CNN-Business-Consumer

By Anneken Tappe, CNN Business Investors are gearing up for a week of big ticket economic data, including a first look at economic growth between January and March and more inflation numbers. America’s economic activity, measured by gross domestic product, is forecast to have only grown at an annualized pace of 1% in the first

By Chris Isidore, CNN Business Does the richest person on the planet need another massive pay package? That’s the decision facing the Tesla board of directors. CEO Elon Musk doesn’t receive any cash salary or bonus. He’s paid only with stock options. But he has just about exhausted the options available from the compensation package

By Nathaniel Meyersohn, CNN Business There are around 175,000 white and orange U-Haul rental trucks in the United States and Canada for do-it-yourself movers. And they all have something strange in common: Arizona license plates with the word “apportioned” slapped on them. The reason? An esoteric agreement between the 48 continental US states, Washington DC

By Nathaniel Meyersohn, CNN Business Old Navy has long been the crown jewel of Gap’s otherwise inconsistent businesses. But now, even Old Navy is struggling. And that’s weighing on its parent company in a big way. Gap said Thursday it is replacing Old Navy CEO Nancy Green and launching a search for a new chief

By Simon Bouvier, Xiaofei Xu, Chris Liakos and Anna Cooban, CNN Business France has issued an arrest warrant for Carlos Ghosn, the fugitive auto executive who used to lead Renault-Nissan. The prosecutor’s office in Nanterre, near Paris, confirmed to CNN on Friday that it had issued an international arrest warrant for Ghosn, who now lives

Opinion by Kapil Parakh for CNN Business Perspectives Almost two decades ago, I was a resident physician working in the Cardiac Intensive Care Unit at Johns Hopkins Bayview when I got word that my mother had been diagnosed with metastatic breast cancer. Despite feeling supported by those in my residency program, my first instinct was

By Paul R. La Monica, CNN Business investors who have been blindly buying all big techs got a rude awakening this week after Netflix imploded. But the good news from Tesla proves that some top momentum stocks can still thrive in this rocky market. The latest results from Tesla and Netflix show how silly it

By Clare Sebastian, CNN Russian President Vladimir Putin has devoted considerable airtime over the past few weeks to reassuring the Russian public that sanctions hurt the West more than they hurt Russia. Putin is preparing his country for the long haul. “The collective West does not plan on backing off its policy of economic pressure

By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. When WarnerMedia and Discovery merged earlier this month, the incoming management team faced an immediate question: What to do with CNN+. So at 8 a.m. on April 11, the first

By Alicia Wallace, CNN Business Daily life continues to get more expensive as American households battle the worst inflation in 40 years. From meat to gas to clothing and housing, the average family now has to fork over hundreds more dollars each month compared to this time last year. Food prices alone are up almost

By Anneken Tappe, CNN Business A half-percentage point interest rate hike is officially on the table, Federal Reserve Chairman Jerome Powell said Thursday, as the central bank prepares to get inflation under control. “50 basis points will be on the table for the May meeting,” Powell said during a panel at the International Monetary Fund

By Anna Bahney, CNN Business Mortgage rates continued to rise this week, reaching their highest level in more than a decade. The 30-year fixed-rate mortgage averaged 5.11% in the week ending April 21, up from 5% the week before, according to Freddie Mac. It is the seventh consecutive week of increases and is significantly higher

Opinion by Jessica J. González for CNN Business Perspectives When Elon Musk offered to buy Twitter and take it private last week, he wrote that he believed the company needed to be “transformed.” The next day, Musk took to the stage at a TED conference where he criticized the company for what he sees as

By Mark Thompson and Chris Liakos, CNN Business One of Russia’s richest men has quit as CEO of Lukoil, the country’s second-largest oil company. In a brief statement Thursday, Lukoil said Vagit Alekperov informed the company “about his decision to resign” as a director and president of the company. The company did not disclose the

By Faith Karimi, CNN Scoot over, Facebook and Instagram. There’s a newer photo-sharing app — and it’s not like other social media platforms. The app is called BeReal. And while you may not have heard of it, a lot of young people are signing up. Its active monthly users have skyrocketed this year by more

By Julia Horowitz, CNN Business Investors have quickly turned on companies like Netflix that were growing fast during the recovery from the pandemic but are now sputtering. Yet Tesla, which skeptics have long said is overvalued based on rosy projections for the future, is experiencing a much softer landing. What’s happening: Tesla shares have dropped