By Anneken Tappe, CNN Business America’s latest report on unemployment benefits is proof that the US jobs recovery is still in full-swing. The average number of weekly jobless benefits claims over the past four weeks fell to 199,250. That’s the lowest four-week moving average since October 1969, the Labor Department reported Thursday. Last week alone,
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Opinion by Bill Carter for CNN Business Perspectives ‘Tis the season; but there aren’t many reasons to be jolly. The pandemic is back, not that it ever really left. Headlines are again dominated by explosively rising case numbers, which means equally rising levels of depression and panic. Covid is a news story so inescapable it
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By Taylor Romine and Naomi Thomas, CNN Business The cruise liner Queen Mary 2 will not make its planned return to the Big Apple after a Covid outbreak onboard. The Queen Mary 2 dropped off 10 Covid-19 infected passengers in New York earlier this month. Instead of returning to call in New York as originally
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By Paul R. La Monica, CNN Business Cruise company stocks had been holding up remarkably well in December despite concerns about Covid outbreaks on ships and the rapidly spreading Omicron variant. But that’s no longer the case. The US Centers for Disease Control and Prevention said Thursday that even vaccinated people should no longer take
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By Jordan Valinsky, CNN Business JetBlue Airways is reducing its schedule by about 1,280 flights from Thursday through January 13 because a growing number of crew members are falling sick from Covid infections. “We expect the number of Covid cases in the northeast — where most of our crewmembers are based — to continue to
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By Jessie Yeung, CNN Business Hong Kong authorities are defending the arrests of seven people linked to a pro-democracy publication in the face of growing international condemnation, with the city’s leader insisting the police raids had “nothing to do with journalistic or media work.” More than 200 police officers raided the offices of Stand News
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By Diksha Madhok, CNN Business Two of the world’s biggest chipmakers are warning that Covid-19 outbreaks and stringent lockdowns in a major Chinese industrial hub are hampering their operations. Samsung and Micron said this week that they’ve had to adjust operations in the northwestern city of Xi’an, which is experiencing one of China’s worst community
Continue Reading By Diksha Madhok, CNN Business Two of the world’s biggest chipmakers are warning that Covid-19 outbreaks and stringent lockdowns in a major Chinese industrial hub are hampering their operations. Samsung and Micron said this week that they’ve had to adjust operations in the northwestern city of Xi’an, which is experiencing one of China’s worst community
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By Jill Disis, CNN Business SenseTime rallied in its Hong Kong debut Thursday, as it tried to move past a politically-fraught month that forced the Chinese artificial intelligence startup to delay its initial public offering. Shares in the company were last trading at 4.29 Hong Kong dollars (55 cents) each, up more than 11% from
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By Jessie Yeung, Esha Mitra and Arpit Goel, CNN Doctors in India are bracing for a potential third wave driven by the highly contagious Omicron variant, as cases rise and political leaders hold mass gatherings ahead of key elections. In the past week, India’s Omicron case numbers have more than tripled, with 781 infections now
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By Jennifer Korn After hours offline, Fortnite servers were restored at 6:50pm EST Wednesday. For hours, players were unable to log into the popular battle royale. The company was “investigating log-in, matchmaking, and other issues,” on Wednesday afternoon, according to Fortnite’s official status Twitter account. A later tweet said that “game servers are currently offline
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By Clare Duffy and Jennifer Korn, CNN A content moderator for TikTok is suing the social media platform after she says she developed psychological trauma as a result of her job, which she alleges required her to review videos featuring graphic violence, conspiracy theories and other disturbing imagery. Candie Frazier, a Las Vegas-based contractor for
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By Anneken Tappe, CNN Business Stocks set new records on Wednesday, as both the Dow and the S&P 500 finished at all-time highs. Although the S&P hit a record as recently as Monday, the Dow hasn’t reached a new high since early November. The Dow finished up 91 points, or 0.3%, while the S&P closed
Continue Reading By Anneken Tappe, CNN Business Stocks set new records on Wednesday, as both the Dow and the S&P 500 finished at all-time highs. Although the S&P hit a record as recently as Monday, the Dow hasn’t reached a new high since early November. The Dow finished up 91 points, or 0.3%, while the S&P closed
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By Sana Noor Haq, CNN Amazon’s Alexa has been developed over the years to offer ever-improving access to information and knowledge. However, the voice-enabled assistant recently gave some dangerous advice to one user that went viral on social media. According to a tweet posted by Kristin Livdahl, Alexa told her 10-year-old child to touch a
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by Kwegyirba Croffie, CNN As Americans bring back unwanted holiday gifts, those returns will cost retailers upwards of 50% more than they did last year. Retailers are already dealing with elevated costs thanks to the supply chain crunch and a tight labor market. Now, returns processor Optoro estimates that returns this year will cost retailers
Continue Reading By Sana Noor Haq, CNN Amazon’s Alexa has been developed over the years to offer ever-improving access to information and knowledge. However, the voice-enabled assistant recently gave some dangerous advice to one user that went viral on social media. According to a tweet posted by Kristin Livdahl, Alexa told her 10-year-old child to touch a
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By Chris Isidore, CNN Business Elon Musk appears to have wrapped up a busy year of trading his Tesla shares Tuesday. He’ll end up with one of the largest tax bills in history to show for it. The Tesla CEO exercised options to buy another 1.6 million shares, and sold 934,090 of those shares for
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By Jeanne Sahadi, CNN Business Having to negotiate for what you want can feel like getting a root canal. You’d rather not do it, but sometimes it’s necessary. That’s especially the case when it comes to money. Whether you’re negotiating for a higher salary, trying to settle on a price for something you’re buying, or
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By Jeanne Sahadi, CNN Business The recent surge in Omicron cases may have put a halt to many of your holiday plans. But it also may give you extra time to consider your goals in the new year. If improving your finances is on your list of resolutions, here are some ideas to consider. Jump
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