Money

By Paul R. La Monica, CNN Business Unlike Michael Douglas’ Gordon Gekko character, Goldman Sachs CEO David Solomon thinks greed is not good for Wall Street. “When I step back and I think about my 40-year career, there have been periods of time when greed has far outpaced fear. We’re in one of those periods,”

By Nathaniel Meyersohn, CNN Business A record number of Americans are quitting their jobs and businesses are desperately struggling to fill open positions. Target doesn’t have either of those problems. Target said Wednesday that its turnover rate for hourly workers was lower this year compared with 2019, even after accounting for new hires. The retailer

By Matt Egan, CNN Business The American Petroleum Institute on Wednesday slammed President Joe Biden’s push for a Federal Trade Commission investigation of the oil industry and renewed its call for the federal government to encourage domestic oil and gas production. “This is a distraction from the fundamental shift that is taking place and the

By Frank Pallotta, CNN Business Miramax — the movie studio behind the classic crime movie “Pulp Fiction” — is suing Quentin Tarantino, the film’s director, over his planned sale of NFTs from the 1994 film. The two-time Academy Award-winning director and screenwriter announced earlier this month that he’s selling NFTs of seven original scenes from

By Chris Isidore, CNN Business For most employers it’s full-speed ahead on Covid vaccine mandates, regardless of whether the courts uphold or strike down President Joe Biden’s requirements. A Federal Court of Appeals put on hold the Biden administration’s plans to mandate vaccines or weekly tests for staff of businesses with 100 or more employees.

By Paul R. La Monica, CNN Business The company formerly known as Facebook is now calling itself Meta Platforms. But investors looking to cash in on the virtual world known as the metaverse already have plenty of other options besides Mark Zuckerberg’s social media giant. Gaming platform Roblox, which lets users generate their own avatars

By Jordan Valinsky, CNN Business Attention red cup fans: Starbucks is giving away reusable holiday cups for one day only. Customers who order a handcrafted holiday beverage from US Starbucks locations on Thursday will receive their drink in a “limited-edition reusable red cup.” Starbucks said that supplies are limited and the offer applies to all

By Julia Horowitz, CNN Business Heading into the all-important holiday shopping season, investors have been nursing a big concern: Will supply chain issues lead to empty shelves, making it impossible for retailers to take advantage of huge demand for toys, appliances and other items as the economy recovers from the pandemic? The answer appears to

By Mark Thompson, CNN Business Britain looks set to become the first major economy to hike interest rates since the Covid-19 pandemic began after inflation data showed prices rising at the fastest rate in a decade. Driven by higher energy and transport costs, the UK Consumer Prices Index rose by 4.2% in the year to

By Steven Jiang, CNN Business The United States and China have agreed to relax visa restrictions on each other’s journalists, according to officials from both countries. The deal addresses one source of contention in strained bilateral ties following a lengthy virtual meeting between Presidents Joe Biden and Xi Jinping on Monday. Under the agreement, the

By Sara Smart and Justin Lear, CNN As the holiday season approaches and many across the US are setting up their Douglas firs, white pines or spruce trees in the house, the US Consumer Product Safety Commission (CPSC) has sent out an alarming warning. The CPSC took to Twitter Saturday, posting a striking image of