Money

By Matt Egan, CNN Business Citigroup told staff Thursday that US-based employees will be required to get fully vaccinated if they want to stay employed. In a post on LinkedIn, Citi’s head of human resources Sara Wechter partially cited the Biden administration’s vaccine order for federal contractors, noting the US government is a “large and

By Oliver Darcy, CNN Business Is Rupert Murdoch a 1/6 or election truther? The conservative media mogul hasn’t weighed in directly on the conspiracy that the 2020 election was stolen or the insurrection that took place at the US Capitol earlier this year, and his spokesperson didn’t respond to a request for comment Thursday morning

By Paul R. La Monica, CNN Business Fintech giants Square and PayPal are taking Main Street by storm. More consumers, especially younger ones, are using services like Square’s Cash App and PayPal’s Venmo for mobile payments. But banks and other traditional financial services firms are fighting back — and investors have taken notice. Goldman Sachs

By Matt McFarland, CNN Business Jennifer Homendy, chair of the National Transportation Safety Board (NTSB), said Tuesday that the recent backlash from Tesla’s fanbase towards a newly-appointed federal safety advisor is a deliberate attempt to shift away from safety questions about the automaker’s technology. Tesla’s fans and its CEO Elon Musk have spoken out against

By Allison Morrow, CNN Business It is a curse of the modern age that technology has rendered us incapable of experiencing beauty in real time — all of our ephemeral, sensual experiences must be pinned down in a digital ledger, easily searchable from our phones. It is not sufficient to be present in our joy;

By Matt Egan, CNN Business The framework on President Joe Biden’s $1.75 trillion economic and climate agenda calls for paying for the ambitious agenda in part by imposing a surcharge on corporate stock buybacks. The outline for the spending bill, announced by the White House on Thursday, promises that the Build Back Better framework is

By Alicia Wallace, CNN Business When members of the cannabis industry descended upon Las Vegas last week for the biggest trade show in the business, there was something stirring in the air. It wasn’t the aroma of a freshly lit joint, but rather a sense that everything seems to be coming up roses for the

By Chris Isidore and Virginia Langmaid, CNN Business A large number of unvaccinated workers say they’ll quit their jobs if their employers follow upcoming federal rules to battle the Covid-19 pandemic. A survey by the Kaiser Family Foundation, a think tank concentrating on health issues, found 37% of unvaccinated workers say they will quit their

By Anneken Tappe, CNN Business This summer, the American economic recovery hit a roadblock. The US economy grew at an annualized rate of only 2% in the third quarter, the Bureau of Economic Analysis reported Thursday. The highly infectious Delta variant of the coronavirus, supply chain chaos, worker shortages, sluggish jobs numbers and higher prices

By Anna Cooban, CNN Business Volkswagen thinks the worst of the global chip shortage is in its rear-view mirror. CEO Herbert Diess told CNN Business on Thursday that the world’s second largest automaker has “seen the worst” of a chip shortage that badly dented its third quarter earnings. “We had really a challenging quarter,” Diess

By Nathaniel Meyersohn, CNN Business It’ll be a very merry Christmas for America’s biggest retailers. Retail sales in November and December are expected grow between 8.5% and 10.5% this year compared with the 2020 holiday season, to a record of up to $859 billion, the National Retail Federation, a trade group for retailers, said Wednesday.