CNN – Business/Consumer

By Chris Liakos and Richard Quest, CNN The president of Emirates tells CNN that the airline was not aware of some of the potential 5G rollout issues until yesterday morning, calling the situation “one of the most delinquent, utterly irresponsible” he has seen in his aviation career. Major international airlines are scrambling to modify or

By Danielle Wiener-Bronner, CNN Business Coca-Cola is fighting for your attention. The company is unveiling a new look for flavored Coke products this month, and it has a new Coke variety coming in a few weeks. It’s part of the company’s renewed focus on its Coke brand, as it dumps niche products and tries to

By Julia Horowitz, CNN Business Persistently high inflation has dealt investors a wake-up call this year, sending them scrambling to re-engineer their portfolios in anticipation of more aggressive action from the Federal Reserve. The tech-heavy Nasdaq Composite is down almost 10% from the all-time high it notched in mid-November. That means the index is flirting

By Charles Riley, CNN Business UK consumer price inflation has surged to the highest level in three decades, heaping pressure on households already facing a huge increase in energy costs. Inflation increased to 5.4% in December, the Office for National Statistics said on Wednesday, the highest rate since 1992. The biggest price rises were for

By Laura He, CNN Business China produced more coal than ever last year as its power stations struggled to meet demand for electricity, undermining plans to curb carbon emissions. While the surge in output helped bring the power crisis under control, coal prices are creeping up yet again this year amid expectations that China is

CNN By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. When President Joe Biden walks out at 4pm ET to greet reporters assembled in the White House’s East Room, it will be the first formal press conference he has

CNN, CNNBUSINESS By Charles Riley and Joseph Ataman, CNN Business Major international airlines are canceling flights to the United States over aviation industry fears that 5G technology could interfere with crucial onboard instruments. But it’s business as usual in Europe, where the latest generation of high speed mobile networks is being rolled out without a

By Clare Duffy, CNN Business The Federal Trade Commission and US Justice Department’s Antitrust Division on Tuesday announced a joint review of federal guidelines for corporate mergers to consider whether they should be updated “to better detect and prevent illegal, anticompetitive deals.” The announcement comes amid growing concerns about concentration in a range of industries,

By Oliver Darcy, CNN Business Michelle Gotthelf, the former editor in chief of the New York Post’s digital operation, filed a lawsuit on Tuesday against the tabloid, alleging she was wrongfully fired earlier this month after she reported to her boss that a longtime lieutenant of Rupert Murdoch sexually harassed her. Gotthelf alleged that the

CNN, CNN BUSINESS By Frank Pallotta, CNN Business Stephen A. Smith returned to ESPN‘s “First Take” Monday after a bout with Covid-19, which the commentator said nearly killed him. “For me personally, it hit me differently,” Smith said. Smith explained that he tested positive for the virus late last month and wound up in the

By Nathaniel Meyersohn, CNN Business Kohl’s can’t catch a break from Wall Street. For the second time in as many months and third time in a year, an activist investor is putting pressure on the department store chain to make changes or sell the company. Activist hedge fund Macellum Advisors, which owns about 5% of

By Frank Pallotta, CNN Business Stephen A. Smith returned to ESPN‘s “First Take” Monday after a bout with Covid-19, which the commentator said nearly killed him. “For me personally, it hit me differently,” Smith said. Smith explained that he tested positive for the virus late last month and wound up in the hospital over the

By Anneken Tappe, CNN Business Wall Street had another day in the red at the start of this shortened trading week as investors grapple with earnings seasons and rising Treasury bond yields. All three major indexes spent the entire day sharply lower. The Dow closed 1.5%, or some 540 points, lower, after falling as many

By Anna Cooban, CNN Business The BBC has warned that it will be forced to slash services and cancel shows after the UK government froze its main source of funding, resulting in a budget shortfall of roughly $388 million. Tim Davie, director general of the public service broadcaster, told BBC Radio 4 on Tuesday that

By Matt Egan, CNN Business Goldman Sachs is now calling for oil prices to hit $100 a barrel later this year and continue rising in 2023, signaling higher prices at the pump are on the way. In a Monday evening report to clients, the Wall Street bank backed up its bullish call by citing “robust

By Paul R. La Monica, CNN Business Goldman Sachs had a phenomenal year. But like many of its competitors on Wall Street, the numbers just weren’t good enough to satisfy fickle investors. The investment banking powerhouse said Tuesday that it earned $3.9 billion in the fourth quarter, or $10.81 a share. But analysts had been

By Julia Horowitz, CNN Business Every year, BlackRock CEO Larry Fink, one of the most powerful people in global finance, pens a letter to chief executives that’s required reading for business leaders. Fink’s insistence that companies need to disclose more about their climate plans and seriously consider their role in society has helped change what’s