By Hanna Ziady, CNN Business Britain is bracing for further disruption from strikes heading into the Christmas period, as ambulance drivers and nurses join rail operators and postal workers in the worst wave of walkouts the country has endured for at least a decade. More than 20,000 ambulance workers, including paramedics and call handlers, are
Continue Reading By Danielle Wiener-Bronner, CNN Business Coca-Cola is hoping that this holiday season, families will crack open some Cokes, settle into a comfy spot and watch its first Christmas Anthology film series. The beverage company partnered with production firm Imagine Entertainment to create three short films, which are available to watch on Amazon Prime across the
Continue Reading By Peter Valdes-Dapena, CNN Business General Motors is moving ahead with plans to install as many as 40,000 electric vehicle chargers in, mostly, rural parts of America. This comes as GM plans to sell exclusively zero-emission passenger vehicles by 2035. These will not be so-called “Level 3” fast chargers — the sort that can charge
Continue Reading By Nicole Goodkind, CNN Business Nothing lasts forever, not even a good CEO. It’s been a nasty year for Fortune 500 companies and top executives are paying for it: CEOs are exiting in droves. But as the global economy sits on the brink of a possible recession, a new troubling pattern is emerging: In many
Continue Reading By Chris Isidore, CNN Business After 53 years and more than 1,570 planes, the last Boeing 747 rolled off the assembly line in Washington state Tuesday evening, on its way to serve as a cargo plane. The once-groundbreaking jumbo jet, with the distinctive second-floor bulge, is perhaps the most notable and popular plane Boeing has
Continue Reading By Hanna Ziady, CNN Business Britain has agreed a new energy partnership with the United States that aims to end its reliance on Russia and lower soaring energy costs. UK Prime Minister Rishi Sunak announced the partnership in a statement on Wednesday. He said the aim was to double the amount of liquified natural gas
Continue Reading By Oliver Darcy, CNN Business The New York Times is preparing for more than 1,100 of its union staffers to go on strike for a full day Thursday — an act of protest that has not been staged by employees at the paper of record since the late 1970s. The historic work stoppage is set
Continue Reading By Rob McLean, CNN Business E-cigarette maker Juul Labs said Tuesday that it has settled litigation it faced in the United States, resolving a substantial amount of legal issues for the company. “The global resolution covers more than 5,000 cases brought by approximately 10,000 plaintiffs against Juul Labs and its officers and directors,” the company
Continue Reading By Allison Morrow, CNN Business The world’s leading producer of advanced computer chips, Taiwan Semiconductor Manufacturing Company, announced an expanded $40 billion investment in its US production hub in Phoenix. President Joe Biden visited the manufacturer’s site in Phoenix and spoke about bringing jobs and investment to Arizona, calling TSMC’s commitment “the largest foreign investment
Continue Reading By Allison Morrow, CNN Business The world’s leading producer of advanced computer chips, Taiwan Semiconductor Manufacturing Company, announced an expanded $40 billion investment in its US production hub in Phoenix. President Joe Biden visited the manufacturer’s site in Phoenix and spoke about bringing jobs and investment to Arizona, calling TSMC’s commitment “the largest foreign investment
Continue Reading By David Goldman, CNN Business Congress wants answers from the CEO of Ticketmaster’s parent company after a ticketing snafu ahead of Taylor Swift’s Eras tour left millions of unhappy Swifties without the ability to see the singer-songwriter perform. In a letter addressed to Live Nation CEO Michael Rapino Tuesday, the House Energy and Commerce Committee
Continue Reading By Chris Isidore, CNN Business After 53 years and more than 1,570 planes, the last Boeing 747 rolled off the assembly line in Washington state Tuesday evening, on its way to serve as a cargo plane. The once-groundbreaking jumbo jet, with the distinctive second-floor bulge, is perhaps the most notable and popular plane Boeing has
Continue Reading By Paul R. La Monica, CNN Business Some top CEOs appear to be worried that the economy could be the Grinch that steals Christmas this year. And investors are not pleased. Stocks sank Tuesday, the second straight day of losses on Wall Street. The Dow fell more than 350 points, or 1.3%. That follows a
Continue Reading By Matt Egan, CNN Business Oil prices have tumbled to their lowest level of the year as worries about the health of the economy overshadow concerns about new restrictions imposed on Russian energy. The sharp drop in oil prices the past two days is mostly good news for consumers, signaling prices at the gas pump
Continue Reading By Oliver Darcy, CNN BuzzFeed on Tuesday said it would lay off approximately 12% of its staff, making the digital news and entertainment conglomerate the latest media company to make painful cuts amid a deteriorating economic climate. In a note to impacted employees, Jonah Peretti, the company’s founder and chief executive, blamed the cuts on
Continue Reading By Paul R. La Monica, CNN Business It’s time to sing a requiem for a meme. Meme stocks, that is. Companies that attracted rabid followings from traders on Reddit and other social media sites in 2021 are struggling. Just look at GameStop. Shares of the video game retailer, which will report its latest results after
Continue Reading By Nathaniel Meyersohn, CNN Business Finally, shoppers are getting some good news about prices: Inflation is falling on discretionary merchandise just in time for the holidays, Walmart chief Doug McMillon said Tuesday. “In toys, sporting goods, apparel, categories like that, prices have come down more aggressively,” McMillon said in an interview on CNBC. “We’re still
Continue Reading By Danielle Wiener-Bronner, CNN Business A McDonald’s franchise operator has violated child labor laws, according to an investigation by the Department of Labor. Santonastasso Enterprises, which operates McDonald’s locations in the Pittsburgh area, allowed 14- and 15-year-olds to work more than three hours after 7 pm on school days, after 9 pm over the summer
Continue Reading By Anna Cooban, CNN Business The world’s biggest economic relationship has hit a rough patch. The European Union and United States — together responsible for one third of global trade — have been at loggerheads in recent weeks over US President Joe Biden’s landmark $370 billion climate plan. The Inflation Reduction Act (IRA), which passed
Continue Reading By Danielle Wiener-Bronner, CNN Business Philadelphia Cream Cheese is launching a non-dairy version of its signature spread. The plant-based cream cheese is now available at grocery stories in Atlanta, Houston, Miami and other locations in the Southeast, with a wider rollout planned for summer 2023. The new variety is made with coconut oil and faba
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