Money

By Chris Isidore, CNN Business About 8,000 grocery store workers at 77 King Soopers and City Markets stores in the Denver area are on strike after the union rejected what the company described as its best and final offer to replace a recently expired contract. The strike started Wednesday morning against the stores, which are

By Matt Egan Goldman Sachs is extending its work-from-home guidance by another two weeks amid the wave of Covid-19 infections. The Wall Street bank on Thursday encouraged US employees who can work remotely to do so until February 1, a Goldman Sachs spokesperson told CNN. That is in line with new health policies Goldman Sachs

By Paul R. La Monica, CNN Business Auto racing is arguably hotter than ever, thanks in part to the super popular Netflix series “Drive to Survive,” which has given viewers an intimate, behind the scenes look at the Formula 1 racing circuit. Now, one of the most famous names in racing history, former IndyCar champion

By Matt Egan, CNN Business Inflation has vaulted to the top of CEOs’ worry list. More than half (55%) of global CEOs fear pricing pressures will stay elevated until mid-2023 — or beyond, according to a survey released Thursday by the Conference Board. Inflation is now viewed by executives as the No. 2 external threat

By Chris Isidore and Allison Morrow, CNN Business Inflation isn’t just an economic headache — it’s become a political blame game that will almost certainly define this year’s midterm election campaigns. But the cause of inflation doesn’t lie with any single government action or lack of action. And fixing it — that is, bringing current

By Frank Pallotta, CNN Business The National Football League bounced back to ratings dominance following a 2020 season that was disrupted by the pandemic — showing once again that pro football is still the biggest audience draw on television. The league’s viewership for the 2021 regular season was up roughly 10% overall from the year

By Peter Valdes-Dapena, CNN Business Stellantis, the company formed last year through the merger of Fiat Chrysler Automobiles and France’s PSA Group, has some catching up to do when it comes to comes to electric cars. Chief executive Carlos Tavares said he knows that, of course, but being first isn’t everything. Tavares is approaching his

By Anneken Tappe, CNN Business A key inflation measure climbed to a record high in 2021, as pandemic price hikes just aren’t going away. The US producer price index, which tracks what America’s producers get paid for their goods and services on average over time, rose 9.7% last year, not adjusted for seasonal swings. It

By Julia Horowitz, CNN Business For companies that want to take advantage of historically-low borrowing costs, the clock is ticking. What’s happening: In the early days of the year, corporations have been racing to issue debt. Their aim is to tap the market before the Federal Reserve starts hiking interest rates, which have been near

By Charles Riley, CNN Business Volkswagen is falling further behind Tesla in the race to dominate the market for electric cars. Europe’s largest carmaker said Wednesday that it delivered 452,900 battery electric cars to customers in 2021, nearly double its total from the previous year. But that wasn’t enough to keep pace with Tesla, which

By Nathaniel Meyersohn, CNN Business Sam Dancy has witnessed it all during his 30 years at supermarket chain QFC in Seattle. But the Omicron variant is pushing him to the brink. Dancy is a front-end supervisor overseeing the store’s cash registers, self-checkout kiosks, customer service and liquor departments. In late December he worked 11 straight

By Chris Isidore, CNN Business A strong holiday travel season helped Delta Air Lines to a better-than-forecast profit in the last three months of 2021. But it expects to lose money again in the current quarter as Covid infections surge. Still, the airline offered a hopeful message, saying it expects the impact of Omicron on

By Parija Kavilanz, CNN Business N95 respirators, the gold standard of filtration masks, are back in the pandemic spotlight because of the highly contagious Omicron Covid-19 variant. Unlike earlier in the pandemic, N95s are now widely available — but the top N95 manufacturer cautioned parents who are considering buying them for their children. 3M, a

By Michelle Toh and CNN’s Beijing bureau, CNN Business KFC is being accused of causing food waste in China amid recent concerns about food security. The fast food chain came under fire Wednesday from Chinese state media and a national consumer watchdog overseen by the government. They take issue with the company’s new promotion, which