CNN-Business-Consumer Archives

Rents rose five times faster in 2021 than 2020

January 26, 2022 3:01 PM CNN Newsource

By Anna Bahney, CNN Business Rents are continuing to rise across the US. The cost of rent, on average, was 10.1% higher in 2021 than in 2020, growing…

Tesla reports record profit, but warns of continued supply chain issues

January 26, 2022 2:26 PM CNN Newsource

By Chris Isidore, CNN Business Tesla shook off supply chain issues to more than triple earnings from year-ago results, easily topping Wall…

Double-decker highways are back. But they’re not going to solve traffic jams

January 26, 2022 1:17 PM CNN Newsource

By Matt McFarland, CNN Business Frederica Wilson, the US Congresswoman representing much of Miami, says she must leave home by 6:30 a.m. to beat…

The Fed is getting ready to raise interest rates

January 26, 2022 12:22 PM CNN Newsource

By Anneken Tappe, CNN Business The Federal Reserve is getting ready to raise interest rates, the central bank said in its monetary policy update…

Climate change is coming for our coffee

January 26, 2022 12:07 PM CNN Newsource

By Danielle Wiener-Bronner, CNN Business Bad news for coffee lovers: Climate change will make it much harder to grow Arabica coffee in the coming…

What is SWIFT and why it might be the weapon Russia fears most

January 26, 2022 9:43 AM CNN Newsource

By Charles Riley, CNN Business Some are calling it the “nuclear option.” As Western governments threaten Russia with a package of…

Exclusive: Oscar Mayer hot dogs and Velveeta cheese will get more expensive

January 26, 2022 9:38 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business The makers of top food and consumer goods brands plan to raise prices in the spring, dashing shoppers’…

The pandemic has been great for electric car sales

January 26, 2022 9:07 AM CNN Newsource

By Anna Cooban, CNN Business Electric vehicles grabbed a much bigger share of the global car market last year as sales more than doubled despite…

The Buick Roadmaster Tom Cruise drove in ‘Rain Man’ is up for sale

January 26, 2022 8:41 AM CNN Newsource

By Peter Valdes-Dapena, CNN Business It wasn’t exactly “The Fast and the Furious” — pretty much the opposite — but the 1988…

Disney Princess toys and Frozen characters are coming back to Mattel

January 26, 2022 8:38 AM CNN Newsource

By Paul R. La Monica, CNN Business It’s a magical world again for Mattel. The toy company won back the rights to make dolls based on…

Wynn Resorts wants to bring ‘gaming’ to the UAE

January 26, 2022 7:59 AM CNN Newsource

By Celine Alkhaldi, Eoin McSweeney and Hamzeh Noami, CNN Casino operator Wynn Resorts has inked a deal to build a luxury resort in Ras Al Khaimah in…

McDonald’s is selling fan-made menu hacks

January 26, 2022 7:00 AM CNN Newsource

By Jordan Valinsky, CNN Business McDonald’s fans have long been creating menu hacks like using hash browns as a bun. Now the chain is putting…

Surging food prices are hurting those who can least afford it. This is what needs to happen

January 26, 2022 6:59 AM CNN Newsource

Opinion by Dana Peterson for CNN Business Perspectives Prices are rising for nearly everything, biting into everyone’s income. But the surging…

Most major employers are keeping vaccine mandate for workers, despite Supreme Court ruling

January 26, 2022 6:24 AM CNN Newsource

By Chris Isidore, CNN Business Many major employers are going ahead with policies to require employees to take steps to combat Covid-19, even if the…

Rate hikes have been good for stocks. This time might be different

January 26, 2022 6:18 AM CNN Newsource

By Julia Horowitz, CNN Business The market has churned intensely this week as investors get to grips with expectations that the Federal Reserve will…

Boeing posts massive charge for 787 Dreamliner problems, sending losses soaring

January 26, 2022 6:11 AM CNN Newsource

By Chris Isidore, CNN Business Boeing took nearly $4 billion in charges related to problems it had with its 787 Dreamliner, causing losses to soar…

It sure looks like GM is about to pull the plug on the Bolt

January 26, 2022 5:38 AM CNN Newsource

By Chris Isidore, CNN Business Time could be running out for the Chevrolet Bolt, the electric vehicle that only five years ago was positioned as…

A year after GameStop mania, meme stocks have tumbled

January 26, 2022 4:52 AM CNN Newsource

By Paul R. La Monica, CNN Business It’s been a little more than a year since the meme mania in GameStop began. It’s shaped up to be, to…

Why economists believe 2021 ended on a high note despite Omicron

January 26, 2022 4:31 AM CNN Newsource

By Anneken Tappe, CNN Business The Omicron variant put America’s recovery through the ringer. But the post-Thanksgiving timing may mean the…

‘Fight Club’ has a new ending in China. And this time, the authorities win

January 26, 2022 12:40 AM CNN Newsource

By Nectar Gan and CNN’s Beijing Bureau, CNN Business More than two decades after its release, “Fight Club” has been given a very…

Johnson & Johnson expects its Covid vaccine sales to surge — but still lag its rivals

January 25, 2022 2:04 PM CNN Newsource

By Chris Isidore, CNN Business Johnson & Johnson, the world’s largest health care products company, reported that sales of its Covid…

First on CNN: Bank of America is giving workers $1 billion of stock

January 25, 2022 12:20 PM CNN Newsource

By Matt Egan, CNN Business Bank of America is handing out $1 billion worth of restricted stock to virtually its entire workforce as the bank seeks to…

Flying car cleared for takeoff, but you’ll need a pilot’s license

January 25, 2022 10:39 AM CNN Newsource

By Robert North, Radina Gigova and Sana Noor Haq, CNN A car that can transform into a small aircraft has passed flights tests with flying colors in…

43 million viewers make Bills-Chiefs most-watched TV event since last year’s Super Bowl

January 25, 2022 10:31 AM CNN Newsource

By Brian Stelter, CNN Business None of the headwinds facing legacy broadcast television are strong enough to stop the NFL right now. This past…

AmEx stock soars nearly 10% as customers go on spending spree

January 25, 2022 8:04 AM CNN Newsource

By Paul R. La Monica, CNN Business American Express customers clearly didn’t leave home without their credit cards when they went shopping this…

Stocks finish lower, dashing hopes for a turnaround Tuesday

January 25, 2022 7:32 AM CNN Newsource

By Anneken Tappe, CNN Business Investors better fasten their seat belts because there’s no sign of volatility letting up on Wall Street. Stocks…

Home prices are starting to lose steam

January 25, 2022 7:26 AM CNN Newsource

By Anna Bahney Overheated home prices continue to show signs of cooling off a bit. Home prices rose 18.8% year-over-year in November, according to…

Starbucks is launching an energy drink

January 25, 2022 7:11 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business Starbucks is giving customers new ways to perk up: a line of energy drinks called Starbucks Baya Energy and…

IMF slashes US and China growth forecasts

January 25, 2022 7:01 AM CNN Newsource

By Julia Horowitz, CNN Business The pandemic will continue to stoke uncertainty and inflation in its third year, undermining the global recovery from…

Sarah Palin allegedly flouted Covid-19 rules by dining indoors unvaccinated ahead of trial

January 25, 2022 6:31 AM CNN Newsource

By Sonia Moghe, CNN A Manhattan restaurant is looking into its enforcement of vaccine requirements for indoor dining, after Sarah Palin allegedly…