Money

By Eva Rothenberg, CNN (CNN) — Prices for rough diamonds — the raw, unpolished, and uncut stones — have dipped in 2023 as many post-pandemic consumers shy away from luxury goods. According to the Zimnisky Global Rough Diamond Index, prices are the lowest they’ve been in a year. Industry analysts attribute the slump to declining

By Eva Rothenberg, CNN (CNN) — A coalition of eight unions representing 75,000 employees of Kaiser Permanente said late Saturday that is has not reached an agreement with the company, setting the stage for the largest healthcare strike in US history on Wednesday. The Coalition of Kaiser Permanente Unions, which has workers at hundreds of

By Eva Rothenberg, CNN (CNN) — Swiss multinational investment bank UBS says it is not aware of a probe by the US Department of Justice into suspected compliance-related missteps by its subsidiary Credit Suisse that reportedly allowed Russian clients to skirt sanctions. “The recent reporting on an alleged probe by the US Department of Justice

By Chris Isidore, CNN New York (CNN) — It seems like everyone is hitting the picket lines these days. And this past week, for the first time ever, that included a sitting president of the United States. President Joe Biden’s unprecedented visit to the United Auto Workers picket line on Tuesday only brought more attention

By Peter Valdes-Dapena, CNN Business (CNN) — When a woman gets in the driver’s seat of a car she often faces a challenge. Where to put her bag? There’s just not a good place. There’s the passenger seat, if its empty, or the foot well in front of it or even on the back seat,

By Michael Nam, CNN Business (CNN) — The Atari home video game system took the late1970s and early 1980s by storm, complete with faux wood paneling and a classic joystick with a big red button. Rival systems eventually surpassed the video-game pioneer but its iconic status, and fans, remained. Atari has been working to rebuild

By Parija Kavilanz, CNN New York (CNN) — Lou Martins is angry, frustrated, and disappointed but not surprised that the first Target store to open in Manhattan — in his New York City neighborhood — is closing in October. Target this week cited large-scale theft and safety concerns for employees and customers for its decision

By Samantha Delouya, CNN (CNN) — A labor contract for thousands of unionized health care workers across five states and Washington, DC, is set to expire on Saturday at 11:59 pm PT, potentially triggering the largest health care strike in US history. More than 75,000 health care employees who work at hundreds of Kaiser Permanente

By Danielle Wiener-Bronner, CNN New York (CNN) — Starbucks violated federal labor law when it increased wages and offered new perks and benefits only to non-union employees, a National Labor Relations Board judge found Thursday. The decision is the latest in a series of NLRB rulings finding that Starbucks has violated labor law in its

By Ramishah Maruf, CNN New York (CNN) — Toys “R” Us stores are making another comeback — this time it’s at airports and cruise ships. WHP Global, the toy store’s parent company, announced an expansion of up to 24 flagship stores, as well as opening stores at airports and cruise ships. Aptly named the “air,

By Matt Egan New York (CNN Business) — Treasury Secretary Janet Yellen will warn Congress in a speech later Friday morning that a government shutdown would be “dangerous and unnecessary” because it would undermine the American economy and disrupt key government functions. The comments, shared first with CNN, represent the strongest warning to date from

CNN By Matt Egan New York (CNN Business) — Treasury Secretary Janet Yellen will warn Congress in a speech later Friday morning that a government shutdown would be “dangerous and unnecessary” because it would undermine the American economy and disrupt key government functions. The comments, shared first with CNN, represent the strongest warning to date

By Jordan Valinsky, CNN New York (CNN) — Torrential rain affecting most of New York City is having an effect on area air travel. The Federal Aviation Administration has issued a ground stop for New York’s LaGuardia airport, holding departing flights because of flooding and heavy rain. As of 12:30 pm ET, there are about

By Chris Isidore, CNN New York (CNN) — The United Auto Workers union is expanding its strike to one additional assembly plant each at Ford and General Motors, but said progress in talks at Stellantis was keeping the union from expanding picket lines there. UAW President Shawn Fain said the new facilities that will go

By Bryan Mena, CNN Washington, DC (CNN) — Americans are taking notice of a possible government shutdown and the uncertainty of ongoing labor strikes, according to the University of Michigan’s latest consumer sentiment survey. The university’s Consumer Sentiment Index edged lower by 1.4 points in September, according to a final reading. That means US consumers

By Alicia Wallace, CNN Minneapolis (CNN) — Higher gas prices heated up overall inflation last month, but the Federal Reserve got some welcome news: Its preferred inflation gauge cooled to its lowest level in two years. The core Personal Consumption Expenditures index, a closely watched inflation measure that excludes gas and food prices, rose 3.9%

By Jordan Valinsky, CNN New York (CNN) — Blue Apron shares soared more than 130% Friday after the once-hot meal kit delivery service announced it was being acquired. Wonder Group, a food delivery startup led by former Walmart and Jet executive Marc Lore, is buying Blue Apron in a deal that gives shareholders $13 per

By Chris Liakos and Martin Goillandeau, CNN Paris (CNN) — French billionaire Bernard Arnault and Russian Oligarch Nikolai Sarkisov are under “preliminary investigation” for their alleged involvement in “transactions likely to constitute money-laundering offences,” the Paris Public Prosecutor’s Office told CNN. The Prosecutor’s Office confirmed earlier reporting from French publication Le Monde. As the subject

By Samantha Delouya, CNN Los Angeles (CNN) — Tens of thousands of unionized health care workers are set to walk off the job starting Wednesday if contract negotiations with their employer, Kaiser Permanente, fall through this weekend. Here are five things to know about the potential strike: This would be the largest ever health care

Analysis by Hanna Ziady, CNN London (CNN) — In 1913, Henry Ford’s moving assembly line transformed carmaking. Ford’s groundbreaking innovation drastically reduced the time it took to assemble a car, enabling mass production and slashing vehicle prices. More than a century later, carmaking is undergoing a similarly seismic shift. Only this time, Ford Motor Company