By Julia Horowitz, CNN Business Estimating just how catastrophic climate change will be for the global economy has historically proven challenging. But this summer, it’s increasingly evident how quickly costs can pile up. Extreme heat and drought conditions are battering the United States, Europe and China, compounding problems for workers and businesses at a time
Continue Reading By Laura He, CNN Business China’s economic growth forecasts have been downgraded further by major investment banks, as the country grapples with its worst heatwave in 60 years. The extreme weather comes at a time when the world’s second largest economy is already slowing because of strict Covid-19 lockdowns and a real estate crisis. The
Continue Reading By Rhea Mogul and Manveena Suri, CNN A judge in southern India has ruled a woman wore “provocative” clothing, effectively dismissing her sexual assault complaint, causing public outcry in the country, where violence against women and girls make frequent headlines. The district court judge in Kerala state made the comments last week while granting anticipatory
Continue Reading By Vanessa Yurkevich, CNN Business Nearly three quarters of US farmers say this year’s drought is hurting their harvest — with significant crop and income loss, according to a new survey by the American Farm Bureau Federation, a lobbying group that represents agricultural interests. This year’s drought conditions are taking a harder toll than last
Continue Reading By Peter Valdes-Dapena, CNN Business Dodge, famous for offering cars with big and powerful V8 engines, is phasing out some of its iconic, gas-powered muscle cars in favor of electric power. To ease fans into this new era, the company has opted to mimic some muscle car sensations — including shifting gears and a loud
Continue Reading By Brian Fung, CNN Amazon is fighting the US government’s attempt to question its founder, Jeff Bezos, and its CEO, Andy Jassy, as part of a year-long investigation into whether the e-commerce giant has illegally pushed Amazon Prime and other subscription services onto consumers. In a filing to the Federal Trade Commission dated August 5
Continue Reading By Chris Isidore, CNN Business Strippers at the Star Garden Topless Dive Bar in North Hollywood, California, have filed with the National Labor Relations Board seeking to join the Actors Equity Association, a union of performers and other show business professionals. “We like what we do. We would like our jobs even more if we
Continue Reading By Laura Ly, CNN Walmart, CVS, and Walgreens must pay a combined $650.6 million to two Ohio counties for damages related to the opioid crisis, a federal judge ruled Wednesday. US District Judge Dan Aaron Polster ruled that over the next 15 years, approximately $306.2 million must be paid to Lake County and approximately $344.4
Continue Reading By Jackie Wattles, CNN Business A spacewalk was cut short just a few hours into what was intended to be a nearly seven-hour spacewalk after a Russian cosmonaut was repeatedly ordered to drop what he was working on and return to the International Space Station’s airlock because of an issue with his spacesuit. NASA officials
Continue Reading By Chris Isidore, CNN Business The union that was the first to win a representation vote at an Amazon facility has filed for an election among about 400 employees at another Amazon distribution center. The facility is in suburban Albany, New York. The National Labor Relations Board, which oversees union representation votes, has confirmed the
Continue Reading By Paul R. La Monica, CNN Business Dollar stores, as their name suggests, offer inexpensive products for bargain-hungry shoppers. But even Dollar General and Dollar Tree, which have thrived this year as rampant inflation has helped boost sales, are starting to feel the pinch of a slowing economy. Dollar General and Dollar Tree both reported
Continue Reading By Matt McFarland, CNN Business The newly signed Inflation Reduction Act will have big implications for electric vehicle buyers. Some popular electric vehicles may become eligible for a tax credit once again, while other cars that were eligible this month will not be for the foreseeable future. Here’s what you need to know as a
Continue Reading By Jackie Wattles, CNN Business A spacewalk was cut short just a few hours into what was intended to be a nearly seven-hour spacewalk after a Russian cosmonaut was repeatedly ordered to drop what he was working on and return to the International Space Station’s airlock because of an issue with his spacesuit. NASA officials
Continue Reading By Jeanne Sahadi, CNN Business It’s been a tough year for crypto investors as they’ve watched the price of their digital assets plummet. Bitcoin, for example, is trading about 65% off its all-time high, which it hit only nine months ago. If you bought a cryptocurrency when it was on the rise and sold your
Continue Reading By Matt Egan, CNN Business US natural gas prices have skyrocketed to levels unseen since 2008, a spike that threatens to offset the benefits of falling prices at the gas pump. Natural gas futures surged 7% on Tuesday to close at $9.33 per million British thermal unit (BTU), the highest closing price since August 1,
Continue Reading By Vanessa Yurkevich, CNN Business Nearly three quarters of US farmers say this year’s drought is hurting their harvest — with significant crop and income loss, according to a new survey by the American Farm Bureau Federation, a lobbying group that represents agricultural interests. This year’s drought conditions are taking a harder toll than last
Continue Reading By Jennifer Korn, CNN Business Weeks after Airbnb said it would permanently ban parties at properties rented through its platform, the company is deploying so-called “anti-party technology” in the United States and Canada to help enforce the measure. The new system analyzes a variety of factors, according to a company announcement Tuesday, including previous reviews,
Continue Reading By Jordan Valinsky, CNN Business The Girl Scouts are adding a new, raspberry-flavored cookie to the lineup. The Raspberry Rally, described in a release as a “sister” cookie to the iconic Thin Mints, replaces the mint filling with a raspberry-flavored one. It’s dipped in the “same delicious chocolaty coating” as its sibling. For the first
Continue Reading By Jordan Valinsky, CNN Business The Girl Scouts are adding a new, raspberry-flavored cookie to the lineup. The Raspberry Rally, described in a release as a “sister” cookie to the iconic Thin Mints, replaces the mint filling with a raspberry-flavored one. It’s dipped in the “same delicious chocolaty coating” as its sibling. For the first
Continue Reading By Jordan Valinsky, CNN Business With football season approaching, Buffalo Wild Wings is adding a new menu item that’s all but synonymous with the sport: pizza. For the first time, the sports bar chain is adding pizza to its menu -— with a unique spin. Buffalo Wild Wings pizzas, available beginning Wednesday for $9.99, feature
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