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By Chris Isidore and Caroll Alvarado, CNN New York (CNN) — Hundreds of thousands of US airline customers were stranded this week as severe weather grounded planes and led to canceled flights. But storms were only one factor behind the travel nightmare. Staffing shortages, at both US airlines and the Federal Aviation Administration’s air traffic
Continue ReadingCNN By Ramishah Maruf, CNN New York (CNN) — United CEO Scott Kirby is apologizing to customers and his own employees after taking a private jet during a week when his airline was canceling thousands of flights. The airline confirmed Kirby flew from Teterboro Airport in New Jersey to Denver, Colorado, on Wednesday, and that
Continue ReadingBy Nathaniel Meyersohn, CNN New York (CNN) — Some shoppers are buying Costco’s $4.99 rotisserie chickens and paying at self-checkout. The problem: They aren’t all members. Since Costco has expanded self-checkout, the company has noticed that non-members have been sneaking in to use membership cards that don’t belong to them. The warehouse club retailer will
Continue ReadingBy Laura He, CNN Hong Kong (CNN) — Bernard Arnault, chairman and CEO of LVMH (LVMHF), has arrived in China for his first visit to the country since the end of its strict Covid restrictions, after his company posted a jump in sales driven by a rapid rebound in Chinese spending on luxury goods. The
Continue ReadingCNN By Ramishah Maruf, CNN New York (CNN) — A group of American fashion influencers and creators has received online backlash after they visited a model factory in China as part of a tour sponsored by Shein, an internet shopping giant, and posted glowing reviews. Shein is among a number of companies founded in China
Continue ReadingBy Ramishah Maruf, CNN New York (CNN) — A group of American fashion influencers and creators has received online backlash after they visited a model factory in China as part of a tour sponsored by Shein, an internet shopping giant, and posted glowing reviews. Shein – which is known for selling trendy clothing at low
Continue ReadingBy Danielle Wiener-Bronner, CNN New York (CNN) — Lawmakers and prominent social media personalities have in recent days rallied against a proposed New York City rule that some say would crack down on the city’s beloved pizzerias. Sen. Marsha Blackburn of Tennessee tweeted Monday that “New York City wants to ban wood-fired pizzerias,” adding that
Continue ReadingBy Peter Valdes-Dapena, CNN New York (CNN) — As Ford shifts to producing more electric vehicles, it expects to lay off a number of employees, mostly engineers, in North America over the coming days. The company would not confirm any specific number of employees involved. “This is related to the Ford+ growth plan we introduced
Continue ReadingBy Jordan Valinsky, CNN Business New York (CNN) — Spirits maker Diageo has cut ties with Sean “Diddy” Combs, ending a lucrative 15-year partnership that recently culminated in a racial discrimination lawsuit. The music mogul charged that Diageo had neglected and underpromoted his DeLeón tequila, dismissing it as an “urban” product in its marketing, in
Continue ReadingBy Matt Egan, CNN Business New York (CNN Business) — The United States is recovering faster than its peers from the historic bout of inflation squeezing families and souring the mood of the nation, according to a new analysis from White House economists. Inflation remains much higher than economists or American families would like, a
Continue ReadingBy Allison Morrow, CNN New York (CNN) — A federal judge on Tuesday denied efforts by Sam Bankman-Fried, the crypto entrepreneur accused of orchestrating a multibillion-dollar fraud, to have some of his criminal charges thrown out. Judge Lewis Kaplan of the Southern District of New York said in an opinion that the defense’s arguments “are
Continue ReadingBy Danielle Wiener-Bronner, CNN New York (CNN) — Starbucks will clarify its policy on Pride decorations following criticism and strikes at unionized stores. “We intend to issue clearer centralized guidelines… for in-store visual displays and decorations that will continue to represent inclusivity and our brand,” Sara Trilling, president of Starbucks North America, wrote in an
Continue ReadingCNN By Danielle Wiener-Bronner, CNN New York (CNN) — Starbucks will clarify its policy on Pride decorations following criticism and strikes at unionized stores. “We intend to issue clearer centralized guidelines… for in-store visual displays and decorations that will continue to represent inclusivity and our brand,” Sara Trilling, president of Starbucks North America, wrote in
Continue ReadingBy Elisabeth Buchwald, CNN New York (CNN) — US inflation could hit the Federal Reserve’s 2% target in 2025, Bank of America CEO Brian Moynihan told CNN in an exclusive interview Tuesday. “We think it will take [Fed officials] all of this year and all of next year and into 2025 before they get inflation
Continue ReadingBy Nathaniel Meyersohn, CNN New York (CNN) — Pickleball, America’s fastest-growing sport, is taking a toll on players’ wrists, legs and shoulders. And it’s especially popular with injury-prone seniors, which is driving up the cost burden. Pickleball injuries may cost Americans $377 million in health care costs this year, accounting for 5% to 10% of
Continue ReadingBy Parija Kavilanz, CNN New York (CNN) — Walgreens Boots Alliance on Tuesday reported earnings that tumbled from the same time a year ago amid softening consumer spending and a pullback in demand for Covid vaccines. The pharmacy chain posted earnings for its fiscal third quarter of $118 million, or 14 cents a share, compared
Continue ReadingCNN By Nathaniel Meyersohn, CNN New York (CNN) — At the start of the Covid-19 pandemic, nobody wanted to work full time in the office. Three years later, many of those same people have soured on working full time at home. Enter the co-working space, which allows for a bit of everything. But it’s not
Continue ReadingBy Alicia Wallace, CNN Minneapolis (CNN) — Americans are feeling fairly bullish about the US economy: A key measurement of consumer confidence just jumped to its highest level since January 2022. The Conference Board’s Consumer Confidence Index was 109.7 in June, rising from 102.5 the month before, according to a report released Tuesday. The latest
Continue ReadingBy Anna Bahney and Alicia Wallace, CNN Washington, DC (CNN) — New home sales surged in May, as buyers looked to new construction as an alternative to the low inventory of existing homes for sale. Sales of newly constructed homes were up 12.2% in May from April, and up 20% from a year ago, according
Continue ReadingBy Anna Bahney and Alicia Wallace, CNN (CNN) — Home prices rose in April for a third consecutive month, according to the latest S&P CoreLogic Case-Shiller US National Home Price Index released Tuesday. After seasonal adjustment, the national index rose 0.5% in April from March. Both the 10-City and 20-City composites saw increases, too, rising
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