Category Archives: CNN – Business

Peloton Tread+ owners told to stop using the treadmill in ‘urgent warning’

Peloton Tread+ owners told to stop using the treadmill in ‘urgent warning’

A US government agency issued an “urgent warning” for users of Peloton’s Tread+ following multiple dangerous incidents with the machine, including a child’s death. In a news release Saturday, the Consumer Product Safety Commission said it has become aware of 39 accidents involving the treadmill, including “multiple reports of children becoming entrapped, pinned, and pulled…MORE

What is Dogecoin? How a joke became hotter than bitcoin

What is Dogecoin? How a joke became hotter than bitcoin

Dogecoin is the hottest, quirkiest cryptocurrency on the planet. The total value of the dogecoins in circulation is nearly $50 billion — not bad for a digital currency that started as a joke. It is the No. 5 most-valuable cryptocurrency on the market, according to CoinMarketCap, having increased more than 6,000% this year. The price…MORE

Hershey has a strange idea about where you should put your Reese’s

Hershey has a strange idea about where you should put your Reese’s

Pieces of Reese’s for your face. Beer going to the dogs. A sharper White Claw. Pizza that delivers itself. That’s just a sampling of some of the weird food news that you might have missed this week. Companies are rolling into spring with unusual offerings, hoping to attract attention to their tried and true products…MORE

Dogecoin briefly broke Robinhood’s crypto trading systems

Dogecoin briefly broke Robinhood’s crypto trading systems

Robinhood is again having to explain why users faced issues trading a popular asset on its platform this week. This time, the asset in question is Dogecoin: a cryptocurrency (which was created as a joke in 2013) popular among Redditors and with Tesla CEO Elon Musk that surged to all-time highs this week. Late Thursday,…MORE

Fyre Festival settlement may award ticketholders more than $7,000 each

Fyre Festival settlement may award ticketholders more than $7,000 each

Nearly four years after the infamous Fyre Festival flamed out, scammed ticketholders might finally see some restitution for the biggest party that never was. A proposed settlement in federal bankruptcy court would give more than $7,000 apiece back to a few hundred people who, in the spring of 2017, arrived on a private island in…MORE

J&J reportedly sought help from rivals after blood clot concerns emerged

J&J reportedly sought help from rivals after blood clot concerns emerged

Johnson & Johnson sought help from its three rival Covid-19 vaccine makers to look into reports of blood clots, but Pfizer and Moderna both declined, the Wall Street Journal reported on Friday, citing people familiar with the situation. Only AstraZeneca agreed, according to the WSJ. J&J also wanted to build an informal alliance with its…MORE

Inflation is coming, the question is when

Inflation is coming, the question is when

The stock market is soaring and bond yields have pulled back after a big spike earlier this year. But make no mistake: Investors still have plenty to fret about when it comes to the threat of inflation. The US economy is rebounding thanks to stimulus and Covid-19 vaccines. Retail sales went through the roof in…MORE

This $800 million whistleblower program is losing its top cop

This $800 million whistleblower program is losing its top cop

The head of the Securities and Exchange Commission’s highly-successful whistleblower program is stepping down at a delicate moment for the market watchdog. Jane Norberg is leaving the SEC on Friday, after presiding over a four-and-half-year period during which the whistleblower office handed out a staggering $702 million in awards to 114 individuals who aided the…MORE

GM and LG announce another $2.3 billion EV battery plant

GM and LG announce another $2.3 billion EV battery plant

General Motors and LG plan to build a new $2.3 billion plant to build batteries for electric vehicles, a key step toward the US automaker’s goal of an all-electric future. The new plant, GM’s second EV battery operation with LG, will be adjacent to the automaker’s Spring Hill assembly plant in Tennessee, where it announced…MORE

Are you leaving your restaurant job for good? Share your story

Are you leaving your restaurant job for good? Share your story

The restaurant sector suffered millions of job losses during the pandemic. Many restaurant workers and bartenders were let go when restaurants closed their doors. Now, those jobs are starting to come back. But restaurant operators say they’re struggling to staff up. We want to know: Are you a restaurant worker or bartender who has decided…MORE

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