Category Archives: CNN – Business

US retail sales come down from their stimulus-fueled high

US retail sales come down from their stimulus-fueled high

US retail sales came back down to Earth in April after stimulus checks sent Americans on a shopping spree in March. Month-over-month, retail sales were flat in April, the Census Bureau reported Friday. Stripping out car and auto parts, sales actually declined slightly, by 0.8%. The massive March advance that came on the back of…MORE

Delta will require vaccines for new employees

Delta will require vaccines for new employees

Delta Air Lines is requiring new employees to get the Covid-19 vaccine, making it one of the largest US companies to issue a mandate. “Any person joining Delta in the future we will mandate to get vaccinated before they can sign up with the company,” CEO Ed Bastian told CNN’s Richard Quest in an exclusive…MORE

Hyundai and Kia are spending $7 billion in US electric car push

Hyundai and Kia are spending $7 billion in US electric car push

Hyundai and Kia are pouring billions of dollars into the United States, where they plan to start building electric cars and invest more in futuristic technologies. The South Korean carmakers announced Thursday that they would invest $7.4 billion in the country over the next four years. The funding will help the companies gradually expand manufacturing,…MORE

Top Japanese CEO says hosting the Olympics amounts to a ‘suicide mission’

Top Japanese CEO says hosting the Olympics amounts to a ‘suicide mission’

The CEO of Japan’s top e-commerce company said Friday that it would be a “suicide mission” for the country to host the Olympic Games this summer. The comments by Rakuten CEO Hiroshi Mikitani in an exclusive interview with CNN Business are among the strongest yet from corporate leaders worried about holding the event as the…MORE

News outlets ask: Is this the beginning of the end of the pandemic?

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. The beginning of the end Should that headline come with an exclamation point, a question mark or a period? Different people will have different answers to that question. But Thursday’s big CDC announcements — if…MORE

How stores are responding to CDC’s new mask guidance

How stores are responding to CDC’s new mask guidance

CVS, Walgreens and Macy’s said they are reviewing their requirements for facial coverings following new CDC guidance easing mask wearing for people vaccinated against Covid-19. The CDC said Thursday that fully vaccinated people do not need to wear masks or practice social distancing indoors or outdoors, except under certain circumstances such as in healthcare settings,…MORE

Why the ‘Friends’ reunion is a critical moment for HBO Max

Why the ‘Friends’ reunion is a critical moment for HBO Max

The long-awaited and much anticipated “Friends” reunion is coming to HBO Max at last. “Friends: The Reunion” will debut on the WarnerMedia streaming service on May 27. (HBO Max is owned by WarnerMedia, which is also the parent company of CNN.) The event, which brings together stars Jennifer Aniston, Courteney Cox, Lisa Kudrow, Matt LeBlanc,…MORE

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