CNN – Business/Consumer

By Ramishah Maruf, CNN Business Billionaire Charlie Munger’s controversial plans for a massive, windowless dorm at the University of California, Santa Barbara has left many wondering — how is this even possible? The answer is at the University of Michigan, where the Munger Graduate Residence Hall houses more than 600 graduate students in 6 to

CNN By Ramishah Maruf, CNN Business Billionaire Charlie Munger is bankrolling the design of a massive dormitory at the University of California, Santa Barbara. The $1.5 billion project comes with a major catch — 94% of the dorm’s single occupancy rooms are in the interior of the building, and have no windows. A consulting architect

CNN By Chris Isidore, CNN Business Pfizer reported that earnings and sales more than doubled in the past quarter, and it raised its outlook for results the full year, thanks greatly to its Covid-19 vaccine. The company reported adjusted earnings of $7.7 billion, up 133% from a year earlier. Revenue soared to $24.1 billion, up

By Chris Isidore, CNN Business Pfizer reported that earnings and sales more than doubled in the past quarter, and it raised its outlook for results the full year, thanks greatly to its Covid-19 vaccine. The company reported adjusted earnings of $7.7 billion, up 133% from a year earlier. Revenue soared to $24.1 billion, up 134%.

CNN By Diksha Madhok, CNN Business As Covid-19 wreaked havoc around the world last year, the 39-year-old son of an Indian billionaire was laying the groundwork for a plan he hoped would eventually end the pandemic. Adar Poonawalla — the CEO of Serum Institute of India (SII), the world’s largest vaccine maker — pumped hundreds

By Diksha Madhok, CNN Business As Covid-19 wreaked havoc around the world last year, the 39-year-old son of an Indian billionaire was laying the groundwork for a plan he hoped would eventually end the pandemic. Adar Poonawalla — the CEO of Serum Institute of India (SII), the world’s largest vaccine maker — pumped hundreds of

By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. “The entire nation is watching” the Virginia governor’s race, Republican candidate Glenn Youngkin told an audience in Richmond on Monday as he urged voters to help him defeat Democrat Terry

CNN By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. “The entire nation is watching” the Virginia governor’s race, Republican candidate Glenn Youngkin told an audience in Richmond on Monday as he urged voters to help him defeat Democrat

CNN, CNNBUSINESS Opinion by Matt Damon and Gary White for CNN Business Perspectives A global shift is happening. Governments are increasingly allocating resources to energy alternatives. Consumers are demanding that companies take active measures to protect the environment through carbon offsets and recyclable packaging. Investors are integrating environmental, social, and governance (ESG) objectives into their

CNN, CNNBUSINESS Opinion by Matt Damon and Gary White for CNN Business Perspectives A global shift is happening. Governments are increasingly allocating resources to energy alternatives. Consumers are demanding that companies take active measures to protect the environment through carbon offsets and recyclable packaging. Investors are integrating environmental, social, and governance (ESG) objectives into their

By Jordan Valinsky, CNN Business A digital currency based off the popular Netflix series “Squid Game” is trading at $0 after its creators cashed out, effectively stealing an estimated $2.1 million from investors. The cryptocurrency, appropriately called SQUID, surged as high as $2,861 before falling to $0 as of Monday, according to CoinMarketCap. The scam,

CNN By Matt Egan, CNN Business Democrats’ $1.75 trillion economic and climate bill could end up delivering a tax cut for the richest 5% of Americans, a new analysis finds. The Build Back Better framework released by the White House last week calls for tax increases on the richest families, including a surtax on multi-millionaires

CNN, CNNBUSINESS By Mark Thompson, CNN Business The American chief executive of Barclays, Jes Staley, is stepping down with immediate effect following an investigation by British regulators into his relationship with disgraced financier Jeffrey Epstein, the bank said on Monday. The investigation by the Financial Conduct Authority (FCA) and the Bank of England’s Prudential Regulation