Money

By Matt Egan, CNN Business The worldwide computer chip shortage is fanning the flames of inflation and limiting the supply of everything from iPhones to new cars. Unfortunately, this highly disruptive shortage is unlikely to go away until “deep into 2022,” Commerce Secretary Gina Raimondo told CNN. Raimondo, who recently toured semiconductor factories in Asia,

By Anneken Tappe, CNN Business The stock market’s volatility is showing no signs of letting up. US equities rallied on Thursday, rebounding from the prior two days of steep losses. All three major indexes ended the day in the green and then some: The Dow finished up nearly 620 points, or 1.8%. It was the

By Nathaniel Meyersohn, CNN Business Dollar General has become a retail empire by building small stores in rural towns across America to attract mainly low-income shoppers. Now, the company will expand its push to win wealthier customers in the suburbs using a new store model and name: Popshelf. Dollar General said Thursday it will open

By Frank Pallotta, CNN Business If you went to Major League Baseball’s website on Thursday and felt something was off, you’re not alone. MLB’s website has become a desolate place that lacks any news or images of baseball’s biggest stars. That’s because of the MLB lockout — the ninth work stoppage in baseball history, which

By Jordan Valinsky, CNN Business Burger King’s Whopper is turning 64 years old, and it’s giving the sandwich a price to match. This Friday and Saturday, Burger King will sell its signature sandwich for 37 cents in what it’s calling a “two-day birthday bash.” The promotion will be offered exclusively to members of the chain’s

By Kathryn Vasel, CNN Business Home health provider Interim HealthCare of the Upstate currently has 51 open positions it’s looking to fill. Since September, 17 candidates have canceled their interviews and 20 didn’t even show up. Recruitment and retention tends to be difficult in the home health care industry, but it’s been even tougher over

By Kerry Flynn, CNN Business BuzzFeed, the digital media company most known for its lists, quizzes and journalism, is going public and its debut on the Nasdaq will serve as a bellwether for the rest of the media industry’s financial futures. Shareholders of 890 Fifth Avenue Partners, a special purpose acquisition company, approved a merger

By Matt Egan Congress is flirting with a shutdown that would cost the US economy $1.8 billion for each week the government is closed, according to estimates by S&P Global Ratings. “The shutdown, if it’s brief, wouldn’t be a disaster, but would still reduce some of the economic gains the US has felt from the

By Chris Isidore, CNN Business Kellogg reached a tentative agreement late Wednesday night with the union that has been striking at its cereal factories for two months, signaling the end of one of the nation’s highest profile labor disputes. “We are pleased to announce that Kellogg Company and the union have reached a tentative agreement

By Anneken Tappe, CNN Business The US jobs recovery has picked up steam again in the final months of the year, bringing some good news in the face of persistently rising prices and a new Covid variant. Economists polled by Refinitiv expect another sizable jobs gain in Friday’s November employment report — 550,000 positions. If

By Julia Horowitz, CNN Business SPACs started out the year with a bang that soon became a fizzle. But don’t count the Wall Street fad out just yet. What’s happening: Grab is set to start trading Thursday on the Nasdaq after raising $4.5 billion, giving the Singaporean startup a market value of nearly $40 billion.

By Danielle Wiener-Bronner, CNN Business It may be harder to find deals in the grocery store these days. Flashfood wants to help fix that, while also preventing food waste. Here’s how it works: The Flashfood app shows which grocers in your area have partnered with the startup. Once you click into the store, you can

By Michelle Toh, CNN Business The Southeast Asian unicorn Grab had a rough first day on Wall Street. The Singaporean startup closed down nearly 21% Thursday as it began trading on New York’s Nasdaq. Grab went public by merging with a special-purpose acquisition company, or SPAC. The deal — in which Grab raised $4.5 billion,

By Jack Guy, Lauren Kent and Max Foster, CNN Business Meghan, Duchess of Sussex, has won the latest round of a prolonged privacy battle with the publisher of the Mail on Sunday. A UK court on Thursday dismissed an appeal brought by Associated Newspapers Limited (ANL) against a previous judgment that the duchess had a