Money

By Alicia Wallace, CNN Business The number of first-time claims for unemployment benefits fell again last week, setting a new three-month low and showing that employers are still reluctant to let go of workers despite some economic slowing. Initial claims for unemployment insurance were 213,000 for the week ended September 10, down 5,000 from a

By Oliver Darcy, CNN Business CNN is reimagining its mornings. The network on Thursday unveiled a new marquee morning program that will debut later this year, anchored by stars Don Lemon, Poppy Harlow, and Kaitlan Collins. The show will replace “New Day,” which airs 6 a.m. to 9 a.m. ET. It will carry a new

By Nicole Goodkind, CNN Business Investors are on edge as the Federal Reserve gears up for its policy decision next week. Some are even starting to brace for a big surprise. What’s happening: New inflation data on Tuesday showed that prices aren’t easing as quickly as Wall Street had hoped. Markets plummeted as the report

Opinion by Joseph H. Davis for CNN Business Perspectives The Federal Reserve is aware of the pain that spiraling prices are causing Americans. At the recent Jackson Hole Economic Symposium, Fed Chair Jerome Powell said bringing inflation down “will also bring some pain to households and businesses.” But what the nation’s central bankers are hesitant

By Chris Isidore, Vanessa Yurkevich and Jeremy Diamond, CNN Business Unions and management reached a tentative deal early Thursday, averting a freight railroad strike that had threatened to cripple US supply chains and push prices higher for many goods. The deal with unions representing more than 50,000 engineers and conductors was announced just after 5

By Laura He, CNN Business Chinese leader Xi Jinping and his Russian counterpart, Vladimir Putin, will meet face-to-face this week for the first time since Moscow sent troops into Ukraine earlier this year. When they last met, in February in Beijing during the Winter Olympics, they proclaimed their friendship had “no limits.” Since then, Russia

By Peter Valdes-Dapena, CNN Business Ford unveiled an all-new version of the two-door Mustang coupe at an event in Detroit Wednesday night. It has a new body design and new engine options, but the one thing it won’t have is electric motors. The new Mustang will be offered only with pure gasoline power, at least

By Allison Morrow, CNN Business Unless we get a breakthrough soon in deadlocked negotiations, Friday will mark the beginning of the first national rail strike in 30 years (which we wrote about in Monday’s newsletter). ICYMI: Tens of thousands of train workers are ready to walk off the job just after midnight tomorrow night unless

By Kate Trafecante, CNN Patagonia’s founder is transferring ownership of the company after nearly 50 years into two entities that will help fight the climate crisis. Patagonia is a private company based in Ventura, California, that sells outdoor apparel and equipment. Yvon Chouinard founded the company in 1973. Patagonia said in a press release on

By Sharon Braithwaite and Anna Cooban, CNN Business About 100 people who worked for Prince Charles could lose their jobs now he has become King, a labor union said Wednesday. Workers at Clarence House, the King’s former official London residence while he was Prince of Wales, were informed that they could be made redundant on

By Paul R. La Monica, CNN Business Tuesday’s massive stock market meltdown should serve as a reminder to investors that in times of turmoil, it pays to own shares of companies that also pay you. Dividend paying stocks are in vogue again, even as long-term government bond yields have surged dramatically this year. Traders seem

By Anna Cooban, CNN Business The European Union wants to raise €140 billion ($140 billion) by tapping the windfall earnings of some energy companies to help households and businesses pay eye-watering gas and electricity bills. On Wednesday, the European Commission proposed skimming off excess revenue from renewable and nuclear electricity producers, and taxing the windfall

Opinion by Todd Greene, Ioana Marinescu, Jake Rosenfeld and Elisabeth Jacobs for CNN Business Perspectives Each day seems to bring new headlines of low-wage workers coming together to start a union. A historically tight labor market has given rise to a new era of worker power, although the conditions workers are protesting are far from

By Jordan Valinsky, CNN Business Fred Franzia, the man behind “Two Buck Chuck” and other value-priced wines that revolutionized the industry, has died. He was 79. Bronco Wine Company, the 49-year-old company he helped create with his brother and cousin, announced his death on Facebook, writing that it’s “truly saddened by the passing of its

By Uliana Pavlova, CNN Russian businessman Ivan Pechorin, the top manager for the Corporation for the Development of the Far East and the Arctic, has been found dead in Vladivostok, the latest in a string of mysterious deaths among Russian executives. “On September 12, 2022, it became known about the tragic death of our colleague,

By Frank Pallotta, CNN Business Following the death of Queen Elizabeth II, Netflix viewers tuned into the show about her life. Season 1 of “The Crown,” the streaming company’s award-winning series about the Queen’s reign over decades, entered Netflix’s top 10 this week, the company revealed on Tuesday. The series, which stars Claire Foy and

By Paul R. La Monica, CNN Business Prices at the pump have fallen along with the cost of a barrel of crude oil. But the CEO of Chevron, one of the world’s largest energy companies, thinks consumers in the United States should be prepared for a shock when they get home heating bills this winter.

