By Rob McLean, CNN Business Lyft is giving its employees another year to work remotely, a dramatic step among major businesses that are continuing to delay a return to the office. The rideshare company said Wednesday that it won’t require its staff to return to the office until 2023. Lyft did not cite concerns about
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Story by Reuters Toymaker Lego said on Wednesday it plans to build a new factory in Vietnam to keep up with rapidly growing demand for its colored plastic bricks among children across Asia. The privately-owned Danish firm said it will invest more than $1 billion in the project, which will be its second Asian factory
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By Clare Duffy, CNN Business Meta, the company formerly known as Facebook, is asking for help in avoiding having personal data about its users scraped from its platforms and posted to the web. The social media giant announced Wednesday that it is expanding its bug bounty program — which offers rewards for helping identify and
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By Donie O’Sullivan and Clare Duffy, CNN Business Instagram says it prohibits drug sales, but accounts advertising the sale of Xanax, ecstasy, opioids and other drugs are still widespread and easy to find on the platform, including for young users, according to a report released by tech advocacy group the Tech Transparency Project (TTP) on
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By Nathaniel Meyersohn, CNN Business You won’t be able to buy Nike sneakers and apparel at one of America’s largest shoe store chains in 2022. Nike announced it will stop selling to DSW as it cuts ties with many stores and shifts to selling more of its products through its own shops, websites, mobile apps
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By Samantha Murphy Kelly, CNN Business Instagram head Adam Mosseri testified for the first time before a Senate subcommittee on Wednesday as lawmakers question the app’s impact on the mental health of younger users. During his testimony, Mosseri said Instagram is planning to bring back a version of its news feed that would give users
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By Sara Ashley O’Brien, CNN Business Elizabeth Holmes’ defense rested its case Wednesday, shortly after the founder and former CEO of Theranos concluded her seventh day on the witness stand in her own criminal trial. While the prosecution called 29 witnesses to testify, the defense’s case relied almost entirely on Holmes. During her testimony, she
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By Matt Egan, CNN Business After nearly two full years of Covid-driven chaos, JPMorgan Chase is predicting 2022 will usher in a return to normalcy and a full healing of the economic wounds caused by the health crisis. “Our view is that 2022 will be the year of a full global recovery, an end of
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By Esha Mitra, Vedika Sud and Rhea Mogul, CNN The only survivor of a helicopter crash that killed 13 people including India’s top military official is on life support, officials said Thursday, as the nation mourned the victims and investigations into the incident continued. Group Capt. Varun Singh is in a “critical but stable” condition,
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By Moira Ritter Days after Better.com’s CEO unceremoniously fired 900 people over Zoom, several executives are handing in their resignation letters. Three of the companies top communications executives — Tanya Gillogley, head of public relations, Melanie Hahn, head of marketing, and Patrick Lenihan, VP of communications — all resigned, according to multiple media reports. According
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By Jeanne Sahadi, CNN Business If you have a job, you’re probably getting a bigger raise next year. Base pay may increase by an average of 3.9% in 2022, the largest one-year projected hike since 2008, according to The Conference Board’s latest wage survey of 240 companies, the majority of which each employ more than
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By Paul R. La Monica, CNN Business Roku customers no longer have to worry about losing access to the channels of their favorite creators. The company announced a new content deal Wednesday with Google that will keep the main YouTube app on its streaming service and also bring back the YouTube TV live app. “Effective
Continue Reading By Paul R. La Monica, CNN Business Roku customers no longer have to worry about losing access to the channels of their favorite creators. The company announced a new content deal Wednesday with Google that will keep the main YouTube app on its streaming service and also bring back the YouTube TV live app. “Effective
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By Brian Fung The Federal Aviation Administration announced a new rule on Tuesday that forbids pilots from using auto-landing and other certain flight systems at low altitudes where 5G wireless signals could interfere with onboard instruments that measure a plane’s distance to the ground. The rule, which affects more than 6,800 US airplanes and dozens
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By Nathaniel Meyersohn, CNN Business Costco is searching for ways to make paying $60 for a membership every year worth more to online shoppers — and keep them away from Amazon. So it’s expanding an online perk available only to club members: Buy stuff from around 35 brands’ websites and save 20% or more. The
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By Paul R. La Monica, CNN Business Last week’s stock market selloff seems like ancient history. Stocks surged Monday and Tuesday and were flat to modestly higher early Wednesday as investors once again buy the proverbial dip. Buying the dip is basically a phrase investors use when they are purchasing a stock after a big
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By Anneken Tappe, CNN Business American companies’ search for workers didn’t get any easier this fall. In October, the nation’s available jobs unexpectedly rose to 11 million, new data from the Bureau of Labor Statistics showed Wednesday. Even though that was short of the 11.1 million high from July, it was still far more than
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By Walé Azeez, CNN Business TUI says a surge in Covid-19 infections and the Omicron variant is taking its toll on winter holiday bookings. Europe’s biggest travel company said on Wednesday it had been seeing “positive momentum” in bookings but that had weakened because of “the increased media coverage of rising [coronavirus] incident rates and
Continue Reading By Walé Azeez, CNN Business TUI says a surge in Covid-19 infections and the Omicron variant is taking its toll on winter holiday bookings. Europe’s biggest travel company said on Wednesday it had been seeing “positive momentum” in bookings but that had weakened because of “the increased media coverage of rising [coronavirus] incident rates and
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Opinion by Pat Gelsinger for CNN Business Perspectives For almost a year, US companies and consumers have had to navigate a global chip shortage. Even among Covid-19 disruptions, this shortage stands out as uniquely impactful — semiconductors are a critical part of every digital device, powering our phones, cars, hospitals and factory floors. America’s ability
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