Category Archives: CNN – Business

Outspoken Chinese billionaire Sun Dawu sentenced to 18 years in prison
Noel Celis/AFP/Getty Images

Outspoken Chinese billionaire Sun Dawu sentenced to 18 years in prison

Billionaire Sun Dawu, a vocal critic of the Chinese government, was sentenced to 18 years in prison on Wednesday for “picking quarrels and provoking troubles,” according to an official statement posted by the court. Sun was arrested in March this year. His company, Hebei Dawu Agricultural and Animal Husbandry Group, owns farming operations in China…MORE

Disney World and Disneyland to again require masks indoors
Walt Disney World Resort/Getty Images

Disney World and Disneyland to again require masks indoors

Disney World and Disneyland, the two crown jewels of Disney’s parks unit, will again require masks indoors. The company announced on Wednesday that it was adapting its health and safety guidelines based on “guidance from health and government officials.” The resorts — which are located in Orlando, Florida and Anaheim, California — will require employees,…MORE

Pioneering TV pitchman Ron Popeil dies at age 86
Reed Saxon/AP

Pioneering TV pitchman Ron Popeil dies at age 86

Infomercial king Ron Popeil died “suddenly and peacefully” Wednesday at Cedars Sinai Medical Center in Los Angeles, according to a statement provided to CNN by Popeil representative Eric Ortner. He was 86. Popeil started his sales career in Chicago-area flea markets at the age of 16, according to his official biography. In 1959 he appeared…MORE

Robinhood raises less than it had hoped in IPO
Kimberly White/Getty Images for Robinhood

Robinhood raises less than it had hoped in IPO

Robinhood’s highly-anticipated debut on Wall Street is getting off to a rough start. The fast-growing trading company failed to raise as much money as it had hoped. Robinhood’s initial public offering priced at $38 a share, the low end of the expected range. That suggests demand for the controversial company may have been softer than…MORE

These companies are insisting on Covid-19 vaccines for their employees
Ethan Miller/Getty Images

These companies are insisting on Covid-19 vaccines for their employees

After months of encouraging employees to get vaccinated against Covid-19, companies are beginning to take a harder line and roll out mandates — a dramatic escalation of Corporate America’s approach to halting the spread of the virus. Momentum for vaccine mandates has been building, and President Joe Biden was expected on Thursday to announce a…MORE

Why rising coffee prices won’t change what you pay for Starbucks drinks
Scott Olson/Getty Images

Why rising coffee prices won’t change what you pay for Starbucks drinks

Coffee prices are surging. But that won’t make a difference in how much you spend on a cup of joe at Starbucks. Higher input costs have been prompting companies across industries to charge their customers more. Household furnishings are more expensive. Cereal boxes are shrinking will prices stay the same or grow. And restaurants from…MORE

New CDC mask guidance throws stores’ policies into flux
Marcio Jose Sanchez/AP

New CDC mask guidance throws stores’ policies into flux

Stores are re-evaluating their mask policies after the US Centers for Disease Control and Prevention updated guidance Tuesday to recommend that fully vaccinated people wear masks indoors in areas with high transmission of Covid-19, which includes nearly two-thirds of all US counties. The CDC’s new guidance was in response to the rising spread of the…MORE

Managers will have to enforce rules for unvaccinated employees, and it won’t be easy

Managers will have to enforce rules for unvaccinated employees, and it won’t be easy

Most employers have not outright mandated Covid vaccines as a condition of employment for their current staff … at least not yet. Instead, many have “strongly encouraged” employees to get vaccinated and, in some cases, incentivized them with things like cash or more time off. But given the precipitous rise in Covid cases thanks to…MORE

Playlist