Pace of hiring slowed in August but the job market is still strong
By Alicia Wallace, CNN Business The economy added 315,000 jobs in August, exceeding economists’ expectations but far below July’s blowout…
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Opinion: This is what will prevent stagflation from hitting the US economy
Opinion by Joseph H. Davis for CNN Business Perspectives Hardly a day goes by without news about inflation and the growing risk of recession.…
Continue ReadingHere’s how the Fed is reading today’s jobs report
By Nicole Goodkind, CNN Business The US has a jobs problem: There are too many of them. There are currently around two jobs available for every…
Continue Reading‘We need to act right now’: Fed Chairman Powell vows to continue aggressive inflation fight
CNN Martha C. White for CNN Business At a think tank conference Thursday, Federal Reserve Chairman Jerome Powell reiterated his pledge to stay the…
Continue ReadingG7 countries agree to cap the price of Russian oil
By Alex Stambaugh, Julia Horowitz and Michelle Toh, CNN Business The West’s biggest economies on Friday agreed to impose a price cap on Russian…
Continue ReadingAustralia shut its borders to workers, now it’s desperate to get them back
By Hilary Whiteman, CNN Australia shut its borders for more than two years during the pandemic, but it also blocked access to potential workers and…
Continue ReadingStarbucks names new CEO
By Danielle Wiener-Bronner, CNN Business Starbucks has tapped Laxman Narasimhan as its next CEO. Narasimhan will become incoming CEO at Starbucks on…
Continue ReadingCruise recalls its robotaxis after passenger injured in crash
By Matt McFarland, CNN Business This week Cruise, which counts General Motors as its largest shareholder, became the first robotaxi operator to…
Continue ReadingBank of America to offer zero-down payment mortgages in certain Black and Hispanic communities
By Matt Egan and Anna Bahney, CNN Bank of America is offering zero down payment mortgages with no closing costs for first-time homebuyers in certain…
Continue ReadingStocks start off September with a late day rally
By Paul R. La Monica, CNN Business New month. Same old market volatility. Stocks rallied at the end of first day of September, which is historically…
Continue ReadingThe economy is starting to cool — but the job market is ‘like an inferno’
By Alicia Wallace, CNN Business The US economy shrank in the first half of the year, consumer sentiment plunged amid high inflation and unrest…
Continue ReadingFrom WFH boom to RTO bust. Could a Zoom takeover be next?
By Paul R. La Monica, CNN Business The work-from-home boom may be over, and that’s not good news for one pandemic stock market darling.…
Continue ReadingJobless claims fall to lowest level in two months
By Kate Trafecante and Alicia Wallace for CNN Business Weekly jobless claims fell to the lowest level since late June as employers appear reluctant…
Continue ReadingMortgage rates rise again after Fed says it will take ‘forceful’ steps to curb inflation
By Anna Bahney, CNN Business Mortgage rates continued to climb this week following comments by Federal Reserve Chairman Jerome Powell that the…
Continue ReadingOpinion: US companies are committing to hiring refugees. More should follow suit
Opinion by Gideon Maltz for CNN Business Perspectives One year ago, the world collapsed for Sayed Kabir Kamall, an Afghan of Uzbek heritage. Kabir…
Continue Reading41% of Black and minority workers in the UK are suffering racism on the job
By Zayn Nabbi and Anna Cooban, CNN Business More than two in five Black, brown and minority ethnic workers in the United Kingdom say they have faced…
Continue ReadingLukoil chairman dies after falling from a Moscow hospital window
By Anna Chernova, Frederik Pleitgen, Chris Liakos and Julia Horowitz, CNN Business The chairman of Russian oil and gas giant Lukoil has died after…
Continue ReadingThis UK company will hand out free food to 88,000 workers this winter
By Anna Cooban, CNN Business A leading British retailer plans to feed 88,000 workers over the winter to help them cope with the surging cost of…
Continue ReadingWall Street’s biggest fear gauge is broken
By Nicole Goodkind, CNN Business Markets are hard to predict right now, and that’s raising a question for some on Wall Street: Does a common…
Continue ReadingWhile streamers cut costs, Amazon makes a massive bet with ‘Lord of the Rings’
By Frank Pallotta, CNN Business After much anticipation, “The Lord of the Rings: The Rings of Power” finally debuts on Amazon Prime Video…
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