CNN-Business-Consumer Archives

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…

Tiffany is selling its most expensive piece of jewelry ever

November 22, 2021 1:16 PM CNN Newsource

By Parija Kavilanz, CNN Business Tiffany & Co. just unveiled its newest most-expensive bling ever. “The World’s Fair…

U.N. warns of ‘colossal’ collapse of Afghan banking system

November 22, 2021 12:50 PM CNN Newsource

Reuters The United Nations on Monday pushed for urgent action to prop up Afghanistan’s banks, warning that a spike in people who are unable to…

How to avoid the world’s second biggest economy in your portfolio

November 22, 2021 12:41 PM CNN Newsource

By Paul R. La Monica, CNN Business The Chinese economy presents some unique challenges for investors. On one hand, China is home to several of the…

Rivian shares plunge after saying it won’t work with Ford on EVs

November 22, 2021 11:52 AM CNN Newsource

By Chris Isidore, CNN Business Shares of upstart electric truck maker Rivian plunged as much as 17% on Monday after the company said that it is no…

Hedge fund known for cutting journalism jobs is seeking to buy more newspapers

November 22, 2021 11:39 AM CNN Newsource

By Kerry Flynn, CNN Business Alden Global Capital, a hedge fund known for gutting local newsrooms, is seeking to buy Lee Enterprises, a publicly…

Jeff Bezos donates $100 million to Obama foundation in honor of John Lewis

November 22, 2021 10:30 AM CNN Newsource

By Reuters Amazon founder Jeff Bezos is donating $100 million to the Obama Foundation in honor of Congressman John Lewis, a hero of the U.S. civil…

Target says it will never open on Thanksgiving again

November 22, 2021 10:29 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Say goodbye to Target runs on Thanksgiving. Target said Monday that it will close all of its stores on…

Jerome Powell’s first term was among the most controversial of any Fed chairman

November 22, 2021 9:38 AM CNN Newsource

By Chris Isidore, CNN Business Jerome Powell’s tenure leading the Federal Reserve has been among the most tumultuous in the central…

US home sales on track for the best year since 2006

November 22, 2021 8:26 AM CNN Newsource

By Anna Bahney Despite low inventory and rising prices, home sales inched higher in October, marking a second straight month of growth, according to…

Biden to nominate Jerome Powell as Federal Reserve chairman

November 22, 2021 7:38 AM CNN Newsource

By Kaitlan Collins, Kate Sullivan, Betsy Klein and Matt Egan, CNN President Joe Biden on Monday formally announced his intent to nominate Jerome…

Stock rally fizzles out despite relief over Powell’s second term at the Fed

November 22, 2021 7:33 AM CNN Newsource

By Anneken Tappe, CNN Business Wall Street approved of President Joe Biden’s intention to nominate Jerome Powell for a second term at the helm…

Could Fed Chair Jerome Powell be replaced?

November 22, 2021 6:10 AM CNN Newsource

By Julia Horowitz, CNN Business When it comes to influence over the global economy, few people in the world are more powerful than Jerome Powell,…

China may have to juice its economy soon as ‘stagflation’ risk rises

November 22, 2021 1:59 AM CNN Newsource

By Laura He, CNN Business A Chinese central official has warned that stagflation could weigh on an already struggling economy next year. It’s…

Jonah Goldberg and Stephen Hayes resign from Fox News, protesting ‘irresponsible’ voices like Tucker Carlson

November 21, 2021 8:09 PM CNN Newsource

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

Justin Bieber called on to cancel Saudi Arabia concert by slain journalist’s fiancée

November 21, 2021 2:17 PM CNN Newsource

By Ramishah Maruf, CNN Business The fiancée of murdered journalist Jamal Khashoggi wrote an open letter published by the Washington Post calling for…

Nikole Hannah-Jones: Anti-CRT coverage is a ‘propaganda campaign’

November 21, 2021 12:41 PM CNN Newsource

By Ramishah Maruf, CNN Business What began as a Pulitzer Prize-winning New York Times Magazine cover story, the 1619 Project has now produced two…

‘Ghostbusters: Afterlife’ scares up a solid opening at the box office

November 21, 2021 9:55 AM CNN Newsource

By Frank Pallotta, CNN Business In 1984, “Ghostbusters” became one of the most popular comedies in film history. Now, nearly four decades…

Here’s why Gen Z is unionizing

November 21, 2021 7:31 AM CNN Newsource

By Ramishah Maruf, CNN Business Even among the generally youthful demographic of Starbucks workers unionizing in Buffalo, New York, 17-year-old Maya…

Drive-thrus are all screwed up. Here’s what it’ll take to fix them

November 21, 2021 7:06 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business Late this summer, drive-thru times slowed by about 26 seconds compared to last year, according to a study.…

How hoarding saved Black Friday

November 21, 2021 6:56 AM CNN Newsource

By Julia Horowitz, CNN Business For months, there have been warnings to shoppers: Get through your holiday to-do list early. Wait until Black Friday…

‘SNL’ has Judge Jeanine go over the Kyle Rittenhouse verdict and a chat with Donald Trump

November 20, 2021 10:29 PM CNN Newsource

By Frank Pallotta, CNN Business There was a lot of news to cover from this week, and “Saturday Night Live” had its Judge Jeanine take it…

She died from a snakebite. But the real killer was her husband

November 20, 2021 4:57 PM CNN Newsource

By Rhea Mogul and Esha Mitra, CNN Uthra’s mother found her daughter lying motionless in bed at the family home, her left arm dotted with blood.…

Fox’s Tucker Carlson gets exclusive access to Kyle Rittenhouse and his defense team during trial

November 20, 2021 12:20 PM CNN Newsource

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

CVS had every advantage, but it lost the pandemic. Here’s what happened

November 20, 2021 12:10 PM CNN Newsource

By Nathaniel Meyersohn, CNN Business CVS’ announcement Thursday that it will close 900 stores over the next three years — around 10% of its…

Subway co-founder Peter Buck, who turned $1,000 into a billion, dies

November 20, 2021 11:53 AM CNN Newsource

By Ramishah Maruf, CNN Business Subway co-founder Peter Buck, who turned his initial investment of $1,000 into more than a billion dollars, died…