CNN - Business/Consumer Archives - Page 168 of 199

Global stocks drop after a rough day on Wall Street

January 6, 2022 12:24 AM CNN Newsource

By Michelle Toh and Charles Riley, CNN Business Global stock markets retreated Thursday after the Federal Reserve sparked a major sell-off on Wall…

Conspiracy, deflection, and mockery: How right-wing media is marking the January 6 anniversary

January 5, 2022 9:44 PM CNN

By Oliver Darcy, CNN Business On the one-year anniversary of the January 6 insurrection, some of the most powerful forces in right-wing media…

Fourteen recommended reads about January 6 and ‘what will likely come next’

January 5, 2022 9:44 PM CNN Newsource

By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…

Stocks slide as Federal Reserve confirms its foot is on the stimulus brakes

January 5, 2022 2:38 PM CNN Newsource

By Anneken Tappe, CNN Business Wall Street ended Wednesday’s session sharply lower, as investors dealt with Omicron headlines as well as the…

Stocks slide as Federal Reserve confirms its foot is on the stimulus brakes

January 5, 2022 2:38 PM CNN

By Anneken Tappe, CNN Business Wall Street ended Wednesday’s session sharply lower, as investors dealt with Omicron headlines as well as the…

Global stocks drop after a rough day on Wall Street

January 5, 2022 1:45 PM CNN

By Michelle Toh and Charles Riley, CNN Business Global stock markets retreated Thursday after the Federal Reserve sparked a major sell-off on Wall…

GM says it’s aiming to sell you a self-driving car by middle of this decade

January 5, 2022 1:45 PM CNN Newsource

By Matt McFarland, CNN Business General Motors CEO Mary Barra said Wednesday during CES that the automaker hopes to sell self-driving cars to…

Union supporters walk out at Buffalo Starbucks, citing health concerns

January 5, 2022 1:11 PM CNN Newsource

By Chris Isidore, CNN Business Six employees at a Buffalo Starbucks that recently voted to join a union walked out just before 9 am Wednesday citing…

Stellantis, Jeep’s parent company, is teaming up with Amazon

January 5, 2022 12:41 PM CNN Newsource

By Peter Valdes-Dapena, CNN Business Stellantis, the international automaker that owns brands like Jeep, Chrysler, Fiat, Ram and Peugeot, has entered…

First on CNN: Bank of America’s plan to get workers boosted: $100 donations for hunger relief

January 5, 2022 12:30 PM CNN Newsource

By Matt Egan, CNN Business Bank of America promised on Wednesday to donate $100 towards hunger relief for each US employee who shows proof of getting…

Meghan, Duchess of Sussex to receive confidential sum from UK newspaper for copyright infringement

January 5, 2022 11:09 AM CNN Newsource

By Niamh Kennedy, CNN Meghan, Duchess of Sussex will receive a confidential sum from the Mail on Sunday for infringement of copyright as her lengthy…

GM unveils electric Chevrolet Silverado with 400 miles of range

January 5, 2022 10:48 AM CNN

By Peter Valdes-Dapena, CNN Business General Motors unveiled a new battery-electric pickup truck, the Chevrolet Silverado EV, during the Consumer…

Goldman Sachs predicts bitcoin could hit $100,000

January 5, 2022 10:40 AM CNN Newsource

By Paul R. La Monica, CNN Business Bitcoin prices have pulled back lately — but Goldman Sachs still sees strong gains ahead in the coming years.…

How to get in on the real estate boom without actually buying a house

January 5, 2022 10:38 AM CNN Newsource

By Anna Bahney, CNN Business For many people, buying a home just wasn’t in the cards this year. There were too few homes for sale that were too…

Stocks fall after disappointing jobs report

January 5, 2022 10:36 AM CNN

By Paul R. La Monica, CNN Business The jobs recovery may be losing steam. But the unemployment rate continued to fall, and workers are still bringing…

Nikola drops $2 billion patent infringement suit against Tesla

January 5, 2022 10:30 AM CNN Newsource

By Chris Isidore, CNN Business Upstart electric truck maker Nikola is dropping its $2 billion patent infringement lawsuit against Tesla in which it…

