Starbucks CEO on store closings: ‘There are going to be many more’
By Danielle Wiener-Bronner, CNN Business Starbucks may not be done closing stores over safety concerns. “We are beginning to close…
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Not everyone can afford air conditioning during a brutal heat wave. Here’s how they cope
By Tami Luhby, CNN Even when the temperature soars into the 90s, Linda Morris won’t turn on her air conditioning until she feels she’s…
Continue Reading Not everyone can afford air conditioning during a brutal heat wave. Here’s how they cope
By Tami Luhby, CNN Even when the temperature soars into the 90s, Linda Morris won’t turn on her air conditioning until she feels she’s…
Continue Reading Opinion: The pilot shortage is about to get a lot worse
Opinion by Geoff Murray, Andrew Medland and Rory Heilakka for CNN Business Perspectives The ongoing pilot shortage has already wreaked havoc on…
Continue Reading This is the key to getting the global economy working again
By Julia Horowitz, CNN Business Global supply chains are still a snarled mess, disrupting deliveries of goods, adding to headaches for businesses and…
Continue Reading GM reports strong sales but says it’s prepared for possible recession
By Chris Isidore, CNN Business General Motors said strong sales and demand for vehicles doesn’t suggest any signs of an economic slowdown, but…
Continue Reading UK workers suffer their biggest pay drop in two decades as inflation bites
By Anna Cooban, CNN Business Workers in the United Kingdom are struggling with the biggest drop in pay in more than two decades, as surging food and…
Continue Reading The Chevy Blazer EV will be GM’s new mass-market electric SUV
By Peter Valdes-Dapena, CNN Business General Motors revealed a new electric mid-sized SUV, the Chevrolet Blazer EV, that will go on sale in about a…
Continue Reading KFC just rolled out a new menu item to attract a younger crowd
By Danielle Wiener-Bronner, CNN Business KFC is trying out a new type of chicken nugget in an effort to attract younger consumers. Starting Monday,…
Continue Reading Staten Island ferry cuts service due to uptick of Covid-19 cases among staff members
By Vanessa Yurkevich, CNN The Staten Island ferry, known for getting residents and commuters to and from Lower Manhattan to Staten Island in 25…
Continue Reading More US stations are selling gas for less than $4 a gallon
By Chris Isidore, CNN Business Gasoline for less than $4 a gallon is back, at least in some spots. Nearly one in five gas stations is charging under…
Continue Reading Starbucks is reportedly considering selling its UK business
By Danielle Wiener-Bronner, CNN Business As prices surge and the UK economy struggles more than most of its peers, Starbucks is reportedly looking…
Continue Reading France is facing a looming energy crisis. Here’s how the UAE could help as its president touches down in Paris
By Eoin McSweeney, Mostafa Salem and Celine Alkhaldi France is in the midst of an energy crisis: Russia continues to cut off supply to Europe while…
Continue Reading Netflix is in rough shape. This week will determine its future
By Frank Pallotta and Nicole Goodkind, CNN Business Netflix, once a darling of Wall Street, is suddenly on the ropes. The streaming giant will report…
Continue Reading Toys ‘R’ Us is coming back. Soon, it’ll be almost everywhere
By Ramishah Maruf, CNN Business Once left for dead, Toys “R” Us is making a major comeback. The toy store brand will be just about…
Continue Reading Why Tide Pods look like candy
By Nathaniel Meyersohn, CNN Business In 2004, Procter & Gamble was looking for a hit. It had been two decades since the consumer products…
Continue Reading Google’s stock just got a lot cheaper
By Paul R. La Monica, CNN Business One share of Google’s parent company Alphabet is suddenly a lot more affordable for Main Street investors…
Continue Reading Toys ‘R’ Us is coming back. Soon, it’ll be almost everywhere
By Ramishah Maruf, CNN Business Once left for dead, Toys “R” Us is making a major comeback. The toy store brand will be just about…
Continue Reading Goldman Sachs still rules Wall Street: Earnings blow away forecasts
By Paul R. La Monica, CNN Business Goldman Sachs is clearly still the top dog on Wall Street. The investment banking powerhouse reported earnings and…
Continue Reading The story of a 10-year-old rape victim shows why abortion coverage needs local reporters
By Ramishah Maruf, CNN The attorney general of the state of Ohio couldn’t match the job of a local reporter who confirmed the case of a…
