CNN-Business-Consumer

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 most dynamic and rapidly growing companies on the planet, such as electric car makers Xpeng and Nio as well as privately held TikTok owner ByteDance. But China’s recent crackdown

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 rights movement of the 1960s who died last year, the foundation said on Monday. As part of the gift, Bezos has asked that the plaza at the Obama Presidential

By Chris Isidore, CNN Business Jerome Powell’s tenure leading the Federal Reserve has been among the most tumultuous in the central bank’s history. And Powell’s second term won’t necessarily be much easier. He and his policies have been the spotlight largely because of a once-in-a-century pandemic that caused the deepest economic downturn since the Great

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 of the Federal Reserve. But the initial jolt in the stock market didn’t last until the close. The market opened in the green and kept rising. But half-way through the session

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, chair of the US Federal Reserve. This week, investors may learn whether he’s tapped for another four-year term or out of a job. What’s happening: President Joe Biden is expected

By Laura He, CNN Business A Chinese central official has warned that stagflation could weigh on an already struggling economy next year. It’s the latest sign that the government may be thinking about taking some aggressive steps to address slowing growth, including its first lending rate cut since early 2020. Liu Shijin, a member of

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. Every month or so, while conversing with sources at Fox News, I express surprise that Jonah Goldberg and Stephen Hayes are still employed by the network. After all, the two

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 books: one for adults, “A New Origin Story” and a children’s book, “Born on the Water.” But even though the 1619 Project books were just released earlier this week, states such

By Frank Pallotta, CNN Business In 1984, “Ghostbusters” became one of the most popular comedies in film history. Now, nearly four decades later, audiences answered the call at the ticket booth for a new sequel in the spooky franchise. “Ghostbusters: Afterlife” — which stars Paul Rudd, Mckenna Grace and Finn Wolfhard — took in an

By Ramishah Maruf, CNN Business Even among the generally youthful demographic of Starbucks workers unionizing in Buffalo, New York, 17-year-old Maya Panos is younger than most. In her short stint as a member of the labor market, the high school senior says she lost economic stability — Panos was laid off from her first job

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 all on. The Fox News personality, who was played by Cecily Strong, opened Saturday night’s episode of the NBC variety show. “Good evening, I’m Judge Jeanine Pirro, and if

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. Her family rushed her to the local Kollam hospital in the southern Indian state of Kerala, but the 25-year-old was already dead. A post-mortem on May 7, 2020, confirmed

By Nathaniel Meyersohn, CNN Business CVS’ announcement Thursday that it will close 900 stores over the next three years — around 10% of its pharmacies — may have caught some shoppers off guard. Isn’t CVS doing really well right now? Haven’t lots of people gone to drug stores during the pandemic to stock up on

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 Thursday at the age of 90, the company confirmed. With more than 40,000 locations worldwide, Subway today is now the world’s largest submarine sandwich chain. Buck, the company’s last surviving founder, left

One of the perks of owning a Tesla is using your smartphone as a key to open and drive your car. It does away with carrying a separate key fob in your pocket. But what if your smartphone app glitches? You could be stuck not being able to use your car, which seems to be

By Matt Egan, CNN Business The Marriott hotel in Prague refused to host a conference this month aimed at drawing attention to alleged human rights abuses in China, the hotel chain confirmed to CNN on Friday. The Prague Marriott cited “reasons of political neutrality” for its decision to decline to host the World Uyghur Congress,

By Kerry Flynn, CNN Business Natalie Morales said farewell on Friday to her viewers and colleagues on “Today” after 22 years at NBC. Morales, who worked as an anchor for “Today” and correspondent for “Dateline NBC,” is leaving the network to join CBS as a host of its afternoon program, “The Talk.” On Friday, “Today”