DIRS.INFO The most relevant business & tech news

☆ Motorsport is trying to reach Net Zero. Could fuels like this, made from air and water, help accelerate the journey?
▼ + stars: | 2024-10-01 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +10 min

“I believe all fuels will be made in this way, and we won’t be using fossil fuels anymore at all. Zero continued its foray into motorsport in April, linking up with 2B Autosport to become the first synthetic fuel partner in rally car racing. Zero PetroleumZero could perhaps seek to emulate P1 Fuels, a synthetic fuel firm that is already an established player in the industry. Porsche announced this year that the Porsche Mobil 1 Supercup – a one-make stock car series – would run exclusively on synthetic fuels produced at the Haru Oni plant. In addition, some experts suggest that electric power, a significantly cheaper alternative to synthetic fuels, would be a much more efficient way of decarbonizing the sport than synthetic fuel.

Persons: BloombergNEF, Haru, ”, Paddy Lowe, “, Lowe, Nigel Mansell, Nico Rosberg, Mika Häkkinen, Lewis Hamilton, Peter J Fox, “ petrolhead, “ I’ve, Damon Hill, Zero, Valtteri Bottas, Zhou Guanyu, Lamborghini Miura, Diehard, Jean Todt, Loredana Sangiuliano Organizations: CNN, Zero Petroleum, diesel, Vehicles, NASCAR, CNN Sport, Hydrogen Insight, McLaren, Mercedes, Constructors, Formula One, Sauber, Autosport, British Royal Air Force, Zero, P1, World, Porsche, Porsche Mobil, Aramco, Former International Automobile Federation, FIA, E Locations: Bicester , England, Southern Chile, Bicester, Saudi

☆ Tim Walz discloses a six-figure salary, modest retirement savings and a pension
▼ + stars: | 2024-09-06 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +3 min

Many recent candidates for high office, by contrast, report millions in income and assets from multiple sources on their forms. Walz reported a $210,287 income from his job as governor of Minnesota from January 2023 through August of this year and a bank account with between $15,000 and $50,000 in cash. But Walz does have a few retirement savings accounts. In addition, Walz will be eligible for Social Security benefits and a pension as a former member of the US House of Representatives. “They did (a) story that said he’s actually richer than his statement says, because he has — and I quote, like this is an evil thing — ‘a defined benefit pension plan.’ That is my wish for every American to have a defined benefit pension plan,” he said.

Persons: Tim, Walz, — Walz, ”, “, he’s, – CNN’s Aaron Pellish Organizations: CNN, Democratic, Federal, National Guard, of Minnesota, Association, Social Security, FEC, Labor Locations: Minnesota, Milwaukee

☆ Telegram CEO says he was ‘surprised’ by his arrest and interrogation
▼ + stars: | 2024-09-05 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

Durov was arrested at a Paris airport amid an investigation into suspected offenses related to criminal activity on Telegram, according to French prosecutors. Telegram, which Durov said had 950 million users, is used both as an everyday messaging tool and a way work around authoritative governments – but White supremacist groups and Isis also favor it. In the Telegram post Thursday, his first since his arrest, Durov acknowledged that the app’s “abrupt increase” in users caused growing pains that made it easier for criminals to abuse the platform. Durov noted the app refused to hand over “encryption keys” to Russia, resulting in a ban there. The app also was banned in Iran after the app refused to block channels used by protesters, he said.

Persons: Pavel Durov, Durov, Isis, We’ve, ” Durov, “, ’, ”, Francini, Emmanuel Miculita, Anna Chernova, Zahid Mahmood Organizations: New, New York CNN —, Prosecutors Locations: New York, Paris, Switzerland, Russia, Iran

US Steel and Nippon Steel both indicated in statements that they’re open to legal fights to get the deal approved, no matter what actions is announced by Biden. Shares of US Steel (X) closed down 17.5% on the news at $29.37, well below the $55 a share that Nippon Steel agreed to pay for the stock back in December when the deal was announced. US Steel said the future of this and other union-represented plants at the company are at risk unless it gets approval to be purchased by Nippon Steel. US Steel says it has more than 3,000 employees in the state in its remaining steel mills along the Monongahela River just outside of Pittsburgh. The union says it doesn’t believe in the promises made by Nippon Steel so far and that it remains opposed to the purchase.

