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By Alexis Benveniste, CNN Business Ben & Jerry’s will no longer sell ice cream in occupied Palestinian territories, saying it’s inconsistent with the values of the socially conscious brand. The ice cream company, which is owned by Unilever, has been doing business in Israel since 1987. But the brand has come under scrutiny for its
Continue ReadingBy Brian Fung, CNN Business A major law firm with name-brand clients in over a dozen sectors of the economy was hit by ransomware in February, it said, in a breach that may have leaked Social Security numbers, health insurance information and even biometric data. In a disclosure on its website, Campbell Conroy & O’Neil
Continue ReadingBy Matt Egan, CNN Business President Joe Biden is cracking down on monopolies. And that has some on Wall Street worried. Goldman Sachs is warning clients that Biden’s July 9 executive order calling for antitrust agencies to closely inspect mergers could slow what the investment bank described as a “blockbuster” year for mergers and acquisitions.
Continue ReadingBy Oliver Darcy, CNN Business Tucker Carlson has called the idea of vaccine passports the medical equivalent of “Jim Crow” laws. And other Fox News personalities have spent months both trafficking in anti-vaccine rhetoric and assailing the concept of showing proof of vaccination status. But Fox Corporation, the right-wing talk channel’s parent company, has quietly
Continue ReadingIn the wake of the Biden administration accusing social media platforms of killing people for allowing the spread of disinformation and misinformation, CNN’s Dan Bash asks US Surgeon General Dr. Vivek Murthy if disinformation about vaccines and Covid-19 spread by Fox News and other Conservative media outlets is doing the same thing.
Continue ReadingBy: Moira Ritter, CNN Business Leon Black, co-founder and former CEO of Apollo Global Management, responded Monday to a lawsuit accusing him of forcing a woman into an abusive relationship for years. He said the only thing he is guilty of is “extremely poor judgment in entering into an affair.” The original complaint, filed June
Continue ReadingBy Anneken Tappe, CNN Business The pandemic sparked recession ended in April 2020 after just two months, according to the National Bureau of Economic Research. That makes the most recent US economic downturn the shortest on record. Before the pandemic, the shortest recession was in the 1980s, lasting six months. Last year, nationwide lockdowns began
Continue ReadingWages are going up as companies struggle to fill open jobs. Nela Richardson, Chief Economist at ADP Research Institute, explains why these increases might not be enough to attract new hires.
Continue ReadingThe current acting director of the Cybersecurity and Infrastructure Security Agency, Brandon Wales, sits down with CNN’s Pamela Brown to talk ransomware attacks and what everyone in the country can do to prevent them in a CNN exclusive interview.
Continue ReadingBy Brian Fung, CNN Business Amazon Web Services confirmed on Monday that it disabled cloud accounts linked to NSO Group following reports by news organizations and activist groups that the Israeli firm’s Pegasus software had been used to surveil journalists and government officials. In the sweeping forensic investigation that led to the reports, Amnesty International
Continue ReadingBy Hanna Ziady and Lauren Gunn, CNN Business The UK government’s decision to lift almost all remaining coronavirus restrictions in England on Monday was expected to deliver a windfall for businesses that have been hampered by social distancing rules. But a growing number of companies, including supermarkets and pubs, are now facing worker shortages that
Continue ReadingBy Oliver Darcy, CNN Business The Department of Justice on Monday formally adopted policies sharply restricting the instances in which prosecutors can seek records or testimony from reporters. The agency’s new policies were outlined in a memo issued by Attorney General Merrick Garland. “This new prohibition applies to compulsory legal process issued to reporters directly,
Continue ReadingBrian Levitt, Global Market Strategist at Invesco, says the market is “recalibrating for a weaker economic backdrop.”
Continue ReadingBy Brian Stelter, CNN Business CNN is hiring hundreds of people and developing dozens of programs for a subscription streaming service that will launch early next year. The new venture, called CNN+, was formally announced on Monday morning. It will exist side by side with CNN’s existing television networks and will feature eight to twelve
Continue ReadingBy Jackie Wattles, CNN Business Jeff Bezos, the world’s richest man, is about to launch himself on a supersonic joyride to the edge of space. He’ll be flying aboard New Shepard, a suborbital capsule and rocket system built by his space company Blue Origin. He’s also bringing along a few guests on this inaugural journey
Continue ReadingBy Matt Egan, CNN Business Robinhood could soon be worth $35 billion. The booming yet controversial trading app said Monday it plans to raise up to $2.3 billion in an initial public offering. Robinhood, which plans to list on the Nasdaq under the ticker symbol “HOOD,” anticipates selling shares for between $38 and $42 apiece.
Continue ReadingCNN’s Rachael Crane was granted access inside the facility where Jeff Bezos and his crew are training for a rocket-powered trip to the edge of space.
Continue ReadingBy Hanna Ziady and Mark Thompson, CNN Business Despite surging cases of the Delta variant of Covid-19 around the world, investors have largely been brushing off the risks, confident that vaccines will allow economic activity to return to normal. But that risk assessment may be changing. What’s happening: Futures on the S&P 500, Dow and
Continue ReadingBy Paul R. La Monica, CNN Business A security company that uses artificial intelligence and advanced sensors technology to screen for threats at theme parks, sports stadiums and other large venues, is going public. Evolv Technology, which announced plans in March to merge with blank check special purpose acquisition company NewHold Investment Corp., completed its
Continue ReadingBy Paul R. La Monica, CNN Business Investors are getting spooked by the rising numbers of Covid-19 cases as the Delta variant spreads across the globe. The Dow fell about 725 points Monday, a drop of 2.1%. The S&P 500 ended the day down 1.6% and the Nasdaq was 1.1% lower. This was the worst
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