CNN – Business/Consumer

By Paul R. La Monica, CNN Business It’s lucky sevens for investors: The blue-chip S&P 500 index rose Friday to close at a record high for the seventh straight day following the strong jobs report. The last time the S&P 500 had this long a streak of all-time high closes was in June 1997, when

By Anneken Tappe, CNN Business The US economy added 850,000 jobs in June, when adjusted for seasonal changes. It was far more than economists had expected and a signal that American job growth is accelerating. It was the biggest monthly jobs gain since August 2020, when the economy added 1.6 million jobs. The hospitality and

By Anneken Tappe, CNN Business Friday’s jobs report was super strong. But don’t be fooled: America’s labor market problems — millions unemployed, worker shortages and worries about child care and health risks — will persist throughout the summer. Even though the US job market is rapidly improving, the economy is still far from back-to-normal. Employers

By Paul R. La Monica, CNN Business It’s lucky sevens for investors: The blue-chip S&P 500 index rose Friday to close at a record high for the seventh straight day following the strong jobs report. The last time the S&P 500 had this long a streak of all-time high closes was in June 1997, when

America’s labor market is still far from being back to normal – down 6.8 million jobs compared with February 2020. CNN’s Christine Romans reports.

Ride-hailer Didi raised $4.4 billion in the IPO, giving it a valuation of more than $67 billion. CNN’s Clare Sebastian reports.

By Moira Ritter, CNN Business Didi’s stock tumbled Friday after China’s Cyberspace Administration suspended the registration of new users from the company. The suspension comes just two days after China’s largest ride-hailing service, which forced Uber out of mainland China five years ago, went public on the NYSE in the biggest US share offering by

By Moira Ritter, CNN Business Didi’s stock tumbled Friday after China’s Cyberspace Administration suspended the registration of new users from the company. The suspension comes just two days after China’s largest ride-hailing service, which forced Uber out of mainland China five years ago, went public on the NYSE in the biggest US share offering by

By Chris Isidore, CNN Business Tesla managed to sell more than 200,000 vehicles last quarter, even as the company faced rising prices, a PR disaster in China and a shortage of computer chips. The company also managed to build more than 200,000 cars over the past three months despite those enormous headwinds. The increase in

By Chris Isidore, CNN Business Tesla managed to sell more than 200,000 vehicles last quarter, even as the company faced rising prices, a PR disaster in China and a shortage of computer chips. The company also managed to build more than 200,000 cars over the past three months despite those enormous headwinds. The increase in

By Nathaniel Meyersohn, CNN Business If you feel like you’ve seen fewer blowout clothing sales at stores and online, you’re right. And you’re likely to see a near-absence of promotions even through the holidays later this year. Consumer demand for new wardrobes is soaring thanks to stimulus checks and pent-up demand built during the pandemic.

By Nathaniel Meyersohn, CNN Business If you feel like you’ve seen fewer blowout clothing sales at stores and online, you’re right. And you’re likely to see a near-absence of promotions even through the holidays later this year. Consumer demand for new wardrobes is soaring thanks to stimulus checks and pent-up demand built during the pandemic.

America’s labor market is still far from being back to normal – down 6.8 million jobs compared with February 2020. CNN’s Christine Romans reports.

By Julia Horowitz, CNN Business When the latest US jobs report goes live on Friday, investors and economists will be closely watching the number of jobs added in June. What’s happening: Employers are expected to have created 700,000 positions, pushing the unemployment rate down to 5.7%. That would be a strong reading, even though the