CNN-Business-Consumer Archives

BlackRock now manages more than $10 trillion in assets

January 14, 2022 7:49 AM CNN Newsource

By Paul R. La Monica, CNN Business The stock market boom has created an insatiable appetite for exchange-traded funds, which make it easy for traders…

Warning sign for the economy: Consumers are getting grumpy

January 14, 2022 6:42 AM CNN Newsource

By Anneken Tappe and Nathaniel Meyersohn, CNN Business Consumers are getting grumpy about inflation, Omicron and a host of other challenges.…

Earnings season is here to distract investors from everything else

January 14, 2022 6:05 AM CNN Newsource

By Julia Horowitz, CNN Business Tech stocks have been plunging as Wall Street obsesses over the Federal Reserve’s next moves and how…

Wall Street is minting money as Main Street struggles with inflation and burnout

January 14, 2022 5:43 AM CNN Newsource

By Paul R. La Monica, CNN Business The Main Street and Wall Street gap is widening again. Big banks had a stellar end to 2021 with rates on the rise.…

The United States could lose all flights to China ahead of the Beijing Winter Olympics

January 14, 2022 2:55 AM CNN Newsource

By Steven Jiang, CNN Business People trying to fly from the United States to China may soon be confronted with an unthinkable scenario: Starting next…

Indian court acquits Catholic bishop on charge of raping a nun, prosecutor says

January 14, 2022 2:41 AM CNN Newsource

By Swati Gupta, Manveena Suri and Rhea Mogul, CNN An Indian court on Friday acquitted a Catholic bishop of rape charges, a prosecution lawyer said…

India’s richest man is pouring more than $80 billion into green energy

January 14, 2022 12:15 AM CNN Newsource

By Michelle Toh, CNN Business Indian billionaire Mukesh Ambani is going big on green energy. His conglomerate, Reliance Industries, announced…

The world’s insatiable appetite for electricity is setting up a climate disaster

January 14, 2022 12:08 AM CNN Newsource

By Julia Horowitz, CNN Business The world needs more electricity. That will mean severe climate damage, unless something changes soon. A report…

At least 9 killed after train derails in India’s West Bengal state

January 13, 2022 11:24 PM CNN Newsource

By Manveena Suri, Swati Gupta and Rhea Mogul, CNN At least nine people were killed and 36 others injured after a passenger train derailed in…

Nation’s top trade groups hail SCOTUS ruling after filing emergency appeals against Biden’s vaccine mandate

January 13, 2022 3:27 PM CNN Newsource

By Vanessa Yurkevich, CNN The nation’s largest industry trade groups are calling the US Supreme Court’s decision to block US President…

Mortgage rates are highest since March 2020

January 13, 2022 11:57 AM CNN Newsource

By Anna Bahney, CNN Business In the second big jump of 2022, mortgage rates again rose to a high not seen since the start of the pandemic. The…

More than 8,000 workers are on strike at 77 Denver area grocery stores

January 13, 2022 11:48 AM CNN Newsource

By Chris Isidore, CNN Business About 8,000 grocery store workers at 77 King Soopers and City Markets stores in the Denver area are on strike after…

Racing legend Michael Andretti is taking a spin on Wall Street

January 13, 2022 11:27 AM CNN Newsource

By Paul R. La Monica, CNN Business Auto racing is arguably hotter than ever, thanks in part to the super popular Netflix series “Drive to…

Goldman Sachs urges employees to work remotely until February amid Omicron wave

January 13, 2022 11:23 AM CNN Newsource

By Matt Egan Goldman Sachs is extending its work-from-home guidance by another two weeks amid the wave of Covid-19 infections. The Wall Street bank…

Virgin Galactic shares tumble as company says it’s raising $425 million in debt

January 13, 2022 9:37 AM CNN Newsource

By Jackie Wattles, CNN Business Shares of Virgin Galactic — the space tourism company that carried its billionaire founder, Richard Branson, to the…

Most CEOs say inflation will stay hot until at least mid-2023

January 13, 2022 9:15 AM CNN Newsource

By Matt Egan, CNN Business Inflation has vaulted to the top of CEOs’ worry list. More than half (55%) of global CEOs fear pricing pressures…

Why no one has a quick fix for inflation — not even Joe Biden or Jerome Powell

January 13, 2022 8:57 AM CNN Newsource

By Chris Isidore and Allison Morrow, CNN Business Inflation isn’t just an economic headache — it’s become a political blame game that…

The NFL returns to ratings dominance

January 13, 2022 7:51 AM CNN Newsource

By Frank Pallotta, CNN Business The National Football League bounced back to ratings dominance following a 2020 season that was disrupted by the…

Stellantis hopes to make the best of a delayed electric start, CEO says

January 13, 2022 7:08 AM CNN Newsource

By Peter Valdes-Dapena, CNN Business Stellantis, the company formed last year through the merger of Fiat Chrysler Automobiles and France’s PSA…

Another key inflation measure hit a record high

January 13, 2022 6:36 AM CNN Newsource

By Anneken Tappe, CNN Business A key inflation measure climbed to a record high in 2021, as pandemic price hikes just aren’t going away. The US…

Companies are hoovering up cheap cash while they can

January 13, 2022 6:16 AM CNN Newsource

By Julia Horowitz, CNN Business For companies that want to take advantage of historically-low borrowing costs, the clock is ticking. What’s…

Volkswagen falls further behind Tesla in the race to electric

January 13, 2022 5:24 AM CNN Newsource

By Charles Riley, CNN Business Volkswagen is falling further behind Tesla in the race to dominate the market for electric cars. Europe’s…

The grocery cashier ringing you up is not OK

January 13, 2022 5:20 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Sam Dancy has witnessed it all during his 30 years at supermarket chain QFC in Seattle. But the Omicron variant…

Delta posts a profit but warns Omicron will mean a loss this quarter

January 13, 2022 5:18 AM CNN Newsource

By Chris Isidore, CNN Business A strong holiday travel season helped Delta Air Lines to a better-than-forecast profit in the last three months of…

There are plenty of N95 masks, but they’re not designed for your kids

January 13, 2022 4:37 AM CNN Newsource

By Parija Kavilanz, CNN Business N95 respirators, the gold standard of filtration masks, are back in the pandemic spotlight because of the highly…

KFC blasted by China for ‘causing unnecessary food waste’

January 13, 2022 1:37 AM CNN Newsource

By Michelle Toh and CNN’s Beijing bureau, CNN Business KFC is being accused of causing food waste in China amid recent concerns about food…

Domino’s is giving customers fewer wings as prices surge

January 12, 2022 1:07 PM CNN Newsource

By Jordan Valinsky, CNN Business Domino’s Pizza customers ordering chicken wings will soon get fewer of them for the same price. The pizza…

If prices keep rising, a nightmare scenario for the US economy is a real possibility

January 12, 2022 11:12 AM CNN Newsource

By Paul R. La Monica, CNN Business There’s no denying it: Inflation is here. Consumer prices surged 7% over the past year. Housing prices have…

Meat is finally getting cheaper. But these other foods aren’t

January 12, 2022 9:15 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business Good news: After rising for months, meat prices are finally falling at the grocery store. Bad news: Many…

Dawn is changing its dish soap bottle with a wacky new lid

January 12, 2022 8:33 AM CNN Newsource

By Jordan Valinsky, CNN Business Getting your dish soap out of the bottle might not be on your top 10 list of daily annoyances. But Procter &…