CNN - Business/Consumer Archives

Tupperware for the first time in its history is selling its products in a retail store.

A 76-year-old staple of door-to-door sales is now selling at Target

October 3, 2022 2:24 PM CNN Newsource

By Parija Kavilanz, CNN Business Tupperware containers will now be available at Target, in a major shift for the 76-year-old brand. Generally the…

A couple walks past damage from Hurricane Ian on Litchfield Beach

Hurricane Ian could put a dent in US GDP growth

October 3, 2022 2:17 PM CNN Newsource

By Alicia Wallace, CNN Business The devastation wrought by Hurricane Ian likely caused more than $50 billion in damages — and also dinged overall…

Hurricane Ian could put a dent in US GDP growth

October 3, 2022 2:17 PM CNN

By Alicia Wallace, CNN Business The devastation wrought by Hurricane Ian likely caused more than $50 billion in damages — and also dinged overall…

Elon Musk attends the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide

Why Elon Musk is no longer Wall Street’s darling

October 3, 2022 1:23 PM CNN Newsource

By Chris Isidore, CNN Business Could Wall Street’s love affair with Elon Musk be over? Six months ago Tesla shares were flying high. The…

A worker carries a Christmas tree at Sorghum Mill Christmas Tree Farm in Edmond

Bah humbug: Expect to shell out more for a Christmas tree this year

October 3, 2022 10:09 AM CNN Newsource

By Parija Kavilanz, CNN Business In the spirit of holiday cheer, here’s the good news first: Christmas tree farms say this year’s harvest…

Welcome to the fourth quarter. Expect more gloom but less doom

October 3, 2022 5:42 AM CNN Newsource

By Nicole Goodkind, CNN Business It’s been a hard year for markets, and investors are looking for a bit of reprieve as we enter the fourth…

The New York Stock Exchange building is seen

Stocks kick off October with a huge rally

October 3, 2022 8:49 AM CNN Newsource

By Paul R. La Monica, CNN Business Stocks kicked off October with more treats than tricks for investors. The market rallied to begin the fourth…

KFC is selling wraps at Atlanta-area locations.

KFC is bringing back a fan-favorite menu item

October 3, 2022 9:10 AM CNN Newsource

By Jordan Valinsky, CNN Business Kentucky Fried Chicken is bringing back a fan favorite after a nearly decade-long hiatus. Beginning Monday, KFC is…

A woman walks past the front window of a Tesla Store in Shinjuku

Tesla delivered 343,000 cars in the third quarter, falling short of forecasts

October 1, 2022 7:42 PM CNN

By Ramishah Maruf, CNN Tesla announced its delivery and production numbers for the third quarter Sunday, reporting 343,000 total deliveries and…

An employee prepares a hot dog at a Portillo's restaurant in Chicago

Wages are the most important number to watch in the jobs report

October 2, 2022 6:23 AM CNN Newsource

By Paul R. La Monica, CNN Business Investors, economists and members of the Federal Reserve will be poring over the September jobs report on Friday…

The Bank of England intervened in the bond market this week restore confidence in UK assets.

5 signs the world is headed for a recession

October 2, 2022 8:51 AM CNN Newsource

Around the world, markets are flashing warning signs that the global economy is teetering on a cliff’s…

Cans of "Spam" luncheon meat are displayed at a market in Naha on the southern Japanese island of Okinawa March 5

How Spam became cool again

October 1, 2022 3:04 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Spam is cool. The 85-year-old canned block of meat has undergone a cultural reinvention. Hormel has sold a…

Customers shop at the Trader Joe's Upper East Side Bridgemarket grocery store in New York

Trader Joe’s finally brings back free samples

October 3, 2022 9:28 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Freebies are back at the grocery store after a long pandemic hiatus. Trader Joe’s brought back in-store…

Kim Kardashian agreed to pay a $1.26 million fine to the Securities and Exchange Commission to settle civil charges after the reality TV star touted a crypto asset

Kim Kardashian charged by SEC, agrees to pay $1.3 million fine

October 3, 2022 8:41 AM CNN

By Chris Isidore and Matt Egan, CNN Business Kim Kardashian agreed to pay a $1.26 million fine to the Securities and Exchange Commission to settle…

