By Chris Isidore, CNN The 7,000 nurses who went on strike in New York Monday say the 19% pay hike that hospital management offered them was never the main issue. “We are not out here for wages. We are out here because we want the patients’ safety,” said Lorena Vivas, a nurse at Mount Sinai
Continue Reading By Paul R. La Monica, CNN It’s only early January, but so far in 2023 the pendulum on Wall Street has swung (to paraphrase Billy Joel) from sadness to euphoria. Stocks are off to a solid start following last year’s dismal performance. Even though the Dow fell more than 110 points, or 0.3%, to close
Continue Reading By Samantha Murphy Kelly, CNN Business Seattle’s public school system on Friday filed a lawsuit against several Big Tech companies alleging their platforms have a negative impact on students’ mental health and claiming that has impeded the ability of its schools “to fulfill its educational mission.” The lawsuit was filed against the parent companies of
Continue Reading By Pete Muntean Federal regulators want to know what Elon Musk meant in a Tweet about disabling driver alerts on Tesla’s “Full Self Driving” driver assist system. The National Highway Traffic Safety Administration confirmed Monday that it is in contact with Tesla about Musk’s tweet in which he “agreed” that Tesla drivers should be allowed
Continue Reading By Anna Cooban, Jackie Wattles, Tom Foreman, and Ross Levitt CNN Virgin Orbit’s modified Boeing 747 jet — dubbed “Cosmic Girl” — took off Monday from Newquay in England’s Cornwall county, 245 miles west of London, in a first launch for the country from UK soil. But nearly two hours after the plane left the
Continue Reading By Parija Kavilanz, CNN Disgraced former McDonald’s CEO Steve Easterbrook will pay $400,000 to settle charges that he allegedly misled investors about the circumstances of his 2019 firing following a relationship with an employee. According to the Securities and Exchange Commission, McDonald’s fired Easterbrook for “engaging in an inappropriate personal relationship with a McDonald’s employee
Continue Reading By Brian Fung, CNN US farmers will have the right to repair tractors and other agricultural equipment from John Deere without having to use the manufacturer’s own parts and facilities, under an agreement the company signed Sunday with farm industry representatives. The agreement marks a major victory for farmer and consumer advocacy groups, who have
Continue Reading By Catherine Thorbecke, CNN Shortly before Thanksgiving, Amazon CEO Andy Jassy confirmed rumors that layoffs had begun in multiple departments at the e-commerce giant and said it would review staffing needs into the new year. On Wednesday, Jassy provided a sobering update on that review: Amazon is cutting more than 18,000 jobs, nearly double the
Continue Reading By Chris Boyette and Artemis Moshtaghian, CNN A nurses strike at two private New York City hospital systems has come to an end after 7,000 nurses spent three days on the picket line. The New York State Nurses Association union reached tentative deals with Mount Sinai Health System and Montefiore Health System, which operates three
Continue Reading By Samantha Murphy Kelly and Jennifer Korn, CNN A long list of companies once again showed off an assortment of cutting edge technology and oddball gadgets at the Consumer Electronics Show in Las Vegas last week. There were new twists on foldable devices, cars that changed colors and smart ovens that live streamed dinners. There
Continue Reading By Samantha Murphy Kelly and Jennifer Korn, CNN A long list of companies once again showed off an assortment of cutting edge technology and oddball gadgets at the Consumer Electronics Show in Las Vegas last week. There were new twists on foldable devices, cars that changed colors and smart ovens that live streamed dinners. There
Continue Reading By Samantha Murphy Kelly and Jennifer Korn, CNN A long list of companies once again showed off an assortment of cutting edge technology and oddball gadgets at the Consumer Electronics Show in Las Vegas last week. There were new twists on foldable devices, cars that changed colors and smart ovens that live streamed dinners. There
Continue Reading By Wayne Chang and Michelle Toh, CNN Workers at a Chinese factory making Covid-19 test kits clashed with police over the weekend after their managers apparently told them to go on vacation early, a move that effectively terminated their employment without notice, according to social media posts and videos reviewed by CNN. Online footage showed
Continue Reading By Jordan Valinsky, CNN Former World Wrestling Entertainment chief executive Vince McMahon is returning to the company as a board member, after a six-month hiatus following a hush money and sexual harassment scandal. WWE on Friday confirmed McMahon’s return, also announcing in a press release that it “intends to undertake a review of its strategic
Continue Reading By Nicole Goodkind, CNN Business Stocks soared on Friday to their best day in more than a month. The Dow gained 700 points and the S&P 500 and Nasdaq rose by 2.3% and 2.6% respectively, as traders bet that a slowdown in wage growth could mean that inflation may finally be cooling off. But the
Continue Reading By Julia Horowitz, CNN Goldman Sachs will lay off as many as 3,200 employees this week as an uncertain economic and market climate pushes the bank to hunt for cost savings, according to a person familiar with the matter. More than a third of the job cuts are expected to be from the firm’s trading
Continue Reading By Hanna Ziady, CNN British nurses and ambulance drivers will press on with more strikes in a dispute over pay after talks with the government failed to produce a breakthrough on Monday. The Royal College of Nursing (RCN), which represents close to half a million nurses, midwives and health care assistants described the talks as
Continue Reading By Emiko Jozuka, Kathleen Benoza and Michelle Toh, CNN Japan is grappling with the biggest drop in living standards in nearly a decade as inflation continues to soar. The world’s third largest economy reported its worst real-wage decline in more than eight years on Friday, a day after its leader asked businesses to hike workers’
Continue Reading By Laura He, CNN China’s heavy-handed crackdown on tech giants is coming to an end and the country’s economic growth is expected to be back on track soon, according to a top central bank official. The crackdown on fintech operations of more than a dozen internet companies is “basically” over, said Guo Shuqing, the Communist
Continue Reading By Laura He, CNN China’s heavy-handed crackdown on tech giants is coming to an end and the country’s economic growth is expected to be back on track soon, according to a top central bank official. The crackdown on fintech operations of more than a dozen internet companies is “basically” over, said Guo Shuqing, the Communist
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