Category Archives: CNN – Business

Your UPS packages could get a lot more expensive this fall

Your UPS packages could get a lot more expensive this fall

Shopping online during the upcoming holiday season could get more expensive if it’s delivered by UPS. The company will begin imposing surcharges of several dollars on companies that ship a huge amount of items this fall and early winter, anticipating rising costs as more more people shop online because of coronavirus. The new fees would…MORE

Stocks finish mixed despite solid jobs report as worries about China resurface

Stocks finish mixed despite solid jobs report as worries about China resurface

Stocks ended the day mixed Friday despite the better than expected jobs report, as new fears about economic tensions between the United States and China cast a shadow over Wall Street after President Trump threatened to ban Tencent-owned messaging app WeChat. The market had been heading for a drop before the jobs numbers came out,…MORE

Fastly’s stock plummets because its largest customer is TikTok

Fastly’s stock plummets because its largest customer is TikTok

One of the pandemic’s best-performing new companies took a hit Thursday because of — you guessed it — TikTok. Fastly, a cloud computing service provider, has risen 364% in the Nasdaq in 2020, and has even outpaced Zoom during the pandemic. Yet President Donald Trump’s recent threats to outlaw TikTok — which accounted for 12%…MORE

College dining will look completely different this fall

College dining will look completely different this fall

As the pandemic continues to surge across the country, colleges and universities are making multiple changes to try to keep students and staffers safe. So far, about 350 four-year colleges in the United States have decided to operate primarily online, according to data from the Chronicle of Higher Education and Davidson College’s College Crisis Initiative.…MORE

Three journalists of color resign from Bon Appétit’s Test Kitchen videos

Three journalists of color resign from Bon Appétit’s Test Kitchen videos

Three Bon Appétit journalists of color said Thursday they will no longer participate in the Condé Nast-owned food brand’s popular video series. Priya Krishna, Sohla El-Waylly and Rick Martinez posted simultaneous announcements on social media about their decisions following their unsuccessful contract negotiations with the company. Krishna and Martinez alleged in their posts they were…MORE

E! News is canceled after 29 years on air

E! News is canceled after 29 years on air

Here’s another casualty of Covid-19: E! News The entertainment news show, launched in 1991, was canceled in response to the economic fallout from the coronavirus pandemic, a representative for NBC Universal confirmed with CNN Business in an email. In addition, E!’s seven-month-old celebrity news shows, “Pop of the Morning” and “In the Room,” a celebrity interview series hosted…MORE

Bank regulators crack down on Capital One after its massive data breach

Bank regulators crack down on Capital One after its massive data breach

The US government and Federal Reserve on Thursday took action against Capital One in response to the bank’s massive 2019 data breach. The Fed filed a cease and desist order, laying out steps Capital One must take to improve its risk-management program and internal controls related to cybersecurity and information security. It’s part of consent…MORE

Americans have less debt for the first time in six years

Americans have less debt for the first time in six years

Americans have less debt for the first time in six years, as they spent less money during the pandemic lockdown, new data from the Federal Reserve Bank of New York shows. American credit card balances fell by $76 billion, their steepest decline on record, between April and June, which included the most restrictive period of…MORE