GM unveils electric Chevrolet Silverado with 400 miles of range

January 5, 2022 10:29 AM CNN Newsource

By Peter Valdes-Dapena, CNN Business General Motors unveiled a new battery-electric pickup truck, the Chevrolet Silverado EV, during the Consumer…

Walmart doubles down on delivering groceries straight into your fridge

January 5, 2022 10:22 AM CNN Newsource

Walmart is expanding its push to deliver groceries straight into customers’ kitchen fridges, even when they aren’t…

Two more major financial companies urge workers to stay at home

January 5, 2022 9:34 AM CNN Newsource

By Matt Egan, CNN Business American Express and BlackRock are the latest major companies to urge employees to start 2022 by working remotely as…

US becomes world’s top exporter of liquified natural gas

January 5, 2022 8:56 AM CNN Newsource

By Charles Riley, CNN Business The United States is now the world’s leading exporter of liquified natural gas as Europe’s energy crisis…

This key jobs report for December just dwarfed expectations

January 5, 2022 6:23 AM CNN Newsource

By Anneken Tappe, CNN Business A closely watched barometer for the job market offered a happy surprise for the new year: The ADP Employment Report…

Wall Street is learning to live with big risks

January 5, 2022 5:55 AM CNN Newsource

By Julia Horowitz, CNN Business Markets climbed a wall of worry to new heights in 2021. Buoyed by gains at the end of the year, Wall Street is now…

Here’s who to blame for airlines’ cancellation chaos

January 5, 2022 4:42 AM CNN Newsource

By Chris Isidore, CNN Business A surge in Covid cases and severe winter storms created a miserable holiday travel season for hundreds of thousands of…

China Mobile holds massive Chinese listing after leaving Wall Street

January 5, 2022 12:27 AM CNN Newsource

By Michelle Toh, CNN Business China Mobile’s stock rose on its first day of trading in Shanghai, where it was forced to retreat to after being…

Walmart doubles down on delivering groceries straight into your fridge

January 4, 2022 10:41 PM CNN

By Nathaniel Meyersohn, CNN Business Walmart is expanding its push to deliver groceries straight into customers’ kitchen fridges, even when…

Walmart doubles down on delivering groceries straight into your fridge

January 4, 2022 10:41 PM CNN Newsource

By Nathaniel Meyersohn, CNN Business Walmart is expanding its push to deliver groceries straight into customers’ kitchen fridges, even when…

Chrysler shows off an EV concept and a future for the brand

January 4, 2022 10:02 PM CNN Newsource

By Peter Valdes-Dapena, CNN Business Chrysler was once one of the biggest names in the American auto industry, famous for flashy cars with chrome,…

Port of Los Angeles traffic sets record in 2021

January 4, 2022 4:00 PM CNN Newsource

by Vanessa Yurkevich, CNN Business A record-setting 10.7 million 20-foot containers passed through the Port of Los Angeles in 2021, up 13% from the…

COVID-19 rapid test prices are going up

January 4, 2022 4:14 PM CNN Newsource

At-home COVID-19 rapid test kits were already in short supply at stores. Now, a popular version is getting more…

Charlie Munger must really, really like China’s Alibaba

January 4, 2022 3:17 PM CNN Newsource

By Paul R. La Monica, CNN Business Charlie Munger, the longtime pal of Berkshire Hathaway’s Warren Buffett, is apparently a very big fan of…

KFC’s new menu item tastes like chicken (but isn’t)

January 4, 2022 3:05 PM CNN Newsource

By Jordan Valinsky, CNN Business Kentucky Fried Chicken is going to sell a new menu item that contains no chicken — but tastes like it does. The…

Covid rapid test prices are going up

January 4, 2022 2:42 PM CNN

By Nathaniel Meyersohn, CNN Business At-home Covid-19 rapid test kits were already in short supply at stores. Now, a popular version is getting more…

Covid rapid test prices are going up

January 4, 2022 2:42 PM CNN Newsource

By Nathaniel Meyersohn, CNN Business At-home Covid-19 rapid test kits were already in short supply at stores. Now, a popular version is getting more…

