CNN – Business/Consumer

CNN By Michelle Toh, CNN Business Dipali Roy couldn’t afford to eat. She and her husband, Pradip Roy, were garment workers in Bangladesh when the Covid-19 pandemic hit last spring, leading to mass layoffs at their factory. Like millions of people around the world, both lost their jobs in the capital city of Dhaka, where

By Michelle Toh, CNN Business Dipali Roy couldn’t afford to eat. She and her husband, Pradip Roy, were garment workers in Bangladesh when the Covid-19 pandemic hit last spring, leading to mass layoffs at their factory. Like millions of people around the world, both lost their jobs in the capital city of Dhaka, where they

By Chris Isidore, CNN Business Finding the next Tesla among electric vehicle stocks is proving to be difficult. A number of upstart electric vehicle makers’ stock prices soared in recent years, as investors looked for the next company to shake up the car market. But all have struggled recently — as has Tesla itself. Lucid,

By Paul R. La Monica, CNN Business The Covid-19 pandemic is far from over. But life in many ways has returned to something resembling normal for many. That’s in large part because there are now multiple coronavirus vaccines, including one from Pfizer. And that’s one of the main reasons CNN Business has named Pfizer CEO

By Reuters A New York state judge on Friday ordered the New York Times to return internal documents to the conservative activist group Project Veritas, a restriction the newspaper said violates decades of First Amendment protections. In an unusual written ruling, Justice Charles Wood of the Westchester County Supreme Court directed the New York Times

CNN, KARE, WJLA, KUSA By Pete Muntean, CNN Business Major US airlines canceled hundreds more flights Sunday, the third day in a row of mass cancellations and delays over Christmas weekend, as staff and crew call out sick amid the Omicron surge. More than 1,200 US flights were canceled and more than 5,000 were delayed

CNN By Matt Egan, CNN Business Thousands of flights canceled. Back-to-the-office plans shelved. College football bowl games and Broadway shows called off. Shuttered Apple stores in New York City. Covid is once again causing mayhem in the economy. The disruption is different this time, though. Vaccines and boosters are widely available, symptoms from Omicron appear

By Anneken Tappe and Allison Morrow, CNN Business Twenty-one months into the pandemic, America is no longer struggling with an astronomically high unemployment rate. Instead, it’s big problem remains a shortage of workers. That makes it hard for businesses to keep up with rampant demand. Economists worry how long it will take for people on

By Pete Muntean, CNN Business Major US airlines canceled hundreds more flights Sunday, the third day in a row of mass cancellations and delays over Christmas weekend, as staff and crew call out sick amid the Omicron surge. More than 1,200 US flights were canceled and more than 5,000 were delayed Sunday, according to FlightAware.

Opinion by Davis Smith for CNN Business Perspectives When I was 4 years old, my family left the United States and moved to Latin America, where I spent my childhood and much of my adult life. My father always had a new outdoor adventure planned, whether fishing for piranha on a self-made raft in the

By Charles Riley, CNN Business Electric cars are taking over the streets, big companies are trying to be nicer to the environment and people are taking action to stop climate change. But here’s a reality check: The world could consume more oil in 2022 than ever before. Global energy demand rebounded strongly this year as

By Teele Rebane, CNN Business Intel has apologized in China following a backlash over a directive to suppliers not to source products or labor from the Xinjiang region. The US chipmaker told suppliers in a letter dated December 2021 that it “is required to ensure our supply chain does not use any labor or source

By Diksha Madhok, CNN Business India’s stock market celebrated an extraordinary year as some of the country’s buzziest tech firms made their public debuts. And while one high-profile blunder cast a chill over the festivities, that’s probably not enough to stop the excitement in 2022. By December, more than $15 billion had been raised in

CNN, CNNBUSINESS By Paul R. La Monica, CNN Business The year’s last day of trading is shaping up to be a quiet one. Stocks were down just slightly Friday morning. But 2021 was still a banner year for Wall Street. The Dow fell about 65 points in late morning trading Friday, or 0.2%. It is

By Anna Bahney, CNN Business Home sales in November were up from the prior month as buyers rushed to take advantage of low interest rates, keeping 2021 on track for the strongest year since 2006. Prices continued double digit annual jumps as inventory remained at historic lows. The affordability challenge of buying a home pushed

By Paul R. La Monica, CNN Business Despite the Omicron variant of Covid-19, some travel restrictions and event cancellations, it seems many Americans are still getting ready to go away for the holidays — and planning much-needed vacations for 2022. That’s been great news for the beleaguered travel sector. Shares of cruise line operators Carnival