CNN – Business/Consumer

By Brian Fung, CNN (CNN) — A widespread Reddit blackout affecting some of the site’s largest communities has continued into its third day with no signs of stopping, as a number of groups on the site vowed to remain closed off indefinitely to protest changes to the platform’s data policies. As of Wednesday afternoon, more

By Anna Cooban, CNN London (CNN) — Existing and aspiring UK homeowners are bracing for a fresh wave of misery as a rise in benchmark borrowing costs threatens to push up monthly mortgage payments. The yield on the country’s two-year government bonds — which is used to set interest rates on mortgages — jumped to

By Brian Fung, CNN (CNN) — Five US senators are set to reintroduce legislation Wednesday that would block companies including TikTok from transferring Americans’ personal data to countries such as China, as part of a proposed broadening of US export controls. The bipartisan bill led by Oregon Democratic Sen. Ron Wyden and Wyoming Republican Sen.

By Alicia Wallace, CNN Minneapolis (CNN) — US inflation at the wholesale level has cooled once again, this time landing well below its pre-pandemic average. The Producer Price Index showed that annual price increases seen by producers measured 1.1% for the 12 months ended in May, easing sharply from the 2.3% bump recorded in April,

By Brian Fung, CNN Washington (CNN) — Google’s advertising business should be broken up, European Union officials said Wednesday, alleging that the tech giant’s involvement in multiple parts of the digital advertising supply chain creates “inherent conflicts of interest” that risk harming competition. The formal accusations mark the latest antitrust challenge to Google over its

By Jordan Valinsky, CNN New York (CNN) — America’s top-selling beer is no longer American. Modelo Especial, the Mexican lager brewed near Mexico City by Constellation Brands, became the top-selling beer in May, overthrowing Bud Light from the top spot it has held for more than two decades. The fall from the top further highlighted

By Jordan Valinsky, CNN New York (CNN) — Bored at work? Annoyed with your boss? You’re not alone. A new Gallup poll released Tuesday revealed that workers around the world are historically stressed, disengaged with their work and increasingly fighting with their bosses. Gallup’s “State of the Global Workplace 2023” examined how “employees feel about

By Chris Isidore, CNN New York (CNN) — Instant Brands, the maker of Instant Pot, Corelle, and Pyrex, among other products, has filed for bankruptcy. The Chapter 11 bankruptcy filing came on Monday. Chapter 11 bankruptcy allows for a reorganization of the company, rather than its liquidation in a Chapter 7 filing, The company blamed

By Catherine Thorbecke, CNN (CNN) — Elizabeth Holmes, the disgraced former Theranos CEO, has “limited financial means” and should not be forced to pay $250 a month to victims of her crimes after she is released from prison, her lawyers argued in a court filing on Monday. The move from Holmes’ attorneys comes after federal

By Danielle Wiener-Bronner, CNN New York (CNN) — US grocery prices ticked up in May after dipping in March and April. Inflation in America continued to fall significantly, but rising prices at the supermarket is unwelcome news to those struggling to pay for food. From April to May, adjusted for seasonal swings, grocery prices got

By Clare Duffy, CNN New York (CNN) — When Tim Cook took over as Apple CEO from Steve Jobs nearly 12 years ago, some thought the company was already at its peak. Under Cook, however, Apple’s market cap has surged by more than 700% to nearly $3 trillion. Its iPhone business has continued to be