Kim Kardashian charged by SEC, agrees to pay $1.3 million fine

October 3, 2022 6:33 AM CNN Newsource

By Chris Isidore and Matt Egan, CNN Business Kim Kardashian agreed to pay a $1.26 million fine to the Securities and Exchange Commission to settle…

Credit Suisse stock falls to fresh record low as investor concerns mount

October 3, 2022 5:24 AM CNN Newsource

By Julia Horowitz, CNN Business Shares of Credit Suisse plunged to a fresh record low on Monday as jittery investors trained their attention on the…

Richard Liu is the founder of one of China's biggest e-commerce companies

JD.com’s billionaire founder settles rape lawsuit two days before planned US trial

October 3, 2022 2:22 AM CNN Newsource

By Kathleen Magramo and Shawn Deng, CNN A Chinese billionaire and a former University of Minnesota student who accused him of rape have reached an…

Chancellor Kwasi Kwarteng and Prime Minister Liz Truss faced a backlash over proposed tax cuts.

UK government forced to ditch plan to slash top rate of tax

October 3, 2022 1:01 AM CNN Newsource

By Mark Thompson and Adam Renton, CNN The British government is reversing plans to scrap the highest rate of income tax, announcing the embarrassing…

Tesla delivered 343,000 cars in the third quarter, falling short of forecasts

October 2, 2022 1:05 PM CNN Newsource

By Ramishah Maruf, CNN Tesla announced its delivery and production numbers for the third quarter Sunday, reporting 343,000 total deliveries and…

United Airlines Boeing 737-800 takes off from Los Angeles international Airport on July 30 in Los Angeles

United Airlines suspending service at JFK Airport

October 2, 2022 12:12 PM CNN Newsource

By Ramishah Maruf, CNN United Airlines is temporarily halting service at New York’s JFK Airport, saying its schedule there is too small to…

‘Saturday Night Live’ gets a Manningcast for its season premiere episode

October 2, 2022 1:29 AM CNN

By Frank Pallotta, CNN Business “Saturday Night Live” kicked off its 48th season on Saturday night with host Miles Teller as former NFL…

‘Saturday Night Live’ gets a Manningcast for its season premiere episode

October 1, 2022 10:12 PM CNN Newsource

By Frank Pallotta, CNN Business “Saturday Night Live” kicked off its 48th season on Saturday night with host Miles Teller as former NFL…

Disney (DIS) has blocked its content from being shown on Dish TV and Sllng TV channels after the companies were unable to reach agreement over a contract extension and pictured

Disney pulls its content from Dish and Sling TV over rate disagreement

October 1, 2022 1:30 PM CNN Newsource

Bridget O’Brian, CNN Business Disney has blocked its content from being shown on Dish TV and Sllng TV channels after the companies were unable…

Tesla robot slowly walks on stage at AI Day

September 30, 2022 9:40 PM CNN Newsource

By Matt McFarland, CNN Business Tesla revealed on Friday a prototype of a humanoid robot that it says could be a future product for the automaker.…

About 15% of Nick Wishnatzki's 650-acre family strawberry farm sustained damage from Hurricane Ian.

Florida farms are underwater and without power, pushing back critical planting season

September 30, 2022 2:16 PM CNN Newsource

By Vanessa Yurkevich, CNN Business About 15% of Nick Wishnatzki’s 650-acre family strawberry farm sustained damage from Hurricane Ian. His…

Florida farms are underwater and without power, pushing back critical planting season

September 30, 2022 2:16 PM CNN

By Vanessa Yurkevich, CNN Business About 15% of Nick Wishnatzki’s 650-acre family strawberry farm sustained damage from Hurricane Ian. His…

An aerial picture taken on September 29 shows washed up boats on a street in the aftermath of Hurricane Ian in Fort Myers

Florida reporter describes what it has been like to cover Ian’s destruction: Areas are ‘completely decimated’

September 30, 2022 11:05 AM CNN Newsource

By Oliver Darcy, CNN Business Daniel Glaun woke up on Thursday morning not knowing whether or not his home had fallen victim to Hurricane Ian. Glaun,…

