Biz/Tech Archives

Parents: Don’t throw away this IRS letter

January 25, 2022 7:23 AM CNN Newsource

By Tami Luhby, CNN Attention parents: Hold onto that Internal Revenue Service letter about your enhanced child tax credit payments. You’ll need…

Buffett’s Berkshire plans in-person shareholders meeting

January 25, 2022 8:57 AM Associated Press

OMAHA, Neb. (AP) — Warren Buffett’s company plans to hold its annual shareholders meeting that used to routinely attract more than 40,000 people…

MSC Group, Lufthansa partner in bid for Italy’s ITA Airways

January 25, 2022 8:47 AM Associated Press

By COLLEEN BARRY AP Business Writer MILAN (AP) — The parent group of MSC Cruises is partnering with Lufthansa in a bid for a majority stake in…

Grace Kelly’s granddaughter appears on horseback for Chanel

January 25, 2022 8:43 AM Associated Press

By THOMAS ADAMSON AP Fashion Writer PARIS (AP) — Huge spinning wheels, “floating” wooden blocks and suspended geometric shapes hovered over a…

US consumer confidence remains high after January downturn

January 25, 2022 8:17 AM Associated Press

By MATT OTT AP Business Writer SILVER SPRING, Md. (AP) — U.S. consumer confidence declined this month as Americans became slightly less optimistic…

AmEx stock soars nearly 10% as customers go on spending spree

January 25, 2022 8:04 AM CNN Newsource

By Paul R. La Monica, CNN Business American Express customers clearly didn’t leave home without their credit cards when they went shopping this…

GE expects return to revenue growth in 2022

January 25, 2022 7:48 AM Associated Press

General Electric Co. anticipates returning to revenue growth this year, even as it deals with supply chain challenges. The company said Tuesday that…

Stocks finish lower, dashing hopes for a turnaround Tuesday

January 25, 2022 7:32 AM CNN Newsource

By Anneken Tappe, CNN Business Investors better fasten their seat belts because there’s no sign of volatility letting up on Wall Street. Stocks…

Home prices are starting to lose steam

January 25, 2022 7:26 AM CNN Newsource

By Anna Bahney Overheated home prices continue to show signs of cooling off a bit. Home prices rose 18.8% year-over-year in November, according to…

Amid omicron and inflation, IMF cuts world growth forecasts

January 25, 2022 7:17 AM Associated Press

By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The International Monetary Fund is downgrading its forecast for the world economy this year.…

Starbucks is launching an energy drink

January 25, 2022 7:11 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business Starbucks is giving customers new ways to perk up: a line of energy drinks called Starbucks Baya Energy and…

GM to spend nearly $7B on EV, battery plants in Michigan

January 25, 2022 7:08 AM Associated Press

By DAVID EGGERT and TOM KRISHER Associated Press LANSING, Mich. (AP) — General Motors is making the largest investment in company history in its…

Ex-NSO chairman says departure unrelated to company turmoil

January 25, 2022 7:07 AM Associated Press

By JOSEF FEDERMAN Associated Press JERUSALEM (AP) — The former chairman of the Israeli spyware maker NSO Group says he has left the firm. But Asher…

Walmart invests in indoor vertical farming startup Plenty

January 25, 2022 7:05 AM Associated Press

By ANNE D’INNOCENZIO The Associated Press NEW YORK (AP) — Walmart says it has taken a stake in agriculture startup Plenty, becoming the first…

IMF slashes US and China growth forecasts

January 25, 2022 7:01 AM CNN

CNN By Julia Horowitz, CNN Business The pandemic will continue to stoke uncertainty and inflation in its third year, undermining the global recovery…

IMF slashes US and China growth forecasts

January 25, 2022 7:01 AM CNN Newsource

By Julia Horowitz, CNN Business The pandemic will continue to stoke uncertainty and inflation in its third year, undermining the global recovery from…

Consumer goods giant Unilever cutting 1,500 management jobs

January 25, 2022 6:43 AM Associated Press

LONDON (AP) — Unilever, which makes Vaseline skin care products and Ben & Jerry’s ice cream, says it’s laying off 1,500 staff as part of a…

Sarah Palin allegedly flouted Covid-19 rules by dining indoors unvaccinated ahead of trial

January 25, 2022 6:31 AM CNN Newsource

By Sonia Moghe, CNN A Manhattan restaurant is looking into its enforcement of vaccine requirements for indoor dining, after Sarah Palin allegedly…

Get ready for more wild swings. Volatile markets are back

January 25, 2022 6:20 AM CNN Newsource

By Julia Horowitz, CNN Business After a long period of calm, market volatility has returned in dramatic fashion. What’s happening: US stock…

SAT going digital in shifting college admissions landscape

January 25, 2022 6:18 AM Associated Press

By CAROLYN THOMPSON Associated Press The administrators of the SAT say the exam will move from paper and pencil to a digital format. They say the…

UAE sheikhdom to allow gaming as Wynn Resorts plans project

January 25, 2022 6:16 AM Associated Press

By JON GAMBRELL Associated Press DUBAI, United Arab Emirates (AP) — One of the seven sheikhdoms in the United Arab Emirates says it will allow…

BioNTech, Google, Deutsche Bahn back African-founded AI firm

January 25, 2022 6:02 AM Associated Press

BERLIN (AP) — Vaccine maker BioNTech, Google and rail firm Deutsche Bahn are among the companies investing in African-founded artificial…

American Express Q4 profits jump 20% on card spending

January 25, 2022 5:53 AM Associated Press

By KEN SWEET AP Business Writer Credit card company American Express said Tuesday that its fourth-quarter earnings rose 20% from a year earlier, as…

Elon Musk is about to get a lot richer

January 25, 2022 5:51 AM CNN Newsource

By Chris Isidore, CNN Business It’s been a rough start to 2022 for the world’s richest person. He’s not too worried, though. Elon…

Kamala Harris art, ‘Daily Show’ lead Anthem Awards finalists

January 25, 2022 5:39 AM Associated Press

By GLENN GAMBOA AP Business Writer An art installation inspired by Vice President Kamala Harris, The New York Times’ “The 1619 Project” and…

Exclusive: Simply Lemonade is becoming a boozy beverage

January 25, 2022 5:35 AM CNN Newsource

By Jordan Valinsky, CNN Business Coca-Cola is turning another one of its drinks into an alcoholic alternative. It’s the company’s third…

Unilever cuts 1,500 management jobs in global overhaul

January 25, 2022 5:30 AM CNN Newsource

By Anna Cooban, CNN Business Unilever is cutting 1,500 management jobs around the world as the consumer goods giant comes under intense pressure from…

Prescription drugs, medical devices boost J&J in Q4

January 25, 2022 5:13 AM Associated Press

By TOM MURPHY AP Health Writer Growing prescription drug and medical device sales nudged Johnson & Johnson past fourth-quarter earnings…

Millennial Money: Just how passive is passive income?

January 25, 2022 5:00 AM Associated Press

By COLIN BERESFORD of NerdWallet Spend enough time in the personal finance corners of social media and you’re bound to come across someone talking…

Pfizer begins testing omicron-matched COVID shots in adults

January 25, 2022 4:47 AM Associated Press

By LAURAN NEERGAARD AP Medical Writer Pfizer and BioNTech have begun studying a COVID-19 vaccine tweaked to match to the omicron variant in healthy…