Money

By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. There’s no relationship quite like it in politics or media: A pair of brothers, one governing the fourth biggest state in the country, the other hosting one of the most

By Anneken Tappe, CNN Business The chairman of the Securities and Exchange Commission doesn’t have a lot of love for cryptocurrencies. “This asset class is ripe with fraud, scams and abuses in certain applications,” SEC chairman Gary Gensler said during an interview at the virtual Aspen Security Forum. Gensler also said he believes cryptocurrencies are

By Nathaniel Meyersohn, CNN Business Meat producer Tyson Foods’ announcement Tuesday that it will require all its workers to be fully vaccinated against Covid-19 by November 1 is hardly the norm when it comes to vaccine rules for frontline employees. Most company mandates so far have been for corporate workers. It points to a divide

By Chris Isidore, CNN Business Embattled truck maker Nikola says its legal woes are done, but now it has a new problem: the computer chip shortage that’s crippling the entire industry. Nikola had been telling investors that it planned to start delivery of 50 to 100 of its hydrogen-powered and electric trucks in the fourth

By Kathryn Vasel, CNN Business Microsoft is joining the growing list of companies that are requiring workers to get vaccinated. The tech firm said Tuesday that employees, vendors and guests entering Microsoft’s buildings in the US will be required to show proof of vaccination beginning in September. “As we have done since the beginning of

By Alexis Benveniste, CNN Business New York City will require proof of vaccination to enter all restaurants, fitness centers and indoor entertainment venues, Mayor Bill de Blasio announced Tuesday. “If you’re unvaccinated, unfortunately, you will not be able to participate in many things,” de Blasio said. “If you want to participate in our society fully,

By Anneken Tappe, CNN Business Americans have more debt than ever before. A surge in credit card spending and home purchases caused US household debt to increase by $313 billion, or 2.1%, in the second quarter, according to the Federal Reserve Bank of New York. That’s the largest nominal jump since 2007 and the biggest

By Julia Horowitz, CNN Business Wall Street isn’t convinced that the world’s biggest oil firms can successfully overhaul their businesses as the climate crisis accelerates. The industry response? To dangle more cash. What’s happening: BP, which announced results that beat expectations on Tuesday, upped its dividend by 4% to 5.46 cents per share and said

By Jordan Valinsky, CNN Business PepsiCo is selling a controlling stake of its juice brands, which includes Tropicana and Naked, to a private equity firm in a multibillion dollar deal. The sale is part of the company’s broader efforts to focus on faster-growing beverages as customers increasingly ditch sugary drinks. In the deal announced Tuesday,

By Diksha Madhok, CNN Business Tencent has announced new limits on the amount of time minors can spend playing the company’s online games, even as investors worry that China may extend its historic crackdown on the private sector to the gaming industry. Those fears were stoked Tuesday after Economic Information Daily — a business newspaper