Category Archives: CNN – Business

Germany is giving nearly two million workers a 25% pay rise
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Germany is giving nearly two million workers a 25% pay rise

Almost 2 million workers in Europe’s biggest economy are set for a big pay rise. Three German political parties agreed to form a new government on Wednesday, with left-leaning Social Democrat Olaf Scholz set to succeed Angela Merkel as chancellor following lengthy coalition negotiations. As part of the coalition agreement, the country plans to raise…MORE

This tax would make wealthy corporations pay their fair share

This tax would make wealthy corporations pay their fair share

Corporate America has perfected the art of dodging the taxes that everyone else pays. From 2018 to 2020, 39 of the largest companies in America paid zero dollars in federal income taxes, despite reporting a combined $122 billion in profits, according to analysis from the Institute on Taxation and Economic Policy. And 73 others paid…MORE

How to financially prepare to quit your job
Ian Berry/CNN

How to financially prepare to quit your job

Millions of Americans are leaving their jobs these days — and they don’t always have another one lined up. Whether it’s due to burnout, a desire for more flexibility or better pay, or the pursuit of an entirely different career, saying “I quit” can have long-term financial implications. “Before you leave, there are things you…MORE

This startup wants you to like coffee-free coffee
John General/CNN

This startup wants you to like coffee-free coffee

Beyond Meat and Impossible Foods have persuaded customers to dig into cow-free burgers. Atomo Coffee wants to do the same for coffee. The startup, which launched in 2019 and offered a limited release to the public in September, makes a canned cold brew designed to taste like coffee and give you a boost of energy…MORE

Turkey is going its own way on inflation. The lira is crashing
Cagla Gurdogan/Reuters

Turkey is going its own way on inflation. The lira is crashing

Turkey is plunging into a fresh currency crisis as investors dump the lira in response to the extraordinary decision by the country’s central bank to slash interest rates in the face of soaring inflation. The lira stabilized on Wednesday but suffered a huge fall against the US dollar on Tuesday. The lira fell more than…MORE

Gap lost $300 million in sales because of supply chain mess
Justin Sullivan/Getty Images

Gap lost $300 million in sales because of supply chain mess

Gap said it lost $300 million in sales heading into the holiday season because of Covid-related factory closures, and backlogs at ports that significantly stalled its ability to get merchandise into stores on time. “While we had planned into the known supply chain constraints …. the shock to our business persisted longer than anticipated as…MORE

Thanksgiving gas prices are the highest since 2012
Joe Raedle/Getty Images

Thanksgiving gas prices are the highest since 2012

Drivers hitting the road this Thanksgiving will be greeted by the highest prices at the pump in nearly a decade. The average prices consumers paid for regular gasoline stood at $3.40 a gallon on Monday, according to a new report from the government. That’s the highest price on the Monday before Thanksgiving since 2012, the…MORE

Going to the store may be your smartest bet to navigate the supply chain crisis this holiday
Charles Krupa/AP

Going to the store may be your smartest bet to navigate the supply chain crisis this holiday

The supply chain crisis means last-minute gift buyers may have little choice but to go shopping the old-fashioned way this holiday season. High demand, combined with supply chain delays, materials’ shortages and troubles hiring workers, are shrinking the availability of items both online and at stores. As customers get closer to the last minute, physical…MORE

Jobless claims hit lowest level since 1969
Joe Raedle/Getty Images

Jobless claims hit lowest level since 1969

Weekly claims for unemployment benefits finally fell below their pre-pandemic levels, according to data from the Labor Department. Last week’s jobless claims totaled 199,000 when adjusted for seasonal swings, the lowest level since November 15, 1969. Benefit claims jumped into the millions in March 2020 as the pandemic caused the US economy to shutter. Over…MORE

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