Money

By Anneken Tappe, CNN Business America’s jobs recovery got an unexpected boost in January despite the Omicron variant spreading rapidly throughout the country. The economy added 467,000 jobs last month, the Bureau of Labor Statistics said Friday, significantly better than most economists had expected. Restaurants and bars added more than 100,000 jobs. Positions in retail,

By Tami Luhby, CNN Business Lots of workers are getting raises, but for many, the pay hikes won’t buy them more at the grocery store or car dealership. In fact, wages are behind where they were when the pandemic began, if you take rising prices into account. Inflation-adjusted wages, which have been falling steadily since

By Sonia Moghe, CNN After a delay of more than a week due to the plaintiff’s having tested positive for Covid, attorneys finally gave opening statements in former Alaska Governor Sarah Palin’s defamation lawsuit against The New York Times on Thursday. The lawsuit centers around an editorial that the Times published in June 2017, shortly

By Brian Stelter, CNN Business On January 25 Jeff Zucker and Allison Gollust arrived together at CNN’s New York office for a very important meeting. On the agenda: An hours-long presentation of the new CNN+ streaming service for Zucker’s boss, WarnerMedia CEO Jason Kilar. The discussions and hands-on demonstrations were a success. Kilar flew back

by Chris Isidore, CNN Business Ford reported an unexpected drop in its fourth quarter earnings, rather than the improved results expected by Wall Street, but the company promised it sees a better 2022 ahead. The company reported income excluding special items of $1.1 billion, down from $1.4 billion on that same basis a year ago.

By Matt Egan, CNN Business US oil prices jumped above $90 a barrel on Thursday for the first time in more than seven years. The latest rally comes just a day after OPEC and its allies declined to aggressively ramp up production to cool off red-hot energy prices. Crude jumped 2.2% to $90.15 a barrel

By Anna Bahney, CNN Business Sky high real estate prices have made a growing number of homeowners “equity rich,” according to a report on home equity. That means they have at least 50% equity in their property, or put another way, that the amount they owe on the home is no more than half of

Opinion by Carlo Pizzinelli and Ippei Shibata for CNN Business Perspectives Almost two years after the pandemic upended labor markets, job openings are plentiful in many advanced economies, yet workers have not fully returned. The broader trend of plentiful jobs and not enough workers can have major implications for growth, inequality and inflation. This gap,