Money

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

By Sana Noor Haq, CNN Business As people around the world begin to celebrate Diwali, Google is commemorating the event with a special Easter egg. When users type in the word “Diwali” on the search engine, an animation of a miniature oil lamp — known as a diya — appears on the page. Once users

By Jordan Valinsky, CNN Business Twitter suspended Newsmax White House correspondent Emerald Robinson for posting blatant misinformation about the Covid-19 vaccine, including claims the shots contain tracking devices linked to the devil. “Dear Christians: the vaccines contain a bioluminescent marker called LUCIFERASE so that you can be tracked. Read the last book of the New

By Jordan Valinsky, CNN Business Sports fans who can’t get enough of watching legendary games of the past are in for a disappointment: ESPN Classic is shutting down early next year. The 26-year-old channel will cease operation on January 1, 2022, a Disney spokesperson confirmed. ESPN Classic is currently available in just 2 million homes,

By Allison Morrow, CNN Business Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. HOUSE FLOP Zillow shares fell more than 20% Wednesday on the news that it’s pulling the plug on its house-flipping business and laying off a quarter

Opinion by Gad Levanon for CNN Business Perspectives After enhanced unemployment benefits expired and schools re-opened in person, many expected workers to go back to work and the nation’s labor shortage to ease significantly by September. But recent data suggest that, if anything, the shortage is getting more severe. And though the risk of a

By Sana Noor Haq, CNN Business Tastykake cupcakes sold by US retailers including Target and Walmart are being recalled over concerns they might contain tiny fragments of metal mesh wire. Flowers Foods is withdrawing its Tastykake multi-pack cupcakes as a “precautionary measure,” the US Food and Drug Administration said in a statement. The company decided

By Nathaniel Meyersohn and Danielle Wiener-Bronner, CNN Get ready to pay even more for the fun stuff in your grocery cart. Top snack makers Kraft Heinz and Mondelez say they will hike prices for retail customers on varieties of Kraft Mac & Cheese, Jell-O, Bagel Bites, Cool Whip, Toblerone, Sour Patch Kids and other items

By Julia Horowitz, CNN Business For about 20 months, central banks have funneled an unprecedented amount of cash into the financial system, aiming to limit the worst effects of the Covid-19 pandemic on the economy. Now, with an eye on inflation, they’re changing course — with big ramifications for stocks and bonds. What’s happening: The

By Charles Riley, CNN Business OPEC and its allies have disregarded calls from US President Joe Biden to do more to tame soaring energy prices that are fueling inflation and hurting vulnerable households. Energy ministers from major oil and gas producers, including Saudi Arabia and Russia, decided during a virtual meeting on Thursday to stick

By Chris Isidore, CNN Business Moderna fell short of profit and sales expectations for the third quarter, and the Covid vaccine maker warned that its full year shipments of the vaccine will not meet its forecasts. Shares of Moderna plunged nearly 20% at their low point of the day Thursday and closed down 18% for

By Jordan Valinsky, CNN Business MGM Resorts is putting the Mirage resort and casino in Las Vegas up for sale, ending a 21-year ownership of one of the strip’s most famous properties. The company made the announcement in its earnings call late Wednesday, explaining to analysts that it doesn’t want to invest more money into

By Anneken Tappe, CNN Business America’s job market recovery hit a roadblock in the late summer and early fall. In recent months, the tally of jobs added to the economy has been disappointingly low. But economists have high hopes that the streak of bad news will end with the October jobs report, which is due