Money

By Paul R. La Monica, CNN Business Wall Street got a double dose of good news to cheer on Friday. The job market rebounded sharply in October following a disappointing September. And Pfizer surged after issuing positive data about its Covid-19 pill. The Dow ended the day up more than 200 points, or 0.6%, and

By Chris Isidore, CNN Business John Deere says it is looking at all options to provide products to its customers, including possibly using strikebreakers or importing equipment from overseas factories it operates. More than 10,000 members of the United Auto Workers union remain on strike at 12 Midwest factories and facilities of the farm and

By Jeanne Sahadi, CNN Business Companies are running the numbers this week as they comb through recently released guidance on how to implement President Biden’s Covid-19 vaccination mandate. According to the guidance released Thursday from the Occupational Health and Safety Administration (OSHA), employers with at least 100 employees must offer workers up to four hours

By Jeanne Sahadi, CNN Business So many factors go into deciding whether to quit your job, but pay is a big one. Even if money isn’t your top priority, it’s important to figure out how much you’re actually getting from your current employer because what you make is more than just your salary or wage.

By Anneken Tappe, CNN Business America’s jobs recovery gathered some steam last month as US employers added 531,000 positions in October. The unemployment rate fell to 4.6%, the lowest level since the economic recovery started in May 2020. The number of jobs added in October easily outpaced economists’ prediction of 450,000 jobs. It marked the

By Paul R. La Monica, CNN Business Shares of drug giant Pfizer surged nearly 11% Friday after the company announced positive test results for an experimental pill it has developed to fight Covid-19. Pfizer said the pill reduced the risk of hospitalization and death for high-risk patients who were part of a trial taking the

By Jordan Valinsky, CNN Business Peloton investors are going to have to take a meditation class (or several) after its latest earnings report that sent its shares plunging by about a third. The once-hot fitness company reported late Thursday that sales of its stationary bikes and treads, which makes up 60% of its business, fell

By Charles Riley and Kevin Liptak, CNN Business The White House has accused OPEC and its allies of putting the global economic recovery at risk by refusing to pump more oil. That sets up a geopolitical showdown that could spark more price swings and prompt the United States to release crude from its strategic reserves.

By Michelle Toh, CNN Business Another Chinese real estate company appears to be at risk of default, escalating fears of further problems in the country’s embattled property sector. Shares of Kaisa Group, a Shenzhen-based developer, were suspended from trading on Friday in Hong Kong. The company’s subsidiaries, which were also halted from trading, cited a

By Vanessa Yurkevich and Chris Isidore, CNN Business Mine workers have been on the picket line outside of two mines owned by Warrior Met Coal in rural Alabama for the last seven months, waging one of the longest US strikes this century. On Thursday they brought that protest to the streets of New York City.

By Anneken Tappe, CNN Business US labor market productivity fell dramatically in the third quarter of the year, dropping to its lowest level in 40 years. That sounds terrible. But there are plenty of reasons it might not be a bad sign for the nation’s economic outlook. To be sure, the recovery stumbled between July