Business News

Larry King was one of pop culture’s favorite newsmen

Larry King was one of pop culture’s favorite newsmen

Larry King’s death on Saturday was a significant loss for the media world. The longtime CNN host was an industry icon right down to his signature suspenders. And it was also a major loss for pop culture. King wasn’t just a talk show host on CNN for more than a quarter of a century. He…

CEOs stepped up during the Trump era. They’re not off the hook

CEOs stepped up during the Trump era. They’re not off the hook

During the Trump era, many business leaders came to an uncomfortable conclusion: They could no longer afford to stay in their lanes, speaking out only on issues that directly affected their companies’ bottom lines. Filling a perceived moral vacuum in Washington, CEOs warned of threats to democracy and announced commitments aimed at addressing racial inequity.…

Spending more on DoorDash and UberEats? This fee may be why

Spending more on DoorDash and UberEats? This fee may be why

Late last year, some DoorDash customers started getting hit with a puzzling new fee on their order total just before checkout. The extra roughly $1 to $2 charge was labeled by city. Some people got a “Denver” fee, others a “Chicago” one. Across the country, people who ordered delivery through the service were charged more,…

Got a package you didn’t order? It could be a scam

Got a package you didn’t order? It could be a scam

Most people who buy things online just have to worry about their deliveries being delayed or never arriving. But some people are dealing with a different problem altogether: getting weird stuff like hair clippers, face creams and sunglasses they never even ordered at all. The Federal Trade Commission and cyber experts have been warning consumers…

NBC Sports Network to shut down by the end of the year

NBC Sports Network to shut down by the end of the year

NBC Sports Network is shutting down at the end of this year, the company said on Friday. The cable network will cease operation and USA Network will begin “carrying and/or simulcasting certain NBC Sports programming” later this year, according to a memo obtained by CNN Business. The Wall Street Journal was the first to report…

Tom Brokaw retiring from NBC News after 55 years with the network

Tom Brokaw retiring from NBC News after 55 years with the network

Tom Brokaw is formally retiring from NBC News after an extraordinary 55 years with the network. Brokaw, 80, is best known for having anchored the “NBC Nightly News” from 1982 through 2004. He has been a senior correspondent for the network in recent years. NBC said in a press release that “Brokaw will continue to…

Wall Street can relax, moderates have the mandate

Wall Street can relax, moderates have the mandate

Stocks have surged since Election Day and are near record highs. Wall Street is clearly a fan of President Joe Biden’s new administration — and it’s largely because of growing hope that moderates in both parties will continue to call the shots. Yes, Democrats now have control of the Senate thanks to the tie-breaking vote…

Walmart will expand Covid-19 vaccinations to more states

Walmart will expand Covid-19 vaccinations to more states

Walmart is rolling out the Covid-19 vaccine in more states as the Biden administration tries to accelerate distribution. The company has been administering vaccines in recent weeks in some of its locations in New Mexico and Arkansas. Now, Walmart, the largest retailer in the nation, will roll out the vaccine to select stores in New…

Local reporters are a lifeline helping readers find the vaccine

Local reporters are a lifeline helping readers find the vaccine

A Tallahassee man in his nineties begs for his 70-year-old caretaker to be bumped up in the vaccination queue. A woman over 75 in Raleigh asks what number to call to make an appointment. The daughter of a nursing home resident in San Jose wants to know why her mom has not received the Covid-19…

Volkswagen made $12 billion in 2020 despite the pandemic

Volkswagen made $12 billion in 2020 despite the pandemic

Volkswagen is walking away from 2020 with a profit of more than $12 billion despite the coronavirus pandemic that torpedoed car sales and snarled manufacturing supply chains. The world’s largest automaker said in a statement on Friday that it expects operating profit of €10 billion ($12.2 billion) for 2020, a performance helped by a strong…

Biden’s Covid plan has to work. The economy depends on it

Biden’s Covid plan has to work. The economy depends on it

The fate of the economic recovery is riding on President Joe Biden’s mission to speed up the lackluster rollout of coronavirus vaccines. While the development of vaccines happened faster than many had expected, distribution is lagging behind schedule, in part because of the chaotic presidential transition in the midst of the worst pandemic in a…