Persons: Joe Biden, Biden, “, Biden’s, Kamala Harris, Donald Trump, JD Vance, Harris, David Burritt’s “, Gene J, Philip Gibbs, ” Gibbs, ”, Gibbs, “ You’re, you’re, CFIUS, Michael Leiter, Skadden’s CFIUS, ” – CNN’s Matt Egan Organizations: Washington DC CNN, Nippon, US Steel, White, Foreign Investment, White House, Treasury, Steel, Nippon Steel, “ Nippon Steel, Washington Post, Labor, United Steelworkers, Justice, KeyBanc, CNN, steelworkers, “ Nippon, National Security Locations: United States, Japan, American, Pittsburgh, shoring, Gary , Indiana, “, Clairton , Pennsylvania, Pennsylvania, Monongahela, America

☆ Nvidia is suddenly in trouble
▼ + stars: | 2024-09-04 | by ( David Goldman | ) edition.cnn.com time to read: +4 min

CNN —Nvidia, the AI chipmaking titan that was briefly the world’s most valuable company, has suddenly found itself in an unfamiliar position: a major rut. Nvidia (NVDA) had the worst day in the history of the stock market Tuesday, as measured by loss in total market value. To put that shocking decline into context, only 27 companies on the planet are worth as much as Nvidia lost in value Tuesday. That’s why bulls like Wedbush’s Dan Ives believe Nvidia’s stock decline presents a buying opportunity. – CNN’s Ramishah Maruf contributed to this reportCorrection: Correction: An earlier version of this story incorrectly described TSMC's relationship with Nvidia.

Persons: Jensen Huang, ”, Biden, Kamala Harris, Donald Trump, Huang, Blackwell, “, ” Huang, Wedbush’s Dan Ives, ” Ives, –, Ramishah Maruf Organizations: CNN, Nvidia, Meta, McDonald’s, Chevron, Pepsi, BlackRock, Microsoft, Intel, US Justice Department, Bloomberg, Department of Justice, Justice Department, US Department of Justice, titans, Apple, Google, Nasdaq

☆ Spirit Airlines, known for no-frills flying, will offer business-class seats
▼ + stars: | 2024-07-30 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —Spirit Airlines, the ultra-low cost carrier known for charging bargain-hunting passengers for anything and everything, is introducing business class seating. Farther back in the plane Spirit will also allow passengers to pay more for seats in rows where the middle seat will not be sold. Spirit looked at merging, first with another ultra low cost carrier, Frontier Airlines, and then with JetBlue Airways. Last week Southwest Airlines, the nation’s older lower fare carrier, announced it would end its open seating policy it has used throughout its history and let passengers reserve seats for the first time. However, Southwest has not announced any plans to offer wider, business class seats.

Persons: “, we’ve, ”, Ted Christie, – CNN’s Erika Tulfo Organizations: New, New York CNN — Spirit Airlines, United, Delta, Frontier Airlines, JetBlue Airways, Southwest Airlines Locations: New York, ”, Southwest

☆ Earthquake shakes Los Angeles, with epicenter near Barstow
▼ + stars: | 2024-07-29 | by ( Cheri Mossburg | ) edition.cnn.com time to read: 1 min

CNN —An earthquake shook the Los Angeles region Monday afternoon. The US Geological Survey reported a 4.9 magnitude quake with an epicenter near Barstow, California – about 103 miles northeast of Los Angeles. The USGS also reported quakes of 3.5 and 2.7 magnitude in the minutes following the first earthquake. Most of Southern California felt the earthquake, and the USGS detected shaking as far east as Las Vegas, Nevada. Video Ad Feedback 5 things you should know about earthquakes 01:35 - Source: CNNThis is a developing story and will be updated.

Organizations: CNN, Geological Survey, Warner Bros Locations: Los Angeles, Barstow , California, Burbank, Southern California, Las Vegas , Nevada

☆ How Boeing defrauded the United States and escaped with a slap on the wrist
▼ + stars: | 2024-07-13 | by ( Chris Isidore | Pete Muntean | ) edition.cnn.com time to read: +10 min

Boeing agreed to plead guilty to a charge that it defrauded the Federal Aviation Administration, hiding crucial information about a design flaw on the 737 Max during its original certification process. Boeing attorneys had it as part of their mission to make sure that its executives did not face any criminal charges, Lindquist said. A Boeing spokesman said the company had no comment about the anticipated guilty plea or the case beyond a brief statement confirming the agreement. Another way to make executives payEven if there are no criminal charges brought against executives, they can face significant penalties, Arlen said. Why Boeing will keep its government contractsThe most serious penalty that Boeing could face is by far the least likely – it could be barred from federal government contracts due to its guilty plea.

