CNN-Business-Consumer

By Chris Isidore, CNN Business A surge in Covid cases and severe winter storms created a miserable holiday travel season for hundreds of thousands of stranded airline passengers. But airlines’ staffing cuts were also to blame for the 20,000 US flight that have been canceled over the last two weeks. Airlines went into the busiest

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 booted off Wall Street a year ago. Shares of the Chinese telecom giant were up 1.8% on Wednesday after it pulled off mainland China’s biggest listing in 10 years,

By Nathaniel Meyersohn, CNN Business Walmart is expanding its push to deliver groceries straight into customers’ kitchen fridges, even when they aren’t home. Walmart said Wednesday that it plans to make InHome, its $148 annual delivery option, available to 30 million US households by the end of the new year, up from six million today.

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, fins and style that belied their relatively affordable prices. Cars like the Chrysler New Yorker, the Imperial and the classic Chrysler 300 helped it become a solid competitor to brands like

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 previous record set in 2018. And that pace is set to continue, according to Gene Seroka, executive director of the Port of Los Angeles. “I don’t see us falling off a

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 expensive. Walmart and Kroger are raising prices on BinaxNOW test kits, made by Abbott Laboratories, after an agreement with the White House to sell the kits at cost expired. The White

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 losing out on a deal to renew its longtime licensing deal with Major League Baseball to sports apparel startup Fanatics — is now selling its collectibles and cards business

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 Elizabeth Holmes found her guilty on four charges of defrauding investors. But she was acquitted of four other charges related to the alleged scheme to defraud patients, and the jury

By Julia Horowitz, CNN Business The first trading day of the year featured a major milestone for Corporate America and financial markets. What’s happening: On Monday, Apple became the first public company to reach a market value of $3 trillion when its shares briefly hit an all-time high. For comparison, the entire UK economy is

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 includes investing $1 billion of American Rescue Plan funds to boost competition in the industry and promises to ramp up regulation and enforcement of anticompetition laws. But some experts say the

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 Xinjiang. It’s more evidence of how difficult it has become for Western businesses to navigate international politics in China. The firestorm began late last month when people on Chinese

By Laura He, CNN Business Troubled Chinese real estate developer Evergrande is trying to reassure investors about the impact of an official order to demolish a few dozen buildings in China. Chinese media reported over the weekend that authorities in Hainan province — a tropical resort island off the coast of southern China — had

By Brian Stelter and Donie O’Sullivan, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. In an earlier era, journalists might have made certain assumptions about the aftermath of a violent attack on the Capitol. They might have expected unanimous condemnation and

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 and brutal repression of the country’s Uyghurs, a predominantly Muslim ethnic minority. The region has become a major geopolitical hotspot in recent years, and a key source of

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 into the sanctum of Sikhism’s holiest shrine. He would not leave the Golden Temple alive. Within touching distance of Sikhism’s holy book, the man grabbed a bejeweled ceremonial sword

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 love from rowdy Reddit fans. So what does AMC plan to do for a sequel? For starters, it wants to clean up its balance sheet, which is

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 — the first publicly traded company ever to be worth that much. Shares of Apple were briefly up about 3% to a new all-time high of $182.88, surpassing the $182.85