CNN-Business-Consumer

By Anneken Tappe, CNN Business Stocks made a comeback Monday, bouncing back from the steep selloff at the end of last week, when investors feared the Omicron Covid variant could disrupt the global economic rebound. Reports of the new Omicron variant of the coronavirus brought back memories of last summer when the fast-spreading Delta variant

By Peter Valdes-Dapena, CNN Business Bugatti, the French manufacturer of $3 million supercars, is over a century old. But now it faces what may be the most difficult maneuver it has ever had to carry out: transitioning to an electric future. The man now taking the wheel at Bugatti is Mate Rimac, a 33-year-old Bosnian-born

By Jordan Valinsky, CNN Business Fans have noticed that an episode of the Simpsons that features a scene in Tiananmen Square is missing from Disney+ in Hong Kong. In the 2005 episode “Goo Goo Gai Pan,” the family travels to China to adopt a baby. The Simpsons clan stops in Beijing’s Tiananmen Square where they

By Michelle Toh and Mark Thompson, CNN Business Stocks in Asia fell on Monday while European markets and US futures edged higher as investors continued to digest news about a new Covid-19 variant. Japan’s Nikkei 225 closed down about 1.6%, while Hong Kong’s Hang Seng Index fell nearly 1%. European markets rebounded slightly from heavy

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. Friday’s satirical headline by The Onion said it best: “Nation Nearly Strings Together 3 Good Days In Row.” The blessing of Thanksgiving on Thursday was followed by a curse on

By Ramishah Maruf, CNN Business The Ahmaud Arbery trial may not have happened without Larry Hobbs, a writer and reporter at The Brunswick News in Georgia. “Every national and global news story begins locally, sometimes with a single reporter who’s determined to follow up and get to the truth,” CNN’s chief media correspondent Brian Stelter

Reuters Singapore-based virtual currency exchange Coinstore has begun operations in India at a time when the Indian government is preparing legislation to effectively bar most private cryptocurrencies. Coinstore has launched its web and app platform and plans branches in Bangalore, New Delhi and Mumbai which will act as its base in India for future expansion,

By Ramishah Maruf, CNN Business Amid shortages, Canada is tapping into its strategic reserves. This time, for maple syrup. The Quebec Maple Syrup Producers said it is releasing roughly 50 million pounds from its strategic maple syrup reserves, the trade group confirmed to CNN Business. That’s almost half of the stockpile. The government-supported organization, which

By Julia Horowitz, CNN Business More than 20 months into the pandemic, the US job market has reached a milestone. What’s happening: Weekly claims for unemployment benefits fell to 199,000 last week after seasonal adjustments, their lowest level since 1969. They hit a peak of 6.15 million in April 2020. So, does that mean employment

By Alicia Wallace, CNN Business Your next can of craft beer might be a lot more expensive. Ball Corp., one of the world’s largest suppliers of aluminum cans, is sending shockwaves throughout the craft beer world after lifting the minimum number of cans certain producers must order and saying it will raise prices. Ball said

By Nathaniel Meyersohn, CNN Business Many Americans are shopping small Saturday to support mom-and-pop clothing, toy, furniture, sporting goods, hardware and electronics’ stores. But this year’s Small Business Saturday promotion is unlikely to change the fortunes of independent shops in America, which have diverged dramatically from their larger rivals. Small retailers have been squeezed out

By Nathaniel Meyersohn, CNN Business Black Friday doesn’t carry the significance it once did for many US shoppers — blame the rise of online shopping holiday “Cyber Monday” and then Covid-19’s impact on retail. But customers are still dishing out more money for clothing, electronics and other items this Black Friday as they return to

By Frank Pallotta, CNN Business This Thanksgiving weekend is offering a box office feast with two genres that have been lacking on the menu so far this year: family movies and non-franchise films aimed at adults. Disney’s “Encanto,” an animated film featuring music written by “Hamilton” creator Lin-Manuel Miranda, is expected to have a $35

By Laura He, CNN Business Shares of SoftBank plunged about 5% in Tokyo on Friday after Chinese regulators reportedly asked Didi to delist from the United States because of concerns about data security. The Japanese company’s Vision Fund is a major shareholder in the Chinese ride-hailing service with a stake of over 20%. SoftBank shares

By Laura He and Mark Thompson, CNN Business Stocks fell and oil prices plunged more than 10% on Friday as the emergence of a new Covid-19 variant rattled global markets. Asian markets led the way, with Hong Kong’s Hang Seng Index dropping 2.7%, while Japan’s Nikkei 225 was down 2.5%. European markets also sold off

By Esha Mitra and Rhea Mogul CNN Santosh Singh’s earliest memory is of tilling soil on his family’s farm. Now, the 70-year-old farmer’s eyes gleam with pride as he recalls watching his grandson do the same. But Singh hasn’t been home to Punjab for one year since he joined farmers at one of three protest

By Jack Guy and Junko Ogura, CNN Business Swedish retailer Ikea is becoming a landlord in Japan with a tiny apartment it will rent out in Tokyo. The 10-square-meter (107-square-foot) apartment is located in the Shinjuku district and will cost just 99 yen ($0.86) per month to rent, according to details released by Ikea this

By Walé Azeez, CNN Business Shops in the United Kingdom could run short of wine and liquor ahead of Christmas because there aren’t enough drivers to make deliveries. The warning was made in a letter sent by the UK Wine and Spirit Trade Association (WTSA) to UK Transport Secretary Grant Shapps last week. It was

Opinion by Reuven Avi-Yonah for CNN Business Perspectives Corporate America has perfected the art of dodging the taxes that everyone else pays. From 2018 to 2020, 39 of the largest companies in America paid zero dollars in federal income taxes, despite reporting a combined $122 billion in profits, according to analysis from the Institute on

By Kathryn Vasel, CNN Business Millions of Americans are leaving their jobs these days — and they don’t always have another one lined up. Whether it’s due to burnout, a desire for more flexibility or better pay, or the pursuit of an entirely different career, saying “I quit” can have long-term financial implications. “Before you