Money

By Anneken Tappe, CNN Business Wall Street is going to cling to every word spoken this week at the nerdiest of economic nerdfests. The Federal Reserve will divulge its thinking about the next months and years’ worth of monetary policy at Friday’s virtual Jackson Hole Symposium. For analysts, the annual resort hangout for central bankers

By Vanessa Yurkevich, CNN Seventeen years ago, when Adriana Nichols moved from New York City to Los Angeles, she had a simple wish list: natural light (her New York studio apartment was dark), a yard and quiet neighbors. She managed to check everything off that list — and has spent nearly two decades living in

By Peter Valdes-Dapena, CNN Business Face masks are required again in major US auto factories and, according to Ford CEO Jim Farley, that has some workers deciding not to show up for work. In some factories, absentee rates can exceed 20%, he said in an interview with CNN Business. “When a fifth of your workforce

By Matt Egan, CNN Business The campaign arm of House Republicans launched an ad blitz Wednesday that blames Democrats for rising prices on back-to-school supplies. The National Republican Congressional Committee ads are part of a six-figure campaign that seeks to link anger over inflation with the bold policy agenda of Democrats. The back-to-school ads, first

By Julia Horowitz, CNN Business The reopening of the world’s third busiest container port in China is great news for global trade. What’s happening: The Meishan terminal at the Ningbo-Zhoushan Port in eastern China resumed operations Wednesday, ending a two-week long suspension after a dock worker tested positive for Covid-19. The closure was stressing tangled

By Jazmin Goodwin, CNN Business Preparing for a baby doesn’t just stop at picking the name or setting up the nursery. It also requires a lot of financial planning. The estimated cost for raising a child from birth to age 17 is an average of $233,610, or $12,189 a year, for a middle-income family (with

By Michelle Toh and CNN’s Beijing bureau, CNN Business One coronavirus case was all it took to shut down a critical part of the world’s third busiest container port. Now, the Meishan terminal at the Ningbo-Zhoushan Port in eastern China is back up and running, according to the state-owned company that manages the port. Operations

By Paul R. La Monica, CNN Business The SPAC party on Wall Street is flaming out about as fast as it began. Increased scrutiny on the accounting methods used by special purpose acquisition companies, along with a series of PR headaches involving high-profile deals, threaten to stop the so-called blank check fad in its tracks.

By Jordan Valinsky, CNN Business Krispy Kreme is doubling down on its popular free doughnut promotion for customers vaccinated against Covid-19. Beginning August 30, the chain is giving anyone with vaccination proof two free doughnuts every day until September 5. The promotion comes following the US Food and Drug Administration’s full approval of the Pfizer/BioNTech

By Brian Stelter, CNN Business MSNBC’s evening lineup will look very different one year from now. The weeknight edition of “The Rachel Maddow Show” will come to an end sometime next year, according to multiple sources with knowledge of her new contract with MSNBC’s parent company NBCUniversal. So MSNBC management needs a new plan for

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. COME AGAIN? The most consequential vaccine in our lifetimes has received full FDA approval, and with it, a new brand name. Everyone please take note of

By Matt Egan, CNN Business The World Bank announced Tuesday it is halting financial support to Afghanistan amid worries about the fate of women under Taliban rule. The news deals another blow to an Afghan economy that relies heavily on foreign aid and is facing the specter of rising food prices. “We are deeply concerned

By Kerry Flynn, CNN Business Gawker’s vote to unionize in 2015 has often been cited as a bellwether event for labor organizing in digital media. A rush of digital media brands quickly followed suit. With the help of the Writers Guild of America, East — the influential labor union that represents film, TV, radio and

By Anneken Tappe and Nathaniel Meyersohn, CNN Business Is the Delta variant hurting the economy? It depends on who you ask. A handful of businesses over the past several weeks have said customers are closing their purses. Consumer confidence fell through the floor, and retail sales sank. Yikes, right? Well, maybe not. Job growth remains