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By Peter Valdes-Dapena, CNN Business President Joe Biden announced an agreement Thursday that aims to push the US auto industry to sell more electric vehicles. The goals include a “shared aspiration” that 40% to 50% of vehicles sold in the US will be electric, plug-in hybrids or hydrogen-powered. This will be a challenge, some experts

By Danielle Wiener-Bronner, CNN Business The pandemic was difficult for casual dining brands like Applebee’s, which saw sales plummet when it closed its dining rooms last year. But now, Applebee’s is doing better than it has in years. One reason? Attention from the song “Fancy Like” by Walker Hayes. “This song lyrically is all about

By Nathaniel Meyersohn, CNN Business More employers are mandating Covid-19 vaccines for their workers as the Delta variant surges across the United States. But one step in the process could slow down the rollout of such requirements: negotiations with labor unions representing employees. Talks between employers and labor leaders are taking place in a variety

By Matt Egan, CNN Business The planned grand reopening of offices across America is in serious doubt because of the Delta variant. In the past 24 hours, a slew of major companies have told employees they will no longer be expected back at their desks in September. Notably, that list includes BlackRock, Wells Fargo and

By Chris Isidore, CNN Business President Joe Biden celebrated ambitious electric vehicles goals by automakers at the White House on Thursday. But he did so without the world’s largest maker of EVs: Tesla. Joining Biden were executives from General Motors and Ford, as well as Stellantis, the company formed by the merger earlier this year

By Brian Stelter, CNN Business “Jeopardy!” executive producer Mike Richards is in line to host the beloved game show starting in September. Sources with knowledge of the process say it is effectively a done deal, though it may not be announced until later in August. Variety reported Wednesday that “Richards is clearly the front-runner” and

By Matt Egan, CNN Business Major players on Wall Street are beginning to push back their return-to-office dates because of surging Covid-19 cases. Wells Fargo on Thursday said it would push back the reopening of its offices by about a month to early October, making it the biggest bank yet to shift gears because of

By Frank Pallotta, CNN Business Trey Parker and Matt Stone, the co-creators behind the long-running animated series “South Park,” have signed a new deal with ViacomCBS that will keep the cursing children of Colorado on Comedy Central through 2027. The deal extends the adventures of Stan, Kyle, Kenny, and Cartman through a 30th season. However,

By Jordan Valinsky, CNN Business Robinhood shares fell more than 27% Thursday following the previous day’s stratospheric rise. The selloff was sparked by a regulatory filing from the company saying that shareholders, including venture capital firm Andreessen Horowitz, will sell up to nearly 98 million shares over time. It’s been a roller coaster week for

Opinion by Julián Castro for CNN Business Perspectives Earlier this week, the US Centers for Disease Control and Prevention reinstated its eviction moratorium until October in places with a substantial number of Covid infections. While this was a necessary response to the nation’s dire housing affordability crisis — one that the pandemic has exacerbated —

By Julia Horowitz, CNN Business Earlier this year, when GameStop shares exploded out of the blue, all eyes were on Robinhood, the commission-free trading app that was helping millions of amateur investors gain access to financial markets. Coordinating on social media, the app’s users showed an uncanny ability to supercharge a wide array of stocks.

By Anneken Tappe, CNN Business America’s job market recovery is chugging along, but worries about the Delta variant derailing progress are rampant. Even as economists anticipate the best gains since last summer in Friday’s jobs report, persistently high unemployment claims and a big miss in the private sector payroll report put a damper on the

By Chris Isidore, CNN Business General Motors’ very expensive Chevy Bolt recall highlights one big risk of building electric vehicles. GM is preparing to spend $800 million to fix — or possibly replace — the batteries in nearly 70,000 Bolts due to a fire risk. That comes out to about $11,650 per vehicle, making it