By Sara Ashley O’Brien, CNN Business After a historic union victory at an Amazon warehouse in New York City earlier this month, a grassroots labor organization is hoping it can notch a second win at a facility just across the street. Hundreds of Amazon employees at a Staten Island sorting facility known as LDJ5 began
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By Anneken Tappe, CNN Business Investors are gearing up for a week of big ticket economic data, including a first look at economic growth between January and March and more inflation numbers. America’s economic activity, measured by gross domestic product, is forecast to have only grown at an annualized pace of 1% in the first
Continue Reading By Anneken Tappe, CNN Business Investors are gearing up for a week of big ticket economic data, including a first look at economic growth between January and March and more inflation numbers. America’s economic activity, measured by gross domestic product, is forecast to have only grown at an annualized pace of 1% in the first
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By Chris Isidore, CNN Business Does the richest person on the planet need another massive pay package? That’s the decision facing the Tesla board of directors. CEO Elon Musk doesn’t receive any cash salary or bonus. He’s paid only with stock options. But he has just about exhausted the options available from the compensation package
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By Ramishah Maruf, CNN Twitter is banning misleading advertisements that go against the scientific consensus of climate change, the company announced on Friday, which was Earth Day. “We believe that climate denialism shouldn’t be monetized on Twitter, and that misrepresentative ads shouldn’t detract from important conversations about the climate crisis,” Twitter said in a blog
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By Brian Fung, CNN European policymakers have reached agreement on a sweeping package of new regulations for tech platforms that could mean big changes in oversight for everything from social media algorithms to digital advertising — and with potential ramifications worldwide. The proposed law, known as the Digital Services Act (DSA), marks the second piece
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By Jackie Wattles, CNN Business The first all-private mission to the International Space Station is slated to complete the final leg of its journey in the next few days, capping off what turned into a longer-than-expected journey after bad weather kept the passengers on the space station for several extra days. The mission, called AX-1,
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By Nathaniel Meyersohn, CNN Business There are around 175,000 white and orange U-Haul rental trucks in the United States and Canada for do-it-yourself movers. And they all have something strange in common: Arizona license plates with the word “apportioned” slapped on them. The reason? An esoteric agreement between the 48 continental US states, Washington DC
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By Rhea Mogul and Simone McCarthy, CNN What a difference a few weeks make. Just last month India was taking flak from the West for its relationship with Russia. Not only was the South Asian country refusing to condemn Moscow’s brutal assault on Ukraine, but its purchases of discounted Russian oil — said critics —
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By Paul R. La Monica, CNN Business Stocks plunged Friday. The Dow fell about 980 points, or 2.8%, following comments about likely aggressive interest rate hikes from Federal Reserve chairman Jerome Powell. A poor earnings outlook from Dow component Verizon didn’t help matters. All 30 stocks in the Dow ended the day lower, led by
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By Alicia Wallace, CNN Business US government data often provides a look at how large swaths of Americans are faring. However, this big-picture approach has often been criticized for leaving out certain groups of people, like Native Americans and members of the LGBTQ+ community, and rendering them practically invisible when it comes to broader policymaking
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By Nathaniel Meyersohn, CNN Business Old Navy has long been the crown jewel of Gap’s otherwise inconsistent businesses. But now, even Old Navy is struggling. And that’s weighing on its parent company in a big way. Gap said Thursday it is replacing Old Navy CEO Nancy Green and launching a search for a new chief
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By Paul R. La Monica, CNN Business Now that some mask and vaccine mandates are being lifted, consumers seem ready to spend on travel and other leisure experiences. Call it the “revenge spending” phenomenon. Airline and hotel stocks have been surging this year thanks in part to a spate of long overdue revenge spending, or
Continue Reading By Paul R. La Monica, CNN Business Now that some mask and vaccine mandates are being lifted, consumers seem ready to spend on travel and other leisure experiences. Call it the “revenge spending” phenomenon. Airline and hotel stocks have been surging this year thanks in part to a spate of long overdue revenge spending, or
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By Nicole Goodkind, CNN Business Storm clouds appear to be gathering over Wall Street, with many analysts saying a downturn is inevitable. But before the party winds down, some expect an explosive pre-crash rally — known as a “melt-up.” Melt-ups usually occur without any obvious economic reason for the gains. They happen when investors buy
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By Simon Bouvier, Xiaofei Xu, Chris Liakos and Anna Cooban, CNN Business France has issued an arrest warrant for Carlos Ghosn, the fugitive auto executive who used to lead Renault-Nissan. The prosecutor’s office in Nanterre, near Paris, confirmed to CNN on Friday that it had issued an international arrest warrant for Ghosn, who now lives
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By Kathryn Vasel, CNN Business If you’re part of the Class of 2022, you’re graduating into a favorable job market. But networking should still play a big role in your search. “It doesn’t matter if the market really isn’t great or flaming hot, people still need to network because that is how you get into
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Opinion by Kapil Parakh for CNN Business Perspectives Almost two decades ago, I was a resident physician working in the Cardiac Intensive Care Unit at Johns Hopkins Bayview when I got word that my mother had been diagnosed with metastatic breast cancer. Despite feeling supported by those in my residency program, my first instinct was
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By Paul R. La Monica, CNN Business investors who have been blindly buying all big techs got a rude awakening this week after Netflix imploded. But the good news from Tesla proves that some top momentum stocks can still thrive in this rocky market. The latest results from Tesla and Netflix show how silly it
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By Julia Horowitz, CNN Business How should policymakers react when two core parts of the economy are headed in different directions? That’s the question facing the Federal Reserve and its international counterparts as they race to contain surging inflation. On one hand, spending on services like flights is booming as people in the United States
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