Category Archives: CNN – Business

Americans are showing up sick to work even as Omicron spreads
Tom Williams/CQ Roll Call/AP

Americans are showing up sick to work even as Omicron spreads

You may think that store and restaurant workers in America who catch Covid-19 are staying home to recover and keep the public safe. But millions of frontline employees aren’t able to do that without missing a paycheck. So, many Americans, working precarious, low-wage jobs in the service industry, can’t stay home — even if they…MORE

Peloton says it may consider cutting jobs and ‘resetting’ production
Ezra Shaw/Getty Images

Peloton says it may consider cutting jobs and ‘resetting’ production

Peloton CEO John Foley acknowledged Thursday that the company is “considering all options” — including layoffs and production curbs — after a report that the fitness firm has stopped manufacturing its bikes and treadmills sent shares crashing. His statement did not reference any specific report, but said “rumors that we are halting all production of…MORE

McDonald’s is bringing back this sweet treat after a 5-year hiatus
McDonald's

McDonald’s is bringing back this sweet treat after a 5-year hiatus

McDonald’s is selling a dessert that fans haven’t seen in about five years. Roughly 6,800 of its 14,000 US restaurants have begun selling a blueberry and crème pie, which is a sweet pastry that’s filled with blueberries and a vanilla-flavored crème and baked in a pie crust. McDonald’s last sold the pie in the US…MORE

Judge denies InfoWars host motion to dismiss
Amy Harris/Shutterstock

Judge denies InfoWars host motion to dismiss

A federal judge on Thursday denied InfoWars host and right-wing conspiracy theorist Owen Shroyer’s attempt to dismiss the four charges against him in connection with the January 6 Capitol riot. Shroyer has been charged with four misdemeanors, including disorderly conduct on Capitol grounds. He has pleaded not guilty. In December, Shroyer’s lawyer Norman Pattis argued…MORE

Stocks give up on rebound rally
Spencer Platt/Getty Images

Stocks give up on rebound rally

The rebound just wasn’t meant to be. After rallying for much of the day, Wall Street’s major indexes dropped into negative territory in the afternoon. The S&P 500 closed 1.1% lower, while the Dow dropped 0.9%, or 313 points. The Nasdaq Composite ended down 1.3%, after swinging more than 3% between its highest and lowest…MORE

The world bought more champagne than ever last year
Luis Alvarez/Digital Vision/Getty Images

The world bought more champagne than ever last year

Champagne houses are celebrating after sales and exports set new records last year even as pandemic lockdowns forced many bars and restaurants to close. Comité Champagne, a trade association representing more than 16,000 winegrowers and 320 Champagne houses, said Wednesday that France exported a record 180 million bottles of bubbly in 2021, an increase of…MORE

Americans needed to work five weeks more on average to afford a used car in 2021
Matthew Hatcher/Bloomberg/Getty Images

Americans needed to work five weeks more on average to afford a used car in 2021

Wages are not keeping up with inflation. The price of cars has grown significantly faster than earnings, a new analysis by the Anderson Economic Group found. The price of new and used cars increased by 11.8% and 37.3% respectively in December 2021 from December 2020, while wages increased by 4.9% in that same period. Supply…MORE

Mortgage rates jump for third straight week
Jeff Chiu/AP

Mortgage rates jump for third straight week

In the third jump of 2022, mortgage rates rose to a high not seen since the early days of the pandemic. The 30-year fixed-rate mortgage averaged 3.56% in the week ending January 20, up from an average 3.45% the week before, according to Freddie Mac. It’s the highest since March 2020, when it was 3.65%.…MORE

Oscar Mayer’s bologna face mask quickly sells out
Kraft Heinz

Oscar Mayer’s bologna face mask quickly sells out

If the thought of using a slice of bologna as a moisturizing face mask was tempting, you’re out of luck — for now. Oscar Mayer’s bologna-inspired face mask sold out less than a day after its release on Amazon. Kraft Heinz blamed the shortage on “unexpected incredibly high demand” and said in a statement that…MORE

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