Ford posts unexpected profit despite chip shortage
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…
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Facebook doubles profit but braces for hit from Apple privacy changes
By Clare Duffy, CNN Business Facebook’s business is soaring, but the boom times may not last. Facebook on Wednesday reported revenue of nearly…
Continue Reading Why rising coffee prices won’t change what you pay for Starbucks drinks
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…
Continue Reading Jerome Powell: Fed is confident inflation rates will go down
The Federal Reserve is confident that inflation will go down and left interest rates and monetary policy unchanged due to the incomplete economic…
Continue Reading New CDC mask guidance throws stores’ policies into flux
By Nathaniel Meyersohn, CNN Business Stores are re-evaluating their mask policies after the US Centers for Disease Control and Prevention updated…
Continue Reading Google and Facebook will require vaccinations for employees returning to the office
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…
Continue Reading Barbie maker says higher prices are coming just in time for the holidays
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…
Continue Reading Mattel CEO: Here’s how toy prices will change this holiday season
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…
Continue Reading Fed says Delta won’t ruin the recovery. But we’re still a long way from normal
By Anneken Tappe, CNN Business The Federal Reserve left interest rates and monetary policy unchanged on Wednesday, pointing to the nation’s as…
Continue Reading Managers will have to enforce rules for unvaccinated employees, and it won’t be easy
By Jeanne Sahadi, CNN Business Most employers have not outright mandated Covid vaccines as a condition of employment for their current staff ……
Continue Reading Biden proposes strengthening Buy American rules to boost manufacturing
LEHIGH VALLEY, Pennsylvania — President Joe Biden on Wednesday proposed strengthening the federal government’s Buy American rules in an attempt to…
Continue Reading Simone Biles’ sponsors stand by her after she withdraws from Olympic events
By Chauncey Alcorn, CNN Business Simone Biles’ sponsors offered statements of support Wednesday following her decision to pull out of…
Continue Reading Keilar rolls the tape on Biles’ critics: Mental health is real
CNN’s Brianna Keilar responds to critics of Simone Biles after the Olympic gymnast withdrew from the individual all-round competition at the Tokyo…
Continue Reading The Great American Car Shortage won’t be over for months
By Moira Ritter, CNN Business New car inventories, strained for months by a global semiconductor shortage and supply chain disruptions, aren’t…
Continue Reading The car market is gonzo. Here’s what to do if you have to buy one anyway
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…
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The pandemic killed traditional menus and brought QR codes back to life
By Alexis Benveniste, CNN Business Restaurant menus got a makeover thanks to Covid: Now, placing your order means simply whipping out your phone and…
Continue Reading Advocacy group sues Johnson & Johnson over products marketed to Black women, alleging cancer link
By Chauncey Alcorn, CNN Business A Black women’s advocacy group filed a lawsuit Tuesday accusing Johnson & Johnson of selectively…
Continue Reading Robinhood CEO’s credentials investigated by regulators
Regulators are investigating the fact that Robinhood CEO Vlad Tenev is not licensed by FINRA. CNN’s Matt Egan…
Continue Reading The Porsche dynasty is taking on Jeff Bezos and Elon Musk in space
By Hanna Ziady, CNN Business Porsche SE, the family holding company that controls Volkswagen Group, is the latest big investor to bet on…
Continue Reading The economy is still not back to normal. The Delta variant won’t make it easier
By Anneken Tappe, CNN Business America’s economy isn’t back to normal yet, and much of the recovery depends on consumers: how much…
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Pfizer says 3rd vaccine dose ‘strongly’ protects against Delta variant
NEW YORK, NY —Â A third dose of the Pfizer/BioNTech Covid-19 vaccine can “strongly” boost protection against the Delta variant…
Continue Reading Amazon is everywhere. Here’s how the US could break it up
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…
Continue Reading US lawmakers turn up heat on American sponsors over Beijing Olympics
By Diksha Madhok, CNN Business US lawmakers are piling pressure on major American corporate sponsors of the 2022 Winter Olympics in Beijing as…
Continue Reading Boeing returns to profitability, drops layoff plans
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…
Continue Reading Apple, Google and Microsoft made $57 billion last quarter
By Julia Horowitz, CNN Business A rapid shift to digitization due to Covid-19 has handsomely benefited the world’s biggest tech companies. Yet…
Continue Reading Chicken sandwich and BTS meal helped boost McDonald’s sales
By Danielle Wiener-Bronner, CNN Business McDonald’s celebrity meal strategy and revamped chicken sandwich lineup is working. Sales at US stores…
Continue Reading Walmart will cover college tuition for its workers
Walmart is expanding its academic program to pay the full college tuition and book costs for its US workers at 10 partner…
Continue Reading All bets are off if the Fed and White House are wrong about inflation
By Matt Egan, CNN Business The White House and the Federal Reserve broadly agree: Inflation isn’t here to stay. Red-hot prices will cool off as…
Continue Reading Beijing calls for calm after historic tech stock rout
By Michelle Toh, CNN Business Chinese state media is urging investors to stay calm following a brutal stock market sell-off this week that has wiped…
Continue Reading Facing an employee walkout, Activision Blizzard CEO says his company’s response to lawsuit was ‘tone deaf’
Nowhere is the gaming industry growing faster than the Middle East, and Dubai-based PLG is producing gaming tournaments, talk shows and livestreams…
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