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By Matt McFarland, CNN Business The brightly-colored robotic boats made by Saildrone seem to have a death wish. Saildrone makes autonomous ocean vessels to study the environment. This summer, the Silicon Valley startup sent five of its vessels directly into the path of hurricanes in the Atlantic Ocean. While airplanes can fly through hurricanes, the
Continue ReadingBy Peter Valdes-Dapena, CNN Business There was a slight drizzle when I was getting ready to go for a short drive in Bentley’s new Bacalar. Ordinarily, this would not be a big deal. The rain was hardly enough to warrant an umbrella. Except the Bentley Bacalar has no roof. The Bacalar is not a convertible.
Continue ReadingCNN By Peter Valdes-Dapena, CNN Business There was a slight drizzle when I was getting ready to go for a short drive in Bentley’s new Bacalar. Ordinarily, this would not be a big deal. The rain was hardly enough to warrant an umbrella. Except the Bentley Bacalar has no roof. The Bacalar is not a
Continue ReadingCNN By Hanna Ziady, CNN Business Back in the spring, as the pace of vaccinations increased rapidly and growth predictions improved, businesses were hopeful that by the fall economic activity would largely be back to normal. Well, September has arrived but the return to normal that many expected remains elusive. What’s happening: Developments over the
Continue ReadingBy Hanna Ziady, CNN Business Back in the spring, as the pace of vaccinations increased rapidly and growth predictions improved, businesses were hopeful that by the fall economic activity would largely be back to normal. Well, September has arrived but the return to normal that many expected remains elusive. What’s happening: Developments over the past
Continue ReadingBy Michelle Toh, CNN Business The United States has lifted an import ban on the world’s largest glove maker after concluding that its products are no longer being produced using forced labor. In an announcement Friday, the US Customs and Border Protection (CBP) agency said that it had cleared Top Glove, a Malaysian company, after
Continue ReadingBy Laura He, CNN Business China is starting to sell off some of the oil it keeps in strategic reserve in a bid to lower prices in the market, a historic first for the world’s biggest importer of oil and its second largest consumer. The State Bureau of Grain and Material Reserves said late Thursday
Continue ReadingBy Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. “An Authoritarian.” “Rotting bag of oatmeal … tyrant.” “Very frail and very weak.” Those are only a handful of the vile attacks directed at President Biden on Fox News Thursday
Continue ReadingCNN By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. “An Authoritarian.” “Rotting bag of oatmeal … tyrant.” “Very frail and very weak.” Those are only a handful of the vile attacks directed at President Biden on Fox News
Continue ReadingCNN By Rachel Metz, CNN Business In November 2014, Chantelle Darby awoke to an excrement-fueled nightmare. Her Roomba robot vacuum was set to run in the middle of the night, while she, her husband, and their dogs were asleep. But one of the three dogs — a foster pooch named MacGregor — pooped in the
Continue ReadingCNN, KTVT By Rachel Metz, CNN Business In November 2014, Chantelle Darby awoke to an excrement-fueled nightmare. Her Roomba robot vacuum was set to run in the middle of the night, while she, her husband, and their dogs were asleep. But one of the three dogs — a foster pooch named MacGregor — pooped in
Continue ReadingBy Rachel Metz, CNN Business In November 2014, Chantelle Darby awoke to an excrement-fueled nightmare. Her Roomba robot vacuum was set to run in the middle of the night, while she, her husband, and their dogs were asleep. But one of the three dogs — a foster pooch named MacGregor — pooped in the house
Continue ReadingBy Alexis Benveniste, CNN Business JPMorgan Chase is buying the Infatuation, a restaurant discovery platform that shares reviews and recommendations on where to eat. The acquisition will include the Infatuation’s entire business, including Zagat, which the company purchased in March 2018. The bank didn’t disclose the price of the deal. The news was first reported
Continue ReadingBy Nathaniel Meyersohn, CNN Business Walmart will end its quarterly bonuses for US store workers in January after it raises its hourly minimum wage from $11 to $12, eliminating a longstanding perk for workers. Walmart, the largest private employer in the United States, has for decades paid the bonuses to its approximately 1.2 million hourly
Continue ReadingBy Matt Egan, CNN Business Microsoft announced Thursday that it’s scrapping plans to fully reopen US offices early next month because of concerns about the Delta variant. The tech giant declined to set a new reopening date but promised to give employees 30 days’ notice. “Given the uncertainty of Covid-19, we’ve decided against attempting to
Continue ReadingBy Matt Egan, CNN Business Federal Reserve Chairman Jerome Powell has been criticized by progressives for going soft on big banks and not doing enough to address the climate crisis. Now, a lifelong Republican is joining that critique. Sheila Bair, one of the few American regulators who sounded the alarm prior to the subprime mortgage
Continue ReadingCNN, CNN BUSINESS By Rachel Metz, CNN Business On a sunny May day in 2012, Google cofounder Sergey Brin walked down King Street in San Francisco’s SoMa neighborhood with a pair of black, lens-free smart glasses on his face. He was trying out Google Glass about a month before the company publicly unveiled the device.
Continue ReadingBy Anneken Tappe, CNN Business The number of first-time claims for jobless benefits dipped to a new pandemic-era low last week. That’s welcome news, and proof that the jobs recovery is still moving in the right direction. Last week, 310,000 Americans filed for jobless benefits, adjusted for seasonal swings, the Labor Department reported Thursday. Additionally,
Continue ReadingBy Rachel Metz, CNN Business On a sunny May day in 2012, Google cofounder Sergey Brin walked down King Street in San Francisco’s SoMa neighborhood with a pair of black, lens-free smart glasses on his face. He was trying out Google Glass about a month before the company publicly unveiled the device. But he wasn’t
Continue ReadingBy Nathaniel Meyersohn, CNN Business Amazon is offering to cover four-year college tuition for most of its approximately 750,000 hourly workers in the United States, the latest major employer to offer the perk to attract and retain hourly employees in a tight job market. Starting in January, Amazon for the first time will pay for
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