By Julia Horowitz, CNN Business In late January, there was one question on the minds of investors: How did a struggling mall-based video game retailer became Wall Street’s hottest stock, seemingly overnight? Now, after months of research, the industry’s top regulator has answers — and its findings could pave the way for major reforms to
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By Jordan Valinsky, CNN Business Breakfast is back on the menu at Taco Bell, so it’s giving away free food to celebrate. On Thursday, the chain will offer free breakfast burritos at its United States restaurants. The giveaway, which runs between 7 a.m. to 11 a.m., serves as a reminder that breakfast has returned at
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By Oliver Darcy, CNN Business Some prominent conservative media figures on Monday dishonestly used the death of former US Secretary of State Colin Powell, who died of Covid-19 complications, to cast doubt on the effectiveness of the coronavirus vaccines. While Powell was fully vaccinated, he was also battling multiple myeloma, a cancer that suppresses the
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By Oliver Darcy, CNN Business Some prominent conservative media figures on Monday dishonestly used the death of former US Secretary of State Colin Powell, who died of Covid-19 complications, to cast doubt on the effectiveness of the coronavirus vaccines. While Powell was fully vaccinated, he was also battling multiple myeloma, a cancer that suppresses the
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By Alexandra Meeks, Chris Isidore and Vanessa Yurkevich, CNN Business Approximately 200,000 shipping containers remain on ships off the coast of Los Angeles on Monday as pandemic-related gridlock continues to disrupt various supply chains, according to Gene Seroka, the executive director of the Port of Los Angeles. “We have about two weeks’ worth of work
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By Mick Krever and Charles Riley, CNN Business German media group Axel Springer said on Monday that it has fired the editor-in-chief of the Bild newspaper, Julian Reichelt, for failing “to maintain a clear boundary between private and professional matters” and being “untruthful to the executive board.” “Axel Springer SE has relieved Bild editor-in-chief Julian
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By Anna Bahney, CNN Business Zillow will stop buying homes through Zillow Offers for the rest of the year, as the company’s iBuying program goes from full speed to full stop. The company announced on Monday it would not contract to buy any more homes in 2021 in order to work through the backlog of
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By Nathaniel Meyersohn, CNN Business Amazon plans to add 150,000 temporary workers in the United States for the holiday shopping rush, a 50% increase from the company’s holiday hiring push a year ago. Amazon, like many retailers and logistics companies, is facing challenges hiring workers and is raising pay, dangling bonuses, and expanding benefits in
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Opinion by Henning Gloystein for CNN Business Perspectives Energy shortages and price spikes are roiling markets around the globe. The situation looks especially dire in Europe, which is facing industrial shutdowns, and in China, where there have already been blackouts. If winter heating demand spikes, the crisis is only going to get worse. There will
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By Jack Guy, CNN Business One of Apple’s first computers is up for auction and it could sell for as much as $600,000. The Apple-1 that is going under the hammer on Tuesday is one of the few surviving examples of Apple’s first computer in the world, according to John Moran Auctioneers. The lot includes
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By Paul R. La Monica, CNN Business Music superstars BTS and Harry Styles are hitting the road this fall, while The Weeknd and Billie Eilish have concerts planned for 2022. Live music is back — and that’s great news for Live Nation. Shares of Live Nation, a concert promoter, venue operator and the owner of
Continue Reading By Paul R. La Monica, CNN Business Music superstars BTS and Harry Styles are hitting the road this fall, while The Weeknd and Billie Eilish have concerts planned for 2022. Live music is back — and that’s great news for Live Nation. Shares of Live Nation, a concert promoter, venue operator and the owner of
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By Matt Egan, CNN Business A bipartisan group of lawmakers warned Amazon on Monday they are concerned top executives including former CEO Jeff Bezos may have misled or even lied to Congress about the company’s business practices. The lawmakers, members of the House Judiciary Committee’s antitrust subcommittee, cited recent media reports that cast doubt on
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By Anneken Tappe, CNN Business September was no easy month for America’s factories. They struggled with shortages of materials and qualified workers plus the aftermath of Hurricane Ida, which battered the US gulf coast at the end of August. US industrial production fell 1.3% last month, according to data collected by the Federal Reserve, which
Continue Reading By Anneken Tappe, CNN Business September was no easy month for America’s factories. They struggled with shortages of materials and qualified workers plus the aftermath of Hurricane Ida, which battered the US gulf coast at the end of August. US industrial production fell 1.3% last month, according to data collected by the Federal Reserve, which
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By Kathryn Vasel, CNN Business You’ve been interviewing with three different companies that all sound promising, and Company A is the first to give you an offer. You’re excited, but you are still interested in what Company B and C might have to offer. What do you do? It’s not uncommon for job seekers to
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By Matt Egan, CNN Business In a blow to the climate movement, US power companies are ramping up their coal consumption due to surging natural gas prices. US coal-fired generation is expected to surge by 22% in 2021, the US Energy Information Administration said Monday. That would mark the first annual increase in coal-fired electric
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By Danielle Wiener-Bronner, CNN Business IHOP wants to give you a new reason to get its food on the go and consider it an option for later in the day. The chain on Monday added a new line of sandwich melts, including a roasted turkey melt, pulled pork melt, buffalo chicken melt and even a
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By Sean Lyngaas and Brian Stelter, CNN Sinclair Broadcast Group, one of the largest TV station operators in the US, said Monday that a ransomware incident is disrupting some of its office and operational networks. At an early afternoon town hall meeting held via Zoom, staffers were told that the ripple effects are widespread and
Continue Reading By Matt Egan, CNN Business A bipartisan group of lawmakers warned Amazon on Monday they are concerned top executives including former CEO Jeff Bezos may have misled or even lied to Congress about the company’s business practices. The lawmakers, members of the House Judiciary Committee’s antitrust subcommittee, cited recent media reports that cast doubt on
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