Continue Reading Foreign buyers are slowly returning to the US housing market
By Anna Bahney, CNN Business Anyone who bought a home — or tried to — over the past couple of years knows that it was rip-roaringly…
Continue Reading British Airways passengers get mid-air email canceling their connecting flight
By Alexandra Peers, CNN Business It’s always frustrating to find out your flight is canceled. Far more frustrating? Receiving word while…
Continue Reading What recession? America’s banks reveal few signs of trouble
By Julia Horowitz, CNN Business If a recession were to arrive in the United States, there would normally be evidence of pain at America’s…
Continue Reading Europe braces for a potential gas crisis as historic heatwave boosts demand
By Anna Cooban, CNN Business Europe is bracing for the potential of a full-blown gas crisis later this week just as an historic heatwave has hiked…
Continue Reading China scrambles to defuse alarm over mortgage boycotts and banks runs
By Laura He, CNN Business China is trying to ease panic over two of the biggest issues threatening social stability in the country—mortgage…
Continue Reading India hits 2 billion Covid-19 vaccinations as infections hit four-month high
Story by Reuters The Indian government’s Covid-19 vaccinations hit 2 billion on Sunday, with booster doses underway for all adults, as daily…
Continue Reading The story of a 10-year-old rape victim shows why abortion coverage needs local reporters
By Ramishah Maruf, CNN The attorney general of the state of Ohio couldn’t match the job of a local reporter who confirmed the case of a…
Continue Reading The story of a 10-year-old rape victim shows why abortion coverage needs local reporters
By Ramishah Maruf, CNN The attorney general of the state of Ohio couldn’t match the job of a local reporter who confirmed the case of a…
Continue Reading Netflix is in rough shape. This week will determine its future
By Frank Pallotta and Nicole Goodkind, CNN Business Netflix, once a darling of Wall Street, is suddenly on the ropes. The streaming giant will report…
Continue Reading The truth, and strategy, of food expiration dates
By Danielle Wiener-Bronner, CNN Business When you walk into a supermarket and pick up an item — anything from milk to cereal to a can of beans —…
Continue Reading Biden averts freight railroad strike – for now
By Chris Isidore and Betsy Klein, CNN Business Worried about supply chain problems that are already causing problems for the nation’s economy,…
Continue Reading This supercharged tree might help fight climate change
By Matt McFarland, CNN Business The problem with trees is that they are too slow. Part of the issue with catastrophic climate change is that, by some…
Continue Reading Biden averts freight railroad strike – for now
By Chris Isidore and Betsy Klein, CNN Business Worried about supply chain problems that are already causing problems for the nation’s economy,…
Continue Reading Hertz faces lawsuit from 47 customers claiming false arrests
By Matt McFarland, CNN Business 47 Hertz customers have filed a lawsuit against the rental company that describes horror stories after they were…
Continue Reading Stocks end tumultuous week with a rally
By Nicole Goodkind, CNN Business US stocks surged Friday as an end-of-week rally gained momentum and sent the Dow up over 600 points. A new batch of…
Continue Reading This supercharged tree might help fight climate change
By Matt McFarland, CNN Business The problem with trees is that they are too slow. Part of the issue with catastrophic climate change is that, by some…
Continue Reading This one thing is pushing up the price of almost everything you buy
Martha C. White Although prices at the pump serve as one of the most prominent symbols of rampant inflation, economists are more worried about the…
Continue Reading Americans are feeling slightly better about the economy, but inflation still bites
By Alicia Wallace, CNN Business Americans are feeling slightly better about the economy, but painfully high inflation is still keeping consumer…
Continue Reading Employers who want workers in the office more often may be in for a fight
By Kathryn Vasel, CNN Business Many employers have made it clear that they want their workers to return to the office — at least part of the…
Continue Reading This one thing is pushing up the price of almost everything you buy
Martha C. White Although prices at the pump serve as one of the most prominent symbols of rampant inflation, economists are more worried about the…
