Avis Budget stock is soaring thanks to the rental car boom
CNN, CNNBUSINESS By Paul R. La Monica, CNN Business Hertz has made a lot of headlines lately thanks to its deals with Tesla and Uber. Wall Street has…
Continue ReadingCNN – Business/Consumer
Uber CEO: We hope our drivers end up buying the Teslas they rent through Hertz
Anna Cooban for CNN Business Uber CEO Dara Khosrowshahi said he hopes drivers who rent Teslas through Hertz will eventually end up buying them. Hertz…
Continue ReadingCostco raised its minimum wage to $17 an hour
By Nathaniel Meyersohn, CNN Business Costco this week raised its starting wage for hourly store workers in the United States for the second time this…
Continue ReadingCostco raised its minimum wage to $17 an hour
CNN, CNNBUSINESS By Nathaniel Meyersohn, CNN Business Costco this week raised its starting wage for hourly store workers in the United States for the…
Continue ReadingThe housing crisis will continue if Congress fails to address its root cause
Opinion by Jim Parrott and Mark Zandi for CNN Business Perspectives The nation faces a dramatic housing shortage, sending home prices and rents…
Continue ReadingJohn Deere worker is struck and killed by a car while walking to the picket line Wednesday
By Vanessa Yurkevich, CNN Business A John Deere worker who was walking to the picket line Wednesday in Milan, Illinois, was struck and killed by a…
Continue ReadingMarjorie Taylor Greene invested as much as $50,000 in the Trump SPAC before its stock plunged
By Matt Egan, CNN Business Georgia Rep. Marjorie Taylor Greene bought as much as $50,000 worth of shares in a shell company that is merging with…
Continue ReadingBitcoin’s slide from record highs is a warning for crypto investors
By Paul R. La Monica, CNN Business Only a week ago, Bitcoin hit an all-time high of nearly $67,000. But investors have been dumping the world’s…
Continue ReadingCigarette sales in America were falling. Then Covid hit
By Allison Morrow, CNN Business We all had to find our own ways to cope with the pandemic lockdowns last year. Some people bought Pelotons and baked…
Continue ReadingNo one seems worried about a housing bubble. Just like last time the bubble burst
By Chris Isidore, CNN Business Housing prices are surging to new records with no end in sight. They’re being fueled by historically low…
Continue ReadingBoeing’s 737 Max problems are improving, but plenty of other issues loom
By Chris Isidore, CNN Business Boeing’s 737 Max troubles are improving, the company’s quarterly results released Wednesday showed — but…
Continue ReadingSpanx employees given $10,000 and two first-class plane tickets
CNN By Amy Woodyatt, CNN Business The chief executive and founder of shapewear company Spanx has surprised employees with two first-class plane…
Continue ReadingThe first new Range Rover in a decade faces tougher competition
CNN, CNN BUSINESS By Peter Valdes-Dapena, CNN Business Land Rover just unveiled what will be the first new, redesigned Range Rover in a decade. This…
Continue ReadingMcDonald’s gets a big boost from higher prices, celebrities and chicken
By Danielle Wiener-Bronner, CNN Business Higher menu prices, celebrity meals and chicken sandwiches helped boost McDonald’s sales in the third…
Continue ReadingGM earnings and sales fall as the chip shortage continues to plague automakers
By Chris Isidore, CNN Business Supply chain issues, especially the computer chip shortage, took a major bite out of General Motors’ sales and…
Continue ReadingRobinhood’s big year is ending in disappointment
By Julia Horowitz, CNN Business The growing clout of everyday investors has shaken up Wall Street, forcing hedge funds and big-time asset managers to…
Continue ReadingHere’s why Joe Biden’s economy is heading in the wrong direction
By Anneken Tappe, CNN Business From supply chain chaos to worker shortages, America’s economic recovery ran into some serious challenges in the…
Continue ReadingShiba inu coin price hits a new record as Robinhood petition gains popularity
By Diksha Madhok, CNN Business Shiba inu coin soared to a new record on Wednesday, capping a surge of over 60,000,000% over the past year. The parody…
Continue ReadingBeijing says it’s time for companies to pay their overseas debts as Evergrande fears linger
By Laura He, CNN Business Beijing is making one thing clear to the country’s embattled property developers: Pay your debts. All of them. Two…
Continue ReadingUS government bans China Telecom from operating in the country
By Jill Disis, CNN Business Washington is barring a major Chinese state-owned telecommunications firm from operating in the United States over…
Continue Reading