CNN-Business-Consumer Archives

Crypto giant files for bankruptcy as CEO resigns in a stunning downfall

November 11, 2022 7:38 AM CNN Newsource

By Matt Egan and Allison Morrow, CNN Business FTX Group said Friday it has filed for bankruptcy in the United States and that its CEO has resigned,…

Wall Street picks hope over reality… again

November 11, 2022 5:58 AM CNN Newsource

By Nicole Goodkind, CNN Business Stocks surged on Thursday in their best day since 2020 after a key inflation indicator came in softer than expected.…

China’s Singles Day sales could top 1 trillion yuan even as the economy cools

November 11, 2022 5:15 AM CNN Newsource

By Michelle Toh, CNN Business China’s Singles Day, the world’s biggest annual shopping event, is known for regularly smashing sales…

The UK economy is sliding into recession and Europe is set to follow

November 11, 2022 5:11 AM CNN Newsource

By Hanna Ziady, CNN Business The UK economy shrank in the third quarter, signaling the start of a recession that is likely to hit Europe next. UK GDP…

‘Wakanda Forever’ aims to recreate blockbuster magic. Disney and theaters are counting on it

November 11, 2022 4:50 AM CNN Newsource

By Frank Pallotta, CNN Business “Black Panther: Wakanda Forever” hits theaters this weekend, and with it comes the type of anticipation…

Apple curbs AirDrop file sharing on devices in China

November 11, 2022 4:43 AM CNN Newsource

By Steven Jiang and Juliana Liu, CNN Apple has limited the use of the AirDrop wireless file sharing function on devices in China, just weeks after…

India’s top court orders release of six people convicted of killing former PM Rajiv Gandhi

November 11, 2022 2:31 AM CNN Newsource

By Rhea Mogul and Swati Gupta, CNN India’s top court on Friday ordered the release of six people convicted of killing the country’s…

China scraps Covid flight bans, cuts quarantine for inbound travelers

November 10, 2022 11:33 PM CNN Newsource

By Kathleen Magramo, CNN Business China has reduced the amount of time travelers entering the country must spend in quarantine and removed a major…

Gap launches its store on Amazon

November 10, 2022 2:03 PM CNN Newsource

By Parija Kavilanz, CNN Business Gap announced Thursday that it has officially launched its store on Amazon. While shoppers were able to buy Gap…

Alex Jones ordered to pay nearly half a billion dollars to Sandy Hook families in additional damages

November 10, 2022 12:56 PM CNN Newsource

By Oliver Darcy and Sonia Moghe, CNN A Connecticut judge on Thursday ordered right-wing conspiracy theorist Alex Jones to pay an additional $473…

The US monthly budget deficit dropped to $88 billion in October, down 47% for the year

November 10, 2022 12:01 PM CNN Newsource

By Alicia Wallace, CNN Business The US government recorded a monthly budget deficit of $88 billion in October, the Treasury Department reported…

Some relief for consumers: Prices on a few grocery items are actually coming down

November 10, 2022 10:56 AM CNN Newsource

By Parija Kavilanz, CNN Business Is there anything at your local grocery store (besides avocados) that’s getting less — not more —…

KFC Germany apologizes for advertising a Kristallnacht promotion

November 10, 2022 10:52 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business KFC Germany apologized for an “unacceptable” message sent to customers on Wednesday, which…

Home prices rose almost everywhere in the US this summer

November 10, 2022 10:44 AM CNN Newsource

By Anna Bahney, CNN Business In case you needed more evidence of how much home prices have skyrocketed: Even as the housing market was cooling over…

UK police ‘got it wrong’ by arresting journalists covering climate protests

November 10, 2022 10:24 AM CNN Newsource

By Anna Cooban, CNN Business UK police arrested and detained three journalists covering a climate protest earlier this week, raising concerns that…

Fred Hickman, who helped launch CNN Sports and YES Network, dead at 66

November 10, 2022 10:13 AM CNN Newsource

By Chris Isidore and David Close, CNN Fred Hickman, a pioneering sports broadcaster and anchor who helped to launch two major cable networks and…

This is the moment Wall Street has been waiting for

November 10, 2022 10:00 AM CNN Newsource

By Paul R. La Monica and Nicole Goodkind, CNN Stocks soared in their best day since 2020 on Thursday after new economic data showed that price…

New car prices are finally coming down. But not by much

November 10, 2022 9:48 AM CNN Newsource

By Peter Valdes-Dapena, CNN Business New car prices are finally coming down. A little, anyway. Cars are still selling, on average, for more than the…

Exclusive: Wendy’s is selling its first-ever holiday Frosty

November 10, 2022 9:29 AM CNN Newsource

By Jordan Valinsky, CNN Business Wendy’s is adding a holiday-themed Frosty to its menu for the first time ever. Beginning next Tuesday,…

Here’s what’s getting more expensive at the grocery store

November 10, 2022 9:14 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business Food is still getting more expensive, but at a slower pace than earlier this year. In the month of October,…

Crypto is in chaos as FTX files for bankruptcy

November 10, 2022 8:19 AM CNN Newsource

By Allison Morrow, CNN Business In the space of a week, a 30-year-old entrepreneur once hailed as a modern-day J.P. Morgan watched his digital…

Mortgage rates rise back above 7%

November 10, 2022 8:00 AM CNN Newsource

By Anna Bahney, CNN Business Mortgage rates have jumped back above 7%, after dropping last week. The 30-year fixed-rate mortgage averaged 7.08% in…

The 5 biggest takeaways from earnings season

November 10, 2022 5:58 AM CNN Newsource

By Nicole Goodkind, CNN Business The third-quarter corporate earnings season is wrapping up: We now have reports from about 450 of the S&P 500,…

Inflation cools much more than expected in October

November 10, 2022 3:53 AM CNN Newsource

By Alicia Wallace, CNN Business Americans and the Federal Reserve got some welcome news Thursday on inflation. The Consumer Price Index rose 7.7% for…

Analysis: Why the news media got the midterm ‘red wave’ narrative so wrong

November 9, 2022 8:38 PM CNN Newsource

By Oliver Darcy, CNN Business The White House believes that the press has “egg on their faces, yet again.” That’s according to a…

Rivian has both good and bad news at end of tough day for EV stocks

November 9, 2022 3:43 PM CNN Newsource

By Chris Isidore, CNN Business Electric truckmaker Rivian delivered a mixed bag for investors in its third-quarter earnings report, after a brutal…

So you won the lottery. What now?

November 9, 2022 2:54 PM CNN Newsource

By Allison Morrow, CNN Business So, you won the lottery. Congrats! What do you do now? Once you’re done screaming and dancing in a shower of…

The economy was a big concern for voters. Thursday’s inflation report likely won’t help

November 9, 2022 2:46 PM CNN Newsource

By Alicia Wallace, CNN Business The economy was top of mind for voters in the midterm elections, exit polls showed, adding even more weight to a…

Crypto’s white knight lost 94% of his wealth in a single day

November 9, 2022 1:42 PM CNN Newsource

By Allison Morrow, CNN Business Sam Bankman-Fried, the crypto entrepreneur known for providing a financial lifeline to struggling firms in the…

This oil refiner is cutting 1,100 jobs — and giving billions of dollars to its shareholders

November 9, 2022 12:35 PM CNN Newsource

By Matt Egan, CNN Business Phillips 66 is cutting at least 1,100 jobs by the end of this year as the refining giant seeks to slash costs and steer a…