CNN – Business/Consumer

By Kerry Flynn, CNN Business Watch CNN’s “Shine A Light,” a commercial-free 9/11 20th anniversary tribute, hosted by Jake Tapper and featuring musical performances by Maroon 5, H.E.R., Brad Paisley, and Common on Saturday, September 11 at 8 p.m. ET. The terror attacks of September 11, 2001 were centered around the East Coast, but its

By Chris Isidore, CNN Business United Airlines told employees that they will be placed on indefinite unpaid leave if they refuse to get a Covid vaccine for religious reasons. The company’s vaccine mandate is much tougher than those imposed by many other companies, or the ones announced by President Joe Biden Thursday. The federal mandate,

By Allison Morrow, CNN Business Federal regulators slapped Wells Fargo with yet another fine for failing to move fast enough to compensate customers who were victims of the bank’s “unsafe or unsound” practices. The Office of the Comptroller of the Currency, the banking regulator within the Treasury Department, told the scandal-plagued bank it must pay

By David Goldman, CNN Business President Joe Biden gave a gift to every major company in America by forcing them to mandate vaccines or stringently test their employees for Covid. Their reaction to the new rule: glee. Corporate America had been trying to navigate two competing pandemic realities: Companies are desperately trying to get back

By Jordan Valinsky, CNN Business Private equity firm Blackstone Group is abandoning its $3 billion bid for a controlling stake in Soho China, one of the country’s largest real estate developers. In a regulatory filing Friday, Blackstone said it decided to drop the deal “in light of the lack of sufficient progress” being made among

By Peter Valdes-Dapena, CNN Business There was a slight drizzle when I was getting ready to go for a short drive in Bentley’s new Bacalar. Ordinarily, this would not be a big deal. The rain was hardly enough to warrant an umbrella. Except the Bentley Bacalar has no roof. The Bacalar is not a convertible.

By Hanna Ziady, CNN Business Back in the spring, as the pace of vaccinations increased rapidly and growth predictions improved, businesses were hopeful that by the fall economic activity would largely be back to normal. Well, September has arrived but the return to normal that many expected remains elusive. What’s happening: Developments over the past

By Michelle Toh, CNN Business The United States has lifted an import ban on the world’s largest glove maker after concluding that its products are no longer being produced using forced labor. In an announcement Friday, the US Customs and Border Protection (CBP) agency said that it had cleared Top Glove, a Malaysian company, after

By Laura He, CNN Business China is starting to sell off some of the oil it keeps in strategic reserve in a bid to lower prices in the market, a historic first for the world’s biggest importer of oil and its second largest consumer. The State Bureau of Grain and Material Reserves said late Thursday

By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. “An Authoritarian.” “Rotting bag of oatmeal … tyrant.” “Very frail and very weak.” Those are only a handful of the vile attacks directed at President Biden on Fox News Thursday

By Alexis Benveniste, CNN Business JPMorgan Chase is buying the Infatuation, a restaurant discovery platform that shares reviews and recommendations on where to eat. The acquisition will include the Infatuation’s entire business, including Zagat, which the company purchased in March 2018. The bank didn’t disclose the price of the deal. The news was first reported

By Nathaniel Meyersohn, CNN Business Walmart will end its quarterly bonuses for US store workers in January after it raises its hourly minimum wage from $11 to $12, eliminating a longstanding perk for workers. Walmart, the largest private employer in the United States, has for decades paid the bonuses to its approximately 1.2 million hourly

By Matt Egan, CNN Business Federal Reserve Chairman Jerome Powell has been criticized by progressives for going soft on big banks and not doing enough to address the climate crisis. Now, a lifelong Republican is joining that critique. Sheila Bair, one of the few American regulators who sounded the alarm prior to the subprime mortgage

By Nathaniel Meyersohn, CNN Business Amazon is offering to cover four-year college tuition for most of its approximately 750,000 hourly workers in the United States, the latest major employer to offer the perk to attract and retain hourly employees in a tight job market. Starting in January, Amazon for the first time will pay for

By Jordan Valinsky and Diksha Madhok, CNN Business Ford is ending production in India and taking a hit of $2 billion as it retrenches from a market that has been almost impossible for American automakers to break into. In an announcement Thursday, the company said that roughly 4,000 employees will be laid off and manufacturing