Money

By Angela Dewan and Julia Horowitz, CNN Business Shell has pulled out of a controversial oil project in Scotland that was strongly opposed by climate activist groups. The company said its decision was based on the economics of the project and the risk of delays, and that it remained committed to its oil and gas

By Chris Isidore, CNN Business Major League Baseball’s string of 26 straight seasons of labor peace came to an end early Thursday when the owners locked out the players. That’s bad news for fans of the sport, even if there isn’t a single game canceled as a result. In the world of labor relations, a

By Matt Egan, CNN Business The worldwide computer chip shortage is fanning the flames of inflation and limiting the supply of everything from iPhones to new cars. Unfortunately, this highly disruptive shortage is unlikely to go away until “deep into 2022,” Commerce Secretary Gina Raimondo told CNN. Raimondo, who recently toured semiconductor factories in Asia,

By Anneken Tappe, CNN Business The stock market’s volatility is showing no signs of letting up. US equities rallied on Thursday, rebounding from the prior two days of steep losses. All three major indexes ended the day in the green and then some: The Dow finished up nearly 620 points, or 1.8%. It was the

By Nathaniel Meyersohn, CNN Business Dollar General has become a retail empire by building small stores in rural towns across America to attract mainly low-income shoppers. Now, the company will expand its push to win wealthier customers in the suburbs using a new store model and name: Popshelf. Dollar General said Thursday it will open

By Frank Pallotta, CNN Business If you went to Major League Baseball’s website on Thursday and felt something was off, you’re not alone. MLB’s website has become a desolate place that lacks any news or images of baseball’s biggest stars. That’s because of the MLB lockout — the ninth work stoppage in baseball history, which

By Jordan Valinsky, CNN Business Burger King’s Whopper is turning 64 years old, and it’s giving the sandwich a price to match. This Friday and Saturday, Burger King will sell its signature sandwich for 37 cents in what it’s calling a “two-day birthday bash.” The promotion will be offered exclusively to members of the chain’s

By Kathryn Vasel, CNN Business Home health provider Interim HealthCare of the Upstate currently has 51 open positions it’s looking to fill. Since September, 17 candidates have canceled their interviews and 20 didn’t even show up. Recruitment and retention tends to be difficult in the home health care industry, but it’s been even tougher over

By Kerry Flynn, CNN Business BuzzFeed, the digital media company most known for its lists, quizzes and journalism, is going public and its debut on the Nasdaq will serve as a bellwether for the rest of the media industry’s financial futures. Shareholders of 890 Fifth Avenue Partners, a special purpose acquisition company, approved a merger

By Matt Egan Congress is flirting with a shutdown that would cost the US economy $1.8 billion for each week the government is closed, according to estimates by S&P Global Ratings. “The shutdown, if it’s brief, wouldn’t be a disaster, but would still reduce some of the economic gains the US has felt from the