Money

By Matt Egan, CNN Business Democratic Senator Elizabeth Warren is calling on the Federal Reserve to break up Wells Fargo following years of scandal at America’s most troubled big bank. The push from Warren marks an escalation in her long-running campaign to hold Wells Fargo accountable for ripping off customers. “Every single day that Wells

By Charles Riley and Anna Cooban, CNN Business The British government has once again delayed the introduction of checks on imports from the European Union as the food and drink industry warns that shortages caused by Brexit and the coronavirus pandemic could become permanent. Checks on food products from the European Union have been pushed

By Hanna Ziady, CNN Business Britain’s strict Covid-19 testing requirements for overseas visitors and Brits wishing to holiday abroad had a “devastating impact” on the UK travel industry this summer, causing it to fall behind European rivals and putting thousands of jobs at risk. That’s according to Britain’s Travel Association, which said Tuesday that more

By Nathaniel Meyersohn, CNN Business Amazon plans to hire 125,000 permanent warehouse and logistics workers in the United States ahead of the holiday shopping stretch, pledging higher wages, new benefits and sign-on bonuses for some of the jobs to draw staff in a tight labor market. Amazon said Tuesday that these jobs offer an average

By Chris Isidore, CNN Business President Joe Biden’s push to mandate vaccines or weekly Covid tests for large companies should lead to about 12 million more people getting the vaccine, according to analysis by Goldman Sachs. The order, announced last week, applies to businesses with 100 or more employees. Those employers have about 80 million

By Anneken Tappe, CNN Business Inflation took a breather in August, coming down from a 13-year high. Still, price increases remain uncomfortably high compared to before the pandemic. Consumer prices rose 5.3% in the year ended in August, slightly below the 5.4% increase in June and July, the Bureau of Labor Statistics said Tuesday. Stripping

By Samantha Murphy Kelly, Rishi Iyengar, Clare Duffy and Kerry Flynn, CNN The-CNN-Wire™ & © 2021 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.

By Julia Horowitz, CNN Business Earlier this month, shares of Apple — the most valuable company in the world — hit an all-time high. The stock has slipped back a bit in recent sessions. Now, in the face of intense legal pressure and embarrassing security breaches, can it resume its ascent? If you ask Wall

By Matt Egan, CNN Business As Washington gets into yet another fight over raising the debt ceiling, billionaire investor David Rubenstein is hoping Congress gets rid of the federal borrowing limit altogether. “We should take a serious look at eliminating the debt limit. No other country in the world — none, zero — has a

By Jordan Valinsky, CNN Business Taco Bell is testing a tasty monthly subscription service. In about 20 participating restaurants across Tucson, Arizona, customers can pay between $5 to $10 per month for a Taco Lover’s Pass, which gives subscribers one taco a day for 30 days. The app-based program is currently active until November 24.

By Matt Egan, CNN Business Procter & Gamble is launching a new climate goal that for the first time takes aim at slashing the pollution generated by the company’s vast supply chain. The maker of Tide detergent and Bounty paper towels told CNN it plans to achieve net zero greenhouse gas emissions across its operations

By Michelle Toh and CNN’s Beijing bureau, CNN Business Evergrande is once again warning that it could default on its huge debts as it struggles to cut costs or find anyone to buy some of its assets. The embattled Chinese property giant has already warned in recent weeks of its cash crisis, listing $300 billion

By Diksha Madhok, CNN Business Intuit is buying email newsletter platform Mailchimp for about $12 billion in its biggest deal ever. The maker of tax return product TurboTax and other financial software announced the cash-and-stock deal Monday, saying that it hopes Mailchimp will help it “become the center of small business growth.” As part of

By Matt Egan, CNN Business Whirlpool is offering to pay workers $1,000 to get vaccinated against Covid-19. The new vaccine incentive, confirmed by Whirlpool to CNN, underscores how Corporate America is trying to win over vaccine-hesitant workers. The vaccine bonus comes as the Biden administration prepares an emergency rule that will require large companies, like

By Kerry Flynn, CNN Business TMZ is now part of Fox Entertainment, the companies announced Monday. The news and entertainment brand, best known for breaking news on celebrity gossip and deaths, was previously owned by WarnerMedia, which also owns CNN. But WarnerMedia’s parent company AT&T has been shedding assets to help pay down its debt

By Julia Horowitz, CNN Business Andrew Neil has stepped down as chairman of GB News, just three months after the channel launched in the United Kingdom with a pledge to take on “woke warriors.” Neil, a former BBC journalist with more than four decades of experience, will also abandon his prime time show, though he’ll