Skip to Content
CNN By Anneken Tappe, CNN Business Reproductive rights activists are worried about women losing abortion access in parts of the United States. Economists are worried, too, because restricting reproductive freedom comes at an economic cost to the nation. The US Supreme Court may be poised to overturn the landmark 1973 Roe v. Wade ruling as
Continue ReadingBy Anneken Tappe, CNN Business Reproductive rights activists are worried about women losing abortion access in parts of the United States. Economists are worried, too, because restricting reproductive freedom comes at an economic cost to the nation. The US Supreme Court may be poised to overturn the landmark 1973 Roe v. Wade ruling as soon
Continue ReadingBy Nathaniel Meyersohn, CNN Business We live in a world shaped by shopping carts. The ubiquitous, unloved contraptions are a key feature of US economy. (Yes, really.) The birth of shopping carts in the early 20th century helped usher in an era of mass consumption and enabled grocery stores and brands to expand their products
Continue ReadingBy Rishi Iyengar, CNN Business Two prominent lobbying groups representing the tech industry’s biggest companies are asking the US Supreme Court to step in and block a Texas law that lets the state’s residents sue large social media platforms for alleged censorship, two days after a federal appeals court allowed the law to take effect.
Continue ReadingBy Peter Valdes-Dapena, CNN Business The Salton Sea Basin feels almost alien. It lies where two enormous chunks of the Earth’s crust, the North American Plate and the Pacific Plate, are very slowly pushing past one another creating an enormous low spot in the land. It’s a big, flat gray desert ringed with high mountains
Continue ReadingBy Paul R. La Monica, CNN Business It’s been a brutal year for Robinhood. The twin plunges of stocks and bitcoin have crushed the online brokerage’s sales. The company also reported a loss and drop in users. The stock has plummeted 40% this year and Robinhood recently announced a big round of layoffs. But there
Continue ReadingBy Anneken Tappe, CNN Business Americans are feeling worse about the state of the economy again and it’s all because of rampant inflation. Even as the pace of consumer price hikes moderated some in April, inflation remains near a 40-year high and is putting many US household budgets in a vice. Consumer sentiment dropped by
Continue ReadingBy Jackie Wattles, CNN Business SpaceX has been on a tear in 2022, notching 18 rocket launches and two astronaut splashdowns in just the first 130 days of the year — an unprecedented pace for the company and the commercial launch industry. The latest is scheduled for Friday evening with the launch of 53 of
Continue ReadingBy Clare Duffy, CNN Business In the days following the January 6 Capitol riot, Twitter became the first major social media platform to permanently suspend then-President Donald Trump for violating its rules against inciting violence. It was a huge step and one that instantly put pressure on other big platforms to take action. Within days,
Continue ReadingCNN, CNNBUSINESS By David Goldman, Chris Isidore and Clare Duffy, CNN Elon Musk said he is putting his bid to acquire Twitter on hold, weeks after agreeing to take the company private in a $44 billion deal. “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5%
Continue ReadingBy Matt Egan, CNN Business Pain at the pump may be forcing Americans to cut spending elsewhere. In a report shared first with CNN, JPMorgan analyzed Chase card spending data and estimated that the 20% spike in gas prices since the war in Ukraine began is lowering non-gas consumption by about $9.6 billion a month.
Continue ReadingBy Matt Egan, CNN Business A perfect storm of war, extreme weather and Covid-19 will drive global food prices to levels that will cause social unrest in some parts of the world, according to David Beasley, head of the United Nations World Food Programme. “If people can’t feed their children and their families, then the
Continue ReadingCNN, CNNBUSINESS By Jennifer Korn A board seat accepted and then rejected. A stunning $44 billion takeover offer with uncertain financing. And a surprise early morning tweet putting the deal on hold, temporarily. Even by the standards of Twitter, a company that has known plenty of chaos and dysfunction in its history, the weeks-long effort
Continue ReadingBy Julia Horowitz, CNN Business When WeWork, the once high-flying office space company, was forced to call off its Wall Street debut in late 2019, it was seen as a mea culpa for the startup world. For years, young companies making big promises had binged on money from venture capitalists and other private investors while
Continue ReadingCNN By Atika Shubert and Abeer Salman, CNN There was unrest in Jerusalem Friday as thousands attended the burial of veteran Al Jazeera journalist Shireen Abu Akleh, who was shot dead two days earlier while reporting on a military raid in the West Bank city of Jenin. Mourners had marched from Jerusalem’s Jaffa Gate to
Continue ReadingBy Atika Shubert and Abeer Salman, CNN There was unrest in Jerusalem Friday as thousands attended the burial of veteran Al Jazeera journalist Shireen Abu Akleh, who was shot dead two days earlier while reporting on a military raid in the West Bank city of Jenin. Mourners had marched from Jerusalem’s Jaffa Gate to Mount
Continue ReadingBy Matt McFarland, CNN Business Uber is the latest company to try delivering food to people’s homes with robots. The company, which has long claimed that automation is key to its future profitability, is launching two test programs to deliver Uber Eats in greater Los Angeles this month, including four-wheeled robots that roll on sidewalks
Continue ReadingCNN, CNN BUSINESS By Rishi Iyengar and Rachel Metz, CNN Business Google on Wednesday unveiled an expanded lineup of hardware products in the latest sign it remains committed to moving beyond its core advertising business and competing with the likes of Apple. At its first in-person developer conference in three years, Google announced three new
Continue ReadingBy Laura He, CNN Business The Chinese currency is declining rapidly as the world’s second largest economy falters under the weight of Covid restrictions. Since the start of the year, investors have been moving money out of China, driven by concerns about rising lockdowns in major cities, and Beijing’s close ties with Moscow in the
Continue ReadingBy David Goldman, Chris Isidore and Clare Duffy, CNN Elon Musk said he is putting his bid to acquire Twitter on hold, weeks after agreeing to take the company private in a $44 billion deal. “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,”
Continue Reading