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By Kerry Flynn, CNN Business Around midnight one Saturday late last year, Eva Rodriguez, 24, had trouble breathing. She lost her vision, started sweating and felt a sharp pain in her stomach. She worried she was having a heart attack. For two weeks leading up to that night, Rodriguez said recently, she had been working
Continue ReadingBy Walé Azeez, CNN Business Millions of people across Europe may not be able to afford to heat their homes this winter as gas and electricity prices soar. Experts, anti-poverty organizations and environmental campaigners are warning that the coronavirus pandemic and rising prices have intensified a longstanding problem tied to a combination of high energy
Continue ReadingBy Julia Horowitz, CNN Business A resilient stock market, fueled by central bank and government stimulus, is pushing a record number of companies to raise money by offering shares on public markets. That’s been a huge boon for the Wall Street banks orchestrating the deals. “I honestly thought last year would be the busiest in
Continue ReadingBy Charles Riley, CNN Business A fuel crisis that threatened to stop the world’s fifth largest economy in its tracks appears to be easing. For nearly a week, British motorists have found service stations closed and long lines at those that still had gasoline and diesel. The shortages provoked an angry response from some members
Continue ReadingBy Jill Disis, CNN Business Factories in China are struggling at a time when the world’s second largest economy has to contend with yet another concern: a growing power supply crunch. A government survey of manufacturing activity released Thursday fell to 49.6 in September, down from 50.1 in August. Any reading below 50 indicates contraction
Continue ReadingBy Vanessa Yurkevich, CNN The restaurant industry is in worse shape now than it was three months ago, according to a new survey by the National Restaurant Association. Seventy-eight percent of restaurant operators said they have experienced a decline in customer demand in recent weeks because of Delta variant concerns, according to survey data released
Continue ReadingBy Nathaniel Meyersohn, CNN Business Dollar Tree for decades has sold most of its products for a dollar. Now it’s adding products for higher prices at thousands of stores. The company said Tuesday that it will begin selling items at $1.25 and $1.50 at some locations for the first time. It will also add $3
Continue ReadingBy Frank Pallotta, CNN Business Disney+ has found success with a series about the adventures of one bounty hunter in a galaxy far, far away. So why not two? “The Book of Boba Fett,” a new Star Wars series starring the franchise’s infamous bounty hunter, will premiere exclusively on the service on December 29, Disney
Continue ReadingCNN By Frank Pallotta, CNN Business Disney+ has found success with a series about the adventures of one bounty hunter in a galaxy far, far away. So why not two? “The Book of Boba Fett,” a new Star Wars series starring the franchise’s infamous bounty hunter, will premiere exclusively on the service on December 29,
Continue ReadingBy Alicia Wallace, CNN Business Bacon is more expensive for Americans than it has been in the past 40 years. And yes, that is accounting for inflation. That hankering for pork chops is costing you about 7% more than 12 months ago. The average price for that slab of bacon to accompany the Sunday morning
Continue ReadingBy Jeanne Sahadi, CNN Business Football season is here. The World Series is around the corner. NBA off-season trades are happening. And never has there been an easier time to bet on them, just by pulling out your phone. While it’s meant as a form of entertainment, ease of access, combined with Americans’ obsession with
Continue ReadingBy Matt Egan, CNN Business General Motors CEO Mary Barra will become the first-ever female chair of the Business Roundtable, a powerful CEO alliance, beginning in January. Barra said her election is an honor, and she pledged to continue to “help advance policies that offer greater economic growth and opportunities for all Americans.” She will
Continue ReadingBy Hanna Ziady, CNN Business Seafarers, truck drivers and airline workers have endured quarantines, travel restrictions and complex Covid-19 vaccination and testing requirements to keep stretched supply chains moving during the pandemic. But many are now reaching their breaking point, posing yet another threat to the badly tangled network of ports, container vessels and trucking
Continue ReadingBy Jill Disis, CNN Business CNN says it will no longer publish content to Facebook in Australia. The decision comes after the country’s highest court ruled that media companies are liable for comments people post under articles on the platform. Earlier this month, the High Court of Australia dismissed an argument brought by three major
Continue ReadingBy Chris Isidore, CNN Business As the global supply chain crisis continues to roil the global economy, the list of impacted industries is growing by the day. The latest: paint. Sherwin-Williams said this week that strong demand for paint isn’t enough to prevent it from having to trim its revenue and profit forecasts. The company
Continue ReadingOpinion by Steven Hassan for CNN Business Perspectives In 1974, I was recruited into a cult. Known as the Unification Church, but often referred to as the Moonies, the group was — and still is — a far-right cult founded by the Korean cult leader Sun Myung Moon. The Moonies believe that Moon was greater
Continue ReadingCNN, WCBS, WWNY, SPECTRUM NEWS NY1, NEWS 12 LONG ISLAND Opinion by Steven Hassan for CNN Business Perspectives In 1974, I was recruited into a cult. Known as the Unification Church, but often referred to as the Moonies, the group was — and still is — a far-right cult founded by the Korean cult leader
Continue ReadingBy Peter Valdes-Dapena, CNN Business Rolls-Royce, the British manufacturer of very large and very expensive cars and SUVs powered by 12-cylinder engines, announced Wednesday that it will stop selling gasoline powered vehicles by 2030. From then on, Rolls-Royce will be all electric. The automaker also announced the name of the first electric Rolls-Royce, the Spectre,
Continue ReadingBy Julia Horowitz, CNN Business Technology stocks dropped sharply on Tuesday in a painful trading session that led the Nasdaq Composite to its worst day since March. The biggest US companies logged major losses. Apple shed 2.4%, while Microsoft fell 3.6%, Amazon lost 2.6% and Facebook dipped 3.7%. Chipmakers Intel and Nvidia also took a
Continue ReadingBy Charles Riley, CNN Business British motorists desperate for fuel found service stations still closed and long lines at those with gasoline and diesel on Wednesday as the UK government prepared to deploy soldiers in an effort to end days of shortages. The UK military has put 150 tanker drivers on standby to help deliver
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