CNN-Business-Consumer Archives

Tesla just became the sixth company in US history to be worth $1 trillion.

Tesla is now worth more than $1 trillion

October 25, 2021 2:00 PM CNN Newsource

By Chris Isidore, CNN Business Tesla just became the sixth company in US history to be worth $1 trillion. Shares popped more than 12% Monday to close…

The Dow and S&P 500 hit record highs as Tesla stock electrifies

October 25, 2021 12:30 PM CNN Newsource

By Paul R. La Monica, CNN Business Wall Street is brushing off concerns about Facebook. The Dow and S&P 500 both closed at record highs Monday…

Extreme couponers were sent to prison in $31.8 million fraud scheme

October 25, 2021 11:28 AM CNN Newsource

By Jordan Valinsky, CNN Business The FBI is revealing new details about a $31.8 million counterfeit coupon scheme that landed a Virginia Beach couple…

$24 billion in goods is floating outside California’s biggest ports

October 25, 2021 9:25 AM CNN Newsource

By Matt Egan, CNN Business Extreme port congestion has become a major nuisance that just won’t go away this year. Unfortunately, it could be…

US oil jumped another 1.2% to trade as high as $85.07 a barrel. Oil pumpjacks are shown here operating at dusk Willow Springs Park in Long Beach

Oil surpasses $85 for the first time in seven years

October 25, 2021 9:01 AM CNN Newsource

By Matt Egan, CNN Business The oil rally hit another milestone Monday, with crude topping $85 a barrel for the first time in seven years. US oil…

Hertz is buying 100,000 Teslas

October 25, 2021 8:55 AM CNN Newsource

By Chris Isidore, CNN Business Hertz is betting big on electric vehicles. It’s buying 100,000 Teslas, the largest-ever order by a single buyer.…

Facebook Oversight Board member calls for more transparency

October 25, 2021 6:43 AM CNN Newsource

By Ramishah Maruf, CNN Business As more of Facebook’s internal documents are revealed, Facebook Oversight Board member and PEN America CEO…

Will companies still pay for Biden’s big spending plan?

October 25, 2021 6:19 AM CNN Newsource

By Julia Horowitz, CNN Business As Wall Street watches the debate over President Joe Biden’s flagship infrastructure, climate and social…

Facebook knew it was being used to incite violence in Ethiopia. It did little to stop the spread, documents show

October 25, 2021 5:01 AM CNN Newsource

By Eliza Mackintosh, CNN Facebook employees repeatedly sounded the alarm on the company’s failure to curb the spread of posts inciting violence…

PayPal says it’s not looking to buy Pinterest

October 25, 2021 4:00 AM CNN Newsource

By Diksha Madhok, CNN Business PayPal is not looking to buy Pinterest, the digital payments company said Sunday, following reports that it was…

Evergrande wants to build electric cars, not homes

October 25, 2021 3:32 AM CNN Newsource

By Laura He, CNN Business Evergrande is starting to pay off its overdue debts and restart stalled real estate projects. Now the embattled Chinese…

Shiba inu coin, a meme cryptocurrency, hits all-time high

October 25, 2021 12:33 AM CNN Newsource

By Diksha Madhok, CNN Business The parody cryptocurrency shiba inu coin just climbed to an all-time high and is one of the biggest digital currencies…

China unveils plan to slash fossil fuels but fails to announce new emissions target

October 25, 2021 12:25 AM CNN Newsource

By Helen Regan, CNN Business China plans to cut its reliance on fossil fuels to below 20% by 2060, according to a cabinet document published in state…

Nearly half of American companies say they are short on skilled workers

October 24, 2021 10:01 PM CNN Newsource

By Anneken Tappe, CNN Business America’s worker shortage is alive and well, much to the misfortune of US companies that need staff to keep up…

‘Dune’ caps off solid month for movie theaters with strong opening

October 24, 2021 10:13 AM CNN Newsource

By Frank Pallotta, CNN Business “Dune” — the science fiction epic from Warner Bros. — took in an estimated $40.1 million at the North…

