Money

By Jordan Valinsky, CNN Business Digital orders and drive-thrus are the future of Chipotle. Now, the fast casual chain is designing a restaurant to reflect that. Chipotle is soon opening a new location in Cuyahoga Falls, Ohio that eliminates the dining room and in-person ordering, forcing customers to only order ahead through its app or

By Jordan Valinsky, CNN Business McDonald’s has settled a lawsuit with former CEO Steve Easterbrook, forcing the disgraced executive to repay his severance package of more than $100 million. Easterbrook was fired in 2019 after the fast food giant’s board determined that he violated company policy by demonstrating “poor judgment involving a recent consensual relationship

By Chris Isidore, CNN Business Delta CEO Ed Bastian thinks wearing masks on airplanes is a good idea. The day after Southwest CEO Gary Kelly suggested at a Senate hearing that wearing masks on a plane was not necessary, Bastian said he doesn’t agree. He said masks would be necessary for the foreseeable future. “I

By Jordan Valinsky, CNN Business H&R Block is suing Block, the digital payments company previously known as Square, for trademark infringement. The 65-year-old company said in a press release Thursday that CEO Jack Dorsey’s company “appears to be taking a shortcut to capitalize on the well-known Block moniker.” H&R Block alleged that the change is

By Charles Riley, CNN Business The Bank of England is hiking interest rates in an effort to fight surging prices even as the Omicron variant engulfs the United Kingdom and threatens to put the economy into reverse. The central bank’s Monetary Policy Committee said Thursday that it would raise interest rates from the record low

By Matt Egan, CNN Business Business leaders and former policymakers are sounding the cyber alarm. The JPMorgan International Council on Thursday urged the public and private sector to step up their cybersecurity efforts to combat an increasingly dangerous threat to the economy and national security. The council, which includes JPMorgan CEO Jamie Dimon, Johnson &

By Blake Ellis, CNN The federal government plans to begin sending students at the US Merchant Marine Academy back to sea later this month, resuming a key training program that had been temporarily suspended in the wake of an allegation that a 19-year-old student was raped on a ship. The program was halted early last