The US economy is never going back to ‘normal’
By Anneken Tappe, CNN Business The US economy has come a long way since last year’s devastating downturn. But a return to “normal”…
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Business upticks show how Americans are recovering from the pandemic
By Alexis Benveniste, CNN Business America hit a milestone Friday: 300 million people in the country have received at least one dose of the Covid-19…
Continue ReadingA judge ruled that Florida would be harmed by the CDC stopping most cruise ships from sailing
By Jamiel Lynch and Alexis Benveniste, CNN Business A federal judge ruled Friday that the Centers for Disease Control and Prevention’s…
Continue ReadingHere are the companies rushing workers back to the office — and the ones that aren’t
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…
Continue ReadingThe housing market is on fire. The Fed keeps adding gasoline
By Matt Egan, CNN Business Bidding wars. All-cash offers. Homes selling for $1 million over asking. The housing boom has officially reached the…
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3.5 million Black American households have a negative net worth, new study finds
By Chauncey Alcorn, CNN Business Editor’s note: An earlier version of this story and headline misstated the findings of the McKinsey study on…
Continue ReadingGrocery stores are excited to charge you higher prices
By Nathaniel Meyersohn, CNN Business You might not be excited about paying higher prices for meat and vegetables, but your grocery store is thrilled.…
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Dow plummets more than 500 points as volatility returns to stock market
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…
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Oat milk is everywhere. Here’s why
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,…
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Wall Street wants employees back in the office
Banking firms like Morgan Stanley and Goldman Sachs announced they want their employees to return to the office as more people are getting vaccinated…
Continue ReadingReal estate market madness is everywhere
By Julia Horowitz, CNN Business Low inventory and surging demand have sent house prices soaring around the world, raising concerns about how long the…
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New Nielsen data shows that cable TV reigns supreme, but streaming is gaining fast
By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
Continue ReadingWhy Wall Street is in such a rush to get workers back to the office
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…
Continue ReadingA huge backlog at China’s ports could spoil your holiday shopping this year
By Laura He, CNN Business A coronavirus outbreak in southern China has clogged ports critical to global trade, causing a shipping backlog that could…
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Lordstown Motors backtracks, says it has no binding orders for electric truck
By Allison Morrow, CNN Business Lordstown Motors, the struggling electric truck startup, said that it has no firm orders for its vehicles,…
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HEALTH MINUTE: WHERE VACCINATIONS ARE UP, COVID CASES DOWN
The CDC continues to warn Americans about the Delta variant, first identified in India, labeling it “a variant of concern,” meaning it may be more…
Continue Reading Bank of America gives WFH employees a Labor Day deadline to return to the office
By Alexis Benveniste, CNN Business Bank of America is encouraging its vaccinated employees to return to the office after Labor Day in September, the…
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Top builder says the housing boom isn’t over just yet
By Paul R. La Monica, CNN Business Intense bidding wars and supply shortages for lumber and other building materials threaten to finally derail the…
Continue ReadingDemocrats want JPMorgan to refund Covid-era overdraft fees — and scrap them forever
By Matt Egan, CNN Business New York Democrats want JPMorgan Chase to return the overdraft fees the bank collected during the pandemic — and to…
Continue ReadingJPMorgan Chase buys robo-adviser Nutmeg ahead of UK banking launch
By Julia Horowitz, CNN Business The biggest US bank is ramping up its plans to expand in the United Kingdom. JPMorgan Chase announced Thursday that…
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