By Peter Valdes-Dapena, CNN Business Mercedes’ AMG performance division is most famous for making hand-built gasoline engines, but times are changing and electric motors are the new thing. Mercedes just unveiled its latest AMG model, the Mercedes-AMG EQE, a fully electric high-perfomance mid-size sedan. With two high-output electric motors engineered specifically for AMG — one
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By Jordan Valinsky, CNN Business More people than ever participated in Dry January this year, but they didn’t totally ditch the bottle. According to surveys from CGA, a food and drink research firm, 35% of legal-aged US adults skipped alcohol for the entire month — a trend that’s growing in popularity as drinkers look to
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By Anneken Tappe and Nathaniel Meyersohn, CNN Business Inflation is rampant in the pandemic economy, but that didn’t keep Americans from opening up their wallets last month. US retail sales rose by 3.8% in January from the month prior, adjusted for seasonal swings — more than the 2% increase economists had predicted. That puts the
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By Brian Fung, CNN Two US senators are pushing to curb the potentially harmful impacts of social media on young people with a new bill targeting tech platforms’ handling of content surrounding issues such as eating disorders, substance abuse and suicide. The new bipartisan legislation, known as the Kids Online Safety Act, was introduced Wednesday
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By Chris Isidore, CNN Business Gas in California hit a record high of $4.72 a gallon on average on Wednesday — and experts say a whopping $5 a gallon will likely be the norm there in a matter of months, if not sooner. This isn’t just an issue for West Coasters: Some of the factors
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By Julia Horowitz, CNN Business Wall Street is convinced it’s discovered the future of Silicon Valley. But early bets on the “metaverse” are running into some turbulence. What’s the metaverse? It’s a virtual world in which people hang out, attend meetings and play games as avatars. It’s generating tons of buzz. But shares of video
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By Jordan Valinsky, CNN Business Here’s more proof that the house always wins: In 2021, America’s gaming industry had its highest-grossing year ever. Again. The industry rolled in $53 billion in revenue last year — breaking the previous industry record by more than 20% registered in 2019, according to the American Gaming Association. Last year’s
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By Matt Egan, CNN Business Russia’s invasion of Ukraine is happening thousands of miles away from the closest major US city. And yet millions of American families will feel the economic consequences. That’s because the world economy and financial markets are interconnected. As Covid demonstrated, events on one side of the planet can set off
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By Matt Egan, CNN Business The Russia-Ukraine crisis is taking place thousands of miles away from the closest major US city. And yet millions of American families would feel the economic consequences of a full-blown conflict. That’s because the world economy and financial markets are interconnected. As Covid demonstrated, events on one side of the
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By Swati Gupta and Rhea Mogul, CNN Indian actor and activist Deep Sidhu, who backed the country’s year-long farmer’s movement, died in a car crash Tuesday, according to police officials. He was 37. Sidhu’s car crashed into the rear end of a truck in the northern state of Haryana, senior official of Sonipat Police, Virender
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By CNN’s Beijing bureau and Michelle Toh, CNN Business Starbucks is facing its second controversy in China in two months, over what the coffee giant has described as a “misunderstanding” between its staff and a police officer. The incident unfolded on Sunday, when the beverage chain said that four police officers visited one of its
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By Swati Gupta and Rhea Mogul, CNN Indian singer and composer, Bappi Lahiri, who lent his talent to Indian cinema for nearly 50 years, died late Tuesday in Mumbai, according to a statement from his doctor. He was 69. “Bappi Lahiri was suffering from obstructive sleep apnea (OSA) and recurrent chest infection,” Dr. Deepak Namjoshi
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By Brian Stelter, CNN Business Nearly two weeks after CNN president Jeff Zucker was forced out of his position, his former lieutenant Allison Gollust has also resigned from the company. In a memo to staffers Tuesday evening, WarnerMedia CEO Jason Kilar said Gollust resigned after an investigation “into issues associated with” former CNN anchor Chris
Continue Reading By Brian Stelter, CNN Business Nearly two weeks after CNN president Jeff Zucker was forced out of his position, his former lieutenant Allison Gollust has also resigned from the company. In a memo to staffers Tuesday evening, WarnerMedia CEO Jason Kilar said Gollust resigned after an investigation “into issues associated with” former CNN anchor Chris
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By Chris Isidore, CNN Business The effort to unionize Starbucks workers is one of the country’s most closely-watched labor organizing drives in years. On Wednesday, that effort was temporarily put on hold. Just as votes by up to 43 workers at a Starbucks in Mesa, Arizona were due to be counted by the National Labor
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By Sonia Moghe, CNN The New York Times has prevailed in defending itself against a defamation lawsuit brought by Sarah Palin after jurors found she had not proven her case. The jury of nine, which had been deliberating since Friday afternoon, found the Times not liable for defamation against Palin. Unbeknownst to them, during deliberations,
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By Frank Pallotta, CNN Business “Paramount.” That’s the new name of ViacomCBS, the company announced on Tuesday. The new name will take effect on February 16 as the company celebrates Paramount+ — its streaming service, which launched roughly a year ago. “An iconic global company deserves an iconic global name. One that reflects the power
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By Jackie Wattles, CNN Business Virgin Galactic is reopening sales of its $450,000 tickets that get customers a 90-minute joyride aboard an air-launched rocket that brushes the edge of space. The company already has about 600 reservations from its first round of ticket sales, which priced a trip to suborbital space at about $200,000 to
Continue Reading By Sonia Moghe, CNN The New York Times has prevailed in defending itself against a defamation lawsuit brought by Sarah Palin after jurors found she had not proven her case. The jury of nine, which had been deliberating since Friday afternoon, found the Times not liable for defamation against Palin. Unbeknownst to them, during deliberations,
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By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Fox’s obsession with Hillary Clinton is only growing more fierce. The right-wing talk channel, which has in recent days dishonestly twisted a court filing from special counsel John Durham to
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