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By Ramishah Maruf, CNN Thousands of mental health therapists at the country’s largest non-profit HMO are poised to strike this week, holding daily picket lines and rallies outside Kaiser Facilities throughout California. The unionized psychologists, therapists, chemical dependency counselors and social workers are demanding that Kaiser Permanente provide “desperately needed” services to its patients, claiming

By Ramishah Maruf, CNN Byron Allen began his career as a standup comic and is now a media tycoon who owns dozens of outlets including the Weather Channel. He has recently added another network to his portfolio — the Black News Channel. Allen is acquiring the assets of the Black News Channel after a bankruptcy

By Allison Morrow and Nicole Goodkind, CNN Business Confused about inflation? You’re not alone. Inflation is, paradoxically, both incredibly simple to understand and absurdly complicated. Let’s start with the simplest version: Inflation happens when prices broadly go up. That “broadly” is important: At any given time, the price of goods will fluctuate based on shifting

By Oliver Darcy, CNN Business Jeffrey Toobin said Friday that he will depart CNN, where he served most recently as chief legal analyst, putting an end to a 20-year run at the network in which he provided no-holds barred commentary and suffered a setback over a scandal in which he inadvertently exposed himself to co-workers

By Matt McFarland, CNN Business Rivian lost a whopping $1.7 billion in the second three months of the year, but some auto industry experts say it’s no cause for concern. Huge losses are to be expected when a new automaker grows. Building millions of vehicles requires investing billions in equipment and employees. Entire factories need

Martha C. White for CNN Business Consumer sentiment in August continued to rebound from its June trough, but Americans’ feelings about the economy remain profoundly depressed from a year earlier, weighed down by uncertainty about inflation and the job market. The nation’s collective outlook rose marginally this month, according to the latest University of Michigan

By Jordan Valinsky, CNN Business Peloton is slashing jobs again, and this time it’s also hiking prices on some of its products. It’s part of a major cost-cutting strategy as the beleaguered fitness company continues to make changes under its new CEO Barry McCarthy. Peloton is laying off nearly 800 employees, McCarthy said in a

By Kara Scannell, CNN Business A New York state judge denied the Trump Organization and its former chief financial officer Allen Weisselberg’s motions to dismiss tax fraud charges during a hearing Friday. Judge Juan Merchan said he would grant a hearing to hear arguments over whether statements Weisselberg made while in custody the day of

By Michelle Toh and Benjamin Brown, CNN Business Germany’s Rhine river is getting too dry, snarling supply chains and creating more problems for its struggling economy. Water in the river has dropped to “exceptionally low” levels in some areas, disrupting shipping on the country’s most important inland waterway, German officials told CNN on Friday. A

By Jordan Valinsky, CNN Business Johnson & Johnson is abandoning talc-based baby powder next year and instead will make it with cornstarch. Its talc-based powder, which hasn’t been sold in the United States and Canada since 2020, is at the center of tens of thousands of lawsuits filed by women who have developed ovarian cancer