Money

By Michelle Toh, CNN Business Hong Kong has warned the Wall Street Journal that it may have broken electoral law by “scaremongering” in a recent editorial about the upcoming vote for the city’s legislative council. On Monday, the US newspaper printed a letter from Hong Kong’s Secretary for Constitutional and Mainland Affairs, Erick Tsang, under

By Aaron Cooper, Matt Egan and Chris Isidore, CNN Business All private sector employers in New York City will now be required to implement a Covid-19 vaccine mandate by December 27, the city’s mayor Bill de Blasio announced Monday. This new move, which de Blasio announced Monday on MSNBC, means everyone who works in the

By Chris Isidore, CNN Business Upstart electric vehicle maker Lucid Motors disclosed Monday it has received a subpoena from the SEC, sending its shares plunging 10% in early trading. The company said the probe “appears to concern” the SPAC deal that took it public earlier this year, along with “certain projections and statements.” Lucid raised

By Danielle Wiener-Bronner, CNN Business DoorDash is jumping on the speedy delivery trend. Starting Monday, the company is offering 10- to 15-minute delivery in New York City from a new Dashmart, which stocks groceries, household goods and packaged restaurant products. Customers within the delivery zone will see the new option under a “convenience” tab in

Reuters Canada’s tight labor market is forcing many companies to offer regular Covid-19 testing over vaccine mandates, while others are reversing previously announced inoculation requirements even as Omicron variant cases rise. Canadian Prime Minister Justin Trudeau’s government adopted one of the strictest vaccine policies in the world for civil servants and has already put more

By Ramishah Maruf, CNN Business Better.com CEO Vishal Garg announced the mortgage company is laying off about 9% of its workforce on a Zoom webinar Wednesday abruptly informing the more than 900 employees on the call they were being terminated just before the holidays. “If you’re on this call, you are part of the unlucky

By Chris Isidore, CNN Business Tesla CEO Elon Musk sold a massive stake in his company over the past several weeks. And yet he owns 564,000 more shares than he did at the start of the selling spree. An analysis of his filings shows Musk is not backing away from his holdings in Tesla, despite

By Paul R. La Monica, CNN Business Smaller American companies are getting crushed in the stock market’s recent wild swings. That could be an ominous sign for the economy. The Russell 2000 index, home to companies like Crocs, BJ’s Wholesale and others with an average market valuation of about $3 billion, is now trading more