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By Anneken Tappe, CNN Business The Federal Reserve is unlikely to take its foot off the stimulus gas pedal this week as the recovery has run into some roadblocks. Most notably: the Delta variant. Mere weeks ago, investors were convinced the central bank would announce a tapering of its massive pandemic stimulus program at its
Continue ReadingCNN By Peter Valdes-Dapena, CNN Business For kids interested in practicing their spycraft, Aston Martin is offering the perfect tool. It’s a battery-powered Aston Martin DB5, small enough for children to drive, and complete with various James Bond-style gadgets one could use to evade capture. It even goes pretty fast. Produced by The Little Car
Continue ReadingBy Peter Valdes-Dapena, CNN Business For kids interested in practicing their spycraft, Aston Martin is offering the perfect tool. It’s a battery-powered Aston Martin DB5, small enough for children to drive, and complete with various James Bond-style gadgets one could use to evade capture. It even goes pretty fast. Produced by The Little Car Company,
Continue ReadingBy Kathryn Vasel, CNN Business Think all-remote meetings are difficult? Running an effective and productive meeting is going to be even harder in a hybrid office…at least at first. When everyone is in person in the same room or when they are squished into the same small virtual boxes, the playing field is even for
Continue ReadingBy Frank Pallotta, CNN Business Melanie Newman and Jessica Mendoza aren’t done making history. The two sports announcers will be ESPN’s first all-woman broadcast team for a nationally televised Major League Baseball game on September 29. The game will mark the first time ESPN has had an all-woman broadcast team for a MLB, NBA, NFL
Continue ReadingBy Leah Asmelash, CNN In the last year, the supply chain has become less of a chain, and more of a fraying thread. Almost every industry has experienced issues, and even some of the world’s biggest companies have not been immune — with experts warning that disruptions, especially around holiday shopping, are inevitable. In all
Continue ReadingBy Kerry Flynn, CNN Business The NewsGuild, a labor union that represents thousands of journalists, is investigating the workplace culture of US newspaper conglomerate Gannett, starting with the issue of unpaid overtime work. NewsGuild President Jon Schleuss sent a letter to Gannett CEO Mike Reed last Friday about the union’s plan to launch an investigation
Continue ReadingBy Danielle Wiener-Bronner, CNN Business McDonald’s pledged Tuesday to significantly reduce the use of plastics in its Happy Meal toys worldwide, two years after the fast food giant faced backlash in the United Kingdom over environmental concerns. For McDonald’s young customers, that means instead of some plastic figurines, they’ll get 3-D paper-based toys they can
Continue ReadingBy Jordan Valinsky, CNN Business Google is dramatically expanding its office presence in New York City with a $2.1 billion purchase on Manhattan’s West Side. The move comes even as the company embracing a hybrid work model because of the pandemic. Google said Tuesday that the new office will be an “anchor” of its sprawling
Continue ReadingBy Anneken Tappe, CNN Business US stocks tried but failed to rebound Tuesday, after concerns about potential contagion from Chinese real estate giant Evergrande’s debt crisis led to the worst session for the market in months. After weeks without a clear driver for markets, Evergrande’s trouble came at just the right time to trigger a
Continue ReadingBy Sara Ashley O’Brien, CNN Business A longtime Theranos scientist depicted Elizabeth Holmes as prioritizing a business partnership over the possible well-being of patients in testimony capping off the first full week of witnesses taking the stand in the criminal trial of the disgraced founder. The witness, Surekha Gangakhedkar, a scientist who worked for Theranos
Continue ReadingBy Jordan Valinsky, CNN Business Chipotle is adding smoked brisket to its menus nationwide following a successful test conducted last year. The chain said the limited-time offering, which is one of its most requested menu items, will go on sale Thursday. However, members of the chain’s growing rewards program can get it two days early
Continue ReadingBy Hanna Ziady, CNN Business JPMorgan has launched a new digital retail bank in the United Kingdom under its Chase brand, marking its first push into consumer banking outside North America. America’s biggest bank will be competing in a crowded market dominated by players including Lloyds Bank, HSBC, NatWest and Barclays, as well as newer
Continue ReadingBy Laura He, CNN Business Evergrande’s chairman promised his employees Tuesday that they will “walk out of the darkness” caused by the embattled Chinese conglomerate’s historic debt crisis. But what happens next for the company is still anyone’s guess, and the lack of guidance from the company and authorities in Beijing about how the crisis
Continue ReadingBy Michelle Toh, CNN Business Bitcoin is falling as fears of the Evergrande crisis sweep through global markets. The digital currency has dropped 5.7% in the last 24 hours, and was trading at $42,955 per coin as of 2:43 am ET on Tuesday, according to cryptocurrency tracker Coindesk. Earlier, it was down as much as
Continue ReadingBy Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Monday was a day full of pandemic dissonance. Tuesday probably will be, too. On the same day we learned about a major step forward for public health — Pfizer saying
Continue ReadingBy Ramishah Maruf, CNN Business FedEx will increase its shipping rates starting in the new year, the company announced Monday. The increase is set to take effect on Jan. 3, 2022, and will apply to all US domestic, US export and US import services. FedEx Ground, which delivers to businesses, and FedEx home delivery will
Continue ReadingBy Alexis Benveniste, CNN Business More than 200 companies, including Twitter, Salesforce and Procter & Gamble, signed a climate pledge that aims to reduce their carbon emissions over the next two decades. The project is part of a collaboration between Amazon and the advocacy group Global Optimism. “The breadth of industry that’s committed to this,
Continue ReadingBy Jackie Wattles, CNN Business Four people, all of whom just six months ago had no formal spaceflight training, strapped themselves into a SpaceX capsule atop a 200-foot-tall rocket and took a three-day spin around Earth. After splashing down off the coast of Florida on Saturday, the passengers emerged from their capsule, smiling and waving,
Continue ReadingBy Peter Valdes-Dapena, CNN Business General Motors will begin replacing damaged and fire-prone battery cells on some of its recalled Chevrolet Bolt electric vehicles in mid-October, the automaker announced Monday. GM first announced a recall of the Chevy Bolt electric vehicles in November 2020 due to fire risk, but it didn’t have an immediate fix.
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