Category Archives: CNN – Business

Amazon destroyed more than 2 million counterfeit products last year

Amazon destroyed more than 2 million suspected counterfeit products that third-party sellers sent to its fulfillment centers last year as part of a crackdown on counterfeit merchandise on its website. The numbers were released Monday in Amazon’s first report documenting the company’s efforts to block counterfeits from appearing on its online marketplace. The report comes…MORE

One reason there’s a chicken shortage? Disappointing roosters

One reason there’s a chicken shortage? Disappointing roosters

Chickens are in short supply. Part of the blame goes to Tyson’s roosters. The meat processor, which sells poultry along with beef and pork, said that its chicken volumes have been low in part because the roosters it uses for breeding are not meeting expectations. “Quite frankly, we made a bad decision,” said Donnie King,…MORE

Why the Golden Globes might never be the same

NBC’s cancellation of next year’s Golden Globes — historically one of the major events on Hollywood’s months-long awards calendar — marks a potential turning point in a long-simmering debate about the show’s relevance. The organization behind the Globes, the Hollywood Foreign Press Association, has faced questions through the years about its practices. Now, recent reporting…MORE

Cannabis company growing weed in Colombia goes public in US

Cannabis company growing weed in Colombia goes public in US

Most cannabis companies that list their stocks in the United States grow their products in indoor greenhouses, often in Canada. But a company named Flora Growth that went public on the Nasdaq on Tuesday is taking a different approach. Although headquartered in Toronto, its agricultural operations are in Colombia. And it cultivates cannabis the old-fashioned…MORE

American Airlines has to add fuel stops after pipeline shutdown

American Airlines has to add fuel stops after pipeline shutdown

American Airlines is adding stops on two long-range flights out of Charlotte, North Carolina, in response to fuel supply chain disruptions caused by the shutdown of the massive Colonial Pipeline. One route is normally a nonstop Charlotte-to-Honolulu flight, which will now stop in Dallas to have passengers switch to a different plane. The other is…MORE

Tesla’s weak sales in China worry investors

Tesla’s weak sales in China worry investors

Tesla’s recent run of bad publicity in China is apparently hurting its sales there, raising investor concerns. The electric car leader sold fewer than 26,000 cars in China in April, down 27% from March, according to figures released by the China Passenger Car Association. The drop came as Chinese EV manufacturers such as Nio, Xpeng,…MORE

Dogecoin is still in the dog house after Elon Musk’s ‘SNL’ appearance

Dogecoin is still in the dog house after Elon Musk’s ‘SNL’ appearance

Dogecoin prices rebounded Tuesday morning after Tesla CEO Elon Musk asked his nearly 54 million Twitter followers if they want his car company to “accept Doge.” Nearly 77% of the poll’s respondents said yes. But even after a more than 5% price spike Tuesday — from about 46 cents to just under 49 cents per…MORE

Dow briefly tumbles more than 600 points as surging prices rattle the market

Dow briefly tumbles more than 600 points as surging prices rattle the market

US stocks sold off Tuesday and the Dow briefly tumbled more than 600 points around mid-morning, as investors grow increasingly concerned about raw material price spikes, shortages and inflation. Prices are rising all over the place as commodities, shipping costs and more related categories become more expensive. “Although we are coming off a record earnings…MORE

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