By Matt Egan, CNN Business David Rubenstein is shrugging off fears of runaway inflation and concerns about looming tax hikes. The private equity billionaire is far more worried these days about the state of American democracy. “We don’t have bipartisanship. We have enormous amounts of tension between the two parties,” Rubenstein, co-founder of the Carlyle
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By Tal Yellin and Janie Boschma, CNN Employees in five industries will especially feel the effects of the new vaccine mandate — management, utilities, information, finance and insurance, and administration and waste management services. More than 80% of the workforce for those five industries are employed by businesses with a staff of at least 100
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By Matt Egan, CNN Business In March 2020, the US economy faced the specter of a financial crisis and a full-blown depression as Covid-19 crippled American society. That nightmare scenario was avoided, in large part because of an unprecedented response from the federal government that included stimulus checks, small business loans and emergency credit programs.
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By Scottie Andrew, CNN Before computers were a staple of workplaces, schools, libraries and many homes, they were bulky, expensive and a luxury many couldn’t afford. Enter Clive Sinclair. The British inventor’s first personal computer, the ZX80, was a slim steal at $200. The invention and its more advanced successors helped bring computing to the
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By Zahra Ullah, CNN A voting app created by allies of prominent Kremlin critic Alexey Navalny was removed from Google and Apple’s online stores in Russia just as polls opened for parliamentary elections, according to a series of tweets from Navalny’s team on Friday. Ivan Zhdanov, a key ally of the jailed dissident, tweeted an
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By Philip Wang, CNN Business The World Bank says it will stop publishing its annual Doing Business economic report after an independent investigation found bank leaders placed “undue pressure” on staffers to alter data to inflate the rankings for China and Saudi Arabia in 2018 and 2020 editions of the report. The bank commissioned the
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By Samantha Murphy Kelly, CNN Business Microsoft is rolling out its first major Windows update in six years. But not everyone will be able to get it right away. Starting Tuesday, Windows 11 will be available as a free download to existing Windows users depending on the hardware and age of their PC device. Microsoft
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By Anneken Tappe, CNN Business It’s been a wobbly week on Wall Street and CNN Business’ Fear and Greed Index is flashing “Fear.” The stock market is in a weird place. It has fallen in most of the trading sessions this month. The S&P 500, which is the broadest measure of the US stock market,
Continue Reading By Anneken Tappe, CNN Business It’s been a wobbly week on Wall Street and CNN Business’ Fear and Greed Index is flashing “Fear.” The stock market is in a weird place. It has fallen in most of the trading sessions this month. The S&P 500, which is the broadest measure of the US stock market,
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Opinion by Jennifer M. Granholm for CNN Business Perspectives The image of a collapsed electrical tower and power lines that Hurricane Ida tossed into the Mississippi River illustrated a fundamental challenge facing the nation: Our power systems weren’t built to withstand extreme weather events. Without major investments to reinforce, modernize and clean our grid, the
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By Julia Horowitz, CNN Business “Delta? What Delta?” That was the take from Ian Shepherdson, chief economist at Pantheon Macroeconomics, after seeing the data on US retail sales for August. What’s happening: Contrary to expectations, US retail sales increased last month as consumers continued to shell out on clothing, furniture and groceries. It’s a promising
Continue Reading By Matt Egan, CNN Business In March 2020, the US economy faced the specter of a financial crisis and a full-blown depression as Covid-19 crippled American society. That nightmare scenario was avoided, in large part because of an unprecedented response from the federal government that included stimulus checks, small business loans and emergency credit programs.
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Story by Clare Duffy, CNN Business Video by John General, CNN Business As the Taliban entered Kabul last month, the team behind the crowdsourced news alert app Ehtesab deserted their office in the city. But they continued their work of providing Afghans with critical information, such as which roads were congested and where outbreaks of
Continue Reading Story by Clare Duffy, CNN Business Video by John General, CNN Business As the Taliban entered Kabul last month, the team behind the crowdsourced news alert app Ehtesab deserted their office in the city. But they continued their work of providing Afghans with critical information, such as which roads were congested and where outbreaks of
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By Diksha Madhok, CNN Business China has applied to join a major Asia-Pacific trade partnership that the United States ditched several years ago, as the world’s second largest economy tries to bolster its relationships in the region. Chinese Commerce Minister Wang Wentao applied for membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP),
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By Michelle Toh, CNN Business The troubles of Chinese conglomerate Evergrande have dominated headlines after it warned once again that it could default on its astronomical debt because of a cash crunch. Experts have characterized the firm’s struggles as a major test for Beijing that risks turning into China’s Lehman Brothers moment, sending shockwaves across
Continue Reading By Rishi Iyengar, CNN Business Microsoft has a solution for the familiar problem of needing to remember too many passwords: doing away with them altogether. The company announced Wednesday that it will introduce a “passwordless account” option for all users of several popular services such as Microsoft Outlook and Microsoft OneDrive in the coming weeks.
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By Jeanne Sahadi, CNN Business Maintaining a healthy environment during a pandemic without alienating employees and customers who don’t want to wear masks or get vaccinated has been a headache for small business owners. Although everyone has questions about how it will work, some were relieved by President Biden’s announcement last week that employers with
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By Brian Stelter, CNN Business Sony Pictures Television has bought itself some time to sort out its “Jeopardy!” mess. Mayim Bialik and Ken Jennings, who are both part of the game show’s television family, will host the show “through the end of the calendar year,” Sony said Thursday. This timing will give Sony executives at
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By Chris Isidore, CNN Business United Airlines has achieved a high level of compliance with the strict vaccine mandate it set for its 67,000 US employees. But the airline’s CEO doesn’t believe expanding that requirement to passengers is a good idea. United CEO Scott Kirby told CNN that about 90% of the company’s employees have
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