With export restrictions eased, Colombia’s medical cannabis business is poised for liftoff

October 24, 2021 9:29 AM CNN Newsource

By Stefano Pozzebon When Beatriz Porras was studying agronomy at university in Tunja, Colombia, she thought her career would lead to growing coffee,…

‘The Sopranos’ movie was never going to be as good as the TV show

October 24, 2021 8:44 AM CNN Newsource

Opinion by Bill Carter for CNN Business Perspectives I don’t know what people expected from “The Sopranos” prequel movie,…

Everything is still getting more expensive

October 24, 2021 6:49 AM CNN Newsource

By Julia Horowitz, CNN Business You’ve already noticed prices going up at the supermarket and the drugstore. Unfortunately, more sticker shock…

‘SNL’ brings back Jason Sudeikis’ Joe Biden to help out the President

October 23, 2021 10:27 PM CNN Newsource

By Frank Pallotta, CNN Business “Saturday Night Live” offered audiences not one, not two, but three Joe Biden’s on Saturday night.…

Walmart announces corporate staff will return to office in November

October 23, 2021 5:49 PM CNN Newsource

By Ramishah Maruf, CNN Business Walmart announced its corporate employees will return to the office during the week of Nov. 8, the company said…

Here’s how retailers are pushing you to start holiday shopping early

October 23, 2021 6:51 AM CNN Newsource

By Jordan Valinsky, CNN Business Black Friday always starts early, but this year, the holiday shopping bonanza is kicking off earlier than ever —…

Not stopping ‘Stop the Steal:’ Facebook Papers paint damning picture of company’s role in insurrection

October 22, 2021 6:43 PM CNN Newsource

By Donie O’Sullivan, Tara Subramaniam and Clare Duffy, CNN Business Just days after insurrectionists stormed the Capitol on January 6th,…

SkyWest cancels and delays thousands of flights

October 22, 2021 2:07 PM CNN Newsource

By Jordan Valinsky, CNN Business SkyWest, a regional airline that operates flights for several major US carriers, has canceled and delayed thousands…

Biden’s fixes to the student loan forgiveness program are a good start, but they aren’t enough

October 22, 2021 1:11 PM CNN Newsource

Opinion by Sylvester Turner for CNN Business Perspectives Earlier this month, the Department of Education announced major fixes to a well-intentioned…

Walmart recalls aromatherapy spray that contained deadly bacteria

October 22, 2021 12:58 PM CNN Newsource

By Parija Kavilanz, CNN Business Walmart is recalling an aromatherapy room spray that contained a dangerous bacteria, which can cause a fatal health…

Workers are seeking unions at Starbucks, Dollar General and Amazon locations. Here’s why that matters

October 22, 2021 12:31 PM CNN Newsource

By Chris Isidore, CNN Business Shellie Parsons never thought she’d be supporting an effort to win union representation at the Dollar General…

Housing is the economy’s Energizer bunny: It keeps going and going

October 22, 2021 10:33 AM CNN Newsource

By Paul R. La Monica, CNN Business The housing market is showing no significant signs of slowing, despite some concerns that prices may be close to…

Vaccines are helping the economy return to normal. Supply chain problems are holding it back

October 22, 2021 10:06 AM CNN Newsource

By Anneken Tappe, CNN Business Covid continues to loom over the US economy, but economic activity is nonetheless inching closer to its pre-pandemic…

Business group warns of mass layoffs and ‘catastrophic’ supply chain disruptions from Biden’s vaccine mandate

October 22, 2021 8:53 AM CNN Newsource

By Matt Egan, CNN Business President Joe Biden’s vaccine order will force employers to lay off thousands of workers, making the supply-chain…

Trump SPAC skyrockets as much as 1,657% since deal was announced

October 22, 2021 8:52 AM CNN Newsource

By Matt Egan, CNN Business Former President Donald Trump’s planned return to Wall Street is setting off a frenzy. Shares of the shell company…