CNN-Business-Consumer Archives

China Mobile holds massive Chinese listing after leaving Wall Street

January 5, 2022 12:27 AM CNN Newsource

By Michelle Toh, CNN Business China Mobile’s stock rose on its first day of trading in Shanghai, where it was forced to retreat to after being…

Walmart doubles down on delivering groceries straight into your fridge

January 4, 2022 10:41 PM CNN Newsource

By Nathaniel Meyersohn, CNN Business Walmart is expanding its push to deliver groceries straight into customers’ kitchen fridges, even when…

Chrysler shows off an EV concept and a future for the brand

January 4, 2022 10:02 PM CNN Newsource

By Peter Valdes-Dapena, CNN Business Chrysler was once one of the biggest names in the American auto industry, famous for flashy cars with chrome,…

Port of Los Angeles traffic sets record in 2021

January 4, 2022 3:43 PM CNN Newsource

by Vanessa Yurkevich, CNN Business A record-setting 10.7 million 20-foot containers passed through the Port of Los Angeles in 2021, up 13% from the…

Charlie Munger must really, really like China’s Alibaba

January 4, 2022 3:17 PM CNN Newsource

By Paul R. La Monica, CNN Business Charlie Munger, the longtime pal of Berkshire Hathaway’s Warren Buffett, is apparently a very big fan of…

KFC’s new menu item tastes like chicken (but isn’t)

January 4, 2022 3:05 PM CNN Newsource

By Jordan Valinsky, CNN Business Kentucky Fried Chicken is going to sell a new menu item that contains no chicken — but tastes like it does. The…

Covid rapid test prices are going up

January 4, 2022 2:42 PM CNN Newsource

By Nathaniel Meyersohn, CNN Business At-home Covid-19 rapid test kits were already in short supply at stores. Now, a popular version is getting more…

Fanatics buying Topps trading card business for $500 million

January 4, 2022 12:48 PM CNN Newsource

By Paul R. La Monica, CNN Business If you can’t beat ’em, get bought by ’em. Trading card giant Topps — just a few months after…

NYC Mayor Eric Adams to big banks: We need you back in the office

January 4, 2022 12:06 PM CNN Newsource

By Matt Egan, CNN Business New York City Mayor Eric Adams is not pleased with the shift back to remote work by Wall Street banks and other major…

Seth Meyers cancels week of ‘Late Night’ shows after testing positive for Covid-19

January 4, 2022 11:04 AM CNN Newsource

By Frank Pallotta, CNN Business Another NBC late night show has been disrupted by the pandemic. Seth Meyers — the host of the network’s…

The stock market sure is acting strangely

January 4, 2022 10:44 AM CNN Newsource

By Paul R. La Monica, CNN Business Wall Street is having a topsy-turvy moment. Long-term Treasury yields have shot up dramatically, and investors in…

3 key takeaways from the Elizabeth Holmes verdict

January 4, 2022 10:39 AM CNN Newsource

Opinion by Jessica A. Roth for CNN Business Perspectives After three months of testimony and seven days of deliberations, the jurors in the trial of…

The world’s 500 richest people became $1 trillion richer last year

January 4, 2022 10:23 AM CNN Newsource

By Allison Morrow, CNN Business The world’s wealthiest people, whose fortunes already strained comprehension, collectively gained $1 trillion…

Crystal Pepsi is back

January 4, 2022 10:00 AM CNN Newsource

By Jordan Valinsky, CNN Business Crystal Pepsi, the quirky, failed, clear cola from the 1990s is making a comeback. Pepsi is bringing back the soda…

GM was America’s largest automaker for nearly a century. It was just dethroned by Toyota

January 4, 2022 8:51 AM CNN Newsource

By Chris Isidore, CNN Business Toyota is the leader in US auto sales for the first time, taking away a title that General Motors had held for nearly…

A record 4.5 million Americans quit their jobs in November

January 4, 2022 8:22 AM CNN Newsource

By Anneken Tappe, CNN Business A record 4.5 million Americans voluntarily left their jobs in November, according to the Bureau of Labor Statistics.…

Apple’s warp-speed journey to $3 trillion

January 4, 2022 6:28 AM CNN Newsource

By Julia Horowitz, CNN Business The first trading day of the year featured a major milestone for Corporate America and financial markets.…

Biden’s $1 billion bet to make beef cheaper: When will prices fall?

January 4, 2022 4:26 AM CNN Newsource

By Danielle Wiener-Bronner and Matt Egan, CNN Business The White House on Monday offered a solution to surging meat prices: an action plan that…

China denounces Walmart for ‘stupidity’ after Sam’s Club was accused of pulling Xinjiang products

January 4, 2022 2:27 AM CNN Newsource

By Laura He, CNN Business Walmart has been swept up in controversy in China after one of its retailers was accused of removing products sourced from…

Evergrande has been ordered to demolish 39 buildings in Chinese resort

January 4, 2022 1:29 AM CNN Newsource

By Laura He, CNN Business Troubled Chinese real estate developer Evergrande is trying to reassure investors about the impact of an official order to…

Shared history of January 6 is impeded by disinformation, denial and diversion

January 3, 2022 10:15 PM CNN Newsource

By Brian Stelter and Donie O’Sullivan, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter.…

Tesla just opened a new showroom in China’s Xinjiang region

January 3, 2022 9:18 PM CNN Newsource

By Peter Valdes-Dapena, CNN Business Tesla has opened a new showroom in Xinjiang, a region in western China that is purported to be the site of abuse…

At India’s Golden Temple, an intruder was allegedly beaten to death. So why don’t politicians want to talk about it?

January 3, 2022 7:34 PM CNN Newsource

By Rhea Mogul and Esha Mitra, CNN The throngs of worshipers were mid-prayer when a man emerged from the crowd and jumped over the barrier, entering…

Stocks kicked 2022 off at record highs

January 3, 2022 2:04 PM CNN Newsource

By Anneken Tappe, CNN Business Start the year how you intend to spend it, right? For the Dow, that means at all-time highs. The index finished up…

GM was America’s largest automaker for nearly a century. It’s about to be dethroned by Toyota

January 3, 2022 12:56 PM CNN Newsource

By Chris Isidore, CNN Business Toyota is about to become the leader in US auto sales for the first time, taking away a title that General Motors has…

AMC CEO vows on Twitter to refinance movie theater chain’s debt load

January 3, 2022 12:14 PM CNN Newsource

By Paul R. La Monica, CNN Business Movie theater chain AMC was a darling of the meme stock crowd in 2021, soaring nearly 1,200% last year thanks to…

Apple has become the world’s first $3 trillion company

January 3, 2022 11:54 AM CNN Newsource

By Paul R. La Monica, CNN Business Apple has reached yet another major milestone. The iPhone maker topped a market value of $3 trillion Monday —…

5 ways to nail a financial negotiation

January 3, 2022 11:40 AM CNN Newsource

By Jeanne Sahadi, CNN Business Having to negotiate for what you want can feel like getting a root canal. You’d rather not do it, but sometimes…

Mercedes says its electric concept has 620 miles of range and seats made with mushrooms

January 3, 2022 11:30 AM CNN Newsource

By Peter Valdes-Dapena, CNN Business Mercedes has unveiled a new all-electric concept car, the EQXX, that the company claims can go 620 miles on a…

Wall Street is getting greedy again

January 3, 2022 10:49 AM CNN Newsource

By Paul R. La Monica, CNN Business The calendar has flipped to 2022 but investors are still partying like it’s 2021. Stocks remained near…