America’s small businesses are running out of workers
Martha C. White for CNN Business The pandemic forced Freed Bodyworks, a wellness center offering massage therapy, yoga, acupuncture, mental health…
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Wayfair is cutting 5% of its global workforce
By Jordan Valinsky, CNN Business Wayfair is cutting nearly 900 jobs, or about 5% of the once-hot online retailer’s global workforce, as it…
Continue Reading The cord has been cut. Streaming is more watched than cable
By Jordan Valinsky, CNN Business The cord has been cut. For the first time ever, Americans are watching more streaming TV than cable, according to a…
Continue Reading McDonald’s is bringing a British hit to the US
By Jordan Valinsky, CNN Business McDonald’s Chicken Big Mac was a huge hit in the United Kingdom. Now it’s crossing the pond. Beginning…
Continue Reading The world’s second biggest movie theater chain is in trouble
By Anna Cooban, CNN Business The owner of Regal Cinemas is having a tough time — its stock crashed as much as 80% Friday after reports that its…
Continue Reading Has the bear market really gone into early hibernation?
By Nicole Goodkind, CNN Business The bears and bulls are at it again. Markets have seemingly recovered from a miserable downturn in mid-June that…
Continue Reading Couples are swapping out natural diamonds in rings for larger, cheaper lab-made ones
By Parija Kavilanz, CNN Business Lab-grown diamonds have become so popular with consumers that some couples are asking jewelers to swap the natural…
Continue Reading Most electric cars are quiet. But Dodge says its future electric muscle car will be super loud
By Peter Valdes-Dapena, CNN Business Dodge, famous for offering cars with big and powerful V8 engines, is phasing out some of its iconic, gas-powered…
Continue Reading Computer chips were in high demand. Then inflation kicked in
By Julia Horowitz, CNN Business When consumers were stuck inside during the early stages of the Covid-19 pandemic, there weren’t many places to…
Continue Reading Expect interest rate hikes to continue into 2023, Fed official says
By Nicole Goodkind, CNN Business San Francisco Federal Reserve president Mary Daly said Thursday morning that raising interest rates by either half…
Continue Reading The Big Ten Conference signs media rights deal reportedly worth over $1 billion per year
By Homero De la Fuente, CNN The NCAA’s Big Ten Conference announced on Thursday it has reached a massive media rights agreement with CBS, FOX,…
Continue Reading Kohl’s has an inventory mess on its hands
By Parija Kavilanz, CNN Business Kohl’s can’t seem to catch a break, and it may have only itself to blame. The department store chain on…
Continue Reading CNN is ending ‘Reliable Sources with Brian Stelter’
By Frank Pallotta, CNN Business CNN’s “Reliable Sources with Brian Stelter” is coming to an end. The company announced Thursday…
Continue Reading Netflix sues creators of unofficial Bridgerton musical
By Alexandra Peers, CNN Business On Christmas Day 2020, Netflix premiered “Bridgerton,” an old-fashioned lushly designed Regency Romance.…
Continue Reading Hyundai Ioniq 5 named Car and Driver’s EV of the Year
By Peter Valdes-Dapena, CNN Business Hyundai’s Ioniq 5, an electric-only model with a sharp-edged design, was named Car and Driver’s…
Continue Reading Home sales fell for the sixth month in a row, but prices kept rising
By Anna Bahney, CNN Business Home sales declined for the sixth month in a row in July as higher mortgage rates and prices push prospective buyers out…
Continue Reading Mortgage rates drop amid signs that inflation may have finally peaked
By Anna Bahney, CNN Business Mortgage rates ticked lower last week, falling back toward the 5% mark following economic reports that indicated…
Continue Reading Bed Bath & Bonkers: Retailer’s stock plunges following wild surge
By Paul R. La Monica, CNN Business The saga of struggling retailer Bed Bath & Beyond keeps getting curiouser and curiouser. Shares of the…
Continue Reading American farmers are killing their own crops and selling cows because of extreme drought
By Vanessa Yurkevich, CNN Business Nearly three quarters of US farmers say this year’s drought is hurting their harvest — with…
Continue Reading Extreme heat is slamming the world’s three biggest economies all at once
By Julia Horowitz, CNN Business Estimating just how catastrophic climate change will be for the global economy has historically proven challenging.…
Continue Reading Why junk food stocks are surging
