By Nathaniel Meyersohn, CNN Business Costco’s Kirkland Signature brand is perhaps America’s weirdest private label. You can put Kirkland Signature AA batteries alongside Kirkland Signature cashews in your shopping cart. It’s also shockingly successful. Kirkland raked in $58 billion in sales during Costco’s latest fiscal year, making up around a quarter of the company’s total
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By Esha Mitra, CNN Her hair was cut off and her face painted black before she was paraded into the street where some people in a cheering crowd called for her to be raped. But perhaps the most shocking aspect of the attack in a Delhi neighborhood last month is that video shared on social
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Opinion by Emily Parker for CNN Business Perspectives China’s digital yuan is poised to make its debut on the global stage this week, with foreign athletes and others at the Beijing Olympics able to use it for the first time. People can access digital yuan via an app on their smartphone, for example, but it’s
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By Rachel Metz, CNN Business Meta, the parent company of Facebook, has a new feature aimed at cutting down on harassment and assault in virtual reality: It will give avatars in its Horizon Worlds social app and Horizon Venues events app an invisible “personal boundary” of four feet to stop others from getting too close.
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By Matt Egan, CNN Business January’s shockingly strong jobs report suggests the US economy is healthy enough to withstand the Federal Reserve’s plans to raise interest rates in the coming months, former Obama economist Austan Goolsbee told CNN on Friday. “We had an honest-to-God blockbuster positive surprise of a job report. Hopefully, it’s a sign
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By Chris Isidore, CNN Business Employers added a record 6.6 million jobs during Joe Biden’s first 12 months in office, by far the strongest record of any president’s first year in office. The unexpected strength of the January jobs report — along with some revisions in readings for November and December — pushed Biden over
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By Allison Morrow, CNN Business The Labor Department’s monthly jobs report can be hard to interpret, especially as Covid has blown up analysts’ models that measure the economy. But the January report, released Friday, is one to pay attention to. The headline result — 467,000 jobs added last month — came in far better than
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By Anna Bahney, CNN Business Manhattan real estate is back and it is booming. In 2021, prices were near record highs and sales were higher than they’d been in more than three decades. The Big Apple was hit hard at the beginning of the pandemic. Prices dropped and sales activity slowed. But Manhattan came back
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By Jeanne Sahadi, CNN Business Entrepreneurs. Freelancers. Gig workers. Consultants. Salespeople. If you freelance, earn commissions, run a small business, or rely on paying clients for a living, your income is likely unpredictable from year to year. But how you manage and allocate the money you make shouldn’t be. Here are some smart ways to
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By Chris Isidore, CNN Business President Joe Biden loves electric vehicles. He wants half of all new US cars sold by 2030 to be EVs. He proposed a series of incentives to help make that happen — including tax credits for buyers and government support for charging stations. But he’s showed little love for Tesla,
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By Brian Stelter and Oliver Darcy, CNN Business Discovery CEO David Zaslav praised CNN on Friday and said “news is going to be really critical” to the future of the soon to be combined Warner Bros. Discovery, despite the sudden ouster of CNN boss Jeff Zucker earlier this week. “CNN has the greatest group of
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By Sean Lyngaas News Corp suffered a “persistent cyberattack,” the company said Friday, and investigators believe Chinese spies may be responsible. Dozens of journalists at the News Corp-owned Wall Street Journal were targeted in the hack, which appeared to focus on reporters and editors covering China-related issues, two people familiar with the matter told CNN.
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By Matt McFarland, CNN Business Tesla has issued a second recall in a week’s time, in this case due to a chime that would not always sound if a driver’s seat belt was unbuckled. The faulty seat belt chime impacted 817,143 vehicles, including Model S, X, 3 and Y vehicle from the 2021 and 2022
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By Kathryn Vasel and Jeanne Sahadi, CNN So much is working in favor of job seekers who want to wrangle a better position with better pay and better benefits these days. Even still, it’s rarely a seamless or stress-free process. Quitting your job is always a big deal and requires good planning and smart thinking
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By Sara Ashley O’Brien, CNN Business Last year, an improbable organizing effort among Amazon warehouse workers in a central Alabama suburb led to a high-profile push to create what would have been the first US union in Amazon’s history. While the vote indicated the union push had failed, the results were thrown out. Now workers
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By Anneken Tappe, CNN Business America’s jobs recovery got an unexpected boost in January despite the Omicron variant spreading rapidly throughout the country. The economy added 467,000 jobs last month, the Bureau of Labor Statistics said Friday, significantly better than most economists had expected. Restaurants and bars added more than 100,000 jobs. Positions in retail,
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By Julia Horowitz, CNN Business Amazon and Facebook’s Meta are two of the market’s biggest players. Both have come under pressure during a recent sell-off in tech stocks. But this morning, the direction of these companies and their stocks couldn’t look more different. What’s happening: Facebook’s earnings report triggered a 26% collapse in its stock
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By Tami Luhby, CNN Business Lots of workers are getting raises, but for many, the pay hikes won’t buy them more at the grocery store or car dealership. In fact, wages are behind where they were when the pandemic began, if you take rising prices into account. Inflation-adjusted wages, which have been falling steadily since
Continue Reading By Allison Morrow, CNN Business The Labor Department’s monthly jobs report can be hard to interpret, especially as Covid has blown up analysts’ models that measure the economy. But the January report, released Friday, is one to pay attention to. The headline result — 467,000 jobs added last month — came in far better than
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By Anna Cooban and Charles Riley, CNN Business Rotterdam is considering a request to dismantle part of a historic bridge to allow a yacht reportedly owned by Amazon founder Jeff Bezos to leave the shipyard where it is being built. The Dutch city has received a request from a local shipbuilder to remove the central
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