Two more major financial companies urge workers to stay at home

January 4, 2022 1:48 PM CNN

By Matt Egan, CNN Business American Express and BlackRock are the latest major companies to urge employees to start 2022 by working remotely as…

Fanatics buying Topps trading card business for $500 million

January 4, 2022 12:48 PM CNN Newsource

By Paul R. La Monica, CNN Business If you can’t beat ’em, get bought by ’em. Trading card giant Topps — just a few months after…

NYC Mayor Eric Adams to big banks: We need you back in the office

January 4, 2022 12:06 PM CNN Newsource

By Matt Egan, CNN Business New York City Mayor Eric Adams is not pleased with the shift back to remote work by Wall Street banks and other major…

Seth Meyers cancels week of ‘Late Night’ shows after testing positive for Covid-19

January 4, 2022 11:04 AM CNN Newsource

By Frank Pallotta, CNN Business Another NBC late night show has been disrupted by the pandemic. Seth Meyers — the host of the network’s…

The stock market sure is acting strangely

January 4, 2022 10:44 AM CNN Newsource

By Paul R. La Monica, CNN Business Wall Street is having a topsy-turvy moment. Long-term Treasury yields have shot up dramatically, and investors in…

3 key takeaways from the Elizabeth Holmes verdict

January 4, 2022 10:39 AM CNN

Opinion by Jessica A. Roth for CNN Business Perspectives After three months of testimony and seven days of deliberations, the jurors in the trial of…

3 key takeaways from the Elizabeth Holmes verdict

January 4, 2022 10:39 AM CNN Newsource

Opinion by Jessica A. Roth for CNN Business Perspectives After three months of testimony and seven days of deliberations, the jurors in the trial of…

The world’s 500 richest people became $1 trillion richer last year

January 4, 2022 10:23 AM CNN Newsource

By Allison Morrow, CNN Business The world’s wealthiest people, whose fortunes already strained comprehension, collectively gained $1 trillion…

A record 4.5 million Americans quit their jobs in November

January 4, 2022 8:22 AM CNN Newsource

By Anneken Tappe, CNN Business A record 4.5 million Americans voluntarily left their jobs in November, according to the Bureau of Labor Statistics.…

Crystal Pepsi is back

January 4, 2022 10:00 AM CNN Newsource

By Jordan Valinsky, CNN Business Crystal Pepsi, the quirky, failed, clear cola from the 1990s is making a comeback. Pepsi is bringing back the soda…

A record 4.5 million Americans quit their jobs in November

January 4, 2022 9:34 AM CNN

By Anneken Tappe, CNN Business A record 4.5 million Americans voluntarily left their jobs in November, according to the Bureau of Labor Statistics.…

GM was America’s largest automaker for nearly a century. It was just dethroned by Toyota

January 4, 2022 8:51 AM CNN Newsource

By Chris Isidore, CNN Business Toyota is the leader in US auto sales for the first time, taking away a title that General Motors had held for nearly…

Apple’s warp-speed journey to $3 trillion

January 4, 2022 6:28 AM CNN Newsource

By Julia Horowitz, CNN Business The first trading day of the year featured a major milestone for Corporate America and financial markets.…

Biden’s $1 billion bet to make beef cheaper: When will prices fall?

January 4, 2022 4:26 AM CNN Newsource

By Danielle Wiener-Bronner and Matt Egan, CNN Business The White House on Monday offered a solution to surging meat prices: an action plan that…

China denounces Walmart for ‘stupidity’ after Sam’s Club was accused of pulling Xinjiang products

January 4, 2022 2:27 AM CNN Newsource

By Laura He, CNN Business Walmart has been swept up in controversy in China after one of its retailers was accused of removing products sourced from…

Evergrande has been ordered to demolish 39 buildings in Chinese resort

January 4, 2022 1:29 AM CNN Newsource

By Laura He, CNN Business Troubled Chinese real estate developer Evergrande is trying to reassure investors about the impact of an official order to…

Shared history of January 6 is impeded by disinformation, denial and diversion

January 3, 2022 10:15 PM CNN

By Brian Stelter and Donie O’Sullivan, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter.…

Shared history of January 6 is impeded by disinformation, denial and diversion

January 3, 2022 10:15 PM CNN Newsource

By Brian Stelter and Donie O’Sullivan, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter.…

Tesla just opened a new showroom in China’s Xinjiang region

January 3, 2022 9:18 PM CNN Newsource

By Peter Valdes-Dapena, CNN Business Tesla has opened a new showroom in Xinjiang, a region in western China that is purported to be the site of abuse…

At India’s Golden Temple, an intruder was allegedly beaten to death. So why don’t politicians want to talk about it?