By Nicole Goodkind, CNN Business People are stressed out and exhausted. The past two and a half years, full of public health crises, recession and…
Continue Reading Investigation into Vince McMahon’s hush money payments reportedly turns up Trump charity donations
By Frank Pallotta, CNN Business Even after Vince McMahon, the former WWE chief executive, retired from the company amid an investigation into his…
Continue Reading Diesel slides below $5 a gallon for the first time since March
By Matt Egan The cost of diesel has tumbled from record highs, easing inflationary pressure on everything from trucking and farming to construction.…
Continue Reading US and Taiwan agree to start talks on a trade and investment pact
By Wayne Chang and Lauren Lau, CNN Business The United States and Taiwan have officially agreed to launch negotiations on a new trade and investment…
Continue Reading China’s growth forecasts slashed as heatwave hits industrial heartlands
By Laura He, CNN Business China’s economic growth forecasts have been downgraded further by major investment banks, as the country grapples…
Continue Reading Sexual assault accuser wore ‘provocative’ clothing, Indian judge rules
By Rhea Mogul and Manveena Suri, CNN A judge in southern India has ruled a woman wore “provocative” clothing, effectively dismissing her…
Continue Reading Most electric cars are quiet. But Dodge says its future electric muscle car will be super loud
By Peter Valdes-Dapena, CNN Business Dodge, famous for offering cars with big and powerful V8 engines, is phasing out some of its iconic, gas-powered…
Continue Reading Strippers at LA strip club want to join actors’ union
By Chris Isidore, CNN Business Strippers at the Star Garden Topless Dive Bar in North Hollywood, California, have filed with the National Labor…
Continue Reading Ohio judge rules Walmart, CVS, and Walgreens must pay a combined $650.6 million for damages related to opioid crisis
By Laura Ly, CNN Walmart, CVS, and Walgreens must pay a combined $650.6 million to two Ohio counties for damages related to the opioid crisis, a…
Continue Reading Even dollar stores are starting to feel the pinch from inflation
By Paul R. La Monica, CNN Business Dollar stores, as their name suggests, offer inexpensive products for bargain-hungry shoppers. But even Dollar…
Continue Reading Lose big on crypto? Here’s how to reduce the sting
By Jeanne Sahadi, CNN Business It’s been a tough year for crypto investors as they’ve watched the price of their digital assets plummet.…
Continue Reading EV tax credits just got totally revamped. Here’s what car buyers need to know
By Matt McFarland, CNN Business The newly signed Inflation Reduction Act will have big implications for electric vehicle buyers. Some popular…
Continue Reading US natural gas prices spike to 14-year high. Here’s why
By Matt Egan, CNN Business US natural gas prices have skyrocketed to levels unseen since 2008, a spike that threatens to offset the benefits of…
Continue Reading American farmers are killing their own crops and selling cows because of extreme drought
By Vanessa Yurkevich, CNN Business Nearly three quarters of US farmers say this year’s drought is hurting their harvest — with…
Continue Reading US consumers continue to spend, but rising inflation has shifted their priorities
Martha C. White for CNN Business With lower gas prices effectively putting more money back in their pockets, Americans continued to spend last month.…
Continue Reading Exclusive: Buffalo Wild Wings is adding pizza to its menu
By Jordan Valinsky, CNN Business With football season approaching, Buffalo Wild Wings is adding a new menu item that’s all but synonymous with…
Continue Reading When will price increases end? Probably never
By Nicole Goodkind, CNN Business A dollar just isn’t worth what it used to be. At the grocery store, you’re getting about 11 cents less…
Continue Reading Girl Scouts add a new raspberry cookie to the lineup
By Jordan Valinsky, CNN Business The Girl Scouts are adding a new, raspberry-flavored cookie to the lineup. The Raspberry Rally, described in a…
Continue Reading US consumers continue to spend, but rising inflation has shifted their priorities
Martha C. White for CNN Business With lower gas prices effectively putting more money back in their pockets, Americans continued to spend last month.…
Continue Reading Girl Scouts add a new raspberry cookie to the lineup
By Jordan Valinsky, CNN Business The Girl Scouts are adding a new, raspberry-flavored cookie to the lineup. The Raspberry Rally, described in a…
