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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By Laura He, CNN Business Chinese artificial intelligence giant SenseTime has revived its $767 million initial public offering, just days after it had delayed its public debut after being hit by another US blacklist. SenseTime relaunched the offering Monday, with its first day of trading set for Dec. 30, according to its revised filings to
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By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. People in major cities waited in long lines for Covid tests over the weekend… but millions also queued up to watch “Spider-Man” in crowded theaters. On Sunday New York state
Continue Reading By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. People in major cities waited in long lines for Covid tests over the weekend… but millions also queued up to watch “Spider-Man” in crowded theaters. On Sunday New York state
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By Matt Egan, CNN Senator Joe Manchin’s opposition to the Build Back Better Act prompted Goldman Sachs to swiftly dim its US economic outlook. The Wall Street firm told clients Sunday it no longer assumes President Joe Biden’s signature legislation will get through the narrowly divided Congress, citing the West Virginia Democrat’s announcement that he’s
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COLUMBIA, MO (KMIZ) Foot traffic in Downtown Columbia has picked up surrounding graduation ceremonies and hotels and restaurants in the area say they’re seeing an uptick in business. The University of Missouri, Columbia College and Stephens College all have graduation ceremonies this weekend and they are being held in-person, which is having a big impact
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By Frank Pallotta, CNN Business Theaters needed a hero, and Spider-Man swung in just in time. “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 an estimated $253 million, according to its studio, Sony. That is the
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By Sara Ashley O’Brien, CNN Business Elizabeth Holmes’ fate is now in the hands of a jury of eight men and four women. The jury is set to deliberate on Monday and is tasked with determining whether the onetime billionaire who claimed to have revolutionized blood testing knowingly misled investors, doctors, and patients about her
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By Chris Isidore, CNN Business Southwest Airlines CEO Gary Kelly stirred up some controversy Wednesday when he suggested that wearing masks on planes did little to prevent the spread of Covid. “I think the case is very strong that masks don’t add much if anything in the air cabin environment,” he said in response to
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