Persons: Critics, ”, Peter Goeltz, Goeltz, “ I’m, Moody’s, Paul Cassell, Jemal Countess, “, Mark Lindquist, Lindquist, FAA ”, Mark Forkner, ” Lindquist, there’s, that’s, Arlen, Dave Calhoun, Dennis Muilenburg, Calhoun, Max, Patrick Ryder, Robert Clifford, – CNN’s Natasha Bertrand Organizations: New, New York CNN, Boeing, Federal Aviation Administration, National Transportation Safety Board, CNN, ”, Alaska Airlines, Justice Department, FAA, Volkswagen, University of Utah, Ethiopian Airlines, Max, Alaska Air, DOJ, “, Department of Defense, Pentagon, Air Force, Department of Justice, they’re Boeing Locations: New York, Alaska, Indonesia

☆ Inside a despondent White House: Aides gripped by unease as Biden’s political future remains uncertain
▼ + stars: | 2024-07-08 | by ( Mj Lee | ) edition.cnn.com time to read: +3 min

CNN —As President Joe Biden’s political future hangs in the balance, many inside the White House – still rattled by the president’s disastrous debate performance last month – are now gripped with anxiety and unease about whether Biden will continue his reelection campaign. Inside the White House, where TV screens are always on and set to four cable news channels – CNN, MSNBC, Fox and CNBC – the devastating headlines casting doubt on Biden’s political future have been unavoidable. In the tumultuous days since the debate, many senior administration officials have had check-ins with their teams and individual direct reports, sources said. Over the weekend, there was one widely discussed topic of intrigue: the identity of one “senior White House official” who anonymously told The New York Times that they do not believe the president should continue to seek reelection. When asked about that person, one senior White House official gave CNN a brusque response: “They shouldn’t be in the White House.

Persons: Joe Biden’s, Biden, Hakeem Jeffries, ”, “, ‘, ’ They’re, Jeff Zients, ” Zients Organizations: CNN, MSNBC, Fox, CNBC, Democratic, Biden, White House, New York Times, White Locations: Pennsylvania

☆ Esports World Cup: The new tournament in Saudi Arabia causing a big splash and division in the industry
▼ + stars: | 2024-07-06 | by ( Ben Church | ) edition.cnn.com time to read: +12 min

The Esports World Cup (EWC) – which began on July 3 – has brought together professional gamers, publishers and fans from across the world for an eight-week competitive gaming bonanza. To bring this on the similar scale as the largest traditional sports events and something that brings together the whole industry,” Reichert said. Discovery – CNN’s parent company – and the Esports World Cup Foundation agreed to a new partnership which includes Eurosport, CNN and other WBD platforms. “From my experience, there are a lot of people in [Saudi Arabia] that love their games, right to the top. “It’s probably unprecedented how quickly Saudi Arabia is moving ahead in its progression.

Persons: –, Ralf Reichert, ” Reichert, “, Gen.G, Mohammed Saad, Reichert, ”, Sam Mathews, It’s, it’s, Prince Mohammed bin Salman, sportswashing, SGG, Rod Breslau, “ It’s, ” Dana Ahmed, Manahel, Otaibi, Nick McGeehan, FairSquare, Mohamed bin Salman, Liquid’s, Steve Arhancet, Mathews Organizations: CNN, CNN Sport, Riot, New York Times, Adidas, Warner Bros, Eurosport, Anadolu, Getty, EWC, EWC Foundation, Saudi, MBS, Fox News, Investment Fund, Gaming, Amnesty, Fnatic, “ Locations: Saudi, Saudi Arabia, esports, “ Saudi Arabia, Breslau

☆ Teamsters President Sean O’Brien to speak at Republican National Convention
▼ + stars: | 2024-06-21 | by ( Chris Isidore | Arit John | ) edition.cnn.com time to read: +4 min

York CNN —Teamsters President Sean O’Brien will speak to the Republican National Convention in Milwaukee in July, a sign that former President Donald Trump’s campaign is hoping to peel off the support of union members from President Joe Biden. But unlike other speakers at the RNC, O’Brien’s appearance does not represent an endorsement of Trump, according to Teamsters union spokesperson Kara Deniz. O’Brien has requested the opportunity to also speak at the Democratic National Convention in Chicago in August. “Our GREAT convention will unify Americans and demonstrate to the nation’s working families they come first,” Trump wrote. “This is truly unprecedented since it will be the very first time a Teamsters General President has addressed the RNC,” she said in an email.