By Danielle Wiener-Bronner, CNN Business The past few years have been tough for Burger King. Missteps during the pandemic caused the chain to lag behind competitors. Over the past few quarters, Burger King has been playing catch up, and now the company is hoping a major investment in restaurants and advertising will help spark growth

By Tami Luhby, CNN Gas prices are on the decline. Inflation has moderated a little, though it remains historically high. Consumers are feeling slightly more optimistic about the future. Has your outlook on the economy changed in recent months? How about your thoughts on your personal financial situation? Share your story with CNN. You could

By Lauren del Valle, CNN Conspiracy theorist Alex Jones will be back on trial Tuesday, facing more family members of Sandy Hook Elementary School shooting victims, weeks after a Texas jury determined he and his company should have to pay one student’s parents nearly $50 million for defaming the student’s father and inflicting emotional distress

By Alicia Wallace, CNN Business Americans are expecting inflation to fall sharply in both the short and long run, according to new data from the Federal Reserve Bank of New York. In August, the median expectations for one- and three-year inflation dropped to 5.7% and 2.8%, respectively, down from 6.2% and 3.2% in July, according

Opinion by Karen S. Lynch for CNN Business Perspectives Even though mental health challenges aren’t anything new, we are living in a time with a series of unique stressors that are impacting every one of us, such as Russia’s invasion of Ukraine, as well as a pandemic that has stretched two-and-a-half years and continually reminds

By Julia Horowitz, CNN Business In the past week, Ukrainian troops have dealt a huge blow to Russia’s grip on parts of the east of their country with a fast-moving offensive. The stunning campaign has kicked off a new phase of the war and could force Vladimir Putin to reconsider his strategy and objectives. What’s

By Artemis Moshtaghian, CNN Columbia University said that it relied on “outdated and/or incorrect methodologies” in submitting data to U.S. News & World Report for consideration in the publication’s 2021 college rankings, according to a statement released by the university Friday. “The Columbia undergraduate experience is and always has been centered around small classes taught

By Ramishah Maruf, CNN US credit card giants said they will implement a new merchant category code for the nation’s gun retailers, which gun control activists say will help flag potential mass shooters and gun traffickers. The International Organization for Standardization, based in Geneva, approved the code on Friday. The system will separately categorize sales

By Chris Isidore, CNN Business It’s not just about the money. There has been a surge in union activism — including strikes and organizing efforts — in the last year that is being driven by factors far beyond pay rates and benefits packages. If pay was the only issue, the nation probably wouldn’t be facing

By Zoe Sottile, CNN Holding onto an ex’s stuff may prove profitable later on, at least if your ex turns out to be the wealthiest man in the world. The former girlfriend of tech entrepreneur Elon Musk is auctioning off a cache of photos and Musk memorabilia from her relationship with the billionaire. Jennifer Gwynne,

By Parija Kavilanz, CNN Business As American industries struggle to fill plentiful job vacancies in a tight labor market, there’s at least one type of work where interest seems to be flourishing: funeral services. Colleges specializing in funeral service education are growing enrollment amid a dearth of workers in the funeral services industry. “The shortage

By Nicole Goodkind, CNN Business Ukrainian forces have made sweeping advances in September in their fight against Russia, easing some investor fears of a prolonged war-induced energy crisis in Europe. European markets closed higher Friday, as did markets in the Asia-Pacific area. The Dow jumped more than 200 points in the US and the major

Opinion by Bill Carter for CNN Business Perspectives Over the years, I have been fortunate to be able to talk to Lorne Michaels, the impresario of NBC’s “Saturday Night Live,” on many occasions, both formally and informally, for news articles and books. And one of the things I’ve learned is that when you manage a

Martha C. White for CNN Business With nearly two job openings available for every job seeker, the shortage of workers in the United States has many employers over a barrel in the fight to acquire and retain talent. But for candidates who are typically overlooked by hiring managers, the labor shortage offers an opportunity. Advocates