Category Archives: CNN – Business

Amazon bets you’re tired of just buying clothes off Amazon

Amazon bets you’re tired of just buying clothes off Amazon

Amazon has a new venture outside of e-commerce, cloud computing, content streaming, smart devices, Whole Foods, cashier-less technology or anything else you’ve come to associate with one of the most successful companies in American history. It’s a physical clothing store. Like, you know, a real brick-and-mortar space where you go try on stuff, buy it…MORE

M&Ms’ beloved characters are getting a new look

M&Ms’ beloved characters are getting a new look

M&M’s branding is getting a refresh. The candy’s anthropomorphized chocolate characters are being made over, and the logo is also getting a tweak. But the most noticeable change is to the six M&M characters: new shoes. Green has swapped her go-go boots for sneakers. Brown is sporting lower, more sensible heels. Red and Yellow’s shoes…MORE

NBC says its coverage of Beijing Olympics will include ‘geopolitical context’

NBC says its coverage of Beijing Olympics will include ‘geopolitical context’

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. With China set to host the 2022 Winter Games in two weeks’ time, Olympic broadcaster NBCUniversal says it will acknowledge the “geopolitical context” of the games, but the athletes will remain the “centerpiece” of the…MORE

China keeps cutting critical lending rates to shore up its economy

China keeps cutting critical lending rates to shore up its economy

China keeps slashing lending rates as authorities ramp up their efforts to stave off a sharp economic slowdown. The People’s Bank of China on Thursday cut its one-year loan prime rate by 10 basis points to 3.7%, the second cut to the rate in a month. December’s cut was the first time the central bank…MORE

Starbucks scraps vaccine requirement following Supreme Court decision
David Paul Morris/Bloomberg/Getty Images

Starbucks scraps vaccine requirement following Supreme Court decision

Starbucks is no longer requiring employees to get vaccinated or submit to weekly testing, following the US Supreme Court’s rejection last week of President Joe Biden’s vaccine and testing requirement for large businesses. In a letter published on January 4, the coffee company recommended that its workers get vaccinated by February 9, in accordance with…MORE

Gilead announces massive seizure of counterfeit HIV-1 drugs
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Gilead announces massive seizure of counterfeit HIV-1 drugs

The biopharmaceutical company Gilead Sciences announced Wednesday a massive web of seizures across several states of “counterfeit and tampered Gilead HIV medication within the U.S. supply chain.” In a statement on its website, Gilead said “in coordination with the US Marshals and local law enforcement, Gilead has executed seizures at 17 locations in nine states,…MORE

Nasdaq enters correction territory as stocks close lower
Spencer Platt/Getty Images

Nasdaq enters correction territory as stocks close lower

Wall Street has had a rocky start to the year: Stocks again finished lower Wednesday and the Nasdaq Composite closed in correction territory, defined as a minimum 10% drop from its high. For the Nasdaq, that last peak was its record close on November 19. On Wednesday the tech-heavy index finished down 1.2%, 10.7% below…MORE

Taxing extreme wealth could lift 2.3 billion people out of poverty

Taxing extreme wealth could lift 2.3 billion people out of poverty

The pandemic has shone a spotlight on how inequality kills. As inequalities in income, wealth and access to health care have accelerated, the world’s most economically precarious people have suffered far more than their fair share of death and economic loss. As a new Oxfam report points out, inequality contributes to the deaths of more…MORE

Doing laundry is about to get more expensive
Tiffany Hagler-Geard/Bloomberg/Getty Images

Doing laundry is about to get more expensive

It’s going to cost you more to wash your clothes. Procter & Gamble said Wednesday that it was raising prices by an average of about 8% on retail customers next month for its Tide and Gain laundry detergents, Downy fabric softener and Bounce dryer sheets. If retailers decide to pass off any of the increases,…MORE

Flush with cash, big companies are ready to buy up rivals and reward investors
Elaine Thompson/AP

Flush with cash, big companies are ready to buy up rivals and reward investors

Microsoft’s massive acquisition of Activision Blizzard is notable for several reasons, not the least of which is that it’s spending nearly $70 billion -— in cash — to make the deal. That means Microsoft CEO Satya Nadella is essentially going to write a check for Activision Blizzard. Many big mergers are financed by issuing stock,…MORE

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