Money

By Laura He, CNN Hong Kong (CNN) — Ozempic, originally a medication for treating diabetes, is in high demand worldwide with celebrities and social media users touting it as a miracle drug for weight loss, despite some concerns from medical experts. Now the frenzy is sweeping through China, where being “wafer thin” is a prevailing

By Parija Kavilanz, CNN New York (CNN) — Lululemon’s (LULU) CEO Calvin McDonald said the retailer stands by its decision to fire two employees who tried to intervene during a theft at one of its stores. The incident took place in late April at its store in Peachtree Corners, Georgia. Cellphone footage from the store

CNN By Vanessa Yurkevich, CNN (CNN) — As Americans become even more reliant on delivery, hundreds of thousands of UPS workers this week could authorize a strike that will bring the world’s biggest package courier to a standstill. UPS workers will vote this week on whether to authorize a strike if their union – the

By Vanessa Yurkevich, CNN (CNN) — As Americans become even more reliant on delivery, hundreds of thousands of UPS workers this week could authorize a strike that will bring the world’s biggest package courier to a standstill. UPS workers will vote this week on whether to authorize a strike if their union – the International

By Parija Kavilanz, CNN New York (CNN) — The US Consumer Product Safety Commission on Tuesday urged parents and caregivers to stop using Boppy Newborn Loungers – a pillow for infants – after two more infants died after the agency issued a mass recall of the product in 2021. The recalled products made by The

By Matt Egan (CNN) — Forecasters at the US Energy Department on Tuesday ramped up their forecasts for American oil and gasoline prices next year, citing new steps by Saudi Arabia and OPEC+ to restrain the supply of oil. The US Energy Information Administration dimmed its estimate of global oil production through 2024 because of

By Bryan Mena, CNN Washington, DC (CNN) — Venture capital titan Sequoia is splitting its business into three independent partnerships, each with separate brands. The Silicon Valley-based firm’s expansive investments in China, which have drawn attention from US lawmakers amid growing geopolitical tensions with Beijing, will become their own unit. Sequoia Capital executives briefed investors

CNN By Peter Valdes-Dapena, CNN Business (CNN) — Ford is recalling more than 125,000 Escape SUVs, Maverick pickups and Lincoln Corsair luxury SUVs because their engines could leak fluids and catch fire. All the vehicles being recalled are hybrid or plug-in hybrid versions. All three models share similar engineering. Because of a manufacturing problem, the

By Peter Valdes-Dapena, CNN Business (CNN) — Ford is recalling more than 125,000 Escape SUVs, Maverick pickups and Lincoln Corsair luxury SUVs because their engines could leak fluids and catch fire. All the vehicles being recalled are hybrid or plug-in hybrid versions. All three models share similar engineering. Because of a manufacturing problem, the 2.5-liter

By Greg Wallace, CNN (CNN) — The CEO of perennially unprofitable Amtrak joked to Congress Tuesday that the fastest track to a financial turnaround would be to stop operating trains and instead “go into the real estate business.” But he said he has no intention of doing so. Instead, CEO Stephen Gardner asked a congressional

By Samantha Murphy Kelly, CNN Business (CNN) — It’s rare to find a new technology that feels groundbreaking. But last night, while sitting on a couch in a private demo room at Apple’s campus wearing its newly announced Vision Pro mixed reality headset, it felt like I’d seen the future — or at least an

By Hanna Ziady, CNN London (CNN) — Around 50% of major global companies will need less real estate in the next three years, with American cities — led by San Francisco — most exposed to empty offices, new research has found. Half of firms with more than 50,000 employees plan to prune office space, with