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By Ramishah Maruf, CNN A former Amazon employee was sentenced to 10 months in prison and fined $50,000 for an international fraud and bribery scheme, the Department of Justice (DOJ) announced. Rohit Kadimisetty of Northridge, California, was sentenced Friday after pleading guilty to conspiracy in September 2021. He was one of six people indicted for
Continue ReadingBy Chris Isidore, CNN Business The United States’ largest trading partner isn’t China, or Mexico. It’s Canada. And the Ambassador Bridge, which separates the US and its neighbor to the north, may be the most economically important one-and-a-half miles of roadway in the Western Hemisphere. Until this past week it got very little attention for
Continue ReadingCNN, CTV NETWORK By Chris Isidore, CNN Business The United States’ largest trading partner isn’t China, or Mexico. It’s Canada. And the Ambassador Bridge, which separates the US and its neighbor to the north, may be the most economically important one-and-a-half miles of roadway in the Western Hemisphere. Until this past week it got very
Continue ReadingReuters Network gear maker Cisco Systems has made a takeover offer worth more than $20 billion for software maker Splunk, The Wall Street Journal reported on Friday, citing people familiar with the matter. The offer was made recently, and the companies are not in active talks, the newspaper said, citing some of the sources. Cisco
Continue ReadingCNN, CNN BUSINESS By Chris Isidore, CNN Business Super Bowl tickets have never been a bargain. At least not for the last LIV years or so. But for those looking to attend the big game at SoFi Stadium in Los Angeles on Sunday, the prices won’t be as high as they were only a few
Continue ReadingBy Chris Isidore, CNN Business Super Bowl tickets have never been a bargain. At least not for the last LIV years or so. But for those looking to attend the big game at SoFi Stadium in Los Angeles on Sunday, the prices won’t be as high as they were only a few weeks ago. There
Continue ReadingBy Ramishah Maruf, CNN Walmart updated its Covid-19 policy for US associates Friday, dropping its mask mandate and Covid-19 sick leave policy, the company announced in a memo viewed by CNN Business. The nation’s largest private retailer announced the changes as several US states, from New York to California, issued their own plans to lift
Continue ReadingBy Jay Croft, CNN Forget spices and jasmine. The makers of a new perfume say they’re using the scent of something truly irresistible just in time for Valentine’s Day: French fries. Frites by Idaho is the limited-edition fragrance available only on the Idaho Potato Commission’s website. The commission cites polling that suggests almost 90 percent
Continue ReadingBy Sonia Moghe, CNN Jurors in Sarah Palin’s defamation trial against the New York Times are done deliberating for the day. A jury of nine New Yorkers, made up of five women and four men, deliberated for about two hours starting Friday afternoon. They are expected to resume deliberations Monday at 9:30 a.m. The former
Continue ReadingCNN By Paul R. La Monica, CNN Business Stocks fell sharply Friday after the White House said Americans should leave Ukraine “immediately” due to worries about an imminent invasion by Russia. The Dow Jones Industrial Average fell a little more than 500 points, or 1.4%, after the Biden administration said it would be ready to
Continue ReadingBy Allison Morrow, CNN Business The past two years have dramatically altered the retirement calculus for millions of Americans. For some, the threat of contracting Covid-19 pushed them out of the workforce before they were ready. Others found they could retire sooner than they’d planned, thanks to a booming stock market and soaring home prices.
Continue ReadingBy Paul R. La Monica, CNN Business Stocks fell sharply Friday after the White House said Americans should leave Ukraine “immediately” due to worries about an imminent invasion by Russia. The Dow Jones Industrial Average fell a little more than 500 points, or 1.4%, after the Biden administration said it would be ready to respond
Continue ReadingBy Paul R. La Monica, CNN Business Only a month ago, a significant percentage of investors thought that the Federal Reserve wouldn’t need to raise interest rates in March. So much for that. The stock and bond markets are now gripped by fears of multiple rate hikes this year. Inflation worries have become so prevalent
Continue ReadingBy Paul P. Murphy and Paula Newton, CNN Online crowd fundraising site GiveSendGo said on Twitter it will not follow a Canadian court order mandating it stop distributing funds to convoy protesters. “Canada has absolutely ZERO jurisdiction over how we manage our funds here at GiveSendGo,” the company wrote on Twitter. “All funds for EVERY
Continue ReadingBy Brian Fung, CNN Business Amazon will no longer require its fully vaccinated warehouse employees to wear face masks at work in states that have eased up on mask mandates, the company said in an internal memo Thursday. The announcement comes as a string of states, including California, Delaware and Oregon, have said they plan
Continue ReadingBy Jeanne Sahadi, CNN Business Imagine having filed and paid your taxes last year, then months later you get a letter in the mail from the IRS saying you didn’t. That’s what’s happening to many taxpayers this year thanks to automated notices being sent by the IRS. But if you got one, don’t panic. There’s
Continue ReadingCNN By Anneken Tappe, CNN Business Prices keep rising, and Americans are growing concerned that Washington’s policies won’t do much about them. An early look at consumer sentiment in February shows just that. Sentiment dropped more than economists expected between the first two months of the year, reaching the worst level in a decade at
Continue ReadingBy Vanessa Yurkevich, CNN Business Workers in the Michigan auto industry could lose up to $51 million in wages this week, due to the trucker protest at the US-Canada border, according to Anderson Economic Group. The lost wages are a result of the shutdowns of the Blue Water and Ambassador bridges coupled with shutdowns at
Continue ReadingBy Anneken Tappe, CNN Business Prices keep rising, and Americans are growing concerned that Washington’s policies won’t do much about them. An early look at consumer sentiment in February shows just that. Sentiment dropped more than economists expected between the first two months of the year, reaching the worst level in a decade at 61.7
Continue ReadingCNN, CNN BUSINESS By Sara Ashley O’Brien, CNN Business Late Monday night, some Peloton staffers noticed they were unable to access work productivity apps like Slack and Okta, which they used regularly on the job. Peloton’s employees had been told about a scheduled maintenance window that might cause service outages, according to one employee, but
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