Money

By Matt Egan, CNN Business The United States could be just weeks away from defaulting on its debt for the first time ever. The $28.4 trillion debt limit was reinstated August 1. Since then, Treasury Secretary Janet Yellen has been keeping the nation’s finances afloat by using emergency accounting maneuvers. Known as “extraordinary measures,” these

By Sara Spary, CNN Business Large UK companies are required to reveal their gender pay gaps. But the rules are failing to address inequality, according to a new report. The research, by the Global Institute for Women’s Leadership at King’s College London and the Fawcett Society, concludes that the UK’s mandatory gender pay gap reporting,

By Anneken Tappe, CNN Business Bitcoin is among the most polarizing investments in history. Ask a skeptic, and they’ll tell you it’s a bubble that’s about to pop. Ask a believer, and they’ll tell you it’s a bubble that will keep expanding forever. Mike Novogratz, founder and CEO of crypto fund Galaxy Digital, is among

By Anneken Tappe, CNN Business Wall Street logged its worst month of the year in September, and also ended its final trading day of the quarter in the red. Stocks have been extremely choppy in September, as investors grappled with an abundance of issues: high inflation expectations, rising bond yields, the pace of the economic

By Chris Isidore, CNN Business Macy’s flagship store on 34th Street in Manhattan — arguably the most nation’s most prominent department store — is under fresh assault from Amazon, which reportedly wants to advertise on the massive billboard adjacent to the store. And Macy’s is fighting back, going to court to argue the company would

By Nathaniel Meyersohn, CNN Business Have an instant craving for a bag of chips or ice cream and don’t want to run out to the store? A new breed of startups in the United States is trying to deliver to customers with the munchies in as little as 10 minutes. Companies such as Gopuff, Gorillas,

By Nathaniel Meyersohn, CNN Business Amazon has reached a settlement with two former employees who claimed they were illegally fired after speaking out against the company. Two former Amazon corporate workers, Emily Cunningham and Maren Costa, said that Amazon fired them last year after they organized workers around climate action and warehouse conditions during the

By Anna Bahney, CNN Business The days of rent discounts and “pandemic pricing” are over as rents across the US climb back up. The national median rent rose to $1,302 in September, up 15% from a year ago, according to a report from Apartment List, a rental listing site. After falling for much of 2020,

By Jordan Valinsky, CNN Business Shares of Bed Bath & Beyond plunged nearly 30% in early trading Thursday after the retailer revealed that foot traffic “slowed significantly” in August, pummeling its second-quarter earnings. CEO Mark Tritton said in a release that the chain’s sales were solid in June, but then nosedived in the following two