Opinion by Mark Zandi for CNN Business Perspectives We can’t catch a break. Since the Covid-19 pandemic struck in the spring of 2020, the United States has suffered hundreds of thousands of deaths due to the virus and lost millions of jobs. There was much hope the pandemic would soon be behind us when the
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By Rishi Iyengar, CNN Business Apple plans to give customers the ability to repair their own devices amid growing pressure from regulators and consumers around the world for manufacturers to ease restrictions on fixing products. The company on Wednesday announced a new program that will make spare parts for Apple products available to purchase starting
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By Dalal Mawad, CNN Decathlon says it will stop selling kayaks in some stores in northern France in a bid to prevent migrants using them to make the dangerous sea crossing to England. The French sports equipment company said it would stop selling the small boats in stores in the seaside cities of Calais and
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By Julia Horowitz, CNN Business Heading into the all-important holiday shopping season, investors have been nursing a big concern: Will supply chain issues lead to empty shelves, making it impossible for retailers to take advantage of huge demand for toys, appliances and other items as the economy recovers from the pandemic? The answer appears to
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By Jordan Valinsky, CNN Business In a sign of the times, Los Angeles’ Staples Center is switching its name to Crypto.com Arena. The 20-year naming rights agreement, announced Tuesday by arena owner AEG, marks an end of an era. The Staples Center has held that name since the 20,000-seat facility opened in 1999 and is
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By Danielle Wiener-Bronner, CNN Business If you’ve been noticing emptier shelves when shopping for Thanksgiving, you’re not alone. But you won’t have to cancel Thanksgiving. In the week ending November 7, retailers were running lower on stock of essential Thanksgiving items compared to the same time last year, according to IRI, a market research firm
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By Mark Thompson, CNN Business Britain looks set to become the first major economy to hike interest rates since the Covid-19 pandemic began after inflation data showed prices rising at the fastest rate in a decade. Driven by higher energy and transport costs, the UK Consumer Prices Index rose by 4.2% in the year to
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By Rhea Mogul, CNN A comedian’s powerful monologue addressing some of India’s most sensitive issues including rape and farmers’ protests has split opinion in the country, with right-wing activists calling for his arrest while supporters rally to his defense. Comedian Vir Das performed “I come from two Indias” — a speech chronicling what he perceives
Continue Reading By Rhea Mogul, CNN A comedian’s powerful monologue addressing some of India’s most sensitive issues including rape and farmers’ protests has split opinion in the country, with right-wing activists calling for his arrest while supporters rally to his defense. Comedian Vir Das performed “I come from two Indias” — a speech chronicling what he perceives
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By Laura He, CNN Business Evergrande chairman Xu Jiayin has sold more than 7 billion yuan ($1.1 billion) worth of personal assets to prop up his embattled company, Chinese state media reported this week. Xu has sold several houses in Hong Kong, Guangzhou and Shenzhen, as well as some private jets, the state-owned China Business
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By Steven Jiang, CNN Business The United States and China have agreed to relax visa restrictions on each other’s journalists, according to officials from both countries. The deal addresses one source of contention in strained bilateral ties following a lengthy virtual meeting between Presidents Joe Biden and Xi Jinping on Monday. Under the agreement, the
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By Sara Smart and Justin Lear, CNN As the holiday season approaches and many across the US are setting up their Douglas firs, white pines or spruce trees in the house, the US Consumer Product Safety Commission (CPSC) has sent out an alarming warning. The CPSC took to Twitter Saturday, posting a striking image of
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The event will provide financial assistance in the training and placement for those looking to become truck drivers.
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By Rishi Iyengar, CNN Business Activision Blizzard confronted its second employee walkout in less than six months after a report raised new questions about CEO Bobby Kotick’s knowledge of longstanding and widespread sexual harassment and discrimination allegations at the video game company. More than 100 Activision Blizzard employees staged a walkout on Tuesday calling for
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By Parija Kavilanz, CNN Business Stores are having trouble quickly restocking baby formula onto shelves, as serious supply chain problems persist across the globe. Drug store chain Walgreens, which operates more than 9,000 locations across the United States, said demand for infant formula is increasing nationwide at the same time that its suppliers are struggling
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By Frank Pallotta, CNN Business Netflix leads the streaming world with 213 million subscribers. Now the company is making it easier to see what they are watching. The platform is launching “Top 10 on Netflix,” a new stand-alone website that will showcase weekly global numbers for its most popular and bingeable content, the company announced
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By Matt Egan, CNN Business Baseball’s newest superstar is lending his global celebrity status to one of the fastest-growing brands in the crypto world. On the heels of an historic season, Los Angeles Angels phenom Shohei Ohtani is joining cryptocurrency exchange FTX as a global ambassador and taking a stake in the company, FTX told
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By Alicia Wallace, CNN Business In the search for workers in this tight labor market, companies have courted new hires with the promise of higher wages, sign-on bonuses, ample vacation time, and childcare. The latest: “No vaccine required.” That three-word phrase is popping up across online job listings (sometimes emphatically in all caps and accompanied
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By Jordan Valinsky, CNN Business Restaurant drive-thrus have become too popular for their own good. Kentucky Fried Chicken wants its customers to ditch them. The chicken chain has created a new way for people to collect their orders, called Quick Pick-Up. Customers who want to use the new option can order ahead on its app
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By Paul R. La Monica, CNN Business The stock market is booming. Unicorn startups are going public at a record clip. And many big companies are feeling the urge to merge. So it should come as no surprise that Wall Street bankers are expected to get big increases in their bonus checks this year. Compensation
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