Money

By Hanna Ziady, CNN Business The French government has ordered staff at an ExxonMobil refinery to return to work, taking the extraordinary measure after a weeks-long strike led to fuel shortages, with drivers lining up for miles to refill their tanks. The energy ministry said in a statement on Wednesday that it was requisitioning staff

By Chris Isidore, CNN Business A key measure of inflation increased faster than expected in September, raising concerns that the Federal Reserve’s aggressive rate hikes are having limited impact in bringing inflation under control. The US Producer Price Index, which tracks what America’s producers get paid for their goods and services, rose at an annual

By Parija Kavilanz, CNN Business Let’s admit it: Adults have basically been dressing like kids these past two years — opting for comfy PJs, sweats, joggers, shorts and T-shirts for sleeping, lounging and yes, working. Recognizing that all-day “casual comfort” is now an acceptable sartorial standard, even for adults, kids’ clothing seller The Children’s Place

By Jordan Valinsky, CNN Business Subway says its most extensive menu makeover in the company’s nearly 60-year history is paying off. Sales at stores open at least a year rose 8.4% in the third quarter, the privately held company announced Wednesday. For the past 18 months, Subway said it had “record-setting sales” across its roughly

By Jordan Valinsky, CNN Business Starbucks customers can now earn more than just “stars” for their purchases. Beginning Wednesday, the coffee chain is partnering with Delta Air Lines and awarding 1 mile for every $1 spent at Starbucks in an alliance between “two of America’s most highly regarded loyalty programs,” the companies said in a

By Nicole Goodkind, CNN Business A closely watched measure of inflation in the United States is expected to tick higher in September even as the Federal Reserve moves to fight rising prices at its most aggressive pace in decades. Wall Street is worried that yet another high reading on the Consumer Price Index will prompt

By Natasha Bertrand and Jessie Yeung, CNN Tesla CEO Elon Musk has denied a claim that he spoke directly to Russian President Vladimir Putin in recent weeks about the war in Ukraine and a proposed “peace plan” to end the conflict. Speaking to CNN on Tuesday, American political scientist Ian Bremmer, president of political consulting

By Matt Egan, CNN OPEC and its allies have defended their decision to slash oil production by arguing they are trying to prepare for a potential economic downturn that would hurt energy demand. Connecticut Democratic Sen. Richard Blumenthal isn’t buying that argument from Saudi Arabia-led OPEC and is leading the push to punish the kingdom.

By Vanessa Yurkevich, CNN The Biden administration is proposing a new labor rule that could classify millions of gig workers as employees — a move that would challenge the low-cost labor models behind Silicon Valley heavyweights such as Uber, Lyft and DoorDash. The proposed rule announced by the Labor Department on Tuesday aims to broaden