Money

By Matt Egan, CNN Business The percentage of the adult population not working because of Covid-related reasons tripled between December and January, according to Goldman Sachs. The Wall Street bank, citing the latest Household Pulse Survey of roughly 75,000 respondents from the Census Bureau, said the share of adults not working due to virus-related reasons

By Kathryn Vasel, CNN Business The past 22 months of the pandemic have forced many companies to recruit, work and retain talent remotely. And that means some workers just entering the labor force have never worked in an office, met any colleagues in-person or commuted farther than a few feet. ‘A happier employee’ Morgan Tolles

By Paul R. La Monica, CNN Business Stocks are off to a tough start this year. The tech-heavy Nasdaq is already in a correction, a more than 10% drop. And if one the most influential hedge fund managers is to be believed, this could be only the beginning of a very painful time for investors.

By Parija Kavilanz, CNN Business Just after Thanksgiving, Carmen Allen became alarmed by the jump in prices and shortages of food products at her local grocery stores. “Cake mix,” Allen says. “I was worried I wouldn’t find enough of it to give out in our food baskets.” Allen serves as president and executive director of

By Jeremy Harlan and Carma Hassan, CNN Business Nearly 8,000 workers at 78 King Soopers and City Market grocery stores in Colorado will return to work starting Friday, after union leaders and management reached a tentative three-year work agreement. The strike, which began January 12, was the nation’s second-largest in the last two years —

By Paul R. La Monica, CNN Business Peloton had a disastrous 2021. But as impossible as it may seem, the exercise equipment company is arguably off to an even worse start to 2022. Shares of Peloton are down nearly 25% this year and trading at their lowest level in nearly two years. The stock was

By Paul R. La Monica, CNN Business Intel was once the undisputed king of the semiconductor industry until the chip giant lost momentum to rivals Nvidia and Advanced Micro Devices in recent years. Now, with a new CEO, Intel is regaining some of its swagger. Intel, whose stock fell more than 15% in 2020 and

By Diksha Madhok, CNN Business Cryptocurrencies have had a dismal start to the year, and continue to plunge as major economies around the world look to curb their growing popularity. Bitcoin has fallen over 7% in the last 24 hours, and was trading at $39,097 as of 3:00 am ET, according to CoinDesk. The world’s

By Laura He, CNN Business Evergrande’s international creditors are losing patience. A group of the company’s overseas bondholders are threatening to take legal action over its “opaque” debt restructuring process, the latest sign of trouble for the embattled Chinese developer. They said in a statement Thursday they’ve had to “seriously consider enforcement actions” after Evergrande