Money

By Peter Valdes-Dapena, CNN Business Vinfast, a car company based in Vietnam, unveiled a pair of electric SUVs Wednesday that it plans to begin selling in the United States next year. A subsidiary of Vietnam’s enormous VinGroup conglomerate — which owns companies in technology, healthcare, amusement parks and even a university — Vinfast unveiled its

By Chris Isidore, CNN Business The Hoffa era is about to come to an end at the Teamsters union. And that could have a big impact on UPS, by far the union’s largest employer, and the millions of consumers and businesses that count on the nation’s largest trucking company. The union has been led for

By Anna Bahney, CNN Business Home prices all over the country have seen stratospheric increases within the past year, as demand for homes spiked and inventory tanked. But higher prices are expected to push the limits of conforming loans to what experts anticipate may be record increases in 2022, with the maximum loan limit at

By Parija Kavilanz, CNN Business TJ Maxx’s stores have been popular in the pandemic with shoppers looking to score bargains on designer brands — but it’s been raising prices on some of those upscale products. “Our strategy to surgically raise retail [prices] on select items is well underway, and we believe it is working very

By Paul R. La Monica, CNN Business Unlike Michael Douglas’ Gordon Gekko character, Goldman Sachs CEO David Solomon thinks greed is not good for Wall Street. “When I step back and I think about my 40-year career, there have been periods of time when greed has far outpaced fear. We’re in one of those periods,”

By Nathaniel Meyersohn, CNN Business A record number of Americans are quitting their jobs and businesses are desperately struggling to fill open positions. Target doesn’t have either of those problems. Target said Wednesday that its turnover rate for hourly workers was lower this year compared with 2019, even after accounting for new hires. The retailer

By Matt Egan, CNN Business The American Petroleum Institute on Wednesday slammed President Joe Biden’s push for a Federal Trade Commission investigation of the oil industry and renewed its call for the federal government to encourage domestic oil and gas production. “This is a distraction from the fundamental shift that is taking place and the

By Frank Pallotta, CNN Business Miramax — the movie studio behind the classic crime movie “Pulp Fiction” — is suing Quentin Tarantino, the film’s director, over his planned sale of NFTs from the 1994 film. The two-time Academy Award-winning director and screenwriter announced earlier this month that he’s selling NFTs of seven original scenes from

By Chris Isidore, CNN Business For most employers it’s full-speed ahead on Covid vaccine mandates, regardless of whether the courts uphold or strike down President Joe Biden’s requirements. A Federal Court of Appeals put on hold the Biden administration’s plans to mandate vaccines or weekly tests for staff of businesses with 100 or more employees.

By Paul R. La Monica, CNN Business The company formerly known as Facebook is now calling itself Meta Platforms. But investors looking to cash in on the virtual world known as the metaverse already have plenty of other options besides Mark Zuckerberg’s social media giant. Gaming platform Roblox, which lets users generate their own avatars

By Jordan Valinsky, CNN Business Attention red cup fans: Starbucks is giving away reusable holiday cups for one day only. Customers who order a handcrafted holiday beverage from US Starbucks locations on Thursday will receive their drink in a “limited-edition reusable red cup.” Starbucks said that supplies are limited and the offer applies to all

By Julia Horowitz, CNN Business Heading into the all-important holiday shopping season, investors have been nursing a big concern: Will supply chain issues lead to empty shelves, making it impossible for retailers to take advantage of huge demand for toys, appliances and other items as the economy recovers from the pandemic? The answer appears to