Money

By Matt Egan Congress is flirting with a shutdown that would cost the US economy $1.8 billion for each week the government is closed, according to estimates by S&P Global Ratings. “The shutdown, if it’s brief, wouldn’t be a disaster, but would still reduce some of the economic gains the US has felt from the

By Chris Isidore, CNN Business Kellogg reached a tentative agreement late Wednesday night with the union that has been striking at its cereal factories for two months, signaling the end of one of the nation’s highest profile labor disputes. “We are pleased to announce that Kellogg Company and the union have reached a tentative agreement

By Anneken Tappe, CNN Business The US jobs recovery has picked up steam again in the final months of the year, bringing some good news in the face of persistently rising prices and a new Covid variant. Economists polled by Refinitiv expect another sizable jobs gain in Friday’s November employment report — 550,000 positions. If

By Julia Horowitz, CNN Business SPACs started out the year with a bang that soon became a fizzle. But don’t count the Wall Street fad out just yet. What’s happening: Grab is set to start trading Thursday on the Nasdaq after raising $4.5 billion, giving the Singaporean startup a market value of nearly $40 billion.

By Danielle Wiener-Bronner, CNN Business It may be harder to find deals in the grocery store these days. Flashfood wants to help fix that, while also preventing food waste. Here’s how it works: The Flashfood app shows which grocers in your area have partnered with the startup. Once you click into the store, you can

By Michelle Toh, CNN Business The Southeast Asian unicorn Grab had a rough first day on Wall Street. The Singaporean startup closed down nearly 21% Thursday as it began trading on New York’s Nasdaq. Grab went public by merging with a special-purpose acquisition company, or SPAC. The deal — in which Grab raised $4.5 billion,

By Jack Guy, Lauren Kent and Max Foster, CNN Business Meghan, Duchess of Sussex, has won the latest round of a prolonged privacy battle with the publisher of the Mail on Sunday. A UK court on Thursday dismissed an appeal brought by Associated Newspapers Limited (ANL) against a previous judgment that the duchess had a

By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. One of President Biden’s many fights right now is a fight against perceptions: Of economic peril, a never-ending pandemic, and his own political weakness. In recent speeches, he is issuing

By Manveena Suri and Rhea Mogul, CNN India has formally repealed three contentious farm laws that sparked more than a year of protests, nearly two weeks after Prime Minister Narendra Modi was pushed into a rare policy reversal that saw the legislation withdrawn. The country’s President Ram Nath Kovind signed a bill repealing the laws

By Carma Hassan, Michelle Watson, CNN Business Prominent Christian televangelist and anti-vaccine advocate Marcus Lamb died after being hospitalized with Covid-19, his family announced Tuesday. Lamb founded Christian television network Daystar Television Network in 1997. His wife Joni Lamb, announced the televangelist’s death on Daystar’s program streamed to Facebook Tuesday. She said her husband had