Money

By Laura He, CNN Business China has ordered its coal mines to ramp up production in a bid to ease a power crisis, as the country struggles to balance its need for electricity with efforts to tackle the climate crisis. Authorities in Inner Mongolia, China’s second largest coal-producing province, have asked 72 mines to boost

By Anneken Tappe, CNN Business America’s economic recovery has hit a roadblock: US employers added only 194,000 jobs in September, another troubling sign that Covid is disrupting the economy. It marked the second-straight month in which the US economy added far fewer jobs than expected. Jobs growth slowed down dramatically in August. The unemployment rate

By Rob Picheta, CNN The Nobel Peace Prize has been awarded to journalists Maria Ressa and Dmitry Muratov, for their longstanding efforts to safeguard freedom of expression in the Philippines and Russia. Ressa is the CEO of Rappler, a news outlet critical of Philippine President Rodrigo Duterte’s regime, while Muratov heads the independent Russian newspaper

By Frank Pallotta, CNN Business One month into the 2021 season, the NFL’s viewership is up around 17% compared to this time last year. The league is attracting an average of roughly 17 million viewers across its various network partners, according to Nielsen data. Those numbers are not only pretty good, but also represent a

By Parija Kavilanz, CNN Business Levi’s says it could take a while before consumers are ready to toss aside a pair of comfy baggy jeans for dressier clothing. “The casualization trends that have been accelerated by the pandemic globally are here to stay, and the denim cycle we started pre-pandemic is continuing to drive growth,”

By Paul R. La Monica, CNN Business Charlie Munger, the 97-year old vice chairman of Warren Buffett’s Berkshire Hathaway, has long been bullish on China’s economy. Now, Munger is putting more of his own firm’s money into one of China’s most well-known stocks: Alibaba. Munger’s newspaper publisher and investment firm Daily Journal revealed in a

By Hanna Ziady, CNN Business The United Arab Emirates (UAE) has become the first country in the Persian Gulf to commit to net zero carbon emissions by 2050. But it’s not turning its back on oil just yet. The UAE government made the announcement at Expo 2020 in Dubai on Thursday. Meeting the target would

By Anneken Tappe, CNN Business There’s no end in sight to the volatility on Wall Street as US stocks rallied again Thursday. The Dow finished with a gain of nearly 340 points, or 1%, while the broader S&P 500 rose 0.8%. The tech-heavy Nasdaq Composite increased by 1.1%. It was a solid gain but stocks

By Walé Azeez and Katharina Krebs, CNN Business Speedy approval of the controversial Nord Stream 2 pipeline linking Russia with Germany could help bring down natural gas prices, a top Russian official said as Europe scrambles to address an escalating energy crisis. Russian Deputy Prime Minister Alexander Novak said Wednesday that “early completion of the