Month: November 2023

By Peter Valdes-Dapena, CNN (CNN) — Oil and gas company BP has agreed to purchase $100 million worth of electric vehicle chargers from Tesla. This marks the first time Tesla has ever sold chargers to another company, according to an announcement from BP. BP will begin installing the chargers next year, but no specific number

By Bryan Mena, CNN Washington, DC (CNN) — Americans’ moods soured this month, largely due to a wobbly stock market. The University of Michigan’s latest consumer survey showed that sentiment declined 6% this month, according to a final reading released Friday, though sentiment is 6.5% better than it was a year ago. The survey also showed

By Diksha Madhok, CNN New Delhi (CNN) — One of India’s most revered entrepreneurs believes that young people need to put in exceptionally long hours at work if they want to see the country become a global economic powerhouse. N.R. Narayana Murthy, co-founder of the software behemoth Infosys, said India needs “highly determined, extremely disciplined

By Danielle Wiener-Bronner, CNN New York (CNN) — Love it or hate it, candy corn season is upon us. Everyone has an opinion on candy corn: Some love the treat, either as a sugary indulgence or a marker of the fall season. Others wonder why you would waste your time on candy corn, which they

By Krystal Hur, CNN New York (CNN) — Stocks surged Monday as investors looked to the Federal Reserve’s next meeting and a slate of economic and corporate news due this week. The Dow jumped 511 points, or 1.6%. The S&P 500 added 1.2% and the Nasdaq Composite rose 1.2%. The S&P 500 index closed last

By Parija Kavilanz, CNN New York (CNN) — Walmart unveiled over a hundred revamped stores on Monday that have been recalibrated to pull in more customers and keep them in stores for longer, too. The aim is to get them to shop at Walmart for things other than staples like groceries and everyday necessities. During

By Nicole Goodkind and Eva Rothenberg, CNN New York (CNN) — Employees at some of the largest drugstore chains in the United States staged a new series of walkouts across the country Monday to demand the companies fix what employees say are harsh working conditions that make it difficult for them to safely fill prescriptions,

By Brian Fung, CNN Washington (CNN) — When the Federal Trade Commission and 17 states sued Amazon for antitrust violations this fall, a heavily redacted portion of the lawsuit referenced “Project Nessie,” a secret algorithmic pricing tool. The complaint offered few details on the program aside from disclosing its existence. Now, however, a newly unsealed

By Elisabeth Buchwald, CNN New York (CNN) — Americans are losing confidence about the economic outlook. For the third month in a row, the Conference Board’s Consumer Confidence Index fell — dropping to 102.6 in October from an upwardly revised 104.3 in September. The index is at its second-lowest level this year, landing a hair

By Bryan Mena, CNN Washington, DC (CNN) — Total compensation paid to US workers grew at a faster pace than expected last quarter, pointing to ongoing momentum in the job market. The Employment Cost Index rose 1.1% in the third quarter, the Labor Department reported Tuesday. That’s a faster pace than the 1% gain registered

By Jeanne Sahadi, CNN New York (CNN) — As part of its ongoing effort to make it easier for Americans to amass retirement savings and protect consumers from having to pay “junk” fees, the Biden Administration on Tuesday released a proposed rule that would require any financial adviser, broker or insurance agent who sells retirement

By Elisabeth Buchwald, CNN Washington, DC (CNN) — A Missouri jury on Tuesday found the National Association of Realtors, a real estate industry trade group, and some residential brokerages liable for nearly $1.8 billion in damages after determining they conspired to keep commissions for home sales artificially high. The lawsuit covered home sales that took