CNN-Business-Consumer Archives

Glossier lays off a third of its corporate staff

January 28, 2022 1:40 PM CNN Newsource

By Ramishah Maruf, CNN Business Buzzy beauty startup Glossier has laid off a third of its corporate staff, founder and CEO Emily Weiss said in an…

‘Significant’ risk of the US economy shrinking this quarter, BofA warns

January 28, 2022 12:41 PM CNN Newsource

By Matt Egan, CNN Business Bank of America slashed its first-quarter economic outlook for the United States on Friday because of disruptions caused…

Remember the E-Trade baby? He’s coming back in a Super Bowl ad

January 28, 2022 11:21 AM CNN Newsource

By Paul R. La Monica, CNN Business The Super Bowl already has a winner: E-Trade. The online broker, now owned by Morgan Staney, is bringing back its…

Natural gas futures surge as powerful winter storm looms

January 28, 2022 11:01 AM CNN Newsource

By Matt Egan, CNN Business Natural gas futures are climbing sharply ahead of a blizzard that will force millions of Americans to crank up the heat.…

Elon Musk just took the entire EV sector down with these comments

January 28, 2022 10:03 AM CNN Newsource

By Chris Isidore, CNN Business Six months ago, Elon Musk said he would stop attending investor conference calls unless there was “something…

The US is starting to make a manufacturing comeback. Here’s how to sustain it

January 28, 2022 8:57 AM CNN Newsource

Opinion by Brian Deese for CNN Business Perspectives The Covid-19 pandemic has laid bare the vulnerabilities in America’s domestic…

Almost 5,000 US flights canceled this weekend as winter storm pummels East Coast

January 28, 2022 8:35 AM CNN Newsource

By Jordan Valinsky, CNN Business Airlines have canceled thousands of flights this weekend as a powerful winter storm packing strong winds and many…

Consumer sentiment sinks on inflation and Omicron worries

January 28, 2022 8:29 AM CNN Newsource

By Anneken Tappe, CNN Business Worries over soaring prices and the Omicron variant of the coronavirus soured Americans’ views of the economy in…

Good news: Paychecks are going up. Bad news: So is inflation

January 28, 2022 7:10 AM CNN Newsource

By Anneken Tappe and Tami Luhby, CNN Business Americans’ paychecks continued to rise at the end of 2021. But along with that, so did prices.…

Workers don’t know their schedules until the last minute. That’s a big problem

January 28, 2022 7:02 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Retail and restaurant work is notorious for irregular scheduling and last-minute changes — factors that can…

A key inflation measure rose at the fastest pace since 1982

January 28, 2022 6:32 AM CNN Newsource

By Anneken Tappe, CNN Business A key measure of inflation rose 5.8% between December 2020 and December 2021, the Bureau of Economic Analysis reported…

Gone too far? Tech earnings raise questions about market panic

January 28, 2022 6:20 AM CNN Newsource

By Julia Horowitz, CNN Business Investors in stocks have balked at the Federal Reserve’s aggressive pivot as it takes a stand against…

Child care workers are vanishing and it’s hurting the entire economy

January 28, 2022 6:18 AM CNN Newsource

By Alicia Wallace, CNN Business Since losing one-third of its workforce at the outset of the pandemic, the child care industry has seen a jobs…

A jump in factory fires is dangerous for the people who work there – and the supply chain

January 28, 2022 6:07 AM CNN Newsource

By Parija Kavilanz, CNN Business The unraveling of the global supply chain has been blamed on a multitude of factors — the pandemic, labor and raw…

Exclusive: Taco Bell favorite Mountain Dew Baja Blast is going boozy

January 28, 2022 6:01 AM CNN Newsource

By Jordan Valinsky, CNN Business Mountain Dew’s Baja Blast, the beloved tropical lime-flavored beverage that originated at Taco Bell, is being…

UniCredit was thinking of buying a Russian bank. Not any more

January 28, 2022 5:58 AM CNN Newsource

By Anna Cooban, CNN Business UniCredit has dropped a potential bid for a Russian state-owned bank because of the escalating crisis over Ukraine. CEO…

Tensions with Russia worry former US astronauts about the partnership in space

January 28, 2022 4:30 AM CNN Newsource

By Kristin Fisher, CNN The International Space Station has transcended terrestrial political troubles between the United States and Russia for more…

Olympic sponsors paid big money for the Beijing Games. So where are all the ads?

January 27, 2022 10:00 PM CNN Newsource

By Michelle Toh and Selina Wang, CNN Business Sponsors of the Olympics are walking a tightrope ahead of the Beijing Winter Games next month as…

Local TV journalists voice concerns about one-man-band reporting

January 27, 2022 8:38 PM CNN Newsource

By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…

After more than 600 days shut out, Delhi’s students just want to go back to school

January 27, 2022 6:27 PM CNN Newsource

By Rhea Mogul and Vedika Sud, CNN Dharini Mathur’s son had just turned 4 when he started pre-school online. More than 600 days later, he still…

Rate hikes are coming: What does that mean for you?

January 27, 2022 12:38 PM CNN Newsource

By Matt Egan, CNN Business The Covid era of free money is coming to an end. After dropping interest rates to zero in March 2020 to revive the…

Gold is shining again as stocks wobble and cryptos melt down

January 27, 2022 12:31 PM CNN Newsource

By Paul R. La Monica, CNN Business Stocks have slumped this year. So has bitcoin. But gold, by comparison, has had a fairly solid start to the year.…

Inflation? Omicron? Americans shopped right through it all

January 27, 2022 10:28 AM CNN Newsource

By Allison Morrow, CNN Business Editor’s Note: This story is part of CNN Business’ Nightcap newsletter. To get it in your inbox, sign up…

What the stock market will never get about rate hikes

January 27, 2022 10:23 AM CNN Newsource

By Paul R. La Monica, CNN Business The Federal Reserve may have a playbook for how it plans to tackle inflation and keep the economy humming along.…

Stock rally peters out again

January 27, 2022 9:36 AM CNN Newsource

By Anneken Tappe, CNN Business Thursday’s stock market rally didn’t last long. The major indexes gave back sharp gains from earlier in…

These companies decided to go fully remote — permanently

January 27, 2022 9:35 AM CNN Newsource

Kathryn Vasel, CNN Business As the pandemic heads into yet another year, companies are still grappling with uncertainty in the workplace. Many have…

The government has a talent problem. This bill could help change that

January 27, 2022 6:53 AM CNN Newsource

Opinion by Gerry Connolly for CNN Business Perspectives Our workforce is the lifeblood of the US federal government. Without individuals committed to…

The economy boomed in Biden’s first year. His second will be harder

January 27, 2022 6:32 AM CNN Newsource

By Anneken Tappe, CNN Business The US economic recovery from the depths of the Covid pandemic continued through the end of last year. But the strong…

McDonald’s sales haven’t been this good since Bill Clinton was president

January 27, 2022 6:26 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business Higher prices and chicken sandwiches are helping boost McDonald’s sales. But earnings disappointed…

The investors who aren’t panicking

January 27, 2022 6:07 AM CNN Newsource

By Julia Horowitz, CNN Business The stock market has been jolted by indications the Federal Reserve will move to aggressively raise interest rates to…