Continue Reading China extends property loans at the fastest pace in three years as mortgage crisis spreads
By Laura He, CNN Business China’s banking regulator has pledged to boost lending to help developers finish stalled property projects and boost…
Continue Reading Energy saved US markets last quarter. Now the sector is losing power
By Nicole Goodkind, CNN Business US markets took a beating on Thursday as big bank earnings delivered disappointing results. Markets and the economy…
Continue Reading China’s economy records slowest growth since the start of 2020
By Laura He, CNN Business China’s economy has recorded its worst quarterly performance in over two years, after months of harsh Covid lockdowns…
Continue Reading Uber’s safety issues still loom large: Another five passengers sue company over alleged sexual assault incidents
By Sara Ashley O’Brien, CNN Business Five more passengers are suing Uber over alleged sexual assault incidents that occurred in recent months…
Continue Reading Exclusive: Wordle is being turned into a board game
By Jordan Valinsky, CNN Business Wordle is jumping from the P-H-O-N-E to the B-O-A-R-D. Hasbro is partnering with the New York Times, which owns the…
Continue Reading Big pay raises expected for 2023. But here’s why that extra income may not make a difference
By Jeanne Sahadi, CNN Business US employers say they expect the average raise to be 4.1% in 2023, which would be the largest hike in 15 years,…
Continue Reading Exclusive: Wordle is being turned into a board game
By Jordan Valinsky, CNN Business Wordle is jumping from the P-H-O-N-E to the B-O-A-R-D. Hasbro is partnering with the New York Times, which owns the…
Continue Reading Why BMW is offering heated seats on a monthly subscription
By Peter Valdes-Dapena, CNN Business BMW is now offering British drivers the option of enjoying a heated seat on a monthly subscription basis. Of…
Continue Reading Pepsi is making big money on smaller portions
By Danielle Wiener-Bronner, CNN Business The biggest trend in snacking is something small: Chip bags and sodas are going mini. PepsiCo is seeing…
Continue Reading Stamps are more expensive now. Here’s how much more you’ll pay to drop a letter in the mail
By Chris Isidore, CNN Business Maybe this counts as good news in a time of painful price increases for necessities such as food, fuel and housing:…
Continue Reading A truly massive interest rate hike is now on the table
By Julia Horowitz, CNN Business Central banks have made clear that after a sluggish start, they’re serious about putting a lid on inflation.…
Continue Reading This key inflation measure shows prices are still rising
By Alicia Wallace, CNN Business A leading inflation indicator surged in June, showing that prices continue to remain stubbornly high. The Producer…
Continue Reading Jamie Dimon battens down the hatches for a recession
By Nicole Goodkind, CNN Business JPMorgan Chase kicked off the second quarter earnings season with bad news: The bank temporarily suspended share…
Continue Reading Mortgage rates rise to 5.5% as volatility continues
By Anna Bahney, CNN Business Mortgage rates are on the rise again after a dramatic drop last week. The 30-year fixed-rate mortgage averaged 5.51% in…
Continue Reading Tesla’s head of AI, an ardent supporter of ‘full self driving,’ has exited the company
By Matt McFarland, CNN Business Andrej Karpathy, Tesla’s director of artificial intelligence, announced Wednesday he’s leaving the…
Continue Reading What recession? America’s banks reveal few signs of trouble
By Julia Horowitz, CNN Business If a recession were to arrive in the United States, there would normally be evidence of pain at America’s…
Continue Reading Pepsi is making big money on smaller portions
By Danielle Wiener-Bronner, CNN Business The biggest trend in snacking is something small: Chip bags and sodas are going mini. PepsiCo is seeing…
Continue Reading Chinese homebuyers refuse to pay mortgages on unfinished apartments
By Laura He, CNN Business China’s real estate crisis is escalating, raising concerns about growing risks in the banking system. Desperate…
Continue Reading Emirates slams Heathrow ‘incompetence’ over summer ‘airmageddon’
By Anna Cooban and Livvy Doherty, CNN Business Emirates airline has blasted one of the world’s busiest airports for its…
Continue Reading US journalists targeted by foreign hackers who show sophisticated understanding of American politics
By Sean Lyngaas, CNN In the days before the January 6, 2021, insurrection, Chinese hackers sent out a flurry of malicious emails to prominent White…
