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Ride-hailer Didi raised $4.4 billion in the IPO, giving it a valuation of more than $67 billion. CNN’s Clare Sebastian reports.

By Moira Ritter, CNN Business Didi’s stock tumbled Friday after China’s Cyberspace Administration suspended the registration of new users from the company. The suspension comes just two days after China’s largest ride-hailing service, which forced Uber out of mainland China five years ago, went public on the NYSE in the biggest US share offering by

By Chris Isidore, CNN Business Tesla managed to sell more than 200,000 vehicles last quarter, even as the company faced rising prices, a PR disaster in China and a shortage of computer chips. The company also managed to build more than 200,000 cars over the past three months despite those enormous headwinds. The increase in

By Nathaniel Meyersohn, CNN Business If you feel like you’ve seen fewer blowout clothing sales at stores and online, you’re right. And you’re likely to see a near-absence of promotions even through the holidays later this year. Consumer demand for new wardrobes is soaring thanks to stimulus checks and pent-up demand built during the pandemic.

By Julia Horowitz, CNN Business There’s never been a better time for companies to raise funding from hot markets or make moves to scoop up their competitors. That’s been a huge boon to investment bankers, who are gearing up for another summer of juggling dealmaking with vacations. What’s happening: The US market for initial public

By Julia Horowitz, CNN Business When the latest US jobs report goes live on Friday, investors and economists will be closely watching the number of jobs added in June. What’s happening: Employers are expected to have created 700,000 positions, pushing the unemployment rate down to 5.7%. That would be a strong reading, even though the

By Julia Horowitz, CNN Business The United States has won international backing for its plan to overhaul the global system for taxing companies, a huge step toward simplifying a complex web of rules long exploited by big corporations. Countries including India, China and Switzerland have agreed to a broad framework for reform set out by

The OECD’s tax reform overhaul includes a global minimum tax of at least 15% on multinational companies. CNN’s Christine Romans reports.

By Julia Horowitz, CNN Business For years, many of America’s top corporations have viewed annual shareholder votes as either a necessary formality or a nuisance. Now, a wave of activism is forcing them to pay closer attention. What’s happening: Shareholders approved a record number of resolutions in 2021 on issues related to climate and social

By Jessie Yeung, CNN Business Crowded factories in Asia’s manufacturing hubs seemed curiously immune to coronavirus as it spread through most of the world last year. By the end of 2020, Thailand and Vietnam had reported fewer than 200 deaths between them, and Cambodia and Laos didn’t report any at all. But that changed this

“The pandemic is absolutely not over.” That from the US Surgeon General after new numbers show the concerning Delta variant is continuing to spread across the country, now detected in almost every US state.

By Allison Morrow, CNN Business Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. ROBINHOOD’S GOING PUBLIC Big week for our friends over at Robinhood. Yesterday they got slapped with a record $70 million FINRA fine. Today, they’re jetting toward

By Matt Egan, CNN Business A senior ExxonMobil lobbyist appears to have unwittingly revealed how the oil company uses its political muscle to undercut climate action. “Did we aggressively fight against some of the science? Yes,” Keith McCoy, the Exxon lobbyist, said during a covertly filmed job interview recorded by Greenpeace’s UK investigative platform. “Did

Keith McCoy, a senior ExxonMobil lobbyist, was secretly recorded by Greenpeace seemingly revealing how ExxonMobil fights against climate solutions.

By Jordan Valinsky, CNN Business Krispy Kreme’s second appearance on the public markets is off to a sweeter start than expected. The doughnut chain began trading Thursday and opened at $16.30 per share, which is about 4% below its initial public offering at $17. Since then, shares rebounded and closed nearly 25% higher on its

By Chris Isidore, CNN Business US auto sales soared in the second quarter. But the uptick could have been much bigger. Automakers have struggled to find the computer chips required to build enough cars and trucks to meet demand, with most temporarily shutting their factories as a result of the shortage. The tight supplies drove

By Matt Egan, CNN Business Robinhood has settled a wrongful death lawsuit filed by the family of a 20-year-old trader who died by suicide after seeing a negative account balance of $730,000. The controversial trading app disclosed the settlement on Thursday in its IPO filing. Terms of the agreement were not disclosed. The family of

By Allison Morrow, CNN Business Robinhood, a day after incurring a record-breaking fine from Wall Street’s industry regulator, filed paperwork for its hotly anticipated initial public offering. The company plans to list its shares on the Nasdaq stock exchange under the symbol HOOD, according to its filing with the Securities and Exchange Commission. As is

Meghan McCain, who joined “The View” in 2017, has announced that season 24 will be her last. Watch her announcement on air.

By Oliver Darcy, CNN Business Meghan McCain, the conservative personality who repeatedly ignited controversy and clashed with her colleagues on and off set, announced Thursday that she will leave her role as a co-host on ABC’s “The View.” “I’m just going to rip the bandaid off,” McCain said at the top of the show. “I

By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. “Thank God for a free press — which is doing the investigating and reporting that Congress should have done way before now,” Asha Rangappa wrote Wednesday. She was talking about

CNN’s Donie O’Sullivan was on the scene at former President Donald Trump’s rally in Wellington, Ohio, where he spoke with diehard supporters who remain convinced that Trump won the 2020 election (he didn’t) and claim that Democrats and the FBI are to blame for the Capitol insurrection (they aren’t).

By Anneken Tappe, CNN Business America’s factories are struggling with supply chain issues and material shortages. Now, that’s showing up in prices: in June, Manufacturers reported the biggest price jump in 42 years. The Institute for Supply Management‘s manufacturing price index rose to 92.1% last month, up 4.1 percentage points and hitting its highest mark

By Alison Kosik, CNN Hertz has officially emerged from bankruptcy after more than a year as a “much stronger company,” thanks to a red-hot rental car market as more Americans travel and the economy reopens. As part of its bankruptcy filing last year, Hertz promised to sell more than 180,000 vehicles from its fleet by

By Alexis Benveniste, CNN Business Ampex Brands — a franchisee that owns more than 400 Pizza Hut, KFC, Taco Bell, Long John Silver’s and 7-Eleven locations — is buying Au Bon Pain. Panera, which purchased Au Bon Pain in 2017, will sell all 171 of Au Bon Pain’s locations and will allow Ampex to franchise

Workers, wielding new-found leverage from the pandemic, are being more selective. One company hired 412 employees offering a $2000 bonus if they stayed 90 days – yet many of them left.

In Atlanta, Mary Mac’s Tea Room serves up much more than sweet tea. See how they put their soul into a classic taste of the South.

KleinVision’s AirCar reached an altitude of 1500 feet and completed two take-offs and landings during its maiden flight in Slovakia, according to the company.

Host Tucker Carlson made explosive claims against the NSA, but his Fox News colleagues didn’t pick up the story.

United Airlines is buying 270 jets, the largest aircraft purchase in the company’s history and the biggest order by any airline in about a decade. CNN’s Pete Muntean reports.

CNN’s Brian Stelter speaks with Los Angeles Times owner Patrick Soon-Shiong and editor Kevin Merida as the publication expands its digital footprint in an effort to “redefine the modern American newspaper.”