Money

By Matt Egan Goldman Sachs is joining a growing list of Wall Street firms advising employees to stay home due to soaring Covid cases. The bank sent a memo Sunday encouraging employees who can work remotely to do so until January 18, a Goldman Sachs spokesperson told CNN. Goldman Sachs cited “rising community infections” in

By Eric Cheung and Tara John, CNN Business The independent Hong Kong news site Citizen News said it will be shutting down on Tuesday, citing the deteriorating media environment in the city and the need to protect its staff. Citizen News was the largest remaining independent news outlet in Hong Kong following the shuttering of

By Chris Isidore, CNN Business What’s Elon Musk doing with the billions he’s collected in the past two months from selling shares in Tesla? It seems possible, maybe even likely, that he’s put at least some of the money into SpaceX, the other company of which he is CEO and primary shareholder. Most of the

By Julia Horowitz, CNN Business The stock market just wrapped up one of its best years on record. Can it repeat its stellar performance in 2022, even when faced with inflation concerns and rising interest rates? Wall Street certainly thinks so. Jonathan Golub, chief US equity strategist at Credit Suisse, predicts that the S&P 500

By Gregory Wallace and Matt McFarland, CNN Business Thousands of US flights were canceled over New Year’s weekend as a combination of Covid-19 disruptions and wintry weather slowed travel. Flight cancellations have trended up steadily since Christmas Eve, hitting a new peak Saturday as millions travel over the holidays. Data from the website FlightAware shows

By Gregory Wallace and Matt McFarland, CNN Thousands of US flights were canceled on New Year’s Day as a combination of Covid-19 and wintry weather have slowed travel. Flight cancellations have trended up steadily since Christmas Eve, hitting a new peak Saturday morning as millions travel over the holidays. Data from the website FlightAware shows

By Anneken Tappe, CNN Business America is finishing the year with decades-high inflation. That doesn’t bode well for 2022. Prices have climbed so high it will take some time for them to come back down to earth. In other words, the uncomfortable inflation numbers of 2021 will likely stay with us well into the New

By Parija Kavilanz, CNN Business It’s New Year’s Day, and many of us are probably staying cocooned in our homes, contemplating the year ahead. But others among us might need to go about our regular weekly routines, including venturing out to shop for groceries, diapers, treats for the pooch and picking up prescription refills. If

By Reuters Spirit Airlines flight attendants are receiving double pay on any work through January 4, their union said, as the budget carrier scrambles to keep its schedules intact after U.S. airlines were hammered by a week of mass cancellations. The holiday season has been marred by delayed or canceled flights, causing chaos at most

By Clare Duffy, CNN Business Bob Iger, Disney’s former chief executive and long-time executive chairman, is officially ending his tenure Friday after just shy of half century at the company. Iger announced he would leave the company when his contract ended at the close of this year. “This is the end of my 47 1/2