CNN-Business-Consumer Archives

Adidas will continue to sell Kanye West’s shoe designs without the Yeezy name

November 9, 2022 11:40 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Adidas ended its sneaker partnership with Ye, formerly known as Kanye West, last month after the…

‘It is not an accident’: Murdoch’s media empire celebrates DeSantis as future of GOP after midterms

November 9, 2022 10:53 AM CNN Newsource

By Oliver Darcy, CNN Business Rupert Murdoch, the media mogul who controls some of the most powerful organs in conservative media, appeared to make…

Railroad unions push back threatened strike date

November 9, 2022 10:52 AM CNN Newsource

By Chris Isidore and Vanessa Yurkevich, CNN Business The threat of a freight railroad strike has been pushed back to early December, as four major…

British nurses to hold first ever strike over pay

November 9, 2022 10:45 AM CNN Newsource

By Reuters Tens of thousands of British nurses will go on strike for the first time over demands for better pay, their trade union said on Wednesday,…

Energy security trumps the climate? London’s biggest IPO of the year is an oil company

November 9, 2022 9:52 AM CNN Newsource

By Julia Horowitz, CNN Business The world may be losing the fight against the climate crisis, but investors are still willing to throw money at oil…

Credit card rates hit a record high as Fed fights inflation

November 9, 2022 9:35 AM CNN Newsource

By Matt Egan It’s never a great time to carry credit card debt. But right now is arguably the worst time. The Federal Reserve’s war on…

Chocolate is having a moment

November 9, 2022 9:00 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business Between warnings of a recession, high inflation and layoff fears, the news is bleak. Why not have some…

Redfin shuts home-flipping business and cuts 13% of its workforce

November 9, 2022 8:48 AM CNN Newsource

By Anna Bahney, CNN Business Redfin is set to shutter its home-flipping business and reduce its workforce by 13%, laying off 862 employees. About 264…

Shop owner who sold winning Powerball ticket is now a millionaire himself

November 9, 2022 8:41 AM CNN Newsource

By Stella Chan, CNN The owner of Joe’s Service Center in Altadena, California, who came to the United States from Syria in 1980 with $14,000 in…

Crypto giant Binance drops bid to save rival, stoking chaos in digital assets

November 9, 2022 8:35 AM CNN Newsource

By Allison Morrow, CNN Business In an abrupt reversal, cryptocurrency exchange Binance pulled out of a deal to acquire its embattled rival FTX,…

Stocks slip as control of Congress remains unclear

November 9, 2022 7:32 AM CNN Newsource

By Paul R. La Monica, CNN Business Wall Street was betting on a red wave in the midterm elections Tuesday. But it appears that didn’t happen.…

Cargo spacecraft docks with ISS after solar panel fails to deploy

November 9, 2022 7:18 AM CNN Newsource

By Jackie Wattles, CNN Business A cargo spacecraft successfully docked with the International Space Station Wednesday morning, despite making its…

Changes are coming to Wordle

November 9, 2022 6:23 AM CNN Newsource

By Frank Pallotta, CNN Business Changes are coming for Wordle … again. For starters the New York Times this week named Tracy Bennett the new…

Markets are in trouble. Election results won’t change that

November 9, 2022 5:32 AM CNN Newsource

By Nicole Goodkind, CNN Business The results of Tuesday’s midterm elections will set the agenda for the next Congress. That could mean changes…

Why these five states don’t sell lottery tickets

November 9, 2022 4:11 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business If residents of Alabama, Utah, Alaska, Hawaii or Nevada wanted a chance to win this week’s record…

China is ‘committed to net zero,’ head of top Asian development bank says at COP27

November 9, 2022 3:16 AM CNN Newsource

By Eoin McSweeney and Ella Nilsen, CNN China and the other 104 members of the Asian Infrastructure Investment Bank are “deeply committed”…

Elon Musk sold nearly $4 billion worth of Tesla stock since Twitter deal closed

November 8, 2022 8:10 PM CNN Newsource

By Chris Isidore, CNN Business Elon Musk sold $3.95 billion worth of Tesla stock since completing his purchase of Twitter late last month.…

Stock futures mostly unchanged as election results roll in

November 8, 2022 7:45 PM CNN Newsource

By Paul R. La Monica, CNN Business US stocks were mostly unchanged in premarket trading as results from Tuesday’s midterm elections rolled in.…

One Indian family lost 12 members in the Morbi bridge collapse

November 8, 2022 6:13 PM CNN Newsource

By Swati Gupta, Rhea Mogul, Sandi Sidhu and Mohit Lathiya, CNN A marigold garland hangs across a photo frame with the faces of 12 members of the…

Disney+ beats subscriber expectations but that growth came at a cost

November 8, 2022 2:43 PM CNN Newsource

By Frank Pallotta, CNN Business Disney’s fourth quarter earnings were a mix of good and bad news for the company. The good: the company added…

Wall Street is bracing for a potential game changer, but it’s not the election

November 8, 2022 12:41 PM CNN Newsource

By Matt Egan, CNN Business Wall Street is waiting for the results of Tuesday’s midterm election like the rest of the world, but traders say…

Stocks rise as Americans head to the polls

November 8, 2022 11:41 AM CNN Newsource

By Paul R. La Monica, CNN Business #RedWave? #VoteBlue? Wall Street saw green on this midterm Election Day. Stocks ended Tuesday with solid gains,…

A plan to tax the rich to fund electric defeated by California voters

November 8, 2022 10:42 AM CNN Newsource

By Peter Valdes-Dapena, CNN Business California has long been a leader among states, and even countries, in promoting a shift to electric cars,…

Trump-linked SPAC stock goes bonkers ahead of midterms

November 8, 2022 9:27 AM CNN Newsource

By Paul R. La Monica, CNN Business Many political experts are predicting big Republican wins in the midterm elections that could give the GOP control…

Proposed tie-up sends shockwaves through crypto markets

November 8, 2022 8:43 AM CNN Newsource

By Allison Morrow, CNN Business In an unexpected twist, the cryptocurrency exchange Binance said it is buying its smaller rival FTX after the firm…

Adidas scoops up CEO who turned around rival Puma

November 8, 2022 7:56 AM CNN Newsource

By Hanna Ziady, CNN Business Adidas has appointed the head of Puma to succeed outgoing CEO Kasper Rorsted, betting on his ability to replicate its…

Getting laid off? Know your rights

November 8, 2022 7:49 AM CNN Newsource

By Jeanne Sahadi, CNN Business The abrupt and unceremonious way that thousands of Twitter employees got laid off last week was a spectacle. But it…

Doughnuts, pizza and cheap rides: Election Day deals are here

November 8, 2022 7:25 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business It’s Election Day in America, and some companies are offering deals and freebies to mark the occasion,…

Advertisers crack jokes about the end times and turnip lattes as inflation bites

November 8, 2022 6:54 AM CNN Newsource

By Julia Horowitz, CNN Business A woman maneuvers her car onto a street called “Wits’ End.” The sky is an ominous red, and strange…

Companies are back to hosting lavish parties and expensive dinners

November 8, 2022 6:07 AM CNN Newsource

By Alexandra Peers CNN Business Samuel Roe, regional sales manager for Terlato Wines, had business associates visiting a few weeks ago and called a…