Money

Opinion by Mark Zandi for CNN Business Perspectives It has been a trying 18 months since the pandemic first struck, and it appears it will take another 18 months for the economy to be free and clear of the impact of Covid-19. When the vaccines for Covid-19 became widely available this spring, there was widespread

By Frank Pallotta, CNN Business “We Make Movies Better.” That’s the tagline of a new advertisement from AMC Theatres. The world’s biggest movie theater chain debuted a $25 million national ad campaign Wednesday that it hopes will bring audiences back to the movies. It’s an unusual move because movie theater chains typically don’t advertise outside

By Kathryn Vasel, CNN Business When employees go back to the office, they may discover that their old desk is no longer waiting for them. Some companies that are switching to a hybrid workforce, where employees spend some days in the office and some at home, are getting rid of assigned seating noting that they

By Nathaniel Meyersohn, CNN Business Amazon will let you skip the checkout line at two Whole Foods stores next year. Amazon is installing its cashier-less “Just Walk Out” technology at the locations, which are set to open in 2022 in Washington D.C. and Sherman Oaks, California. It’s the latest test of the software, which is

By Anneken Tappe, CNN Business America has more job openings than it can fill. That has been a truth of the pandemic recovery. Now the Delta variant is threatening to make that even worse. In July, the number of jobs available in the United States climbed to 10.9 million, a new record high, the Bureau

By Jeanne Sahadi, CNN Business El Salvador’s adoption of bitcoin as legal tender may have been a watershed moment for cryptocurrencies. But in the United States, even though you can use crypto to buy and sell products or services, don’t think for a minute that makes it just like cash — at least not if

By Hanna Ziady, CNN Business UK Prime Minister Boris Johnson’s plan to hike payroll taxes to raise billions in funding for health and social care will raise Britain’s tax burden to its highest ever level, according to the Institute for Fiscal Studies. The independent research organization also said that further tax hikes could be on

By Matt Egan, CNN Business The easiest way to spark a financial crisis and wreck the US economy would be to allow the federal government to default on its debt. It would be an epic, unforced error — and millions of Americans would pay the price. And yet that unlikely situation is once again being

By Charles Riley, CNN Business El Salvador’s “Bitcoin Day” did not go especially well. The impoverished country’s vaunted adoption of bitcoin as legal tender on Tuesday was marred by street protests, technical glitches and an extreme drop in the value of the controversial digital currency. What went wrong? “Chivo Wallet,” a storage app created by

By Ella Nilsen, CNN President Joe Biden wants to corner the market on electric vehicles. In August, he announced a target that by 2030, half of the vehicles sold in the United States will be battery electric, fuel-cell electric or plug-in hybrid. It would be a seismic shift for an auto industry dominated by gas-powered

By Chris Isidore, CNN Business This week was supposed to be the time when many workers began returning to offices, and business travelers started returning to the air. Neither of those things is happening the way US airlines had counted on. With the rise of Covid-19 cases in recent months, many offices have pushed back

By CNN Business The-CNN-Wire™ & © 2021 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.

By Diksha Madhok, CNN Business BlackRock’s new investment fund in China — the first owned entirely by a foreign firm — has attracted $1 billion from Chinese investors in its first week. The world’s largest asset manager said Wednesday that the fund — which has now raised 6.68 billion yuan — was officially established this