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By Danielle Wiener-Bronner, CNN Business A packaging mixup has prompted a recall of a batch of DiGiorno pepperoni pizzas. Nestlé USA, which owns the frozen pizza brand, has recalled a batch of 26-ounce boxes labeled DiGiorno Crispy Pan Crust Pepperoni Pizzas because they actually contain Three Meat Crispy Pan Crust Pizza. The three meat pizza
Continue ReadingBy Clare Duffy, CNN Business TikTok has hit one of the most exclusive milestones in the tech industry. The company said in a blog post Monday that it now has more than 1 billion monthly active users around the world, making it the rare social media application not owned by Facebook or Google to claim
Continue ReadingBy Anneken Tappe The heads of the Boston and Dallas Federal Reserve banks announced they would be retiring early amid backlash over personal investing decisions that raised conflict-of-interest concerns. Eric Rosengren, the Boston Fed chief, cited health concerns Monday in announcing he would step down about a year earlier than planned. He was set to
Continue ReadingBy Ramishah Maruf, CNN Business A German hamster is beating investors at their own game. Since June, a hamster named Mr. Goxx has been running an independent portfolio that trades cryptocurrency from a high-tech cage called the Goxx Box. His portfolio has a wide range of cryptocurrencies, including TRON, Ethereum and Bitcoin. Mr. Goxx’s trading
Continue ReadingCNN By Clare Duffy, CNN Business Derek Jeter had a problem. In 2020, his third year as chief executive and part-owner of the Miami Marlins, the team broke their long streak of missing the playoffs. But after the team had traded away nearly every big-name player on its roster in recent years, he was looking
Continue ReadingCNN By Danielle Wiener-Bronner, CNN Business Given the dizzying array of options in the dairy aisle of the grocery store these days, some may think that the last thing we need is another type of milk. Yogurt maker Danone disagrees. Executives at the company, which owns plant-based dairy brands Silk and So Delicious, as well
Continue ReadingBy Danielle Wiener-Bronner, CNN Business Given the dizzying array of options in the dairy aisle of the grocery store these days, some may think that the last thing we need is another type of milk. Yogurt maker Danone disagrees. Executives at the company, which owns plant-based dairy brands Silk and So Delicious, as well as
Continue ReadingBy Samantha Murphy Kelly, CNN Business Instagram is pressing pause on plans to develop a version of its service for kids under 13 after facing pressure from lawmakers to back down on the effort and new questions about the impact the photo-sharing service has on teen girls. “While we stand by the need to develop
Continue ReadingOpinion by Diane Hoskins for CNN Business Perspectives Extreme weather events — including heat waves, droughts and floods — have unfolded all over the world this summer. The grave impact of climate change is upon us and will continue to have a profound impact on human life. But there are still largely untapped actions we
Continue ReadingBy Matt Egan, CNN Business The V-shaped recovery in the oil patch continues to take even the biggest bulls on Wall Street by surprise. Goldman Sachs ramped up its already optimistic forecast on Sunday, calling for Brent crude to hit $90 a barrel by the end of the year. That’s up from its previous call
Continue ReadingCNN By Samantha Murphy Kelly, CNN Business Instagram is pressing pause on plans to develop a version of its service for kids under 13 after facing pressure from lawmakers to back down on the effort and new questions about the impact the photo-sharing service has on teen girls. “While we stand by the need to
Continue ReadingBy Clare Duffy, CNN Business Derek Jeter had a problem. In 2020, his third year as chief executive and part-owner of the Miami Marlins, the team broke their long streak of missing the playoffs. But after the team had traded away nearly every big-name player on its roster in recent years, he was looking at
Continue ReadingBy Julia Horowitz, CNN Business Wall Street could take its cues this week from Washington, which is in the throes of a heated debate over spending on infrastructure, health care and education with the deadline to keep funding the US government just days away. What’s happening: House Speaker Nancy Pelosi is working to rally Democrats
Continue ReadingCNN By Julia Horowitz, CNN Business Wall Street could take its cues this week from Washington, which is in the throes of a heated debate over spending on infrastructure, health care and education with the deadline to keep funding the US government just days away. What’s happening: House Speaker Nancy Pelosi is working to rally
Continue ReadingBy Matt Egan, CNN Business Business economists are marking down their forecasts for US growth this year as the Delta variant takes a toll on the recovery, according to a survey released Monday. The National Association for Business Economists said the panel of 47 economists it surveyed now expects US GDP growth of 5.6%. Although
Continue ReadingCNN, CTV NETWORK By Nectar Gan, CNN Business For Beijing, the return of Huawei executive Meng Wanzhou to China after a prolonged extradition fight with the United States has been celebrated as a resounding victory. From the moment a government-chartered plane lifted Meng out of Canada — where the CFO spent nearly three years living
Continue ReadingCNN By Matt McFarland, CNN Business Today Tesla dominates the world of electric vehicles, selling about two of every three EVs sold in the US. It’s worth more than twice as much as any other automaker. Teslas are a status symbol and its CEO, Elon Musk, is a celebrity, with 59 million more Twitter followers
Continue ReadingBy Michelle Toh, CNN Business An electric car company owned by China’s Evergrande is having trouble paying suppliers and has called off plans to sell new shares as the group’s woes spread beyond its core real estate business. Shares in China Evergrande New Energy Vehicle Group fell more than 9% in Hong Kong on Monday
Continue ReadingCNN By Matt Egan, CNN Business Americans should brace for sticker shock on home heating costs as temperatures drop this fall and winter. Prices for natural gas, the most common way to heat homes and a leading fuel source for generating electricity, have surged more than 180% over the past 12 months to $5.90 per
Continue ReadingBy Charles Riley, CNN Business The UK military is on standby to deliver gasoline to service stations after a shortage of tanker drivers forced some to close last week, triggering a spate of panic buying by British motorists. With thousands of service stations having since run dry, the UK government has announced a series of
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