Money

By Julia Horowitz, CNN Business Economists around the world are closely watching a resurgence of coronavirus cases across Europe for signs of what may be to come this winter. What’s happening: The spike in cases is feeding fears that the region’s strong economic recovery from the pandemic could be in jeopardy. So far, the new

By Chris Isidore, CNN Business John Deere posted record annual income Wednesday despite the recently concluded five-week worker strike, and it predicted another record year ahead. The Midwest farm and construction equipment maker posted annual net income of nearly $6 billion, more than double the $2.8 billion it earned a year earlier and easily clearing

By Diksha Madhok, CNN Business India is flirting with a ban on cryptocurrencies. Prime Minister Narendra Modi’s government on Tuesday said that it is preparing to introduce a bill that would regulate digital currencies. There’s still much that’s unknown about the proposal. A cryptically worded description of the bill posted on the Indian parliament website

By Julia Horowitz, CNN Business A resurgence of coronavirus cases across Europe is feeding fears that the region’s strong economic recovery from the pandemic could be jeopardized by another tough winter. So far, the new Covid-19 wave is having only a limited impact on business activity in the 19 countries that use the euro. The

By Matt Egan, CNN Business For months, OPEC and its allies refused pleas from Washington and other world capitals to pump more oil. Now, a US-led coalition of consuming nations is coming together to effectively say: Fine, if you won’t act, we will. The White House announced Tuesday that India, Japan, South Korea and the

By Chris Isidore, CNN Business The holiday travel season is off to a relatively smooth start, with good weather and few canceled flights. But many in the industry are worried that luck won’t hold all the way until the holiday season ends just after New Year’s. Major US airlines are operating with fewer pilots and

By Nathaniel Meyersohn, CNN Business Store workers at major US chains are getting to spend Thanksgiving at home as more retailers decide to close their doors for the holiday. But not all retail staff will get the day off. Target said Monday that it will close all of its stores on Thanksgiving every year from

By Parija Kavilanz, CNN Business Best Buy CEO Corie Barry said theft is a growing problem at the company’s stores — and it is implementing added security measure to safeguard employees and shoppers. “This is traumatizing for our associates and is unacceptable,” Barry said on a call with analysts Tuesday. “We are doing everything we

By Paul R. La Monica, CNN Business President Biden and Federal Reserve chair Jerome Powell are committed to fighting inflation. But the two may face an uphill battle bringing consumer prices down due to a factor that many experts may not be pricing into the economic picture: the rise of ESG investing. Investors have increasingly

By Walé Azeez, CNN Business China confirmed on Wednesday that it would join the United States and other major energy-consuming nations in releasing strategic oil reserves to try to cool high prices and tame inflation. The White House announced Tuesday that the United States would release about 50 million barrels from its Strategic Petroleum Reserve,