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Opinion by Rep. Derek Kilmer and Sen. Chris Coons for CNN Business Perspectives As our economy has changed in recent years, communities have been left behind. Many of them have gone from exporting products to exporting young people as job opportunities erode. In Claymont, Delaware, a bustling steel mill that was once the beating heart

By Moira Ritter, CNN Business Citigroup is the latest big bank to mandate vaccines for employees returning to the office as the Delta variant of Covid-19 surges. Starting September 13, employees working in the bank’s New York headquarters as well as other offices in the New York metropolitan area, Chicago, Boston, Washington and Philadelphia, will

By Paul R. La Monica, CNN Business Robinhood’s Wall Street debut was tepid, just like Facebook’s initial public offering more than nine years ago. But despite the lackluster start, Robinhood has roared back to life in the past week. Can it continue to climb and eventually become the Facebook of financial services? It’s way too

By Frank Pallotta, CNN Business A federal judge ruled on Monday that Linda Fairstein — a former prosecutor who was part of the Manhattan District Attorney’s Office when it tried the criminal case against the young men who became known as the “Central Park Five” — can sue Netflix, producer and director Ava DuVernay and

By Oliver Darcy, CNN Business Dominion Voting Systems, a technology company that was targeted with disinformation by former President Donald Trump and allies, filed lawsuits on Tuesday against two right-wing television channels, alleging they aided the spread of baseless conspiracy theories about its role in the 2020 election. The lawsuits, which are the latest in

By Chris Isidore, CNN Business Tesla sales dropped sharply in China, according to a trade group report, suggesting it is losing ground in the world’s largest market for both traditional and electric vehicles. The China Passenger Car Association reported that Tesla’s sales in China fell to 8,621 cars in July, down nearly 70% from June.

By Kathryn Vasel, CNN Business With some companies still trying to figure out exactly how often their employees will need to be in the office, one thing has become clear: many workers want flexibility. While asking for a flexible work schedule is likely easier now than it was pre-pandemic, it can still be uncomfortable to

By Jordan Valinsky, CNN Business The newest entrant into the spiked seltzer wars is … Mountain Dew. The PepsiCo-owned soft drink is partnering with the Boston Beer Company to make “HARD MTN DEW,” a sugar-free canned beverage with 5% alcohol by volume. In a press release, the companies said they paired together because they “understand

By Hanna Ziady, CNN Business If there was ever any doubt that individual investors are a powerful new force on Wall Street, AMC Entertainment CEO Adam Aron may just have silenced the skeptics. The latest: On the company’s earnings call Monday, Aron made it very clear through his choice of words — and downright flattery

By Michelle Toh, CNN Business SoftBank CEO Masayoshi Son is cutting back on new investments in China as the country’s private sector continues to face a historic regulatory crackdown. The Japanese billionaire said at an earnings presentation Tuesday that he would take a cautious approach until the impact of new regulations are clear. Chinese companies

By Jordan Valinsky, CNN Business Amazon is changing its complaint process for returns and will pay customers up to $1,000 for products sold by third-party sellers that caused damage or personal injury. The company announced Tuesday that it will deal with customer satisfaction itself and go after companies afterward if third parties are unresponsive or

By Rachel Ramirez and Alexis Benveniste, CNN Business The climate crisis is accelerating at unprecedented pace, according to a new United Nations state-of-the-science report. It is “a code red for humanity,” said UN Secretary-General António Guterres — and given that the report concludes the entirety of the warming is due to human greenhouse gas emissions,

By Tami Luhby, CNN Business Companies big and small are raising wages to attract workers and hold onto employees as the economy revs back into gear. But those fatter paychecks aren’t going as far, thanks to rising inflation. In fact, compensation is now lower than it was in December 2019, when adjusted for inflation, according