January 3, 2022 7:34 PM CNN Newsource

By Rhea Mogul and Esha Mitra, CNN The throngs of worshipers were mid-prayer when a man emerged from the crowd and jumped over the barrier, entering…

Big banks are booming. Now here come earnings

January 3, 2022 3:03 PM CNN

By Paul R. La Monica, CNN Business The prospect of higher interest rates this year is spooking investors in tech stocks and other high growth…

Apple’s warp-speed journey to $3 trillion

January 3, 2022 2:57 PM CNN

By Julia Horowitz, CNN Business The first trading day of the year featured a major milestone for Corporate America and financial markets.…

Stocks kicked 2022 off at record highs

January 3, 2022 2:04 PM CNN Newsource

By Anneken Tappe, CNN Business Start the year how you intend to spend it, right? For the Dow, that means at all-time highs. The index finished up…

GM was America’s largest automaker for nearly a century. It’s about to be dethroned by Toyota

January 3, 2022 12:56 PM CNN Newsource

By Chris Isidore, CNN Business Toyota is about to become the leader in US auto sales for the first time, taking away a title that General Motors has…

Mercedes says its electric concept has 620 miles of range and seats made with mushrooms

January 3, 2022 12:50 PM CNN

By Peter Valdes-Dapena, CNN Business Mercedes has unveiled a new all-electric concept car, the EQXX, that the company claims can go 620 miles on a…

AMC CEO vows on Twitter to refinance movie theater chain’s debt load

January 3, 2022 12:14 PM CNN Newsource

By Paul R. La Monica, CNN Business Movie theater chain AMC was a darling of the meme stock crowd in 2021, soaring nearly 1,200% last year thanks to…

Apple has become the world’s first $3 trillion company

January 3, 2022 11:54 AM CNN Newsource

By Paul R. La Monica, CNN Business Apple has reached yet another major milestone. The iPhone maker topped a market value of $3 trillion Monday —…

Mercedes says its electric concept has 620 miles of range and seats made with mushrooms

January 3, 2022 11:30 AM CNN Newsource

By Peter Valdes-Dapena, CNN Business Mercedes has unveiled a new all-electric concept car, the EQXX, that the company claims can go 620 miles on a…

Wall Street is getting greedy again

January 3, 2022 10:49 AM CNN Newsource

By Paul R. La Monica, CNN Business The calendar has flipped to 2022 but investors are still partying like it’s 2021. Stocks remained near…

5 ways to nail a financial negotiation

January 3, 2022 10:45 AM CNN Newsource

By Jeanne Sahadi, CNN Business Having to negotiate for what you want can feel like getting a root canal. You’d rather not do it, but sometimes…

Starbucks unveils its new employee vaccine policy

January 3, 2022 10:43 AM CNN Newsource

By Jordan Valinsky, CNN Business To comply with the Biden administration’s upcoming vaccine mandate, Starbucks is requiring its workers to be…

Little Caesars’ Hot-N-Ready pizza no longer costs $5

January 3, 2022 10:55 AM CNN Newsource

Not even Little Caesars is immune from price increases: The chain’s signature $5 Hot-N-Ready pizza now costs 11%…

Goldman Sachs tells employees to stay home due to Covid

January 3, 2022 9:53 AM CNN

By Matt Egan Goldman Sachs is joining a growing list of Wall Street firms advising employees to stay home due to soaring Covid cases. The bank sent a…

We can’t afford to let Build Back Better fail

January 3, 2022 8:31 AM CNN Newsource

Opinion by Mark Wolfe for CNN Business Perspectives The Build Back Better bill, the large social safety net and environmental spending bill being…

AT&T and Verizon won’t further delay 5G rollout amid a looming aviation impasse

January 3, 2022 8:04 AM CNN Newsource

By Brian Fung, CNN Business The nation’s biggest cellular carriers say they won’t further delay the rollout of 5G wireless service near…

Sweetgreen is selling a salad subscription

January 3, 2022 8:03 AM CNN Newsource

By Jordan Valinsky, CNN Business Sweetgreen is hoping to alleviate some of the pain of paying for its expensive salads with a new discount program.…

Disney needs a comeback year. Will it get it?

