CNN – Business/Consumer

By 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

By 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

By 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.

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. 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

CNN, 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

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 Covid-19. The virus killed her father. Nearly

By 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.

CNN, 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

By 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,

By 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

CNN, CNNBUSINESS By Nathaniel Meyersohn and Danielle Wiener-Bronner, CNN Get ready to pay even more for the fun stuff in your grocery cart. Top snack makers Kraft Heinz and Mondelez say they will hike prices for retail customers on varieties of Kraft Mac & Cheese, Jell-O, Bagel Bites, Cool Whip, Toblerone, Sour Patch Kids and

Opinion by Gad Levanon for CNN Business Perspectives After enhanced unemployment benefits expired and schools re-opened in person, many expected workers to go back to work and the nation’s labor shortage to ease significantly by September. But recent data suggest that, if anything, the shortage is getting more severe. And though the risk of a

CNN, HARTFORD HEALTHCARE, PFIZER By Chris Isidore, CNN Business Moderna fell short of profit and sales expectations for the third quarter, and the Covid vaccine maker warned that its full year shipments of the vaccine will not meet its forecasts. Shares of Moderna plunged nearly 20% at their low point of the day Thursday and

By Julia Horowitz, CNN Business For about 20 months, central banks have funneled an unprecedented amount of cash into the financial system, aiming to limit the worst effects of the Covid-19 pandemic on the economy. Now, with an eye on inflation, they’re changing course — with big ramifications for stocks and bonds. What’s happening: The