San Francisco (CNN Business)While skincare products, such as face masks and body scrubs, play a big role in self-care routines, they’ve traditionally been more workhorses than show ponies for the beauty industry. Recently, that’s started to change as skincare products have surged in popularity, thanks to interest in natural and […]

Pfizer and BioNTech's Covid vaccine is safe and appears to generate a robust immune response in a clinical trial of kids 5 to 11, the drugmakers announced. The companies tested a two-dose regimen of 10 micrograms — about a third the dosage used for teens and adults — administered three […]

Asian stocks ended mixed on Tuesday as investors awaited U.S. inflation data for more clues on the health of the world’s largest economy and when the Federal Reserve could start rolling back easy credit and other stimulus. China’s Shanghai Composite Index tumbled 52.77 points, or 1.4 percent, to 3,662.60 as […]

Jeff Bezos on Monday promised to give away $1 billion in grants this year to support efforts around conservation. The pledge is part of the Bezos Earth Fund, the Amazon founder's $10 billion commitment to support scientists, activists and organizations working to address climate change. In the coming years, the […]

In order to gauge the financial impact of COVID-19 on the aviation industry, comparing it to what happened after the 9/11 terrorist attack is a helpful yardstick.Arindam Majumder reports. An audacious terrorist attack and a global pandemic. Nothing has impacted the aviation industry worldwide the way these two events, occurring […]

New York (CNN Business)This week the Wall Street Journal released a series of scathing articles about Facebook, citing leaked internal documents that detail in remarkably frank terms how the company is not only well aware of its platforms’ negative effects on users but also how it has repeatedly failed to […]

Retail darlings Warby Parker and Allbirds launched their businesses on the internet and paved the way for so-called direct-to-consumer brands to follow their playbooks. Both businesses are unprofitable, and they're betting on opening more brick-and-mortar locations to bring future growth. The success of these companies' public debuts will carry implications […]

Congress must suspend or raise the debt ceiling or the country runs the risk of default. If lawmakers can’t reach a deal, it will increase borrowing costs, delay Social Security checks and veteran benefits and disrupt financial markets across the board. The clock is ticking on the federal debt ceiling. […]

Peloton is aiming for more business outside the home, merging its selection of connected fitness equipment with Precor products online for hospitality customers. The move comes after Peloton completed its acquisition of Precor in April. Precor manufactures the treadmills and ellipticals often found in commercial settings such as heath clubs, […]