Money

By Charles Riley, CNN Business The Senate voted along party lines to raise the debt ceiling on Thursday, authorizing $480 billion in borrowing that avoids a looming US government default but sets up another showdown in early December. Investors no doubt should be relieved. Alarm bells had been ringing on Wall Street for weeks, and

By Ben Westcott, CNN For journalist Maria Ressa, reporting the news has always been the priority. But the newly honored Nobel Peace Prize winner says she has been forced to “become the news” simply because of her determination to do the job properly and defend the rule of law. A day before receiving the Nobel

By Laura He, CNN Business China has ordered its coal mines to ramp up production in a bid to ease a power crisis, as the country struggles to balance its need for electricity with efforts to tackle the climate crisis. Authorities in Inner Mongolia, China’s second largest coal-producing province, have asked 72 mines to boost

By Anneken Tappe, CNN Business America’s economic recovery has hit a roadblock: US employers added only 194,000 jobs in September, another troubling sign that Covid is disrupting the economy. It marked the second-straight month in which the US economy added far fewer jobs than expected. Jobs growth slowed down dramatically in August. The unemployment rate

By Rob Picheta, CNN The Nobel Peace Prize has been awarded to journalists Maria Ressa and Dmitry Muratov, for their longstanding efforts to safeguard freedom of expression in the Philippines and Russia. Ressa is the CEO of Rappler, a news outlet critical of Philippine President Rodrigo Duterte’s regime, while Muratov heads the independent Russian newspaper

By Frank Pallotta, CNN Business One month into the 2021 season, the NFL’s viewership is up around 17% compared to this time last year. The league is attracting an average of roughly 17 million viewers across its various network partners, according to Nielsen data. Those numbers are not only pretty good, but also represent a

By Parija Kavilanz, CNN Business Levi’s says it could take a while before consumers are ready to toss aside a pair of comfy baggy jeans for dressier clothing. “The casualization trends that have been accelerated by the pandemic globally are here to stay, and the denim cycle we started pre-pandemic is continuing to drive growth,”