Money

By Nathaniel Meyersohn, CNN Business Costco is searching for ways to make paying $60 for a membership every year worth more to online shoppers — and keep them away from Amazon. So it’s expanding an online perk available only to club members: Buy stuff from around 35 brands’ websites and save 20% or more. The

By Paul R. La Monica, CNN Business Last week’s stock market selloff seems like ancient history. Stocks surged Monday and Tuesday and were flat to modestly higher early Wednesday as investors once again buy the proverbial dip. Buying the dip is basically a phrase investors use when they are purchasing a stock after a big

By Anneken Tappe, CNN Business American companies’ search for workers didn’t get any easier this fall. In October, the nation’s available jobs unexpectedly rose to 11 million, new data from the Bureau of Labor Statistics showed Wednesday. Even though that was short of the 11.1 million high from July, it was still far more than

By Walé Azeez, CNN Business TUI says a surge in Covid-19 infections and the Omicron variant is taking its toll on winter holiday bookings. Europe’s biggest travel company said on Wednesday it had been seeing “positive momentum” in bookings but that had weakened because of “the increased media coverage of rising [coronavirus] incident rates and

Opinion by Pat Gelsinger for CNN Business Perspectives For almost a year, US companies and consumers have had to navigate a global chip shortage. Even among Covid-19 disruptions, this shortage stands out as uniquely impactful — semiconductors are a critical part of every digital device, powering our phones, cars, hospitals and factory floors. America’s ability

By Nathaniel Meyersohn, CNN Business In 1986, three retail veterans opened a chain of stores in the southeast named Only $1.00. They were building upon the concept of a store they had stumbled across called Everything’s A Dollar, and thought they could do it better. But Everything’s A Dollar wasn’t so thrilled to welcome the

By Julia Horowitz, CNN Business If you want to determine where investors think the economy is heading, it makes sense to turn to shares of banks. Traditionally, banks boom during times of expansion and get hit hard during contractions as customers struggle to repay debts. They’re also extremely sensitive to interest rates, which affect how