Glimmers of hope emerge in the supply chain nightmare
CNN, CNNBUSINESS By Matt Egan, CNN Business Epic port congestion is easing. Shipping prices are falling from sky-high levels. Deliveries are speeding…
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Finally some relief: Gasoline and natural gas prices are falling
By Matt Egan, CNN Business Americans grappling with historic levels of inflation are finally getting some relief where they need it most:…
Continue ReadingKellogg workers reject tentative labor deal, vote to stay on strike
By Chris Isidore, CNN Business Workers at four Kellogg cereal plants have rejected a tentative labor deal, voting to continue their two-month long…
Continue ReadingThere’s little reason for Robinhood investors to be merry
By Paul R. La Monica, CNN Business Heading into the start of 2021, Robinhood was expected to be one of the most successful initial public offerings…
Continue ReadingDubai is switching its work week to align with global markets
CNN, CNNBUSINESS By Mostafa Salem and Walé Azeez, CNN Business The United Arab Emirates and its international finance hub Dubai are switching to a…
Continue ReadingTeenager arrested for beheading sister as mother allegedly held victim’s legs
By Swati Gupta and Amy Woodyatt, CNN A teenager has been arrested in western India for beheading his 19-year-old sister while his mother allegedly…
Continue Reading‘A surreal moment’: Fired employees share what it was like on that mass-firing Zoom
By Ramishah Maruf, CNN Business Christian Chapman, a former underwriter at Better.com, thought he was logging onto another of CEO Vishal Garg’s…
Continue ReadingWall Street extends rally
By Anneken Tappe, CNN Business The US stock market was off to the races on Tuesday, extending its rally from the start of the week as all three major…
Continue ReadingDubai is switching its work week to align with global markets
By Mostafa Salem and Walé Azeez, CNN Business The United Arab Emirates and its international finance hub Dubai are switching to a…
Continue ReadingAmerican productivity fell by the largest amount since 1960
By Anneken Tappe, CNN Business US labor market productivity tanked in the third quarter. Paychecks grew and the number of hours worked jumped, but…
Continue ReadingShould retailers like Kohl’s and Macy’s break themselves up?
By Julia Horowitz, CNN Business For years, the future of the department store has been in doubt, as shoppers abandon malls and instead opt to scoop…
Continue ReadingDoug Parker, architect of merger trend that resulted in four major US airlines, is retiring
By Chris Isidore, CNN Business Doug Parker will retire in March as CEO of American Airlines, the airline that he made the world’s largest…
Continue ReadingExclusive: Elizabeth Warren blasts Hertz for $2 billion stock buyback while jacking up rental car prices
By Matt Egan, CNN Business Hertz has gone from bankruptcy court to buybacks in the span of five months. And Senator Elizabeth Warren is not happy…
Continue ReadingChina pumps $188 billion into the economy to counter real estate slump
By Laura He, CNN Business China has decided it’s time to loosen its purse strings and pump money into the economy in a bid to stave off threats…
Continue ReadingAs millions fell into poverty during the pandemic, billionaires’ wealth soared
By Tami Luhby, CNN Business The coronavirus pandemic has worsened the massive financial gap between rich and poor around the world, a new report has…
Continue Reading3 Better.com executives resign after CEO lays off 900 over Zoom
CNN, CNN BUSINESS By Moira Ritter Days after Better.com’s CEO unceremoniously fired 900 people over Zoom, several executives are handing in…
Continue Reading5 mistakes to avoid if you have to lay off employees remotely
By Jeanne Sahadi, CNN Business How you let employees go matters for your company’s reputation. Consider Better.com’s CEO, who just fired…
Continue ReadingThe Washington Post’s longtime editorial page editor dies at 66
By Oliver Darcy, CNN Business Fred Hiatt, The Washington Post’s longtime editorial page editor, died on Monday morning. He was 66 years old.…
Continue Reading2022 is when investors will finally return to value stocks. Really
By Paul R. La Monica, CNN Business Stop us if you’ve heard this before: Market strategists are predicting that 2022 will finally be the year…
Continue ReadingFord delays return to office for 30,000 workers because of Covid concerns
By Vanessa Yurkevich, CNN Business Ford Motor Co. is pushing its return-to-office date to March over concerns over new Covid-19 concerns, the company…
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