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CNN By Sara Ashley O’Brien, CNN Business After Christian Smalls was fired two years ago from an Amazon warehouse in New York City following his participation in a walkout over its pandemic response, an executive at the company suggested undercutting his organizing efforts by painting him as “not smart, or articulate.” When Smalls’ newly-established organization
Continue ReadingBy Sara Ashley O’Brien, CNN Business After Christian Smalls was fired two years ago from an Amazon warehouse in New York City following his participation in a walkout over its pandemic response, an executive at the company suggested undercutting his organizing efforts by painting him as “not smart, or articulate.” When Smalls’ newly-established organization garnered
Continue ReadingBy Danielle Wiener-Bronner, CNN Business On Monday Coca-Cola unveiled a new, limited-edition flavor that’s supposed to taste like…pixels. Yes, pixels. “Coca-Cola Zero Sugar Byte makes the intangible taste of the pixel tangible,” Oana Vlad, senior director of strategy at Coca-Cola, told CNN Business in an email. “Byte” is the second flavor to emerge from the
Continue ReadingMore workers are returning to the office after working from home the last two years. Not only has this meant an adjustment to daily routines, but also spending, as employees start shelling out money for commuting costs, coffee and lunch runs and office attire — all of which has been made more expensive by rising
Continue ReadingCNN, POOL More workers are returning to the office after working from home the last two years. Not only has this meant an adjustment to daily routines, but also spending, as employees start shelling out money for commuting costs, coffee and lunch runs and office attire — all of which has been made more expensive
Continue ReadingBy Paul R. La Monica, CNN Business Are upper middle class and affluent shoppers starting to feel the pinch from higher prices and geopolitical concerns? If so, what does that mean for the rest of American consumers? Stock market volatility, inflation and concerns about rising interest rates could soon slow all parts of the economy
Continue ReadingBy Kathryn Vasel Amid America’s Great Resignation, millions of workers continue to leave their jobs. In February, 4.4 million employees quit, according to the Labor Department, and the unemployment rate dropped to a pandemic-era low of 3.6% in March. But despite headlines about employers struggling to attract and hire workers, finding a new job can
Continue ReadingBy Jeanne Sahadi, CNN Business Soaring inflation. The war in Ukraine. Yet another rise in Covid cases. With so much going on this year it’s been hard to focus on things like filing your taxes. Nevertheless, the IRS still expects you to file your 2021 return and pay whatever you still owe by the filing
Continue ReadingCNN, CNN BUSINESS By Jeanne Sahadi, CNN Business Soaring inflation. The war in Ukraine. Yet another rise in Covid cases. With so much going on this year it’s hard to focus on things like filing your taxes. Nevertheless, the IRS still expects you to file your 2021 return and pay whatever you still owe by
Continue ReadingBy Jennifer Korn Swedish electric car maker Polestar is selling up to 65,000 electric vehicles to Hertz over the next five years, the companies announced Monday. The move follows an order Hertz placed for 100,000 electric cars made by Tesla in October 2021. Polestar CEO Thomas Ingenlath previously told Automotive News Europe that stretch goal
Continue ReadingCNN By Jennifer Korn Swedish electric car maker Polestar is selling up to 65,000 electric vehicles to Hertz over the next five years, the companies announced Monday. The move follows an order Hertz placed for 100,000 electric cars made by Tesla in October 2021. Polestar CEO Thomas Ingenlath previously told Automotive News Europe that stretch
Continue ReadingBy Matt Egan, CNN Business It’s a tale of two oil trends for ExxonMobil: The company will post a massive profit increase for the first quarter thanks to the oil price spike, but it’s bracing to lose money on its planned exit from Russia. Exxon disclosed the news Monday ahead of its official quarterly earnings
Continue ReadingBy Nadeen Ebrahim, CNN The Ukraine war is wreaking havoc on the world economy, but in the Middle East its impact hasn’t been so grim for everyone. Some of the world’s biggest hydrocarbon producers, the Gulf nations are seeing billions of dollars added to their coffers aided by a Ukraine war-driven rally in oil prices.
Continue ReadingBy Anna Cooban, CNN Business European officials have signaled that they could sanction Russia’s energy exports after images emerged of mass killings of civilians in Bucha, near the Ukrainian capital. Josep Borrell, the European Union’s top diplomat, said in a statement Monday that the bloc was working as a “matter of urgency” on drawing up
Continue ReadingBy Julia Horowitz, CNN Business Just three weeks ago, Starbucks announced that it had big plans to lavish its shareholders with new rewards. The company said it was reinstating its stock buyback program, touting a $20 billion commitment over the next three years. “While our growth this year will not be linear, we are confident
Continue ReadingBy Chris Isidore, CNN Business Elon Musk recently purchased 9.2% of Twitter stock, according to a filing Monday, making him the largest shareholder in the company. News of the purchase sent shares of Twitter soaring 22% in early trading. Musk did not disclose what he paid for the shares, but his stake was worth $2.9
Continue ReadingBy Danielle Wiener-Bronner, CNN Business Coke’s recent foray into bold new flavors has its latest entry, and it’s a doozy. Last month, Coca-Cola announced a new limited-edition beverage: Coca-Cola Starlight, a red version of the iconic soda with a flavor “inspired by space.” Now the company is one-upping itself with another offbeat offering: Coca-Cola Zero
Continue ReadingBy Laura He, CNN Business China is extending an olive branch to the United States in a bid to prevent Chinese firms from being kicked off the US stock market. The China Securities Regulatory Commission, the country’s top securities watchdog, has proposed changing a decade-old rule that forbids Chinese firms from sharing sensitive data and
Continue ReadingBy Matt Egan, CNN Business Jamie Dimon is worried about the powerful shockwaves set off by the combination of high inflation and Russia’s invasion of Ukraine. Dimon, one of the world’s most influential business leaders, warned Monday in his annual shareholder letter that the conflict poses a significant threat to the economic recovery that began
Continue ReadingBy Diksha Madhok, CNN Business India’s Gautam Adani has joined what is probably the most elite club in the world. The infrastructure tycoon’s wealth hit $100 billion over the weekend, according to the Bloomberg Billionaires Index, making him the richest person in Asia. He joins nine other men in the centibillionaires club, including Tesla CEO
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