Prices of goods have been steadily increasing in the past few months and with shipping ports not sending out much-needed supplies, inflation has been on the forefront of most businesses.
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Here’s one announcement your local grocery store may soon make over the intercom, “Attention Thanksgiving shoppers, we’re all out of turkeys.”
Continue ReadingBy Anna Bahney, CNN Business The most expensive areas to live in the US have gotten even more pricey this year as the cost of homes has skyrocketed. The country’s top ten most expensive zip codes all have median home prices of more than $4 million, according to a report from Property Shark. This is
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Americans are typically more concerned about Thanksgiving plans before they get a chance to think about tree shopping. However, consumers may want to act faster this holiday season.
Continue ReadingBy Ramishah Maruf, CNN Business Southwest Airlines is the latest carrier to offer new incentives to its employees during the holidays, as airlines gear up to avoid operational delays during a peak travel season. The company is offering operational employees, such as flight attendants and pilots, who work qualifying shifts between November 15 and January
Continue ReadingBy Chris Isidore, CNN Business Another day, another billion dollars. Or in Elon Musk’s case, $1.2 billion. A filing late Friday shows that Musk sold another 1.2 million shares of Tesla stock on Friday, at an average price of $1,030 a share. It brings his sales for the week to a total of 6.4 million
Continue ReadingBy Frank Pallotta, CNN Business It sounds crazy to say this, but Disney could really use a hit right now. Disney reported Wednesday that its streaming growth slowed dramatically last quarter, sending shares of the company down as much as 8.5% on Thursday morning. No surprise there: Disney’s media empire may stretch to parks, cable
Continue ReadingCNN, CNN BUSINESS 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. MSNBC has a talent problem on its hands. Brian Williams told network management on Tuesday that he is passing on their offer of a new contract. He
Continue ReadingBy Anna Bahney, CNN Business The median price of single-family existing homes rose in nearly all — 99% — of the 183 markets tracked by the National Association of Realtors in the third quarter, with double-digit price increases seen in 78% of the markets. But the stratospheric surges in prices have slowed a bit from
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The Bureau of Labor Statistics has reported how the average United States consumer price inflation has increased again in October.
Continue ReadingCNN, CNN BUSINESS By Paul R. La Monica and Chris Isidore, CNN Business General Electric, the industrial conglomerate founded by Thomas Edison in 1892, is breaking up. GE announced plans Tuesday to split into three separate companies. GE will become separate, publicly traded companies for its aviation, healthcare and energy businesses. The company said it
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A recent survey reports the average U.S. price of regular-grade gasoline jumped by 5 cents over the past two weeks, to $3.49 per gallon.
Continue ReadingBy Ramishah Maruf, CNN Business American Airlines is giving flight attendants who work during the holidays a one-time holiday pay premium, the company announced in an internal memo. The increased holiday pay comes after an operational meltdown during Halloween weekend, which forced the airline to cancel thousands of flights partly due to staffing shortages. Flight
Continue ReadingBy Ramishah Maruf, CNN Business Elon Musk says he’ll let Twitter users decide if he should sell 10% of the 170.5 million shares he holds in Tesla. Musk, the company’s founder and CEO and posted a Twitter poll Saturday afternoon which said, “Much is made lately of unrealized gains being a means of tax avoidance,
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A government report released Thursday shows the U.S. trade deficit jumped to a record high in September.
Continue ReadingCNN, CNN BUSINESS By Vanessa Yurkevich, CNN Ford will mandate vaccines for most of its 32,000 US salaried employees, a spokesperson for the company said Wednesday. Those workers have until December 8 to be fully vaccinated. Employees who refuse to do so and do not have an approved religious or medical exemption could be put
Continue ReadingCNN, CNN BUSINESS By Danielle Wiener-Bronner, CNN Business It’s harder than you might think to deliver french fries that aren’t too crispy or soggy. Just ask the burger chain White Castle. Timing is key: Fries need to be in oil for the right amount of time. But employees in fast food restaurants are often subject
Continue ReadingBy Paul R. La Monica, CNN Business The Dow Jones Industrial Average closed above the 36,000 mark for the first time Tuesday following a gain of about 140 points, or 0.4%. On Monday it had briefly risen above 36,000 but didn’t end the day there. Investors had to wait only a little more than three
Continue ReadingBy Anna Bahney, CNN Business Zillow is getting out of the iBuying business and will shut down its Zillow Offers division, resulting in a 25% reduction in its staff. In its quarterly earnings report on Tuesday, the company said it will see a total write-down of more than $540 million as a result of its
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According to career experts if job listings were a crop the harvest would be ripe for the picking. Across the board, employers are in desperate need of workers.
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