January 3, 2022 6:43 AM CNN Newsource

By Julia Horowitz, CNN Business Disney did not have a magical 2021. Even as Covid-19 vaccines allowed countries around the world to lift…

Little Caesars’ Hot-N-Ready pizza no longer costs $5

January 3, 2022 6:38 AM CNN Newsource

By Jordan Valinsky, CNN Business Not even Little Caesars is immune from price increases: The chain’s signature $5 Hot-N-Ready pizza now costs…

Wired’s top editor: Metaverse ‘feels like a terminological land grab’

January 3, 2022 6:30 AM CNN Newsource

By Kerry Flynn, CNN Business The word “metaverse” is popping up everywhere. Facebook recently changed its name to Meta Platforms. Nike…

Turkey’s inflation soars to 36%, setting a new record for Erdogan era

January 3, 2022 5:01 AM CNN Newsource

By Gul Tuysuz, CNN Turkey’s annual rate of inflation has hit a 19-year high as a currency collapse sends the cost of imports soaring. According…

Evergrande suspends trading of shares in Hong Kong

January 2, 2022 10:16 PM CNN Newsource

By Diksha Madhok, CNN Business Embattled Chinese property developer Evergrande suspended trading in Hong Kong on Monday as the heavily indebted…

What chip shortage? Tesla posts record fourth quarter and full year sales

January 2, 2022 3:05 PM CNN

By Chris Isidore, CNN Business Tesla bucked the industry-wide trend of reduced sales due to the shortage of computer chips and other parts, posting…

What chip shortage? Tesla posts record fourth quarter and full year sales

January 2, 2022 1:48 PM CNN Newsource

By Chris Isidore, CNN Business Tesla bucked the industry-wide trend of reduced sales due to the shortage of computer chips and other parts, posting…

One year later, reporters are still processing what happened on Jan. 6

January 2, 2022 12:50 PM CNN

By Ramishah Maruf, CNN Business One of the defining stories of this year was the Jan. 6 insurrection, and its significance is only growing from here,…

One year later, reporters are still processing what happened on Jan. 6

January 2, 2022 12:50 PM CNN Newsource

By Ramishah Maruf, CNN Business One of the defining stories of this year was the Jan. 6 insurrection, and its significance is only growing from here,…

Goldman Sachs tells employees to stay home due to Covid

January 2, 2022 10:16 AM CNN Newsource

By Matt Egan Goldman Sachs is joining a growing list of Wall Street firms advising employees to stay home due to soaring Covid cases. The bank sent a…

Independent Hong Kong news outlet Citizen News shuts down over safety fears

January 2, 2022 10:04 AM CNN Newsource

By Eric Cheung and Tara John, CNN Business The independent Hong Kong news site Citizen News said it will be shutting down on Tuesday, citing the…

Here’s what Elon Musk is likely to do with those billions of dollars in stock sales

January 2, 2022 7:00 AM CNN Newsource

By Chris Isidore, CNN Business What’s Elon Musk doing with the billions he’s collected in the past two months from selling shares in…

Tesla just opened a new showroom in China’s Xinjiang region

January 2, 2022 7:00 AM CNN

By Peter Valdes-Dapena, CNN Business Tesla has opened a new showroom in Xinjiang, a region in western China that is purported to be the site of abuse…

Can the stock market’s momentum continue into 2022?

January 2, 2022 6:48 AM CNN Newsource

By Julia Horowitz, CNN Business The stock market just wrapped up one of its best years on record. Can it repeat its stellar performance in 2022, even…

Can the stock market’s momentum continue into 2022?