Two tech stalwarts fail to impress Wall Street

Two tech stalwarts fail to impress Wall Street

Tech companies have been an investor favorite during the pandemic. But Wall Street is keeping its distance from two industry stalwarts after their latest earnings reports. Intel beat full-year revenue expectations, hauling in a record $77.9 billion last year and announcing that it would boost its quarterly dividend to reward shareholders. But investors still weren’t…

Woman who made Bernie Sanders’ mittens says she has no more to sell

Woman who made Bernie Sanders’ mittens says she has no more to sell

The Vermont school teacher behind the cozy mittens worn by Senator Bernie Sanders during President Joe Biden’s inauguration on Wednesday said she’s been flooded with requests from people wanting to buy a pair. But they’re no longer for sale. “Thanks for all the interest in Bernie’s mittens!” Jen Ellis wrote on Twitter. “I’m so flattered…

‘No Time to Die,’ the new James Bond film, is delayed once again

‘No Time to Die,’ the new James Bond film, is delayed once again

“No Time to Die,” the latest film in the James Bond series and one of the most anticipated movies of 2021, has been delayed again. The film, which stars Daniel Craig as the stylish spy, was set to open on April 2. But MGM announced on Thursday that it would push the action film to…

Here’s how to buy bitcoin without all the risk of buying bitcoin

Here’s how to buy bitcoin without all the risk of buying bitcoin

Bitcoin is up more than 260% over the past 12 months — a stellar ride — yet owning the asset is fraught with risks including wild swings in cryptocurrency prices. But there are several ways for investors to get a piece of the bitcoin boom without investing directly in bitcoin. Several companies that are cashing…

Exclusive: Trump advisor calls on Congress to approve Biden’s rescue plan

Exclusive: Trump advisor calls on Congress to approve Biden’s rescue plan

Former Trump economic adviser Kevin Hassett broadly supports President Joe Biden’s $1.9 trillion rescue package as a way to keep the coronavirus-ravaged economy afloat. “They’ve thrown a lot of stimulus at it,” Hassett told CNN Business on Thursday, “but I think we need to be risk averse.” The former Trump administration official fears that without…

Volkswagen CEO joins Twitter and immediately trolls Tesla and Elon Musk

Volkswagen CEO joins Twitter and immediately trolls Tesla and Elon Musk

Volkswagen CEO Herbert Diess is new to Twitter, but he made a splash with his very first tweet — going after master troll and Tesla CEO Elon Musk. “Hello @Twitter! I’m here to make an impact with @VWGroup, especially on political issues,” Diess tweeted on Wednesday. “And, of course, to get some of your market…

Costco is (finally) testing out curbside pickup for groceries

Costco is (finally) testing out curbside pickup for groceries

Costco has held off on offering curbside pickup for groceries for years. Now, in a shift, it’s trying it out at three stores in Albuquerque, New Mexico. Costco announced last week that it would start offering members of the warehouse club in the area same-day pickup on 2,000 grocery and general merchandise items. There’s a…

Trump’s business was crashing even before the Capitol riot made his brand toxic

Trump’s business was crashing even before the Capitol riot made his brand toxic

Donald Trump’s businesses generated nearly 40% less revenue last year as the coronavirus pandemic slammed the hotel industry, putting the former president under financial pressure even before corporate partners and banks ditched him in the wake of the insurrection at the US Capitol. Posted on Wednesday as he left the White House, Trump’s final financial…

900,000 Americans filed for unemployment in Donald Trump’s last full week as president

900,000 Americans filed for unemployment in Donald Trump’s last full week as president

The jobs crisis roared on during Donald Trump’s last full week as president, with 900,000 Americans filing for first-time unemployment benefits on a seasonally adjusted basis. It was a down from the prior week’s upswing, when claims rose to 926,000. It’s a good sign that benefit applications fell again, but “good” is relative here. Millions…