By Jennifer Korn The Metropolitan Transportation Authority, which is responsible for managing the New York City region’s public transit, announced that there will be fewer trains running this week due to the Covid-19 surge in New York. The schedule change for Monday to Thursday comes from a shortage of workers due to Covid-19. “By reducing
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By Anna Bahney, CNN Business The US housing market has had a white hot year. Home sales are on track to reach the highest level in 15 years, with an estimated 6 million homes sold in 2021. But whether you benefited from this surge depended a lot on if you were selling a home or
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By Jordan Valinsky, CNN Business Over the Christmas weekend, flying was a miserable experience for millions of travelers, as airlines canceled or delayed thousands of flights. The problems continued Monday, with nearly 900 flights canceled within, into or out of the United States, according to FlightAware. More than 1,600 flights are delayed. The troubles come
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By Reuters Spirit Airlines flight attendants are receiving double pay on any work through January 4, their union said, as the budget carrier scrambles to keep its schedules intact after U.S. airlines were hammered by a week of mass cancellations. The holiday season has been marred by delayed or canceled flights, causing chaos at most
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By Chris Liakos and Sonnet Swire, CNN Business More than 2,800 flights have been canceled Monday as Covid cases surge across the globe. Of the more than 2,800 canceled flights, around 1,000 were within, into or out of the United States, according to FlightAware. Almost 11,000 flights are delayed. Globally, airlines canceled more than 6,000
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By Diksha Madhok and Jill Disis, CNN Business Chinese tech stocks got a big boost in Hong Kong on the last day of the year, but it’s far from enough to make up for what has been a historically tumultuous time for the sector. Shares in tech and internet giants Alibaba, Baidu and Bilibili —
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By Jill Disis, CNN Business China is planning to tighten restrictions for Chinese companies that want to list overseas. And while Beijing won’t ban them from trading abroad altogether, life might be getting a lot tougher for firms hoping to score more foreign investment. China’s securities regulator proposed late Friday that any firm that wants
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By Michelle Toh, CNN Business Dipali Roy couldn’t afford to eat. She and her husband, Pradip Roy, were garment workers in Bangladesh when the Covid-19 pandemic hit last spring, leading to mass layoffs at their factory. Like millions of people around the world, both lost their jobs in the capital city of Dhaka, where they
Continue Reading By Michelle Toh, CNN Business Dipali Roy couldn’t afford to eat. She and her husband, Pradip Roy, were garment workers in Bangladesh when the Covid-19 pandemic hit last spring, leading to mass layoffs at their factory. Like millions of people around the world, both lost their jobs in the capital city of Dhaka, where they
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By Chris Isidore, CNN Business Finding the next Tesla among electric vehicle stocks is proving to be difficult. A number of upstart electric vehicle makers’ stock prices soared in recent years, as investors looked for the next company to shake up the car market. But all have struggled recently — as has Tesla itself. Lucid,
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By Peter Valdes-Dapena, CNN Business The great American pickup truck has been basically one thing for quite awhile now: a big — and always getting bigger — gas- or diesel-powered lane-hogging beast with a big open bed. Trucks like the Ford F-150 and GMC Sierra have gotten more comfortable with added luxury options like heated
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By Paul R. La Monica, CNN Business The Covid-19 pandemic is far from over. But life in many ways has returned to something resembling normal for many. That’s in large part because there are now multiple coronavirus vaccines, including one from Pfizer. And that’s one of the main reasons CNN Business has named Pfizer CEO
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By Reuters A New York state judge on Friday ordered the New York Times to return internal documents to the conservative activist group Project Veritas, a restriction the newspaper said violates decades of First Amendment protections. In an unusual written ruling, Justice Charles Wood of the Westchester County Supreme Court directed the New York Times
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By Pete Muntean, CNN Business Major US airlines canceled hundreds more flights Sunday, the third day in a row of mass cancellations and delays over Christmas weekend, as staff and crew call out sick amid the Omicron surge. More than 1,200 US flights were canceled and more than 5,000 were delayed Sunday, according to FlightAware.
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By Anneken Tappe and Allison Morrow, CNN Business Twenty-one months into the pandemic, America is no longer struggling with an astronomically high unemployment rate. Instead, it’s big problem remains a shortage of workers. That makes it hard for businesses to keep up with rampant demand. Economists worry how long it will take for people on
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By Matt Egan, CNN Business Thousands of flights canceled. Back-to-the-office plans shelved. College football bowl games and Broadway shows called off. Shuttered Apple stores in New York City. Covid is once again causing mayhem in the economy. The disruption is different this time, though. Vaccines and boosters are widely available, symptoms from Omicron appear to
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By Nathaniel Meyersohn, CNN Business Editor’s note: A previous version of this report said Fight for $15 advocate Deatric Edie was currently a manager at a McDonald’s restaurant in Hollywood, Florida, and that she was worried that the restaurant was not prioritizing safety. CNN Business was not able to independently verify that Edie was a
Continue Reading By Pete Muntean, CNN Business Major US airlines canceled hundreds more flights Sunday, the third day in a row of mass cancellations and delays over Christmas weekend, as staff and crew call out sick amid the Omicron surge. More than 1,200 US flights were canceled and more than 5,000 were delayed Sunday, according to FlightAware.
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By Sara Ashley O’Brien, CNN Business Elizabeth Holmes’ fate in her criminal fraud trial will not be decided before Christmas as the jury failed to reach a verdict in its first week of deliberations. After more than 20 hours of deliberating across three days this week, the jury of eight men and four women concluded
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By Chris Isidore, CNN Business The blast at a Texas oil refinery early Thursday will probably push already high gasoline prices even higher — although not immediately. The blast and resulting fire at the ExxonMobil plant in the Houston-area city of Baytown, Texas, injured at least four workers. The accident could hamper output at one
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