Biz/Tech Archives

Robinhood raises less than it had hoped in IPO

July 28, 2021 8:28 PM CNN Newsource

By Matt Egan, CNN Business Robinhood’s highly-anticipated debut on Wall Street is getting off to a rough start. The fast-growing trading…

U.S. Senate votes to start work on $1T infrastructure bill

July 28, 2021 9:48 AM Associated Press

UPDATE: WASHINGTON, DC — The U.S. Senate has voted to start work on a nearly $1 trillion bipartisan infrastructure package. The vote came together…

From offices to restaurants, companies are requiring proof of vaccination

August 4, 2021 12:57 PM CNN Newsource

By Alexis Benveniste, CNN Business Corporate America is getting serious about vaccines. In the last week, companies from Disney to Walmart to Google…

Ford posts unexpected profit despite chip shortage

July 28, 2021 5:37 PM CNN Newsource

By Chris Isidore, CNN Business Ford overcame the effects of the chip shortage to post a narrow profit in the second quarter, and said it expects much…

Facebook doubles profit but braces for hit from Apple privacy changes

July 28, 2021 4:05 PM CNN Newsource

By Clare Duffy, CNN Business Facebook’s business is soaring, but the boom times may not last. Facebook on Wednesday reported revenue of nearly…

Why rising coffee prices won’t change what you pay for Starbucks drinks

July 29, 2021 6:30 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business Coffee prices are surging. But that won’t make a difference in how much you spend on a cup of joe at…

Jerome Powell: Fed is confident inflation rates will go down

July 30, 2021 9:13 AM CNN

The Federal Reserve is confident that inflation will go down and left interest rates and monetary policy unchanged due to the incomplete economic…

New CDC mask guidance throws stores’ policies into flux

July 28, 2021 1:44 PM CNN Newsource

By Nathaniel Meyersohn, CNN Business Stores are re-evaluating their mask policies after the US Centers for Disease Control and Prevention updated…

Google and Facebook will require vaccinations for employees returning to the office

July 28, 2021 3:14 PM CNN Newsource

By Clare Duffy, CNN Business Google and Facebook on Wednesday became two of the first major Silicon Valley firms to say they will require employees…

Barbie maker says higher prices are coming just in time for the holidays

July 28, 2021 3:38 PM CNN Newsource

By Parija Kavilanz, CNN Business You can now add toys to the growing list of products that global supply chain woes have made more expensive to…

Mattel CEO: Here’s how toy prices will change this holiday season

July 28, 2021 3:38 PM CNN

Mattel CEO Ynon Kreiz breaks down the toy giant’s strong second quarter earnings and why he believes it will continue to thrive for the rest of the…

Fed says Delta won’t ruin the recovery. But we’re still a long way from normal

July 28, 2021 2:08 PM CNN Newsource

By Anneken Tappe, CNN Business The Federal Reserve left interest rates and monetary policy unchanged on Wednesday, pointing to the nation’s as…

Managers will have to enforce rules for unvaccinated employees, and it won’t be easy

July 30, 2021 6:48 AM CNN Newsource

By Jeanne Sahadi, CNN Business Most employers have not outright mandated Covid vaccines as a condition of employment for their current staff ……

Biden proposes strengthening Buy American rules to boost manufacturing

July 28, 2021 11:58 AM CNN, ABC News

LEHIGH VALLEY, Pennsylvania — President Joe Biden on Wednesday proposed strengthening the federal government’s Buy American rules in an attempt to…

Simone Biles’ sponsors stand by her after she withdraws from Olympic events

July 28, 2021 4:32 PM CNN Newsource

By Chauncey Alcorn, CNN Business Simone Biles’ sponsors offered statements of support Wednesday following her decision to pull out of…

Keilar rolls the tape on Biles’ critics: Mental health is real

July 28, 2021 4:32 PM CNN

CNN’s Brianna Keilar responds to critics of Simone Biles after the Olympic gymnast withdrew from the individual all-round competition at the Tokyo…

The Great American Car Shortage won’t be over for months

July 28, 2021 10:36 AM CNN Newsource

By Moira Ritter, CNN Business New car inventories, strained for months by a global semiconductor shortage and supply chain disruptions, aren’t…

The car market is gonzo. Here’s what to do if you have to buy one anyway

July 28, 2021 9:26 AM CNN Newsource

By Peter Valdes-Dapena, CNN Business Pat Shozo has been trying to buy a used car for his son who’s going to attend college in the fall. But…

The pandemic killed traditional menus and brought QR codes back to life

July 28, 2021 9:23 AM CNN Newsource

By Alexis Benveniste, CNN Business Restaurant menus got a makeover thanks to Covid: Now, placing your order means simply whipping out your phone and…

Advocacy group sues Johnson & Johnson over products marketed to Black women, alleging cancer link

July 28, 2021 9:20 AM CNN Newsource

By Chauncey Alcorn, CNN Business A Black women’s advocacy group filed a lawsuit Tuesday accusing Johnson & Johnson of selectively…

Robinhood CEO’s credentials investigated by regulators

July 29, 2021 1:06 PM CNN

Regulators are investigating the fact that Robinhood CEO Vlad Tenev is not licensed by FINRA. CNN’s Matt Egan…

The Porsche dynasty is taking on Jeff Bezos and Elon Musk in space

July 28, 2021 9:14 AM CNN Newsource

By Hanna Ziady, CNN Business Porsche SE, the family holding company that controls Volkswagen Group, is the latest big investor to bet on…

The economy is still not back to normal. The Delta variant won’t make it easier

July 28, 2021 7:41 AM CNN Newsource

By Anneken Tappe, CNN Business America’s economy isn’t back to normal yet, and much of the recovery depends on consumers: how much…

Pfizer says 3rd vaccine dose ‘strongly’ protects against Delta variant

July 28, 2021 7:38 AM CNN

NEW YORK, NY — A third dose of the Pfizer/BioNTech Covid-19 vaccine can “strongly” boost protection against the Delta variant…

Amazon is everywhere. Here’s how the US could break it up

July 28, 2021 6:35 AM CNN Newsource

By Clare Duffy, CNN Business On any given day, you might receive a package you ordered from Amazon, log onto a website hosted by Amazon, ask an…

US lawmakers turn up heat on American sponsors over Beijing Olympics

July 28, 2021 6:29 AM CNN Newsource

By Diksha Madhok, CNN Business US lawmakers are piling pressure on major American corporate sponsors of the 2022 Winter Olympics in Beijing as…

Boeing returns to profitability, drops layoff plans

July 28, 2021 10:55 AM CNN Newsource

By Chris Isidore, CNN Business Boeing returned to profitability in the second quarter, posting net income for the first time since the start of the…

Apple, Google and Microsoft made $57 billion last quarter

July 28, 2021 7:02 AM CNN Newsource

By Julia Horowitz, CNN Business A rapid shift to digitization due to Covid-19 has handsomely benefited the world’s biggest tech companies. Yet…

Chicken sandwich and BTS meal helped boost McDonald’s sales

July 28, 2021 6:11 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business McDonald’s celebrity meal strategy and revamped chicken sandwich lineup is working. Sales at US stores…

Walmart will cover college tuition for its workers

July 28, 2021 6:08 AM CNN

Walmart is expanding its academic program to pay the full college tuition and book costs for its US workers at 10 partner…