Continue Reading Average rent in Manhattan jumps to a record $5,000 a month
By Anna Bahney, CNN Business Rent continued to skyrocket to new record highs in Manhattan last month. The median monthly rent paid by a tenant for a…
Continue Reading Bill Gates funnels $20 billion to foundation and plans to drop off list of wealthiest people
By Allison Morrow, CNN Business Bill Gates is moving $20 billion of his wealth into the endowment of the Bill and Melinda Gates Foundation, which is…
Continue Reading Why requiring workers to spend more days in the office could backfire
By Jeanne Sahadi, CNN Business Before the pandemic, many corporate leaders believed that allowing their employees to work from home would hurt…
Continue Reading Champagne bottle sells for record $2.5 million
By Alexandra Peers, CNN Business A bottle of Champagne has sold for $2.5 million, eclipsing the auction record for bubbly and likely becoming the…
Continue Reading Netflix with ads is coming
By Frank Pallotta, CNN Business You’ll soon be able to sign up for a cheaper version of Netflix with ads — though that option is still in its…
Continue Reading Americans are feeling slightly better about the economy, but inflation still bites
By Alicia Wallace, CNN Business Americans are feeling slightly better about the economy, but painfully high inflation is still keeping consumer…
Continue Reading Here’s what’s getting more expensive at the grocery store
By Danielle Wiener-Bronner, CNN Business Food prices are still on the rise, but some relief may be on the horizon. In the 12-months ending in June,…
Continue Reading What the heck happened to the Gap?
By Nathaniel Meyersohn, CNN Business In 1969, real estate investor Don Fisher opened a store in San Francisco aimed at teens and college kids,…
Continue Reading US inflation hit 40-year high in June, driven by record gas prices
By Lucy Bayly and Alicia Wallace, CNN Business Inflation surged to a new pandemic-era peak in June, with US consumer prices jumping by 9.1%…
Continue Reading Opinion: The Supreme Court’s EPA decision is a wake-up call. Congress must act now
Opinion by Suzanne DiBianca for CNN Business Perspectives The US Supreme Court’s ruling limiting the EPA’s authority to regulate…
Continue Reading 3 reasons not to panic about decades-high inflation
By Julia Horowitz, CNN Business When the latest data on consumer prices in the United States landed Wednesday, the headline number was ugly.…
Continue Reading Delta earnings fall far short of expectations because of high fuel costs and service problems
By Chris Isidore, CNN Business A bad quarter for Delta Air Lines passengers turned into a bad quarter for Delta investors, as the costs of service…
Continue Reading Heat wave threatens power shortages and higher pork prices in China
By Laura He, CNN Business A scorching heat wave in China has forced a major manufacturing region to appeal to businesses and households to use less…
Continue Reading Traveling reaches peak suck just as everyone is trying to get out of town
By Allison Morrow, CNN Business Editor’s Note: This story is part of CNN Business’ Nightcap newsletter. To get it in your inbox, sign up…
Continue Reading Airlines forced to drop service at these US airports due to the pilot shortage
By Chris Isidore, CNN Business Flying in and out of the Dubuque, Iowa, airport on the banks of the Mississippi has been a breeze for the 100,000…
Continue Reading Bill Ackman will repay investors $4 billion after his SPAC fails
By Nicole Goodkind, CNN Business Billionaire activist investor Bill Ackman will close his special purpose acquisition company and return $4 billion…
Continue Reading Dave Chappelle’s controversial Netflix special nabs Emmy nominations
By Frank Pallotta, CNN Business Dave Chappelle‘s Netflix comedy special, “The Closer,” received huge backlash last year for the…
Continue Reading The Jeep Wrangler plug-in hybrid just outsold all of Toyota’s plug-ins combined
by Peter Valdes-Dapena, CNN Business It might surprise you to learn that the best-selling plug-in hybrid vehicle in America is, of all things, a Jeep…
Continue Reading Elon Musk’s politics trigger strong reactions from Tesla customers
By Matt McFarland, CNN Business Jason Simon placed an order for a Tesla Model 3 this April, eager to own an electric vehicle. He heard from Tesla in…
Continue Reading The euro and the US dollar are at parity for the first time in 20 years
By Nicole Goodkind, CNN Business For the first time in 20 years, the exchange rate between the euro and the US dollar has reached parity —…
