Money

By Charles Riley, CNN Business OPEC and its allies have disregarded calls from US President Joe Biden to do more to tame soaring energy prices that are fueling inflation and hurting vulnerable households. Energy ministers from major oil and gas producers, including Saudi Arabia and Russia, decided during a virtual meeting on Thursday to stick

By Chris Isidore, CNN Business Moderna fell short of profit and sales expectations for the third quarter, and the Covid vaccine maker warned that its full year shipments of the vaccine will not meet its forecasts. Shares of Moderna plunged nearly 20% at their low point of the day Thursday and closed down 18% for

By Jordan Valinsky, CNN Business MGM Resorts is putting the Mirage resort and casino in Las Vegas up for sale, ending a 21-year ownership of one of the strip’s most famous properties. The company made the announcement in its earnings call late Wednesday, explaining to analysts that it doesn’t want to invest more money into

By Anneken Tappe, CNN Business America’s job market recovery hit a roadblock in the late summer and early fall. In recent months, the tally of jobs added to the economy has been disappointingly low. But economists have high hopes that the streak of bad news will end with the October jobs report, which is due

By Blake Ellis and Melanie Hicken, CNN The federal government’s academy for merchant mariners is halting a key training program that sends students thousands of miles away from campus on commercial ships after a 19-year-old student was allegedly raped at sea. The decision by the Department of Transportation, which oversees the US Merchant Marine Academy

By Vanessa Yurkevich, CNN Ford will mandate vaccines for most of its 32,000 US salaried employees, a spokesperson for the company said Wednesday. Those workers have until December 8 to be fully vaccinated. Employees who refuse to do so and do not have an approved religious or medical exemption could be put on unpaid leave

By Allison Morrow, CNN Business It’s official: The Federal Reserve is winding down its aggressive pandemic-era stimulus measures, a process Wall Street nerds call “tapering.” But what, exactly, does that mean? The short answer: Money has essentially been free for the past year and a half, thanks to the Fed’s double-barrel shotgun approach to economic

By Matt McFarland, CNN Business Drivers with Tesla’s “full self-driving” software often don’t know what their cars will do next. Tesla owners have been wowed by their cars’ new abilities, but some say they have also been alarmed and frustrated by the accompanying flaws. One second drivers find themselves praising the cars’ skills; the next

By Anneken Tappe, CNN Business The Federal Reserve has been pushing the economic stimulus pedal to the metal nonstop since March 2020. For the first time since the pandemic erupted on the global stage, it’s easing off the gas. Buying billions of dollars worth of government bonds and other assets each month, the Fed has

Opinion by Adam Connors for CNN Business Perspectives When I first developed a rash and some unusual bruising on my side, I didn’t worry about it too much. I’d been play-fighting pretty vigorously with my children the day before, after all. But my partner insisted I get it checked out, so I dutifully went to

By Brian Stelter, CNN Business Smartmatic, the voting technology company that is suing Fox News, some of its hosts and pro-Trump lawyers Rudy Giuliani and Sidney Powell for defamation, is now adding Newsmax and One America News Network to the list of defendants. Smartmatic’s lawyers filed defamation suits against the two hard-right TV networks on