By Emiko Jozuka and Michelle Toh, CNN Sushi train restaurants have long been an iconic part of Japan’s food culture. Now, videos of people licking shared soy sauce bottles and messing with plates of food on conveyor belts are prompting critics to question their prospects in a Covid-conscious world. Last week, a video taken at
Continue Reading By Gregory Wallace Congress is set to receive new evidence Thursday of internal chaos at Southwest Airlines over the Christmas holiday meltdown. The pilots’ union is prepared to characterize the operation as held together by “duct tape,” while Southwest’s chief operating officer is expected to apologize and say the airline “is intensely focused on reducing
Continue Reading By Chris Isidore, CNN Business Disney said it would cut 7,000 jobs from its global workforce, part of a multibillion-dollar cost-cutting initiative aimed at streamlining the company’s operations in a period of media industry turmoil. Disney had about 220,000 workers as of October 1, of which approximately 166,000 were employed in the United States. A
Continue Reading By Jordan Valinsky, CNN Discovery+ isn’t disappearing, after all. Warner Bros. Discovery, CNN’s parent company, has decided to continue offering the Discovery+ streaming platform in the United States, according to a source familiar with the company’s plans. That marks a sharp reversal from the media company’s previous plan to combine Discovery+ with HBO Max into
Continue Reading By Jordan Valinsky, CNN Discovery+ isn’t disappearing, after all. Warner Bros. Discovery, CNN’s parent company, has decided to continue offering the Discovery+ streaming platform in the United States, according to a source familiar with the company’s plans. That marks a sharp reversal from the media company’s previous plan to combine Discovery+ with HBO Max into
Continue Reading By Parija Kavilanz, CNN With just days to go to Super Bowl LVII, it’s crunch time if you’re hosting a party this year. That means stocking up on essential game day food and drinks. The good news is that it’s likely to cost less than it did a year ago to serve up several big
Continue Reading By Nathaniel Meyersohn, CNN Bed Bath & Beyond, America’s quintessential home furnishings’ chain, is fighting to stay in business. The company has avoided a bankruptcy filing for now by completing a complex stock offering that will give it an immediate injection of $225 million in funds and a pledge for $800 million in the future
Continue Reading Bed Bath & Beyond is closing 150 more stores including its store in Columbia — just a week after the struggling retailer announced the closure of 87 locations.
Continue Reading By Jordan Valinsky, CNN Breakfast at Taco Bell has been saved — and the chain has Pete Davidson to thank. Sales of Taco Bell’s breakfast burritos and egg-stuffed quesadillas jumped 9% in the fourth quarter of last year, executives at its parent company Yum Brands said in an earnings call Wednesday, attributing the growth to
Continue Reading By Issy Ronald, CNN Business The first stamps featuring King Charles III were unveiled on Wednesday by the Royal Mail, the British postal service. The King is captured in profile, his head bare, looking to the left. The standard first-class stamp will feature the portrait on a plain purple background. “Delighted that the Royal Mail
Continue Reading By Olesya Dmitracova, CNN Companies around the world are racing to provide help to the victims of the devastating earthquake straddling Turkey and Syria, by donating food, medicines, services and cash. Amazon has prepared donations of relief items, including food, baby food, blankets, tents and medicines, with the first shipments departing from its warehouse in
Continue Reading By Nimi Princewill and Stephanie Busari, CNN Nigeria was forced Wednesday to delay plans to replace its banknotes with a redesigned currency after chaotic scenes at ATMs as millions of people struggled to get their hands on the new cash. The country’s old notes were supposed to cease to be legal tender starting February 11 but
Continue Reading By Anna Cooban, CNN Turkey’s stock market has sunk 15% in the three days since a devastating earthquake hit parts of the country’s south, piling further pain onto an already fragile economy. Trading on Istanbul’s stock exchange was halted Wednesday after the main index dropped 7% in early dealing, according to Turkey’s Central Securities Depository.
Continue Reading By Anna Cooban, CNN Turkey’s stock market has sunk 15% in the three days since a devastating earthquake hit parts of the country’s south, piling further pain onto an already fragile economy. Trading on Istanbul’s stock exchange was halted Wednesday after the main index dropped 7% in early dealing, according to Turkey’s Central Securities Depository.
Continue Reading By Nicole Goodkind, CNN Federal Reserve Chairman Jerome Powell threw markets into a tizzy on Tuesday as he spoke about the economy alongside his former boss, Carlyle Group co-founder David Rubenstein, at the Economic Club of Washington. Stocks struggled for direction as investors tried to get a read on Powell’s economic outlook, attitude towards inflation
Continue Reading By Juliana Liu, CNN Trade between the United States and China hit a record high in 2022, even as political tension heightened between the world’s top two economies. The bilateral goods trade between the countries rose to $690.6 billion last year, according to official US data, which was released Tuesday. Exports to China increased by
Continue Reading By Vanessa Yurkevich, CNN CSX Transportation announced Tuesday that it had reached a deal with two railroad unions regarding paid sick leave. The agreement reached between CSX and the Brotherhood of Maintenance of Way Employes Division, which represents engineers, and the Brotherhood of Railway Carmen, which represents mechanical workers, will provide 5,000 union members employed
Continue Reading By Laura He, CNN Even for a famously frugal nation, Chinese people saved a lot last year. Stuck at home due to Covid restrictions, they socked away a record $2.6 trillion. Now that life is returning to normal, hopes are high that consumers will spend with a vengeance, providing a much-needed boost to the world’s
Continue Reading By Jeanne Sahadi, CNN Business Millions of Californians in 2022 got a special check from their state government to offer relief from a variety of negative economic events including inflation. Millions of taxpayers in other states got different types of special payments from their state governments as well — such as income or property tax
Continue Reading By Jeanne Sahadi, CNN However you feel about doing your taxes, chances are that, if you expect to get a refund, you’ll want it fast. The IRS says it typically issues federal refunds within 21 calendar days of accepting your tax return, assuming there are no issues. (More on those in a minute.) Tom O’Saben,
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