By Vanessa Yurkevich, CNN Ford will mandate vaccines for most of its 32,000 US salaried employees, a spokesperson for the company said Wednesday. Those workers have until December 8 to be fully vaccinated. Employees who refuse to do so and do not have an approved religious or medical exemption could be put on unpaid leave
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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. HOUSE FLOP Zillow shares fell more than 20% Wednesday on the news that it’s pulling the plug on its house-flipping business and laying off a quarter
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By Allison Morrow, CNN Business It’s official: The Federal Reserve is winding down its aggressive pandemic-era stimulus measures, a process Wall Street nerds call “tapering.” But what, exactly, does that mean? The short answer: Money has essentially been free for the past year and a half, thanks to the Fed’s double-barrel shotgun approach to economic
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By Matt McFarland, CNN Business Drivers with Tesla’s “full self-driving” software often don’t know what their cars will do next. Tesla owners have been wowed by their cars’ new abilities, but some say they have also been alarmed and frustrated by the accompanying flaws. One second drivers find themselves praising the cars’ skills; the next
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By Anneken Tappe, CNN Business The Federal Reserve has been pushing the economic stimulus pedal to the metal nonstop since March 2020. For the first time since the pandemic erupted on the global stage, it’s easing off the gas. Buying billions of dollars worth of government bonds and other assets each month, the Fed has
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By Sean Lyngaas, CNN Business The US Commerce Department on Wednesday blacklisted Israeli firms NSO Group and Candiru, accusing the companies of providing spyware to foreign governments that “used these tools to maliciously target” journalists, embassy workers and activists. Commerce officials added the Israeli firms to its so-called “entity list,” effectively banning the companies from
Continue Reading Opinion by Adam Connors for CNN Business Perspectives When I first developed a rash and some unusual bruising on my side, I didn’t worry about it too much. I’d been play-fighting pretty vigorously with my children the day before, after all. But my partner insisted I get it checked out, so I dutifully went to
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By Brian Stelter, CNN Business Smartmatic, the voting technology company that is suing Fox News, some of its hosts and pro-Trump lawyers Rudy Giuliani and Sidney Powell for defamation, is now adding Newsmax and One America News Network to the list of defendants. Smartmatic’s lawyers filed defamation suits against the two hard-right TV networks on
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By Matt Egan, CNN Business Everyday Americans are getting hammered by high prices at the pump, and Bank of America thinks the pain may just be getting started. Gas prices have surged to a seven-year high of $3.40 a gallon nationally and are flirting with $4 in Nevada, Washington State and Oregon. Bank of America
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By Clare Duffy, CNN Business A former Apple employee who helped form the #AppleToo movement against alleged harassment and discrimination inside the company told the National Labor Relations Board in a complaint on Tuesday that she believes she was fired in retaliation for her organizing efforts. Janneke Parrish, who told CNN Business last month she’d
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By Paul R. La Monica, CNN Business Private companies are making their Wall Street debuts at a record clip this year. There already have been more initial public offerings through the first three quarters of 2021 than there were in all of 1996 — the best year ever for IPOs, according to FactSet. In the
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By Jeanne Sahadi, CNN Business Employees calling for better wages and working conditions have always been a given in the workplace. But workers are increasingly calling on their companies to take action on other issues that they care about as well. They may want their employers to speak out against a state law — such
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By Anneken Tappe and Ken Olshansky, CNN High inflation is a thorn in America’s side. Prices of groceries and gas are rising and Americans are growing pessimistic about the economy because of it. But it’s still nowhere as bad as the inflation spike of the 1970s, and prices aren’t going to surge like they did
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By Julia Horowitz, CNN Business For about 20 months, central banks have funneled an unprecedented amount of cash into the financial system, aiming to limit the worst effects of the Covid-19 pandemic on the economy. Now, with an eye on inflation, they’re changing course — with big ramifications for stocks and bonds. What’s happening: The
Continue Reading By Helen Regan, CNN Business American journalist Danny Fenster, who has been detained in Myanmar for five months, was denied bail and hit with a new charge Wednesday following a hearing inside Yangon’s Insein Prison. Fenster, 37, has now spent 163 days detained in Myanmar, where his family has had little contact with him. The
Continue Reading By Helen Regan, CNN Business American journalist Danny Fenster, who has been detained in Myanmar for five months, was denied bail and hit with a new charge Wednesday following a hearing inside Yangon’s Insein Prison. Fenster, 37, has now spent 163 days detained in Myanmar, where his family has had little contact with him. The
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By Jordan Valinsky, CNN Business West Hollywood’s city council is set to vote on hiking the local minimum wage to $17.64 an hour, which would be the highest in the United States. The ordinance, which is scheduled for a vote Wednesday, would take effect in January 2022 for hotel workers and in July 2022 for
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By Walé Azeez, CNN Business Netflix has launched five mobile games for Android phones and tablets, as it seeks to gain a bigger share of subscribers’ attention and entertainment time. The streaming giant is looking to capitalize on the success of its signature science fiction series “Stranger Things” with the release of “Stranger Things: 1984”
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By Julia Horowitz, CNN Business Journalist James Glassman and economist Kevin Hassett wrote in late 1999 that the Dow Jones Industrial Average could hit 36,000 as soon as 2005. That prediction in their book, “Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market” did not come true. The dot-com
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By Charles Riley, CNN Business Banks, insurers, pension funds, money managers and other finance firms with $130 trillion in assets have signed up to tackle the climate crisis, swelling the ranks of a coalition led by former Bank of England governor Mark Carney. More than 450 companies across 45 countries have now committed to achieving
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