Category Archives: CNN – Business

Toyota’s Tundra is going hybrid

Toyota’s Tundra is going hybrid

Look out, Ford F-150: Another hybrid pickup truck is hitting the market. Toyota announced Sunday that its latest version of the Tundra pickup includes the option for a hybrid twin-turbo V6. The system, according to Toyota, will give the vehicle more power and torque. One thing the new Tundra full-size truck will not have is…MORE

Elon Musk pledges $50 million to Inspiration4 cancer fundraiser
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Elon Musk pledges $50 million to Inspiration4 cancer fundraiser

SpaceX founder Elon Musk pledged to donate $50 million to St. Jude Children’s Research Hospital, helping exceed the $200 million fundraising goal set for last week’s Inspiration4 space mission. Musk tweeted, “Count me in for $50M” in response to a public call for donations from Inspiration4 on Saturday. The capsule splashed down off the coast…MORE

These four words are helping spread vaccine misinformation
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These four words are helping spread vaccine misinformation

Four little words — “do your own research” — are hurting the US pandemic response, CNN’s chief media correspondent Brian Stelter said on “Reliable Sources” Sunday. And it is having real consequences as personalities from Nicki Minaj to Sean Hannity continue to promote the idea. Minaj helped raise doubts about Covid-19 vaccines on Twitter last…MORE

Samuel Adams’ new beer is so strong it’s illegal in 15 states
Samuel Adams

Samuel Adams’ new beer is so strong it’s illegal in 15 states

Samuel Adams is launching a new, limited edition beer, and it packs such a potent punch it’s illegal in 15 states. The brewer releases a new version of its Utopias brand every two years, and the twelfth edition will be on shelves starting Oct. 11. But don’t bother looking for it in Alabama, Arkansas, Georgia,…MORE

Stagflation rocked the economy before. Is it coming back?
NDZ/STAR MAX/IPx/AP

Stagflation rocked the economy before. Is it coming back?

Mention the word “stagflation” to someone who followed the economy in the 1970s, and you can expect a strong reaction. The phenomenon — which describes a period of high inflation and stagnant economic growth — was a nightmare for policymakers, leaving them with few options to rein in runaway prices without damaging the economy. Federal…MORE

Sears is closing its last department store in Illinois, the retailer’s home state

Sears is closing its last department store in Illinois, the retailer’s home state

Sears will shut the doors on its last department store in Illinois come fall; the state in which its first retail store opened in 1925. The Sears department store in the Woodfield Mall in Schaumburg, a Chicago suburb, will close on November 14. Transformco, which acquired Sears Holdings after the company filed for bankruptcy in…MORE

Puma launches an Animal Crossing clothing collection
Nintendo/Puma

Puma launches an Animal Crossing clothing collection

German sports retailer Puma is collaborating with Nintendo’s Animal Crossing: New Horizons, bringing a few elements of the popular world-building game to real life. The new collection, which launched Saturday, has dozens of products for adults and children, featuring sneakers and clothing in pastel shades festooned with animal characters and symbols from the game. Sneakers…MORE

Fearing battery fires after recalls, people are selling their Chevy Bolt EVs back to GM
Emily Elconin/Bloomberg/Getty Images

Fearing battery fires after recalls, people are selling their Chevy Bolt EVs back to GM

After Bart Schoenfeld’s Chevrolet Bolt EV was recalled for the second time, he’d had enough. GM had warned that some of the cars could have a manufacturing defect that might cause them to catch fire. For safety’s sake, the automaker recommended Bolt owners restrict their use of the car to avoid straining the batteries, and…MORE

FDIC teams with Discovery, Microsoft for $120 million minority-owned bank fund
Richard B. Levine/Levine Roberts/Newscom/Zuma

FDIC teams with Discovery, Microsoft for $120 million minority-owned bank fund

The Federal Deposit Insurance Corporation on Thursday unveiled a new fund to increase investments made with the nation’s minority-owned and mission-driven banks, helping them expand economic opportunities in the communities they serve. The FDIC said the Mission-Driven Bank Fund has raised at least $120 million since 2019 from a number of investors, including founding investor…MORE

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