Lordstown Motors backtracks, says it has no binding orders for electric truck
Lordstown Motors, the struggling electric truck startup, said that it has no firm orders for its vehicles, backtracking on assurances it made earlier…
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Why Wall Street is in such a rush to get workers back to the office
By Matt Egan, CNN Business Wall Street is wasting no time getting its employees back into the office — whether they want to be there or not. Morgan…
Continue Reading New Nielsen data shows that cable TV reigns supreme, but streaming is gaining fast
By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
Continue Reading A huge backlog at China’s ports could spoil your holiday shopping this year
By Laura He, CNN Business A coronavirus outbreak in southern China has clogged ports critical to global trade, causing a shipping backlog that could…
Continue Reading Top builder says the housing boom isn’t over just yet
By Paul R. La Monica, CNN Business Intense bidding wars and supply shortages for lumber and other building materials threaten to finally derail the…
Continue Reading Democrats want JPMorgan to refund Covid-era overdraft fees — and scrap them forever
By Matt Egan, CNN Business New York Democrats want JPMorgan Chase to return the overdraft fees the bank collected during the pandemic — and to…
Continue Reading JPMorgan Chase buys robo-adviser Nutmeg ahead of UK banking launch
By Julia Horowitz, CNN Business The biggest US bank is ramping up its plans to expand in the United Kingdom. JPMorgan Chase announced Thursday that…
Continue Reading CureVac shares drop 45% after disappointing Covid vaccine results
By Charles Riley and Maggie Fox, CNN Business Shares in CureVac plummeted on Thursday after the German biotech company said that interim trial…
Continue Reading Gold loses its shine as Fed hints at rate hikes
By Paul R. La Monica, CNN Business The Federal Reserve surprised the market Wednesday with projections that future interest rate hikes will come a…
Continue Reading Jobless claims unexpectedly rose last week
By Anneken Tappe, CNN Business Claims for unemployment benefits rose unexpectedly last week, marking the first increase in initial claims since late…
Continue Reading Financial markets are moving into a new era
By Julia Horowitz, CNN Business What Federal Reserve Chair Jerome Powell said in staid tones on Wednesday may not have sounded momentous. It was.…
Continue Reading Companies are celebrating Juneteenth in unique ways this week
By Chauncey Alcorn, CNN Business Major corporations are celebrating Juneteenth in unique ways this week. The annual June 19 tradition, which falls on…
Continue Reading Hong Kong police declare Apple Daily newsroom a crime scene as editors and executives arrested under national security law
By Eric Cheung, CNN Business Hong Kong police declared the Apple Daily newspaper office a crime scene Thursday, after 500 officers descended on the…
Continue Reading New Yorker, Ars Technica and Pitchfork reach agreement on union contracts after contentious battle with Condé Nast
By Kerry Flynn, CNN Business After a protracted battle that nearly led to a workers strike, the staffers at three Condé Nast publications — The…
Continue Reading Biden apologizes after losing temper while addressing CNN’s Kaitlan Collins: ‘I shouldn’t have been such a wise guy’
By Oliver Darcy, CNN Business President Joe Biden on Wednesday apologized to CNN’s chief White House correspondent, Kaitlan Collins, after he…
Continue Reading Uber and Lyft drivers call for federal intervention in their gig worker labor fight
By Chauncey Alcorn, CNN Business It’s been more than a year since San Francisco Uber driver Lucas Chamberlain was knocked unconscious by a…
Continue Reading The Fed expects to raise rates sooner than you’d think
By Anneken Tappe, CNN Business The Federal Reserve expects to raise interest rates in 2023, according to new economic projections the central bank…
Continue Reading IKEA, Nivea and Grolsch pull ads from GB News days after launch
By Hanna Ziady, CNN Business A number of companies are pulling advertising from GB News just days after Britain’s newest and most controversial…
Continue Reading Morgan Stanley CEO to NYC workers: Be back in the office by September or else
By Paul R. La Monica, CNN Business The CEO of one of Wall Street’s top investment banks has a message for employees in its New York offices.…
Continue Reading Reporter confronts Putin: ‘What are you so afraid of?’
By Oliver Darcy, CNN Business ABC News reporter Rachel Scott on Wednesday confronted Russian President Vladimir Putin about his crackdown on…
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