Jefferson City voters approve public safety sales tax
Jefferson City voters will have the opportunity next Tuesday to vote on approving or rejecting a quarter of one percent sales tax to improve public safety.
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Jefferson City voters will have the opportunity next Tuesday to vote on approving or rejecting a quarter of one percent sales tax to improve public safety.
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By Nathaniel Meyersohn, CNN Business Attempting to adapt in retail can create some strange bedfellows. Like homegoods’ chains and supermarkets. Bed Bath & Beyond will sell some of its bedding, storage and baby furniture at Kroger beginning next year, the two companies announced Tuesday. Bed Bath & Beyond’s items will first be available on Kroger’s
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By Matt Egan, CNN Business Democrats want to tax stock buybacks to help pay for President Joe Biden’s $1.75 trillion spending plan. Billionaire investor Charlie Munger isn’t happy about it. “I think it’s insane. Literally insane,” Munger, the right-hand man of legendary investor Warren Buffett, told CNN in an interview. The Build Back Better framework,
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By Matt Egan, CNN Business Sticker shock is causing anxiety for millions of Americans right now, with prices soaring for gasoline, groceries and used cars. Unfortunately, it’s going to take longer than expected to work out the supply-demand imbalances at the heart of inflation, Goldman Sachs warned clients Sunday night. “The inflation overshoot will likely
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By Anna Bahney, CNN Business Zillow is getting out of the iBuying business and will shut down its Zillow Offers division, resulting in a 25% reduction in its staff. In its quarterly earnings report on Tuesday, the company said it will see a total write-down of more than $540 million as a result of its
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By Paul R. La Monica, CNN Business The Dow Jones Industrial Average closed above the 36,000 mark for the first time Tuesday following a gain of about 140 points, or 0.4%. On Monday it had briefly risen above 36,000 but didn’t end the day there. Investors had to wait only a little more than three
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By Rachel Metz, CNN Business Facebook said Tuesday it plans to stop using facial-recognition software that could automatically recognize people in photos and videos posted on the social network, marking a massive shift both for the tech industry and for a company known for collecting vast amounts of data about its billions of users. Facebook,
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By Kerry Flynn, CNN Business Facebook launched a television ad series recently that does not showcase any product for sale or new feature on its platforms. Instead, Facebook wants TV viewers to meet an employee named Jack. Jack tells viewers he’s from New Orleans as he holds up what appears to be framed family photos.
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By Danielle Wiener-Bronner, CNN Business It’s harder than you might think to deliver french fries that aren’t too crispy or soggy. Just ask the burger chain White Castle. Timing is key: Fries need to be in oil for the right amount of time. But employees in fast food restaurants are often subject to a flurry
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By Danielle Wiener-Bronner, CNN Business It’s harder than you might think to deliver french fries that aren’t too crispy or soggy. Just ask the burger chain White Castle. Timing is key: Fries need to be in oil for the right amount of time. But employees in fast food restaurants are often subject to a flurry
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By Frank Pallotta, CNN Business Quentin Tarantino is getting into NFTs. The two-time Academy Award-winning director and screenwriter announced Tuesday that he will sell NFTs of seven original scenes from “Pulp Fiction,” arguably his most famous film. Tarantino will auction the never-before-seen clips as “Secret NFTs,” which will be built on Secret Network — a
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By Brian Stelter, CNN Business The Justice Department is suing to block Penguin Random House’s proposed acquisition of Simon & Schuster, arguing that the combination of the two book business giants “would likely harm competition in the publishing industry.” Tuesday’s complaint in United States District Court is one of the first major antitrust actions by
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By Kathryn Vasel, CNN Business You shouldn’t be the only one answering questions during a job interview. While you want to showcase why you are the best candidate for the position, you also want to learn as much as you can about what it’s really like to work there. And that means going beyond benefits
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By Chris Isidore, CNN Business When Hertz announced plans to buy 100,000 Teslas last week — the largest-ever single order for electric vehicles — it was hailed as a breakthrough moment for the shift to EVs. But maybe it wasn’t. Or maybe it still is. The “order” was thrown into doubt late Monday by —
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By Paul R. La Monica, CNN Business Avis Budget investors didn’t really need to try harder to make any money from the stock on Tuesday. The rental car company’s shares more than doubled after Avis Budget reported strong earnings Monday evening that easily topped Wall Street’s forecasts. The stock was up as much as 218%
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By Matt Egan, CNN Business Nearly two-thirds of Americans describe the economy as poor in a new poll that comes amid high inflation and supply chain turmoil. The poll, released Monday by The Associated Press-NORC Center for Public Affairs Research, found just 35% of Americans now call the national economy good. That’s down from 45%
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By Nathaniel Meyersohn, CNN Business Shoppers are already taking a hit at the grocery store. Soon, even their cheapest meat options will get more expensive. Tyson Foods, Conagra and Kraft Heinz have notified their retail customers in recent weeks that they will raise prices in January for some frozen and refrigerated meats. Products that will
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By Walé Azeez, CNN Business Maersk, the world’s largest container shipping company, predicts that global supply chain chaos will continue into next year. That could benefit the company, which just reported its best quarter in 117 years. The surging cost of shipping propelled Maersk’s profit before taxes and interest to $5.9 billion and sales to
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By Alicia Wallace, CNN Business If communities across America were to become more racially integrated, it would be an “economic game changer,” boosting gross domestic product growth by an estimated 0.3 percentage points in the span of a decade, Moody’s Analytics has found. Deeply entrenched racial bias and segregation, however, are limiting the nation’s potential
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By Jordan Valinsky, CNN Business Chipotle is testing pollo asado in two US cities, marking the first time in nearly 30 years the chain has experimented with a new chicken recipe. The limited-time offering launched Tuesday in 95 restaurants across Cincinnati, Ohio, and Sacramento, California. In a statement, Chipotle said the chicken is seasoned with
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