This is why American companies still want to be in China
By Julia Horowitz, CNN Business It’s difficult for American companies to operate in China. But the latest data on the country’s economy…
Continue ReadingBiz/Tech
The UK has a new $33 billion tech giant
By Charles Riley, CNN Business There’s a new super-unicorn in the United Kingdom. Revolut has been valued at $33 billion in a new fundraising…
Continue Reading Mastercard has been banned from issuing new cards in India
By Michelle Toh, CNN Business Mastercard has been ordered to stop taking new customers in India, as authorities there say it violated the…
Continue Reading India is bombarding Twitter with user data requests and demands to remove content
By Diksha Madhok, CNN Business Twitter is under enormous pressure in India this year. But even before the country rolled out strict new rules for…
Continue Reading Experts say China’s economy is losing steam. Here’s why
China’s economy is still growing but the pace of its recovery slowed in the second quarter of 2021 as the country dealt with surging commodity prices…
Continue Reading Johnson and Johnson recalls some Neutrogena and Aveeno sunscreens after it detects benzene in them
By Rob McLean, CNN Business Johnson & Johnson is issuing a voluntary recall for five Neutrogena and Aveeno sunscreen lines in the United States…
Continue Reading China’s economy is still growing. But the recovery is slowing down
By Laura He, CNN Business China’s economy is still growing, but the pace of its recovery slowed in the second quarter as the country contended…
Continue Reading
Fed Chair: Inflation likely to remain elevated in coming months
Federal Reserve Chair Jerome Powell testifies before Congress and explains that inflation will remain elevated for the next six months. CNN’s Clare…
Continue Reading The gulf between what you and your boss make is getting wider
By Allison Morrow, CNN Business Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your…
Continue Reading NHTSA warns of fire hazard with certain Chevy Bolt EVs
By Rob McLean, CNN Business The National Highway Traffic Safety Administration is recommending owners of certain Chevy Bolt EVs park their cars…
Continue Reading As airlines flirt with profitability, analysts say it’s time for investors to climb aboard
By Chris Isidore, CNN Business The US airlines reported yet another round of quarterly losses. It could very well be their last, as vaccine rates…
Continue Reading Twitter’s disappearing Snapchat clone… disappears
By Clare Duffy, CNN Business Most major social media platforms have tried a version of Snapchat’s Stories, but Twitter is the first to admit…
Continue Reading There’s only one left of this popular toy. It’s going for $28,000
By Parija Kavilanz, CNN Business Here’s one example of how pretty much everything is getting more expensive: A toy that used to cost $25 is now…
Continue Reading Biden’s executive order takes on right-to-repair. It could make fixing your smartphone easier
By Clare Duffy, CNN Business Your smartphone breaks. The repair costs too much money. So you give up and buy a new device. That this happens so often…
Continue Reading There could be a digital euro by the middle of the decade
By Julia Horowitz, CNN Business The European Central Bank is moving ahead with efforts to create a digital version of the euro as the use of cash…
Continue Reading Facebook seeks FTC Chair Lina Khan’s recusal from anti-monopoly case
By Brian Fung, CNN Business Facebook said Wednesday that recently appointed Federal Trade Commission Chair Lina Khan should recuse herself from all…
Continue Reading Europe aims to kill gasoline and diesel cars by 2035
By Charles Riley, CNN Business The European Union has announced plans to end the sale of polluting vehicles by 2035, an ambitious goal that would put…
Continue Reading CEOs made 299 times more than their average workers last year
By Moira Ritter, CNN Business The difference between CEO and median employee pay grew in 2020 despite the Covid pandemic and ongoing relief efforts.…
Continue Reading Restaurants say inflation could force them out of business without federal help
By Chauncey Alcorn, CNN Business Restaurant owners can add the rising cost of food to their growing list of challenges. Inflation is on the rise…
Continue Reading Surging prices: Key measure of inflation posts biggest 12-month jump on record
By Chris Isidore, CNN Business US wholesale prices posted the biggest 12-month increase on record. That’s the bad news. But the US economy…
Continue Reading Fitch warns US politics could hurt credit rating
Fitch Ratings said that governance is a “weakness” for the United States, specifically citing the January 6 insurrection and ongoing efforts to curb…
Continue Reading Why inflation may not go away anytime soon
By Matt Egan, CNN Business America’s finance chiefs don’t think inflation will go away overnight. Chief financial officers, on average,…
Continue Reading Inflation is running hot. What comes next matters most
By Julia Horowitz, CNN Business US prices continue to march higher, triggering concerns among economists, policymakers and business leaders about the…
Continue Reading Which billionaire is winning the space race? It depends
By Jackie Wattles, CNN Business Jeff Bezos, Elon Musk and Richard Branson have a combined net worth of $400 billion, roughly the size of the GDP of…
Continue Reading Space tourism won’t be affordable for the masses any time soon
By Chris Isidore, CNN Business Billionaires Richard Branson and Jeff Bezos are ready start offering trips to outer space. But only other billionaires…
Continue Reading Amazon is helping a Chinese upstart make a comeback in India after its app was banned
By Michelle Toh, CNN Business Shein, a fast fashion website that has emerged as a fierce competitor to Zara, is making its return to India —…
Continue Reading Zomato is raising $1.3 billion in India’s biggest tech IPO
By Diksha Madhok, CNN Business India’s biggest tech IPO is here. Food delivery startup Zomato is looking to raise almost $1.3 billion this week…
Continue Reading Fox airs infotainment instead of Biden’s speech on voting rights
By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
Continue Reading CNN analyst on Biden’s speech: Oratory was brilliant, but he didn’t mention this …
In Pennsylvania, President Joe Biden spoke about voting restrictions pushed by Republican lawmakers as Biden urges Congress to pass federal voting…
Continue Reading Everything’s expensive. Don’t panic
By Allison Morrow, CNN Business Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your…
Continue Reading