Opinion by Sonja Opper for CNN Business Perspectives Over the last 12 months, China’s government has engaged in an unprecedented regulatory crackdown on the country’s technology sector. Alibaba was hit with a multibillion-dollar antitrust fine; new regulatory rules were crafted that target the emergent online education sector; and the ride-hailing service Didi Chuxing saw its
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By Julia Horowitz, CNN Business The United States has officially flung open its doors to vaccinated international travelers. For companies in the industry, that’s reason to cheer. What’s happening: Stocks in airlines have rallied this month in anticipation of the easing of restrictions, which investors hope will trigger a surge in bookings from people who
Continue Reading By Julia Horowitz, CNN Business The United States has officially flung open its doors to vaccinated international travelers. For companies in the industry, that’s reason to cheer. What’s happening: Stocks in airlines have rallied this month in anticipation of the easing of restrictions, which investors hope will trigger a surge in bookings from people who
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By Jordan Valinsky, CNN Business Aaron Rodgers has been prominently featured in State Farm’s television ads for about a decade. This past weekend, he was almost nowhere to be found. The number of State Farm spots featuring the Green Bay Packers quarterback drastically decreased this weekend, following the revelation Rodgers is not vaccinated against Covid-19
Continue Reading By Jordan Valinsky, CNN Business Aaron Rodgers has been prominently featured in State Farm’s television ads for about a decade. This past weekend, he was almost nowhere to be found. The number of State Farm spots featuring the Green Bay Packers quarterback drastically decreased this weekend, following the revelation Rodgers is not vaccinated against Covid-19
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By Walé Azeez, CNN Business More than $30 billion was wiped off Tesla’s market value on Monday after millions of Elon Musk’s Twitter followers voted in favor of him selling 10% of his shares in the company. Tesla shares fell by about 3% in morning trading in New York, recovering slightly from a premarket drop
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By Diksha Madhok, CNN Business SoftBank is stuck in a “big winter snowstorm,” founder and CEO Masayoshi Son said Monday, after a sweeping tech crackdown in China battered some of the Japanese company’s key investments. SoftBank on Monday posted a loss of 397 billion yen ($3.5 billion) for the July-to-September quarter. Son said that the
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By Laura He, CNN Business The holiday shopping season is boosting China’s trade at a time when the country needs it most. But that doesn’t mean its economic woes are over just yet. Chinese exports surged 27% in October from a year earlier, according to customs statistics released by Chinese authorities on Sunday. That’s a
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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. This weekend’s episode of “Saturday Night Live” was, in the words of one reviewer, an “instant classic,” which is something of a rarity, since critics love to lament that the
Continue Reading By Ramishah Maruf, CNN Business Infrastructure week is a “cheeky” slogan, but the real story is what the infrastructure funding in the “Build Back Better” bill will accomplish, CNN chief media correspondent Brian Stelter said on “Reliable Sources” Sunday. And it’s the media’s responsibility to report the story, not just repeat catch-all slogans. Critical Race
Continue Reading By Ramishah Maruf, CNN Business Infrastructure week is a “cheeky” slogan, but the real story is what the infrastructure funding in the “Build Back Better” bill will accomplish, CNN chief media correspondent Brian Stelter said on “Reliable Sources” Sunday. And it’s the media’s responsibility to report the story, not just repeat catch-all slogans. Critical Race
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By Ramishah Maruf, CNN Business The Twitterverse has spoken. Elon Musk tweeted Saturday that he would let Twitter users decide if he should sell 10% of the 170.5 million shares he holds in Tesla, and 58% of the more than 3.5 million voters said “yes.” Musk, the company’s founder and CEO posted the poll Saturday
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By Ramishah Maruf, CNN Business Marvel’s “Eternals” opened with a $71 million domestic box office launch this weekend, Disney announced, making it the 4th highest opening of the pandemic despite less than favorable reviews from critics. The number comes close to “Shang-Chi’s” $75.3 million Labor Day weekend opening, but the next few weekends will give
Continue Reading By Ramishah Maruf, CNN Business Marvel’s “Eternals” opened with a $71 million domestic box office launch this weekend, Disney announced, making it the 4th highest opening of the pandemic despite less than favorable reviews from critics. The number comes close to “Shang-Chi’s” $75.3 million Labor Day weekend opening, but the next few weekends will give
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By Clare Duffy, CNN Business In August 2019, when a Facebook employee typed “climate change” into the platform’s search bar, the auto-fill suggestions that popped up included “climate change debunked” and “climate change is a hoax.” The results prompted the employee to ask in a post on the company’s internal site: “Do our policies combatting
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By Paul R. La Monica, CNN Business The trillion-dollar market cap club is starting to get crowded. Microsoft is now worth a smidge more than Apple, making the Satya Nadella-led cloud software giant the world’s most valuable company. Both companies are worth about $2.5 trillion. Google owner Alphabet is worth just a touch less than
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. This weekend’s episode of “Saturday Night Live” was, in the words of one reviewer, an “instant classic,” which is something of a rarity, since critics love to lament that the
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By Aya Elamroussi, CNN From a Super Bowl-winning quarterback to Super Mario, Saturday Night Live condensed a week’s worth of controversial topics into its opening sketch, bringing a new cast member’s impression of Donald Trump. The NBC variety show opened Saturday’s episode with Green Bay Packers’ Aaron Rodgers, played by Pete Davidson, in a parody
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By Ramishah Maruf and Jacob Lev, CNN Prevea Health and Green Bay Packers quarterback Aaron Rodgers announced they are ending their partnership in a joint statement issued by the company Saturday. Rodgers tested positive for Covid-19 earlier this week and is unvaccinated against the virus. He has been a spokesperson for Prevea Health, which is
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By Ramishah Maruf, CNN Business American Airlines is giving flight attendants who work during the holidays a one-time holiday pay premium, the company announced in an internal memo. The increased holiday pay comes after an operational meltdown during Halloween weekend, which forced the airline to cancel thousands of flights partly due to staffing shortages. Flight
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