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By Gregory Wallace, CNN Business The Federal Aviation Administration is warning more air travel headaches may be in store, even as airlines cancel thousands of flights because of coronavirus crew shortages and other issues. The FAA said Friday an “increased number” of its own employees are testing positive for the virus. That could force it

By Matt Egan, CNN Business Omicron is messing with back-to-the-office plans for both JPMorgan Chase and Citigroup. Citing the spike in Covid-19 cases, both big banks told US employees on Thursday that they can start 2022 by working remotely. In a memo obtained by CNN, Citi asked its US employees to work from home for

By Chris Isidore, CNN Business Warren Buffett, the ninth-richest person on the planet, says it’s not up to him to settle a strike by 450 steelworkers at a company he owns. Sen. Bernie Sanders wrote a letter to the Berkshire Hathaway CEO, requesting that he intervene in a United Steelworkers union strike at the Special

By Paul R. La Monica, CNN Business The year’s last day of trading was a relatively quiet one. Stocks ended the day slightly lower Friday. But 2021 was still a banner year for Wall Street. The Dow fell about 60 points Friday, or 0.2%. It was up 19% this year. The Nasdaq closed down 0.6%

By Parija Kavilanz, CNN Business Ikea said its customers will pay more when they shop at its stores in 2022. Like many companies with tight profit margins, the world’s biggest furniture seller is struggling to absorb higher costs because of ongoing global supply chain problems. Ikea said prices at its stores will increase by an

By Parija Kavilanz, CNN Business Enough already! Can we call it a wrap on 2021? As if this year hasn’t been challenging enough, it’s leaving us with one more parting shot — a Champagne shortage. Revelers looking forward to cheering in 2022 with a favorite bubbly should brace for possible disappointment — especially if you

By Anneken Tappe, CNN Business America’s latest report on unemployment benefits is proof that the US jobs recovery is still in full-swing. The average number of weekly jobless benefits claims over the past four weeks fell to 199,250. That’s the lowest four-week moving average since October 1969, the Labor Department reported Thursday. Last week alone,

Opinion by Bill Carter for CNN Business Perspectives ‘Tis the season; but there aren’t many reasons to be jolly. The pandemic is back, not that it ever really left. Headlines are again dominated by explosively rising case numbers, which means equally rising levels of depression and panic. Covid is a news story so inescapable it