CNN – Business/Consumer

Boxed CEO Chieh Huang announces the online bulk grocery courier will go public in a $887 million SPAC deal as the delivery demand continues to surge.

By Alexis Benveniste, CNN Business Online grocery shopping is hotter than ever, and Boxed is cashing in: It’s going public in an $887 million deal with a special purpose acquisition company. Boxed, which was founded in 2013 and has 7 million users, delivers wholesale grocery and bulk items to consumers and businesses across the country.

By Matt Egan, CNN Business Corporate America must be compelled to fess up about the financial risks posed by the climate crisis, a coalition of state attorneys general told the Securities and Exchange Commission on Monday. In a comment letter obtained exclusively by CNN Business, California and nearly a dozen other states warn that the

By Paul R. La Monica, CNN Business Cannabis company Tilray, which recently merged with rival Aphria, has seen its stock surge as of late thanks to — you guessed it — love from the Reddit crowd. As backers tout the growing number of states legalizing recreational and medical marijuana, some investors are holding out for

The price of bitcoin surged after Tesla CEO Elon Musk announced the company would start accepting the cryptocurrency again once at least half of it can be mined using clean energy. CNN’s Clare Sebastian reports.

By Paul R. La Monica, CNN Business The news just keeps getting worse for Lordstown Motors. The troubled electric truck maker said Monday that its CEO and chief financial officer were stepping down — just one week after warning that the company could go out of business. Shares of Lordstown plunged nearly 20% in early

By Julia Horowitz, CNN Business Air travel in the United States is back. That’s great news for airline stocks, which have rallied this year on hopes that domestic trips would make a return. What’s happening: The Transportation Security Administration said over the weekend that it screened more than 2 million passengers on Friday — the

By Jordan Valinsky, CNN Business Washington Prime Group, a major mall owner of more than 100 locations across the United States, filed for bankruptcy, citing pandemic-related shutdowns. The Columbus, Ohio-based company filed for Chapter 11 late Sunday, saying Covid-19 “created significant challenges” and that the move is “necessary.” Washington Prime secured $100 million in new

By Blake Ellis and Melanie Hicken, CNN The federal agency responsible for overseeing consumer product safety is investigating Amazon-branded electronic products highlighted in a CNN investigation last year, according to records and interviews. CNN reported last year that dozens of AmazonBasics electronics remained for sale on Amazon.com, despite customers reporting the products had melted, exploded

World leaders attending the G7 summit issued a final communique that confronted China on just about every sore spot, from human rights abuses to a push for a renewed independent investigation into the origins of Covid-19. They also promoted an alternative infrastructure plan to counter China’s influence. CNN’s Ivan Watson reports.

By Nectar Gan, Jill Disis and Ben Westcott, CNN Business Editor’s note: CNN will be launching the Meanwhile in China newsletter on June 21, a three-times-a-week update exploring what you need to know about the country’s rise and how it impacts the world. Sign up here. United States President Joe Biden’s plan to unite Washington’s

Brian Stelter asks CNN Washington bureau chief Sam Feist what he wants to hear at an upcoming meeting with Attorney General Merrick Garland. Feist says news execs want more specifics about Trump-era spying and more protections for journalists doing their jobs. “The most important goal,” he says, “is to prevent this from happening in the future, not just by the Biden administration, but by future administrations.”

By Chauncey Alcorn, CNN Business Leaders from CNN, The New York Times and The Washington Post will meet with US Attorney General Merrick Garland on Monday to discuss former President Trump’s controversial White House leak investigation into reporter records from all three media outlets. The planned meeting comes more than a week after The New

By Chauncey Alcorn, CNN Business E3 2021 rolled into its second day Sunday with Microsoft and Bethesda making their highly anticipated joint showcase debut, nine months after their $7.5 billion acquisition deal was announced. Bethesda, maker of the critically acclaimed “Elder Scrolls,” “Fallout” and “Doom” gaming franchises, was one of the largest privately held video

By Frank Pallotta, CNN Business “In the Heights” did not reach the box office heights some thought it would. The film, which is based on Lin-Manuel Miranda’s Tony Award-winning 2008 musical and immerses viewers in New York’s vibrant Washington Heights neighborhood, brought in an estimated $11.4 million for its opening in North America this weekend,

By Paul R. La Monica, CNN Business There is a gigantic disconnect between Main Street and Wall Street when it comes to inflation. Something’s got to give. The US government reported last week that consumer prices, excluding food and energy, rose at their fastest clip since 1992 in May. Sherwin-Williams is lifting the price of