Money

By Bryan Mena, CNN Washington (CNN) — Last month, the Federal Reserve slashed interest rates by a supersized half point in a bid to maintain the job market’s strength, Chair Jerome Powell explained in a news conference after the decision was announced. But when fresh data this Friday showed the job market is more robust

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — The deal reached Thursday evening that ended a strike by 50,000 port workers has a lot of winners and few if any losers. The deal only covers wages, not other contract provisions. But the union agreed to return to work Friday after a three-day

By Kristen Rogers, CNN (CNN) — Megan Rathmell thought she’d bombed her job interview earlier this year, assuming her nervousness and lack of preparation had cost her the opportunity.   The 20-year-old later found out she got the job as a paralegal — and what made her stand out was her ability to do two

By Brian Stelter, CNN New York (CNN) — As newspaper editorial boards lose influence, or withdraw from the space altogether, there are openings for others. In New York City, a group of veteran journalists are trying to fill the gap. The collective — a who’s-who of New York journalists, including political writers, editors and columnists — are launching the project to

By Nathaniel Meyersohn, CNN New York (CNN) — TikToks of customers stuffing their faces with a $20 endless shrimp. More than 100 restaurant closures and thousands of layoffs. A revolving door of CEOs. Chapter 11 bankruptcy. Damola Adamolekun, the new chief executive of Red Lobster, is taking over a chain in turmoil. And he’s only

By Alicia Wallace, CNN (CNN) — US job growth surged in September, blowing past expectations and providing solid reassurance for the ongoing stability of the labor market. Employers added an estimated 254,000 jobs in September, according to data released Friday by the Bureau of Labor Statistics. That’s a much higher tally than August’s monthly total (which was

By Vanessa Yurkevich and Chris Isidore, CNN New York (CNN) — Striking members of the International Longshoremen’s Association (ILA) will be back to work on Friday, the union announced Thursday evening, as it reached a tentative deal with the management group representing shipping lines, terminal operators and port authorities. The agreement amounts to a $4-per-hour

By Ramishah Maruf, CNN New York (CNN) — Starbucks’ Howard Schultz, who was interim CEO at the time, broke federal labor law in 2022 by telling a California barista who raised concerns about unionization that “if you’re not happy at Starbucks, you can go work for another company.” A decision by the National Labor Relations

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — A week ago, few outside the labor movement or shipping industry knew Harold Daggett, the tough-talking, colorful head of the union now on strike at ports along the East and Gulf Coasts. That’s certainly no longer the case. Daggett is the president of the

By Jordan Valinsky, CNN New York (CNN) — Costco is expanding the collection of precious metals it sells, with the addition of platinum. The big-box chain is now selling Swiss-made 1 oz. platinum bars for $1,089.99 on its website, but a Costco membership is required for purchase. The bar features Lady Fortuna, the Roman goddess

By Jordan Valinsky, CNN New York (CNN) — Tesla is recalling roughly 27,000 Cybertrucks because of a rearview camera issue that delays the image being displayed on the dashboard, increasing the risk of a crash. The rearview display might appear blank for up to 8 seconds when the Cybertruck is put in reverse, according to

By Jordan Valinsky, CNN New York (CNN) — When McDonald’s rolled out the Chicken Big Mac in the United Kingdom, it sold out within 10 days. Now, it’s likely hoping for similar success in the United States. Beginning October 10, the highly anticipated sandwich will be sold for a limited time at McDonald’s US locations.

By Alicia Wallace, CNN (CNN) — September’s jobs report, due out Friday morning, is expected to show that the US labor market has slowed somewhat but remains on solid footing. And while status quo isn’t always the most exciting of states, further signs of stability could bode well for the broader economy and the Federal

By Ramishah Maruf, CNN New York (CNN) — A massive port strike along the East and Gulf Coasts that kicked off on Tuesday has the potential to become one of America’s most disruptive work stoppages in recent times. The demands of the nearly 50,000 members of the International Longshoremen’s Association walking the picket lines remain

By Brian Stelter, CNN New York (CNN) — It was a calmer, more civil debate – and a less popular one overall. The vice presidential debate between Tim Walz and JD Vance scored more than 43 million viewers on TV Tuesday night, according to Nielsen estimates. The 43 million figure is the combined audience across

By Piper Hudspeth Blackburn, CNN (CNN) — A federal appeals court in Washington, DC, on Wednesday allowed a prediction market to offer election betting, denying a government watchdog’s request to halt a ruling that made way for legal political gambling in the United States. Kalshi, an online platform where users can bet on the outcomes

By Matt Egan, CNN (CNN) — Bank of America customers reported having trouble accessing their bank accounts on Wednesday, but the bank said the apparent glitch has been largely fixed. Reports about a problem at Bank of America spiked around 12:45 pm ET on Downdetector, which collects data on outages. Many customers complained they could not