Continue Reading The recession debate could hinge on this data
By Julia Horowitz, CNN Business Are Americans still reaching for their wallets, even as high inflation forces households to contend with higher…
Continue Reading Target profit plunges 90% as inflation-weary shoppers pull back
By Chris Isidore, CNN Business Target reported profit plunged 90% in the second quarter, falling far short of expectations, as inflation-weary…
Continue Reading China’s No.2 admits economic recovery is at ‘most difficult point’
By Laura He, CNN Business Chinese Premier Li Keqiang has urged China’s wealthiest provinces to “bravely take the lead” to bolster…
Continue Reading No, Elon Musk is not buying Manchester United
By Diksha Madhok, CNN Business The richest man on earth has once again created chaos and commotion on the internet with his tweets. Tesla’s…
Continue Reading UK inflation exceeds 10% as bread and milk prices soar
By Mark Thompson, CNN Business Inflation in the United Kingdom hit a new 40-year high last month, rising above 10% for the first time since 1982 and…
Continue Reading GM is recalling hundreds of thousands of vehicles because of a seat belt problem
By Rob McLean, CNN Business GM is recalling hundreds of thousands of vehicles because of a problem with third-row seatbelts. The National Highway…
Continue Reading More Americans are relying on credit cards. That could be very costly
By Matt Egan Interest rates on credit cards are so high these days that consumers with a $5,000 credit card balance could pay an extra $1,000 in…
Continue Reading More Americans are relying on credit cards. That could be very costly
By Matt Egan Interest rates on credit cards are so high these days that consumers with a $5,000 credit card balance could pay an extra $1,000 in…
Continue Reading EV credits are now harder to come by. These buyers snuck in deals under the wire.
By Matt McFarland, CNN Business President Biden signed into law the Inflation Reduction Act on Tuesday, and it will reshape the electric vehicle tax…
Continue Reading End of the Zoom boom? Citi analyst cuts stock to a rare ‘sell’ rating
By Paul R. La Monica, CNN Business Zoom was one of the biggest beneficiaries of the work-from-anywhere trend that took hold during the height of the…
Continue Reading Walmart results relieve some recession fears
By Chris Isidore, CNN Business Walmart had good news Tuesday for investors and economists worried about a looming recession, as the retail giant gave…
Continue Reading New home construction cools as more people get priced out of the housing market
By Anna Bahney, CNN Business Home builders pressed on the brakes once again last month as the cost of building supplies remained high and more…
Continue Reading Walmart+ has an Amazon Prime Video competitor
By Frank Pallotta, CNN Business Walmart+ — in its effort to become a true competitor to Amazon Prime — will offer Paramount+ as part of its…
Continue Reading 4moms recalls millions of baby swings and rockers
By Rob McLean, CNN Business Millions of baby swings and rockers that pose a risk of asphyxiation or other injuries to infants have been recalled,…
Continue Reading End of the Zoom boom? Citi analyst cuts stock to a rare ‘sell’ rating
By Paul R. La Monica, CNN Business Zoom was one of the biggest beneficiaries of the work-from-anywhere trend that took hold during the height of the…
Continue Reading End of the Zoom boom? Citi analyst cuts stock to a rare ‘sell’ rating
By Paul R. La Monica, CNN Business Zoom was one of the biggest beneficiaries of the work-from-anywhere trend that took hold during the height of the…
Continue Reading Record Home Depot sales show America’s housing market is still strong
By Paul R. La Monica, CNN Business Soaring mortgage rates and unaffordable home prices are worrisome signs for the broader housing market and…
Continue Reading Warren Buffett is still betting on America’s economy
By Julia Horowitz, CNN Business It’s a moment of great uncertainty for the US economy, as high inflation and rising interest rates feed fears…
Continue Reading UK workers suffer biggest hit to their wages since records began
By Anna Cooban, CNN Business UK workers have suffered the biggest drop in their spending power in more than 20 years as prices keep soaring. Average…
Continue Reading China’s worst heatwave in 60 years is forcing factories to close
By Laura He, CNN Business China’s Sichuan province has ordered all factories to shut down for six days to ease a power shortage in the region…
