Money

By Alicia Wallace, CNN Business Heading into the all-important holiday shopping season, American consumers still aren’t feeling very confident about the state of the US economy. The University of Michigan’s consumer sentiment index landed at 56.8 in November, up from the preliminary reading of 54.7 measured earlier this month but lower than the 59.9 recorded

By Vanessa Yurkevich, CNN A US freight rail strike could cost the US economy $1 billion in the first week of the strike, according to a new analysis from the Anderson Economic Group. In the first three days alone, US workers and consumers could see potential losses of a quarter billion dollars as a transit

By Anna Cooban and Uliana Pavlova, CNN Business Europe is bracing itself for further cuts to its supply of Russian natural gas as Moscow threatens to slash flows to Moldova, a country on Ukraine’s southwestern border. Russian state gas giant Gazprom said Tuesday it would reduce shipments to the country starting Monday over disputed claims

By Danielle Wiener-Bronner, CNN Business Over the past year, as some meat prices have fallen, chicken prices have remained stubbornly high. Strong demand, supply issues and even breeding problems with under-performing roosters kept the pressure on. The supply shortage even had some restaurants, like Wingstop, experimenting with less popular items like thighs. But now conditions

By Chris Isidore and Vanessa Yurkevich, CNN Business In September, President Joe Biden, the most union friendly president in recent history, got personally involved in negotiations that reached a tentative labor deal that averted a strike at the nation’s major freight railroads. It was a deal he hailed as a “win for tens of thousands

By Jeanne Sahadi, CNN Business If you get paid through apps like Venmo or PayPal or platforms like Etsy or Airbnb, preparing your taxes next year may be a little more confusing than usual. A new tax reporting rule requires third-party payment platforms to issue you and the IRS a 1099-K for business transaction payments

By Paul R. La Monica, CNN Business The holidays are rapidly approaching, and for the toy company Hasbro, a slowing economy could be a proverbial Grinch that steals Christmas. Shares of Hasbro, which makes toy brands including Play-Doh and Monopoly, are already down 40% this year. That’s more than twice the drop of competitor Mattel’s

By Jordan Valinsky, CNN Business Perhaps one of the greatest mysteries of Thanksgiving is the cranberry sauce — and we’re not even talking about why people eat it: What’s the deal with the upside-down labels on Ocean Spray cans of the stuff? Observant consumers have noticed that the Ocean Spray labels on jellied cranberry sauce

By Danielle Wiener-Bronner, CNN Business Starbucks is closing the store in Seattle where employees were the first to vote to form a union in the chain’s home city. A company spokesperson cited safety concerns, saying that “unfortunately, despite several mitigating efforts, safety and security incidents at our Broadway and Denny store have continued to escalate.”