CNN – Business/Consumer

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

By Anna Cooban and Mark Thompson, CNN Business The death of Queen Elizabeth has come at a bad time for the United Kingdom. Against a backdrop of soaring inflation, a slumping currency and the worst cost-of-living crisis in decades, the country has lost one of its few markers of continuity and stability. The government of

By Nicole Goodkind, CNN Business The US Federal Reserve is delivering a hawkish message to markets: We hear you, we see you, but you can’t stop us — aggressive rate hikes aren’t going away. Wall Street seems to be listening. Markets now see an 86% chance of a three-quarter point hike at the September Fed

By Peter Valdes-Dapena, CNN Business Rivian and Mercedes have signed a “memorandum of understanding” to work together on production of electric vans and to begin making them in Europe. Together, the companies will create a factory in Europe dedicated to producing electric vehicles. The companies will jointly invest in changing an existing Mercedes production site

By Paul R. La Monica, CNN Business Movie theater chain AMC is a top pick for meme investors, but the stock hasn’t exactly turned out to be the feel good hit of this summer. Shares of AMC were trading around $18 just before the company decided to issue a new class of preferred shares to

Martha C. White for CNN Business At a think tank conference Thursday, Federal Reserve Chairman Jerome Powell reiterated his pledge to stay the course on the central bank’s aggressive inflation-busting policy. “The Fed has, and accepts, responsibility for price stability,” he said at the Cato Institute’s 40th Annual Monetary Conference. “We need to act right

By Peter Valdes-Dapena, CNN Business General Motors revealed a new electric SUV Thursday that the automaker expects will be the cheapest compact electric SUV on the market when it goes into product in about a year. The Chevrolet Equinox EV will have a starting price around $30,000 which, at any rate, will make it among

Opinion by Gad Levanon for CNN Business Perspectives So far this year, the US economy has managed to skirt a recession, despite what many experts predicted. But even while the labor market remains strong, there isn’t much to celebrate in the foreseeable future. We could still very well find ourselves in a recession over the

By Frank Pallotta, CNN Business There are summer blockbusters, and then there’s “Top Gun: Maverick.” The Paramount film, featuring Tom Cruise‘s return to the skies as Pete “Maverick” Mitchell decades after the hit 1986 original, won the domestic box office over the Labor Day weekend — bringing in $7.9 million for the four-day holiday. That

By Mark Thompson, CNN Business The European Central Bank hiked interest rates by a record three-quarters of a percentage point on Thursday and promised more to come as it scrambles to contain the inflationary fallout from Russia’s invasion of Ukraine and the ensuing energy crisis. The move will take the benchmark rate for the 19

By Peter Valdes-Dapena, CNN Business Jeep will bring out three new all-electric SUVs over the next few years as it moves toward selling only electric vehicles in Europe by 2030 and having half its sales in the US be all-electric by then, too. Executives for the off-road SUV brand also indicated that more fully electric

By Nicole Goodkind, CNN Business The US dollar can’t be stopped. Fueled by the Federal Reserve’s aggressive tightening policy, the value of the greenback is appreciating to multi-decade highs and squashing currencies around the world. Typically, it’s emerging-market countries that shoulder the burden of a strong dollar. That’s because developing countries have been encouraged by