CNN-Business-Consumer Archives

These business owners survived Covid. Now gas prices are surging

March 10, 2022 9:12 AM CNN Newsource

By Alicia Wallace, CNN Business Earth & Sky Floral Designs, located on the Laguna Pueblo reservation in New Mexico, is the only florist for…

Amazon and Alphabet could give the Dow a 21st century facelift

March 10, 2022 9:11 AM CNN Newsource

By Paul R. La Monica, CNN Business Amazon and Google owner Alphabet are two of the most dominant companies on Earth. Each is worth more than $1…

Mortgages rates are on the rise again amid inflation fears

March 10, 2022 8:36 AM CNN Newsource

By Anna Bahney, CNN Business Mortgage rates are rising again amid fears of soaring inflation. The 30-year fixed-rate mortgage averaged 3.85% in the…

Goldman Sachs and JPMorgan are getting out of Russia

March 10, 2022 7:40 AM CNN Newsource

By Matt Egan, CNN Business Goldman Sachs is exiting Russia, becoming the first major Wall Street bank to announce plans to do so after the invasion…

Peloton is testing a new rental model

March 10, 2022 7:04 AM CNN Newsource

By Jordan Valinsky, CNN Business Peloton is testing a new rental model, marking the fitness company’s first significant strategy change under…

Fool’s gold or safe haven? War puts bitcoin to the test

March 10, 2022 6:43 AM CNN Newsource

By Julia Horowitz, CNN Business Advocates of bitcoin have long claimed that the cryptocurrency has much in common with gold. They envision a world in…

Key inflation measure jumps to highest level since January 1982

March 10, 2022 6:32 AM CNN Newsource

By Anneken Tappe, CNN Business Prices kept rising last month in America, pushing a key inflation measure to a level not seen since January 1982. The…

An election in India’s most populous state pits Covid-19 anger against Hindu nationalism

March 9, 2022 7:04 PM CNN Newsource

By Rhea Mogul, Vedika Sud, Arpit Goel and Vijay Bedi, CNN Ritesh Mishra vowed to care for the dead, even if it meant risking his own life last year…

Analysis: Russia and QAnon have the same false conspiracy theory about Ukraine

March 9, 2022 5:47 PM CNN Newsource

By Donie O’Sullivan, CNN Business A new conspiracy theory has become popular among some of the online communities that formed around QAnon…

Amazon’s stock is about to get much, much cheaper

March 9, 2022 4:29 PM CNN Newsource

By David Goldman, CNN Business Amazon shares are about to get 20 times less expensive. The company announced Wednesday its board approved a 20-for-1…

‘Obi-Wan Kenobi’ trailer brings Star Wars’ iconic Jedi to Disney+

March 9, 2022 2:23 PM CNN Newsource

By Frank Pallotta, CNN Business “Hello there.” That’s what Star Wars fans were saying about the first look at Disney+’s…

Disney CEO says he will meet with Ron DeSantis to oppose ‘Don’t Say Gay’ bill

March 9, 2022 1:30 PM CNN Newsource

By Frank Pallotta, CNN Business Bob Chapek, Disney’s CEO, was criticized Monday for speaking out about — but not directly condemning —…

First sign of oil price relief: UAE says it wants OPEC to increase production

March 9, 2022 11:58 AM CNN Newsource

By David Goldman and Becky Anderson, CNN Business The oil market has been stretched incredibly thin, with few producers willing — or able — to…

WarnerMedia and Discovery join the stampede of businesses leaving Russia

March 9, 2022 11:58 AM CNN Newsource

By Brian Stelter, CNN Business Major media companies continue to join the exodus from Russia, with Discovery and WarnerMedia making announcements on…

For big American banks, Powell matters more than Putin

March 9, 2022 11:53 AM CNN Newsource

By Paul R. La Monica, CNN Business American and European businesses are rapidly distancing themselves from Russia in the wake of its invasion of…

Volkswagen’s bus is finally back. And now it’s electric

March 9, 2022 11:22 AM CNN Newsource

By Peter Valdes-Dapena, CNN Business It’s been promised for years. Now it’s finally here. Volkswagen has unveiled the production version…

Charles Entenmann, builder of the baked goods empire, has died

March 9, 2022 10:35 AM CNN Newsource

By Jordan Valinsky, CNN Business Charles Entenmann, who helped to turn his family’s bakery into a baked goods behemoth, died recently,…

As home values soar, the wealth gap grows

March 9, 2022 10:30 AM CNN Newsource

By Anna Bahney, CNN Business Homeowners saw massive increases in wealth over the past decade, but most of the gains went to the wealthiest US…

Why this tax season is extra frustrating

March 9, 2022 9:31 AM CNN Newsource

By Jeanne Sahadi, CNN Business Confusion. Amnesia. New paperwork. Delays getting through to the IRS. These are some of the top pandemic-induced…

Disney shows off its post-Iger politics

March 9, 2022 9:05 AM CNN Newsource

By Frank Pallotta, CNN Business Disney’s CEO transition from Bob Iger to Bob Chapek marked a shift from an outspoken, famous CEO with political…

No end to the worker shortage: America had 11.3 million jobs available in January

March 9, 2022 8:39 AM CNN Newsource

By Anneken Tappe, CNN Business America’s worker shortage is far from over: In January, the nation had 11.3 million jobs to fill and not enough…

The world may be facing one of the largest energy shocks ever, Goldman Sachs says

March 9, 2022 8:23 AM CNN Newsource

By Matt Egan, CNN Business Russia’s invasion of Ukraine and the West’s crackdown on Moscow has left the world economy exposed to an epic…

Dow jumps more than 650 points as stocks end four-day losing streak

March 9, 2022 8:10 AM CNN Newsource

By Paul R. La Monica, CNN Business Stocks surged Wednesday, snapping a four-day losing streak, as investors celebrated a drop in crude oil prices.…

Soaring gas prices are hurting Americans. It’s time for more stimulus checks

March 9, 2022 7:54 AM CNN Newsource

Opinion by Mark Wolfe for CNN Business Perspectives Rising inflation is hitting all sectors of the economy. The overall rate of inflation on an…

Investors nervously wait for Putin’s next move

March 9, 2022 6:39 AM CNN Newsource

By Julia Horowitz, CNN Business Oil prices are pulling back and stocks are jumping higher as investors take a beat to consider what Russian President…

How Putin ‘destroyed’ the ruble and brought Russia to the brink of default

March 9, 2022 6:12 AM CNN Newsource

By Charles Riley, CNN Business Russia has banned its citizens from buying US dollars, completing the isolation of an economy that once had ambitions…

‘It’s a tragedy we are witnessing’

March 9, 2022 6:00 AM CNN Newsource

By Jill Dougherty, for CNN A week after Russia invaded Ukraine, the staff of Russia’s last independent TV channel, TV Rain, also known as…

Joe Biden orders study of cryptocurrency risks and a digital dollar

March 9, 2022 5:36 AM CNN Newsource

By Betsy Klein, CNN Business President Joe Biden will sign an executive order Wednesday establishing the first-ever federal strategy on…

IHOP launches loyalty program

March 9, 2022 5:32 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business The International House of Pancakes is opening a bank. A pancake bank. That’s the concept for the…

Why US gas prices are at a record and why they’ll stay high for a long time

March 9, 2022 5:08 AM CNN Newsource

By Chris Isidore, CNN Business Russia’s invasion of Ukraine is a major reason that US drivers are paying record prices for gasoline. But…