CNN – Business/Consumer

By Chris Isidore, CNN A Utah CEO who is demanding that many of his remote employees start working in the company’s offices says staff members must make sacrifices, and questions whether people who serve as primary caregivers for their children, specifically working mothers and single mothers, are doing right by both their employers and their

CNN By Michelle Toh, CNN The United States Chamber of Commerce has warned that rising scrutiny of American firms in China “dramatically increases” the uncertainties and risks of doing business in the country. The influential business lobby said Friday it was closely monitoring “heightened official scrutiny” of US firms by the Chinese authorities, following the

By Allison Morrow, CNN The CEO whose “pity city” speech backfired spectacularly is now apologizing to her employees. “I feel terrible that my rallying cry seemed insensitive,” wrote Andi Owen, chief executive of office furniture giant MillerKnoll, in an email to staff Tuesday. “What I’d hoped would energize the team to meet a challenge we’ve

By Oliver Darcy, CNN BuzzFeed News, the Pulitzer Prize-winning digital news website that took the internet by storm roughly a decade ago and inspired jealousy from legacy media organizations, will shutter, BuzzFeed chief executive Jonah Peretti announced Thursday. The move was part of broader layoffs across BuzzFeed, Peretti said in a memo to staffers, with

CNN, CNN BUSINESS By Jordan Valinsky, CNN Business Tuesday Morning is going out of business and closing all of its stores. It is the second major US home goods retailer to go bust in recent days. The retailer announced on Facebook and its website that it has started a going-out-of-business sale with 30% off discounts

By Danielle Wiener-Bronner, CNN Several Anheuser-Busch facilities received threats last week, a company spokesperson confirmed, following weeks of backlash against Bud Light because it sponsored two Instagram posts from a transgender woman. “The safety of our employees is always our top priority,” the company spokesperson said in a statement to CNN. “We worked quickly with

By Nicole Goodkind, CNN Banks have pledged to go green, but last year they poured billions of dollars into expanding the capacity of fossil fuel production despite the accelerating climate crisis. Banks provided $673 billion to finance the fossil fuel industry last year, even as oil and gas companies made $4 trillion in profits, according

CNN By Jennifer Korn, CNN Fox News’ legal battle with Dominion Voting Systems is over. It now has to deal with Smartmatic, which is seeking billions of dollars more than its rival wanted in damages. The voting technology company filed a lawsuit against Fox in New York state courts for defamation following the 2020 election,

By Jennifer Korn, CNN Fox News’ legal battle with Dominion Voting Systems is over. It now has to deal with Smartmatic, which is seeking billions of dollars more than its rival wanted in damages. The voting technology company filed a lawsuit against Fox in New York state courts for defamation following the 2020 election, and

By Laura He, CNN Shares in Tesla’s Chinese rivals fell on Thursday, after CEO Elon Musk signaled that the company will continue cutting prices to boost demand for electric cars in an increasingly competitive market. XPeng plunged 8% in Hong Kong, while Nio sank 5.6%. Li Auto and Leapmotor tumbled 4.2% and 2.4% respectively. BYD,

CNN By Marshall Cohen and Oliver Darcy, CNN Veteran mediator Jerry Roscoe was on a relaxing river cruise from Budapest to Bucharest celebrating his 70th birthday on Sunday when he received an urgent phone call. The voice on the other end asked Roscoe if he would serve as an eleventh-hour mediator in the massive defamation