CNN-Business-Consumer Archives

Elizabeth Warren calls for the Fed to release March 2020 ethics warning

October 21, 2021 12:20 PM CNN Newsource

by Matt Egan, CNN Business Senator Elizabeth Warren urged the Federal Reserve on Thursday to release a March 2020 ethics warning provided to Fed…

Home sales rebound while prices continue to climb

October 21, 2021 12:19 PM CNN Newsource

By Anna Bahney, CNN Business After the housing market finally started cooling off a bit over the summer, sales rebounded in September. The tight…

Joe Biden’s Fed conundrum: Stick with Jerome Powell or let him go?

October 21, 2021 10:11 AM CNN Newsource

By Paul R. La Monica, CNN Business President Joe Biden faces a number of economic concerns, from supply chain disruptions to inflation. But the White…

Trump is going public by taking advantage of Wall Street’s blank-check boom

October 21, 2021 9:18 AM CNN Newsource

By Matt Egan, CNN Business Former President Donald Trump is planning a return to Wall Street. Trump, whose companies have a long history of filing…

Buying a home or refinancing? A 30-year mortgage may not be your best option

October 21, 2021 8:39 AM CNN Newsource

By Jeanne Sahadi, CNN Business If you’re thinking of buying a home or refinancing one, a big question will be whether to get a 30-year mortgage…

Tesla’s ‘full self-driving’ rolls back its privacy protection of trip videos

October 21, 2021 8:01 AM CNN Newsource

By Matt McFarland, CNN Business Tesla owners can buy the company’s “full self-driving” software for $10,000, but they may have to…

How the maker of Cheerios and Häagen-Dazs copes with hundreds of supply chain snafus a month

October 21, 2021 6:37 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business The global supply chain is struggling under the weight of a series of disruptions, including a shortage of…

WeWork is finally going public. A lot has changed

October 21, 2021 5:41 AM CNN Newsource

By Julia Horowitz, CNN Business When WeWork’s plans for a blockbuster initial public offering imploded in 2019, the company became a poster…

Southwest’s service meltdown cost it $75 million

October 21, 2021 5:22 AM CNN Newsource

By Chris Isidore, CNN Business Southwest Airlines says that its recent service problems, which prompted it to cancel more than 2,000 flights over a…

Spanx, the shapewear brand, valued at $1.2 billion in Blackstone deal

October 21, 2021 3:13 AM CNN Newsource

By Rob McLean and Jill Disis, CNN Business Spanx, one of America’s most prominent shapewear companies, is now worth $1.2 billion after inking a…

The company behind Dove and Ben & Jerry’s is hiking prices

October 21, 2021 3:09 AM CNN Newsource

By Hanna Ziady, CNN Business Unilever is hiking prices to cope with soaring supply chain costs and expects inflation to accelerate into next year.…

Evergrande says a $2.6 billion deal has collapsed as payment deadline looms

October 20, 2021 10:48 PM CNN Newsource

By Michelle Toh, CNN Business A fire-sale deal that would have eased a punishing cash crunch at Chinese real estate giant Evergrande has collapsed,…

India delivers 1 billion Covid vaccines, but millions are yet to receive a single dose

October 20, 2021 10:38 PM CNN Newsource

By Rhea Mogul and Esha Mitra, CNN India has administered more than 1 billion Covid-19 vaccine doses, a remarkable feat just months after a second…

New Zealand and the United Kingdom reach free trade deal

October 20, 2021 7:46 PM CNN Newsource

Robert Iddiols and Charles Riley, CNN Business The United Kingdom and New Zealand have struck a free trade agreement that will reduce tariffs on…

Tesla shakes off supply chain issues to post record profit, again

October 20, 2021 2:41 PM CNN Newsource

By Chris Isidore, CNN Business Tesla reported record earnings that blew past Wall Street forecasts, as the company was able to shake off the effects…

The Ford Mustang Mach-E GT amps up the power in the company’s electric lineup

October 20, 2021 1:07 PM CNN Newsource

By Peter Valdes-Dapena, CNN Business For a lot of people there is one real Ford Mustang. It’s the Ford Mustang GT coupe with the big 5.0-liter…

Hacking tool linked with Russian crime ring used in Sinclair ransomware attack, analysts say

October 20, 2021 12:57 PM CNN Newsource

By Sean Lyngaas, CNN Business The hacking tool used in a ransomware attack that disrupted programming at Sinclair Broadcast Group is similar to…

New executive order aims to alleviate congestion at California’s ports

October 20, 2021 11:03 AM CNN Newsource

By Vanessa Yurkevich, CNN Business To alleviate cargo congestion at shipping ports in California, Governor Gavin Newsom issued an executive order…

Online shopping bummer: Out-of-stock products surged 172% from pre-pandemic levels

October 20, 2021 10:59 AM CNN Newsource

By Parija Kavilanz, CNN Business If you were shopping online in the late summer, chances are you may have been hit with an unfortunate message: The…

Supply chain stress is intensifying and showing no signs of fading, Moody’s Analytics says

October 20, 2021 10:31 AM CNN Newsource

By Matt Egan, CNN Business From port congestion and price spikes to widespread shortages, stress in US supply chains is intensifying and could slow…

How Verizon became the Dow’s worst stock

October 20, 2021 9:30 AM CNN Newsource

By Paul R. La Monica, CNN Business Verizon reported earnings that topped forecasts Wednesday morning and issued a more upbeat outlook for 2022.…

Bitcoin surges to new record above $66,000

October 20, 2021 8:31 AM CNN Newsource

By Paul R. La Monica, CNN Business The bitcoin bull market is showing no signs of slowing down. Bitcoin, the world’s most valuable…

Everything you’re waiting for is in these containers

October 20, 2021 6:16 AM CNN Newsource

By Chris Isidore, CNN Business Virtually every US home contains items that came through the ports of Los Angeles or Long Beach. The neighboring…

White House explores deploying the National Guard to ease supply chain crisis but is unlikely to use this option

October 20, 2021 5:55 AM CNN Newsource

By Matt Egan, CNN Business Facing a mounting supply chain crisis, the White House is exploring whether to deploy the National Guard to ease…

This is the secret to dealing with inflation

October 20, 2021 5:45 AM CNN Newsource

By Julia Horowitz, CNN Business Procter & Gamble, the consumer goods giant that makes Pampers diapers, Crest toothpaste and Tide detergent, says…

Netflix co-CEO on Dave Chappelle fallout: I screwed up

October 20, 2021 5:35 AM CNN Newsource

By Jordan Valinsky, CNN Business Netflix co-CEO Ted Sarandos has some regrets about how he handled Dave Chappelle’s stand-up special, even…

China tells mines to produce ‘as much coal as possible’

October 20, 2021 2:19 AM CNN Newsource

Philip Wang, CNN Business The Chinese government has ordered the country’s coal mines to “produce as much coal as possible” as it…

Floods and landslides kill at least 150 in India and Nepal

October 20, 2021 2:15 AM CNN Newsource

By Jessie Yeung and Esha Mitra, CNN Record-breaking rains and heavy flooding have killed at least 150 people in India and Nepal over the past few…

China’s real estate crisis could threaten growth into 2022. Beijing’s undeterred

October 20, 2021 12:27 AM CNN Newsource

By Laura He, CNN Business China’s growth is seriously slowing down as the country lurches from one economic threat to another. And while some…

The world plans to produce far more fossil fuel than it should to stay under dangerous climate limits, UN says

October 19, 2021 10:08 PM CNN Newsource

By Rachel Ramirez, CNN Business Ahead of a critical global climate conference in November, a UN report released Wednesday shows that many of the…