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By Anna Bahney, CNN Business There is still emergency rental assistance available for those struggling to cover their rent because of the pandemic. But some of that aid will soon be shifted to places that have run out of funds and still have people in need of help. The US Department of Treasury will begin
Continue ReadingCNN, CNNBUSINESS By Ramishah Maruf, CNN Business Better.com CEO Vishal Garg announced the mortgage company is laying off about 9% of its workforce on a Zoom webinar Wednesday abruptly informing the more than 900 employees on the call they were being terminated just before the holidays. “If you’re on this call, you are part of
Continue ReadingBy Julia Horowitz, CNN Business The era of big Chinese companies heading to the United States to raise money may have just come to an end. What’s happening: China’s Didi announced Friday that it will “immediately” start the process of delisting from the New York Stock Exchange and pivot to Hong Kong. Coming just months
Continue ReadingBy Anneken Tappe, CNN Business The November jobs report looked disappointing at first glance, but the details show that the recovery is very much moving along. US employers added another 210,000 jobs to the economy in November, far fewer than expected, the Bureau of Labor Statistics reported Friday. It was the smallest number of jobs
Continue ReadingBy Angela Dewan and Julia Horowitz, CNN Business Shell has pulled out of a controversial oil project in Scotland that was strongly opposed by climate activist groups. The company said its decision was based on the economics of the project and the risk of delays, and that it remained committed to its oil and gas
Continue ReadingBy Oliver Darcy, CNN Business Dr. Anthony Fauci on Thursday night called out Fox News for staying silent after one of its personalities and streaming hosts, Lara Logan, compared him to an infamous Nazi doctor. Speaking on MSNBC with host Chris Hayes, Fauci said, “What I find striking, Chris, is how she gets no discipline
Continue ReadingBy Laura He, CNN Business Didi said Friday that it would “immediately” start the process of delisting from the New York Stock Exchange and pivot to Hong Kong, just months after its disastrous IPO. “After a careful study, the company will start delisting on the New York Stock Exchange immediately, and start preparations for listing
Continue ReadingCNN By Clare Duffy, CNN Business The independent board that oversees Facebook parent company, Meta, is once again urging the social media giant to be more transparent about its content moderation decisions. The Facebook Oversight Board on Thursday released two rulings overturning Meta’s decisions to remove user posts from its platforms, saying the content did
Continue ReadingBy Donie O’Sullivan, CNN Business Facebook has sold ads promoting anti-vaccine messages, comparing the US government’s response to Covid-19 to Nazi Germany, casting doubt on the result of the 2020 election, and even pushing political violence. The ads have been run by merchandise companies that have spent hundreds of thousands of dollars on Facebook over
Continue ReadingBy Rishi Iyengar, CNN Business The Federal Trade Commission on Thursday sued to block US chipmaker Nvidia’s proposed $40 billion takeover of UK chip design firm Arm, saying it would stifle competition and give the combined company too much control over chip technology and designs. The lawsuit threatens to scuttle the world’s biggest ever semiconductor
Continue ReadingBy Rachel Metz, CNN Business Like many other Spotify users, I opened the music streaming app on Wednesday and received a cheerful message: “Your 2021 Wrapped is here,” it read, imploring me to explore the top songs, artists, and podcasts I listened to “in a year that was far from normal.” I cringed while tapping
Continue ReadingCNN, CNNBUSINESS By Chris Isidore, CNN Business Major League Baseball’s string of 26 straight seasons of labor peace came to an end early Thursday when the owners locked out the players. That’s bad news for fans of the sport, even if there isn’t a single game canceled as a result. In the world of labor
Continue ReadingBy Chris Isidore, CNN Business Major League Baseball’s string of 26 straight seasons of labor peace came to an end early Thursday when the owners locked out the players. That’s bad news for fans of the sport, even if there isn’t a single game canceled as a result. In the world of labor relations, a
Continue ReadingBy Matt Egan, CNN Business The worldwide computer chip shortage is fanning the flames of inflation and limiting the supply of everything from iPhones to new cars. Unfortunately, this highly disruptive shortage is unlikely to go away until “deep into 2022,” Commerce Secretary Gina Raimondo told CNN. Raimondo, who recently toured semiconductor factories in Asia,
Continue ReadingCNN, POOL By Jennifer Korn Like many gamers in recent weeks, Nicole DeSantis, 33, from outside Philadelphia, combed through social media sites trying to find insider information on where to get a PlayStation 5 this holiday season. Stemming from the global chip shortage, video game consoles this year are particularly hard to come by. After
Continue ReadingBy Jennifer Korn Like many gamers in recent weeks, Nicole DeSantis, 33, from outside Philadelphia, combed through social media sites trying to find insider information on where to get a PlayStation 5 this holiday season. Stemming from the global chip shortage, video game consoles this year are particularly hard to come by. After successfully scoring
Continue ReadingBy Nathaniel Meyersohn, CNN Business Dollar General has become a retail empire by building small stores in rural towns across America to attract mainly low-income shoppers. Now, the company will expand its push to win wealthier customers in the suburbs using a new store model and name: Popshelf. Dollar General said Thursday it will open
Continue ReadingBy Anneken Tappe, CNN Business The stock market’s volatility is showing no signs of letting up. US equities rallied on Thursday, rebounding from the prior two days of steep losses. All three major indexes ended the day in the green and then some: The Dow finished up nearly 620 points, or 1.8%. It was the
Continue ReadingBy Frank Pallotta, CNN Business If you went to Major League Baseball’s website on Thursday and felt something was off, you’re not alone. MLB’s website has become a desolate place that lacks any news or images of baseball’s biggest stars. That’s because of the MLB lockout — the ninth work stoppage in baseball history, which
Continue ReadingBy Jordan Valinsky, CNN Business Burger King’s Whopper is turning 64 years old, and it’s giving the sandwich a price to match. This Friday and Saturday, Burger King will sell its signature sandwich for 37 cents in what it’s calling a “two-day birthday bash.” The promotion will be offered exclusively to members of the chain’s
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