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Opinion by Scott Galloway for CNN Business Perspectives Remember when Adam Neumann, the CEO of WeWork, pronounced that his startup was going to “elevate the world’s consciousness” versus what the company really did, which was renting desks? There’s a term for that: “Yogababble.” Yogababble is an attempt to smear Vaseline over the lens of truth,
Continue ReadingCNN, CNN BUSINESS Opinion by Scott Galloway for CNN Business Perspectives Remember when Adam Neumann, the CEO of WeWork, pronounced that his startup was going to “elevate the world’s consciousness” versus what the company really did, which was renting desks? There’s a term for that: “Yogababble.” Yogababble is an attempt to smear Vaseline over the
Continue ReadingBy Beth Braverman Millions of Americans left or lost their jobs during the pandemic and many have decided that they don’t want to go back to work …. at least not for someone else. There were nearly 5.4 million new business applications in the United States last year, according to an analysis of Census data
Continue ReadingBy Mark Thompson and Chris Liakos, CNN Business Europe is planning to cut deeper into the Russian economy with a new round of sanctions that includes a ban on coal imports. It’s also working on sanctions that could target Russian oil. The measures were announced Tuesday by European Commission President Ursula von der Leyen and
Continue ReadingBy Julia Horowitz, CNN Business Investors are breathing a sigh of relief after regulators in Beijing extended an olive branch to the United States, indicating they could change their policies so that Chinese companies could avoid getting kicked off Wall Street. What’s happening: Shares of tech giant Alibaba in New York rallied almost 7% on
Continue ReadingBy Michelle Toh, CNN Business Gogoro, a Taiwanese electric scooter startup that’s backed by Al Gore and one of Apple’s biggest suppliers, is about to have its day on Wall Street. The company will debut on the Nasdaq on Tuesday after merging with a special purpose acquisition company, Poema Global (PPGH). The deal values the
Continue ReadingBy Laura He, CNN Business The World Bank said on Tuesday that countries in Asia may have to deal with three major economic shocks this year — the war in Ukraine, a sharp slowdown in China, and rate hikes from the US Federal Reserve. The development bank cut its 2022 growth forecast for East Asia
Continue ReadingBy Tiffany Anthony and Nicole Chavez, CNN A judge in Los Angeles has ruled a law requiring public companies headquartered in California to diversify their boards violates the state’s constitution, court documents show. On Friday, Judge Terry Green of Los Angeles County Superior Court sided with Judicial Watch, a conservative legal group that filed a
Continue ReadingBy Casey Tolan and Audrey Ash, CNN Photographs by Rachel Woolf for CNN The steel mill that looms over low-slung neighborhoods in Pueblo, Colorado, is a rare bright spot for American manufacturing. Once part of the state’s largest private employer, pumping out steel that was used to build rail lines across the Western US, it
Continue ReadingBy Matt Egan, CNN Business Two top House Democrats are pushing the CEOs of ExxonMobil, Chevron, BP and Shell to scrap their stock buyback and dividends during the war in Ukraine and shift funding for those shareholder rewards towards lowering prices at the gas pump. “As Vladimir Putin’s illegal war against Ukraine is raising gas
Continue ReadingBy Danielle Wiener-Bronner, CNN Business On Monday Coca-Cola unveiled a new, limited-edition flavor that’s supposed to taste like…pixels. Yes, pixels. “Coca-Cola Zero Sugar Byte makes the intangible taste of the pixel tangible,” Oana Vlad, senior director of strategy at Coca-Cola, told CNN Business in an email. “Byte” is the second flavor to emerge from the
Continue ReadingMore workers are returning to the office after working from home the last two years. Not only has this meant an adjustment to daily routines, but also spending, as employees start shelling out money for commuting costs, coffee and lunch runs and office attire — all of which has been made more expensive by rising
Continue ReadingCNN, POOL More workers are returning to the office after working from home the last two years. Not only has this meant an adjustment to daily routines, but also spending, as employees start shelling out money for commuting costs, coffee and lunch runs and office attire — all of which has been made more expensive
Continue ReadingBy Paul R. La Monica, CNN Business Are upper middle class and affluent shoppers starting to feel the pinch from higher prices and geopolitical concerns? If so, what does that mean for the rest of American consumers? Stock market volatility, inflation and concerns about rising interest rates could soon slow all parts of the economy
Continue ReadingBy Kathryn Vasel Amid America’s Great Resignation, millions of workers continue to leave their jobs. In February, 4.4 million employees quit, according to the Labor Department, and the unemployment rate dropped to a pandemic-era low of 3.6% in March. But despite headlines about employers struggling to attract and hire workers, finding a new job can
Continue ReadingBy Jeanne Sahadi, CNN Business Soaring inflation. The war in Ukraine. Yet another rise in Covid cases. With so much going on this year it’s been hard to focus on things like filing your taxes. Nevertheless, the IRS still expects you to file your 2021 return and pay whatever you still owe by the filing
Continue ReadingCNN, CNN BUSINESS By Jeanne Sahadi, CNN Business Soaring inflation. The war in Ukraine. Yet another rise in Covid cases. With so much going on this year it’s hard to focus on things like filing your taxes. Nevertheless, the IRS still expects you to file your 2021 return and pay whatever you still owe by
Continue ReadingBy Matt Egan, CNN Business It’s a tale of two oil trends for ExxonMobil: The company will post a massive profit increase for the first quarter thanks to the oil price spike, but it’s bracing to lose money on its planned exit from Russia. Exxon disclosed the news Monday ahead of its official quarterly earnings
Continue ReadingBy Nadeen Ebrahim, CNN The Ukraine war is wreaking havoc on the world economy, but in the Middle East its impact hasn’t been so grim for everyone. Some of the world’s biggest hydrocarbon producers, the Gulf nations are seeing billions of dollars added to their coffers aided by a Ukraine war-driven rally in oil prices.
Continue ReadingBy Anna Cooban, CNN Business European officials have signaled that they could sanction Russia’s energy exports after images emerged of mass killings of civilians in Bucha, near the Ukrainian capital. Josep Borrell, the European Union’s top diplomat, said in a statement Monday that the bloc was working as a “matter of urgency” on drawing up
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