Money

By Anna Bahney, CNN Business Home prices across the US have seen stratospheric increases within the past year as demand for homes spiked and inventory tanked. And those higher prices have pushed mortgage giants Fannie Mae and Freddie Mac to raise the limits of government-backed loans to a record level for 2022, with the maximum

By Chris Isidore, CNN Business Amazon had at least 20,000 employees test positive for Covid-19 last year. But it reported that only 27 of those cases were contracted while the employees were at work. The company’s reporting amounts to a “hidden pandemic,” according to a coalition of four unions interested in establishing representation for Amazon

By Parija Kavilanz, CNN Business If you’re the kind of shopper who holds out for the bigger and better year-end deals after Christmas, you could be out of luck this season. Come January, those ridiculously-deep clearance sales might be much harder to find. Blame the messed up global supply chain. January is the golden month

By Paul R. La Monica, CNN Business So much for a year-end Santa Claus rally? The broader market has pulled back in the past week as worries about the Omicron variant of Covid-19 have rattled investors’ confidence. These latest coronavirus concerns have traders wondering if this is finally the end of the long running bull

By Anna Bahney, CNN Business Home prices rose 19.5% in September compared to a year ago, according to the S&P CoreLogic Case-Shiller national home price index. But even that huge increase was a slight slowdown from August, when prices rose by 19.8%. September marked the first time year-over-year gains have decreased since May, according to

Opinion by Joseph Stiglitz and Lori Wallach for CNN Business Perspectives If international organizations are subject to karma, last week’s abrupt postponement of the World Trade Organization (WTO) Ministerial Conference, the body’s first major decision-making gathering in four years, was fated to be. News of the emergence of Omicron, the latest coronavirus variant, not only

By Moira Ritter, CNN Business The supply chain is facing major blockages, and container ships are heaping pollution into communities near the congested ports. The biggest offenders are, unsurprisingly, the world’s biggest retailers, according to a new report Tuesday conducted by environmental organizations Stand.earth and Pacific Environment. The report shows that goods imported to the

By Nathaniel Meyersohn, CNN Business The Federal Trade Commission said Monday that it is ordering Amazon, Walmart, Kroger, Procter & Gamble, Tyson, Kraft Heinz and several major wholesalers to grocery stores to turn over information in a wide-ranging inquiry examining the causes of empty shelves and surging prices in the United States. The antitrust watchdog

By Walé Azeez, CNN Business European consumer prices are rising at their fastest pace since 1997. Annual inflation across the 19 countries that use the euro, including Europe’s largest economies Germany, France, Italy and Spain, hit 4.9% in November, driven mainly by soaring energy prices, according to Eurostat, the EU statistics office. That’s the highest

By Oliver Darcy, CNN Business Lara Logan, a Fox News personality and host on its streaming service, was condemned by prominent Jewish groups and the Auschwitz Museum after she compared Dr. Anthony Fauci to a Nazi doctor infamous for performing medical experiments at the Auschwitz death camp. In an appearance on “Fox News Primetime” Monday,

By Paul R. La Monica, CNN Business It looks like Tesla’s Elon Musk isn’t the only high profile CEO getting rid of shares in the company they run. Microsoft chairman and CEO Satya Nadella has shed more than half of his stake in the software giant in the past week. Nadella sold nearly 840,000 shares