Money

By Paul R. La Monica, CNN Business US business leaders are still upbeat about the economic recovery. But they’re not as confident as they were just a few months ago, and they blame the Delta variant and a super tight labor market for the drop in sentiment. The Conference Board, a leading business research think

By Jordan Valinsky, CNN Business Rachel Maddow revealed on her show Wednesday that she had surgery for skin cancer. The MSNBC anchor said she’s going to be “absolutely fine” after getting a cancerous mole removed from her neck last week. Maddow took a few days off following the small procedure at a New York hospital

By Charles Riley, CNN Business We hate to be the bearers of bad news. But the pandemic just keeps delivering setbacks for the global economy. Supply chains have been stretched beyond breaking, inflation is rising sharply across developed economies and an energy crisis looms. The latest problem spot is Germany, where manufacturing production fell 4.7%

By Charles Riley, CNN Business Cathie Wood is moving her business to Florida. Ark Investment Management is permanently closing its New York office and relocating to St. Petersburg, Florida, the company announced Wednesday. Wood’s flagship Ark Innovation exchange-traded fund surged nearly 150% in 2020, turning her into a Wall Street superstar. Wood does things differently,

By Julia Horowitz, CNN Business Astronomical increases in natural gas prices. Skyrocketing coal costs. Predictions of $100 oil. A global energy crunch caused by weather and a resurgence in demand is getting worse, stirring alarm ahead of the winter, when more energy is needed to light and heat homes. Governments around the world are trying

By Anneken Tappe, CNN Business Friday’s jobs report will shed some light on whether August’s disappointing numbers were just a blip — or the start of an unwelcome trend. Either way, the recovery could be bumpy until America gets all the way through the Covid crisis. “The pandemic has always been in the driver’s seat

By Oliver Darcy, CNN Business AT&T executives played a key role in the birth of far-right conspiracy channel One America News (OAN), according to court documents reviewed by CNN. The court documents were first reported by Reuters on Wednesday in an in-depth story detailing how AT&T, which is also the parent company of CNN, “helped

By Matt Egan Concern is rising on Wall Street over Washington’s debt ceiling game of chicken. Goldman Sachs warned clients on Wednesday that Congress may fail to raise or suspend the debt ceiling prior to the October 18 deadline. “It looks unlikely that Congress will address the debt limit before the last minute, and there

By Chris Isidore, CNN Business General Motors’ transition to an all-electric vehicle lineup will help the environment. It will also help make GM a 100% more successful business, the company says. GM announced Wednesday that it forecasts doubling global revenue by the end of the decade and improving its profit margin as it does so.