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By Pete Muntean, CNN FedEx wants to operate cargo planes outfitted with lasers that throw off incoming heat-seeking missiles, according to a newly published federal documents. In a filing Friday, the Federal Aviation Administration indicated FedEx had asked permission to add the missile-defense system. The agency said that the “FedEx missile-defense system directs infrared laser

By Frank Pallotta, CNN Business Your Netflix bill is about to go up again. The streaming media company said Friday it is raising the prices on its plans in the United States and Canada. In the United States, the subscription price for the standard plan rose $1.50 to $15.49. The basic plan went up $1

By Paul R. La Monica, CNN Business Investors clearly didn’t want to go into the upcoming three-day weekend holding onto financial stocks. The Dow fell a little more than 200 points, led by a steep fall in shares of JPMorgan Chase and other big banks. The Dow closed 0.6% lower on Friday. The index is

by Alison Kosik, CNN Two of the biggest retail pharmacies in the U.S. are temporarily closing some stores and pharmacies on the weekends as the latest surge in Covid-19 causes staff shortages. Walgreens said that, like many industries, this latest surge in the Omicron variant is placing a significant strain on its business in the

By Nathaniel Meyersohn, CNN Business “I am not happy!” “Does NOT sit right with me.” “Calamity.” “Sick to my stomach.” Dollar Tree’s recent decision to end $1 prices after 35 years and raise most items at stores to $1.25 has elicited an angry response from many loyal customers on Twitter, Facebook, TikTok and YouTube. Video

By Yvette Killian, CNN Legendary journalist Carl Bernstein has a message for reporters: “It’s not rocket science.” Bernstein is referring to the basics of newsgathering — the tools and skills reporters use to assemble facts, tell stories. “Today, we see how much reporting — if it’s called that — is done from people looking up

By Anneken Tappe and Nathaniel Meyersohn, CNN Business Consumers are getting grumpy about inflation, Omicron and a host of other challenges. That’s not a good sign for the US economy. Americans shopped less in December, causing the first drop in retail sales since the summer. Sales dropped 1.9% compared with November, adjusted for seasonal swings,

By Julia Horowitz, CNN Business Tech stocks have been plunging as Wall Street obsesses over the Federal Reserve’s next moves and how aggressively it will hike borrowing costs over the next 12 months to rein in inflation. But attention could soon shift elsewhere as corporate earnings season arrives, delivering a distraction from the economy and

By Paul R. La Monica, CNN Business The Main Street and Wall Street gap is widening again. Big banks had a stellar end to 2021 with rates on the rise. Yet many Americans are hurting from surging prices and burnout from the Covid-induced labor shortage. JPMorgan Chase posted strong results for the fourth quarter Friday,

By Michelle Toh, CNN Business Indian billionaire Mukesh Ambani is going big on green energy. His conglomerate, Reliance Industries, announced Thursday that it would allocate a whopping 6 trillion rupees (approximately $80.6 billion) to renewable power projects in the western Indian state of Gujarat, where it hopes to help generate a million new jobs. The

By Julia Horowitz, CNN Business The world needs more electricity. That will mean severe climate damage, unless something changes soon. A report published Friday by the International Energy Agency found that global demand for electricity surged 6% in 2021, fueled by a colder winter and the dramatic economic rebound from the pandemic. That drove both

By Manveena Suri, Swati Gupta and Rhea Mogul, CNN At least nine people were killed and 36 others injured after a passenger train derailed in India’s West Bengal state late Thursday, according to the railway operator. Indian Railways spokesperson Rajesh Bajpai said four out of 12 carriages on the interstate express train veered off the