CNN-Business-Consumer

By Paul R. La Monica, CNN Business Movie theater chain and meme stock favorite AMC has taken several steps of late to diversify beyond its core business. The company has recently gotten into cryptos and NFTs and also plans to sell its own popcorn brand at retail stores. And in another unconventional move, AMC is

By David Goldman, CNN Business A Russian state television journalist who protested the invasion of Ukraine during a live news broadcast was found guilty Tuesday of organizing an “unauthorized public event.” A district court in Moscow said in a statement that Marina Ovsyannikova, an editor at Channel One, had been found guilty of the “administrative

By Anneken Tappe, CNN Business Prices kept rising in February as another key inflation gauge soared and hit double digits. The US producer price index, which tracks what America’s producers get paid for their goods and services on average over time, rose 10% for the 12-month period ended in February, not adjusted for seasonal swings,

By Anneken Tappe, CNN Business Americans have watched prices for everything from diapers to gas go up over the past year. So far, they have kept reaching for their wallets. But what happens when they reach their breaking point? The pandemic and the supply chain crisis have pushed the cost of virtually everything higher. Food

By Paul R. La Monica, CNN Business For many years, the world’s most popular emerging markets have been the so-called BRICS: Brazil, Russia, India, China and South Africa. But given that Russia is no longer a market that Westerners can access following the invasion of Ukraine, it might be time for investors to stop lumping

By Paul P. Murphy, CNN In a bold protest against the invasion of Ukraine, a Russian state television journalist interrupted a live news broadcast Monday, holding a sign that said, “NO WAR.” Marina Ovsyannikova, an editor at Channel One, stood behind a news anchor on air with a poster board sign written in English and

By Rhea Mogul and Swati Gupta, CNN An Indian high court has upheld a ban on the wearing of hijabs or headscarves in educational institutes in Karnataka state, weeks after religious clashes erupted over the right to wear the Islamic garment in schools. The state’s top court on Tuesday ruled that the hijab was not

By Laura He, CNN Business China’s economy started the year on a bright note, with several major indicators beating forecasts. But as Covid cases in the country spike, keeping up the same pace of growth in the coming months may prove difficult. Retail sales rose 6.7% in the first two months of 2022 compared to

By Chris Isidore, CNN Business The auto industry has a saying: You can’t build a car with 99% of the parts. But the computer chip shortage is proving that adage wrong. Ford will begin shipping Explorer SUVs without all of its chips to address the tight inventory of vehicles available for sale at dealerships. The

By Matt McFarland, CNN Business Ben Morris bought his Tesla in 2020 believing that it would drive itself one day. Now he says he would settle for continuing to feel safe using its cruise control. Morris is one of hundreds of Tesla owners claiming that the automaker’s cruise control has deteriorated and turned dangerous in

By Jeanne Sahadi, CNN Business Climate change. Inequality. Unrest. There’s a lot to consider in today’s world and you may find yourself wanting to invest only in companies that aim to do business in an environmentally sustainable, socially equitable and ethical way. Or, maybe you just want to invest in companies that are taking steps

By Matt Egan, CNN Business Citigroup, the major US bank with the biggest footprint in Russia, said Monday it will expand its exit from Russia to go beyond the long-planned sale of its consumer bank there. Citi said in a statement it has decided to “expand the scope” of its exit process to include “other

By Michelle Toh and Lizzy Yee, CNN Business Maria was just about to start a new job as a domestic worker in Hong Kong last month when she found out she had Covid-19. She immediately told her employer, who urged her to get to a hospital. But once she was there, she said she was

By Joe Sutton, CNN A number of high-powered global businesses called on Texas Governor Greg Abbott (R) to abandon the state’s anti-LGBTQ+ initiatives. Sixty-five companies including Apple, Capital One, Google, Ikea, Johnson & Johnson, LinkedIn, Macy’s, Microsoft, PayPal, and Yahoo signed the open letter. “Discrimination is bad for business” the headline read in an advertisement

By Anneken Tappe, CNN Business The Federal Reserve is going to try to hike interest rates without pushing the world’s biggest economy into recession. Russia’s war in Ukraine will make its balancing act more difficult. With inflation running near 8%, the US central bank can’t afford to wait any longer to start raise rates from