Money

By Anneken Tappe, CNN Business It’s a hallmark sign of this strange pandemic labor market: America had a record 10.1 million jobs available in June, as businesses struggled to hire enough staff to support the full reopening of the economy. That mismatch between worker demand and supply has been a defining characteristic of the pandemic

By Hanna Ziady, CNN Business A UK company that makes products to treat lung conditions could wind up in the hands of one of the world’s biggest cigarette makers, prompting an outcry from health charities that are calling on the British government to block the deal. Marlboro maker Philip Morris International (PMI) on Sunday increased

By Jordan Valinsky, CNN Business Domino’s Pizza is taking on delivery apps that charge extra fees with a new giveaway totaling $50 million worth of free food. The pizza chain announced Monday a “Surprise Frees” promotion, giving customers a chance for some free food to counter delivery apps like UberEats and DoorDash. Domino’s called competitors’

By Paul R. La Monica, CNN Business Warren Buffett’s Berkshire Hathaway, like the rest of Corporate America, had a miserable first half of 2020 due to the Covid-19 pandemic. But as the stock market and economy has rebounded, so have the fortunes of the Oracle of Omaha’s massive conglomerate. Berkshire reported strong second quarter earnings

By Charles Riley, CNN Business The US jobs report for July was really good. How good? Yields on benchmark US 10-year bonds moved higher to roughly 1.3% after the jobs report on Friday, their highest level since July 23. Yields have since fallen back a bit. But the addition of 943,000 jobs in the United

By Alexis Benveniste, CNN Business “Good Morning America” weekend anchor Dan Harris is leaving ABC News. “This is very hard for me,” Harris said during his on-air announcement Sunday that left a couple of his coworkers in tears, adding that he will leave ABC News in two months after 21 years working at the network.

By Alexis Benveniste, CNN Business Kohl’s and Sephora are teaming up to go beyond the shopping mall and bring more makeup to customers. The department store and beauty retailer announced their partnership in December 2020, but the mini Sephora shops are finally starting to open in select Kohl’s locations this month. More than 70 of

By Alexis Benveniste, CNN Business Media coverage of Covid-19 is constantly shifting and adapting as the Delta variant continues to spread around the globe — and physicians are getting frustrated. “A lot of what my physicians are expressing frustration about is the fact that we are hearing a lot of press conferences,” radiologist Dr. Nisha

By Chris Isidore, CNN Business Few retail sectors were hit harder than malls during the height of the pandemic. But things bounced back far quicker than almost anyone expected. Simon Property Group, the nation’s largest mall operator, just reported earnings that easily beat Wall Street forecasts. More importantly, the numbers were not just better than

By Frank Pallotta, CNN Business “The Suicide Squad,” a new, R-rated superhero film from Warner Bros., opened to an estimated $26.5 million at the North American box office this weekend. That number came in under industry expectations, which projected the film to make around $30 million. The movie took in $72.2 million worldwide, according to

By Charles Riley, CNN Business When investors purchase a stock, what they’re doing is buying a percentage of the company. Right? Wrong! At least when it comes to many of the Chinese companies listed on the Nasdaq and the New York Stock Exchange. That’s because Chinese companies use a structure called a variable interest entity,

By Nathaniel Meyersohn, CNN Business Ikea is famous for the Swedish meatballs served at its stores’ cafeterias. Now, it’s turning those meatballs customers love into … scented candles. Ikea is offering meatball-scented candles as a prize in a sweepstakes event for “Ikea Family” loyalty club members to celebrate the 10-year anniversary of the free loyalty

By Nathaniel Meyersohn, CNN Business Top US retail and food chains have updated their mask policies since the US Centers for Disease Control and Prevention said this week that fully vaccinated people should wear masks indoors in areas with substantial Covid-19 transmission. That designation includes more than two-thirds of US counties. The CDC changed its

By Alaa Elassar, CNN Target has announced that it will begin paying the college tuition and textbook expenses for its US-based part-time and full-time employees who attend select schools. The retail giant is following the lead of other large US companies offering more benefits to attract and retain talent in a tight job market. Starting

By Jazmin Goodwin, CNN Business The Securities and Exchange Commission approved Nasdaq’s proposal to increase diversity on the boards of companies listed on its exchange. The rule requires all Nasdaq-listed companies to have at least two diverse directors, including one woman and one member of an “underrepresented” minority group, including Black people, Latinos or members