CNN – Business/Consumer

By Ramishah Maruf and Aishwarya Iyer, CNN New York/New Delhi (CNN) — Indian billionaire Gautam Adani and other executives were indicted in New York on Wednesday by US prosecutors for their alleged roles in a yearslong, multi-million-dollar bribery and fraud scheme involving plans to develop a major solar power plant. The Department of Justice (DOJ)

By Hanna Ziady, CNN London (CNN) — Ford plans to cut almost 4,000 jobs in Europe over the next three years, about 14% of its workforce in the region, as the carmaker faces slowing demand for electric vehicles and rising competition from China. The US company said Wednesday that the cuts would be completed by

By Jordan Valinsky, CNN New York (CNN) — A machine is giving McDonald’s a headache, and this time it’s not the one that makes ice cream. Customers wanting to order an iced latte or a cappuccino are out of luck at some McDonald’s US locations because the espresso machine that makes its fancy McCafé drinks

By Jordan Valinsky, CNN New York (CNN) — Sheetz, the gas station and convenience store chain, is slashing prices at some of its pumps ahead of the busy Thanksgiving travel period. Effective immediately, the price of its Unleaded 88 is being reduced by 40 cents per gallon. The deal lasts until the end of November

By Nathaniel Meyersohn, CNN New York (CNN) — Target is expecting a surprisingly weak holiday shopping season, a potential warning sign for the retail industry. The company forecast Wednesday that sales during the final quarter of the year will be flat, and Target lowered its profit forecast. Target also reported a sluggish sales increase of

By Hanna Ziady, CNN London (CNN) — Milan’s Via Monte Napoleone has beat out New York’s Fifth Avenue to become the world’s most expensive shopping street, marking the first time a European city has topped the rankings. Rents on the street, situated in the heart of Italy’s financial capital, jumped 11% over the past 12

By Chris Isidore, CNN New York (CNN) — Elon Musk is the world’s richest person partly due to his companies’ impressive innovations. But his wealth is also due to government contracts and programs that affected his two main businesses – electric vehicles and space travel. Now President-elect Donald Trump has tasked the Tesla and SpaceX

By Vanessa Yurkevich, CNN (CNN) — Thanksgiving dinner will cost less this year than last but will still be 19% higher than before the pandemic, according to the American Farm Bureau Federation’s annual Thanksgiving survey out Wednesday. The average cost of this year’s dinner for 10 people is $58.08, or about $5.80 per person, the

By Brian Stelter, CNN New York (CNN) — Comcast is planning to spin off most of its cable television networks, including MSNBC and CNBC, into a separate publicly traded company, according to executives with knowledge of the plan. The spinoff is expected to be formally announced on Wednesday. The Wall Street Journal, which first reported

By Hadas Gold, CNN New York (CNN) — Conspiracy theorist Alex Jones has sued a court-appointed bankruptcy trustee and the families of some of the Sandy Hook victims in an attempt to stop the sale of his media empire Infowars to the satirical news outlet The Onion. In a lawsuit filed Monday in the US

By Jordan Valinsky, CNN New York (CNN) — Jaguar has unveiled a new logo that emphasizes its posh British pronunciation as it transitions into a “new era” that emphasizes its upcoming all-electric vehicle lineup. The 102-year-old luxury automaker is replacing its former logo, resplendent in all capital letters, with a new one that is supposed

By Jordan Valinsky, CNN New York (CNN) — Delta Air Lines’ newest dining option for first class passengers isn’t anything fancy. In fact, it’s the exact opposite, because it’s fast food. The airline announced a “first-of-its-kind partnership” with Shake Shack to serve the chain’s cheeseburgers in first class on long-distance domestic flights beginning December 1

By Matt Egan, CNN (CNN) — Markets shook off any concern Tuesday about rising tensions between Russia and the United States. The Dow ended the day down by 120 points, or 0.28%, after a volatile start. The blue-chip index dropped about 450 points shortly after the opening bell but swiftly rebounded. The S&P 500 and

By Jordan Valinsky, CNN New York (CNN) — Jersey Mike’s Subs is selling a significant stake to private equity giant Blackstone, ending its nearly seven-decade run as an independently owned business that transformed into a major competitor against well-entrenched brands like Subway. Blackstone announced Tuesday that it has acquired a “majority ownership position” in Jersey

By Nathaniel Meyersohn, CNN New York (CNN) — Walmart’s business is surging. Customers making more than $100,000 a year are fueling the growth. Walmart’s US sales at stores open for at least a year grew 5.3% last quarter compared with the year prior, the company said Tuesday, and its profit grew 8.2% last quarter. Walmart

By Auzinea Bacon and John Towfighi, CNN New York (CNN) — A banana duct-taped to a wall first sold in 2019 for $120,000. It could fetch up to $1.5 million this week during a Sotheby’s auction. More than 1,600 auction lots this week are estimated to fetch more than $1 billion — including Maurizio Cattelan’s

By Liam Reilly, CNN New York (CNN) — Young American adults are increasingly getting their news from social media influencers, a majority of whom are men and lean to the right, according to a new study from the Pew Research Center. While one-fifth of US adults reported “regularly” receiving their news from online “news influencers”

By Brian Stelter, CNN New York (CNN) — The news was so shocking that some “Morning Joe” viewers probably spit out their coffee. MSNBC co-hosts Joe Scarborough and Mika Brzezinski “went to Mar-a-Lago to meet personally” with President-elect Donald Trump, Brzezinski revealed at the beginning of Monday’s show. The Friday rendezvous was “the first time