January 2, 2022 6:48 AM CNN

By Julia Horowitz, CNN Business The stock market just wrapped up one of its best years on record. Can it repeat its stellar performance in 2022, even…

Holiday flight cancellations soar with Covid-19 disruptions and bad weather

January 1, 2022 11:27 PM CNN Newsource

By Gregory Wallace and Matt McFarland, CNN Business Thousands of US flights were canceled over New Year’s weekend as a combination of Covid-19…

Holiday flight cancellations hit new peak amid Covid, wintry weather

January 1, 2022 12:06 PM CNN Newsource

By Gregory Wallace and Matt McFarland, CNN Thousands of US flights were canceled on New Year’s Day as a combination of Covid-19 and wintry…

Holiday flight cancellations soar with Covid-19 disruptions and bad weather

January 1, 2022 12:06 PM CNN

By Gregory Wallace and Matt McFarland, CNN Business Thousands of US flights were canceled over New Year’s weekend as a combination of Covid-19…

Why prices will keep soaring in 2022

January 1, 2022 6:56 AM CNN Newsource

By Anneken Tappe, CNN Business America is finishing the year with decades-high inflation. That doesn’t bode well for 2022. Prices have climbed…

Need to hit a store on New Year’s Day? Here’s what’s open

January 1, 2022 6:41 AM CNN Newsource

By Parija Kavilanz, CNN Business It’s New Year’s Day, and many of us are probably staying cocooned in our homes, contemplating the year…

Spirit Airlines to double flight attendant pay through January 4

December 31, 2021 11:45 AM CNN Newsource

By Reuters Spirit Airlines flight attendants are receiving double pay on any work through January 4, their union said, as the budget carrier…

How Bob Iger celebrated his last day at Disney after nearly 50 years

December 31, 2021 11:25 AM CNN Newsource

By Clare Duffy, CNN Business Bob Iger, Disney’s former chief executive and long-time executive chairman, is officially ending his tenure Friday…

Cruise stocks fall after CDC says stay away

December 31, 2021 10:26 AM CNN Newsource

By Paul R. La Monica, CNN Business Cruise company stocks had been holding up remarkably well in December despite concerns about Covid outbreaks on…

FAA warns it may be forced to delay flights because of Covid

December 31, 2021 9:56 AM CNN Newsource

By Gregory Wallace, CNN Business The Federal Aviation Administration is warning more air travel headaches may be in store, even as airlines cancel…

Two of America’s biggest banks return to remote work to start 2022

December 31, 2021 9:33 AM CNN Newsource

By Matt Egan, CNN Business Omicron is messing with back-to-the-office plans for both JPMorgan Chase and Citigroup. Citing the spike in Covid-19…

Bernie Sanders: Pay your workers better. Warren Buffett: That’s not my job

December 31, 2021 8:34 AM CNN Newsource

By Chris Isidore, CNN Business Warren Buffett, the ninth-richest person on the planet, says it’s not up to him to settle a strike by 450…

Stocks surged in 2021, as Wall Street rolled its eyes at Covid

December 31, 2021 7:33 AM CNN Newsource

By Paul R. La Monica, CNN Business The year’s last day of trading was a relatively quiet one. Stocks ended the day slightly lower Friday. But…

Ikea is raising prices by 9% in 2022

December 31, 2021 6:04 AM CNN

Ikea said its customers will pay more when they shop at its stores in…

Ikea is raising prices by 9% in 2022

December 31, 2021 6:04 AM CNN Newsource

By Parija Kavilanz, CNN Business Ikea said its customers will pay more when they shop at its stores in 2022. Like many companies with tight profit…

The economy is booming. 5 reasons that could change in 2022

December 31, 2021 4:45 AM CNN Newsource

By Matt Egan, CNN Business The US economy is heading into 2022 with serious momentum. The recovery gained steam in the last few months, capping off…

China’s factories are still recovering, but Covid-19 pains linger

December 31, 2021 1:43 AM CNN

By Jill Disis, CNN Business Activity at China’s big factories continued to pick up this month even as the country battles stubborn Covid-19…

CNN – Business/Consumer