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Opinion by Tom Stalnaker, Khalid Usman and Andrew Buchanan for CNN Business Perspectives After two years of enduring masks, social distancing and quarantines, there’s not much that can come between consumers and their summer vacations this year. Outbreaks of Covid-19 no longer seem to stop them from traveling — and based on recent demand for

By Paul R. La Monica, CNN Business The red-hot housing market is starting to show signs of cooling off. Prices have spiked to levels unaffordable for many prospective buyers, and mortgage rates have jumped following the Federal Reserve’s rate hikes and a surge in bond yields. But will the housing slowdown hurt the broader economy

by Matt Egan, CNN Corporate America is frustrated with the Federal Reserve for waiting too long to attack inflation, according to former Trump economic adviser Gary Cohn. Cohn, who is frequently in touch with CEOs, told CNN that businesses have been experiencing wage inflation and surging input costs for more than a year. “I think

by Chris Isidore Tesla is moving ahead with plans to layoff about 10% of its salaried staff, CEO Elon Musk said Tuesday. But he also expects the company’s overall workforce will be larger a year from now than it is today. Musk has been sending out conflicting signals on his staffing plans for the last

Lucy Bayly, CNN Business Federal Reserve Chairman Jerome Powell wants to increase joblessness in the US in order to save the economy. But Beyoncé may beat him to it. The multi-hyphenate artist’s latest single, “Break My Soul,” which dropped late Monday, begs listeners to “release” themselves from their 9-5, saying “I just quit my job,

By Frank Pallotta, CNN Business “How was your weekend? I certainly had an interesting one because some of my staff had a memorable one.” That’s how Stephen Colbert opened his monologue Monday after members of his “Late Show” production team were arrested last week at the US Capitol. “This was first-degree puppetry,” Colbert said. Colbert

By Kathryn Vasel, CNN Business You’re in the middle of a job interview, a question comes your way and you’ve got… nothing. It happens. Even if you’ve prepared for hours, a question can come out of the blue and leave you stumped. But you don’t want to let one fumble derail your entire interview. Here’s

By Chris Isidore, CNN Business One of Elon Musk’s children has petitioned a California court to recognize her new name and gender, saying she no longer wishes to be related to her famous and wealthy father “in any way, shape or form.” Musk’s daughter turned 18 earlier this year and made the filing with a

By Nicole Goodkind, CNN Business US stocks roared back Tuesday in the first day of trading since last week’s selloff. The Dow closed up 641 points, or 2.1%, and was up over 700 points in afternoon trading. The S&P 500 was up 2.5% and the Nasdaq was also 2.5% higher. Last week was the market’s

By Peter Valdes-Dapena, CNN Business General Motors’ electric delivery van subsidiary, BrightDrop, has delivered 150 vans to FedEx, the companies announced Tuesday. This comes after five of the vans were delivered to FedEx last December and it marks BrightDrop’s first sizable delivery of vans. FedEx and GM had previously announced deals for the package delivery