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By Chris Isidore, CNN Business Texas Gov. Greg Abbott thinks the delays at the nation’s largest ports in Southern California is an opportunity for Texas to capture more business. Or at least he might want his state’s voters to think so, even if he doesn’t believe it. His campaign has put out a video which
Continue ReadingBy Ramishah Maruf and Jacob Lev, CNN Prevea Health and Green Bay Packers quarterback Aaron Rodgers announced they are ending their partnership in a joint statement issued by the company Saturday. Rodgers tested positive for Covid-19 earlier this week and is unvaccinated against the virus. He has been a spokesperson for Prevea Health, which is
Continue ReadingCNN By Ramishah Maruf and Jacob Lev, CNN Prevea Health and Green Bay Packers quarterback Aaron Rodgers announced they are ending their partnership in a joint statement issued by the company Saturday. Rodgers tested positive for Covid-19 earlier this week and is unvaccinated against the virus. He has been a spokesperson for Prevea Health, which
Continue ReadingBy Rishi Iyengar, CNN Business As the criminal trial of Theranos founder Elizabeth Holmes entered its third month this week, much of the focus continued to be on how the failed blood-testing startup was able to attract investments from several wealthy families. Daniel Mosley, an investor who helped facilitate more than $400 million worth of
Continue ReadingBy Parija Kavilanz, CNN Business The Elf on the Shelf — a popular elf doll that parents place around their home in the runup to Christmas to “monitor” if the kids are being naughty or nice — has been showing up in many American households in the days after Thanksgiving for more than 15 years
Continue ReadingBy Swati Gupta and Esha Mitra, CNN Air quality in India’s capital dipped to ‘hazardous’ levels Friday after the festival of Diwali was celebrated with the usual widespread use of fireworks, defying a citywide ban. According to the Air Quality Index (AQI), most locations in Delhi were recording an AQI above 500 on Friday morning,
Continue ReadingCNN, CNNBUSINESS By Jordan Valinsky, CNN Business Peloton investors are going to have to take a meditation class (or several) after its latest earnings report that sent its shares plunging by about a third. The once-hot fitness company reported late Thursday that sales of its stationary bikes and treads, which makes up 60% of its
Continue ReadingBy Walé Azeez, CNN Business World food prices have surged to the highest level in more than a decade, driven by robust demand and lackluster harvests, according to the United Nations. Prices increased for the third consecutive month in October, rising 3% over September, according to an index published by the Food and Agriculture Organization
Continue ReadingBy Reuters Kroger said on Friday a press release touting the acceptance of bitcoin cash at its stores this holiday season is fraudulent, making it the second major retailer in recent weeks to get entangled in a crypto hoax. The release appeared on Kroger’s investor relations page, and was later deleted. The company said the
Continue ReadingCNN By Paul R. La Monica, CNN Business Shares of drug giant Pfizer surged nearly 11% Friday after the company announced positive test results for an experimental pill it has developed to fight Covid-19. Pfizer said the pill reduced the risk of hospitalization and death for high-risk patients who were part of a trial taking
Continue ReadingBy Paul R. La Monica, CNN Business Wall Street got a double dose of good news to cheer on Friday. The job market rebounded sharply in October following a disappointing September. And Pfizer surged after issuing positive data about its Covid-19 pill. The Dow ended the day up more than 200 points, or 0.6%, and
Continue ReadingBy Chris Isidore, CNN Business John Deere says it is looking at all options to provide products to its customers, including possibly using strikebreakers or importing equipment from overseas factories it operates. More than 10,000 members of the United Auto Workers union remain on strike at 12 Midwest factories and facilities of the farm and
Continue ReadingCNN By Jeanne Sahadi, CNN Business Companies are running the numbers this week as they comb through recently released guidance on how to implement President Biden’s Covid-19 vaccination mandate. According to the guidance released Thursday from the Occupational Health and Safety Administration (OSHA), employers with at least 100 employees must offer workers up to four
Continue ReadingBy Jeanne Sahadi, CNN Business Companies are running the numbers this week as they comb through recently released guidance on how to implement President Biden’s Covid-19 vaccination mandate. According to the guidance released Thursday from the Occupational Health and Safety Administration (OSHA), employers with at least 100 employees must offer workers up to four hours
Continue ReadingBy Jeanne Sahadi, CNN Business So many factors go into deciding whether to quit your job, but pay is a big one. Even if money isn’t your top priority, it’s important to figure out how much you’re actually getting from your current employer because what you make is more than just your salary or wage.
Continue ReadingCNN, CNNBUSINESS By Paul R. La Monica, CNN Business Wall Street got a double dose of good news to cheer on Friday. The job market rebounded sharply in October following a disappointing September. And Pfizer surged after issuing positive data about its Covid-19 pill. The Dow ended the day up more than 200 points, or
Continue ReadingCNN, CNNBUSINESS By Anneken Tappe, CNN Business America’s jobs recovery gathered some steam last month as US employers added 531,000 positions in October. The unemployment rate fell to 4.6%, the lowest level since the economic recovery started in May 2020. The number of jobs added in October easily outpaced economists’ prediction of 450,000 jobs. It
Continue ReadingBy Anneken Tappe, CNN Business America’s jobs recovery gathered some steam last month as US employers added 531,000 positions in October. The unemployment rate fell to 4.6%, the lowest level since the economic recovery started in May 2020. The number of jobs added in October easily outpaced economists’ prediction of 450,000 jobs. It marked the
Continue ReadingOpinion by Jessica A. Roth for CNN Business Perspectives As the Elizabeth Holmes trial unfolds, the audacity of the alleged scheme becomes clearer by the day. The purported lies are big, the sums of money staggering, the boldface names riveting. But perhaps what is most remarkable about the case is how unremarkable it is as
Continue ReadingBy Paul R. La Monica, CNN Business Shares of drug giant Pfizer surged nearly 11% Friday after the company announced positive test results for an experimental pill it has developed to fight Covid-19. Pfizer said the pill reduced the risk of hospitalization and death for high-risk patients who were part of a trial taking the
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