Persons: Sean O’Brien, Donald Trump’s, Joe Biden, Trump, Kara Deniz, O’Brien, Deniz, ” Trump, “, ” Deniz, ”, ” “, John Palmer, Biden, Sen, Markwayne Mullin, Bernie Sanders, Matt Hill, – CNN’s Gregory Krieg, Kristen Holmes Organizations: York CNN, Republican National Convention, RNC, Teamsters, Democratic National Convention, DNC, United Auto Workers, National Labor Relations Board, AFL, UAW, National Education Association, Democratic, Republican Locations: York, Milwaukee, Chicago, Lago, Oklahoma

☆ Walmart starts bonus program for hourly workers
▼ + stars: | 2024-06-05 | by ( Chris Isidore | ) edition.cnn.com time to read: +1 min

New York CNN —Walmart, America’s largest private-sector employer, is starting a bonus program for its hourly employees. Walmart has an outsized impact on the labor market for hourly workers , and has been grappling with finding and retaining the workers it needs in a tight labor market. The company has 1.6 million US employees, of which nearly 1.5 million are hourly workers. It said this new program covers about 700,000 of those hourly employees who work in stores. Walmart boosted the average pay of its store managers from $117,000 to $128,000, or by just over 9%, the retailer announced earlier this year.

Persons: – CNN’s Nathaniel Meyersohn Organizations: New, New York CNN, Walmart Locations: New York

☆ Elon Musk has been getting Trumpier. A direct line to Trump may be next
▼ + stars: | 2024-05-30 | by ( Clare Duffy | Brian Fung | ) edition.cnn.com time to read: +9 min

CNN —Elon Musk has sought to accumulate political capital commensurate with his extravagant wealth. Musk has discussed advising Trump should he win the 2024 election, the Journal reported, citing unnamed sources. Musk called Trump directly via cellphone to explore a role that could potentially give Musk significant influence over US policies. Reporting that Musk and Trump’s relationship has improved comes after Musk’s politics have become more aligned with Trump’s. For Musk to have a direct, private line to a future President Trump “would seem to be a blatant conflict of interest,” said Darrell West, a senior fellow in the governance studies program at the Brookings Institution.

Persons: CNN — Elon Musk, Musk, Donald Trump, Trump, Brian Hughes, –, Andrew Harnik, ”, Darrell West, ” West, Herika Martinez, —, Donald Trump’s, Biden, Ron DeSantis, Robert Kennedy , Jr, Paul Pelosi, Hillary Clinton, White supremacists, Imran Ahmed, X, CCDH, Donie O’Sullivan Organizations: CNN, Republican, Wall Street, Trump, SpaceX, Tesla, Brookings Institution, Securities and Exchange Commission, Federal Trade Commission, Traffic Safety Administration, Justice Department, Migrants, US Border Patrol, AFP, Getty, Twitter, US, Republican Florida, Politico Locations: Paris, El Paso , Texas, Ciudad Juarez, Chihuahua State, Mexico

☆ Slaughterhouse cleaning company fined $649,000 for child workers
▼ + stars: | 2024-05-07 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +2 min

New York CNN —A janitorial company has been fined $649,000 after an investigation found it hired minors for dangerous jobs cleaning slaughterhouses, the United States Department of Labor said Monday. Fayette Janitorial Service had employed at least 24 children, including those as young as 13, according to the DOL investigation. The minors had been working overnight shifts at two separate slaughter facilities, according to the DOL. The company said in February that it had ended all of its contracts with Fayette, according to the Sioux City Journal. Instances of illegal child labor have been growing in recent years, and other contractors have been fined over employing minors.

