Pizza Hut redesigns the drive-thru
Pizza Hut is doubling down on the growing popularity of the drive-thru with a new digital-focused version now opening at more than 1,500 restaurants…
Continue ReadingMoney
A little-known hedge fund caused widespread chaos on Wall Street
The names of the key players are different, but the lessons similar. The spectacular implosion of hedge fund Archegos Capital Management, much like…
Continue Reading Volkswagen America says it’s changing its name to ‘Voltswagen’
In a move intended to reflect its new push into electric vehicles, Volkswagen’s US arm says it is changing its name to…
Continue Reading Why Archegos was allowed to operate in the shadows
The dramatic implosion of Archegos Capital Management is another warning to Wall Street about the dangers of hefty leverage and speculative behavior…
Continue Reading
Cleveland Clinic and IBM hope their tech partnership could help prevent the next pandemic
After a year in which scientists raced to understand Covid-19 and to develop treatments and vaccines to stop its spread, Cleveland Clinic is…
Continue Reading
US will seize all Top Glove imports after finding ‘sufficient evidence’ of forced labor
The US Customs and Border Protection Agency (CBP) has ordered port officials to seize all disposable gloves made by the world’s largest…
Continue Reading Hong Kong broadcaster drops Oscars for the first time in 50 years
Hong Kong‘s leading TV broadcaster will not air the Academy Awards next month for the first time in more than half a century. Television…
Continue Reading
CDC study finds Pfizer, Moderna vaccines are 90% effective after two doses in real-world conditions
Under real world conditions, the Pfizer and Moderna Covid-19 vaccines provide highly effective protection, according to a new report from the US…
Continue Reading Hedge fund meltdown is a (another) warning to Wall Street
Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here.…
Continue Reading Still not sure what NFTs are? ‘SNL’ explains with Eminem parody
If you still aren’t sure what non-fungible tokens are, or NFTs, “Satuday Night Live” might have an answer. The NFT craze made its…
Continue Reading Dominion lawyer alleges Fox News ‘recklessly disregarded the truth’ on 2020 election claims
The fallout against Fox News and its alleged role in touting false 2020 election claims has now unfolded into another defamation lawsuit. Dominion…
Continue Reading Rental car shortage is a boon for Turo, the Airbnb of cars
Rental car companies have been slashing their fleets during the pandemic, but now that travel is picking up again supply is tight and prices are…
Continue Reading Carbone takes aim at Rao’s with new supermarket sauce lineup
Watch out, Rao’s. There’s a new fancy pasta sauce headed for grocery shelves. The high-end New York-based Italian restaurant Carbone is…
Continue Reading Czech billionaire Petr Kellner among five killed in helicopter crash in Alaska
Czech billionaire Petr Kellner was one of five people killed when their chopper crashed near a glacier in Alaska during a skiing trip on Saturday.…
Continue Reading Swizz Beatz and Timbaland bring Verzuz to Peloton
Peloton and Verzuz, two success stories of the pandemic economy, are joining forces in a deal they hope will add to their growing fortunes. The home…
Continue Reading Southwest just placed the biggest Boeing 737 Max order since it was grounded
Southwest agreed to buy 100 737 Max jets from Boeing, the largest order for the troubled jet since its grounding in 2019 following two fatal crashes.…
Continue Reading
There are ‘definitely merits’ to reparations, says the first Black Fed president
Raphael Bostic, president of the Federal Reserve Bank of Atlanta, is one of the most prominent government officials yet to publicly express support…
Continue Reading Cyberattack forces Australian TV channel off air
Australian broadcaster 9 News suffered a cyberattack that forced a number of live shows off air on Sunday, as the country’s federal parliament…
Continue Reading
Some US states report concerning Covid-19 case increases — and one warns the surge is already here
For weeks, health experts have warned of another possible Covid-19 surge if Americans get lax with safety measures while the country races to…
Continue Reading Oil prices dip after ship stuck in Suez Canal is partially freed
Oil prices are falling after the Ever Given container ship was partially pried free in the Suez Canal, giving rise to hopes that a crucial lane of…
Continue Reading