CNN-Business-Consumer

By Anneken Tappe, CNN Business America’s job market recovery hit a roadblock in the late summer and early fall. In recent months, the tally of jobs added to the economy has been disappointingly low. But economists have high hopes that the streak of bad news will end with the October jobs report, which is due

By Vanessa Yurkevich, CNN Ford will mandate vaccines for most of its 32,000 US salaried employees, a spokesperson for the company said Wednesday. Those workers have until December 8 to be fully vaccinated. Employees who refuse to do so and do not have an approved religious or medical exemption could be put on unpaid leave

By Matt McFarland, CNN Business Drivers with Tesla’s “full self-driving” software often don’t know what their cars will do next. Tesla owners have been wowed by their cars’ new abilities, but some say they have also been alarmed and frustrated by the accompanying flaws. One second drivers find themselves praising the cars’ skills; the next

By Anneken Tappe, CNN Business The Federal Reserve has been pushing the economic stimulus pedal to the metal nonstop since March 2020. For the first time since the pandemic erupted on the global stage, it’s easing off the gas. Buying billions of dollars worth of government bonds and other assets each month, the Fed has

Opinion by Adam Connors for CNN Business Perspectives When I first developed a rash and some unusual bruising on my side, I didn’t worry about it too much. I’d been play-fighting pretty vigorously with my children the day before, after all. But my partner insisted I get it checked out, so I dutifully went to

By Brian Stelter, CNN Business Smartmatic, the voting technology company that is suing Fox News, some of its hosts and pro-Trump lawyers Rudy Giuliani and Sidney Powell for defamation, is now adding Newsmax and One America News Network to the list of defendants. Smartmatic’s lawyers filed defamation suits against the two hard-right TV networks on

By Matt Egan, CNN Business Everyday Americans are getting hammered by high prices at the pump, and Bank of America thinks the pain may just be getting started. Gas prices have surged to a seven-year high of $3.40 a gallon nationally and are flirting with $4 in Nevada, Washington State and Oregon. Bank of America

By Paul R. La Monica, CNN Business Private companies are making their Wall Street debuts at a record clip this year. There already have been more initial public offerings through the first three quarters of 2021 than there were in all of 1996 — the best year ever for IPOs, according to FactSet. In the

By Jeanne Sahadi, CNN Business Employees calling for better wages and working conditions have always been a given in the workplace. But workers are increasingly calling on their companies to take action on other issues that they care about as well. They may want their employers to speak out against a state law — such

By Anneken Tappe and Ken Olshansky, CNN High inflation is a thorn in America’s side. Prices of groceries and gas are rising and Americans are growing pessimistic about the economy because of it. But it’s still nowhere as bad as the inflation spike of the 1970s, and prices aren’t going to surge like they did

By Helen Regan, CNN Business American journalist Danny Fenster, who has been detained in Myanmar for five months, was denied bail and hit with a new charge Wednesday following a hearing inside Yangon’s Insein Prison. Fenster, 37, has now spent 163 days detained in Myanmar, where his family has had little contact with him. The

By Jordan Valinsky, CNN Business West Hollywood’s city council is set to vote on hiking the local minimum wage to $17.64 an hour, which would be the highest in the United States. The ordinance, which is scheduled for a vote Wednesday, would take effect in January 2022 for hotel workers and in July 2022 for

By Julia Horowitz, CNN Business Journalist James Glassman and economist Kevin Hassett wrote in late 1999 that the Dow Jones Industrial Average could hit 36,000 as soon as 2005. That prediction in their book, “Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market” did not come true. The dot-com

By Charles Riley, CNN Business Banks, insurers, pension funds, money managers and other finance firms with $130 trillion in assets have signed up to tackle the climate crisis, swelling the ranks of a coalition led by former Bank of England governor Mark Carney. More than 450 companies across 45 countries have now committed to achieving

By Matt Egan, CNN Business Billionaire Charlie Munger is a big fan of how communist China manages its economy. The Berkshire Hathaway vice chairman told CNN he’s impressed that Beijing recognizes the troubles caused by allowing economic booms to get out of control. China “steps on a boom in the middle of it instead of

By Paul R. La Monica, CNN Business Stocks continue to hit new all-time highs even as the Federal Reserve prepares to pull back on some of the extraordinary stimulus measures it put in place when the Covid-19 pandemic ground the US economy to a halt in March 2020. Fed chair Jerome Powell is widely expected

By Hanna Ziady, CNN Business Should Nigeria’s natural riches remain in the ground? Africa’s biggest economy has 206 million people, endemic poverty and vast energy reserves that could be harnessed to fuel development. But it’s coming under huge pressure from developed countries to abandon fossil fuels and shift to renewable energy in order to help

By Chris Isidore, CNN Business More than 10,000 members of the United Auto Workers union will stay on strike against farm and construction equipment maker John Deere after rank-and-file members voted down a second tentative labor deal with the company late Tuesday. The vote was much closer this time, with 45% voting in favor of

By Paul R. La Monica, CNN Business The Dow Jones Industrial Average closed above the 36,000 mark for the first time Tuesday following a gain of about 140 points, or 0.4%. On Monday it had briefly risen above 36,000 but didn’t end the day there. Investors had to wait only a little more than three

By Kerry Flynn, CNN Business Facebook launched a television ad series recently that does not showcase any product for sale or new feature on its platforms. Instead, Facebook wants TV viewers to meet an employee named Jack. Jack tells viewers he’s from New Orleans as he holds up what appears to be framed family photos.

By Brian Stelter, CNN Business The Justice Department is suing to block Penguin Random House’s proposed acquisition of Simon & Schuster, arguing that the combination of the two book business giants “would likely harm competition in the publishing industry.” Tuesday’s complaint in United States District Court is one of the first major antitrust actions by

By Danielle Wiener-Bronner, CNN Business It’s harder than you might think to deliver french fries that aren’t too crispy or soggy. Just ask the burger chain White Castle. Timing is key: Fries need to be in oil for the right amount of time. But employees in fast food restaurants are often subject to a flurry

By Frank Pallotta, CNN Business Quentin Tarantino is getting into NFTs. The two-time Academy Award-winning director and screenwriter announced Tuesday that he will sell NFTs of seven original scenes from “Pulp Fiction,” arguably his most famous film. Tarantino will auction the never-before-seen clips as “Secret NFTs,” which will be built on Secret Network — a