Consumers are keeping the economy afloat… for now
By Nicole Goodkind, CNN Business American shoppers just keep on spending, lending vital support to the economy. The question is: How long will it…
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Lamborghini’s last purely gas-powered supercar is a road car turned into an off-road monster
By Peter Valdes-Dapena, CNN Business The Lamborghini Huracán Sterrato, officially unveiled in Miami Wednesday will be the Italian automaker’s…
Continue Reading Lamborghini’s last purely gas-powered supercar is a road car turned into an off-road monster
By Peter Valdes-Dapena, CNN Business The Lamborghini Huracán Sterrato, officially unveiled in Miami Wednesday will be the Italian automaker’s…
Continue Reading Global 4-day week pilot was a huge success, organizers say
By Anna Cooban, CNN Business The verdict is in: A four-day work week is good for business. After six months, most of the 33 companies and 903 workers…
Continue Reading Inflation in Europe drops for the first time in 17 months
By Julia Horowitz, CNN Business For the first time in 17 months, inflation in Europe is easing. Consumer prices rose by 10% in the year to November,…
Continue Reading China to punish internet users for ‘liking’ posts in crackdown after zero-Covid protests
By Laura He, CNN Business Internet users in China will soon be held liable for liking posts deemed illegal or harmful, sparking fears that the…
Continue Reading China to punish internet users for ‘liking’ posts in crackdown after zero-Covid protests
By Laura He, CNN Business Internet users in China will soon be held liable for liking posts deemed illegal or harmful, sparking fears that the…
Continue Reading Businesses scramble to limit the damage of looming freight rail strike
By Matt Egan and Kate Trafecante, CNN From retailers and computer chip makers to the oil-and-gas industry, businesses are scrambling to find…
Continue Reading American consumers got holiday shopping off to a strong start
By Nathaniel Meyersohn, CNN Business Americans dished out for toys, televisions and clothing on Black Friday and into the holiday weekend, despite…
Continue Reading There’s a big problem with the Kroger-Albertsons supermarket merger
By Nathaniel Meyersohn, CNN Business When Christine Martinez found out last month that Kroger and Albertsons planned to merge in a deal worth nearly…
Continue Reading American consumers got holiday shopping off to a strong start
By Nathaniel Meyersohn, CNN Business Americans dished out for toys, televisions and clothing on Black Friday and into the holiday weekend, despite…
Continue Reading Mortgage giants raise loan limits to a record level for 2023
By Anna Bahney, CNN Business Mortgage giants Fannie Mae and Freddie Mac will raise the limits of government-backed loans to a record level for 2023,…
Continue Reading What the heck happened to Salesforce?
By Paul R. La Monica, CNN Business Tech stocks have taken a nasty tumble this year, but some are doing even worse than others. Exhibit A: software…
Continue Reading US consumer confidence falls to lowest level since July
By Alicia Wallace, CNN Business US consumer confidence fell in November as inflation and economic uncertainty continued to loom large and potentially…
Continue Reading McDonald’s is giving people the chance to win free food for life
By Jordan Valinsky, CNN Business For the holidays, McDonald’s is giving away free meals for life. Well, sort of. Beginning December 5, every…
Continue Reading AMC Networks CEO steps down after less than three months as network plans staff cuts
By Frank Pallotta, CNN Business AMC Networks is looking for a new CEO and plans to lay off 20% of its US workforce. After less than three months on…
Continue Reading McDonald’s is giving people the chance to win free food for life
By Jordan Valinsky, CNN Business For the holidays, McDonald’s is giving away free meals for life. Well, sort of. Beginning December 5, every…
Continue Reading Bank of America CEO predicts two years of pain ahead in the housing market
By Paul R. La Monica, CNN Business The CEO of one of the nation’s largest banks is preparing for an economic downturn in 2023. But he’s…
Continue Reading Did the economy end 2022 with a bang or a whimper?
By Paul R. La Monica, CNN Recession alarm bells are sounding. But are they premature? Yes, retail sales tumbled in December as inflation took its…
Continue Reading How an arcane 96-year-old law stopped the rail strike
By Chris Isidore, CNN Business Most labor disputes never end up being debated in Congress. But thanks to a nearly century-old law that regulates…
Continue Reading Rail unions decry Biden’s call for Congress to block strike. Businesses praise the plan
By Chris Isidore and Matt McFarland, CNN Business President Joe Biden was in the unusual position Tuesday of being praised by business interests and…
Continue Reading What protests in China may mean for the economy
By Nicole Goodkind, CNN Business Protests against China’s prolonged and restrictive Covid regulations spread across the country over the…
Continue Reading Is this the last Christmas for Sears?