The Dow is on track to fall more than 7%

Dow suffers worst month since March 2020

September 30, 2022 10:50 AM CNN Newsource

By Paul R. La Monica, CNN Business September was a horrible month for stocks. The Dow fell nearly 9%, its worst monthly drop since March 2020, when…

People eat at a restaurant at a shopping complex in Miami Beach

Americans are still weighed down by high inflation, though sentiment is improving

September 30, 2022 10:37 AM CNN Newsource

By Tami Luhby and Alicia Wallace, CNN Americans are feeling more positive about the economy and believe inflation will settle down — but plenty of…

Danish Defense shows the gas leaking at Nord Stream 2 seen from the Danish F-16 interceptor in Bornholm

Europe faces ‘scary situation’ following mysterious pipeline leaks, former US regulator says

September 30, 2022 10:32 AM CNN

By Matt Egan The apparent sabotage of the Nord Stream pipelines running from Russia underscore Europe’s massive energy vulnerabilities, former…

Europe faces ‘scary situation’ following mysterious pipeline leaks, former US regulator says

September 30, 2022 10:32 AM CNN Newsource

By Matt Egan The apparent sabotage of the Nord Stream pipelines running from Russia underscore Europe’s massive energy vulnerabilities, former…

Another major brand is discounting its extra inventory

September 30, 2022 10:27 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Add Nike to the list of brands and stores discounting excess merchandise to clear it off shelves. Nike said…

Royal Mail postal workers join a Communication Workers Union strike outside a post office in London on September 30. Royal Mail workers have walked out for a 48-hour strike from today as a dispute over pay escalates.

The UK economy still hasn’t recovered from the pandemic. Now it’s on the ropes again

September 30, 2022 5:22 AM CNN Newsource

By Mark Thompson, CNN Business There was good news and bad in Friday’s revised data about the UK economy. It grew — marginally — in the…

A man helps a woman next to a damaged boat amid a downtown condominium after Hurricane Ian caused widespread destruction in Fort Myers

Hurricane Ian could be Florida’s costliest storm ever

September 30, 2022 9:31 AM CNN Newsource

By Chris Isidore, CNN Business Hurricane Ian may have caused as much as $47 billion in insured losses, according to the latest estimate, which could…

City workers are seen walking in the City of London

Why the ghost of 2008 still haunts us in 2022

September 29, 2022 6:00 PM CNN

By Allison Morrow, CNN Business All week, there have events in the news that have come in under of the banner of “this hasn’t happened…

Spanx has named a new CEO. A general view of the Spanx Fashion Week Fall Preview Suite during Mercedes-Benz Fashion Week 2009 in New York City is pictured here.

Spanx names a new CEO

September 30, 2022 9:20 AM CNN Newsource

By Parija Kavilanz, CNN Business Spanx, a brand founded by shapewear pioneer Sara Blakely, has named Kim Jones her successor as CEO. The…

Cruise's robotaxis rely on a collection of sensors and computing power to navigate streets without a human behind the wheel.

GM’s Cruise wants to add 5,000 more robotaxis to American streets. This city warns it could backfire

September 30, 2022 8:59 AM CNN Newsource

By Matt McFarland, CNN Business GM’s self-driving car subsidiary Cruise said earlier this year that it wants to add as many as 5,000 more…

Hurricane Ian could be Florida’s costliest storm ever

September 30, 2022 8:58 AM CNN

By Chris Isidore, CNN Business Hurricane Ian may have caused as much as $47 billion in insured losses, according to the latest estimate, which could…

Luxembourg's Energy Minister Claude Turmes speaks to the media as he attends a European Union Energy Ministers meeting on high energy prices in Brussels

EU agrees to tax windfall oil and gas profits amid ‘insane race’ to tame energy crisis

September 30, 2022 8:26 AM CNN Newsource

By Anna Cooban, CNN Business EU governments agreed Friday to tax the windfall profits of oil and gas companies and to cap the revenues of some…

Fed’s preferred measure of inflation shows prices surged again last month

September 30, 2022 6:35 AM CNN Newsource

Martha C. White for CNN Business After hitting an alarming 40-year high in June, the Federal Reserve’s preferred benchmark for consumer…

Can Porsche cure an ailing IPO market?

