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By Jeanne Sahadi, CNN Business So many factors go into deciding whether to quit your job, but pay is a big one. Even if money isn’t your top priority, it’s important to figure out how much you’re actually getting from your current employer because what you make is more than just your salary or wage.
Continue ReadingCNN, CNNBUSINESS By Paul R. La Monica, CNN Business Wall Street got a double dose of good news to cheer on Friday. The job market rebounded sharply in October following a disappointing September. And Pfizer surged after issuing positive data about its Covid-19 pill. The Dow ended the day up more than 200 points, or
Continue ReadingCNN, CNNBUSINESS By Anneken Tappe, CNN Business America’s jobs recovery gathered some steam last month as US employers added 531,000 positions in October. The unemployment rate fell to 4.6%, the lowest level since the economic recovery started in May 2020. The number of jobs added in October easily outpaced economists’ prediction of 450,000 jobs. It
Continue ReadingBy Anneken Tappe, CNN Business America’s jobs recovery gathered some steam last month as US employers added 531,000 positions in October. The unemployment rate fell to 4.6%, the lowest level since the economic recovery started in May 2020. The number of jobs added in October easily outpaced economists’ prediction of 450,000 jobs. It marked the
Continue ReadingOpinion by Jessica A. Roth for CNN Business Perspectives As the Elizabeth Holmes trial unfolds, the audacity of the alleged scheme becomes clearer by the day. The purported lies are big, the sums of money staggering, the boldface names riveting. But perhaps what is most remarkable about the case is how unremarkable it is as
Continue ReadingBy Paul R. La Monica, CNN Business Shares of drug giant Pfizer surged nearly 11% Friday after the company announced positive test results for an experimental pill it has developed to fight Covid-19. Pfizer said the pill reduced the risk of hospitalization and death for high-risk patients who were part of a trial taking the
Continue ReadingBy Julia Horowitz, CNN Business America’s job market is showing signs of strength — welcome news after a choppy summer. What’s happening: The US economy added 531,000 jobs in October, according to government data released Friday. That’s stronger than in August and September, though gains for both months have been revised higher. Still, economists are
Continue ReadingBy Jordan Valinsky, CNN Business Peloton investors are going to have to take a meditation class (or several) after its latest earnings report that sent its shares plunging by about a third. The once-hot fitness company reported late Thursday that sales of its stationary bikes and treads, which makes up 60% of its business, fell
Continue ReadingBy Charles Riley and Kevin Liptak, CNN Business The White House has accused OPEC and its allies of putting the global economic recovery at risk by refusing to pump more oil. That sets up a geopolitical showdown that could spark more price swings and prompt the United States to release crude from its strategic reserves.
Continue ReadingBy Michelle Toh, CNN Business Another Chinese real estate company appears to be at risk of default, escalating fears of further problems in the country’s embattled property sector. Shares of Kaisa Group, a Shenzhen-based developer, were suspended from trading on Friday in Hong Kong. The company’s subsidiaries, which were also halted from trading, cited a
Continue ReadingBy Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. The House version of the Build Back Better Act contains a provision that news media advocates have sought for years. It’s a payroll tax credit that supports local news organizations
Continue ReadingCNN, MAYO CLINIC, KFOX, FAMILY PHOTOS, KUSA By Gabe Cohen, CNN Laurie Bedell feels trapped inside her home and her ailing body. “I pretty much live here in the living room,” Bedell said from her house near Pittsburgh. “I feel like I’ve lost the life that I had.” Last November, she and her family contracted
Continue ReadingBy Gabe Cohen, CNN Laurie Bedell feels trapped inside her home and her ailing body. “I pretty much live here in the living room,” Bedell said from her house near Pittsburgh. “I feel like I’ve lost the life that I had.” Last November, she and her family contracted Covid-19. The virus killed her father. Nearly
Continue ReadingBy Vanessa Yurkevich and Chris Isidore, CNN Business Mine workers have been on the picket line outside of two mines owned by Warrior Met Coal in rural Alabama for the last seven months, waging one of the longest US strikes this century. On Thursday they brought that protest to the streets of New York City.
Continue ReadingBy Anneken Tappe, CNN Business US labor market productivity fell dramatically in the third quarter of the year, dropping to its lowest level in 40 years. That sounds terrible. But there are plenty of reasons it might not be a bad sign for the nation’s economic outlook. To be sure, the recovery stumbled between July
Continue ReadingBy Sana Noor Haq, CNN Business As people around the world begin to celebrate Diwali, Google is commemorating the event with a special Easter egg. When users type in the word “Diwali” on the search engine, an animation of a miniature oil lamp — known as a diya — appears on the page. Once users
Continue ReadingBy Jordan Valinsky, CNN Business Twitter suspended Newsmax White House correspondent Emerald Robinson for posting blatant misinformation about the Covid-19 vaccine, including claims the shots contain tracking devices linked to the devil. “Dear Christians: the vaccines contain a bioluminescent marker called LUCIFERASE so that you can be tracked. Read the last book of the New
Continue ReadingCNN, CNNBUSINESS By Anneken Tappe, CNN Business The US jobs recovery finally picked up steam again in October, but not everyone is benefiting: Many women who were forced to drop out of the labor force during the pandemic are still on the sidelines. How to get them back could be a question on lawmakers’ minds
Continue ReadingBy Jordan Valinsky, CNN Business Sports fans who can’t get enough of watching legendary games of the past are in for a disappointment: ESPN Classic is shutting down early next year. The 26-year-old channel will cease operation on January 1, 2022, a Disney spokesperson confirmed. ESPN Classic is currently available in just 2 million homes,
Continue ReadingBy Allison Morrow, CNN Business Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. HOUSE FLOP Zillow shares fell more than 20% Wednesday on the news that it’s pulling the plug on its house-flipping business and laying off a quarter
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