Money

By Paul R. La Monica, CNN Business Wages are going up. That’s great news for workers. But some smaller companies may struggle to absorb higher labor costs. The Russell 2000, an index of small cap American firms, has fallen about 2.5% in the past month while the Dow and S&P 500, home to giants such

By Amy Sood Vismaya Nair had been married for just over one year when she was found dead in the bathroom of her husband’s family’s home in India’s southwestern Kerala state. Initially, police had no reason to view the 24-year-old student’s death on June 21 as suspicious, until her family made a complaint under the

By: Moira Ritter, CNN Business The once-tiny cottage industry of van conversion companies has found itself in the center of a distinctively pandemic-era dilemma: ravenous demand and monthslong backorders on virtually all supplies. The #vanlife movement was already in full swing before the pandemic, fueled by envy-inducing posts on Instagram and DIY van conversion videos

By Jordan Valinsky, CNN Business Tacos, coffee, cars, jet fuel. computer chips, Nike shoes and school supplies: What do they all have in common? They’re all (nearly) impossible to find — or getting there. Shortages are popping up across the supply chain as the pandemic messes with shipping, demand, supply and all the other levers

By Brian Lowry and Frank Pallotta, CNN Like other changes to entertainment distribution through the years, the studio shift toward streaming — hastened by the unforeseen consequences of the pandemic — has Hollywood talent and their representatives demanding a different way to be paid. Scarlett Johansson’s lawsuit against Disney over the simultaneous streaming release of

By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. The White House is frustrated with what it views as alarmist, and in some instances flat-out misleading, news coverage about the Delta variant. That’s according to two senior Biden administration

By Parija Kavilanz, CNN Business Get ready to wait months, maybe even into 2022, for that new sofa to arrive at your doorstep. Delays on furniture deliveries have already been frustrating during the pandemic, and they’re about to get much worse. The newest problem for furniture sellers is the increase in spread of Covid-19 and

By Paul R. La Monica, CNN Business The Securities and Exchange Commission has told its staff to ask for more disclosures from Chinese companies seeking to go public in the United States before it will approve any plans for them to sell shares. The announcement Friday, first reported by Reuters, shows regulators are taking a

By Moira Ritter, CNN Business Disney and Walmart, two of America’s largest employers, announced Friday that they are requiring employees be vaccinated. Disney is requiring all its salaried and non-union hourly employees in the US to be vaccinated. Workers who are working on-site but are not yet vaccinated must do so within the next 60

By Anneken Tappe, CNN Business A key measure of inflation showed price increases slowing down in June, while Americans’ incomes and spending rose — signaling better-than-expected momentum in the economic recovery. Even though prices continued to climb, albeit at a slower pace than expected, it didn’t weigh on American spending, the Bureau of Economic Analysis

Opinion by Benny Buller for CNN Business Perspectives This past spring, I established a rule requiring all 150 of my employees to be fully vaccinated against Covid, regardless of where they are working. Although our employees have been allowed to continue working from home, all of them need to be able to attend a meeting

By Anna Bahney Ronald Leonard expects the sheriff to arrive at the door of his Daytona Beach, Florida, home any day after the federal ban on evictions expires on Saturday. “I’m kind of a wreck,” said Leonard, a retiree who lives on a fixed income. “If I end up on the street, I’ll never survive.”

By Michael Ballaban, CNN Business A truck with the doors duct-taped on. Ford pickups masquerading as something else. The head of a company running to google whether or not the thing he had just promised inventors was even physically possible. These are some of the wildest allegations from charging documents filed this morning against Trevor

By Julia Horowitz, CNN Business As the global economic recovery from the pandemic gathers steam, big businesses are grappling with a formidable problem: What to do about rising prices? What’s happening: On earnings calls across time zones, corporate executives are lamenting the impact of inflation, pointing to higher costs for parts and materials, transportation and