By Chris Isidore, CNN Business Tracy Easterling spent about an hour Sunday shopping at Sears, which used to be one of her favorite stores. She ended…
Continue Reading The crypto winter claims Bitfront exchange as its latest casualty
By Diksha Madhok, CNN Business Bitfront, a crypto exchange backed by Japanese social media app Line, is shutting down after failing to overcome…
Continue Reading As China grapples with rare protests, Shanghai Disneyland shuts over Covid curbs once again
Simone McCarthy, CNN Business Shanghai Disneyland has been closed again because of China’s Covid restrictions, just days after reopening…
Continue Reading ‘White paper’ protests: China’s top stationery supplier says it’s still selling A4 sheets
By Laura He, CNN Business The rare protests that spread across China over the weekend often featured demonstrators holding pieces of blank white…
Continue Reading ‘White paper’ protests: China’s top stationery supplier says it’s still selling A4 sheets
By Laura He, CNN Business The rare protests that spread across China over the weekend often featured demonstrators holding pieces of blank white…
Continue Reading A Florida woman is suing Kraft for $5 million, saying Velveeta microwave mac and cheese takes longer to make than advertised
By Melissa Alonso and Zoe Sottile, CNN The label on a cup of Velveeta’s microwaveable mac and cheese says the meal only takes three and a half…
Continue Reading Lawsuit alleges billionaire investor Leon Black raped a woman inside Jeffrey Epstein’s home
By Ramishah Maruf, CNN Business Billionaire investor Leon Black has been sued by a woman alleging he “brutal[ly]” raped her at Jeffrey…
Continue Reading Baby product company recalls 10,500 of its stainless steel sippy cups over lead poisoning risk
By Zoe Sottile, CNN A baby product company has recalled around 10,500 sippy cups and bottles over lead poisoning risks. Green Sprouts, a North…
Continue Reading ‘Grave urgency’: Over 400 business groups plead with Congress to prevent rail strike
By Matt Egan More than 400 business groups are calling on Congressional leaders to be prepared to prevent a freight rail strike that could start…
Continue Reading ‘Grave urgency’: Over 400 business groups plead with Congress to prevent rail strike
By Matt Egan More than 400 business groups are calling on Congressional leaders to be prepared to prevent a freight rail strike that could start…
Continue Reading Dow tumbles 500 points but could actually end the year in the green
By Paul R. La Monica, CNN Business Most of 2022 has been pretty dismal for investors, and Monday was no exception: The Dow fell about 500 points, or…
Continue Reading A record $100 billion was paid out in life insurance benefits last year
By Jeanne Sahadi, CNN Business US life insurers paid out a record $100 billion in benefits in 2021, according to new data released Monday by the…
Continue Reading Bob Iger lays out his priorities for Disney as he returns as CEO
By Frank Pallotta, CNN Business Bob Iger was back at Disney headquarters on Monday to meet with employees for the first time since surprising the…
Continue Reading BBC journalist ‘beaten and kicked by the police’ as protests spread across China
By Jennifer Deaton, CNN Business Edward Lawrence, a journalist at the BBC, was arrested by police in Shanghai at the scene of protests on Sunday…
Continue Reading US oil prices hit lowest level in nearly a year. Gas is down 6% in a month
By Anna Cooban, CNN Business US oil prices have fallen to their lowest level since December 2021 on concerns that protests in China against Covid-19…
Continue Reading BlockFi files for bankruptcy as FTX contagion grips crypto markets
By Allison Morrow, CNN Business Crypto lender BlockFi filed for bankruptcy Monday, becoming the latest casualty of the financial contagion unleashed…
Continue Reading Sunday was the busiest day at US airports since before the pandemic
By Chris Isidore, CNN Business Sunday marked the busiest day at US airports since the start of the pandemic — and though bad weather caused…
Continue Reading Online Black Friday sales set a new record
By Jordan Valinsky, CNN Business Online Black Friday sales in the United States topped a record-breaking $9.12 billion this year, according to Adobe…
Continue Reading Barclays CEO says he has cancer but will continue to run the bank
By Julia Horowitz, CNN Business The CEO of Barclays said Monday that he has been diagnosed with cancer. C.S. Venkatakrishnan, who is known as Venkat…
Continue Reading BBC journalist ‘beaten and kicked by the police’ as protests spread across China
By Jennifer Deaton, CNN Business Edward Lawrence, a journalist at the BBC, was arrested by police in Shanghai at the scene of protests on Sunday…
Continue Reading BBC journalist ‘beaten and kicked by the police’ as protests spread across China
By Jennifer Deaton, CNN Business Edward Lawrence, a journalist at the BBC, was arrested by police in Shanghai at the scene of protests on Sunday…
Continue Reading Global markets fall after protests erupt in China over Covid lockdowns
By Laura He, CNN Business Global markets fell on Monday after widespread protests in China against the country’s stringent Covid-19…
Continue Reading Thousands of US flights delayed Sunday as major storm system hampers travel
By Samantha Beech and Keith Allen, CNN A severe weather system across several parts of the United States has prompted the three major airports…
Continue Reading Self-checkout annoys some customers and helps shoplifters. Stores are adding it anyway
By Nathaniel Meyersohn, CNN Business Self-checkout arrived in the late 1980s at supermarkets. A decade later, it began spreading to big-box chains…
Continue Reading JCPenney was once a shopping giant. Can it make a comeback?
By Nathaniel Meyersohn, CNN Business Marc Rosen didn’t flinch when he was offered the top job at JCPenney last year. A stalwart of…
Continue Reading Frontier Airlines no longer has a customer service phone line
By Ramishah Maruf, CNN Customers who need flight information or want to make changes to travel plans can no longer call Frontier Airlines and speak…
Continue Reading A rail strike won’t screw up your holidays. Here’s how it’ll affect you in other ways
By Chris Isidore, Vanessa Yurkevich and Matt Egan, CNN Business So once again the nation and its economy is facing the risk of a massive freight…
Continue Reading The mall where Black Friday refuses to die
By Alicia Wallace, CNN Business. Photographs by Jamie Kelter Davis for CNN The rise of e-commerce in recent years has taken its toll on in-person…
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