By Allison Morrow, CNN Business No one likes paying more for stuff. That’s why inflation, especially the sharp price increases we’ve seen in recent months, feels like a dirty word. But on the whole, inflation can actually be a good thing for many working-class Americans, especially those with fixed-rate debt like a 30-year mortgage. That’s
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By Matt Egan, CNN Business Commerce Secretary Gina Raimondo is concerned the Omicron coronavirus variant will exacerbate pressure on the already stressed-out global supply chain. “It’s way too soon to tell. But I do worry, because we know people are afraid to go to work,” Raimondo told CNN during an interview at her Washington office.
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By Matt Egan Roger Dow, CEO of the US Travel Association, is questioning the logic of President Joe Biden’s travel restrictions, imposed on South Africa and seven neighboring countries following the emergence of the Omicron coronavirus variant. “We want them to revisit this quickly,” Dow told CNN in a phone interview. “We need to follow
Continue Reading By Matt Egan Roger Dow, CEO of the US Travel Association, is questioning the logic of President Joe Biden’s travel restrictions, imposed on South Africa and seven neighboring countries following the emergence of the Omicron coronavirus variant. “We want them to revisit this quickly,” Dow told CNN in a phone interview. “We need to follow
Continue Reading By Allison Morrow, CNN Business No one likes paying more for stuff. That’s why inflation, especially the sharp price increases we’ve seen in recent months, feels like a dirty word. But on the whole, inflation can actually be a good thing for many working-class Americans, especially those with fixed-rate debt like a 30-year mortgage. That’s
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By Jordan Valinsky, CNN Business Toys “R” Us is opening a new store about a year after a planned relaunch of its brick-and-mortar presence failed. The retailer’s parent company, WHP Global, announced it will open a store at New Jersey’s American Dream mall in mid-December. In a press release, the company said the 20,000 square
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By Sana Noor Haq, CNN Business Twitter has updated its privacy policy so that it can remove images of people that have been posted without their consent, the company said in a blog post Tuesday. Under its current policy, the social media giant prohibits the publication of people’s private information, including addresses, phone numbers, identity
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By Julia Horowitz, CNN Business Investors were spooked by the discovery of the new Omicron variant of the coronavirus. Now, they’re contending with another wrinkle in the outlook: The Federal Reserve could be prepared to roll back stimulus measures faster than planned because of persistent inflation. What’s happening: Stocks fell sharply on Tuesday after Fed
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By Kara Fox, CNN Business Growth in renewable energy is set to hit an all-time record this year, but is still falling “well short” of what is necessary to slash planet-warming emissions, according to the International Energy Agency. The energy watchdog estimates that around 290 gigawatts (GW) of renewable energy capacity came online around the
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BOONEVILLE, Mo. (KMIZ) The global Christmas tree shortage could affects some Missourian’s this year as they go out to buy a Christmas tree. One Booneville tree farm, Starr Pines said now is the time to get your Christmas tree as some places across Mid-Missouri are in tight supply. But when you get your tree it
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By Chloe Melas and Oliver Darcy, CNN Alec Baldwin sat down with ABC News for his first formal interview since discharging a prop firearm that killed a crew member and injured another on the set of “Rust.” The interview was conducted by anchor George Stephanopoulos and took place Tuesday, a person familiar with the matter
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COLUMBIA, Mo. (KMIZ) Giving Tuesday marks the start of CoMoGives, a nearly decade long program dedicated to raising funds for non-profits across Mid-Missouri. This year marks the ninth campaign of CoMoGives and the program that started with 30 organizations and raising $62,400 has now turned into 148 organizations and last year raised $1.6 million. John
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By Anna Bahney, CNN Business Home prices across the US have seen stratospheric increases within the past year as demand for homes spiked and inventory tanked. And those higher prices have pushed mortgage giants Fannie Mae and Freddie Mac to raise the limits of government-backed loans to a record level for 2022, with the maximum
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By Chris Isidore, CNN Business Amazon had at least 20,000 employees test positive for Covid-19 last year. But it reported that only 27 of those cases were contracted while the employees were at work. The company’s reporting amounts to a “hidden pandemic,” according to a coalition of four unions interested in establishing representation for Amazon
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By Jennifer Korn, CNN Business David Marcus, the executive in charge of the troubled cryptocurrency project at Meta Platforms — the company formerly known as Facebook — announced Tuesday he will step down at the end of the year to pursue other projects. Marcus, who previously was the president of PayPal, joined Facebook seven years
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By Brian Fung, CNN Business Parag Agrawal isn’t a household name, but he could soon become one as he takes the lead at one of the world’s most influential social media companies. On Monday, Twitter CEO Jack Dorsey announced he was stepping down and named Agrawal, the company’s chief technology officer, as his replacement. Agrawal
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By Parija Kavilanz, CNN Business If you’re the kind of shopper who holds out for the bigger and better year-end deals after Christmas, you could be out of luck this season. Come January, those ridiculously-deep clearance sales might be much harder to find. Blame the messed up global supply chain. January is the golden month
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By Paul R. La Monica, CNN Business So much for a year-end Santa Claus rally? The broader market has pulled back in the past week as worries about the Omicron variant of Covid-19 have rattled investors’ confidence. These latest coronavirus concerns have traders wondering if this is finally the end of the long running bull
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By Anna Bahney, CNN Business Home prices rose 19.5% in September compared to a year ago, according to the S&P CoreLogic Case-Shiller national home price index. But even that huge increase was a slight slowdown from August, when prices rose by 19.8%. September marked the first time year-over-year gains have decreased since May, according to
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