Category Archives: CNN – Business

China’s Evergrande puts on a brave face. But will Beijing bail it out?

China’s Evergrande puts on a brave face. But will Beijing bail it out?

Evergrande’s chairman promised his employees Tuesday that they will “walk out of the darkness” caused by the embattled Chinese conglomerate’s historic debt crisis. But what happens next for the company is still anyone’s guess, and the lack of guidance from the company and authorities in Beijing about how the crisis will be resolved is creating…MORE

Bitcoin falls as crypto gets caught up in Evergrande selloff

Bitcoin falls as crypto gets caught up in Evergrande selloff

Bitcoin is falling as fears of the Evergrande crisis sweep through global markets. The digital currency has dropped 5.7% in the last 24 hours, and was trading at $42,955 per coin as of 2:43 am ET on Tuesday, according to cryptocurrency tracker Coindesk. Earlier, it was down as much as 12%. Other cryptocurrencies are tumbling,…MORE

A new focus of news coverage: Are there double standards for Covid protocols?

A new focus of news coverage: Are there double standards for Covid protocols?

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Monday was a day full of pandemic dissonance. Tuesday probably will be, too. On the same day we learned about a major step forward for public health — Pfizer saying that its Covid-19 vaccine is…MORE

FedEx is raising its shipping rates
Noam Galai/Getty Images

FedEx is raising its shipping rates

FedEx will increase its shipping rates starting in the new year, the company announced Monday. The increase is set to take effect on Jan. 3, 2022, and will apply to all US domestic, US export and US import services. FedEx Ground, which delivers to businesses, and FedEx home delivery will increase by an average of…MORE

More than 200 companies joined a pledge to hit net-zero carbon by 2040
David Paul Morris/Bloomberg/Getty Images

More than 200 companies joined a pledge to hit net-zero carbon by 2040

More than 200 companies, including Twitter, Salesforce and Procter & Gamble, signed a climate pledge that aims to reduce their carbon emissions over the next two decades. The project is part of a collaboration between Amazon and the advocacy group Global Optimism. “The breadth of industry that’s committed to this, the size of companies, the…MORE

GM will begin repairs on fire-prone Chevy Bolts next month
Raymond Boyd/Getty Images

GM will begin repairs on fire-prone Chevy Bolts next month

General Motors will begin replacing damaged and fire-prone battery cells on some of its recalled Chevrolet Bolt electric vehicles in mid-October, the automaker announced Monday. GM first announced a recall of the Chevy Bolt electric vehicles in November 2020 due to fire risk, but it didn’t have an immediate fix. In May, it announced a…MORE

Emmys rebound from record ratings low
Chris Pizzello/Invision/AP

Emmys rebound from record ratings low

Sunday was TV’s biggest night, but it was a mixed bag — at least in terms of the ratings. The 73rd Annual Primetime Emmy Awards averaged 7.4 million viewers for CBS. That number is up 16% from last year. That’s the good news. The bad news is that last year’s ratings were the lowest in…MORE

Boeing reportedly investigating empty tequila bottles found on a future Air Force One
Luke Sharrett/Bloomberg/Getty Images

Boeing reportedly investigating empty tequila bottles found on a future Air Force One

Drinking alcohol and building planes don’t really mix. That’s why Boeing is reportedly investigating two small, empty tequila bottles that were found on one of the planes set to serve as the next Air Force One. The plane is one of two 747 jumbo jets being modified to meet the needs of securely carrying the…MORE

Holiday bummer: Now prices are soaring for Christmas trees and decorations

Holiday bummer: Now prices are soaring for Christmas trees and decorations

It’s a good thing that consumers are in a mood to spend heading into the holiday season. They may have to dish out more for a new artificial Christmas tree this year, depending on where they buy it from. Some large sellers of artificial trees say they are increasing their prices by double-digit percentages and…MORE

The Delta variant is keeping the US economy from getting back to normal
Liu Guanguan/China News Service/Getty Images

The Delta variant is keeping the US economy from getting back to normal

The US economy is further from being back to normal again. Thanks, Delta. The more infectious variant of Covid-19 is making people anxious about being around others. That’s bad news for the economy going into the winter months, and might mean it’s time to get used to a slower recovery. The Back-to-Normal Index created by…MORE

Blogs

Headlines