Inflation moderated in July but prices are still rising in America
CNN’s Tara Subramaniam explains why some Republicans are being misleading when they claim that Democrats are responsible for inflation.
Continue ReadingCNN’s Tara Subramaniam explains why some Republicans are being misleading when they claim that Democrats are responsible for inflation.
Continue ReadingBy Kathryn Vasel, CNN Business If you are looking for a job with a pandemic-related gap on your resume, you’re certainly not alone. Early in the pandemic, more than 22 million jobs were lost, according to the US Bureau of Labor Statistics. While breaks in employment can traditionally be red flags to hiring managers, you
Continue ReadingBy Jordan Valinsky, CNN Business Furniture retailer Ethan Allen Interiors is changing its ticker symbol to prevent confusion with the cryptocurrency ethereum. Beginning August 16, the company will trade on the New York Stock Exchange under the symbol “ETD” and will no longer use “ETH.” Ethan Allen said using the letter “D” stands for design,
Continue ReadingCNN, CNNBUSINESS By Anneken Tappe, CNN Business It’s a hallmark sign of this strange pandemic labor market: America had a record 10.1 million jobs available in June, as businesses struggled to hire enough staff to support the full reopening of the economy. That mismatch between worker demand and supply has been a defining characteristic of
Continue ReadingIn the heart of Melbourne, Australia, lies a 87-square-meter, zero-waste home inspired by nature. It could provide a blueprint for sustainable housing of the future.
Continue ReadingOpinion by Dana Peterson for CNN Business Perspectives Home prices have surged during the pandemic, leaving many to believe we’re either in a housing bubble or heading toward one. The good news, however, is that the United States is not about to repeat the 2005-07 housing boom and bust, which led to the Great Recession.
Continue ReadingBy Danielle Wiener-Bronner, CNN Business If you’ve had a sip of Coke Zero Sugar recently and thought that it tastes a little different, you’re not crazy. The company is rolling out across the United States a new version of the beverage designed to taste more like regular Coke. Maybe you like the new flavor. Maybe
Continue ReadingCNN, CNN BUSINESS By Danielle Wiener-Bronner, CNN Business If you’ve had a sip of Coke Zero Sugar recently and thought that it tastes a little different, you’re not crazy. The company is rolling out across the United States a new version of the beverage designed to taste more like regular Coke. Maybe you like the
Continue ReadingBy Gregory Wallace and Chris Isidore, CNN Business United Airlines will join the growing list of companies that are requiring employees get vaccinated against Covid-19, the first major US airline to implement such a mandate. A United executive said it was not considering a similar rule for passengers, and that any such requirement would be
Continue ReadingBy Charles Riley and Hanna Ziady, CNN Business It’s been roughly 18 months since the coronavirus pandemic started wreaking havoc on the US economy. The labor market is a long way from making a complete recovery. One big problem: Millions of open jobs are going unfilled, despite high levels of unemployment. Companies had 9.2 million
Continue ReadingFrontier Airlines employees duct-tape an unruly passenger to a chair after he broke out into violence during a flight.
Continue ReadingBy Anneken Tappe, CNN Business The US economy added 943,000 jobs in July and the unemployment rate fell to 5.4% — a new low of the pandemic era — the Bureau of Labor Statistics reported Friday. It was the biggest job gain since August last year, when more than 1 million positions were added back,
Continue ReadingBy Michelle Toh, CNN Business An e-commerce company has just pulled off Indonesia’s biggest initial public offering ever. It’s the latest sign that Southeast Asia’s startup community is taking off. Jakarta-based Bukalapak began trading on the Indonesian Stock Exchange on Friday after raising about $1.5 billion. That’s the largest on record for that exchange, according
Continue ReadingBy Laura He, CNN Business Chinese internet and media regulators are pledging to come down hard on “unhealthy” online fan groups as supporters of pop star Kris Wu took to social media to vehemently defend him against allegations of rape. The Central Commission for Discipline Inspection — the ruling Chinese Communist Party’s disciplinary watchdog —
Continue ReadingReporters Leada Gore in Alabama, Keisha Rowe in Mississippi, and Emily Woodruff in Louisiana talk about covering the pandemic in some of America’s least-vaccinated areas. “I could have a story that shows you we added a thousand cases and I will receive 20 e-mails saying that the numbers are made up,” Gore says. Rowe says the resistance “makes me a little bit hungrier to get the information out there even more.”
Continue ReadingBy Brian Stelter, CNN Business A newspaper’s front page is designed to get your attention — sometimes more so than usual. USA Today’s weekend edition, publishing Friday, is unusual. Its banner front page headline says, “We are failing one another.” The newspaper describes “America’s fourth Covid-19 surge,” noting this “didn’t have to happen,” since vaccinations
Continue ReadingBy Peter Valdes-Dapena, CNN Business President Joe Biden announced an agreement Thursday that aims to push the US auto industry to sell more electric vehicles. The goals include a “shared aspiration” that 40% to 50% of vehicles sold in the US will be electric, plug-in hybrids or hydrogen-powered. This will be a challenge, some experts
Continue ReadingBy Danielle Wiener-Bronner, CNN Business The pandemic was difficult for casual dining brands like Applebee’s, which saw sales plummet when it closed its dining rooms last year. But now, Applebee’s is doing better than it has in years. One reason? Attention from the song “Fancy Like” by Walker Hayes. “This song lyrically is all about
Continue ReadingBy Nathaniel Meyersohn, CNN Business More employers are mandating Covid-19 vaccines for their workers as the Delta variant surges across the United States. But one step in the process could slow down the rollout of such requirements: negotiations with labor unions representing employees. Talks between employers and labor leaders are taking place in a variety
Continue ReadingBy Matt Egan, CNN Business The planned grand reopening of offices across America is in serious doubt because of the Delta variant. In the past 24 hours, a slew of major companies have told employees they will no longer be expected back at their desks in September. Notably, that list includes BlackRock, Wells Fargo and
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