CNN-Business-Consumer

By Anneken Tappe and Nathaniel Meyersohn, CNN Business Americans keep spending even as prices are spiking. That’s good news for retailers heading into the holiday season, as well as for the economy as a whole, which runs on consumer spending. Adjusted for seasonal swings, US retail sales rose 1.7% in October compared to the previous

By Kathryn Vasel, CNN Business Networking. Just the thought of it may make you feel uncomfortable. Who do you reach out to? What do you say? How do you stay in contact? But even if it feels awkward, networking can play a major role in advancing your career. “People are nervous about networking,” said Marcia

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. While watching the news coverage of Steve Bannon’s initial appearance in federal court on Monday, I kept thinking about his 2018 confession to the acclaimed writer Michael Lewis. His quote

By Allison Morrow, CNN Business Rivian, a 12-year-old startup with no revenue, is now the third most valuable carmaker in the world. The electric vehicle maker has been public for all of one week, but its share price has more than doubled in that time, valuing Rivian at more than $140 billion — just ahead

By Danielle Wiener-Bronner, CNN Business Papa Johns is the latest restaurant brand to give itself a makeover. The pizza chain on Tuesday unveiled a number of changes, including a new logo, new advertising and new restaurant designs. The updated logo ditches the word “pizza” and removes the green border around “Papa John’s.” Instead, it just

By Jordan Valinsky, CNN Business Nike has postponed the release of its latest sneaker collaboration with Travis Scott following the Astroworld concert tragedy that left 10 people dead. “Out of respect for everyone impacted by the tragic events at the Astroworld Festival, we are postponing the launch of the Air Max 1 x Cactus Jack,”

By Paul R. La Monica, CNN Business Is the red hot housing market finally set to cool off? If so, someone forgot to tell Home Depot shoppers. Home Depot reported earnings for the third quarter Tuesday that easily topped forecasts. Overall sales rose nearly 10% from a year ago to $36.8 billion, also surpassing Wall

By Julia Horowitz, CNN Business The stock market is booming, and despite uncertainty about the economy, Wall Street is confident it can keep pressing ahead. But as inflation surges, there’s also an undercurrent of anxiety about what the future holds. Want evidence? Just look at the recent rise in gold and the US dollar. What’s

By Nathaniel Meyersohn, CNN Business The supply chain crisis isn’t slowing down Walmart. America’s largest retailer and a bellwether of consumer spending reported strong sales growth during its most recent quarter. The company also raised its annual sales and profit growth, a signal that it’s expecting a strong holiday shopping stretch. Walmart on Tuesday said

By Reuters JPMorgan Chase on Monday sued Tesla for $162.2 million, accusing Elon Musk’s electric car company of “flagrantly” breaching a contract related to stock warrants after its share price soared. According to the complaint filed in Manhattan federal court, Tesla in 2014 sold warrants to JPMorgan that would pay off if their “strike price”

By Jordan Valinsky, CNN Business McDonald’s Egg McMuffin is turning 50 years old, and it’s giving the breakfast sandwich a price to match. On Thursday, McDonald’s will sell the Egg McMuffin for its original price of 63 cents during breakfast hours (6 am to 10:30 am). The promotion will be offered exclusively on the McDonald’s

By Michelle Toh and Lauren Lau, CNN Business Jamie Dimon is the latest big name in business to skip one of the world’s longest quarantines. Hong Kong leader Carrie Lam said Tuesday that the JPMorgan CEO had been granted a government exemption from self-isolation measures, which typically require travelers to stay in hotels at their

By Frank Pallotta, CNN Business Adele had a big night. The singer’s new special, “Adele: One Night Only” notched roughly 10 million viewers for CBS on Sunday. The network said it was the most-watched entertainment special since the Oscars seven months ago. In fact, Adele slightly beat the Oscars, which nabbed a record-low 9.8 million

By Sarah Jorgensen, CNN Business Sandy Hook families suing InfoWars founder Alex Jones have won a case against him after a judge ruled against Jones who has failed to comply with the discovery process. Jones and entities owned by him were found liable by default Monday in a defamation case against them. Connecticut Superior Court

By Paul R. La Monica, CNN Business Many companies and investors need to learn a crucial lesson: Becoming a market leader is easy, but staying one for a prolonged period of time? Not so much. Success brings about imitators. And competition can quickly eat into sales, market share and profits. Just look at the lousy

By Matt Egan, CNN Business The economic recovery from Covid-19 will reaccelerate in the coming quarters, driving the unemployment rate back to a 50-year low by the end of next year, Goldman Sachs told clients on Sunday. After slowing this summer, the US economy will get a boost from the reopening of the service sector,

By Brian Stelter, CNN Business “Information disorder is a crisis that exacerbates all other crises. When bad information becomes as prevalent, persuasive, and persistent as good information, it creates a chain reaction of harm.” That’s how the Aspen Institute’s Commission on Information Disorder begins its sweeping new report on the subject. Sixteen commissioners spent the

By Jordan Valinsky, CNN Business Casper Sleep, the trendy mattress-in-a-box company, is being taken private barely two years after its splashy public debut. The company announced Monday that private equity firm Durational Capital Management is buying Casper at $6.90 per share — a 94% premium on Friday’s closing price of $3.55 per share. The stock

By Ramishah Maruf, CNN Business Peanut butter fans rejoice. Reese’s is releasing its largest peanut butter cup ever: a nine-inch Reese’s Thanksgiving Pie. The super-sized peanut butter cup is the size of an actual pie, with a 9-inch diameter and weighing in at 3.4 pounds. “When you bring together friends and family for Thanksgiving dinner,

By Danielle Wiener-Bronner, CNN Business Applebee’s is bringing Cheeto-flavored wings to its restaurants. The wings were previously available exclusively online: Earlier this year, the casual dining brand launched an online-only brand called Cosmic Wings. The Cosmic Wings menu features wings tossed in original or Flamin’ Hot Cheetos sauces and coated in Cheetos crumbles, fried Cheetos