September 30, 2022 5:42 AM CNN Newsource

By Nicole Goodkind, CNN Business Warnings of global recession are widespread, inflation is persistent and Russia is escalating the crisis in Europe.…

Damaged homes and debris are shown in the aftermath of Hurricane Ian on September 29 in Fort Myers

Florida’s home insurance market was a mess before Ian. It’s about to get worse

September 30, 2022 5:16 AM CNN Newsource

By Chris Isidore, CNN Business Florida homeowners were already facing an expensive and difficult market for home insurance before Hurricane Ian. The…

Florida’s home insurance market was a mess before Ian. It’s about to get worse

September 30, 2022 5:16 AM CNN

By Chris Isidore, CNN Business Florida homeowners were already facing an expensive and difficult market for home insurance before Hurricane Ian. The…

The reverse sides of the £5 and 50 pence coins will commemorate Queen Elizabeth II.

King Charles III’s coin portrait unveiled by UK Royal Mint

September 30, 2022 4:02 AM CNN Newsource

By Amarachi Orie, CNN Business The portrait of King Charles III that will feature on British coins has been unveiled by the Royal Mint, the official…

Asian markets are on track for their worst month since the pandemic began. People pass by a screen showing Japan's Nikkei share price index in Tokyo on June 14.

Led by Hong Kong, Asian stocks on track to suffer worst month since Covid began

September 30, 2022 12:23 AM CNN Newsource

By Laura He, CNN Business Asian markets are careening toward their worst month since the Covid pandemic began, hit by a mighty US dollar and rising…

Why the ghost of 2008 still haunts us in 2022

September 29, 2022 6:00 PM CNN Newsource

By Allison Morrow, CNN Business All week, there have events in the news that have come in under of the banner of “this hasn’t happened…

NASA, SpaceX to study boosting Hubble to higher orbit in a bid to extend its life

September 29, 2022 4:47 PM CNN

By Jackie Wattles, CNN Officials at NASA have signed a Space Act Agreement with SpaceX to investigate the benefits and risks of having a private…

NASA, SpaceX to study boosting Hubble to higher orbit in a bid to extend its life

September 29, 2022 4:07 PM CNN Newsource

By Jackie Wattles, CNN Officials at NASA have signed a Space Act Agreement with SpaceX to investigate the benefits and risks of having a private…

Led by Hong Kong, Asian stocks on track to suffer worst month since Covid began

September 29, 2022 12:17 PM CNN

By Laura He, CNN Business Asian markets are careening toward their worst month since the Covid pandemic began, hit by a mighty US dollar and rising…

Think mortgage rates are high now? Homebuyers in the 1980s were paying 19%

September 29, 2022 12:43 PM CNN Newsource

By Anna Bahney, CNN Business Think mortgage rates are high now? Connie Strait remembers when she was starting her career in real estate in the early…

Britain's Prime Minister Liz Truss walks out of Number 10 Downing Street in London on September 23. US officials are increasingly troubled by Truss's proposal to slash taxes during inflation.

US officials troubled by controversial UK tax cut plan

September 29, 2022 1:11 PM CNN Newsource

By Matt Egan, CNN Business US officials are increasingly troubled by the United Kingdom’s proposal to slash taxes at a time of crushing…

A shopper carries an H&M bag in New York

H&M could start charging customers for making returns

September 29, 2022 11:53 AM CNN Newsource

By Parija Kavilanz, CNN Business So much for impulse buying at H&M. The next time you shop there, specifically online, and then regret bagging…

The German government announced plans to borrow €200 billion ($195 billion) to cap natural gas prices for households and businesses.

