By Wayne Chang, Nectar Gan, Jadyn Sham and Teele Rebane, CNN Business Hong Kong pro-democracy media outlet Stand News has shut down after national security police raided its office and arrested seven people associated with the publication on Wednesday. It’s yet another blow to diminishing press freedoms in the city. The independent news website announced
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By Jackie Wattles and Jill Disis, CNN Business Elon Musk’s rocky year in China is ending on another sour note. The tech billionaire’s SpaceX satellites are catching heat in the country after Beijing complained that two satellites launched by the American aerospace manufacturer endangered Chinese astronauts. In a report sent earlier this month to the
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By Anna Bahney, CNN Business Home prices saw double-digit price growth yet again in October, according to the S&P CoreLogic Case-Shiller National home price index. National home prices were up 19.1% in October from the year before, slightly less than the revised 19.7% annual increase in September, and marking the second month in a row
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By Matt Egan, CNN Business Thousands of flights canceled. Back-to-the-office plans shelved. College football bowl games and Broadway shows called off. Shuttered Apple stores in New York City. Covid is once again causing mayhem in the economy. The disruption is different this time, though. Vaccines and boosters are widely available, symptoms from Omicron appear to
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By Parija Kavilanz, CNN Business Act fast, Costco members! The retailer has the hard-to-score Xbox Series X gaming console back in stock and available right now. The Xbox Series X invariably sells out immediately at any retailer that stocks it, making it a prized holiday find and bestowing legitimate bragging rights for anyone lucky and
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By Brian Lowry, CNN Business Spider-Man has triumphed against tough box-office odds and the Omicron variant. As theaters and Hollywood get ready to turn the calendar toward 2022, they’re awaiting their next superhero. After 20 months of fits and starts at cinemas, “Spider-Man: No Way Home” has become the first movie to gross more than
Continue Reading By Brian Lowry, CNN Business Spider-Man has triumphed against tough box-office odds and the Omicron variant. As theaters and Hollywood get ready to turn the calendar toward 2022, they’re awaiting their next superhero. After 20 months of fits and starts at cinemas, “Spider-Man: No Way Home” has become the first movie to gross more than
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By Parija Kavilanz, CNN Business DoorDash is asking its employees, all the way up the ranks to its CEO, to again make a delivery at least once a month. Some are not cheering the news. The on-demand food delivery company in the New Year will reinstate a program, called WeDash, that it had paused during
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By Kathryn Vasel, CNN Business As the pandemic persisted throughout 2021, so did the challenges that companies faced. Many corporate leaders and human resource executives had to contend with delayed office re-openings, mask and vaccine mandates and evolving safety policies. Some also had to figure out which work model would be best for the company,
Continue Reading By Jackie Wattles and Jill Disis, CNN Business Elon Musk’s rocky year in China is ending on another sour note. The tech billionaire’s SpaceX satellites are catching heat in the country after Beijing complained that two satellites launched by the American aerospace manufacturer endangered Chinese astronauts. In a report sent earlier this month to the
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By Jordan Valinsky, CNN Business A Delta Air Lines flight originating in Seattle and heading to Shanghai last week turned around midair because of a change in cleaning rules at the China airport, the airline said. If it had landed in Shanghai, Delta said the new rules would have caused substantial delays. “The new cleaning
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By Matt McFarland, CNN Business Following decades of talk about failing infrastructure, the country finally took a major step toward repairing it in 2021, transportation experts say. The year will likely be remembered in part for the unprecedented investment in infrastructure, including highways, bridges, airports, tunnels and trains. President Biden’s signing of the $1.2 trillion
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By Samantha Murphy Kelly, CNN Business When Patrick Kennedy, a nightlife performer in New York City, recently was exposed to Covid-19, he was desperate to find more rapid tests to not only monitor his health but track when he’d be able to return to work. “It’s impossible to find Covid tests because of the shortage
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By Jordan Valinsky, CNN Business Apple has closed all of its New York store locations to browsing because of a surge in Covid-19 cases. The roughly one dozen locations in the city will be limited to picking up online orders and walk-in services such as Genius Bar support. “We regularly monitor conditions and we will
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By Matt Egan, CNN Business Pain at the pump will get worse before it gets better. That’s according to a new GasBuddy forecast that predicts the national average will rise to $3.41 a gallon in 2022, up from $3.02 a gallon this year. That would reverse some of the recent relief American drivers have received
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By Chris Liakos and Sonnet Swire, CNN Business Thousands of flights have been canceled over the past several days as Covid cases surge across the globe. On Tuesday, another 2,800 flights have been canceled, with more than 1,000 of them within, into or out of the United States, according to tracking website FlightAware. More than
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By Matt Egan Goldman Sachs told employees Monday that all individuals coming into the bank’s US offices will be required to show proof of a Covid vaccination booster shot. The new booster policy takes effect February 1 and applies to both employees and visitors. The move comes as a spike in Covid-19 cases complicates the
Continue Reading By Chris Liakos and Sonnet Swire, CNN Business Thousands of flights have been canceled over the past several days as Covid cases surge across the globe. On Tuesday, another 2,800 flights have been canceled, with more than 1,000 of them within, into or out of the United States, according to tracking website FlightAware. More than
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By Jennifer Korn The Metropolitan Transportation Authority, which is responsible for managing the New York City region’s public transit, announced that there will be fewer trains running this week due to the Covid-19 surge in New York. The schedule change for Monday to Thursday comes from a shortage of workers due to Covid-19. “By reducing
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By Anna Bahney, CNN Business The US housing market has had a white hot year. Home sales are on track to reach the highest level in 15 years, with an estimated 6 million homes sold in 2021. But whether you benefited from this surge depended a lot on if you were selling a home or
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