By Clare Duffy, CNN Business On any given day, you might receive a package you ordered from Amazon, log onto a website hosted by Amazon, ask an Amazon device about the weather and grab groceries at a Whole Foods owned by Amazon. Amazon is more than just the “everything store.” It’s become something of an
Continue Reading
By Diksha Madhok, CNN Business US lawmakers are piling pressure on major American corporate sponsors of the 2022 Winter Olympics in Beijing as tensions between the United States and China over human rights and other issues remain high. A bipartisan committee of US politicians questioned representatives from Airbnb, Coca-Cola, Intel, Visa and Procter & Gamble
Continue Reading
By Chris Isidore, CNN Business Boeing returned to profitability in the second quarter, posting net income for the first time since the start of the Covid-19 pandemic last year, a recovery that will save 10,000 jobs at the company. Boeing earned $567 million in the quarter, compared to a $2.4 billion loss a year earlier.
Continue Reading
By Julia Horowitz, CNN Business A rapid shift to digitization due to Covid-19 has handsomely benefited the world’s biggest tech companies. Yet even as the pandemic eased, they still minted record sums of money. What’s happening: Yesterday’s “Before the Bell” focused on how Tesla celebrated earning more than $1 billion last quarter. Amazon, Google parent
Continue Reading
By Danielle Wiener-Bronner, CNN Business McDonald’s celebrity meal strategy and revamped chicken sandwich lineup is working. Sales at US stores open at least 13 months jumped 25.9% in the past quarter, which ended on June 30, beating analysts’ expectations. Sales at those stores grew 14.9% compared to the same period in 2019, before the pandemic.
Continue Reading
Walmart is expanding its academic program to pay the full college tuition and book costs for its US workers at 10 partner schools.
Continue Reading
By Matt Egan, CNN Business The White House and the Federal Reserve broadly agree: Inflation isn’t here to stay. Red-hot prices will cool off as the US economy reopens. Most economists seem to concur that inflation is “transitory,” as the Fed puts it. Investors aren’t freaking out either about the biggest price hikes since 2008.
Continue Reading
By Michelle Toh, CNN Business Chinese state media is urging investors to stay calm following a brutal stock market sell-off this week that has wiped out hundreds of billions of dollars in value. Chinese state-run newspaper Securities Times published a commentary Wednesday acknowledging the “changes in policy for certain industries” after a market rout on
Continue Reading
Nowhere is the gaming industry growing faster than the Middle East, and Dubai-based PLG is producing gaming tournaments, talk shows and livestreams for the region.
Continue Reading
By Rishi Iyengar, CNN Business Activision Blizzard’s CEO Bobby Kotick admitted that the gaming company’s response to a California discrimination lawsuit was “tone deaf” amid a growing employee backlash and accusations of a “frat boy” work culture. “Every voice matters — and we will do a better job of listening now, and in the future,”
Continue Reading
CNN’s Brian Stelter takes a look at how One America News and other conservative outlets covered the January 6th hearing on the attack at the Capitol.
Continue Reading
By Clare Duffy, CNN Business More than 14 years after they were first introduced, iPhones are still very much in demand. Apple on Tuesday announced a massive earnings beat for the three months ended June 26, thanks to a nearly 50% year-over-year jump in iPhone sales to $39.6 billion. The company posted total quarterly revenue
Continue Reading
By Rishi Iyengar, CNN Business This time last year, Google was starting to feel the early pandemic slump as large parts of the global economy shut down. On Tuesday, the company showed just how far it’s come since. Google’s parent company Alphabet reported revenue of $61.9 billion for the quarter ended June 30, a staggering
Continue Reading In an interview with Bill O’Reilly, former President Donald Trump said he would sit for a deposition in his lawsuit against Facebook, Twitter and Google for banning him after the January 6 Capitol insurrection. CNN’s Jim Acosta and former Nixon White House counsel John Dean discuss.
Continue Reading
By Matt Egan, CNN Business Regulators are investigating the fact that Robinhood CEO Vlad Tenev is not licensed by FINRA, Wall Street’s powerful self-regulator, the online trading platform announced Tuesday. News of the probe comes more than five months after CNN Business reported that Tenev, the public face of Robinhood, is not registered with FINRA,
Continue Reading
In an exclusive interview with CNN’s Richard Quest, IMF Managing Director Kristalina Georgieva discusses how vaccine inequality is widening the gap between the poorest and richest nations.
Continue Reading By Brian Stelter, CNN Business While viewers of other TV channels heard House Democrats denouncing the “whitewashing” of the January 6 attack, One America News viewers witnessed the whitewashing first-hand. On OAN, Tuesday’s select committee hearing about the insurrection barely happened at all. The channel’s poorly-produced programs avoided the substance of the hearing; slipped in
Continue Reading Capitol Officer Michael Fanone describes the danger he encountered at the hands of the Pro-Trump mob that breached the US Capitol on January 6 during the House select committee hearing.
Continue Reading
By Moira Ritter, CNN Business The United States has sold the only physical copy ever made of the Wu-Tang Clan album “Once Upon a Time in Shaolin” after federal authorities seized it from former pharmaceutical executive Martin Shkreli, who was convicted of fraud in 2017. The Justice Department did not disclose who bought the album
Continue Reading In his first TV interview since leaving Facebook, former vice president of partnerships strategy Brian Boland reacts to President Biden’s statement that the platform is “killing people.” He says he quit Facebook partly because the company wasn’t doing enough to understand what it has built. “It can impact communities large and small in ways that we don’t understand,” he says.
Continue Reading