Money

By Peter Valdes-Dapena, CNN Business Mercedes gave details on a number of new electric cars ahead of next week’s Munich transportation show. They include two SUV concepts -— one a rugged off-roader and the other an opulent ultra-luxury model — as well as a high-performance sedan. The Mercedes-Benz EQG concept SUV is an all-electric interpretation

By Alexis Benveniste, CNN Business The Labor Day holiday bookmarks the end of summer and the beginning of fall, but above all, it celebrates working Americans and the US labor movement. If you have the day off, you might be curious about what’s open and what’s closed since many businesses shut down to observe the

By Julia Horowitz, CNN Business Plenty of ink was spilled earlier this year when investors, hobbyists and art enthusiasts started frantically buying up non-fungible tokens, or NFTs, in another crypto world craze. Breaking it down: NFTs transform digital works of art and other collectibles into one-of-a-kind, verifiable assets that are easy to trade on the

By Matt McFarland, CNN Business GoDaddy took down a website that allowed people to post tips about possible Texas abortions, in the latest example of businesses pushing back against the state’s new law. A Texas law that bans abortion providers from carrying out terminations after fetal cardiac activity is detected, which is typically about six

By Chauncey Alcorn, CNN Business Kraft Heinz and two of its former high-ranking executives settled charges with the Securities Exchange Commission, which found the company engaged in a “years-long accounting scheme” involving falsified supplier contracts. The SEC announced the formal charges and the settlement on Friday after a long-running regulatory investigation that Kraft disclosed in

By Paul R. La Monica, CNN Business The August jobs report was a massive disappointment, with Corporate America hiring far fewer people than expected. But investors largely shrugged off the weaker jobs gains. Stocks were mostly unchanged Friday and remained near all-time highs. The S&P 500 was flat while the Nasdaq rose slightly. Both held

By Paul R. La Monica, CNN Business Here’s another sign that workers are able to command more pay in this Covid-driven economy: Walmart, one of the nation’s largest employers, is giving more than 565,000 workers a raise. Walmart US President and CEO John Furner said in a memo to employees obtained by CNN Business that

By Anneken Tappe, CNN Business America’s jobs recovery hit a major roadblock in August as the Delta variant threatened the labor market recovery, and the US economy added far fewer jobs than expected. Only 235,000 jobs were added back to the economy last month, the lowest number since January, vastly missing economists’ expectations. “Delta is

By Chris Isidore, CNN Business General Motors will shut production at most of its North American plants for a week or two starting next week as the worsening chip shortage takes another bite out of its plans. GM and other automakers had hoped the chip shortage would be mostly behind them by now. But the

By Julia Horowitz, CNN Business All eyes are on the US jobs report for August, due Friday, as the Federal Reserve weighs when to start pulling back support for the economy. What’s happening: Economists polled by Refinitiv predict that 728,000 jobs were added last month. We’ll find out shortly if they’re correct. If that many