Money

By Paul R. La Monica, CNN Business America’s red hot housing market may be finally cooling off. But don’t tell that to Williams-Sonoma. The news from Home Depot last week that fewer customers shopped at the retailer in the second quarter than a year ago was viewed as a sign that sales may be peaking.

By Jordan Valinsky, CNN Business Few things in life are worse than a soggy french fry. Wendy’s says it has a solution. The fast food chain is giving its top-selling menu item a makeover for the Covid era: a fry that retains more heat and keeps its crispiness longer compared to its predecessor. The upgraded

By Jeanne Sahadi, CNN Business The idea of making money on the side from owning a rental property can be very appealing, especially if you view the venture as a possible way to quit your day job eventually or subsidize your income when you retire. But becoming a landlord is not for the faint of

By Paul R. La Monica, CNN Business There have been multiple eulogies for Windows-based desktop personal computers and laptops in the past few years as smartphones seemingly rule the gadget landscape. But “old” tech giants Dell and HP, which both reported earnings after the close Thursday, are doing just fine in 2021. Dell said sales

By Charles Riley and Lauren Gunn, CNN Business UK food producers and supermarkets are warning that empty shelves could persist through the year-end holiday season unless the government acts to ease a shortage of workers and truck drivers caused by Brexit and the coronavirus pandemic. McDonald’s has already been forced to take milkshakes off its

By Brian Stelter, CNN Business Axel Springer, the German media conglomerate, has agreed to buy the Washington-based Politico franchise for more than $1 billion. Politico’s tech news sibling Protocol is also included in the deal, which was announced Thursday morning. Axel Springer and Politico already work together on a joint venture in Europe. Building on

Opinion by Thomas Harman for CNN Business Perspectives Right now, the American supply chain — which includes US ports, railroads, trucks, delivery services, warehouses and the many people who run them — is overwhelmed. As the economy recovers, there is a growing demand for an array of consumer goods as well as the parts, raw

By Matt Egan, CNN Business Sticker shock has even invaded the land of falling prices: online shopping. Through economic booms and busts, e-commerce has long been virtually immune to inflationary pressures. Average online prices dropped every year between 2015 and 2019. But Covid ended that once-reliable trend. Online prices jumped 3.1% year-over-year in July, according

By Anneken Tappe, CNN Business America’s economy expanded at a slightly faster pace than initially thought in the second quarter, the Bureau of Economic Analysis reported Thursday. Between April and June, US gross domestic product grew at an annualized and seasonally adjusted rate of 6.6%. The first look at the data last month put the

By Julia Horowitz, CNN Business The hottest debate among economists and investors is when central banks will back away from pandemic-era policies. After months of ambiguity, they finally have an answer — at least from South Korea. What’s happening: The Bank of Korea raised its base interest rate from 0.5% to 0.75% on Thursday. It

By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Staffers are angry, confused, and demanding answers inside ABC News after a lawsuit filed Wednesday alleged that former “Good Morning America” boss Michael Corn sexually assaulted two staffers. The allegations,

By Frank Pallotta, CNN Business Rachel Nichols — ESPN’s longtime NBA host — has been removed from coverage of the sport, and her weekday show “The Jump” has been canceled, the network confirmed Wednesday. David Roberts, ESPN’s senior vice president of production, said in a statement to CNN Business that the sides “mutually agreed that

By Danielle Wiener-Bronner, CNN Business Three Chick-fil-A locations in Alabama and one in Georgia have closed their dining rooms, citing challenges in hiring the workers they need. One of these, in Calera, Alabama, has also stopped curbside delivery and is limiting its catering ordering. Another, in Madison, Alabama, said it would stop curbside and mobile

By Frank Pallotta, CNN Business Disney World will require vaccinations for many of its employees at the Florida-based resort after the company made a deal with two of its employees’ unions. The resort, which is located in Orlando, Florida, reached an agreement with the Service Trades Council Union and the Actors Equity Association on Monday.

By Pete Muntean and Chris Isidore, CNN Business Delta Air Lines is raising health care costs for employees who insist on staying unvaccinated. The airline said that as of November 1, unvaccinated staff will pay up to $200 a month more for their company health insurance, depending on the coverage. It will also limit the

By Anneken Tappe, CNN Business Wall Street is going to cling to every word spoken this week at the nerdiest of economic nerdfests. The Federal Reserve will divulge its thinking about the next months and years’ worth of monetary policy at Friday’s virtual Jackson Hole Symposium. For analysts, the annual resort hangout for central bankers