Amazon is shuttering its telehealth service
By Catherine Thorbecke, CNN Business Amazon on Wednesday said it is shuttering its telehealth service, Amazon Care, as the company rethinks its…
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FedEx partners threaten to halt holiday deliveries
By Chris Isidore, CNN Business People hoping to get their holiday shopping delivered on time could be caught in the middle of a growing battle…
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Inflation is driving Americans to bargain chain stores
By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Dollar Tree and Dollar General have reported higher second-quarter as four-decade high…
Continue Reading With no buyers, Citigroup to wind down operations in Russia
By KEN SWEET AP Business Writer NEW YORK (AP) — Citigroup will wind down its consumer banking and commercial lending operations in Russia after…
Continue Reading Layoffs. Losses. Plunging share prices. These pandemic winners are now struggling
CNN, CNN BUSINESS By Chris Isidore, CNN Business Few companies flourished more amid the pandemic’s economic upheaval than Peloton. With people…
Continue Reading Peloton had another dismal quarter
By Jordan Valinsky, CNN Business Peloton’s rough road to recovery continues. The fitness company’s quarterly revenue came in below Wall…
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Party City to hire 20,000 workers
ROCKAWAY, New Jersey — This holiday season, celebrations could return to pre-pandemic levels. Retailers are getting ready for the holiday rush.…
Continue Reading Mortgage rates climb again, jumping to more than 5.5%
CNN, CNN BUSINESS By Anna Bahney, CNN Business Mortgage rates jumped higher this week as investors tried to make sense of data that gave mixed…
Continue Reading Mortgage rates climb again, jumping to more than 5.5%
By Anna Bahney, CNN Business Mortgage rates jumped higher this week as investors tried to make sense of data that gave mixed signals about the health…
Continue Reading Fall books a broad mix of literary and commercial favorites
By HILLEL ITALIE AP National Writer NEW YORK (AP) — Anticipation for one of the fall’s likeliest bestsellers has been growing all year. For…
Continue Reading Long Covid is keeping as many as 4 million Americans out of work
By Matt Egan, CNN Business The pandemic continues to cast a shadow over the workforce. Long Covid, a combination of symptoms that emerge months or…
Continue Reading Wild week for Peloton shares as earlier gains erased
Associated Press NEW YORK (AP) — Peloton shares are on a wild ride this week, running up 20% Wednesday on a new partnership with Amazon only to…
Continue Reading Food commodity prices slim down over the summer
By DAMIAN J. TROISE AP Business Writer The price of wheat, corn and other commodities that make up the basis for much of the world’s food supply…
Continue Reading Fall books a broad mix of literary and commercial favorites
By HILLEL ITALIE AP National Writer NEW YORK (AP) — Anticipation for one of the fall’s likeliest bestsellers has been growing all year. For…
Continue Reading Government revision shows economy shrank 0.6% last quarter
By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The U.S. economy shrank at a 0.6% annual rate from April through June, the government said in…
Continue Reading Fewer Americans claim jobless benefits last week
By MAE ANDERSON AP Business Writer NEW YORK (AP) — Fewer Americans filed for unemployment benefits last week as the labor market continues to stand…
Continue Reading Computer chips were in high demand. Then inflation kicked in
By Julia Horowitz, CNN Business When consumers were stuck inside during the early stages of the Covid-19 pandemic, there weren’t many places to…
Continue Reading Second-quarter GDP declined less than previously thought, but the economy is still shrinking
By Alicia Wallace, CNN Business The US economy shrank at a slightly slower rate than estimated during the second quarter, according to updated data…
Continue Reading Here’s why you still look terrible in virtual reality
By Rachel Metz, CNN Business Mark Zuckerberg has bet his company’s future on an ambitious long-term vision of people carrying out greater…
Continue Reading MacKenzie Scott supports child mentors with $44 million gift
By THALIA BEATY Associated Press LANCASTER, Ca. (AP) — Billionaire philanthropist MacKenzie Scott donated $44 million to the Oregon-based mentoring…
Continue Reading How much trouble is Twitter in with regulators?
By Brian Fung, CNN Business An explosive whistleblower disclosure by Twitter’s former head of security this week exposes the company to new…
Continue Reading Swiss drugmaker Novartis to spin off generics unit Sandoz
GENEVA (AP) — Swiss pharmaceuticals company Novartis says it plans to spin off its generics subsidiary Sandoz, which generated nearly $10 billion…
Continue Reading From energy to drinking water, China has lots to fix in its economy
By Laura He, CNN Business China has unveiled 19 new measures to shore up its economy and “secure drinking water” supply as the country…
Continue Reading S Korea signs $2.25 billion deal with Russia nuclear company
By KIM TONG-HYUNG Associated Press SEOUL, South Korea (AP) — South Korea has signed a $2.25 billion contract with a Russian state-run nuclear…
Continue Reading Saudi Arabia to grant visas to World Cup ticket holders
DUBAI, United Arab Emirates (AP) — Saudi Arabia will grant visas to those holding tickets to the World Cup in neighboring Qatar. The Saudi Foreign…
Continue Reading Why Tesla’s stock is so much cheaper today
By Paul R. La Monica, CNN Business Tesla’s stock price is set to drop at the opening bell Thursday, but not because of anything Elon Musk…
Continue Reading UK energy bills are skyrocketing. Why is it happening?
By SYLVIA HUI Associated Press LONDON (AP) — A cost-of-living crisis in Britain is about to get worse. Millions of people will pay about 80% more a…
Continue Reading Asian stocks follow Wall St higher ahead of Fed chair speech
By JOE McDONALD AP Business Writer BEIJING (AP) — Asian stock markets followed Wall Street higher on Friday ahead of a speech by the Federal…
Continue Reading Inflation hits Dubai’s karak tea, a beloved national staple
By ISABEL DEBRE Associated Press DUBAI, United Arab Emirates (AP) — From Mustafa Moeen’s spot behind the counter, he sees the many faces of…
Continue Reading Chinese island plans to ban sales of fossil fuel-powered vehicles by 2030
By Jessie Yeung and Shawn Deng, CNN The island of Hainan in southern China plans to ban the sale of fossil fuel-powered vehicles by 2030, aiming to…
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