CNN – Business/Consumer

By Jordan Valinsky, CNN Beer distributors are largely sticking by Bud Light and its parent company, Anheuser-Busch, as controversy continues to embroil the brand. Two Instagram posts featuring transgender influencer Dylan Mulvaney earlier this month ignited fury from the right and hurt sales. The brewing giant met with wholesalers on Tuesday at the National Beer

By Nicole Goodkind, CNN Wall Street was able to breathe a sigh of relief on Tuesday as Google-parent company Alphabet and Microsoft both beat the market’s relatively modest earnings expectations. The companies saw big boosts from their search and cloud computing businesses. After a disastrous year for both stocks, the shares rebounded strongly in the

By Chris Isidore, CNN Losses continued to mount for Boeing, as the supply chain problems caused higher-than-expected losses. The company reported a loss of $1.27 per share, excluding special, one-off charges and gains. Although that was an improvement from the $2.75 a share it lost on that basis a year earlier, it marked the seventh-straight

By Elisabeth Buchwald, CNN A month ago, code blue sirens went off at banks across the globe after the collapse of Silicon Valley Bank and Signature Bank. As banks work to put that painful episode in the rear view mirror, it’s unclear if the situation has stabilized or if it’s the calm before another storm.

By Elle Reeve, CNN Crypto company Yuga Labs has won its claims of trademark infringement against artist Ryder Ripps who copied their NFTs in what he called a protest of their racially offensive imagery. Ripps and his legal team raised issues of celebrity endorsements, art, the First Amendment and what crypto really is as defenses

By Jennifer Korn and Krystal Hur, CNN Musician Ed Sheeran took the stand Tuesday in a high-profile copyright trial about whether his smash single “Thinking Out Loud” copied a classic Marvin Gaye song. Ben Crump, a lawyer representing the family of the co-writer for Gaye’s 1973 hit “Let’s Get It On,” said in his opening

By Parija Kavilanz, CNN It seems to be a turbulent time for retailers who cater to couples in love. On the heels of David’s Bridal, the largest seller of wedding dresses declaring bankruptcy last week, another big seller of symbols of enduring love, like rings, disclosed that their business has not yet recovered from Covid-19.

By Lindsay Isaac, CNN Buckingham Palace and Rupert Murdoch’s News Group Newspapers reached a secret agreement over historical phone hacking claims, court documents filed on behalf of Prince Harry allege. The documents, which claim that NGN privately reached an undisclosed settlement with Prince William, are part of the Duke of Sussex’s lawsuit against the media

Bryan Mena, CNN US consumer confidence worsened in April as Americans become more pessimistic about the job market. The Conference Board’s Consumer Confidence Index, which measures attitudes toward the economy and the job market, fell to 101.3 in April, down from 104 in March and marking the lowest level since July 2022. The business group’s

By Peter Valdes-Dapena, CNN Business The Chevrolet Bolt EV, General Motors first fully electric vehicle to be built and sold on a large scale, will go out of production by the end of this year. The Michigan assembly plant where it’s produced will be turned over to electric pickup truck production as part of GM’s

By Anna Bahney, CNN New home sales rose in March, climbing for the fourth month in a row as mortgage rates eased and buyers looked to new construction as an alternative to the tight inventory of existing homes for sale. Sales of newly constructed homes were up 9.6% in March from February, but were down