By Danielle Wiener-Bronner, CNN Starbucks interim CEO Howard Schultz will testify before a Senate committee about the company’s labor practices on March 29, a reversal of Schultz’s previous refusal. “I’m happy to announce that Howard Schultz, the CEO and founder of Starbucks, has finally agreed to testify before the Senate HELP Committee,” Senator Bernie Sanders
Continue Reading By Clare Duffy, CNN Elon Musk has apologized after publicly scoffing at a Twitter employee’s uncertainty about whether he had been laid off in a recent round of cuts and speaking dismissively of the employee’s disability in a series of tweets Monday night. “I would like to apologize to Halli for my misunderstanding of his
Continue Reading By Catherine Thorbecke, CNN Investors are betting that Washington’s mounting scrutiny on TikTok could be good news for rival Snapchat. Shares of Snapchat’s parent company surged nearly 10% on Monday and another 5% in early trading Tuesday following news that US senators are planning to introduce legislation that could make it easier to ban rival
Continue Reading By Clare Duffy, CNN Nearly a decade after Facebook angered some users by splitting off messaging features from its flagship social networking application and forcing people to download a separate app to chat with friends, the company is now testing out reversing the move. In an interview with CNN, Facebook head Tom Alison said the
Continue Reading By Nathaniel Meyersohn, CNN WeightWatchers is getting into the booming prescription weight loss drug business. The company, now known as WW International, will buy Sequence, a telehealth subscription service that connects patients with doctors who can prescribe weight-loss and diabetes drugs, including the hot new diabetes drug Ozempic. WeightWatchers offers subscribers meal plans and other
Continue Reading By Nathaniel Meyersohn, CNN WeightWatchers is getting into the booming prescription weight loss drug business. The company, now known as WW International, will buy Sequence, a telehealth subscription service that connects patients with doctors who can prescribe weight-loss and diabetes drugs, including the hot new diabetes drug Ozempic. WeightWatchers offers subscribers meal plans and other
Continue Reading By Peter Valdes-Dapena, CNN Business After I parked a new 2023 Toyota Prius and walked away, I turned around to look at it. Not because I was checking my parking job, but because it just looked so good. Turning around to look at a Prius is, seriously, something I never thought I would do. The
Continue Reading By Matt Egan, CNN A breach of the US debt ceiling risks sparking a 2008-style economic catastrophe that wipes out millions of jobs and sets America back for generations, Moody’s Analytics warned on Tuesday. In a new report ahead of Congressional testimony, Moody’s chief economist Mark Zandi described the standoff over raising the debt limit
Continue Reading By Danielle Wiener-Bronner, CNN Vegan Reese’s are happening. Hershey, which makes Reese’s along with Hershey bars, Kisses and other chocolates and candies, announced two new dairy-free products on Tuesday: Reese’s plant-based peanut butter cups, and a vegan chocolate Hershey bar with almonds and sea salt, each made with oats instead of dairy and designed to taste
Continue Reading By Jordan Valinsky, CNN Business Bud Light Seltzer has a problem: People still think there’s beer in the spiked seltzer. More than half of the thousands of people Bud Light Seltzer surveyed incorrectly believe that the alcoholic seltzer contains beer, which is a self-admitted problem for the three-year-old brand because it’s a “barrier to people
Continue Reading By Jessie Gretener and Anna Cooban, CNN Some fans of the Eurovision Song Contest were unable to access Ticketmaster’s website Tuesday, almost four months after the ticketing platform crashed under the weight of huge demand for tickets to Taylor Swift concerts. According to PA Media, the Eurovision tickets were scheduled to be released at 7
Continue Reading By Alicia Wallace, CNN Federal Reserve Chairman Jerome Powell was on Capitol Hill Tuesday for the first part of his two-day semiannual monetary policy testimony before Congress. After Powell delivered remarks about the economy, inflation and the Fed’s actions to date, the head of the US central bank was peppered with questions from Senate Banking
Continue Reading By Nicole Goodkind, CNN Federal Reserve Chair Jerome Powell is on the hot seat this week as he testifies before Congress. Investors will be watching closely as they search for signs of future rate hikes. Powell is expected to speak before the Senate Banking Committee on Tuesday morning and the House Financial Services Committee on
Continue Reading By Catherine Thorbecke, CNN Uber on Tuesday unveiled some new product features that aim to make it easier for you to find your ride at the airport. The ride-hailing company said it was adding step-by-step instructions in the app to guide people through the airport and get them smoothly from the gate to their Uber
Continue Reading By Pierre Bairin, Aurore Laborie and Hanna Ziady, CNN Oil refineries across France were blockaded Tuesday by workers taking part in a 1-million-strong protest against government plans to raise the retirement age. Mass strikes also left thousands without electricity and disrupted schools, airports and trains as the country’s biggest union CGT urged people to “bring
Continue Reading By Michelle Toh and Gawon Bae, CNN Kakao, one of South Korea’s top internet giants, has doubled down on its quest to take control of SM Entertainment, the iconic K-pop music agency. The tech firm announced Tuesday that it would seek to buy up to 35% of the music label, just days after a previous
Continue Reading By Laura He, CNN China’s leader Xi Jinping hit out at the United States with unusually direct comments as he called on the country’s private companies to “fight” alongside the Communist Party at a time of mounting challenges at home and abroad. “[In the past five years,] Western countries led by the United States have
Continue Reading By Laura He, CNN China’s leader Xi Jinping hit out at the United States with unusually direct comments as he called on the country’s private companies to “fight” alongside the Communist Party at a time of mounting challenges at home and abroad. “[In the past five years,] Western countries led by the United States have
Continue Reading By Rhea Mogul, CNN Firefighters in the southern Indian city of Kochi were toiling Tuesday to control toxic fumes from spreading after a landfill burst into flames five days ago, cloaking the area in a thick haze and choking residents. The towering Brahmapuram landfill in Kerala state is the country’s latest trash mountain to catch
Continue Reading By Parija Kavilanz, CNN Barbie isn’t one to be pigeonholed into a profession just because she’s a woman. She’s had an impressive 200 careers on her resume — doctor, astronaut, computer engineer, CEO and even presidential candidate. For International Women’s Day on March 8, Mattel (which owns the Barbie brand) is hoping to inspire young
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