Money

By Paul R. La Monica, CNN Business If you’re an investor who knows your market history, you might be tempted to tune out for a bit and start singing Green Day’s “Wake Me Up When September Ends.” The ninth month is traditionally the worst of the year for stocks. The market was up slightly Wednesday

By Matt Egan, CNN Business Widespread and growing gas station outages are being reported in New Orleans and Baton Rouge, adding to the misery facing Louisiana residents following Hurricane Ida. As of 7 am CT on Wednesday, more than half of the gas stations in Baton Rouge (52.7%) and New Orleans (52.3%) were without fuel,

By Brian Stelter, CNN Business Julie Pace, the political reporter turned Washington bureau chief at The Associated Press, is the news agency’s new executive editor. Pace, 39, is succeeding Sally Buzbee, who departed the AP last spring for The Washington Post. She is starting in the new role immediately. “We have great opportunities ahead to

By Amy Woodyatt, CNN Business UK media regulator Ofcom has cleared TV host Piers Morgan of breaching British broadcasting rules with his criticism of Meghan, Duchess of Sussex, rejecting more than 50,000 complaints from viewers. In a March 8 edition of ITV’s “Good Morning Britain” show, Morgan questioned whether Meghan was being truthful about having

By Chris Isidore and Nathaniel Meyersohn, CNN Business Walmart is looking to hire 20,000 workers for its distribution and fulfillment centers, trying to fill some of the most high-demand jobs in retail as the pandemic continues to disrupt the global supply chain. Walmart said the positions it is filling are permanent jobs — not just

By Julia Horowitz, CNN Business There are a number of reasons for global investors to be keeping close watch on China, from signs its economy is slowing to Beijing’s disruptive crackdown on private business. But the list doesn’t end there. What’s happening: Evergrande, one of China’s largest property developers, is in dire straits. It warned

By Laura He, CNN Business Heavyweight global investment firms are sticking with China despite a sweeping crackdown on business by the ruling Communist Party that has wiped $3 trillion off the market value of the country’s biggest companies. Even as authorities rip up the status quo for tech, education and other private enterprise, drawing comparisons

By Matt Egan, CNN Business A large chunk of gas stations in Louisiana cities don’t have fuel in the aftermath of Hurricane Ida, according to outage figures compiled by GasBuddy. As of 3:30 pm Central Time, 35.2% of the gas stations in Baton Rouge didn’t have fuel, according to GasBuddy, an app that tracks fuel

By Chauncey Alcorn, CNN Business Pearl Milling Company unveiled a new ad campaign this week to remind pancake and syrup lovers that although the brand changed its name from Aunt Jemima earlier this year, it still tastes the same. The only mention of the old brand in the new brand’s commercials is a brief fine-print

By Kerry Flynn, CNN Business Mike Richards is out as executive producer of “Jeopardy!” and “Wheel of Fortune,” Sony, the company behind the two shows, announced Tuesday. The news comes after a turbulent past month for “Jeopardy!” in which Richards was first named its new host and then stepped down about a week later amid

By Paul R. La Monica, CNN Business Investors may still be nervous about the Delta variant and Afghanistan. But Federal Reserve Chair Jerome Powell eased many worriers on Friday when he signaled that the central bank is not going to hit the panic button anytime soon over inflation concerns. Wall Street sentiment has improved dramatically