CNN-Business-Consumer

By Matt McFarland, CNN Business Westport, Connecticut police chief Foti Koskinas would love it if his patrol cars could drive themselves, but his department isn’t buying Teslas equipped with “full self-driving.” Local governments like Westport and businesses big and small sing the benefits of electric vehicles like Teslas. Westport has saved thousands on fuel and

By Julia Horowitz, CNN Business In spring 2020, in the depths of coronavirus lockdowns, investors couldn’t dump Macy’s stock fast enough. Shares fell as low as $4.38 apiece. That was then. On Thursday, Macy’s stock jumped 21% after the company reported better-than-expected earnings. That brought gains so far this year to more than 230%. A

By Paul R. La Monica, CNN Business It’s no secret that consumers love Amazon, Walmart and Target. But they are not the only retailers that bargain-hunting shoppers — or investors — are expected to flock to during the holidays. With Black Friday a week away, the SPDR S&P Retail ETF is up an astonishing 61%

By Laura He and Paul R. La Monica, CNN Business Shares of Alibaba plummeted in Hong Kong on Friday after the tech giant warned of weaker growth this year as China’s economy slows and Beijing continues its regulatory crackdown. Alibaba dropped 10.7%, the steepest decline since its listing in the city in November 2019. The

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. In the words of Committee to Protect Journalists executive director Joel Simon, “To practice journalism in the face of grave danger requires a profound sense of optimism and a sincere

By Manveena Suri, Vedika Sud, Arpit Goel and Rhea Mogul, CNN India’s Prime Minister Narendra Modi said Friday he would repeal three contentious agricultural laws that sparked more than a year of protests, in a rare apparent climb down ahead of pivotal state elections. “Today I have come to tell you, the whole country, that

By Chris Isidore, CNN Business Sean O’Brien will be the next president of the 1.4-million member Teamsters union, succeeding James Hoffa, the son of the union’s most famous leader who has led the union for 23 years. O’Brien, a fourth-generation member of the union, has been a harsh critic of Hoffa and the contract negotiated

By Alicia Wallace, CNN Business The “Great Migration” may not be as pronounced as once thought. The US Census Bureau this week released data showing that migration activity has fallen to its lowest rate in more than 70 years. The findings toss some cold water on anecdotes that Americans were relocating more than ever during

By Danielle Wiener-Bronner, CNN Business Wall Street is hungry for fancy salads. Sweetgreen’s stock nearly doubled in price mid-day Thursday, hours after the upscale salad chain made its Wall Street debut. The company set its price at $28 per share Wednesday, ahead of its initial public offering Thursday. The stock price jumped to about $54

By Paul R. La Monica, CNN Business A group of cryptocurrency investors took the notion “We the people” from the US Constitution to the next level. They pooled money to try to buy a rare copy of the document — and they claimed to have raised $40 million to do so. But despite the huge

By Matt McFarland, CNN Business When a dozen small children crossed in front of our Tesla with “full self-driving,” I had good reason to be nervous. I’d spent my morning so far in the backseat of the Model 3 using “full self-driving,” the system that Tesla says will change the world by enabling safe and

By Matt Egan, CNN Business Democratic Senator Elizabeth Warren wants federal regulators to investigate whether any laws were broken by the shell company that is facilitating former President Donald Trump’s return to Wall Street. In a letter to the Securities and Exchange Commission, Warren cited a report by The New York Times that found Trump

By Nathaniel Meyersohn, CNN Business By now, everyone knows about supply chain chaos and rising inflation that are disrupting the holiday shopping season. The Grinch is loose this Christmas. But there’s good news for shoppers looking to avoid empty shelves and high prices: Products can be found— and for cheap. You just have to know

Opinion by Catherine Franssen for CNN Business Perspectives As supply chain disruptions continue to impact businesses around the globe, consumers could have a tough time holiday shopping this year — whether due to a lack of inventory, higher prices or both. And given the nearly two years of constant stress and exhaustion around Covid-19, shoppers

By Vanessa Yurkevich, CNN Business Thanksgiving dinner will cost 14% more this year, according to new survey by the American Farm Bureau Federation. Dinner for a family of 10 will cost on average $53.31 — up $6.41 from last year’s average of $46.90 which was down 4% from 2019, the lowest in 10 years. Several

By Danielle Wiener-Bronner, CNN Business Starbucks is leaning into tech with its new concept store. Essentially, it’s a mashup of a regular Starbucks pickup store and an Amazon Go store, where customers grab items without having to wait in line to pay. No freebies though — you’ll be charged when you exit. And you’ll still

By Julia Horowitz, CNN Business When Germany announced this week that it had suspended the process of certifying a controversial new Russian gas pipeline called Nord Stream 2, the response in energy markets was immediate. European natural gas futures finished almost 18% higher on Tuesday and rose again on Wednesday. UK wholesale prices also surged.

By Diksha Madhok, CNN Business It’s turning into a monumental year for India’s stock market, as yet another big startup makes its public debut. But Paytm, which started trading in Mumbai on Thursday, spoiled the party: Its shares opened below the 2,150 rupees ($28.60) issue price, before closing down 27% at 1,564 rupees ($21). The