CNN – Business/Consumer

By Moira Ritter, CNN Business As you prepare for your July 4th weekend festivities, add fireworks to the list of items that are going to be more expensive this year — if you are lucky enough to find them. For the second year in a row, fireworks shortages are leaving shelves empty and hiking prices

By Hanna Ziady, CNN Business The children of immigrants from minority ethnic groups in the United Kingdom are better educated than their White British peers but less likely to be employed, according to new research published Tuesday. Despite coming from poorer economic backgrounds on average, the children of Indian, Pakistani, Bangladeshi and Black Caribbean immigrants

By Matt Egan, CNN Business Inflation has arrived on Wall Street, and it’s bringing smiles to the faces of junior bankers — in the form of much fatter paychecks. JPMorgan Chase is raising the salary of first-year analysts to $100,000, up from $85,000, a person familiar with the matter told CNN Business. The pay hike,

By Julia Horowitz, CNN Business The news for Facebook couldn’t have been better. What’s happening: On Monday, a US judge dismissed two complaints that accused the company of holding a monopoly on social media — a major setback for regulators that are increasingly looking for ways to break up Silicon Valley’s top players. Facebook’s shares

By Matt Egan, CNN Business Some companies can’t wait to get to get their employees back to the office full-time. Synchrony Financial is not one of them. Synchrony, America’s largest store credit card company, is not allowing employees to return to the office five days a week even as the pandemic winds down. Almost everyone,

By Chris Isidore, CNN Business United Airlines on Tuesday announced orders to buy 270 jets, the largest aircraft purchase in the company’s history and the biggest order by any airline in about a decade. The list price for the 270 jets totals about $35 billion. Airlines typically pay only a fraction of list prices —

By Julia Horowitz, CNN Business There’s a problem at James Hook’s chicken farms, and it has nothing to do with poultry. P.D. Hook, a hatchery that supplies one third of the chickens sold in the United Kingdom, should be humming along as the economy roars back to life. But the company is short about 40

By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Facebook is rolling out its new newsletter product, called Bulletin, on Tuesday, according to sources involved with the initiative. Bulletin is Facebook’s version of Substack: A way to create and

By Alexis Benveniste, CNN Business Morgan Stanley is doubling its quarterly dividend from 35 cents a share to 70 cents a share, and buying back up to $12 billion of stock, the company announced Monday. The powerful Wall Street bank “has accumulated significant excess capital over the past several years” Morgan Stanley chairman and CEO

By Alexis Benveniste, CNN Business Bitcoin rose Monday after Ricardo Salinas Pliego, the owner of Mexico’s Banco Azteca, said he was pushing his country to accept the cryptocurrency and encouraged his Twitter followers to buy it. “Me and my bank are working to be the first bank in Mexico to accept #Bitcoin,” he tweeted Sunday.

By Matt Egan, CNN Business America’s biggest banks insist they can and will do more to combat the nation’s racial inequality crisis. The trade group behind JPMorgan Chase, Wells Fargo, Bank of America and dozens of other big banks is detailing 30 best practices lenders can take to ease inequality in Black communities. The report

By Chris Isidore, CNN Business When tens of millions of Americans hit the road this holiday weekend, they’re going to find the highest prices for gasoline in nearly seven years. But many will also find stations that don’t have any gas at all. The national average price for a gallon of regular stands at $3.10,

By Paul R. La Monica, CNN Business America’s Covid-induced recession has been a painful one — but it could ultimately be short. The official arbiter, the National Bureau of Economic Research, hasn’t said this downturn is over. Yet it sure feels like the economy is back in recovery mode with upbeat signs in jobs, housing

By Matt Egan, CNN Business The era of virtual work isn’t ending at UBS. The Swiss bank will allow up to two-thirds of its employees around the world to permanently adopt a hybrid schedule that includes a mix of working from home and from the office, a person familiar with the matter told CNN Business.

By Julia Horowitz, CNN Business After dramatically collapsing this spring, the crypto market is attempting a comeback. What’s happening: Bitcoin and Ethereum prices jumped on Monday as investors showed they’re willing to increase exposure even after recent drawdowns. Bitcoin, which hit an all-time high of nearly $65,000 in April, plummeted as low as $28,800 last