By Anna Cooban, CNN Business The United Kingdom has a jobs problem. There just aren’t enough workers to keep its economy moving forward, and many employees are growing angry about inflation taking a large bite out of their paychecks. The problem escalated Tuesday as thousands of rail workers went on strike over demands for better
Continue Reading By Jordan Valinsky, CNN Business Krispy Kreme’s signature glazed doughnuts are now being served in an new way: Creamy ice cream. “Original Glazed Soft Serve Ice Cream” is a new addition to Krispy Kreme’s lineup, made with whole milk and ingredients from the doughnut shop’s “proprietary and secret” signature recipe. Restaurants in 10 US cities
Continue Reading By Matt Egan, CNN The White House has kept the door open to a windfall profit tax on Big Oil but economist Mark Zandi is warning such a move could backfire. “I would not be supportive,” Zandi, the chief economist at Moody’s Analytics, told CNN in a phone interview. “You want energy companies to invest
Continue Reading By Catherine Thorbecke, CNN Business President Joe Biden said he was “proud” of Apple’s retail workers in Towson, Maryland, who voted this weekend to form the first-ever labor union at one of the tech giant’s US stores. “I’m proud of them,” the President told reporters from Rehoboth Beach, Delaware, on Monday. “Workers have a right
Continue Reading By Parija Kavilanz, CNN Business Tampons are in short supply and the global supply chain once again is to blame for causing a shortage of a consumer necessity. Stores and manufacturers acknowledged shortages of the product last week, confirming complaints that have been circulating on social media for months. On Monday, on-demand grocery delivery service,
Continue Reading By Kunyi Yang The road to financial independence is not easy, and usually requires patience and diligence early on. For young people still trying to establish their careers, focusing on retirement or saving for the future may not seem like a top priority. But making the wrong money moves early on can be costly. Here
Continue Reading By Chris Isidore, CNN Business Air travel is returning to normal Monday after several days of widespread flight cancellations due to weather and staffing issues. Tracking service FlightAware was showing that as of Monday evening about 2,200 flights were canceled worldwide. Only 380 of those cancellations were to, from or within the United States, representing
Continue Reading Nadeen Ebrahim Libya was thrust back into the spotlight last week when it announced that it is pumping a million fewer barrels of oil than it did last year. That was big news for oil-consuming nations that are scrambling to look for additional supplies as crude from Russia, the world’s third-biggest producer, comes under Western
Continue Reading By Anna Bahney, CNN Business There is a shift happening in the housing market. After more than a year of soaring demand, exploding home prices and increasing real estate sales, the market finally seems to be cooling off. “The housing market isn’t crashing, but it is experiencing a hangover as it comes down from an
Continue Reading By Alicia Wallace, CNN Business The record run-up in home prices and rents exacerbated the affordable housing crisis in the US, and rising interest rates stand to make it even worse, according to Harvard University’s annual State of the Nation’s Housing Report released Wednesday. Although quickly rising mortgage rates are already appearing to cool overheated
Continue Reading Opinion by Joe O’Connor and Juliet Schor for CNN Business Perspectives It’s now well recognized how difficult the pandemic has been for workers. A Conference Board survey of workers from September 2021 found that more than three-quarters of US respondents reported stress and burnout as big challenges to being at work, versus 55% six months
Continue Reading By Chris Isidore, CNN Business More tieups at West Coast ports are just about the last thing the US economy needs right now. Delays caused by a flood of cargo last year continue to create widespread shortages of goods throughout the economy and added to inflationary pressures. But a current round of labor talks between
Continue Reading By Chris Isidore, CNN Business More tieups at West Coast ports are just about the last thing the US economy needs right now. Delays caused by a flood of cargo last year continue to create widespread shortages of goods throughout the economy and added to inflationary pressures. But a current round of labor talks between
Continue Reading Story by Reuters and Jessie Yeung, CNN Macao, the world’s biggest gambling hub, began its second day of mass Covid-19 testing on Monday after dozens of locally transmitted cases were discovered over the weekend. But while most businesses have shut, casinos remain open. The testing of Macao’s roughly 600,000 residents is expected to end on
Continue Reading By Reuters The cryptocurrency industry was on edge on Monday as bitcoin struggled to stay above a key level, with investors fearing that problems at major crypto players could unleash a wider market shakeout. Bitcoin, the world’s biggest cryptocurrency, was trading just under the symbolic level of $20,000 in early London trading hours. Bitcoin had
Continue Reading By Matt McFarland, CNN Business Gas prices may be skyrocketing, but Americans still love their RVs despite the fact that they often get 10 mpg — or less. RV popularity boomed during the pandemic as travelers looked for safe ways to travel while maintaining social distance. Americans continue to turn to RVs even as they’ve
Continue Reading By Clare Duffy, CNN Business Last week, the Associated Press announced the creation of an unusual new position: a democracy editor. Tom Verdin — a more than 20-year veteran of the AP who spent the past seven years leading its state government team — will take up the role,managing coverage on challenges to democracy, voting
Continue Reading By Clare Duffy, CNN Business Last week, the Associated Press announced the creation of an unusual new position: a democracy editor. Tom Verdin — a more than 20-year veteran of the AP who spent the past seven years leading its state government team — will take up the role,managing coverage on challenges to democracy, voting
Continue Reading By Catherine Thorbecke, CNN Business President Joe Biden said he was “proud” of Apple’s retail workers in Towson, Maryland, who voted this weekend to form the first-ever labor union at one of the tech giant’s US stores. “I’m proud of them,” the President told reporters from Rehoboth Beach, Delaware, on Monday. “Workers have a right
Continue Reading By Zoe Sottile, CNN There really is no such thing as a free lunch. An anonymous bidder paid a record-breaking $19 million for a private steak lunch with legendary investor Warren Buffett. The sale was part of the 21st annual auction for a lunch with Buffett, produced in collaboration with eBay and the Glide Foundation,
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