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By Jordan Valinsky, CNN Business It doesn’t matter where you go: Fast-food hamburgers almost uniformly look like the same round, flat patties. Except for Wendy’s, which has square burgers. The reason for the outlier four-sided shape can be traced back to Wendy’s founder Dave Thomas. In 1969, he opened the first Wendy’s in Columbus, Ohio,
Continue ReadingBy Alicia Wallace, CNN Business The grocery run, the fuel-up and the utility bill are all costing more these days — not to mention the surging home prices and rising rents. But a trip to the neighborhood dispensary might not elicit similar feelings of sticker shock. While Americans have seen prices climb across most of
Continue ReadingCNN By Oliver Darcy, CNN Business The state of affairs in the Ukrainian capital of Kyiv keeps changing at a breakneck pace. Within days, residents have gone from not believing Russia would attack their country to taking cover in bomb shelters and praying for help. Some have left the city, while others have picked up
Continue ReadingBy Oliver Darcy, CNN Business The state of affairs in the Ukrainian capital of Kyiv keeps changing at a breakneck pace. Within days, residents have gone from not believing Russia would attack their country to taking cover in bomb shelters and praying for help. Some have left the city, while others have picked up automatic
Continue ReadingBy Chris Isidore, CNN Business Union organizers overwhelmingly won a vote Friday to represent workers at a Starbucks in Mesa, Arizona, giving them their third win in an effort to organize the sector. The vote was 25 in favor of the union and only 3 opposed. There were a total of 43 workers eligible to
Continue ReadingBy Jennifer Korn, Pete Muntean and Gregory Wallace, CNN The Russian invasion of Ukraine has already killed hundreds, sent thousands of refugees fleeing, and sent ripples throughout the entire world. With closed airspaces in and around the conflict leaving some stranded and flights rerouted, impending fuel price jumps, airlines and countries cutting off Russia and
Continue ReadingCNN, CNNBUSINESS By Brian Fung, CNN Business The Federal Communications Commission is on the hunt for companies it oversees that may have ownership ties to Russia, in a prelude to possible clampdowns following Russia’s invasion of Ukraine. The internal assessment, which has not been previously reported or publicly announced, was launched this week by FCC
Continue ReadingBy Brian Fung, CNN Business The Federal Communications Commission is on the hunt for companies it oversees that may have ownership ties to Russia, in a prelude to possible clampdowns following Russia’s invasion of Ukraine. The internal assessment, which has not been previously reported or publicly announced, was launched this week by FCC Chairwoman Jessica
Continue ReadingCNN, CNNBUSINESS By Brian Fung, CNN Business Facebook, Twitter and YouTube are all taking tougher stances on content from Russian state media amid intensifying pressure from European officials for the Big Tech platforms to act against pro-Russian propaganda and address the escalating information war in Ukraine and across the internet. But there are concerns that
Continue ReadingBy Brian Fung, CNN Business The Russian government moved to “partially restrict” Facebook access in the country on Friday after Russia’s ministry of communications accused the social network of unlawful censorship. In a statement, ministry officials said Facebook had committed human rights violations and “violated the rights and freedoms of Russian citizens” when the social
Continue ReadingCNN, CNNBUSINESS By Brian Fung, CNN Business The Russian government moved to “partially restrict” Facebook access in the country on Friday after Russia’s ministry of communications accused the social network of unlawful censorship. In a statement, ministry officials said Facebook had committed human rights violations and “violated the rights and freedoms of Russian citizens” when
Continue ReadingBy Chris Isidore, CNN Business Tesla CEO Elon Musk and his brother are under investigation by the Securities and Exchange Commission for possibly violating insider trading rules, according to media reports. The Wall Street Journal, citing unnamed people familiar with the probe, said the investor watchdog agency is looking into sales of Tesla shares by
Continue ReadingBy Jordan Valinsky, CNN Business Foot Locker’s stock tumbled 35% Friday after the shoe store predicted sales and profit would fall sharply this year. The culprit: Nike. The retailer, which didn’t explicitly mention Nike in its earnings report, said Friday that no single supplier is expected to account for more than about 60% of its
Continue ReadingBy Anna Bahney, CNN Business Even as home prices have skyrocketed during the pandemic, homeownership continues to grow. But the rate of home buying has not increased at the same pace for all Americans, according to a new report from the National Association of Realtors. More Americans own a home now than in any year
Continue ReadingBy Sara Ashley O’Brien, CNN Business In the early days of the pandemic, as households around the country went into lockdown, shoppers for Instacart had a seemingly limitless amount of grocery orders to fulfill. Their earnings were, at times, bolstered significantly by generous tips in recognition of the personal health risk workers were taking. But
Continue ReadingOpinion by Gad Levanon for CNN Business Perspectives Over the past 12 months, US consumer prices rose by 7.5%, the highest rate in nearly 40 years. Worse, inflation is showing no signs of slowing. The Federal Reserve typically fights inflation by raising interest rates, which slows the economy by reducing the demand for goods and
Continue ReadingBy Anneken Tappe, CNN Business Yet another key measure of inflation ticked higher at the start of the year, rising at its fastest pace in nearly 40 years. The price index tracking consumer spending increased by 6.1% between January 2021 and January 2022, according to new data from the Commerce Department released Friday. That was
Continue ReadingCNN, CNN BUSINESS By Anneken Tappe, CNN Business Yet another key measure of inflation ticked higher at the start of the year, rising at its fastest pace in nearly 40 years. The price index tracking consumer spending increased by 6.1% between January 2021 and January 2022, according to new data from the Commerce Department released
Continue ReadingCNN, CNNBUSINESS By Chris Liakos, CNN Business Two of the world’s biggest container shipping companies are halting cargo bookings to and from Russia. “As the stability and safety of our operations is already being directly and indirectly impacted by sanctions, new Maersk bookings to and from Russia will be temporarily suspended, with exception of foodstuffs,
Continue ReadingBy Julia Horowitz, CNN Business The West has not gone after Russian oil. But nervous traders have decided they still don’t want to touch it, jolting the global energy market at a delicate moment. The main grade of oil that Russia exports into Europe is now being offered for sale at a hefty discount, signaling
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