CNN – Business/Consumer

By Paul R. La Monica, CNN Business Peloton had a disastrous 2021. But as impossible as it may seem, the exercise equipment company is arguably off to an even worse start to 2022. Shares of Peloton are down nearly 25% this year and trading at their lowest level in nearly two years. The stock was

By Chris Isidore, CNN Business Jamie Dimon got a $3 million raise in 2021, JPMorgan Chase disclosed in a filing late Thursday. The raise boosts the pay for the CEO of the nation’s largest bank by 9.5%, to $34.5 million. The pay package includes a base salary of $1.5 million and a $5 million cash

CNN, CNNBUSINESS By Paul R. La Monica, CNN Business Forget about all the boardroom intrigue on “Succession” and “Billions.” Real-life companies are facing a lot more drama than anyone on those popular shows. Struggling companies have one more reason to watch their backs. Several of them now have to contend with pesky activist shareholders —

By Charles Riley, CNN Business When the coronavirus pandemic swept across the world in 2020, investors responded by pouring money into companies that would benefit from people spending much more time at home. Netflix and Peloton were two of the biggest pandemic winners, along with video call provider Zoom Video and electronic signature firm DocuSign.

By Paul R. La Monica, CNN Business Intel was once the undisputed king of the semiconductor industry until the chip giant lost momentum to rivals Nvidia and Advanced Micro Devices in recent years. Now, with a new CEO, Intel is regaining some of its swagger. Intel, whose stock fell more than 15% in 2020 and

By Diksha Madhok, CNN Business Cryptocurrencies have had a dismal start to the year, and continue to plunge as major economies around the world look to curb their growing popularity. Bitcoin has fallen over 7% in the last 24 hours, and was trading at $39,097 as of 3:00 am ET, according to CoinDesk. The world’s

By Laura He, CNN Business Evergrande’s international creditors are losing patience. A group of the company’s overseas bondholders are threatening to take legal action over its “opaque” debt restructuring process, the latest sign of trouble for the embattled Chinese developer. They said in a statement Thursday they’ve had to “seriously consider enforcement actions” after Evergrande

CNN, CNNBUSINESS By Chris Isidore, CNN Business Airline executives breathed a sigh of relief to their investors Thursday, saying they believe the threat to their operations from the rollout of 5G technology is now behind them. Although AT&T and Verizon have agreed only to temporarily delay 5G deployment at major airports, the CEOs of American

CNN, CNNBUSINESS By Pete Muntean The Federal Aviation Administration has cleared more commercial airliners — notably more smaller, regional jets — to fly in the situations where pilots consider possible 5G interference to be the most dangerous. In a new statement, the FAA says it has issued more approvals that allow 78% of the US

Opinion by Mark Wolfe for CNN Business Perspectives Energy is an essential component of our day-to-day lives. We use it to cook our food, stay warm in the winter and cool our homes in the summer. But home energy prices have risen during the pandemic while more people are struggling to just get by. For

By Jordan Valinsky, CNN Business McDonald’s is selling a dessert that fans haven’t seen in about five years. Roughly 6,800 of its 14,000 US restaurants have begun selling a blueberry and crème pie, which is a sweet pastry that’s filled with blueberries and a vanilla-flavored crème and baked in a pie crust. McDonald’s last sold