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CNN, CNN BUSINESS By Danielle Wiener-Bronner, CNN Business The tide could be turning on consumers’ willingness to pay higher prices, Coca-Cola CEO James Quincey warned Thursday. Consumer goods companies have been steadily hiking prices as their own production costs rise, and so far, shoppers seem to be accepting the increases. Executives at McDonald’s, Chipotle and
Continue ReadingBy Christine Romans, CNN Business There’s an uninvited guest coming to your Super Bowl party this year: inflation. Last year’s shindig may have been a casualty of Covid hibernation. This year, with mass vaccinations and more widespread testing, such a get-together is finally possible. And with it comes a grocery bill that reflects the surging
Continue ReadingBy Kathryn Vasel, CNN Business Job listings can be extremely detailed, with long lists of responsibilities and required skills, descriptions of company culture and perks, and numerous other reasons for why you might want to work there. But there’s often one glaring omission: the pay. Only about 12% of postings from US online job sites
Continue ReadingCNN By Peter Valdes-Dapena, CNN Business Americans love Italian cars if they have big price tags and names like Ferrari and Lamborghini. But more mass-market Italian manufacturers like Fiat and Alfa Romeo have struggled to find their way into the hearts of American car buyers. Alfa Romeo does have its ardent fans in the United
Continue ReadingBy Peter Valdes-Dapena, CNN Business Americans love Italian cars if they have big price tags and names like Ferrari and Lamborghini. But more mass-market Italian manufacturers like Fiat and Alfa Romeo have struggled to find their way into the hearts of American car buyers. Alfa Romeo does have its ardent fans in the United States.
Continue ReadingBy Jordan Valinsky, CNN Business McDonald’s is getting ready for spring with the arrival of the Shamrock Shake. Beginning February 21, the fan-favorite milkshake — as well as an Oreo Shamrock McFlurry — will go on sale at US restaurants for a limited time. Prices vary by location. This year, McDonald’s is also releasing the
Continue ReadingBy Julia Horowitz, CNN Business Buying a burrito bowl or a burger will hit your wallet a lot harder these days. What’s happening: An order at Chipotle costs about 10% more than it did one year ago, the restaurant chain said when reporting earnings on Tuesday. That means that if a steak burrito cost $8
Continue ReadingBy Frank Pallotta, CNN Business Wall Street was not kind to Netflix when the streaming giant released its year-end results last month. Weak financial guidance sent its stock tumbling. Is Disney+ — the other big name in streaming — about to take a similar beating? Disney is set to report first-quarter earnings on Wednesday and
Continue ReadingBy Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Reporters who cover the US military are alarmed by a lack of access right now. For decades, American journalists have been granted embed opportunities when American military forces deploy abroad.
Continue ReadingCNN By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Reporters who cover the US military are alarmed by a lack of access right now. For decades, American journalists have been granted embed opportunities when American military forces deploy
Continue ReadingBy Allison Morrow, CNN Business Starbucks fired seven workers who were involved in unionizing in Memphis, Tennessee, fueling accusations that the company is retaliating against a growing labor movement at its locations across the United States. Starbucks denied that the firings were linked to the employees’ organizing efforts. A company spokesman, Reggie Borges, said the
Continue ReadingBy Sonia Moghe, CNN Former New York Times editorial page editor James Bennet took the witness stand in the trial for Sarah Palin’s lawsuit against the paper, telling the court he thought he had apologized to Palin for an editorial that erroneously linked her to the deadly 2011 shooting that injured former Congresswoman Gabrielle Giffords.
Continue ReadingCNN, CNNBUSINESS By Frank Pallotta, CNN Business Leslie Jones can keep posting unfiltered videos of herself commenting on the Olympics, according to NBC. On Monday, Jones said she would stop making the videos, because they were routinely getting blocked. But NBC said Tuesday that the former “Saturday Night Live” cast member can continue offering her
Continue ReadingBy Anna Bahney, CNN Business A big year for car and home shopping helped push Americans to take on a lot more debt last year. Household debt increased by $1 trillion in 2021, the biggest annual increase since 2007, according to data from the Federal Reserve Bank of New York. In the fourth quarter alone,
Continue ReadingBy Peter Valdes-Dapena, CNN Business Hyundai and Kia are telling owners of almost 500,000 cars and SUVs in the United States to park outside and away from buildings due to a possible defect that can cause the vehicles to spontaneously catch fire even when not running. The problem is that, due to “foreign contaminants,” the
Continue ReadingAmerican workers keep leaving their jobs, and many are looking for something better. In December alone, 4.3 million workers parted ways with their employer. If you are thinking about making a move, now’s a good time to do it. There were nearly 11 million job openings at the end of 2021 and companies are beefing
Continue ReadingCNN, CNN BUSINESS By Peter Valdes-Dapena, CNN Business Major automakers are coming out with electric cars and SUVs that could, one day, threaten Tesla’s dominance in that field. But there’s a big fight brewing in another electric vehicle market where Tesla doesn’t even play. Electric work vans. Electric vans present a big opportunity because of
Continue ReadingBy Peter Valdes-Dapena, CNN Business Major automakers are coming out with electric cars and SUVs that could, one day, threaten Tesla’s dominance in that field. But there’s a big fight brewing in another electric vehicle market where Tesla doesn’t even play. Electric work vans. Electric vans present a big opportunity because of two concurrent trends.
Continue ReadingBy Sean Lyngaas, CNN Business A New York couple has been arrested and charged with conspiring to launder $4.5 billion in stolen cryptocurrency funds. Law enforcement officials have seized $3.6 billion of those funds in what US Deputy Attorney General Lisa Monaco called “the department’s largest financial seizure ever.” Ilya Lichtenstein, 34, and his wife,
Continue ReadingCNN, CNN BUSINESS By Jordan Valinsky, CNN Business Peloton is replacing embattled CEO John Foley and cutting about 20% of its workforce to help reinvigorate the flailing fitness company. Barry McCarthy, the former chief financial officer of Spotify and Netflix, will become its CEO and president, effective Wednesday. Foley will become the company’s executive chair,
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