Business News

Insist or incentivize? Companies are deciding whether to make vaccines mandatory

Insist or incentivize? Companies are deciding whether to make vaccines mandatory

Companies are now being forced to answer a question that was until recently mostly hypothetical. Should they require their employees to get a coronavirus vaccine, or incentivize them to get the shot? British business is at the forefront of the debate. While vaccination programs are accelerating in many countries, Britain is among the most advanced.…

MyPillow and CEO Mike Lindell hit with $1.3 billion lawsuit

MyPillow and CEO Mike Lindell hit with $1.3 billion lawsuit

Dominion Voting Systems, the election technology company that has been the focus of debunked conspiracy theories about election fraud, is suing MyPillow and its CEO Mike Lindell. The company is seeking about $1.3 billion in damages for Lindell’s numerous unfounded public statements by allies of former President Donald Trump that Dominion rigged its machines in…

Disney+ warns viewers that ‘The Muppet Show’ includes offensive content

Disney+ warns viewers that ‘The Muppet Show’ includes offensive content

Disney+ is warning viewers that some episodes of “The Muppet Show” feature “negative depictions” and “mistreatment of people or cultures.” The variety show, which ran for 120 episodes in the 1970s and features puppet characters interacting with celebrity guests, was added to Disney’s streaming service last week. Viewers are being shown the warning label before…

Another safety scare is the last thing Boeing needs

Another safety scare is the last thing Boeing needs

Boeing has spent years trying to assure customers, regulators and the public that its planes are safe. That job may have just gotten harder. What’s happening: Airlines in the United States, South Korea and Japan have grounded dozens of Boeing 777 aircraft after one of the jets suffered engine failure Saturday, sending debris crashing down…

Taco Bell joins the chicken wars with a new taco

Taco Bell joins the chicken wars with a new taco

Everyone seems to love fried chicken sandwiches. But how about a fried chicken sandwich on a taco? Taco Bell is making that dream come true with its new Crispy Chicken Sandwich Taco. It’s a creative concoction: The all-white piece of chicken is marinated in jalapeño buttermilk and fried with a crunchy tortilla chip coating, served…

Rio Tinto blew up a sacred site in Australia. The CEO left but still got a huge payout

Rio Tinto blew up a sacred site in Australia. The CEO left but still got a huge payout

Rio Tinto’s former CEO got a huge payout last year despite being forced to resign over the company’s destruction of a sacred Indigenous site in Australia. Jean-Sébastien Jacques received £13.3 million ($18.6 million) in pay and long-term incentive rewards in 2020, compared to £7.1 million ($9.9 million) the previous year, according to the company’s annual…

Airlines ground dozens of Boeing 777 planes after engine failure over Denver

Airlines ground dozens of Boeing 777 planes after engine failure over Denver

Airlines in the United States, South Korea and Japan have grounded dozens of Boeing 777 aircraft after one of the jets suffered engine failure Saturday, sending debris crashing down over Denver. Boeing on Sunday recommended that airlines stop flying versions of the aircraft that are equipped with Pratt & Whitney 4000-112 engines while US authorities…

Publix joins a growing list of grocers offering incentives for workers to get vaccinated

Publix joins a growing list of grocers offering incentives for workers to get vaccinated

Publix joined a growing list of US grocers and retailers offering incentives to workers who get the Covid-19 vaccine. The popular Southern supermarket chain said it is offering its employees $125 gift cards when they sign up and show proof of vaccination. While more and more employers are offering similar incentives, vaccine distribution and eligibility…

White House says stock-trading tax is worth studying after GameStop frenzy

White House says stock-trading tax is worth studying after GameStop frenzy

The White House supports studying the merits of a financial transaction tax — a move favored by progressives and despised by Wall Street — in the wake of the GameStop trading frenzy. The GameStop situation highlights the serious issues of investor protection and market integrity, a White House spokesperson told CNN Business on Sunday. The…

Biden lies less than Trump, fact-checkers say. But he’s not perfect

Biden lies less than Trump, fact-checkers say. But he’s not perfect

Fact-checkers are entering a new era under President Joe Biden’s administration. While Biden isn’t perfect, his claims are “more like a smattering” of false statements compared to “the daily avalanche” that came from former President Donald Trump, CNN’s fact-checker Daniel Dale said on “Reliable Sources.” Like most politicians, Biden exaggerates and embellishes at times. Dale…

