By Matt Egan, CNN Business A bipartisan group of lawmakers warned Amazon on Monday they are concerned top executives including former CEO Jeff Bezos may have misled or even lied to Congress about the company’s business practices. The lawmakers, members of the House Judiciary Committee’s antitrust subcommittee, cited recent media reports that cast doubt on
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By Julia Horowitz, CNN Business Goldman Sachs has received clearance to take full ownership of its securities joint venture in China, a sign that Beijing remains open to foreign financial firms even as geopolitical tensions simmer. Goldman announced Sunday that the entity, previously called Goldman Sachs Gao Hua Securities Company, will be renamed Goldman Sachs
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By Julia Horowitz, CNN Business This year, cryptocurrencies have been up. They’ve been down. But they never seem to be entirely out. What’s happening: Hype around bitcoin is building again, with a financial tool that could boost public exposure to the digital currency poised to make its debut this week. After plunging this spring, bitcoin
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By Rob McLean and Chris Isidore, CNN Business The auto industry continues its rush to build factories for production of the massive batteries needed to power electric vehicles. Automaker Stellantis, formed by last year’s merger of Fiat Chrysler and French automaker PSA Group, and South Korean battery maker LG Energy Solution announced Monday they are
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By Laura He, CNN Business China’s GDP is growing at the slowest pace in a year as a massive energy crunch, shipping disruptions and a deepening property crisis take their toll on the world’s second largest economy. The economy expanded by just 4.9% in the third quarter, compared with the same period a year earlier.
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By Ed Scott-Clarke and Max Burnell, CNN Business Companies and people who want to cancel out the impact of their emissions on the climate often turn to something called carbon offsetting. So what is that, exactly? The idea is that any carbon emitting process, from a long-haul flight to electricity generation, can be offset by
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By Rhea Mogul, Swati Gupta and Manveena Suri, CNN At least 27 people have been killed after heavy rain triggered floods and landslides in southern India. Torrential rain has battered the coastal state of Kerala since Friday, causing rivers to swell and flooding roads that left vehicles submerged in muddy waters, with some houses reduced
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By Laura He, CNN Business China’s GDP is growing at the slowest pace in a year as a massive energy crunch, shipping disruptions and a deepening property crisis take their toll on the world’s second largest economy. The economy expanded by just 4.9% in the third quarter, compared with the same period a year earlier.
Continue Reading By Ramishah Maruf, CNN Business The media treats some aspects of the first amendment — such as press freedom — as sacred. But when it comes to other crucial protections, including free and fair elections and other basic tenets of democracy, there tends to be a “sliding scale.” On “Reliable Sources” Sunday, CNN’s chief media
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By Ramishah Maruf, CNN Business The media treats some aspects of the first amendment — such as press freedom — as sacred. But when it comes to other crucial protections, including free and fair elections and other basic tenets of democracy, there tends to be a “sliding scale.” On “Reliable Sources” Sunday, CNN’s chief media
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By Brian Stelter, CNN Business Bari Weiss says her publication on Substack, Common Sense, is meant to be “the newspaper for the 21st century, ultimately. I’m starting it out as the op-ed page that I want to read.” One year after quitting The New York Times, Weiss has not drifted off into obscurity, as detractors
Continue Reading By Brian Stelter, CNN Business Bari Weiss says her publication on Substack, Common Sense, is meant to be “the newspaper for the 21st century, ultimately. I’m starting it out as the op-ed page that I want to read.” One year after quitting The New York Times, Weiss has not drifted off into obscurity, as detractors
Continue Reading By Frank Pallotta, CNN Business Michael Myers made a killing at the box office, even though he was also streaming. Universal Pictures’ “Halloween Kills” — the latest installment in the long running franchise — brought in an estimated $50.3 million at the North American box office this weekend. That number exceeded industry expectations, which had
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By Alicia Wallace, CNN Business Pork, much like everything else these days, has gotten more expensive due in part to the supply chain issues and inflationary pressures spurred by the pandemic. And now comes another wildcard: The pork industry’s ability — and desire — to adapt to a new animal welfare law in California, its
Continue Reading By Paul R. La Monica, CNN Business For much of this year, Netflix shares have trailed big tech rivals Facebook, Apple and Amazon. That’s no longer the case, in part because of the global mega-hit “Squid Game.” Netflix’s stock was in the red for 2021 as recently as August. Investors worried it may have lost
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By Frank Pallotta, CNN Business The NFL had a rough week, and “Saturday Night Live” made sure to tackle it on this weekend’s episode. The NBC variety show kicked off with a cold open that covered the scandal around former Las Vegas Raiders head coach Jon Gruden, who resigned Monday after reports emerged of him
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Opinion by Denise Hamilton for CNN Business Perspectives Despite promises from across the corporate world to diversify leadership and give people of all backgrounds equal opportunities, women of color remain stuck with little to no progress in sight. A recent study from McKinsey and LeanIn.org found that while women overall have more high-ranking roles than
Continue Reading By Chris Isidore, CNN Business Workers are saying enough is enough. And many of them are either hitting the picket lines or quitting their jobs as a result. The changing dynamics of the US labor market, which has put employees rather than employers in the driver’s seat in a way not seen for decades, is
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By Ramishah Maruf, CNN Business Netflix fired an employee for sharing “confidential, commercially sensitive information” outside of the company about Dave Chappelle’s controversial stand-up special “The Closer,” the company confirmed to CNN on Saturday. The unidentified employee was an organizer of an upcoming walkout by the company’s trans employees, according to a report by The
Continue Reading By Ramishah Maruf, CNN Business Netflix fired an employee for sharing “confidential, commercially sensitive information” outside of the company about Dave Chappelle’s controversial stand-up special “The Closer,” the company confirmed to CNN on Saturday. The unidentified employee was an organizer of an upcoming walkout by the company’s trans employees, according to a report by The
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