CNN-Business-Consumer Archives

The glitzy electric Mercedes EQS could be the most important Mercedes in decades

October 15, 2021 8:02 AM CNN Newsource

By Peter Valdes-Dapena, CNN Business The all-electric Mercedes EQS may well be one of the most important cars in company’s history. And…

Shoppers are still spending despite rising prices and supply chain woes

October 15, 2021 7:17 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Prices on consumer goods are rising in the United States and tangled supply chains are making it harder for…

What big bank earnings tell us about America’s economy

October 15, 2021 6:16 AM CNN Newsource

By Julia Horowitz, CNN Business The biggest US banks move trillions of dollars around the world every day. That gives them a unique lens on how the…

William Shatner says Prince William is ‘missing the point’ of space tourism

October 15, 2021 3:51 AM CNN Newsource

By Charles Riley, CNN Business William Shatner is firing a rhetorical rocket back at Prince William after the future king criticized space tourism.…

‘Ghost towns’: Evergrande crisis shines a light on China’s millions of empty homes

October 14, 2021 8:20 PM CNN Newsource

By Michelle Toh, CNN Business Evergrande‘s unraveling is still commanding global attention, but its troubles are part of a much bigger problem.…

Former Boeing executive indicted for fraud in 737 Max tragedy

October 14, 2021 6:41 PM CNN Newsource

By Chris Isidore, CNN Business A federal grand jury has indicted a former key executive of Boeing for fraud, alleging he deceived the Federal…

Missouri governor threatens legal action against journalist who found flaw that exposed Social Security numbers

October 14, 2021 5:11 PM CNN Newsource

By Sean Lyngaas, CNN Missouri Gov. Mike Parson on Thursday called for an investigation of a journalist for finding, helping fix and reporting about a…

Elizabeth Warren backs Deere strike, saying workers have gotten the short end of the stick ‘for decades’

October 14, 2021 3:26 PM CNN Newsource

By Matt Egan, CNN Business Democratic Senator Elizabeth Warren voiced her support Thursday for striking John Deere workers, saying that the recent…

San Francisco Fed president: It’s too early to start talking about rate increases

October 14, 2021 2:34 PM CNN Newsource

By Julia Chatterley In its efforts to battle rising inflation, the Federal Reserve may start rolling back some of its massive pandemic-related…

Butterball is recalling more than 14,000 pounds of turkey

October 14, 2021 1:58 PM CNN Newsource

By Alexis Benveniste, CNN Business Butterball issued a recall on more than 14,100 pounds of ground turkey products Wednesday after consumers told…

Mortgage rates are going up again

October 14, 2021 11:21 AM CNN Newsource

By Anna Bahney, CNN Business The days of ultra-cheap mortgages could be numbered, as rates rose back above the 3% mark last week. The average…

McDonald’s is testing out its McPlant burger in these cities

October 14, 2021 9:16 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business A year after announcing plans to introduce the McPlant burger, McDonald’s is ready to test it out in…

Stocks soar as America’s biggest banks are booming

October 14, 2021 8:37 AM CNN Newsource

By Paul R. La Monica, CNN Business Several of America’s largest financial firms reported strong earnings and revenue Thursday thanks to solid…

Business leaders expect supply chain turmoil to last well into 2022

October 14, 2021 8:19 AM CNN Newsource

By Jordan Valinsky, CNN Business The ongoing supply chain crisis isn’t going to end anytime soon, according to a new survey of chief financial…

Wells Fargo profit soars nearly 60%

October 14, 2021 7:19 AM CNN Newsource

By Chris Isidore, CNN Business Wells Fargo’s third-quarter earnings were up 59% after it freed up money it had set aside to cover loan losses.…

Prince William slams space tourism and says billionaires should focus on saving Earth

October 14, 2021 7:13 AM CNN Newsource

By Hannah Ryan, CNN Business Prince William has criticized billionaires who are focused on space tourism, saying they should instead be investing…

Nicholas Kristof leaves The New York Times as he explores run for governor of Oregon

October 14, 2021 7:11 AM CNN Newsource

By Oliver Darcy, CNN Business Nicholas Kristof, the Pulitzer Prize winning journalist, announced Thursday that he is departing The New York Times as…

Facebook isn’t the only problem

October 14, 2021 7:06 AM CNN Newsource

Opinion by Rob Reich, Mehran Sahami and Jeremy M. Weinstein for CNN Business Perspectives Frances Haugen’s spellbinding testimony before…

This world-famous restaurant ditched meat, but it’s still charging $335 a person. Will people pay?

October 14, 2021 6:39 AM CNN Newsource

By Leah Asmelash, CNN There was a moment last year, as Covid-19 brought the entire planet to a standstill, when the chef and owner of one of the…

The ‘swear word’ at the heart of the great inflation debate

October 14, 2021 5:54 AM CNN Newsource

By Charles Riley, CNN Business Inflation is high. It could stay that way. The US consumer price index rose 5.4% over the previous year in September,…

It’s both a helicopter and a plane. Joby says this is the future of flying

October 14, 2021 5:06 AM CNN Newsource

Story and video by John General The van rumbled through the desert in central California. Scorched Earth from controlled burns lined one side of dirt…

China’s record factory inflation poses another threat to supply chains

October 14, 2021 4:39 AM CNN Newsource

By Laura He, CNN Business The cost of goods leaving China’s factories is surging by the highest rate on record, stoking fears about stagflation…

Disney wants some of Netflix’s Asian success

October 14, 2021 3:27 AM CNN Newsource

By Michelle Toh, CNN Business Disney is coming after Netflix in Asia. The owner of Disney+ announced a major expansion into Asian content on…

John Deere workers go on strike after rejecting wage deal

October 13, 2021 11:06 PM CNN Newsource

By Chris Isidore, CNN Business About 10,000 members of the United Auto Workers union went on strike against farm and construction equipment maker…

Home heating costs will rise sharply this winter, federal government forecasts

October 13, 2021 2:07 PM CNN Newsource

By Matt Egan Americans should expect to shell out more money to heat their homes this year — especially if it’s a very cold winter. Compared…

Social Security benefits get a huge bump. But retirees need to do more to protect savings

October 13, 2021 1:37 PM CNN Newsource

By Jeanne Sahadi, CNN Business The announcement that Social Security retiree benefits will rise by 5.9% next year — the largest cost of living…

Wendy’s will guarantee your fries are hot and crispy — or it will replace them

October 13, 2021 10:17 AM CNN Newsource

By Jordan Valinsky, CNN Business Wendy’s highly anticipated new french fries are officially on sale — and they’re coming with a…

ESPN reporter sought approval from former Washington Football Team exec Bruce Allen on unpublished story

October 13, 2021 9:51 AM CNN Newsource

By Kerry Flynn, CNN Business Adam Schefter, one of ESPN’s most prominent NFL reporters, appears to have violated typical journalistic standards…

Delta knocks down false report that vaccinated pilot died in-flight

October 13, 2021 9:51 AM CNN Newsource

By Chris Isidore, CNN Business Delta Air Lines took the unusual step of publicly disputing a viral rumor spread by an anti-vax podcast, which claimed…

Vladimir Putin says Russia is not using energy as a weapon

October 13, 2021 9:49 AM CNN Newsource

By Hanna Ziady, CNN Business President Vladimir Putin has rejected accusations that Russia is deliberately driving natural gas prices higher in…