Continue Reading Peloton will stop making its own bikes
By Jordan Valinsky, CNN Business Peloton will stop making its own bikes and treadmills, a drastic change for the struggling company aimed at cutting…
Continue Reading How a Chinese metal tycoon imploded the nickel market — and walked away with billions
By Nicole Goodkind, CNN Business Most investors don’t lose an $11 billion bet and walk away unscathed, but a Chinese metal tycoon known as…
Continue Reading Boeing delivers a 737 Max to one of the airlines that suffered a fatal crash of the plane
By Chris Isidore, CNN Business Ethiopian Airlines took delivery of a 737 Max from Boeing in June, the aircraft maker disclosed Tuesday. It’s…
Continue Reading Delta earnings fall far short of expectations because of high fuel costs and service problems
By Chris Isidore, CNN Business A bad quarter for Delta Air Lines passengers turned into a bad quarter for Delta investors, as the costs of service…
Continue Reading Matthew Berry, ESPN’s fantasy guru, is leaving the network
By Frank Pallotta, CNN Business Matthew Berry, ESPN’s longtime fantasy sports guru, is leaving the network, Berry and ESPN announced Monday.…
Continue Reading Why King Dollar’s huge rally isn’t reason to cheer
By Julia Horowitz, CNN Business The US dollar is rising at a blistering clip, reaching its strongest level against other major currencies in almost…
Continue Reading Heathrow asks airlines to stop selling summer tickets as it limits daily passengers to 100,000
By Livvy Doherty, CNN Business Heathrow Airport is asking airlines to stop selling any more tickets for travel this summer, as it announces a cap on…
Continue Reading China tries to stem growing anger over frozen bank deposits
By Laura He, CNN Business Chinese authorities will start refunding bank customers whose accounts have been frozen for months, following some of the…
Continue Reading The euro and the US dollar are at parity for the first time in 20 years
By Nicole Goodkind, CNN Business For the first time in 20 years, the exchange rate between the euro and the US dollar has reached parity —…
Continue Reading First on CNN: BTS is coming to Disney in a major streaming deal
By Michelle Toh, CNN Business Disney is bringing BTS to its streaming services, adding the world’s biggest band to its roster of digital stars.…
Continue Reading Consumers’ inflation expectations hit record high
By Lucy Bayly, CNN Business Consumer expectations for prices to continue rising over the next year increased to the highest level on record,…
Continue Reading A crucial Russian gas pipeline has been shut for repairs. Will it ever reopen?
By Julia Horowitz, CNN Business Since the West hit Russia with bruising sanctions following its invasion of Ukraine, a frightening question has…
Continue Reading How to get free fries at McDonald’s and Wendy’s this week
By Jordan Valinsky, CNN Business McDonald’s and Wendy’s are both giving away free fries this week. On Wednesday, in celebration of the…
Continue Reading The euro and the dollar are under half a penny away from parity for the first time in 20 years
By Nicole Goodkind, CNN Business For the first time in 20 years, the exchange rate between the euro and the US dollar is nearly the same — the…
Continue Reading ‘Thor: Love and Thunder’ nabs a mighty box office opening for Marvel
By Frank Pallotta, CNN Business The God of Thunder still has some pop. “Thor: Love and Thunder,” the latest film in the Marvel Cinematic…
Continue Reading Nobody likes self-checkout. Here’s why it’s everywhere
By Nathaniel Meyersohn, CNN Business “Unexpected item in the bagging area.” “Please place item in the bag.” “Please…
Continue Reading US ports saw record imports this spring, as port workers’ contract expires
by Vanessa Yurkevich, CNN Another record breaking number of imports passed through the US’s major container ports this spring — showing…
Continue Reading Opinion: The US can still avoid a recession. Here’s how
Opinion by Joseph H. Davis for CNN Business Perspectives The United States economy is in jeopardy. Higher prices for essentials like food and energy…
Continue Reading Opinion: The US can still avoid a recession. Here’s how
Opinion by Joseph H. Davis for CNN Business Perspectives The United States economy is in jeopardy. Higher prices for essentials like food and energy…
Continue Reading This is what doomed Elon Musk’s Twitter deal
By Julia Horowitz, CNN Business When Elon Musk announced his intention to buy Twitter almost 90 days ago, the world — and financial markets —…
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