Global tax plan wins support from 130 countries
The OECD’s tax reform overhaul includes a global minimum tax of at least 15% on multinational companies. CNN’s Christine Romans reports.
Continue ReadingMoney
The US economy added 850,000 jobs in June
By Anneken Tappe, CNN Business The US economy added 850,000 jobs in June, when adjusted for seasonal changes. It was far more than economists had expected and a signal that American job growth is accelerating. It was the biggest monthly jobs gain since August 2020, when the economy added 1.6 million jobs. The hospitality and
Continue ReadingFacebook tests prompts that ask users if they’re worried a friend is ‘becoming an extremist’
By Oliver Darcy, CNN Business Some Facebook users in the United States are being served a prompt that asks if they are worried that someone they know might be becoming an extremist. Others are being notified that they may have been exposed to extremist content. It is all part of a test the social media
Continue ReadingFacebook asks some users if they’re worried a friend is ‘becoming an extremist’
Some Facebook users in the United States are being served a prompt that asks if they are worried that someone they know might be becoming an extremist. Others are being notified that they may have been exposed to extremist content.
Continue ReadingHEALTH MINUTE: UNDERSTAND DELTA VARIANT RISK IN YOUR AREA
“The pandemic is absolutely not over.” That from the US Surgeon General after new numbers show the concerning Delta variant is continuing to spread across the country, now detected in almost every US state.
Continue ReadingVaccine inequality is hurting Asia’s poor and the rest of the world
By Jessie Yeung and Kocha Olarn, CNN Business Crowded factories in Asia’s manufacturing hubs seemed curiously immune to coronavirus as it spread through most of the world last year. By the end of 2020, Thailand and Vietnam had reported fewer than 200 deaths between them, and Cambodia and Laos didn’t report any at all. But
Continue ReadingWhat we learned from Robinhood’s IPO prospectus
By Allison Morrow, CNN Business Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. ROBINHOOD’S GOING PUBLIC Big week for our friends over at Robinhood. Yesterday they got slapped with a record $70 million FINRA fine. Today, they’re jetting toward
Continue ReadingRichard Branson will attempt to beat Jeff Bezos to space
By Jackie Wattles and Rachel Crane, CNN Business British billionaire Richard Branson plans to beat fellow billionaire and rival Jeff Bezos to space. Branson’s company, Virgin Galactic, made a surprise announcement Thursday that he will attempt to fly in Virgin’s rocket-powered plane on July 11 — nine days before Bezos’s planned July 20th launch. The
Continue ReadingWatch: ExxonMobil lobbyist unwittingly spills company secrets
Keith McCoy, a senior ExxonMobil lobbyist, was secretly recorded by Greenpeace seemingly revealing how ExxonMobil fights against climate solutions.
Continue ReadingFTC antitrust complaint against Facebook dismissed by judge
A federal court has dismissed the Federal Trade Commission’s antitrust complaint against Facebook. CNN’s Clare Sebastian breaks down the ruling.
Continue ReadingThe FTC just took a step that could make it easier to go after Amazon
By Brian Fung, CNN Business For years, the US antitrust enforcers at the Federal Trade Commission have pledged only to go after companies that have harmed consumers. Now, under its new chair Lina Khan, the FTC is expanding its approach in a move that could make it easier to go after tech companies like Amazon
Continue ReadingThe FTC just took a step that could make it easier to go after Amazon
By Brian Fung, CNN Business For years, the US antitrust enforcers at the Federal Trade Commission have pledged only to go after companies that have harmed consumers. Now, under its new chair Lina Khan, the FTC is expanding its approach in a move that could make it easier to go after tech companies like Amazon
Continue ReadingFacebook tests prompts that ask users if they’re worried a friend is ‘becoming an extremist’
By Oliver Darcy, CNN Business Some Facebook users in the United States are being served a prompt that asks if they are worried that someone they know might be becoming an extremist. Others are being notified that they may have been exposed to extremist content. It is all part of a test the social media
Continue ReadingAn 82-year-old woman trained to be an astronaut sixty years ago. Now she’s going to space with Jeff Bezos
By Jackie Wattles, CNN Business After a half-century of waiting, Wally Funk — who trained for NASA’s Mercury program but was denied the opportunity to go to space — is finally getting her time amongst the stars. She’s been selected by the world’s richest man, Jeff Bezos, to accompany him, his brother, and an as-yet
Continue ReadingRobinhood files to go public
By Allison Morrow, CNN Business Robinhood, a day after incurring a record-breaking fine from Wall Street’s industry regulator, filed paperwork for its hotly anticipated initial public offering. The company plans to list its shares on the Nasdaq stock exchange under the symbol HOOD, according to its filing with the Securities and Exchange Commission. As is
Continue ReadingPinterest bans ads related to weight loss
By Clare Duffy, CNN Business Pinterest on Thursday announced that it will ban all advertisements related to weight loss from its platform in an effort to prevent content that could encourage unhealthy or disordered eating habits. The bookmarking site said it will also prohibit ads with language or images that promote or disparage certain body
Continue ReadingPinterest bans ads related to weight loss
By Clare Duffy, CNN Business Pinterest on Thursday announced that it will ban all advertisements related to weight loss from its platform in an effort to prevent content that could encourage unhealthy or disordered eating habits. The bookmarking site said it will also prohibit ads with language or images that promote or disparage certain body
Continue ReadingRobinhood settles lawsuit over 20-year-old trader who died by suicide
By Matt Egan, CNN Business Robinhood has settled a wrongful death lawsuit filed by the family of a 20-year-old trader who died by suicide after seeing a negative account balance of $730,000. The controversial trading app disclosed the settlement on Thursday in its IPO filing. Terms of the agreement were not disclosed. The family of
Continue ReadingCar sales rise, even as chip shortage limits supply
By Chris Isidore, CNN Business US auto sales soared in the second quarter. But the uptick could have been much bigger. Automakers have struggled to find the computer chips required to build enough cars and trucks to meet demand, with most temporarily shutting their factories as a result of the shortage. The tight supplies drove
Continue ReadingMeghan McCain announces her departure from ‘The View’
Meghan McCain, who joined “The View” in 2017, has announced that season 24 will be her last. Watch her announcement on air.
Continue Reading