CNN – Business/Consumer

Opinion by Mark Zandi for CNN Business Perspectives Congress just punted the decision on the nation’s debt limit until the end of this year, and financial markets are relieved. But it will still remain an existential threat to the financial system and economy, given that lawmakers regularly tie themselves into knots to circumvent it. Since

By Rob McLean, CNN Business Hasbro chairman and CEO Brian Goldner has died, according to the company. His death comes shortly after Hasbro announced he would take a leave of absence for cancer treatment. “Since joining the Company more than two decades ago, Brian has been the heart and soul of Hasbro,” said the company’s

By Frank Pallotta and Liz Kang, CNN Business “Squid Game” — a fictional drama from South Korea — is Netflix’s “biggest-ever series at launch,” the streaming company exclusively told CNN on Tuesday. The dystopian series, in which contestants who are deeply in need of money play deadly children’s games to win cash prizes, has been

By Jeanne Sahadi, CNN Business As any working mother will attest, trying to fulfill all work and family obligations every single day can seem impossible. “Work-life balance is a lie,” said TIAA president and CEO Thasunda Brown Duckett at Fortune’s Most Powerful Women’s Summit on Tuesday. When she tried achieving a more balanced lifestyle, Duckett

By Anna Bahney, CNN Business Since the pandemic began, demand among homebuyers has far exceeded the supply of available homes, causing real estate prices to skyrocket. But as high as prices are, they have yet to peak, according to a new report from Goldman Sachs. The investment bank projects that home prices — already at

By Chris Isidore, CNN Business Corporate America cheered last month when President Joe Biden announced plans to require most larger businesses to mandate Covid vaccines or weekly tests for their workers, So Texas Gov. Greg Abbott’s order prohibiting businesses from enforcing a vaccine mandate on their Texas-based employees puts companies in a difficult position. Many

by Matt Egan, CNN Business Computer chip shortages. Epic port congestion. And a serious lack of truck drivers. The world’s delicate supply chains are under extreme stress. The supply chain nightmare is jacking up prices for consumers and slowing the global economic recovery. Unfortunately, Moody’s Analytics warns supply chain disruptions “will get worse before they

By Matt Egan, CNN Business A record 4.3 million people quit their jobs in August, evidence of the considerable leverage workers have in today’s economy. About 2.9% of the workforce quit in August, up from 2.7% in July, according to the Job Openings and Labor Turnover Survey (JOLTS) report, released Tuesday. That marks the highest

By Paul R. La Monica, CNN Business The Duke and Duchess of Sussex continue to expand their business empire. Prince Harry and Meghan Markle are partnering with a firm that helps create portfolios focused on sustainable investments. Harry and Meghan are working with Ethic, a five-year-old firm that promotes investing in companies with good environmental,

By Hanna Ziady, CNN Business Ryanair is refusing to carry passengers who were refunded by credit card companies for flights they did not take because of coronavirus lockdowns. The measure affects passengers who purchased non-refundable tickets for Ryanair flights that operated as scheduled during the pandemic but were unable or unwilling to fly because of

By Chris Isidore, CNN Business General Motors will be getting $1.9 billion from its battery supplier LG to cover most of the cost of the expensive recall of the Chevrolet Bolt after a series of fires. GM is recalling 143,000 Bolts, which represents most of the Bolts sold since the electric car debuted in 2016.

By Paul R. La Monica, CNN Business Say what you want about JPMorgan Chase CEO Jamie Dimon, but he’s consistent about his disdain for bitcoin. Dimon once again attacked the top cryptocurrency, calling it “worthless” during a virtual summit Monday. “I personally think bitcoin is worthless, but I don’t want to be a spokesperson,” he

By Hanna Ziady, CNN Business The global economic recovery from the coronavirus pandemic is weakening and risks are rising, according to the International Monetary Fund. The IMF on Tuesday slashed its 2021 growth forecast for the United States by one full percentage point to 6%, the biggest reduction suffered by any G7 economy in its

By Julia Horowitz, CNN Business For the first time since late 2014, US oil prices are back above $80 per barrel — a boon for the energy industry, which was battered during the pandemic, but bad news for the economic recovery as winter approaches. What’s happening: West Texas Intermediate futures, the US crude benchmark, finished

By Anneken Tappe, CNN Business China’s real estate crisis isn’t showing any sign of letting up. Embattled conglomerate Evergrande rattled global markets in September by warning it could default on its huge debts. Since then, more developers have made similar public confessions, unnerving investors and raising fears of contagion across the vast sector. It’s unclear