By Julia Horowitz, CNN Business What do banks, airlines and fast food chains have in common? They’re all keeping a close eye on rising wages, which could hold the key to where inflation heads next. This just in: Compensation for American workers climbed 4% in the year to December 2021, the biggest increase in two
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By Gabe Cohen, CNN Business Grocery costs keep climbing. Prices of meat, seafood, produce, cereal and other kitchen staples shot up 9% in 2021. That’s according to data from IRI, a Chicago-based market research firm, and the trend is continuing this year. Big-name brands are raising prices: Kraft Heinz announced hikes on Velveeta cheese, Oscar
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By Danielle Wiener-Bronner, CNN Business Stress eating is about to get more expensive: Hershey is raising prices this year. “Pricing will be an important lever for us this year and is expected to drive most of our growth,” Hershey CEO Michele Buck said in prepared remarks discussing the company’s financial results Thursday. In its 2022
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By Ramishah Maruf, CNN Business Spotify responded to criticism it has received regarding Covid-19 content Sunday after a number of prominent artists said they will leave the platform if it continues to host comedian Joe Rogan, whose podcast has spread misleading and inaccurate claims about vaccines and the virus. Spotify said it is adding a
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By Diksha Madhok, CNN Business China’s government is using new intimidation methods against journalists and their sources, according to an annual survey by the Foreign Correspondents’ Club of China. The report, which was released Monday, said foreign correspondents are facing “unprecedented hurdles” covering the world’s most populous nation. Those hurdles include online trolling, cyber hacking,
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By Jessie Yeung and CNN’s Beijing Bureau, CNN Business A Chinese subway system’s attempt to spread some Lunar New Year cheer backfired over the weekend, as panicked passengers mistook seasonal red QR codes for positive Covid tests. Chinese social media users reported Sunday that the Shanghai metro’s QR code — which passengers scan when they
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By Laura He, CNN Business Coronavirus outbreaks and strict lockdowns in China are continuing to take their toll on the country’s factories. A private index measuring activity at factories in China fell to 49.1 in January from December’s 50.9. It’s the lowest level for the Caixin/Markit manufacturing Purchasing Managers Index since February 2020, when the
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By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Every day, there’s another tug-of-war over who gets heard and where and how, another power struggle over platforming. “The battle lines over truth and falsehood aren’t just cutting across the
Continue Reading By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Every day, there’s another tug-of-war over who gets heard and where and how, another power struggle over platforming. “The battle lines over truth and falsehood aren’t just cutting across the
Continue Reading By Ramishah Maruf, CNN Business Spotify responded to criticism it has received regarding Covid-19 content Sunday after a number of prominent artists said they will leave the platform if it continues to host comedian Joe Rogan, whose podcast has spread misleading and inaccurate claims about vaccines and the virus. Spotify said it is adding a
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By Ramishah Maruf, CNN Business Spotify responded to criticism it has received regarding Covid-19 content Sunday after a number of prominent artists said they will leave the platform if it continues to host comedian Joe Rogan, whose podcast has spread misleading and inaccurate claims about vaccines and the virus. Spotify said it is adding a
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By Ramishah Maruf, CNN Business Jack Sweeney, a 19-year-old from Florida, rejected a $5,000 offer from Elon Musk to delete his Twitter account that tracks the billionaire’s private jet. ElonJet has over 150,000 followers, and uses a bot that Sweeney developed to monitor Musk’s flights. The feed then tweets out when and where the plane
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By Brian Fung, CNN Business A few days after Christmas, Aaron Worley and his wife began feeling ill. Fearing they may have contracted Covid-19 over the holidays, Worley, a 32-year-old quality assurance tester from Las Vegas, joined millions of other Americans in a desperate search — “rush mode,” he called it — for rapid test
Continue Reading By Brian Fung, CNN Business A few days after Christmas, Aaron Worley and his wife began feeling ill. Fearing they may have contracted Covid-19 over the holidays, Worley, a 32-year-old quality assurance tester from Las Vegas, joined millions of other Americans in a desperate search — “rush mode,” he called it — for rapid test
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By Paul R. La Monica, CNN Business It’s been a tough start to the year for investors in big tech companies. Cathie Wood’s ARK Innovation fund, a big owner of Tesla, Zoom and Roku, has plunged nearly 30%. And speculative meme stocks like GameStop and AMC have been crushed. But that’s not causing Berkshire Hathaway’s
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By Kelly McCleary, CNN “Saturday Night Live” kicked off its show this week with its President Joe Biden reviewing Russia’s efforts to spread misinformation on social media in Ukraine. The scene opened with Biden, played by James Austin Johnson, surrounded by advisers in the Oval Office, including a military adviser portrayed by Kenan Thompson. Johnson’s
Continue Reading By Kelly McCleary, CNN “Saturday Night Live” kicked off its show this week with its President Joe Biden reviewing Russia’s efforts to spread misinformation on social media in Ukraine. The scene opened with Biden, played by James Austin Johnson, surrounded by advisers in the Oval Office, including a military adviser portrayed by Kenan Thompson. Johnson’s
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By Danielle Wiener-Bronner, CNN Business In October 2020, the moment Trish Priest had been dreading arrived: Tab, the decades-old diet drink, was being killed off by parent company Coca-Cola. What to some was a mere news blip was a crisis for Priest. “I lived in fear of it being discontinued for years,” she said. “When
Continue Reading By Kelly McCleary, CNN “Saturday Night Live” kicked off its show this week with its President Joe Biden reviewing Russia’s efforts to spread misinformation on social media in Ukraine. The scene opened with Biden, played by James Austin Johnson, surrounded by advisers in the Oval Office, including a military adviser portrayed by Kenan Thompson. Johnson’s
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by Reuters Facebook’s parent company Meta Platforms Inc has paused new users from joining its social media tracking tool CrowdTangle due to staffing constraints. Meta, which disbanded the CrowdTangle team last year, has been under pressure to provide greater transparency into its platforms. CrowdTangle founder and CEO Brandon Silverman left Facebook last year. The tool
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