Beef giant JBS to pay $52.5M to settle price-fixing lawsuit
By JOSH FUNK Associated Press OMAHA, Neb. (AP) — Meatpacking giant JBS has agreed to a $52.5 million settlement in a beef price-fixing lawsuit that…
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US oil prices hit $90 a barrel for the first time since 2014
By Matt Egan, CNN Business US oil prices jumped above $90 a barrel on Thursday for the first time in more than seven years. The latest rally comes…
Continue Reading Equity-rich homeowners are ‘sitting pretty’ amid sky high real estate prices
By Anna Bahney, CNN Business Sky high real estate prices have made a growing number of homeowners “equity rich,” according to a report on…
Continue Reading The big reason the US and UK are facing such a massive labor shortage
Opinion by Carlo Pizzinelli and Ippei Shibata for CNN Business Perspectives Almost two years after the pandemic upended labor markets, job openings…
Continue Reading Wag, a dog-walking startup that once raised $300 million from a single investor, is going public through a SPAC
By Sara Ashley O’Brien, CNN Business Wag, a dog-walking startup that once received $300 million from a single investor only to stumble in…
Continue Reading Meta’s market value just dropped by more than most companies are worth
By Clare Duffy, CNN Business Meta Platforms, the company formerly known as Facebook, just had its worst trading day in its history as a public…
Continue Reading Meta is giving avatars a four-foot buffer zone to cut back on VR harassment
CNN By Rachel Metz, CNN Business Meta, the parent company of Facebook, has a new feature aimed at cutting down on harassment and assault in virtual…
Continue Reading Tribes: Settlement in opioids case will foster healing
By FELICIA FONSECA and TED WARREN Associated Press Money that will flow to Native American tribes as part of an opioid drug settlement with a major…
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El Paso Electric upgrades get first cold-weather test
EL PASO, Texas – With concerns over last year’s power grid failure in Texas, El Paso Electric opened its doors to one of its power stations to show…
Continue Reading Democrats call for Biden officials to limit US natural gas exports because of rising home heating costs
By Matt Egan, CNN Business Nearly a dozen US Senators are calling for the Biden administration to curb overseas shipments of natural gas as Americans…
Continue Reading Spain passes landmark labor reform, unlocking EU billions
MADRID (AP) — The Spanish parliament has ratified by a single, mistaken vote a landmark labor reform devised by the country’s Socialist-led…
Continue Reading Congress takes up controversy over 5G service near airports
By DAVID KOENIG AP Airlines Writer A congressional committee is looking into the controversy over the launch of new high-speed wireless service and…
Continue Reading Melinda French Gates reportedly won’t give bulk of her wealth to Gates Foundation
By Jennifer Korn, CNN Business Melinda French Gates may be shifting her approach to how she gives away her vast wealth following her high-profile…
Continue Reading Here’s who has left Spotify because of Joe Rogan
By Frank Pallotta, CNN Business Spotify has had a rough couple of weeks. Its stock took a big hit Wednesday because of a slowing growth forecast, and…
Continue Reading Auto workers vote for independent union at Mexico GM plant
MEXICO CITY (AP) — Workers at a General Motors assembly plant in northern Mexico have voted for a new independent union to represent them after…
Continue Reading Tesla owners complain about ‘phantom braking.’ Federal safety regulator considers a probe
By Chris Isidore and Matt McFarland, CNN Business Federal safety regulators are mulling a probe after Tesla owners complained that their cars were…
Continue Reading Medicare opens up access to free at-home COVID-19 tests
By RICARDO ALONSO-ZALDIVAR Associated Press WASHINGTON (AP) — The Biden administration says people with Medicare will be able to get up to eight…
Continue Reading US gives military helicopters to Croatia, Russia arms Serbs
ZAGREB, Croatia (AP) — The United States has delivered two Black Hawk helicopters to Croatia, which is engaged in a mini arms race with neighboring…
Continue Reading Meta plummets, dragging stocks lower
By Anneken Tappe, CNN Business Meta ruined things for the stock market on Thursday. Wall Street was deep in the red as the tech company formerly…
Continue Reading Meta, formerly Facebook, faces historic drop as stock tanks
By BARBARA ORTUTAY AP Technology Writer Meta is putting a lot of virtual eggs — and billions of dollars — into the metaverse basket, and Wall…
Continue Reading Everything Hershey makes is going to get more expensive
By Danielle Wiener-Bronner, CNN Business Stress eating is about to get more expensive: Hershey is raising prices this year. “Pricing will be an…
Continue Reading What it takes to make money flipping homes in a crazy real estate market
By Anna Bahney, CNN Business More people are flipping homes, but they are making less of a profit. Investors looking to get a piece of skyrocketing…
Continue Reading Nintendo Switch tops lifetime sales of Wii console
CNN By Reuters Nintendo Co Ltd sold 18.95 million Switch video game consoles in the nine months to the end of December, the Japanese company said on…
Continue Reading Will a new tax dent business-friendly Dubai?
By Celine Alkhaldi and Eoin McSweeney, CNN Almost 90% of Dubai’s population is made up of foreigners who flocked to the Gulf business hub for…
Continue Reading Cheers: Whiskey sales start comeback in bars, restaurants
By BRUCE SCHREINER Associated Press LOUISVILLE, Ky. (AP) — When COVID-19 shuttered much of the economy in 2020, Bill Thomas sold off his whiskey…
Continue Reading A likely poor jobs figure for January could prove temporary
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Last month, U.S. employers might have shed jobs for the first time in about a year,…
Continue Reading Swing shift: Wall Street’s gyrations no cause for surprise
By STAN CHOE AP Business Writer NEW YORK (AP) — Stocks have swerved scarily this year, with big swings and sharp drops. It’s particularly…
Continue Reading Tesla owners are more Republican than you’d think
By Chris Isidore, CNN Business Elon Musk has trained his Twitter guns on top Democrats such as Bernie Sanders and Elizabeth Warren. Now he’s…
Continue Reading Ram trucks recalled to tighten loose windshield wiper nuts
The Associated Press DETROIT (AP) — Stellantis is recalling nearly 202,000 Ram heavy-duty pickups and chassis cabs to tighten a loose nut that can…
Continue Reading Fed nominee pushes back against GOP claims of anti-oil bias
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — A key nominee to the Federal Reserve’s Board of Governors has said in testimony…
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