CNN-Business-Consumer

By Oliver Darcy, CNN Business Spotify and the Obamas are headed for a split. The streaming service and former first family will not be inking a new deal, a person familiar with the matter told CNN. The person said that Spotify did not make an offer for the rights to distribute the content from Higher

By Chris Isidore, CNN Business Tesla has posted record profits once again, overcoming supply chain issues that have dogged the broader auto industry to blow away Wall Street’s forecast for the company for the first quarter of 2022. But the company warned that it is not immune from supply chain problems, which it said limited

By Oliver Darcy, CNN Business A Texas judge on Wednesday postponed a trial that will determine how much right-wing conspiracy theorist Alex Jones will have to pay the families of two Sandy Hook shooting victims. The trial had been set to start next week. The delay came after three companies tied to Jones, including the

By Matt McFarland, CNN Business Amtrak is embroiled in a fight that may have vast implications for the future of US rail service, including the billions of dollars devoted to it from the bipartisan infrastructure bill. Amtrak, which typically speaks in a mild-mannered tone on social media, has reinvented itself as a flamethrower that’s launching

By Frank Pallotta, CNN Business Call Eleven and Sheriff Hopper of “Stranger Things,” because Netflix’s world has been turned upside down. The company reported Tuesday that it lost subscribers for the first time in more than a decade. The news shocked Wall Street and sent shares plummeting 35% Wednesday morning, wiping out $50 billion in

By Anna Bahney, CNN Business Home prices hit an all-time high in March as buyers scrambled to close deals before mortgage rates rise even further. The median existing-home price for all housing types in March was $375,300, up 15% from the year before, according to the National Association of Realtors. That marks more than a

By Kathryn Vasel Your resume can be the first impression you make with a potential employer. So you want to put your best foot forward when crafting one. “This is a storytelling exercise about what makes you so compelling,” said Debra Wheatman, certified resume writer and career coach. “You need to look at this as

Opinion by Philip Baggaley for CNN Business Perspectives Ever since Covid-19 nearly shut down travel two years ago, US airlines and travelers have been dealing with frustration and uncertainty. They’ve endured several waves of the virus, government-mandated restrictions on travel and service problems as airlines struggled to staff up for a resurgence in demand. All

By Ramishah Maruf, CNN Elon Musk wants everyone to believe he really did have the money secured to take Tesla private back in 2018. But a group suing him over that claim say he didn’t have it, and that the SEC and a federal judge agree. Musk is making the claim as he faces a

By Danielle Wiener-Bronner, CNN Business No more microwaving your Halo Top light ice cream. At least, that’s one goal of the new recipe — which is replacing the old one and currently rolling into stores. Originally, Halo Top cartons instructed customers to “give me a couple of minutes on the counter before you dig in,”

By Alicia Wallace, CNN Business More than a dozen US states reached or exceeded their pre-pandemic employment levels in March, and more than one-third have reported record-low unemployment rates, according to data from the US Bureau of Labor Statistics. As the nation claws its way back from the stark job losses incurred during the early

By Frank Pallotta, CNN Business Netflix’s bad 2022 just got much worse. After shares tanked earlier this year because of concerns over its subscriber growth, the streaming leader said that it lost subscribers when it reported first quarter earnings on Tuesday. Netflix now has 221.6 million subscribers globally. It shed 200,000 subscribers in the first

By Matt Egan, CNN Business Prices at the pump have stopped falling from their recent highs — and some forecasters are warning of another uptick as the summer driving season looms and the war in Ukraine continues. After a slow-but-steady decline, the national average price for regular gasoline bottomed out at $4.07 a gallon last

By Danielle Wiener-Bronner, CNN Business Popeyes has big expansion plans for 2022. The chicken chain is set to open more than 200 new locations in the United States and Canada this year, the company announced Tuesday. Popeyes also said it will launch additional locations in several other places around the world, including in South Korea,

By Brian Stelter, CNN Business Joe Kahn, the managing editor of The New York Times, will succeed Dean Baquet as executive editor in June. Kahn, a 24-year veteran of the news organization and Baquet’s second in command, was thought to be the favorite for the top Times newsroom job. Publisher A. G. Sulzberger confirmed it

By Julia Horowitz, CNN Business The International Monetary Fund has slashed its expectations for global economic growth over the next two years because of Russia’s invasion of Ukraine, comparing the ripple effects from the conflict to an “earthquake.” “The economic effects of the war are spreading far and wide,” the organization said in its latest