Persons: ” Fayette, “, Perdue “, ”, – CNN’s Melissa Alonso, Ramishah Maruf Organizations: New, New York CNN, United States Department of Labor, CNN, Seaboard Triumph Foods, Perdue, Labor Department, Seaboard, Sioux City, Packers Sanitation Services Locations: New York, Fayette, DOL, Sioux City , Iowa, Accomac , Virginia

☆ Two investors in Trump Media insider trading case plead guilty
▼ + stars: | 2024-04-03 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

The two brothers were arrested in June and charged with illegally trading on nonpublic knowledge of a shell company’s secret plan to buy Trump Media & Technology Group, the parent company of struggling social network Truth Social. Shares of the shell company, Digital World Acquisition Corporation, spiked after the blank-check company publicly announced an agreement to merge with Trump Media. Trump owns 78.8 million shares in Trump Media, a stake valued at about $4.1 billion. The defendants passed the secret information about the impending Trump Media deal to friends on. There was no allegation in the indictment that Trump himself had any involvement in the alleged insider trading scheme.

Persons: Michael Shvartsman, Gerald Shvartsman, Donald Trump’s, “ Michael, ” Damian Williams, Bruce Garelick, ” Williams, ”, Trump, Michael Shvartsman’s, Gerald Shvartsman’e, CNN’s Kara Scannell Organizations: New, New York CNN, Trump Media & Technology Group, DWAC, Trump Media, Southern, of, Acquisition Corporation, “, Truth, Trump, Digital Locations: New York, Florida, of New York, Las Vegas

☆ Christchurch mosque shootings: A survivor grapples with trauma five years later
▼ + stars: | 2024-03-15 | by ( Alaa Elassar | ) edition.cnn.com time to read: +12 min

Christchurch, New Zealand – CNN —Sitting side by side in the mosque’s meeting room, Temel Ataçocuğu and Imam Gamal Fouda hunch over in laughter. But today, the two have agreed to meet at the mosque and catch up on five years’ worth of personal news. But behind his home, a modest townhouse on a quiet street in central Christchurch, he’s found purpose in the flowers, succulents, fruits and vegetables he’s planted. After the shooting, Ataçocuğu was hospitalized for over a month and feared he would never play again. Here, Ataçocuğu is known as a funny, warmhearted and competitive striker, not just a survivor of the Christchurch mosque shootings.

Persons: Temel Ataçocuğu, Gamal Fouda, ”, Fouda, Ataçocuğu, Imam Gamal Fouda, Vincent Thian, “, ” Fouda, ” Ataçocuğu, –, Don’t, he’s, Alaa Elassar, can’t, It’ll, It’s, Ataçocuğu’s, Adem, Sami, fatherless, Melis, Allah, Mucad Ibrahim –, Mark Baker, He’s, ” Sami Organizations: New Zealand, CNN, Linwood Islamic, Halswell, ” Locations: Christchurch, New, Al Noor, Christchurch , New Zealand, Linwood, Linwood Islamic Centre, Alaa

☆ The TSA’s new experiment: Self-service security checks
▼ + stars: | 2024-03-07 | by ( Melissa Alonso | Amanda Jackson | ) edition.cnn.com time to read: +3 min

But that’s not stopping the Transportation Security Administration from testing a self-service screening system at Harry Reid International Airport in Las Vegas later this month. “Several TSOs are present in the self-service screening lanes,” he told CNN in an email. “To be clear, this is not about replacing TSOs or reducing the number of TSOs,” which is currently 50,000. According to TSA, the busiest day ever for TSA screening operations at the city’s airport was on October 29, 2023, when the agency screened 103,400 passengers. “The number of airline passengers continues to increase year-over-year, creating a need for innovative screening solutions that enhance transportation security and make traveling more efficient,” said Dimitri Kusnezov, Department of Homeland Security under secretary for science and technology.

