Adidas reports nearly 40% drop in profits. Here’s why
By Anna Cooban, CNN Business Adidas on Friday blamed poor sales in China for a sharp drop in first quarter profit. The German sportswear giant…
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Ukrainian startup is bringing school to displaced students
By Parija Kavilanz, CNN Business Russia’s continuing assault in Ukraine has devastated the country and the lives of millions of its citizens.…
Continue ReadingAmerica added 428,000 jobs in April
By Anneken Tappe, CNN Business After an electric economic recovery from the pandemic, the job market is showing signs of returning to normal.…
Continue ReadingShipping delays are back as China’s lockdowns ripple around the world
By Laura He, CNN Business Global shipping was just starting to recover from the chaos of the pandemic. Now port congestion and delays are back and…
Continue ReadingGlobal markets rattled by Wall Street and China’s zero-Covid pledge
By Laura He and Mark Thompson, CNN Business Global markets slid Friday after Wall Street suffered its worst day of the year. Major European indexes…
Continue ReadingSpaceX’s wildly busy year continues with astronaut splashdown
By Jackie Wattles, CNN Business Three NASA astronauts and a European astronaut splashed down aboard their SpaceX Crew Dragon capsule off the coast of…
Continue ReadingElizabeth Warren is worried about Fidelity’s plan to offer bitcoin in 401(k)s
By Jeanne Sahadi, CNN Business Bitcoin is notoriously volatile. But it may also prove politically vexing for Fidelity, which is getting blowback from…
Continue ReadingDoorDash’s business continues to boom two years into the pandemic
By Sara Ashley O’Brien, CNN Business DoorDash, which went public amid a pandemic-fueled delivery craze in late 2020, said its business…
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Popular Colorado Springs park road set to reopen June 1
COLORADO SPRINGS, Colo. (KRDO) — Outdoor enthusiasts will soon regain access through a popular Colorado Springs park. City officials say a section…
Continue ReadingDoorDash’s business continues to boom two years into the pandemic
By Sara Ashley O’Brien, CNN Business DoorDash, which went public amid a pandemic-fueled delivery craze in late 2020, said its business…
Continue ReadingMeta announces plans to slow hiring following challenging quarter
By Clare Duffy, CNN Business Meta said Thursday it is cutting back on hiring. The move is one of several shifts the Facebook parent company is making…
Continue ReadingAirbnb CEO: Current office designs are outdated
By Kathryn Vasel, CNN Business Airbnb recently told employees they can work remote permanently, but when they do return to the office it’ll…
Continue ReadingOpinion: Europe should call Russia’s bluff on energy
Opinion by Paul Hockenos for CNN Business Perspectives Russia’s announcement last week that it was halting all gas deliveries to Poland and…
Continue ReadingElon Musk raises an additional $7 billion in financing for Twitter deal
By Clare Duffy, CNN Business Elon Musk has raised just over $7 billion in additional equity financing to help fund his purchase of Twitter. The new…
Continue ReadingAmazon Labor Union’s Chris Smalls faces off against Sen. Graham on workers
By Brian Fung, CNN The president of the Amazon Labor Union warned Sen. Lindsey Graham on Thursday that he risks ignoring the concerns of workers at…
Continue ReadingAmazon Labor Union’s Chris Smalls faces off against Sen. Graham on workers
By Brian Fung, CNN The president of the Amazon Labor Union warned Sen. Lindsey Graham on Thursday that he risks ignoring the concerns of workers at…
Continue ReadingHow Elon Musk could impact Twitter’s battles over speech abroad
By Rishi Iyengar Since Elon Musk announced he was buying Twitter last month, the billionaire has sent out tweet after tweet outlining his plans for…
Continue ReadingEurope is planning to ditch Russia’s oil. Will it go after its gas?
By Anna Cooban, CNN Business Europe has finally proposed a ban on Russian oil, but has again stopped short of using its most potent weapon —…
Continue ReadingBill Gates doubts Musk’s Twitter buy, says draft SCOTUS decision overturning Roe is ‘pretty disappointing’
By Brian Fung, CNN Bill Gates sounded a note of caution this week on Elon Musk’s $44 billion acquisition of Twitter, saying the Tesla CEO…
Continue ReadingThe Fed could have trouble avoiding a double-dip recession
By Paul R. La Monica, CNN Business The Federal Reserve finally seems prepared to whip inflation. The last time the Fed faced surging prices like…
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