Hong Kong (CNN Business)Maria was just about to start a new job as a domestic worker in Hong Kong last month when she found out she had Covid-19. She immediately told her employer, who urged her to get to a hospital. But once she was there, she said she was […]

The number of unemployed workers in the United States dropped to 6.3 million last month, from 6.5 million in January. The nationwide unemployment rate dropped slightly to 3.8%, according to the Bureau of Labor Statistics. The positive change in February (243,000 fewer unemployed people) was largely due to jobs added […]

UPDATE:  One of the Sunset Strip’s landmark hotel locations has been sold and plans to reopen under a new name. The Standard Hollywood property — once one of the most iconic hotels on the Sunset Strip — has been purchased by developers Ian Schrager (the Studio 54 cofounder and hotelier) […]

Disney CEO Bob Chapek is in full damage control mode today as the blast radius from the company’s bungled response to Florida’s “discriminatory ‘Don’t Say Gay’ legislation threatens his newly minted reign at the House of Mouse. “You needed me to be a stronger ally in the fight for equal […]

New York (CNN Business)American consumers are getting pummeled from all sides: Supply chain constraints and high demand mean delays for products and rising costs. Now gas prices are soaring on the back of the Russia-Ukraine conflict, creating an even more bitter cocktail. An early look at how Americans are feeling […]

After ending the previous session mostly lower, stocks saw further downside during trading on Friday. The major averages all moved to the downside on the day, with the tech-heavy Nasdaq showing a particularly steep drop. The major averages climbed off their worst levels of the day but still closed firmly […]

The rot is is not limited to Chitra Ramkrishna and the yogi, observed Debashis Basu. For the past few weeks, the media has been agog about a Himalayan yogi whose blessings alone were running the world’s largest derivatives exchange, the National Stock Exchange, according to Chitra Ramkrishna, its former managing […]

Mayor Eric Garcetti’s path to becoming the next U.S. ambassador to India hit a potential snag today when a senior senator said he wants Garcetti’s confirmation vote delayed pending an investigation into whether the mayor knew about and ignored sexual harassment and assault allegations made against his former senior advisor. […]

New York (CNN Business)Burger King is the latest fast food chain to pull corporate support from its businesses in Russia. Restaurant Brands International, which owns the burger chain, said Thursday it “has suspended all of its corporate support for the Russian market, including operations, marketing and supply chain.” The company […]

Real gross domestic product grew at a tepid 1.69% pace in the U.S. from 2017 to 2020, thanks to a contraction of 3.4% in 2020 — the worst in the U.S. since the end of World War II. COVID-19-related lockdowns and public health measures sent the country spiraling into a […]