company activities and management

The market read the Federal Reserve all wrong | CNN Business

The market read the Federal Reserve all wrong | CNN Business

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. New York CNN Business  —  After the Federal Reserve’s July meeting, investors quickly reached a consensus: The central bank was turning slightly dovish. After embarking on an aggressive rate-hike spree this year in …

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The mysterious companies behind Costco's Kirkland Signature and Trader Joe's O's | CNN Business

The mysterious companies behind Costco’s Kirkland Signature and Trader Joe’s O’s | CNN Business

New York CNN Business  —  Kirkland Signature. Two-Buck Chuck. Simple Truth. Cat & Jack. Great Value. Amazon Basics. Store brands have never been more popular. They have become forces in their own right and make up around 21% of sales in the $1.7 trillion US grocery industry, according to IRI. As prices surge, store brands …

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Home prices hit an all-time high, even as sales continue to slow | CNN Business

Home prices hit an all-time high, even as sales continue to slow | CNN Business

Home prices hit a new all-time high in June, even as home sales declined for the fifth straight month as a lack of affordability continues to push buyers out of the market. The median home price was $416,000 last month, up 13.4% from one year ago, according to a report from the National Association of …

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Judge orders October trial for lawsuit between Elon Musk and Twitter | CNN Business

Judge orders October trial for lawsuit between Elon Musk and Twitter | CNN Business

New York CNN Business  —  In an early victory for Twitter, a judge on Tuesday ruled that the company’s lawsuit against Elon Musk over their $44 billion acquisition agreement should go to a five-day trial in October. The decision came at the end of the first hearing in the case over whether to expedite the …

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Why Tide Pods look like candy | CNN Business

Why Tide Pods look like candy | CNN Business

New York CNN Business  —  In 2004, Procter & Gamble was looking for a hit. It had been two decades since the consumer products conglomerate introduced Tide liquid detergent, revolutionizing the way people washed their clothes. Cheaper rivals and in-house store brands were chipping away at Tide’s dominance. P&G had also found that consumers were …

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Starbucks is closing 16 stores over safety concerns | CNN

Starbucks is closing 16 stores over safety concerns | CNN

New York CNN Business  —  Starbucks is planning to close 16 locations across various cities, citing safety concerns. “After careful consideration, we are closing some stores in locations that have experienced a high volume of challenging incidents that make it unsafe to continue to operate,” a spokesperson told CNN Business in an email. The stores …

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Musk tells Twitter he wants out of deal to buy it. Twitter says it will force him to close the sale | CNN Business

Musk tells Twitter he wants out of deal to buy it. Twitter says it will force him to close the sale | CNN Business

New York CNN Business  —  Elon Musk moved Friday afternoon to terminate his $44 billion deal to buy Twitter — the latest twist in a whirlwind process in which the billionaire Tesla CEO became the company’s biggest shareholder, turned down a board seat, agreed to buy the social media platform and then started raising doubts …

Musk tells Twitter he wants out of deal to buy it. Twitter says it will force him to close the sale | CNN Business Read More »

Tesla's layoffs hit Autopilot team as AI develops | CNN Business

Tesla’s layoffs hit Autopilot team as AI develops | CNN Business

Washington, DC CNN  —  Tesla (TSLA) is increasingly turning to machines rather than humans as it attempts to develop autonomous vehicles. As part of Tesla’s plans to cut 10% of salaried staff, the company has laid off a significant number of its data annotation specialists. These specialists do grunt work that is critical to empowering …

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Layoffs are on the rise in the midst of crypto winter | CNN Business

Layoffs are on the rise in the midst of crypto winter | CNN Business

New York CNN Business  —  Hao Jia was so convinced in the potential of cryptocurrencies that he passed up a job at a large tech firm, Oracle, to take another offer he received in early April to be a software engineer at one of the buzziest crypto startups, Coinbase. But last week, Jia was one …

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