Money

By Philip Wang, CNN Business The World Bank says it will stop publishing its annual Doing Business economic report after an independent investigation found bank leaders placed “undue pressure” on staffers to alter data to inflate the rankings for China and Saudi Arabia in 2018 and 2020 editions of the report. The bank commissioned the

By Anneken Tappe, CNN Business It’s been a wobbly week on Wall Street and CNN Business’ Fear and Greed Index is flashing “Fear.” The stock market is in a weird place. It has fallen in most of the trading sessions this month. The S&P 500, which is the broadest measure of the US stock market,

Opinion by Jennifer M. Granholm for CNN Business Perspectives The image of a collapsed electrical tower and power lines that Hurricane Ida tossed into the Mississippi River illustrated a fundamental challenge facing the nation: Our power systems weren’t built to withstand extreme weather events. Without major investments to reinforce, modernize and clean our grid, the

By Julia Horowitz, CNN Business “Delta? What Delta?” That was the take from Ian Shepherdson, chief economist at Pantheon Macroeconomics, after seeing the data on US retail sales for August. What’s happening: Contrary to expectations, US retail sales increased last month as consumers continued to shell out on clothing, furniture and groceries. It’s a promising

By Diksha Madhok, CNN Business China has applied to join a major Asia-Pacific trade partnership that the United States ditched several years ago, as the world’s second largest economy tries to bolster its relationships in the region. Chinese Commerce Minister Wang Wentao applied for membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP),

By Michelle Toh, CNN Business The troubles of Chinese conglomerate Evergrande have dominated headlines after it warned once again that it could default on its astronomical debt because of a cash crunch. Experts have characterized the firm’s struggles as a major test for Beijing that risks turning into China’s Lehman Brothers moment, sending shockwaves across

By Jeanne Sahadi, CNN Business Maintaining a healthy environment during a pandemic without alienating employees and customers who don’t want to wear masks or get vaccinated has been a headache for small business owners. Although everyone has questions about how it will work, some were relieved by President Biden’s announcement last week that employers with

By Brian Stelter, CNN Business Sony Pictures Television has bought itself some time to sort out its “Jeopardy!” mess. Mayim Bialik and Ken Jennings, who are both part of the game show’s television family, will host the show “through the end of the calendar year,” Sony said Thursday. This timing will give Sony executives at

By Chris Isidore, CNN Business United Airlines has achieved a high level of compliance with the strict vaccine mandate it set for its 67,000 US employees. But the airline’s CEO doesn’t believe expanding that requirement to passengers is a good idea. United CEO Scott Kirby told CNN that about 90% of the company’s employees have

By Allison Morrow, CNN Business This week the Wall Street Journal released a series of scathing articles about Facebook, citing leaked internal documents that detail in remarkably frank terms how the company is not only well aware of its platforms’ negative effects on users but also how it has repeatedly failed to address them. There’s

By Matt Egan, CNN Business The implosion of Lehman Brothers, 13 years ago this week, showed how the collapse of a single entity can send shockwaves around the world. Echoes from that event are resounding today as a massive property developer on the other side of the world teeters on the brink of default. The