CNN – Business/Consumer

By Laura He, CNN Business Chinese President Xi Jinping this week issued a bold new pledge to redistribute wealth in the country, piling more pressure on the country’s richest citizens and businesses. Xi told top leaders from the ruling Chinese Communist Party on Tuesday that the government must establish a system to redistribute wealth in

By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. As US government officials prepare to brief the public about Covid-19 vaccine booster shots, there is an emerging consensus coming from influential corners of the national news media: people should

By Peter Valdes-Dapena, CNN Business Nissan unveiled the redesigned 2023 Nissan Z sports car Tuesday night, a somewhat retro-styled model the company hopes will continue the brand’s turnaround after the turmoil of the last few years. Nissan had been dealing with struggling sales due to an aging lineup and the arrest of its chairman, Carlos

By Chauncey Alcorn, CNN Business Serena Williams is pairing up with Nike to try to bring more people of color into the world of fashion design. On Tuesday, the 39-year-old tennis legend joined Nike in unveiling a collection of women’s athleisure wear and accessories, created by a group of 10 up-and-coming designers known as the

By Matt Egan, CNN Business Fintech lenders helped speed the delivery of forgivable government loans to small businesses crushed by the pandemic. But these tech-savvy lenders may also have opened the door to widespread fraud and misuse of taxpayer money. Fintechs are almost five times more likely than traditional banks to have made “highly suspicious”

By Nathaniel Meyersohn, CNN Business The jobs that major chains in the United States are having the most trouble filling right now aren’t inside their stores ringing up customers and stocking shelves. They’re at their warehouses selecting items, packing boxes and loading trucks. Amazon, Walmart, Dollar Tree and other retailers are dangling wage hikes, signing

By Chris Isidore, CNN Business As General Motors and Ford work to develop self-driving vehicles, their lawyers are busy battling over what they should be allowed to call the technology. Late last month, GM filed a trademark infringement case to block Ford from using the name “BlueCruise” for its soon-to-be-released hands-free driving feature. Ford says

By Brian Stelter, CNN Business Poppy Harlow’s father taught her to love the law profession. “As a little girl,” the CNN anchor recalled, “I would sit with him at the kitchen table and he would take apart a camera or a printer and say ‘Look, Poppy, this is where they infringed a patent.’ ‘This is

By Paul R. La Monica, CNN Business Apple, Google and other big companies around the world are continuing to add to their massive piles of cash, a sign that corporations are increasingly nervous about how the highly contagious Delta variant of Covid-19 could damage the global economy. The world’s largest nonfinancial companies had a record

Opinion by Brian Doubles for CNN Business Perspectives I was wrong. Before the pandemic, I never would have thought remote work was a viable option for Synchrony’s entire workforce. There were too many potential complications: technology challenges, productivity issues, inertia. But then we went ahead and did it. As the crisis worsened last year, we

By Anneken Tappe, CNN Business US stocks hit record highs Monday, surging 100% from the lows they hit at the start of the pandemic. Then Tuesday happened. A widely anticipated retail sales report showed the Delta variant is putting a damper on American consumer spending. That dragged an already lackluster market further into the red

By Kerry Flynn, CNN Business A new class of media executives who have taken top jobs at major publications in the US in the last year is much different than any that came before it. Notably, the class is not made up of predominantly White men. In fact, the cohort includes many firsts. For the

By Anneken Tappe, CNN Business Americans shopped less than expected last month as the Delta variant swept across the country, fueling concerns that the pandemic might once again weigh on consumer spending and the economic recovery. Sales declined by 1.1% in July adjusted for seasonal swings, the Census Bureau showed Tuesday. It was a steeper

By Paul R. La Monica, CNN Business Home Depot has thrived in the red-hot housing market, but there are growing signs that demand is finally starting to cool. Although Home Depot’s second-quarter earnings and revenue topped forecasts on Tuesday morning, a few stats were concerning: For example, same-store sales growth, which measures how well locations

By Jordan Valinsky, CNN Business McDonald’s is adding to its year-old bakery item selection with the introduction of a new glazed donut. The new sweet treat hits menus at its United States restaurants beginning on September 1 for a limited time. McDonald’s said the donut is coated in a sweet glaze that tears apart to

By Hanna Ziady, CNN Business Job vacancies in the United Kingdom hit a record high last month and wages soared by 7.4% between April and June, adding to fears of a prolonged period of rising prices as companies pass on higher costs to consumers. The strong recovery in the labor market was highlighted in data

By Laura He, CNN Business China’s biggest tech companies lost more than $50 billion in market value Tuesday after the government proposed sweeping new rules to further curb anti-competitive behavior among big internet firms. The latest effort to clamp down on the sector comes from the State Administration for Market Regulation (SAMR), which has spearheaded