As Texas went dark, Fox News blamed windmills

As Texas went dark, Fox News blamed windmills

The majority of power outages in Texas over the past week came from losses in coal, natural gas and nuclear energy, according to the state’s own energy officials. But right-wing media has zeroed in on another, far smaller culprit: wind turbines and solar energy. “This week showed that the problem of parallel news universes —…

How bitcoin is like a teenager

How bitcoin is like a teenager

With the value of bitcoin in the market topping $1 trillion, longtime backers may be wiping tears from their eyes. The cryptocurrency is growing up. What’s happening: Bitcoin’s dizzying ascent has reached new heights. The price of one bitcoin passed $20,000 for the first time in December. Last week, it breached $50,000. The euphoria that’s…

Texas officials are investigating outrageous energy bills in storm price surge

Texas officials are investigating outrageous energy bills in storm price surge

Dallas resident DeAndre Upshaw said it was “very shocking” when he opened his latest electricity bill. “While I’m trying to get gas and groceries and make sure that my pipes don’t explode, the last thing I’m thinking about is a $7,000 bill from my utility company,” Upshaw told CNN’s Fredricka Whitfield via Skype Saturday. As…

Six Flags plans to open all of its amusement parks for 2021 season

Six Flags plans to open all of its amusement parks for 2021 season

Six Flags Entertainment Corporation says it is planning to open all 26 of its amusement parks and water parks for the 2021 season, including five that were not able to operate last year because of the coronavirus pandemic. The company said it worked with epidemiologists to develop a reopening plan that “meets or exceeds federal,…

Bill Gates: Tradeoffs in Texas led to deaths

Bill Gates: Tradeoffs in Texas led to deaths

In an interview with CNN’s Anderson Cooper, Bill Gates said deaths during Texas’ winter freeze were preventable, caused by the state’s decision not to weatherize its energy. Gates pushed back on Texas Governor Greg Abbott’s claim that frozen wind turbines were to blame for the massive power failure. Gates said America’s dependence on renewable energy…

‘Thank God for The Texas Tribune’: Power crisis shines light on local news

‘Thank God for The Texas Tribune’: Power crisis shines light on local news

For nearly a year, newsrooms have mostly sat empty because of the pandemic. Staffers have been working from home and not seeing many of their coworkers in person. But over the past week in Texas, as millions lacked power and water, local journalists sought refuge in each others’ homes or even in their abandoned newsrooms.…

Beyoncé’s much-hyped ‘Icy Park’ Adidas apparel is finally here

Beyoncé’s much-hyped ‘Icy Park’ Adidas apparel is finally here

“Icy Park” is finally here. Beyoncé’s sports apparel brand Ivy Park x Adidas released its third collection of merchandise online Friday after nearly a month of teasing it on social media. The collection is full of “icy” colors including white, light blue, pink and multi-color ski tag prints, with items like a knit catsuit, latex…

Copper prices are soaring. Here’s why that’s good news for the recovery

Copper prices are soaring. Here’s why that’s good news for the recovery

Copper prices climbed to their highest level in nearly a decade Friday as investors in the commodity anticipate rising demand for infrastructure and construction projects in the post-pandemic economy. On Friday, the price of copper climbed above $4 per pound for the first time since September 2011. The base metal is used in many construction…

Why the Texas power catastrophe could happen in your state, too

Why the Texas power catastrophe could happen in your state, too

The blackouts that shut down most of Texas for much of this week could be coming to other parts of the country in the future. The power outages lasted for days, caused widespread misery and dozens of deaths in a state where many customers depend on electric heat. But experts in the field, regulators in…

Bitcoin’s market value tops $1 trillion

Bitcoin’s market value tops $1 trillion

The trillion-dollar market value club has a new member: bitcoin. The total number of bitcoins trading are now collectively worth more than $1 trillion. That’s because the price of a bitcoin hit a number of new all-time highs Friday. One bitcoin currently costs more than $54,000 — and there are about 18.6 million bitcoins in…