Money

By Anna Bahney, CNN Business Zillow is getting out of the iBuying business and will shut down its Zillow Offers division, resulting in a 25% reduction in its staff. In its quarterly earnings report on Tuesday, the company said it will see a total write-down of more than $540 million as a result of its

By Paul R. La Monica, CNN Business The Dow Jones Industrial Average closed above the 36,000 mark for the first time Tuesday following a gain of about 140 points, or 0.4%. On Monday it had briefly risen above 36,000 but didn’t end the day there. Investors had to wait only a little more than three

By Danielle Wiener-Bronner, CNN Business It’s harder than you might think to deliver french fries that aren’t too crispy or soggy. Just ask the burger chain White Castle. Timing is key: Fries need to be in oil for the right amount of time. But employees in fast food restaurants are often subject to a flurry

By Frank Pallotta, CNN Business Quentin Tarantino is getting into NFTs. The two-time Academy Award-winning director and screenwriter announced Tuesday that he will sell NFTs of seven original scenes from “Pulp Fiction,” arguably his most famous film. Tarantino will auction the never-before-seen clips as “Secret NFTs,” which will be built on Secret Network — a

By Brian Stelter, CNN Business The Justice Department is suing to block Penguin Random House’s proposed acquisition of Simon & Schuster, arguing that the combination of the two book business giants “would likely harm competition in the publishing industry.” Tuesday’s complaint in United States District Court is one of the first major antitrust actions by

By Kathryn Vasel, CNN Business You shouldn’t be the only one answering questions during a job interview. While you want to showcase why you are the best candidate for the position, you also want to learn as much as you can about what it’s really like to work there. And that means going beyond benefits

By Chris Isidore, CNN Business When Hertz announced plans to buy 100,000 Teslas last week — the largest-ever single order for electric vehicles — it was hailed as a breakthrough moment for the shift to EVs. But maybe it wasn’t. Or maybe it still is. The “order” was thrown into doubt late Monday by —

By Paul R. La Monica, CNN Business Avis Budget investors didn’t really need to try harder to make any money from the stock on Tuesday. The rental car company’s shares more than doubled after Avis Budget reported strong earnings Monday evening that easily topped Wall Street’s forecasts. The stock was up as much as 218%

By Jordan Valinsky, CNN Business Amazon is lifting a mask mandate for fully vaccinated warehouse workers beginning Tuesday. Vaccinated Amazon workers will no longer have to wear a face covering in the warehouse unless a federal, state or local law requires it. In a statement, Amazon said it continues to evaluate Covid-19 safety measures and

Opinion by Karin Kimbrough for CNN Business Perspectives The US is experiencing a historically tight labor market. The speed of the current recovery is far outpacing the last recession, and the supply of available jobs is still well above the demand from job seekers. Open roles posted on LinkedIn have nearly doubled since the beginning

By Moira Ritter, CNN Business The director of the United Nations’ World Food Programme is still pleading with the world’s richest individuals to help in the fight against the world hunger crisis. On CNN’s “New Day” Tuesday, UN Food Programme Director David Beasley acknowledged the controversy he found himself in last week when he chastised