Germany will borrow nearly $200 billion to cap consumers’ energy bills

September 29, 2022 11:44 AM CNN Newsource

By Reuters and Anna Cooban, CNN Business The German government announced plans to borrow €200 billion ($195 billion) to cap natural gas prices for…

Bed Bath & Beyond is losing shoppers and money at a rapid clip

Bed Bath & Beyond is failing fast

September 29, 2022 10:20 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Bed Bath & Beyond is losing shoppers and money at a rapid clip, and the company will need to quickly…

High prices and rising interest rates are putting used cars out of reach for a growing number of car shoppers. A customer is seen here shopping for a used vehicle at a CarMax dealership in Louisville

Used cars have become unaffordable

September 29, 2022 7:58 AM CNN Newsource

By Chris Isidore, CNN Business High prices and rising interest rates are putting used cars out of reach for a growing number of car shoppers.…

Mortgage rates surged for the sixth week in a row

Mortgage rates surge, closing in on 7%

September 29, 2022 8:00 AM CNN Newsource

By Anna Bahney, CNN Business Mortgage rates surged for the sixth week in a row, moving closer to 7%. The 30-year fixed-rate mortgage averaged 6.70%…

Dow plunges and is back in a bear market

September 29, 2022 8:09 AM CNN Newsource

By Paul R. La Monica, CNN Business The third quarter is about to end — and investors are wishing the past nine months good riddance. Stocks…

Band-Aids and Tylenol will have a new name on their packages

September 29, 2022 5:54 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business We have all heard of Band-Aid, Tylenol, Benadryl and Johnson’s baby powder. We have never heard of the new…

The yield on the 10-year US Treasury bond

The bond market is crumbling. That’s bad for Wall Street and Main Street

September 29, 2022 6:03 AM CNN Newsource

By Nicole Goodkind, CNN Business The global bond market is having a historically awful year. The yield on the 10-year US Treasury bond, a proxy for…

Retailers have many reasons to jumpstart the holidays

Holiday sales creep has gotten out of hand

September 29, 2022 6:59 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business You may not be anywhere close to ready for the holidays — but retail chains certainly are. Christmas trees are…

The number of first-time claims for unemployment benefits dropped considerably in September

Latest jobless claims fall to 193,000, underscoring still-tight labor market

September 29, 2022 6:45 AM CNN Newsource

By Alicia Wallace, CNN Business The number of first-time claims for unemployment benefits dropped considerably last week, underscoring how employers…

The US economy shrank by 0.6% during the second quarter of the year

Latest GDP reading confirms the US economy shrank for two straight quarters, supporting one definition of a recession

September 29, 2022 6:33 AM CNN Newsource

By Alicia Wallace, CNN Business The US economy shrank by 0.6% during the second quarter of the year, according to the latest gross domestic product…

Stocks kick off October with a huge rally

September 29, 2022 12:50 AM CNN

By Paul R. La Monica, CNN Business Stocks kicked off October with more treats than tricks for investors. The market rallied to begin the fourth…

Hong Kong has finally secured commitments from some of the world's biggest banks to participate in a long-awaited summit

Hong Kong wins over Wall Street CEOs after lifting strict Covid rules

September 29, 2022 12:50 AM CNN Newsource

By Michelle Toh, CNN Business Hong Kong has finally secured commitments from some of the world’s biggest banks to participate in a long-awaited…

China's yuan hovered near record lows against the US dollar on the offshore market on September 29

China’s yuan hovers near record lows against the dollar despite central bank warning

September 28, 2022 11:40 PM CNN Newsource

By Laura He, CNN Business China’s yuan hovered near record lows against the US dollar on the offshore market on Thursday, as major currencies…

Trump lashed out at George Stephanopoulos in profanity-laced tirade after 2016 interview, new book says

September 28, 2022 8:23 PM CNN

By Oliver Darcy, CNN Business Donald Trump berated ABC News anchor George Stephanopoulos, descending into a profanity-laced tirade after the…

Trump lashed out at George Stephanopoulos in profanity-laced tirade after 2016 interview, new book says

September 28, 2022 8:23 PM CNN Newsource

By Oliver Darcy, CNN Business Donald Trump berated ABC News anchor George Stephanopoulos, descending into a profanity-laced tirade after the…

Employees of German car manufacturer Porsche are seen here at the Porsche factory in Stuttgart-Zuffenhausen

Porsche shares gain 5% in Frankfurt stock market debut

September 28, 2022 4:04 PM CNN Newsource

By Matt McFarland and Anna Cooban, CNN Business Shares of Porsche gained as much as 5% on their stock market debut in Frankfurt after Volkswagen spun…