Category Archives: CNN – Business

J&J reportedly sought help from rivals after blood clot concerns emerged

J&J reportedly sought help from rivals after blood clot concerns emerged

Johnson & Johnson sought help from its three rival Covid-19 vaccine makers to look into reports of blood clots, but Pfizer and Moderna both declined, the Wall Street Journal reported on Friday, citing people familiar with the situation. Only AstraZeneca agreed, according to the WSJ. J&J also wanted to build an informal alliance with its…MORE

Inflation is coming, the question is when

Inflation is coming, the question is when

The stock market is soaring and bond yields have pulled back after a big spike earlier this year. But make no mistake: Investors still have plenty to fret about when it comes to the threat of inflation. The US economy is rebounding thanks to stimulus and Covid-19 vaccines. Retail sales went through the roof in…MORE

This $800 million whistleblower program is losing its top cop

This $800 million whistleblower program is losing its top cop

The head of the Securities and Exchange Commission’s highly-successful whistleblower program is stepping down at a delicate moment for the market watchdog. Jane Norberg is leaving the SEC on Friday, after presiding over a four-and-half-year period during which the whistleblower office handed out a staggering $702 million in awards to 114 individuals who aided the…MORE

GM and LG announce another $2.3 billion EV battery plant

GM and LG announce another $2.3 billion EV battery plant

General Motors and LG plan to build a new $2.3 billion plant to build batteries for electric vehicles, a key step toward the US automaker’s goal of an all-electric future. The new plant, GM’s second EV battery operation with LG, will be adjacent to the automaker’s Spring Hill assembly plant in Tennessee, where it announced…MORE

Are you leaving your restaurant job for good? Share your story

Are you leaving your restaurant job for good? Share your story

The restaurant sector suffered millions of job losses during the pandemic. Many restaurant workers and bartenders were let go when restaurants closed their doors. Now, those jobs are starting to come back. But restaurant operators say they’re struggling to staff up. We want to know: Are you a restaurant worker or bartender who has decided…MORE

Bank of America CEO calls for bipartisan push to study restrictive voting laws

Bank of America CEO calls for bipartisan push to study restrictive voting laws

Bank of America’s chief executive is the latest business leader to speak out about restrictive voting legislation in states such as Georgia and Texas, calling for a federal bipartisan commission to investigate the measures. “The right to vote should be distributed in the broadest sense and anything that goes against that shouldn’t be tolerated,” said…MORE

The stock market is throwing a global party

The stock market is throwing a global party

Spurred on by renewed optimism about the post-pandemic recovery and a strong fear of missing out, investors keep pushing stocks higher. What’s happening: The Dow Jones Industrial Average closed above 34,000 for the first time on Thursday as Wall Street celebrated a strong start to corporate earnings season. But US stocks aren’t the only ones…MORE

Dogecoin price soars more than 100% to new record after Elon Musk tweets

Dogecoin price soars more than 100% to new record after Elon Musk tweets

For the second time this week, Dogecoin has hit a milestone. And this time around, it may be thanks to the world’s richest man. The virtual currency, which features the face of a Shiba Inu dog as its logo, soared more than 100% to hit an all-time high of $0.298 Friday morning, according to cryptocurrency…MORE

How to watch Prince Philip’s funeral

How to watch Prince Philip’s funeral

Millions of people around the world are expected to tune into Prince Philip’s funeral service on Saturday, which will be broadcast by major television networks and streamed online. The service honoring the Duke of Edinburgh will begin at 3 p.m. local time (10 a.m. ET) in St George’s Chapel, Windsor with a national minute of…MORE

Newsrooms confront the ‘police say’ problem

Newsrooms confront the ‘police say’ problem

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. The podcaster and cultural critic Toure tweeted on Thursday, “We interrupt our coverage of the protests of the police murder of Daunte Wright which interrupted the trial of the police murder of George Floyd to…MORE

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