CNN – Business/Consumer

By Chris Isidore, CNN Business JetBlue Tuesday made an unsolicited $3.6 billion offer for low-fare rival Spirit Airlines in an attempt to derail a proposed deal between Spirit and Frontier Airlines. JetBlue’s cash offer is about 33% more than the value of Frontier’s stock-and-cash offer for Spirit. Such a transaction would stop a combined Frontier

CNN, CNNBUSINESS By Julia Horowitz, CNN Business What does it mean when even the doves at the Federal Reserve start to sound like hawks? Investors are weighing that question after a key member of the central bank who has historically favored a gentler approach to raising interest rates talked tough about the central bank’s need

By Matt McFarland, CNN Business Building a cheap car that is also profitable for the manufacturer is shockingly difficult. Because of the high cost of battery components, it becomes even more difficult if that car is electric. But Honda and General Motors, two of the biggest car companies in the world, believe they can crack

By Jordan Valinsky, CNN Business McDonald’s is bringing back Spicy Chicken McNuggets, but not everyone can buy them. The fast food chain said that the spicy nuggets are now available at about half of its US locations, or roughly 6,900 locations, for a limited time. McDonald’s regularly releases menu items on a regional basis to

CNN, CNNBUSINESS By Chris Isidore, CNN Business Elon Musk has gotten a lot of attention from buying a 9.1% stake in Twitter, along with landing a seat on the company’s board. He’s also worth an additional $1 billion. In a new filing late Tuesday, Musk disclosed how much he paid for the 73 million shares

Opinion by Scott Galloway for CNN Business Perspectives Remember when Adam Neumann, the CEO of WeWork, pronounced that his startup was going to “elevate the world’s consciousness” versus what the company really did, which was renting desks? There’s a term for that: “Yogababble.” Yogababble is an attempt to smear Vaseline over the lens of truth,

CNN, CNN BUSINESS Opinion by Scott Galloway for CNN Business Perspectives Remember when Adam Neumann, the CEO of WeWork, pronounced that his startup was going to “elevate the world’s consciousness” versus what the company really did, which was renting desks? There’s a term for that: “Yogababble.” Yogababble is an attempt to smear Vaseline over the

By Mark Thompson and Chris Liakos, CNN Business Europe is planning to cut deeper into the Russian economy with a new round of sanctions that includes a ban on coal imports. It’s also working on sanctions that could target Russian oil. The measures were announced Tuesday by European Commission President Ursula von der Leyen and

By Julia Horowitz, CNN Business Investors are breathing a sigh of relief after regulators in Beijing extended an olive branch to the United States, indicating they could change their policies so that Chinese companies could avoid getting kicked off Wall Street. What’s happening: Shares of tech giant Alibaba in New York rallied almost 7% on

By Laura He, CNN Business The World Bank said on Tuesday that countries in Asia may have to deal with three major economic shocks this year — the war in Ukraine, a sharp slowdown in China, and rate hikes from the US Federal Reserve. The development bank cut its 2022 growth forecast for East Asia

By Casey Tolan and Audrey Ash, CNN Photographs by Rachel Woolf for CNN The steel mill that looms over low-slung neighborhoods in Pueblo, Colorado, is a rare bright spot for American manufacturing. Once part of the state’s largest private employer, pumping out steel that was used to build rail lines across the Western US, it