By Nathaniel Meyersohn, CNN Business Early in the Covid-19 pandemic, everybody stuck at home tried their hand at cooking. People posted photos of their elaborate dishes on social media with hashtags like #Coronavriuscooking, and baking sales boomed. Almost two years later, people have given up on their dreams of being a celebrity chef. Consumers across
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By Michelle Toh, CNN Business China Mobile is ending the year with a bang. The Chinese telecom giant announced Tuesday that it wants to raise as much as 56 billion yuan ($8.8 billion) on the Shanghai stock exchange after it was forced to quit Wall Street in January. In a filing to the Hong Kong
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By Diksha Madhok and CNN’s Beijing bureau Chinese live-stream shopping influencer Huang Wei, known as Viya, has been hit with a whopping $210 million penalty for tax evasion and kicked off social media. Viya — also known in China as the “live-streaming queen” — was ordered to pay 1.34 billion yuan in back taxes, late
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By Matt Egan, CNN Business Mark Zandi is growing more concerned about the health of the US economy heading into 2022 following the apparent demise of the Build Back Better Act and the rapid spread of Omicron. “With Omicron looming and DC in disarray, risks to the economic recovery next year are not inconsequential and
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After the COVID-19 pandemic has heightened staffing issues in the hospitality industry, some long-time downtown restaurants are closing.
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By Ramishah Maruf, CNN Business California filed a lawsuit against Walmart Monday for allegedly disposing of hazardous waste at a rate of “more than one million items each year,” the state’s Department of Justice announced. The lawsuit alleges Walmart has illegally dumped 159,600 pounds of hazardous waste a year in landfills in the state that
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By Frank Pallotta, CNN Business Spider-Man made even more money than originally projected. “Spider-Man: No Way Home,” the latest movie in the Marvel series, notched a record-breaking opening weekend at the domestic box office by bringing in $260 million, Sony said Monday. That’s up from Sunday’s projections of $253 million, and it’s remarkable in a
Continue Reading By Frank Pallotta, CNN Business Spider-Man made even more money than originally projected. “Spider-Man: No Way Home,” the latest movie in the Marvel series, notched a record-breaking opening weekend at the domestic box office by bringing in $260 million, Sony said Monday. That’s up from Sunday’s projections of $253 million, and it’s remarkable in a
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By Chris Isidore, CNN Business Elon Musk says his tax bill this year will be $11 billion, and he’s probably right: The filings he has made with the Securities and Exchange Commission about his recent stock trades back up that massive number. Musk revealed the $11 billion total in a tweet Sunday that was otherwise
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By Jordan Valinsky, CNN Business Procter & Gamble has recalled more than 30 aerosol spray haircare products, including many dry shampoos and dry conditioners, warning that the products could contain benzene, a cancer-causing agent. The affected items include assorted Pantene, Herbal Essences, Hair Food, Old Spice and Aussie products, according to Friday’s recall notice, which
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By Kerry Flynn, CNN Business Jim Cramer announced on CNBC Monday he had tested positive for Covid-19. While holding up three Abbott BinaxNOW tests on air from his home studio where he is isolating, Cramer said on CNBC’s “Squawk on the Street” that he tested positive on Thursday evening after taking a test earlier in
Continue Reading By Kerry Flynn, CNN Business Jim Cramer announced on CNBC Monday he had tested positive for Covid-19. While holding up three Abbott BinaxNOW tests on air from his home studio where he is isolating, Cramer said on CNBC’s “Squawk on the Street” that he tested positive on Thursday evening after taking a test earlier in
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By Kathryn Vasel, CNN Business This year didn’t go as planned for employers. With the introduction of vaccines in late 2020, many were hoping for a return to something resembling normalcy in 2021. But instead they grappled with delayed re-openings, vaccine mandates and mask guidance, employee safety and hiring and retention struggles as the pandemic
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By Jordan Valinsky, CNN Business Papa Johns is tossing up a New York-inspired pizza nationwide. Beginning December 27, the chain is rolling out its take on a New York-style pizza that features “eight oversized, foldable slices with just the right balance of crust and toppings.” The city’s pizzas are known to be bigger than average
Continue Reading By Kathryn Vasel, CNN Business This year didn’t go as planned for employers. With the introduction of vaccines in late 2020, many were hoping for a return to something resembling normalcy in 2021. But instead they grappled with delayed re-openings, vaccine mandates and mask guidance, employee safety and hiring and retention struggles as the pandemic
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By Charles Riley, CNN Business The outlook for the American economy is suddenly much darker. Investors around the world sold stocks and oil prices dropped sharply on Monday as Omicron cases surged and governments imposed anti-virus measures that could hamper economic growth. But the US faces a second potential blow after Sen. Joe Manchin, a
Continue Reading By Charles Riley, CNN Business The outlook for the American economy is suddenly much darker. Investors around the world sold stocks and oil prices dropped sharply on Monday as Omicron cases surged and governments imposed anti-virus measures that could hamper economic growth. But the US faces a second potential blow after Sen. Joe Manchin, a
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By Mark Thompson, CNN Business Investors hoping for an easy Christmas week could be sorely disappointed as stocks and oil prices slid in the face of growing threats to the global economy. In the US the Dow fell more than 430 points, or 1.2%, on Monday. The S&P 500 was down 1.1% while the tech-heavy
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By Laura He, CNN Business China’s central bank cut its main interest rate for the first time in 20 months, as authorities step up efforts to boost an economy that has been hit by pandemic-related curbs, a real estate slump and an unprecedented crackdown on private enterprises. The People’s Bank of China on Monday lowered
Continue Reading By Mark Thompson, CNN Business Investors hoping for an easy Christmas week could be sorely disappointed as stocks and oil prices slid in the face of growing threats to the global economy. In the US the Dow fell more than 430 points, or 1.2%, on Monday. The S&P 500 was down 1.1% while the tech-heavy
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