Business

COSTCO To Raise Worker Minimum Wage To $16 Per Hour

(CNN) - Some COSTCO workers will soon be making more money. The wholesale chain is raising its starting rate for hourly workers at its U.S. locations to $16.00 an hour. The pay hike should take effect next week. COSTCO's…

Victoria's Secret Closing Dozens More Stores

(CNN) - Victoria's Secret is closing more stores. Parent company L Brands announced it plans to close up to 50 locations this year in the U.S. and Canada. That's not nearly as severe as the 241 stores the lingerie…

Cruise Lines Announce Cancelations Through May

(CNN) - The COVID-19 pandemic hasn't eased its grip on the cruise industry. Two major cruise lines: Carnival and Disney announced all trips through May are canceled. Disney has also paused its international sailing through at least August. No…

FDA: Johnson & Johnson Vaccine Meets Emergency Use Requirements

(CNN) - The U.S. Food and Drug Administration says Johnson & Johnson's COVID-19 vaccine has met its requirements for emergency use authorization. This is different from approving the vaccine for use in the public, which has not happened yet.…

LVMH Aquires Half Of Jay-Z Champagne Brand

(CNN) - Shawn Carter is popping open the bubbly to celebrate his latest business move. The rapper, better known as Jay-Z, has announced a partnership with Louis Vuitton Moet Hennessy. LVMH has acquired half of Jay-Z's popular champagne brand…

Microsoft Text Prediction Coming Soon

(CNN) - Microsoft's latest feature aims to tidy up your typing. The software giant says its text predictions will help users write in a more efficient fashion by predicting the following words in a sentence. Officials say this will…

Instacart Is Moving Beyond Grocery Delivery

(CNN) - Instacart is expanding its business. The delivery service has announced a partnership with Walgreens for same-day delivery of over-the-counter medications, beauty items, and other drug store purchases. Instacart says it will be offered at nearly 8,000 Walgreens…

Macy's Reports First Profit Since Pandemic

(CNN) - We're seeing signs of hope for Macy's. On Tuesday the department store reported a profit for the first time since the pandemic hit. The company said it made $160 millionĀ  during the 13 weeks ending January 30th…

JPMorgan, Google Launch Program To Help Minorities

(CNN) - Google and JPMorgan Chase are teaming up to help minority-owned banks increase their lending capabilities. The new initiative "Empowering Change" will give banks owned and led by people of color access to resources, like corporate clients that…

Peloton Releasing A "Cheaper" Treadmill

(CNN) - Peloton has a new treadmill that's a little less pricey. It will be released in May. "The Tread" will cost nearly $2,500, almost half the price of Peloton's "The Tread Plus." The new machine is a little…