Continue Reading You can buy a Dodge Challenger convertible as the model ends its run
By Peter Valdes-Dapena, CNN Business The modern Dodge Challenger muscle car and the closely related Dodge Charger four-door sedan are ending their…
Continue Reading Majority of Americans say they’re worried about being able to pay for housing
By Anna Bahney, CNN Business If you are feeling the pinch of higher rents, you’re not alone. Nearly 60% of renters saw a rent increase during…
Continue Reading Tesla has now built one million cars in China
By Chris Isidore, CNN Business Tesla is celebrating its one millionth car manufactured in China, a major milestone for the electric car…
Continue Reading Most electric cars are quiet. But Dodge says its future electric muscle car will be super loud
By Peter Valdes-Dapena, CNN Business Dodge, famous for offering cars with big and powerful V8 engines, is phasing out some of its iconic, gas-powered…
Continue Reading Dollar General hit with nearly $1.3 million in workplace safety fines
By Ramishah Maruf, CNN The US Department of Labor proposed fines of almost $1.3 million for Dollar General after federal inspectors found workplace…
Continue Reading Frozen pizza recalled after customers find metal pieces
By Jordan Valinsky, CNN Business About 13,000 pounds of frozen pizza made by Home Run Inn Frozen Foods is being recalled because of potential metal…
Continue Reading No, Elon Musk is not buying Manchester United
By Diksha Madhok, CNN Business The richest man on earth has once again created chaos and commotion on the internet with his tweets. Tesla’s…
Continue Reading Tesla’s ‘full self-driving’ feature may have finally met its match
By Matt McFarland, CNN Business “Full self-driving,” the controversially named driver-assist feature from Tesla, may have finally met its…
Continue Reading Starbucks asks labor board to halt mail-in union ballots
By Danielle Wiener-Bronner, CNN Business Starbucks is requesting a suspension of mail-in ballots at unionization votes currently going on at its…
Continue Reading Activist investor wants Disney to buy back Hulu stake and spin off ESPN
By Paul R. La Monica, CNN Business Disney wowed Wall Street last week with strong earnings thanks to solid Disney+ subscriber gains and healthy theme…
Continue Reading Did you change jobs during the pandemic and then regret it?
A record number of Americans quit their jobs last year. The reasons for leaving varied: some workers were looking for new opportunities, others…
Continue Reading Who owns your credit score? Not you
By Alexandra Peers, CNN Business Credit agencies know a lot about Americans. The agencies accumulate information, such as Social Security numbers,…
Continue Reading Velveeta is staging a comeback
By Danielle Wiener-Bronner, CNN Business In 2020, something incredible happened in the dairy aisle: Velveeta started flying off the shelves. Sales of…
Continue Reading How Abercrombie, Victoria’s Secret and Vitamin Shoppe use smell to get you to spend more
By Nathaniel Meyersohn, CNN Business Have you ever stepped into an Abercrombie, Victoria’s Secret, Vitamin Shoppe or another store and…
Continue Reading 5 ways being single can cost you more
By Jeanne Sahadi, CNN Business There are plenty of advantages to being single. Among them: You can call the shots in your life without compromise.…
Continue Reading New York manufacturing suffers near-record plunge
By Matt Egan, CNN Business In the latest sign of turbulence in the US economy, New York-area manufacturing suffered a large and unexpected setback in…
Continue Reading SoulCycle is closing 25% of its studios
By Jordan Valinsky, CNN Business It’s not just Peloton that’s spinning into trouble: Indoor cycling studio SoulCycle is closing about 25%…
Continue Reading US natural gas prices spike to 14-year high. Here’s why
By Matt Egan, CNN Business US natural gas prices have skyrocketed to levels unseen since 2008, a spike that threatens to offset the benefits of…
Continue Reading Opinion: Fully remote work could soon vanish
Opinion by Johnny C. Taylor, Jr. for CNN Business Perspectives As restaurants, malls and movie theaters fill back up with people, the workplace has…
Continue Reading New business taxes are coming. Wall Street isn’t worried
By Julia Horowitz, CNN Business The most powerful business lobby in the United States is not a fan of the landmark heath care and climate package…
Continue Reading China cuts rates as lockdowns and a real estate crisis take their toll
