CNN – Business/Consumer

By Nicole Goodkind, CNN New York (CNN) — Bulls and bears have always engaged in battle on Wall Street. But both sides are becoming more extreme, and the divide between so-called “bulls” and “bears” — optimistic investors who forecast rising stock prices and pessimistic investors who expect declining stock prices — is growing wider. In

By Hanna Ziady and Mariya Knight, CNN London/Atlanta (CNN) — Moscow has seized control of the Russian subsidiaries of French yogurt maker Danone and Danish brewer Carlsberg, highlighting risks facing foreign firms that continue to do business in the country. In a decree signed by Russian President Vladimir Putin Sunday, foreign-owned stakes in Danone’s Russia

By Larry Madowo, CNN Nairobi, Kenya (CNN) — Former employees of Twitter Africa who were laid off as part of a global cost-cutting measure after Elon Musk’s acquisition have not received any severance pay more than seven months since leaving the company, several sources told CNN. In late May, the former employees, who were based

By Laura He, CNN Hong Kong (CNN) — China’s economic recovery continued to lose steam in the second quarter of 2023, prompting urgent calls for more stimulus from Beijing. The world’s second largest economy expanded by 6.3% in the April to June months from a low base a year ago, according to data released by

By Samantha Beech and Ramishah Maruf, CNN (CNN) — Major airports across the Northeast warned of significant flight delays and cancellations Sunday, as storms moved across the region and as all flights servicing the major airports around New York City and Boston faced ground stops at 1 p.m. Nationwide, over 1,450 flights were canceled as

CNN By Danielle Wiener-Bronner, CNN New York (CNN) — America’s age-old love affair with ice cream appears to be winding down. Consumption of regular dairy ice cream, which does not include frozen yogurt, sherbet or non- and low-fat ice creams, has been falling for years, according to the US Department of Agriculture. In 1986, the

By Brian Fung, CNN (CNN) — Microsoft (MSFT) has signed an agreement with Sony (SNE) to ensure “Call of Duty” remains available on PlayStation after Microsoft (MSFT) closes its $69 billion Activision Blizzard (ATVI) merger, the tech giant said Sunday. The agreement could resolve long-standing complaints by Sony that the merger — which aims to

By Nicole Goodkind, CNN New York (CNN) — The average American saved $5,011 last year. That means it would take them about 75 years to save up enough cash to send one child to a top-rated US university. College is really expensive. And it just keeps getting more expensive. The average tuition at US private

CNN By Nicole Goodkind, CNN New York (CNN) — The average American saved $5,011 last year. That means it would take them about 75 years to save up enough cash to send one child to a top-rated US university. College is really expensive. And it just keeps getting more expensive. The average tuition at US

By Alicia Wallace, CNN Minneapolis (CNN) — US wages have been on the rise, but it sure hasn’t felt like it. For more than two years, persistent and pervasive inflation has taken big bites out of Americans’ paychecks. That’s finally starting to change now that inflation is waning. In June, for the first time in

By Danielle Wiener-Bronner, CNN New York (CNN) — America’s age-old love affair with ice cream appears to be winding down. Consumption of regular dairy ice cream, which does not include frozen yogurt, sherbet or non- and low-fat ice creams, has been falling for years, according to the US Department of Agriculture. In 1986, the average

CNN By Ramishah Maruf, CNN New York (CNN) — Elon Musk disclosed on Twitter Saturday that, due to a 50% drop in advertising revenue and a “heavy debt load,” the platform still has a negative cash flow. The billionaire owner tweeted Saturday, in response to business advice from a follower, “Need to reach positive cash

By Ramishah Maruf, CNN New York (CNN) — United Airlines pilots, represented by the Air Line Pilots Association, reached a deal in principle with the airline, giving the pilots up to a 40% raise, the union confirmed to CNN Saturday. The deal has about $10 billion in value over the life of the contract, the

CNN, CNN, WSOC By Ramishah Maruf, CNN New York (CNN) — United Airlines pilots, represented by the Air Line Pilots Association, reached a deal in principle with the airline, giving the pilots up to a 40% raise, the union confirmed to CNN Saturday. The deal has about $10 billion in value over the life of

By Ramishah Maruf, CNN New York (CNN) — Elon Musk disclosed on Twitter Saturday that, due to a 50% drop in advertising revenue and a “heavy debt load,” the platform still has a negative cash flow. The billionaire owner tweeted Saturday, in response to business advice from a follower, “Need to reach positive cash flow

By Ramishah Maruf, CNN New York (CNN) — Tesla finally built its first Cybertruck, the company tweeted Saturday, two years behind schedule. The electric car company tweeted an image of workers in hard hats surrounding the sleek Cybertruck, which it said was built at its Gigafactory near Austin, Texas. Tesla revealed the prototype for the

By Elisabeth Buchwald, CNN New York (CNN) — Last week would have been an ideal week to go on vacation if you’re an economist or, ahem, an economics reporter. That’s because a boatload of new data was released that provided a lot more clarity on the state of the US economy. The new pieces of

by Ellie Stevens (CNN) — Midsummer is the peak of juicy peach season in the state of Georgia. But, recently, the Peach Cobbler Factory in Atlanta ran out of peaches and was forced to pivot to… apple cobbler. The Peach State lost more than 90% of this year’s crop after a February heat wave followed

By Anna Stewart and Anna Cooban, CNN London (CNN) — A rising number of British stores are using a facial recognition system powered by artificial intelligence to identify repeat shoplifters in what one human rights group has called the spread of “airport-style security” on the high street. Simon Gordon, founder of UK surveillance company Facewatch,

CNN By Anna Stewart and Anna Cooban, CNN London (CNN) — A rising number of British stores are using a facial recognition system powered by artificial intelligence to identify repeat shoplifters in what one human rights group has called the spread of “airport-style security” on the high street. Simon Gordon, founder of UK surveillance company