New York CNN Business — US factories are humming, and manufacturers are scrambling to find workers as the pace of hiring hits levels not seen in decades. Friday’s September jobs report showed US manufacturers added another 22,000 workers in September, increasing employment in the sector by nearly 500,000 over the course of the last 12 […]
London CNN Business — Former Federal Reserve Chair Ben Bernanke, Douglas Diamond and Philip Dybvig were awarded the Nobel Prize in economics on Monday for their work on banks and financial crises. The three US economists were recognized by the Royal Swedish Academy of Sciences for their work in the early 1980s, which the institute […]
New York CNN Business — HBO has created a kingdom of hits, with none as popular as “Game of Thrones.” But “Game of Thrones” ended with a thud in 2019 when critics and fans were unhappy with the fantasy epic’s ho-hum conclusion (Bran Stark on the Iron Throne? C’mon!). So what was HBO to do? […]
CNN — Rivian, the Irvine, California-based electric vehicle company, is recalling nearly all the vehicles it has produced to tighten a loose fastener in the vehicles’ front suspension. The recall involves 12,212 electric pickups, vans and SUVs, according to paperwork the company filed with the National Highway Traffic Safety Administration. The Amazon-backed electric vehicle manufacturer […]
London CNN Business — Pension funds are designed to be dull. Their singular goal — earning enough money to make payouts to retirees — favors cool heads over brash risk takers. But as markets in the United Kingdom went haywire last week, hundreds of British pension fund managers found themselves at the center of a […]
Editor’s Note: Gad Levanon is the chief economist at the Burning Glass Institute. He’s the former head of The Conference Board’s Labor Market Institute. The opinions expressed in this commentary are his own. To many economists and analysts, the US economy has represented a paradox this year. On the one hand, GDP growth has slowed […]
London CNN Business — The UK government could award oil and gas companies more than 100 new licenses to drill in the North Sea, as it looks for ways to bolster energy security amid a global supply crunch. Launched Friday, the licensing round won’t lead to new UK production for several years. And when drilling […]
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN Business — The White House isn’t very happy with OPEC’s decision to slash oil production […]
Hong Kong CNN Business — Hong Kong’s flagship airline Cathay Pacific is facing “unprecedented” staff shortages and may not be ready to handle a surge in demand, as the city winds up its strict Covid policy and reopens for international travel. A top local union warned Thursday of “a record number of resignations from the […]
CNN — A military court in Myanmar has sentenced a Japanese journalist to 10 years in prison for sedition and violating a law on electronic communications after he filmed an anti-government protest in July, a Japanese diplomat said on Thursday. Toru Kubota, 26, was arrested by plainclothes police in Yangon, where he was filming a […]