Money

By Julia Horowitz, CNN Business The hottest debate among economists and investors is when central banks will back away from pandemic-era policies. After months of ambiguity, they finally have an answer — at least from South Korea. What’s happening: The Bank of Korea raised its base interest rate from 0.5% to 0.75% on Thursday. It

By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Staffers are angry, confused, and demanding answers inside ABC News after a lawsuit filed Wednesday alleged that former “Good Morning America” boss Michael Corn sexually assaulted two staffers. The allegations,

By Frank Pallotta, CNN Business Rachel Nichols — ESPN’s longtime NBA host — has been removed from coverage of the sport, and her weekday show “The Jump” has been canceled, the network confirmed Wednesday. David Roberts, ESPN’s senior vice president of production, said in a statement to CNN Business that the sides “mutually agreed that

By Danielle Wiener-Bronner, CNN Business Three Chick-fil-A locations in Alabama and one in Georgia have closed their dining rooms, citing challenges in hiring the workers they need. One of these, in Calera, Alabama, has also stopped curbside delivery and is limiting its catering ordering. Another, in Madison, Alabama, said it would stop curbside and mobile

By Frank Pallotta, CNN Business Disney World will require vaccinations for many of its employees at the Florida-based resort after the company made a deal with two of its employees’ unions. The resort, which is located in Orlando, Florida, reached an agreement with the Service Trades Council Union and the Actors Equity Association on Monday.

By Pete Muntean and Chris Isidore, CNN Business Delta Air Lines is raising health care costs for employees who insist on staying unvaccinated. The airline said that as of November 1, unvaccinated staff will pay up to $200 a month more for their company health insurance, depending on the coverage. It will also limit the

By Anneken Tappe, CNN Business Wall Street is going to cling to every word spoken this week at the nerdiest of economic nerdfests. The Federal Reserve will divulge its thinking about the next months and years’ worth of monetary policy at Friday’s virtual Jackson Hole Symposium. For analysts, the annual resort hangout for central bankers

By Vanessa Yurkevich, CNN Seventeen years ago, when Adriana Nichols moved from New York City to Los Angeles, she had a simple wish list: natural light (her New York studio apartment was dark), a yard and quiet neighbors. She managed to check everything off that list — and has spent nearly two decades living in

By Peter Valdes-Dapena, CNN Business Face masks are required again in major US auto factories and, according to Ford CEO Jim Farley, that has some workers deciding not to show up for work. In some factories, absentee rates can exceed 20%, he said in an interview with CNN Business. “When a fifth of your workforce

By Matt Egan, CNN Business The campaign arm of House Republicans launched an ad blitz Wednesday that blames Democrats for rising prices on back-to-school supplies. The National Republican Congressional Committee ads are part of a six-figure campaign that seeks to link anger over inflation with the bold policy agenda of Democrats. The back-to-school ads, first

By Julia Horowitz, CNN Business The reopening of the world’s third busiest container port in China is great news for global trade. What’s happening: The Meishan terminal at the Ningbo-Zhoushan Port in eastern China resumed operations Wednesday, ending a two-week long suspension after a dock worker tested positive for Covid-19. The closure was stressing tangled

By Jazmin Goodwin, CNN Business Preparing for a baby doesn’t just stop at picking the name or setting up the nursery. It also requires a lot of financial planning. The estimated cost for raising a child from birth to age 17 is an average of $233,610, or $12,189 a year, for a middle-income family (with

By Michelle Toh and CNN’s Beijing bureau, CNN Business One coronavirus case was all it took to shut down a critical part of the world’s third busiest container port. Now, the Meishan terminal at the Ningbo-Zhoushan Port in eastern China is back up and running, according to the state-owned company that manages the port. Operations

By Paul R. La Monica, CNN Business The SPAC party on Wall Street is flaming out about as fast as it began. Increased scrutiny on the accounting methods used by special purpose acquisition companies, along with a series of PR headaches involving high-profile deals, threaten to stop the so-called blank check fad in its tracks.