Category Archives: CNN – Business

More than half of businesses that closed during the pandemic won’t reopen

More than half of businesses that closed during the pandemic won’t reopen

About 60% of businesses that have closed during the coronavirus pandemic will never reopen, and restaurants have suffered the most, according to new data from Yelp. The reviews site has been keeping tabs on closures since March. Businesses can update their status to temporarily or permanently closed on Yelp. As of August 31, nearly 163,700…MORE

Jim Carrey will play Joe Biden on ‘SNL’

Jim Carrey will play Joe Biden on ‘SNL’

“Saturday Night Live” has found its Joe Biden. Jim Carrey will play the Democratic nominee and former vice president on this season of “SNL,” NBC announced Wednesday. The variety series will return just in time to mock the 2020 presidential election when it debuts on October 3. The series will premiere with five consecutive episodes…MORE

Kodak stock soars after review finds no insider trading

Kodak stock soars after review finds no insider trading

Kodak stock briefly surged more than 80% on Wednesday after a special committee’s investigation found no evidence of insider trading prior to the announcement of a US government loan. Although the review found no signs of Kodak breaking the law, it did find the company mishandled stock options granted to its CEO in the days…MORE

Retail sales growth slowed down in August

Retail sales growth slowed down in August

Retail sales ticked up in August from the previous month but at a slower pace after the enhanced unemployment benefits provided by the federal government ended. US retail sales rose 0.6% in August, the Commerce Department reported Wednesday. That’s below the 1% predicted by economists surveyed by Refinitv. In July, retail sales grew 0.9%, the…MORE

DOJ orders Al Jazeera platform to register as foreign agent

DOJ orders Al Jazeera platform to register as foreign agent

The Justice Department ordered an Al Jazeera online news platform based in the US to register as a foreign agent on Monday, declaring that the outlet is “an agent of the Government of Qatar,” according to a letter from the Justice Department obtained by CNN. The designation for that platform, AJ+, came on the same…MORE

Chuck E. Cheese wants to destroy 7 billion prize tickets

Chuck E. Cheese wants to destroy 7 billion prize tickets

This might qualify as a kid’s wildest dream: a mountain of 7 billion Chuck E. Cheese prize tickets. It’s enough paper to fill 65 shipping containers, each 40 feet long, with tiny pieces of paper emblazoned with the image of the chain’s mascot, a rat named Chuck. And enough to cash in for $9 million…MORE

Getting to net zero emissions could cost $2 trillion a year, report says

Getting to net zero emissions could cost $2 trillion a year, report says

Achieving net zero greenhouse gas emissions by 2050 is possible but will cost $1 trillion to $2 trillion a year, according to a new report, which warns that the cost of unmitigated climate change will be much higher. The Energy Transitions Commission, a coalition of senior executives from 45 energy producers, financial institutions and environmental…MORE

McDonald’s new ‘Travis Scott Meal’ is in short supply at some restaurants

McDonald’s new ‘Travis Scott Meal’ is in short supply at some restaurants

The Travis Scott meal has been such a success that McDonald’s is running out. McDonald’s launched the limited-time meal based on the rapper’s favorite childhood order earlier this month. Scott, a Grammy Award-nominee, is the first celebrity to have his name on McDonald’s menu since Michael Jordan’s “McJordan” nearly 30 years ago. “Some of our…MORE

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