Money

By Rashard Rose, CNN American Airlines is canceling hundreds of flights through at least mid-July as the company strives to maintain service in the midst of massively increasing travel demand while the coronavirus pandemic continues to recede in the United States, according to a spokesperson from the airline. “The first few weeks of June have

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. “Assault on Democracy.” That’s the title of an ambitious new CNN documentary that is premiering Sunday at 9pm Eastern and Pacific and re-airing several times in the coming days. The

By Alexis Benveniste, CNN Business Five hundred police officers raided the Apple Daily newsroom in Hong Kong last week to arrest executives and top editors and seize journalistic materials under the city’s national security law. The incident sounded an alarm across the media industry. “This has sent shudders through the industry,” Elaine Yu, a Hong

By Nathaniel Meyersohn, CNN Business Amazon Prime Day is typically one of the best days of the year for Keababies, which sells baby care and maternity products on its web site. Last October, Keababies racked up around $500,000 in revenue during the two-day event, said co-founder Ivan Ong. Drawn by the steep discounts Keababies offered

By Matt McFarland, CNN Business Traffic deaths soared in 2020 despite Americans driving less due to the pandemic, and Black Americans bore a disproportionate share of the increase in fatalities. The National Highway Traffic Safety Administration estimated earlier this month that 38,680 people died in motor vehicle crashes in 2020, the largest projected number of

By Anneken Tappe, CNN Business The US economy has come a long way since last year’s devastating downturn. But a return to “normal” may not be possible. The Back-to-Normal Index created by CNN Business and Moody’s Analytics stands at 93% as of June 18, a new pandemic-era high. The index is comprised of 37 national and

By Alexis Benveniste, CNN Business America hit a milestone Friday: 300 million people in the country have received at least one dose of a Covid-19 vaccine. And as the number of vaccinations continues to rise, so do the signs the nation is getting back to business. Here’s a list of some indicators that the United

By Jamiel Lynch and Alexis Benveniste, CNN Business A federal judge ruled Friday that the Centers for Disease Control and Prevention’s conditional sailing orders on the cruise industry “likely constitutes an unconstitutional delegation of legislative power to CDC.” In a motion for a preliminary injunction, the state of Florida alleged that the CDC’s order exceeds

By Moira Ritter, CNN Business It’s been 15 long months since millions of workers left their offices and set up makeshift desks at home. But as Covid-19 cases decline and more Americans get vaccinated, companies are beginning to establish protocols about how, and whether, office life will resume. For Wall Street banks, the growing consensus

By Matt Egan, CNN Business Bidding wars. All-cash offers. Homes selling for $1 million over asking. The housing boom has officially reached the ridiculous stage. Despite surging home prices that are rising at the fastest pace on record, the Federal Reserve continues to prop up the housing market by purchasing $40 billion of mortgage bonds

By Chauncey Alcorn, CNN Business Editor’s note: An earlier version of this story and headline misstated the findings of the McKinsey study on wealth. It has been updated and corrected. An estimated 19% of Black American families, roughly 3.5 million households, have a negative net worth because of due to a history of discriminatory policies

By Nathaniel Meyersohn, CNN Business You might not be excited about paying higher prices for meat and vegetables, but your grocery store is thrilled. The rising prices for staples like milk and pork affect grocery stores too, as they have to pay more to their suppliers. But while they are raising prices under the guise

By Paul R. La Monica, CNN Business Are the Wild West days of intense market volatility back on Wall Street? Stocks slid Friday after St. Louis Federal Reserve President James Bullard told CNBC he thinks the Fed should raise interest rates as soon as the end of next year. The Dow fell more than 530

By Danielle Wiener-Bronner, CNN Business It’s been a big year for America’s oat milk fans — and the companies serving them. In March, Starbucks rolled out the option only to sell out a month later. Silk added oat milk to its line of plant-based milks in April. Oatly had a splashy IPO in May. And

By Julia Horowitz, CNN Business Low inventory and surging demand have sent house prices soaring around the world, raising concerns about how long the red-hot market can be sustained. What’s happening: The International Monetary Fund’s Global House Price Index, which tracks 57 countries, has surpassed its prior peak from 2008. According to Oxford Economics, house

By Matt Egan, CNN Business Wall Street is wasting no time getting its employees back into the office — whether they want to be there or not. Morgan Stanley CEO James Gorman warned this week he’ll be “very disappointed” if workers aren’t back by Labor Day. And if they’re not? “Then we’ll have a different

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. Take a wild guess: What percentage of all monthly TV consumption time is spent watching content on Netflix, the king of all the streamers Thirty percent? Twenty percent? The answer,

By Laura He, CNN Business A coronavirus outbreak in southern China has clogged ports critical to global trade, causing a shipping backlog that could take months to clear and lead to shortages during the year-end holiday shopping season. The chaos began unfolding last month when authorities in the southern Chinese province of Guangdong — home