Money

Opinion by Dana Peterson for CNN Business Perspectives Home prices have surged during the pandemic, leaving many to believe we’re either in a housing bubble or heading toward one. The good news, however, is that the United States is not about to repeat the 2005-07 housing boom and bust, which led to the Great Recession.

By Danielle Wiener-Bronner, CNN Business If you’ve had a sip of Coke Zero Sugar recently and thought that it tastes a little different, you’re not crazy. The company is rolling out across the United States a new version of the beverage designed to taste more like regular Coke. Maybe you like the new flavor. Maybe

By Gregory Wallace and Chris Isidore, CNN Business United Airlines will join the growing list of companies that are requiring employees get vaccinated against Covid-19, the first major US airline to implement such a mandate. A United executive said it was not considering a similar rule for passengers, and that any such requirement would be

By Charles Riley and Hanna Ziady, CNN Business It’s been roughly 18 months since the coronavirus pandemic started wreaking havoc on the US economy. The labor market is a long way from making a complete recovery. One big problem: Millions of open jobs are going unfilled, despite high levels of unemployment. Companies had 9.2 million

By Anneken Tappe, CNN Business The US economy added 943,000 jobs in July and the unemployment rate fell to 5.4% — a new low of the pandemic era — the Bureau of Labor Statistics reported Friday. It was the biggest job gain since August last year, when more than 1 million positions were added back,

By Michelle Toh, CNN Business An e-commerce company has just pulled off Indonesia’s biggest initial public offering ever. It’s the latest sign that Southeast Asia’s startup community is taking off. Jakarta-based Bukalapak began trading on the Indonesian Stock Exchange on Friday after raising about $1.5 billion. That’s the largest on record for that exchange, according

By Laura He, CNN Business Chinese internet and media regulators are pledging to come down hard on “unhealthy” online fan groups as supporters of pop star Kris Wu took to social media to vehemently defend him against allegations of rape. The Central Commission for Discipline Inspection — the ruling Chinese Communist Party’s disciplinary watchdog —

By Brian Stelter, CNN Business A newspaper’s front page is designed to get your attention — sometimes more so than usual. USA Today’s weekend edition, publishing Friday, is unusual. Its banner front page headline says, “We are failing one another.” The newspaper describes “America’s fourth Covid-19 surge,” noting this “didn’t have to happen,” since vaccinations

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