Category Archives: CNN – Business

Here’s why you’re waiting months for that couch you ordered

Here’s why you’re waiting months for that couch you ordered

Get ready to wait months, maybe even into 2022, for that new sofa to arrive at your doorstep. Delays on furniture deliveries have already been frustrating during the pandemic, and they’re about to get much worse. The newest problem for furniture sellers is the increase in spread of Covid-19 and subsequent factory closures in a…MORE

SEC temporarily halts approvals of new Chinese IPOs after Didi debacle
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SEC temporarily halts approvals of new Chinese IPOs after Didi debacle

The Securities and Exchange Commission has told its staff to ask for more disclosures from Chinese companies seeking to go public in the United States before it will approve any plans for them to sell shares. The announcement Friday, first reported by Reuters, shows regulators are taking a much more cautious stance on Chinese companies…MORE

Disney and Walmart mandate vaccines for employees
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Disney and Walmart mandate vaccines for employees

Disney and Walmart, two of America’s largest employers, announced Friday that they are requiring employees be vaccinated. Disney is requiring all its salaried and non-union hourly employees in the US to be vaccinated. Workers who are working on-site but are not yet vaccinated must do so within the next 60 days, according to a statement…MORE

Consumer spending and incomes rose while a key measure of inflation dipped in June
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Consumer spending and incomes rose while a key measure of inflation dipped in June

A key measure of inflation showed price increases slowing down in June, while Americans’ incomes and spending rose — signaling better-than-expected momentum in the economic recovery. Even though prices continued to climb, albeit at a slower pace than expected, it didn’t weigh on American spending, the Bureau of Economic Analysis reported Friday. “That means the…MORE

I mandated vaccines for my business. Here’s how it has paid off

I mandated vaccines for my business. Here’s how it has paid off

This past spring, I established a rule requiring all 150 of my employees to be fully vaccinated against Covid, regardless of where they are working. Although our employees have been allowed to continue working from home, all of them need to be able to attend a meeting at the office if they’re called in. That…MORE

Here are all the wildest allegations from the former Nikola chairman indictment
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Here are all the wildest allegations from the former Nikola chairman indictment

A truck with the doors duct-taped on. Ford pickups masquerading as something else. The head of a company running to google whether or not the thing he had just promised inventors was even physically possible. These are some of the wildest allegations from charging documents filed this morning against Trevor Milton, the founder and former…MORE

How Nestlé, Keurig and Mattel are coping with inflation
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How Nestlé, Keurig and Mattel are coping with inflation

As the global economic recovery from the pandemic gathers steam, big businesses are grappling with a formidable problem: What to do about rising prices? What’s happening: On earnings calls across time zones, corporate executives are lamenting the impact of inflation, pointing to higher costs for parts and materials, transportation and labor. Nestlé CFO François-Xavier Roger:…MORE

Europe’s economy posts 13% growth as recovery accelerates
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Europe’s economy posts 13% growth as recovery accelerates

European economies posted stronger than expected growth in the second quarter, with consumer and business confidence booming as Covid-19 restrictions were eased. GDP across the European Union rose by 13.2% compared with the same period last year, and by 1.9% compared with the previous quarter, according to a preliminary estimate published Friday by the EU…MORE

Fox says MyPillow CEO Mike Lindell has decided to ‘pause’ his pillow ads amid election crusade
Tayfun Coskun/Anadolu Agency/Getty Images

Fox says MyPillow CEO Mike Lindell has decided to ‘pause’ his pillow ads amid election crusade

Mike Lindell’s pillows have been propping up Fox News for years. But now the relationship is on “pause.” Here’s the context for the Thursday evening announcement: Lindell, the CEO of MyPillow, has had beef with Fox for months. He brought it up with The Atlantic’s Anne Applebaum when she interviewed him for a profile titled…MORE