Money

By Peter Valdes-Dapena, CNN Business Startup automakers, like Lucid and Rivian, often make the point that, as Tesla has shown, electric car shoppers are open to trying new brands. What’s true for startups, though, is also true for big automakers like Ford, General Motors and Volkswagen. For those long-established car companies, new electric vehicles are

By Paul R. La Monica, CNN Business What an end to a tumultuous week on Wall Street. Friday kicked off with disappointing news as just 210,000 jobs were added last month, much lower than expected. Stocks initially opened higher before dipping into the red. Investors were clearly hoping for better jobs numbers. After all, the

By Anna Bahney, CNN Business There is still emergency rental assistance available for those struggling to cover their rent because of the pandemic. But some of that aid will soon be shifted to places that have run out of funds and still have people in need of help. The US Department of Treasury will begin

By Anneken Tappe, CNN Business The November jobs report looked disappointing at first glance, but the details show that the recovery is very much moving along. US employers added another 210,000 jobs to the economy in November, far fewer than expected, the Bureau of Labor Statistics reported Friday. It was the smallest number of jobs

By Angela Dewan and Julia Horowitz, CNN Business Shell has pulled out of a controversial oil project in Scotland that was strongly opposed by climate activist groups. The company said its decision was based on the economics of the project and the risk of delays, and that it remained committed to its oil and gas

By Chris Isidore, CNN Business Major League Baseball’s string of 26 straight seasons of labor peace came to an end early Thursday when the owners locked out the players. That’s bad news for fans of the sport, even if there isn’t a single game canceled as a result. In the world of labor relations, a

By Matt Egan, CNN Business The worldwide computer chip shortage is fanning the flames of inflation and limiting the supply of everything from iPhones to new cars. Unfortunately, this highly disruptive shortage is unlikely to go away until “deep into 2022,” Commerce Secretary Gina Raimondo told CNN. Raimondo, who recently toured semiconductor factories in Asia,

By Anneken Tappe, CNN Business The stock market’s volatility is showing no signs of letting up. US equities rallied on Thursday, rebounding from the prior two days of steep losses. All three major indexes ended the day in the green and then some: The Dow finished up nearly 620 points, or 1.8%. It was the

By Nathaniel Meyersohn, CNN Business Dollar General has become a retail empire by building small stores in rural towns across America to attract mainly low-income shoppers. Now, the company will expand its push to win wealthier customers in the suburbs using a new store model and name: Popshelf. Dollar General said Thursday it will open