Persons: Atlanta CNN —, Harry Reid, ”, TSOs, Carter Langston, Dimitri Kusnezov, – CNN’s Chris Isidore Organizations: Atlanta CNN, Transportation, Administration, Harry, Harry Reid International, TSA, LAS, Transportation Security, CNN, Department of Homeland, Travelers, Las Vegas, Department of Homeland Security Locations: Las Vegas, Las

☆ Christian Horner: Red Bull F1 team principal continues to deny inappropriate behavior after alleged leaked messages
▼ + stars: | 2024-03-01 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +3 min

CNN —Just a day after being cleared of inappropriate behavior by an external investigation, Red Bull Formula One team principal Christian Horner has reiterated that he denies allegations of wrongdoing. This comes after alleged leaked messages were distributed to members of the F1 community Thursday, containing a Google drive of WhatsApp messages. Video Ad Feedback Red Bull team principal Horner cleared of wrongdoing 04:18 - Source: CNN“I won’t comment on anonymous speculation,” Horner said Thursday, per Reuters, following the email’s distribution. I respected the integrity of the independent investigation and fully co-operated with it every step of the way. “The independent investigation into the allegations made against Mr. Horner is complete, and Red Bull can confirm that the grievance has been dismissed,” a statement issued by Red Bull on Wednesday read.

Persons: Christian Horner, Phil Duncan –, Press Association –, “, Red, Mohammed Ben Sulayem, Stefano Domenicali, ” Duncan, Horner, ” Horner, Red Bull, ”, Duncan Organizations: CNN, Red, Formula, Press Association, CNN Sport, Google, ”, Mr, FIA, Red Bull Racing Locations: Bahrain

☆ Starbucks to begin talks with Workers United union
▼ + stars: | 2024-02-27 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

New York CNN —Starbucks said Tuesday it will begin talks with the Workers United union to discuss bargaining agreements and union organizing. Starbucks also said it is using the framework to begin to resolve litigation related to partner benefits announced in May 2022 and the use of the Starbucks brand in an intellectual property lawsuit. “As a sign of good faith, Starbucks has agreed to provide partners represented by Workers United with the May 2022 benefits, including credit card tipping,” the statement said. In November, thousands of Starbucks workers at hundreds of stores went on strike, protesting the lack of their first contract despite a nearly two-year organizing drive. Since the first location voted to unionize in December 2021, Starbucks has fought aggressively against the union drive.

Persons: – CNN’s Danielle Wienner, Bronner Organizations: New, New York CNN, Starbucks, Workers United, NLRB Locations: New York

☆ Disneyland’s Mickey, Minnie, Donald and Goofy want to join a union
▼ + stars: | 2024-02-13 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

The union said on Tuesday that about 60% of the 1,700 Disneyland employees in the characters and parades departments have signed cards seeking a union representation election. Performers doing the same work at Disney World in Orlando, Florida, are already in a union and have been for years. And until recently the Disney World performers were paid more than their Disneyland counterparts, according to the union. The Disneyland performers had been getting $20 an hour until the union organizing drive began late last year. “But magic alone doesn’t pay the rent.”The union already represents some of the Disney World performers.

Persons: Mickey, Minnie Mouse, Donald Duck, ” Kate Shindle, ” Disney, Nelson Peltz, –, Samantha Delouya Organizations: New, New York CNN, Disney, Actor’s Equity Association, Disneyland, Council for Community, Economic Research, Actor’s Equity, CNN Locations: New York, Los Angeles, Orlando , Florida, Orange County , California, Orlando .

☆ Consumers are stressed. It could be showing in how we bought toys in 2023
▼ + stars: | 2024-02-11 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +6 min

New York CNN —Consumers bought fewer toys in all of 2023, including during the key Christmas toy-buying period, showing that households continue to pare back on discretionary products. But toy sales in all of 2023 dropped 8%, both in dollar terms (how much consumers paid for toys) and in unit sales (meaning how many toys consumers bought). This shows that shoppers bought fewer toys but also traded down in prices to cheaper toys. “While 2023 was a challenging year for the U.S. toy industry, the four-year compound annual growth rate remains positive,” she said. Among the toys that consumers did buy in 2023, Pokémon, Barbie and Squishmallows were the top three best-selling brands last year, according to Circana.

Persons: pare, Circana, ”, Juli Lennett, Lennett, I’ve, “, ” Lennett, ” Jon Copestake, EY, ” Copestake, ” Robby Pettinato, Joy, ” Pettinato, Toy Joy, “ Anecdotally, “ That’s, it’s, Pettinato, Barbie, Squishmallows, Price, Melissa, Doug, – CNN’s Alicia Wallace, Katie Lobosco Organizations: New, New York CNN — Consumers, Commerce Department, Hasbro, Wild, Inc, CNN, ”, Star, Marvel, Disney Locations: New York, United States, U.S, Austin

☆ Zyn is selling their nicotine pouches like hotcakes
▼ + stars: | 2024-02-08 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Move over vapes, Americans appear to have a new addiction: Zyn, a tobacco-free nicotine pouch product, that has exploded in sales over the past year. Philip Morris announced Thursday that it shipped about 350 million cans of Zyn in 2023, a whopping 62% growth compared to the previous year. Nicotine is very addictive and can harm young people’s developing brains, according to the US Centers for Disease Control and Prevention. However, like Juul, the popularity and growth of Zyn might face difficulties, in particular from US government. “Zyn is the next battle.”Despite the growth, shares of Phillip Morris declined 2% in early trading because of lower demand for cigarettes.

