CNN-Business-Consumer Archives

Turkey is going its own way on inflation. The lira is crashing

November 24, 2021 10:46 AM CNN Newsource

By Julia Horowitz, Isil Sariyuce and Jomana Karadsheh, CNN Business Turkey is plunging into a fresh currency crisis as investors dump the lira in…

Gap lost $300 million in sales because of supply chain mess

November 24, 2021 9:05 AM CNN Newsource

By Parija Kavilanz, CNN Business Gap said it lost $300 million in sales heading into the holiday season because of Covid-related factory closures,…

Inflation isn’t going away. Here’s how to make money from it

November 24, 2021 9:01 AM CNN Newsource

By Paul R. La Monica, CNN Business Nobody in their right mind likes to pay higher prices for stuff. But if you’re an investor, there is a way…

Thanksgiving gas prices are the highest since 2012

November 24, 2021 8:17 AM CNN Newsource

By Matt Egan Drivers hitting the road this Thanksgiving will be greeted by the highest prices at the pump in nearly a decade. The average prices…

Jobless claims hit lowest level since 1969

November 24, 2021 7:43 AM CNN Newsource

By Anneken Tappe, CNN Business Weekly claims for unemployment benefits finally fell below their pre-pandemic levels, according to data from the Labor…

Going to the store may be your smartest bet to navigate the supply chain crisis this holiday

November 24, 2021 7:08 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Video by Sofia Barrett, CNN Business The supply chain crisis means last-minute gift buyers may have little…

A key measure of inflation rose to a 31-year high in October

November 24, 2021 6:34 AM CNN Newsource

By Anneken Tappe, CNN Business US price surges eased in the third quarter of the year. But they climbed to a more than 30-year high in October —…

The global economy buckles up for another uncertain winter

November 24, 2021 6:00 AM CNN Newsource

By Julia Horowitz, CNN Business Economists around the world are closely watching a resurgence of coronavirus cases across Europe for signs of what…

John Deere posts record profit despite strike

November 24, 2021 5:29 AM CNN Newsource

By Chris Isidore, CNN Business John Deere posted record annual income Wednesday despite the recently concluded five-week worker strike, and it…

India sows confusion with plan to ban ‘private cryptocurrencies’

November 24, 2021 3:47 AM CNN Newsource

By Diksha Madhok, CNN Business India is flirting with a ban on cryptocurrencies. Prime Minister Narendra Modi’s government on Tuesday said that…

Covid surge threatens Europe’s economic recovery

November 24, 2021 2:10 AM CNN Newsource

By Julia Horowitz, CNN Business A resurgence of coronavirus cases across Europe is feeding fears that the region’s strong economic recovery…

Jamie Dimon says he regrets joking about the Chinese Communist Party

November 24, 2021 12:09 AM CNN Newsource

By Michelle Toh, CNN Business Jamie Dimon is trying to take back a joke about China and its powerful political machine. Speaking at an event in…

A silent killer is choking India’s capital. For millions, there’s no choice but to breathe it in

November 23, 2021 6:21 PM CNN Newsource

By Esha Mitra and Rhea Mogul, CNN Gulpreet Singh begs for food from a dirty hemp mat spread on the sidewalk outside Delhi’s South Campus metro…

Why Biden’s bid to lower gas prices is more of a Band-Aid than a game changer

November 23, 2021 4:33 PM CNN Newsource

By Matt Egan, CNN Business For months, OPEC and its allies refused pleas from Washington and other world capitals to pump more oil. Now, a US-led…

Ohio jury finds pharmaceutical chains responsible in precedent-setting opioid suit

November 23, 2021 4:12 PM CNN Newsource

By Evan Simko-Bednarski, CNN A jury in Ohio ruled Tuesday that three major pharmaceutical chains bore responsibility for the opioid epidemic in two…

Holiday travel is always a nightmare, but this year will be worse

November 23, 2021 1:52 PM CNN Newsource

By Chris Isidore, CNN Business The holiday travel season is off to a relatively smooth start, with good weather and few canceled flights. But many in…

Stores are closing on Thanksgiving, but thousands of retail staff are still working

November 23, 2021 1:02 PM CNN Newsource

By Nathaniel Meyersohn, CNN Business Store workers at major US chains are getting to spend Thanksgiving at home as more retailers decide to close…

Best Buy CEO: Jump in theft is traumatizing staff

November 23, 2021 12:43 PM CNN Newsource

By Parija Kavilanz, CNN Business Best Buy CEO Corie Barry said theft is a growing problem at the company’s stores — and it is implementing…

Not just the supply chain: Going green is hiking prices, too

November 23, 2021 12:05 PM CNN Newsource

By Paul R. La Monica, CNN Business President Biden and Federal Reserve chair Jerome Powell are committed to fighting inflation. But the two may face…

China is joining the US and other countries in tapping emergency oil reserves

November 23, 2021 10:34 AM CNN Newsource

By Walé Azeez, CNN Business China confirmed on Wednesday that it would join the United States and other major energy-consuming nations in releasing…

Dollar Tree hikes prices 25%. Most items will cost $1.25

November 23, 2021 8:38 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Dollar Tree will soon be $1.25 tree. The company — one of America’s last remaining true dollar stores…

The surprising reason why Ocean Spray cranberry sauce labels are upside-down

November 23, 2021 8:31 AM CNN Newsource

By Jordan Valinsky, CNN Business Perhaps one of the greatest mysteries of Thanksgiving is the cranberry sauce — and we’re not talking about…

Jeff Bezos’ rocket company, Blue Origin, to send Michael Strahan to edge of space

November 23, 2021 7:33 AM CNN Newsource

By Jackie Wattles, CNN Business Jeff Bezos’ rocket company, Blue Origin, announced that it would be launching Good Morning America host Michael…

Breakfast is going to be more expensive next year

November 23, 2021 7:29 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Expect to pay more for some of your favorite cereals, snacks, soups and cooking brands next year. General Mills…

This UK bank has moved to a four-day work week without cutting pay

November 23, 2021 6:43 AM CNN Newsource

By Anna Cooban, CNN Business A British bank has adopted a four-day work week for all its employees without cutting pay, saying it’s the largest…

Why Jay Powell’s second Fed term could be even tougher than his first

November 23, 2021 6:30 AM CNN Newsource

By Julia Horowitz, CNN Business The news moves fast. Yesterday, we looked at whether President Joe Biden would reappoint Federal Reserve Chair Jerome…

Paytm is still struggling to convince investors after disastrous IPO

November 23, 2021 2:09 AM CNN Newsource

By Jill Disis, CNN Business Paytm is starting to stage a recovery from its disastrous stock market debut last week, but the digital payments firm…

Tucker Carlson exalts Kyle Rittenhouse during first post-verdict interview: He’s a ‘sweet kid’

November 22, 2021 10:10 PM CNN Newsource

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

At least 35 dead after heavy rain batters south India

November 22, 2021 9:01 PM CNN Newsource

By Manveena Suri, CNN At least 35 people have been killed and dozens more remain missing after heavy rains battered parts of southern India,…

Exclusive: House Democrats call for Biden to ban oil exports and tap emergency reserves

November 22, 2021 3:36 PM CNN Newsource

By Matt Egan, CNN Business Nearly a dozen Congressional Democrats are urging President Joe Biden to combat high gas prices by not only releasing…