By Gabe Cohen, CNN From city centers to rural communities, many US child care providers are raising the price of tuition to combat inflation, adding yet another strain for families. At KidzStuff Childcare Center in Baltimore, the cost of food, rent, power and supplies is soaring. CEO Angela Kidane has raised her staff’s salaries by
Continue Reading By Gabe Cohen, CNN From city centers to rural communities, many US child care providers are raising the price of tuition to combat inflation, adding yet another strain for families. At KidzStuff Childcare Center in Baltimore, the cost of food, rent, power and supplies is soaring. CEO Angela Kidane has raised her staff’s salaries by
Continue Reading By Catherine Thorbecke, CNN Business Amazon Prime members in the United States can now get free meal deliveries through Grubhub as part of a growing business partnership between the two companies. The deal, announced Wednesday, will give Amazon’s paying subscribers the option to sign up for a free one-year Grubhub+ membership (normally $9.99 a month)
Continue Reading By Sean Lyngaas, CNN Business Apple on Wednesday said it will release a new feature this fall for iPhone, Mac and iPad operating software that is designed to protect high-risk users such as journalists and human rights workers from sophisticated spyware that has been linked to human rights abuses. It’s one of the biggest steps
Continue Reading By Tami Luhby, CNN The corporate rush to cover employees’ abortion-related travel expenses following the Supreme Court’s decision to allow states to ban or severely restrict abortion has sparked a big question: Will the boss find out if you use the benefit? The answer is typically no, especially if the reimbursement is handled by your
Continue Reading By Tami Luhby, CNN The corporate rush to cover employees’ abortion-related travel expenses following the Supreme Court’s decision to allow states to ban or severely restrict abortion has sparked a big question: Will the boss find out if you use the benefit? The answer is typically no, especially if the reimbursement is handled by your
Continue Reading By Tami Luhby, CNN The corporate rush to cover employees’ abortion-related travel expenses following the Supreme Court’s decision to allow states to ban or severely restrict abortion has sparked a big question: Will the boss find out if you use the benefit? The answer is typically no, especially if the reimbursement is handled by your
Continue Reading By Matt McFarland, CNN Business The Boring Company has launched a way for customers to pay for rides on Loop, its Las Vegas transit system, with the cryptocurrency Dogecoin. Loop consists of passengers traveling in Tesla vehicles that are driven by humans at about 35 mph, a significantly scaled-down version of founder Elon Musk’s original
Continue Reading By Catherine Thorbecke, CNN Business Two years after then-President Donald Trump said he would ban TikTok in the United States through an executive order, the short-form video platform is once again under scrutiny in Washington. And the underlying issue remains largely the same: TikTok’s ties to China through its parent company, Bytedance. A growing number
Continue Reading By Brian Fung, CNN Top lawmakers on the Senate Intelligence Committee called for a Federal Trade Commission probe of TikTok on Tuesday, amid allegations the social media company has made “repeated misrepresentations” to Congress and others on its data security practices. In a letter to FTC Chair Lina Khan, Sens. Mark Warner and Marco Rubio,
Continue Reading Opinion by Charles K. Whitehead for CNN Business Perspectives In the startup world, pushing regulatory limits to promote a new business is often seen as “entrepreneurial” or “disruptive.” But breaking securities laws, as Elon Musk has allegedly done, is something different. It’s well known that Musk has a strained history with the Securities and Exchange
Continue Reading By Brian Fung, CNN The UK competition regulator on Wednesday announced the launch of an antitrust investigation into Microsoft’s proposed $68.7 billion acquisition of video gaming giant Activision Blizzard. The probe into what would be Microsoft’s biggest acquisition in its history will focus on whether the deal may substantially lessen competition — or create expectations
Continue Reading By Nicole Goodkind, CNN Business If you’re reading this it means you’ve made it through the worst first half of a year for US stocks in more than 50 years. Congratulations. Welcome to the second half, where any hope of relaxation has been dashed by nonstop talk of the US economy possibly slipping into recession.
Continue Reading By Peter Valdes-Dapena, CNN Business Rivian, the Amazon-backed electric truck and van maker, already has an award winning pickup in production, the R1T. Now it’s coming out with an SUV, the Rivian R1S, that has all the good points of the Rivian pickup but with the added benefits of a fully enclosed body, including a
Continue Reading By Alicia Wallace, CNN Business Buy Now, Pay Later installment plans have become popular among consumers seeking to spread out the cost of big-ticket purchases. But now, rising prices have some cash-strapped shoppers reaching for these alternative payment methods for everyday purchases, such as their daily coffee, gas station fill-up or grocery run, as well.
Continue Reading By Michelle Toh, CNN Business Ben & Jerry’s is suing its parent company in an attempt to cancel the sale of its business in Israel to a local partner that would continue to distribute its products in the West Bank. The Vermont-based ice cream maker filed a complaint Tuesday in the US District Court in
Continue Reading By Diksha Madhok, CNN Business Twitter has mounted its first legal challenge to the Indian government over official orders to take down content. The social media company has had a tough time in India since last year, spending months locked in a high-stakes standoff with the government of Prime Minister Narendra Modi over freedom of
Continue Reading By Nicole Goodkind, CNN Business US Stocks plummeted in early Tuesday trading as investors’ concerns of recession grew, but rebounded in the afternoon to close flat for the day. The Dow fell by about 130 points, or 0.4%, after being down nearly 700 points earlier in the day The S&P 500 gained 0.2% after dropping
Continue Reading By Julia Horowitz, CNN Business When the latest data on consumer prices in the United States landed Wednesday, the headline number was ugly. Inflation surged to 9.1% in June, according to data from the Bureau of Labor Statistics. That was higher than economists polled by Refinitiv were forecasting. It was also much higher than the
Continue Reading By Alicia Wallace and Chris Isidore, CNN For the first time in nearly two months, crude oil prices have fallen below $100 a barrel, reflecting investors’ growing concerns about a US recession that could crimp demand for oil. The price of West Texas Intermediate crude tumbled as much as 10% Tuesday, to hit a low
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