CNN-Business-Consumer Archives

Why shares of homebuilders just plunged

January 10, 2022 6:33 AM CNN Newsource

By Julia Horowitz, CNN Business Looming interest rate hikes are slamming US tech stocks, which dropped sharply last week as investors reassessed how…

Savannah Guthrie, host of NBC’s ‘Today,’ tests positive for Covid-19

January 10, 2022 5:30 AM CNN Newsource

By Jordan Valinsky, CNN Business Savannah Guthrie, host of NBC’s morning show ‘Today,’ announced Monday that she has Covid-19 —…

Brits face a massive increase in energy bills. BP and Shell could be on the hook to pay

January 10, 2022 5:21 AM CNN Newsource

By Charles Riley, CNN Business The UK government is coming under mounting pressure to increase taxes on oil and gas companies, including BP and…

Why inflation can actually be good for everyday Americans and bad for rich people

January 10, 2022 4:40 AM CNN Newsource

By Allison Morrow, CNN Business No one likes paying more for stuff. That’s why inflation, especially the sharp price increases we’ve seen…

Asia’s richest man is buying the Mandarin Oriental in New York for $98 million

January 10, 2022 12:25 AM CNN Newsource

By Michelle Toh, CNN Business Asia’s biggest billionaire, Mukesh Ambani, has snapped up a controlling stake in the Mandarin Oriental in New…

Top Chinese education company laid off 60,000 people after Beijing’s crackdown last year

January 10, 2022 12:06 AM CNN Newsource

By Laura He, CNN Business China’s largest private education provider laid off 60,000 employees last year as it grappled with fallout from…

Remembering Bob Saget: A ‘sweet guy’ who became ‘accidentally enormously famous’

January 9, 2022 9:26 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…

Autoshop owner sued after dumping 500 pounds of pennies on ex-employee’s driveway

January 9, 2022 1:52 PM CNN Newsource

By Ramishah Maruf, CNN Business There are difficult bosses. Then there are bosses who dump over 500 pounds of greasy pennies onto an…

‘More soul searching:’ Facebook’s former elections boss speaks out about the platform

January 9, 2022 11:11 AM CNN Newsource

By Ramishah Maruf, CNN Business Katie Harbath worked for 10 years inside Facebook, where she was most recently the company’s public policy…

Inflation, explained: Why prices keep going up and who’s to blame

January 9, 2022 6:57 AM CNN Newsource

By Allison Morrow, CNN Business Confused about inflation? You’re not alone. Inflation is, paradoxically, both incredibly simple to understand…

Big banks are booming. Now here come earnings

January 9, 2022 6:53 AM CNN Newsource

By Paul R. La Monica, CNN Business The prospect of higher interest rates this year is spooking investors in tech stocks and other high growth…

Meet Wordle, the internet’s latest obsession

January 8, 2022 1:19 PM CNN Newsource

By Ramishah Maruf, CNN Business Wonder what those green and yellow tiles all over your social media feeds are? It’s Wordle, a new no-frills…

Why Nike, Adidas and Ralph Lauren stuff is getting tougher to find

January 8, 2022 6:52 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Looking to buy Nike sneakers, Adidas sweats, Crocs clogs, Polo shirts or Canada Goose parkas? You’re…

Need a raise? Now’s the time to demand one

January 8, 2022 6:44 AM CNN Newsource

By Allison Morrow, CNN Business If you haven’t secured a raise in a while, now’s the time to make your move. Yes, inflation is high,…

Amazon shortens Covid paid leave time for US employees

January 7, 2022 4:42 PM CNN Newsource

By Ramishah Maruf, CNN Business Amazon is shortening its Covid-19 isolation policy to seven days from 10, for a total of up to 40 hours of paid…

In a turbulent year for theaters, Disney still won the box office

January 7, 2022 11:44 AM CNN Newsource

By Frank Pallotta, CNN Business In a turbulent year when the pandemic continued to upend the business of movie-going and streaming blockbusters at…

GameStop shares jump 20% on report it will launch NFT marketplace

January 7, 2022 11:28 AM CNN Newsource

By Ramishah Maruf, CNN Business The calendar changed, but the roller coaster ride for GameStop’s stock continues. GameStop shares jumped as…

Confused about America’s job market? Don’t worry: Economists are, too

January 7, 2022 10:20 AM CNN Newsource

By Anneken Tappe, CNN Business 2021 was a historically great year for jobs. So why didn’t it feel that way? The short answers: Economists were…

Papa Johns plans to open over 1,350 stores in China

January 7, 2022 9:35 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business Papa Johns is making a big bet on China. The pizza chain plans to open over 1,350 stores in South China by…

Kanye West’s Yeezy Gap line just got a whole lot fancier

January 7, 2022 9:28 AM CNN Newsource

By Parija Kavilanz, CNN Business Kanye West is expanding his sellout Yeezy Gap line by bringing on luxury fashion powerhouse brand Balenciaga. Gap…

Stocks fall after disappointing jobs report

January 7, 2022 8:43 AM CNN Newsource

By Paul R. La Monica, CNN Business The jobs recovery may be losing steam. But the unemployment rate continued to fall, and workers are still bringing…

Quit your job? Here’s what to do about health insurance

January 7, 2022 8:28 AM CNN Newsource

By Tami Luhby, Kathryn Vasel, CNN Business Part of this story was included in a previously published story that ran on CNN Business in November.…

Build Back Better isn’t a path to socialism. It’s an investment in our nation’s children

January 7, 2022 7:03 AM CNN Newsource

Opinion by Jim Himes for CNN Business Perspectives For far too many American children, the race is over before it really begins. Arbitrary factors…

Big Tech could brush off rate hikes. Startups may struggle

January 7, 2022 5:56 AM CNN Newsource

By Julia Horowitz, CNN Business Apple, Microsoft, SoFi and Coinbase all sold off sharply this week, as investors, anticipating higher interest rates,…

Shoplifting is surging across America with dangerous and costly consequences

January 7, 2022 4:41 AM CNN Newsource

By Parija Kavilanz, CNN Business Retailers have always been vulnerable to shoplifting. But the emergence of coordinated and organized robberies at…

Jobs disappoint in December, but unemployment falls to 3.9%

January 7, 2022 4:27 AM CNN Newsource

By Anneken Tappe, CNN Business The US economy added 199,000 jobs in December, the Labor Department reported Friday. That was the fewest jobs added in…

Kazakhstan is huge for crypto mining. Political upheaval could jeopardize that

January 7, 2022 2:13 AM CNN Newsource

By Diksha Madhok, CNN Business Political turmoil in Kazakhstan is hitting the country’s vast bitcoin mining industry. The Central Asian nation…

Biden tells reporters on Jan. 6: ‘To heal, you have to recognize the extent of the wound’

January 6, 2022 9:38 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…

6,000 miles through 7 countries. Why companies are turning to long-haul trains

January 6, 2022 6:32 PM CNN Newsource

By Xiaofei Xu, CNN Business When the freight train pulled into view, it looked like many others at this rail hub in suburban Paris. But one thing…

Conspiracy, deflection, and mockery: How right-wing media is marking the January 6 anniversary

January 6, 2022 12:27 PM CNN Newsource

By Oliver Darcy, CNN Business On the one-year anniversary of the January 6 insurrection, some of the most powerful forces in right-wing media…