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CNN By Michelle Toh, CNN Business China and Europe’s top leaders are set to meet on Friday, as their vast and growing trade relationship threatens to be overshadowed by differences over Russia and other geopolitical tensions. At the virtual EU-China summit, Beijing is expected to face pressure from one of its top trading partners over
Continue ReadingCNN, APPDIRECT By Peter Valdes-Dapena, CNN Business The Toyota Corolla became world’s best-selling car mostly because it’s inexpensive, efficient and practical. Exciting? Maybe not that. Over the decades — the Corolla model has been in production since 1966 — there have been some fun, high-performance versions of the compact car, though. On Thursday night in
Continue ReadingBy Peter Valdes-Dapena, CNN Business The Toyota Corolla became world’s best-selling car mostly because it’s inexpensive, efficient and practical. Exciting? Maybe not that. Over the decades — the Corolla model has been in production since 1966 — there have been some fun, high-performance versions of the compact car, though. On Thursday night in Long Beach,
Continue ReadingBy Steve Contorno, CNN Florida Gov. Ron DeSantis on Thursday signaled support for stripping Disney of its 55-year-old special status that allows the entertainment company to operate as an independent government around its Orlando-area theme park. It’s the latest fallout in the feud between DeSantis, a Republican widely seen as a potential 2024 presidential contender,
Continue ReadingBy Rob McLean, CNN Business Skippy Foods, LLC, is recalling thousands of pounds of Skippy peanut butter because of stainless steel fragments possibly contaminating “a limited number of jars.” The company, which is owned by Hormel Foods, said Wednesday that it was recalling more than 9,000 cases of reduced fat peanut butter voluntarily. That amounts
Continue ReadingBy Mirna Alsharif, CNN Business A former Yale administrative employee pleaded guilty on Monday of defrauding the university of more than $40.5 million by reselling electronics purchased with school funds over at least an eight-year period, according to court documents. Jamie Petrone-Codrington, 42, who was director of finance and lead administrator at the medical school’s
Continue ReadingBy Brian Fung, CNN Former senior national security officials, including two ex-CIA directors and a past NSA director, are backing Apple’s app store practices as the iPhone maker fights a critical antitrust case. The nearly two-dozen security experts and former US officials argued Thursday in a court filing that proposals to force open Apple’s mobile
Continue ReadingBy Samantha Murphy Kelly, CNN Business The right-to-repair movement has scored another win. Samsung is the latest tech company giving customers the ability to repair their own mobile devices amid pressure from consumers, regulators and even US President Joe Biden to ease restrictions on fixing products. The company announced on Thursday a new program that
Continue ReadingBy Matt Egan, CNN Business The International Energy Agency is planning to hold an emergency meeting Friday, a person familiar with the matter confirmed to CNN, setting the stage for other nations to follow the United States’ lead in releasing oil from emergency reserves. After announcing a record release of 180 million barrels of oil,
Continue ReadingBy Anna Bahney, CNN Business The federal government’s emergency rental assistance program helped prevent more than one million evictions last year. An estimated 1.36 million renters avoided an eviction filing in 2021 as a result of the government’s unprecedented $46.5 billion rent relief program and other protections, according to a recent analysis by Princeton University’s
Continue ReadingCNN, CNNBUSINESS By Julia Chatterley Russia’s invasion of Ukraine has the world heading toward a global food crisis that could impact millions of people. But things are particularly dire in Ukraine. According to the World Food Programme, almost half of all Ukrainians are concerned about having enough food to eat. Among the many organizations that
Continue ReadingBy Julia Chatterley Russia’s invasion of Ukraine has the world heading toward a global food crisis that could impact millions of people. But things are particularly dire in Ukraine. According to the World Food Programme, almost half of all Ukrainians are concerned about having enough food to eat. Among the many organizations that have offered
Continue ReadingBy Parija Kavilanz, CNN Business Can’t stand that old bookcase and dining table with the mismatched chairs you once thought looked so cool? If you bought them at Ikea, the retailer will pay you to get them back. The Swedish furniture and home goods chain said Thursday it is making its Buy Back & Resell
Continue ReadingBy Nathaniel Meyersohn, CNN Business Kohl’s is pushing back against intense pressure from Wall Street to make changes or sell the company. The retailer sent a sharply worded letter to shareholders Thursday ahead of the its annual meeting in May, urging them to reject an activist investor’s efforts to gain control of the company and
Continue ReadingBy Paul R. La Monica, CNN Business The stock market surged in March, but stumbled on the last day of the first quarter. And investors are reeling after a tough start to 2022. The Dow fell more than 550 points Thursday. It and the S&P 500 each dropped nearly 5% in the first three months
Continue ReadingBy Sara Ashley O’Brien, CNN Business The results of a do-over vote for a milestone union election at an Amazon warehouse in Bessemer, Alabama, were too close to call on Thursday. A total of 875 workers at the Bessemer facility voted for joining a union and 993 voted against it, marking a much closer split
Continue ReadingBy Matt McFarland, CNN Business US roads saw the largest increase on record in deaths per mile traveled in 2020, including a 26% increase in hit-and-run fatalities that outpaced the increase in overall deaths. The National Highway Traffic Safety Administration released the data earlier this month. Hit-and-run deaths have grown steadily in the last 15
Continue ReadingCNN, KDKA, UNTV, UKRAINIAN NAVY OF THE ARMED FORCES VIA FACEBOOK, UKRAINIAN STATE EMERGENCY SERV, US EIA By Mark Thompson and Chris Liakos, CNN Business Russia has doubled down on its threat to cut off natural gas supplies to Western countries that refuse to pay in rubles, raising new concerns about an energy supply crunch
Continue ReadingBy Mark Thompson and Chris Liakos, CNN Business Russia has doubled down on its threat to cut off natural gas supplies to Western countries that refuse to pay in rubles, raising new concerns about an energy supply crunch and rationing in Europe. Moscow said last week it wanted to be paid in rubles, rather than
Continue ReadingCNN By Steve Contorno, CNN Florida Gov. Ron DeSantis on Thursday signaled support for stripping Disney of its 55-year-old special status that allows the entertainment company to operate as an independent government around its Orlando-area theme park. It’s the latest fallout in the feud between DeSantis, a Republican widely seen as a potential 2024 presidential
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