Persons: Philip Morris, Chuck Schumer, Zyn, “, ” Schumer, “ Zyn, ”, Phillip Morris, Jacek Olczak, ” Olczak, CNN’s Carma Hassan Organizations: New, New York CNN, Marlboro, US Centers for Disease Control, FDA, Federal Trade Commission, Food and Drug Administration, Tobacco, Swedish Locations: New York, vapes, Marlboro

☆ Wings, shrimp and booze: Super Bowl party hosts budget carefully this year
▼ + stars: | 2024-02-01 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +6 min

“The only time I use my grill that’s outside on my deck is for my Super Bowl party,” said Steward, in an interview with CNN. Tricks to manage the costThis year is the 26th year that San Francisco resident Amy Larson and her husband are throwing their Super Bowl party. “Super Bowl every year is my excuse to make him tailgating food, in particular hot wings,” she said. Over the years, Larson has perfected a few tricks to manage her Super Bowl food budget. “I also usually buy spirits and other drinks but I’m not sure about that either because of the higher prices,” Steward said.

Persons: Tod Steward, He’s, It’s, ”, Steward, Steward hasn’t, “, haven’t, that’s, ” Tod Stewart, Tod Steward There’s, Debbie Downer, ” Michael Swanson, Swanson, ” Swanson, Amy Larson, Larson, Amy Larson's, Amy Larson “, ” Larson, he’s, ” Steward, –, Alicia Wallace Organizations: New, New York CNN, Super Bowl, CNN, Wells Fargo, San, Bowl, Super Locations: New York, Seattle, Wells, San Francisco, Bay

☆ Judge strikes down Elon Musk’s massive, multi-billion-dollar pay package
▼ + stars: | 2024-01-30 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

New York CNN —A Delaware state court judge has thrown out the 2018 pay package that helped to make Tesla CEO Elon Musk one of the richest people in the world. He said Tesla investors will benefit from the decision by having the “dilution from this gargantuan pay package erased.”Attorneys for Musk and the Tesla board argued the pay package was approved by a shareholder vote. Excluding the votes owned by Musk and his brother, 73% of the shares voting in that election supported the pay package. The company’s market cap was valued at $54 billion at the time the pay package was approved. Robyn Denholm, the chair of Tesla’s board, testified that the pay package was all about keeping Musk focused on Tesla.

Persons: Elon Musk, Chancellor Kathaleen McCormick, Musk, Tesla, “, ”, Greg Varallo, McCormick, ” Musk, Robyn Denholm, ” Denholm, – CNN’s Matt McFarland Organizations: New, New York CNN, Musk, Delaware Supreme, SpaceX, Twitter, Boring, Tesla Locations: New York, Delaware, . Delaware, Tesla

☆ The Burt’s Bees ranch-flavored lip balm is already sold out
▼ + stars: | 2024-01-18 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

On Wednesday, Burt’s Bees and Hidden Valley Ranch announced an unusual collaboration — a set of lip balms that taste like a basket of chicken wings. The lip balm may remind customers of some classic American dishes — so just apply it to your lips if you dare, but don’t eat it. By Thursday, the collaboration of nightmares (or dreams) was already sold out on the Burt’s Bees website. Burt’s Bees collaboration with Hidden Valley Ranch sprung from an April Fools’ Day social media post. Burt’s Bees posted a Hidden Valley Ranch-flavored lip balm on its Instagram on April 1, 2022 — with the assurance on the fake packaging that it retained a 100% natural origin.

Persons: Kraft Heinz, Burt’s Bees, Danielle Wiener, Bronner Organizations: New, New York CNN, Burt’s, Valley, Bees, KFC Locations: New York

Search resuls for: "– CNN"

25 mentions found