CNN – Business/Consumer

By Charles Riley, CNN Business When investors purchase a stock, what they’re doing is buying a percentage of the company. Right? Wrong! At least when it comes to many of the Chinese companies listed on the Nasdaq and the New York Stock Exchange. That’s because Chinese companies use a structure called a variable interest entity,

By Nathaniel Meyersohn, CNN Business Ikea is famous for the Swedish meatballs served at its stores’ cafeterias. Now, it’s turning those meatballs customers love into … scented candles. Ikea is offering meatball-scented candles as a prize in a sweepstakes event for “Ikea Family” loyalty club members to celebrate the 10-year anniversary of the free loyalty

By Nathaniel Meyersohn, CNN Business Top US retail and food chains have updated their mask policies since the US Centers for Disease Control and Prevention said this week that fully vaccinated people should wear masks indoors in areas with substantial Covid-19 transmission. That designation includes more than two-thirds of US counties. The CDC changed its

By Alaa Elassar, CNN Target has announced that it will begin paying the college tuition and textbook expenses for its US-based part-time and full-time employees who attend select schools. The retail giant is following the lead of other large US companies offering more benefits to attract and retain talent in a tight job market. Starting

By Jazmin Goodwin, CNN Business The Securities and Exchange Commission approved Nasdaq’s proposal to increase diversity on the boards of companies listed on its exchange. The rule requires all Nasdaq-listed companies to have at least two diverse directors, including one woman and one member of an “underrepresented” minority group, including Black people, Latinos or members

By Matt Egan, CNN Business Democratic Senator Joe Manchin is taking the Federal Reserve to task over inflation. In a Thursday letter to Fed Chairman Jerome Powell, Manchin called for the US central bank to immediately reverse course and remove stimulus support for the economy before it overheats. “With the recession over and our strong

By Kathryn Vasel, CNN Business If you are looking for a job with a pandemic-related gap on your resume, you’re certainly not alone. Early in the pandemic, more than 22 million jobs were lost, according to the US Bureau of Labor Statistics. While breaks in employment can traditionally be red flags to hiring managers, you

By Jordan Valinsky, CNN Business Furniture retailer Ethan Allen Interiors is changing its ticker symbol to prevent confusion with the cryptocurrency ethereum. Beginning August 16, the company will trade on the New York Stock Exchange under the symbol “ETD” and will no longer use “ETH.” Ethan Allen said using the letter “D” stands for design,

Opinion by Dana Peterson for CNN Business Perspectives Home prices have surged during the pandemic, leaving many to believe we’re either in a housing bubble or heading toward one. The good news, however, is that the United States is not about to repeat the 2005-07 housing boom and bust, which led to the Great Recession.

By Danielle Wiener-Bronner, CNN Business If you’ve had a sip of Coke Zero Sugar recently and thought that it tastes a little different, you’re not crazy. The company is rolling out across the United States a new version of the beverage designed to taste more like regular Coke. Maybe you like the new flavor. Maybe

By Gregory Wallace and Chris Isidore, CNN Business United Airlines will join the growing list of companies that are requiring employees get vaccinated against Covid-19, the first major US airline to implement such a mandate. A United executive said it was not considering a similar rule for passengers, and that any such requirement would be

By Charles Riley and Hanna Ziady, CNN Business It’s been roughly 18 months since the coronavirus pandemic started wreaking havoc on the US economy. The labor market is a long way from making a complete recovery. One big problem: Millions of open jobs are going unfilled, despite high levels of unemployment. Companies had 9.2 million

By Anneken Tappe, CNN Business The US economy added 943,000 jobs in July and the unemployment rate fell to 5.4% — a new low of the pandemic era — the Bureau of Labor Statistics reported Friday. It was the biggest job gain since August last year, when more than 1 million positions were added back,

By Michelle Toh, CNN Business An e-commerce company has just pulled off Indonesia’s biggest initial public offering ever. It’s the latest sign that Southeast Asia’s startup community is taking off. Jakarta-based Bukalapak began trading on the Indonesian Stock Exchange on Friday after raising about $1.5 billion. That’s the largest on record for that exchange, according