Money

By Julia Horowitz, CNN Business The Federal Reserve is buying $120 billion in bonds per month, part of a package of emergency measures to prop up the US economy during the pandemic. But as activity returns to normal, is that level of support necessary? That’s among the key questions facing central bankers when they gather

By Andy Rose, CNN Phil Valentine, a Nashville-based conservative radio talk show host who had questioned whether it was necessary for all people to get Covid-19 vaccines, died on Saturday, his employer, WWTN Radio, announced on Twitter. Valentine was 61 years old. “Please keep the Valentine family in your thoughts and prayers,” the station said

By Chauncey Alcorn, CNN Business Some California gig worker advocacy groups expressed cautious optimism Saturday about a federal court judge’s Friday ruling against Prop. 22. Others who support the initiative argued the decision was a mistake. Prop. 22 is a controversial ballot measure that was approved by a majority of California voters in November 2020.

By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here The smartest game show on TV made a rookie mistake. And now Sony needs a new “Jeopardy!” host — again. I have been talking with this year’s guest hosts, wannabe

By Danielle Wiener-Bronner, CNN Business For a moment in late spring and early summer, it seemed that restaurant operators were starting to see the light at the end of the tunnel. The Covid-19 vaccines were publicly available, and more Americans were getting the shot. States and cities eased their pandemic restrictions, including mask mandates and

By Matt Egan, CNN Business Soaring food prices. Limited cash. And a surge of refugees. The economic future of Afghanistan under Taliban rule looks bleak, according to the country’s former central banker. “Afghanistan unfortunately was already facing multiple crises,” Ajmal Ahmady, who led the Afghan central bank before escaping Kabul on Sunday, told CNN, pointing

By Matt Egan, CNN Business Ajmal Ahmady is still disoriented by how rapidly Afghanistan’s US-backed government collapsed to the Taliban. “The situation fell apart very rapidly,” Ahmady, the Harvard-trained economist who led Afghanistan’s central bank, told CNN. “Even on Sunday morning, I was still at my desk working.” But as reports came in that Taliban

By Peter Valdes-Dapena, CNN Business General Motors is recalling another 73,000 Bolt EV and EUV electric vehicles in the United States and Canada for a problem that could cause the vehicles to catch fire. GM had earlier announced that the recall would cost $800 million, but that was before the recall was expanded to cover

By Chris Isidore, CNN Business You’re going to have to wait a long time if you want to buy just about any Tesla. Estimated delivery times on Tesla’s website have been pushed back until late this year — and in come cases next year — for all but the upper-end versions of the Model 3

By Chauncey Alcorn, CNN Business A trio of Black former Kraft Heinz factory workers are suing the company for $30 million over what they claim was routine racist harassment from former co-workers and supervisors. The plaintiffs claim their former coworkers left notes in their lockers calling them the N-word and once threatened to kill them

By Paul R. La Monica, CNN Business The buzzy sports apparel startup Fanatics will become the new exclusive licensee for Major League Baseball cards, taking over from Topps after its deal with MLB ends in 2025, a source close to the company confirmed to CNN Business on Friday. As a result, the more than 80-year-old

By Brian Stelter, CNN Business Mike Richards strategized for years to become the host of an iconic TV game show. But he lasted as the host of “Jeopardy!” for just one taping day. The producer-turned-host who positioned himself as Alex Trebek’s rightful heir said Friday he has “stepped down,” citing the controversy over “past incidents

By Nathaniel Meyersohn, CNN Business Amazon upended the US brick-and-mortar department store model built by companies like Sears and J.C. Penney. Now, the e-commerce giant reportedly has plans to open physical stores that resemble the concept it’s helping to crush. Amazon is expected to open department stores in the United States, starting in Ohio and