By Laura He, CNN Business China’s central bank cut interest rates on Monday as new data showed the economy losing steam last month because of…
Continue Reading Modi pledges to turn India into a developed country as nation turns 75
By Rhea Mogul, CNN Standing in front of the historic Red Fort in Delhi, Prime Minister Narendra Modi on Monday pledged to transform India into a…
Continue Reading More than 2,000 California mental health clinicians set to strike
By Ramishah Maruf, CNN Thousands of mental health therapists at the country’s largest non-profit HMO are poised to strike this week, holding…
Continue Reading Black entertainment mogul calls for more inclusion in news and media
By Ramishah Maruf, CNN Byron Allen began his career as a standup comic and is now a media tycoon who owns dozens of outlets including the Weather…
Continue Reading Inflation, explained: Why prices keep going up and who’s to blame
By Allison Morrow and Nicole Goodkind, CNN Business Confused about inflation? You’re not alone. Inflation is, paradoxically, both incredibly…
Continue Reading Robinhood may need to join forces with a larger Wall Street rival
By Paul R. La Monica, CNN Business Robinhood, as its name suggests, was designed to take the power of the stock market away from the rich fat cats on…
Continue Reading CNN chief legal analyst Jeffrey Toobin will exit network after 20 years
By Oliver Darcy, CNN Business Jeffrey Toobin said Friday that he will depart CNN, where he served most recently as chief legal analyst, putting an…
Continue Reading Peloton is cutting jobs, closing stores and hiking prices
By Jordan Valinsky, CNN Business Peloton is slashing jobs again, and this time it’s also hiking prices on some of its products. It’s part…
Continue Reading Rivian lost $1.7 billion in three months. Here’s why that may not be a problem
By Matt McFarland, CNN Business Rivian lost a whopping $1.7 billion in the second three months of the year, but some auto industry experts say…
Continue Reading Consumers still don’t feel great about the economy, despite lower gas prices
Martha C. White for CNN Business Consumer sentiment in August continued to rebound from its June trough, but Americans’ feelings about the…
Continue Reading Rate hikes and recession are still in the cards
By Nicole Goodkind, CNN Business There appears to be some confusion about the trajectory of prices in the US. That’s partially because…
Continue Reading Johnson & Johnson will stop selling talc-based baby powder around the world in 2023
By Jordan Valinsky, CNN Business Johnson & Johnson is abandoning talc-based baby powder next year and instead will make it with cornstarch. Its…
Continue Reading Judge denies Trump Org and former CFO’s motion to dismiss tax fraud indictment
By Kara Scannell, CNN Business A New York state judge denied the Trump Organization and its former chief financial officer Allen Weisselberg’s…
Continue Reading The Rhine is shrinking, endangering Europe’s top economy
By Michelle Toh and Benjamin Brown, CNN Business Germany’s Rhine river is getting too dry, snarling supply chains and creating more problems…
Continue Reading UK recession looms as households feel pain of soaring energy bills
By Anna Cooban, CNN Business Britons are bracing themselves for more tough times ahead as the economy starts to shrink and a new forecast suggests…
Continue Reading ‘Moon Man’ is just what China’s box office needs after months of lockdowns
By Laura He, CNN Business A Chinese sci-fi comedy about an astronaut stranded on the moon has shattered summer box office records in China, providing…
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Argentina hikes interest rates to 69.5% as inflation hits 20-year high
By Reuters Argentina’s central bank raised its benchmark interest rate by 950 basis points on Thursday as the country struggles to keep a lid…
Continue Reading Rivian losses surge to $1.7 billion as production ramps up
By Matt McFarland, CNN Business Rivian said Thursday that it lost $1.7 billion in the second quarter of 2022 as it works to ramp up its vehicle…
Continue Reading Shell and Chevron shut Gulf of Mexico oil platforms after small leak halts pipelines
by Matt Egan, CNN Shell and Chevron both said on Thursday that the companies halted oil production at several platforms in the Gulf of Mexico…
Continue Reading Home prices hit a new record high in the second quarter
By Anna Bahney, CNN Business Despite rising mortgage rates that dampened sales, home prices continued to climb higher in the second quarter, with…
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