Category Archives: CNN – Business

Why baseball’s billionaire owners and millionaire players just can’t get along

Why baseball’s billionaire owners and millionaire players just can’t get along

Major League Baseball’s string of 26 straight seasons of labor peace came to an end early Thursday when the owners locked out the players. That’s bad news for fans of the sport, even if there isn’t a single game canceled as a result. In the world of labor relations, a lockout is management’s equivalent of…MORE

‘This is a crisis now.’ Biden official pleads with Congress to immediately address computer chip shortage

‘This is a crisis now.’ Biden official pleads with Congress to immediately address computer chip shortage

The worldwide computer chip shortage is fanning the flames of inflation and limiting the supply of everything from iPhones to new cars. Unfortunately, this highly disruptive shortage is unlikely to go away until “deep into 2022,” Commerce Secretary Gina Raimondo told CNN. Raimondo, who recently toured semiconductor factories in Asia, said short-term problems linked mostly…MORE

Dollar General is chasing wealthier shoppers with 1,000 new stores

Dollar General is chasing wealthier shoppers with 1,000 new stores

Dollar General has become a retail empire by building small stores in rural towns across America to attract mainly low-income shoppers. Now, the company will expand its push to win wealthier customers in the suburbs using a new store model and name: Popshelf. Dollar General said Thursday it will open 1,000 Popshelf stores over the…MORE

Dow gains more than 600 points as wild stock market volatility continues

Dow gains more than 600 points as wild stock market volatility continues

The stock market’s volatility is showing no signs of letting up. US equities are rallying on Thursday, attempting to rebound from the prior two days of steep losses. All three major indexes are in green and then some: The Dow is up more than 650 points, or 1.9%, in the early afternoon, while the broader…MORE

MLB blacks out players on its website
Michael Reaves/Getty Images North America/Getty Images

MLB blacks out players on its website

If you went to Major League Baseball’s website on Thursday and felt something was off, you’re not alone. MLB’s website has become a desolate place that lacks any news or images of baseball’s biggest stars. That’s because of the MLB lockout — the ninth work stoppage in baseball history, which took effect at midnight Thursday.…MORE

Burger King is returning the Whopper to its original price
Chris Ratcliffe/Bloomberg/Getty Images

Burger King is returning the Whopper to its original price

Burger King’s Whopper is turning 64 years old, and it’s giving the sandwich a price to match. This Friday and Saturday, Burger King will sell its signature sandwich for 37 cents in what it’s calling a “two-day birthday bash.” The promotion will be offered exclusively to members of the chain’s Royal Perks rewards program and…MORE

Workers are ghosting employers. Here’s how companies can combat no-shows
CNN

Workers are ghosting employers. Here’s how companies can combat no-shows

Home health provider Interim HealthCare of the Upstate currently has 51 open positions it’s looking to fill. Since September, 17 candidates have canceled their interviews and 20 didn’t even show up. Recruitment and retention tends to be difficult in the home health care industry, but it’s been even tougher over the last several months. “We…MORE

BuzzFeed is voting to go public, but some of its staff just walked out
Craig Barritt/Getty Images for Buzzfeed

BuzzFeed is voting to go public, but some of its staff just walked out

BuzzFeed may soon trade on the stock market, serving as a bellwether for the rest of the media industry’s financial futures. Even before the decision on going public is final, though, it’s already reflecting a key tension in the industry: In preparation for the vote that will take the company public, some of its staff…MORE

There is no custom code to display.