CNN – Business/Consumer

By Laura He, CNN Business Troubled Chinese real estate developer Evergrande is trying to reassure investors about the impact of an official order to demolish a few dozen buildings in China. Chinese media reported over the weekend that authorities in Hainan province — a tropical resort island off the coast of southern China — had

By Brian Stelter and Donie O’Sullivan, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. In an earlier era, journalists might have made certain assumptions about the aftermath of a violent attack on the Capitol. They might have expected unanimous condemnation and

CNN By Brian Stelter and Donie O’Sullivan, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. In an earlier era, journalists might have made certain assumptions about the aftermath of a violent attack on the Capitol. They might have expected unanimous condemnation

By Peter Valdes-Dapena, CNN Business Tesla has opened a new showroom in Xinjiang, a region in western China that is purported to be the site of abuse and brutal repression of the country’s Uyghurs, a predominantly Muslim ethnic minority. The region has become a major geopolitical hotspot in recent years, and a key source of

By Rhea Mogul and Esha Mitra, CNN The throngs of worshipers were mid-prayer when a man emerged from the crowd and jumped over the barrier, entering into the sanctum of Sikhism’s holiest shrine. He would not leave the Golden Temple alive. Within touching distance of Sikhism’s holy book, the man grabbed a bejeweled ceremonial sword

CNN, CNNBUSINESS By Paul R. La Monica, CNN Business The prospect of higher interest rates this year is spooking investors in tech stocks and other high growth sectors. But it’s a different story for big banks. Bank stocks are off to a solid start of 2022, extending gains from the second half of last year.

CNN, CNNBUSINESS By Julia Horowitz, CNN Business The first trading day of the year featured a major milestone for Corporate America and financial markets. What’s happening: On Monday, Apple became the first public company to reach a market value of $3 trillion when its shares briefly hit an all-time high. For comparison, the entire UK

CNN, CNN BUSINESS By Peter Valdes-Dapena, CNN Business Mercedes has unveiled a new all-electric concept car, the EQXX, that the company claims can go 620 miles on a single charge. The futuristic luxury car is also made with a host of innovative recycled and sustainable materials including mushroom fibers, ground up cacti and trash such

By Paul R. La Monica, CNN Business Movie theater chain AMC was a darling of the meme stock crowd in 2021, soaring nearly 1,200% last year thanks to love from rowdy Reddit fans. So what does AMC plan to do for a sequel? For starters, it wants to clean up its balance sheet, which is

By Paul R. La Monica, CNN Business Apple has reached yet another major milestone. The iPhone maker topped a market value of $3 trillion Monday — the first publicly traded company ever to be worth that much. Shares of Apple were briefly up about 3% to a new all-time high of $182.88, surpassing the $182.85

CNN, KTVT, WFSB, WPLG, WCVB By Matt Egan Goldman Sachs is joining a growing list of Wall Street firms advising employees to stay home due to soaring Covid cases. The bank sent a memo Sunday encouraging employees who can work remotely to do so until January 18, a Goldman Sachs spokesperson told CNN. Goldman Sachs

Opinion by Mark Wolfe for CNN Business Perspectives The Build Back Better bill, the large social safety net and environmental spending bill being considered by Congress, is a once-in-a-generation opportunity to address the nation’s growing wealth gap. It would raise taxes on the wealthy and large corporations and then would use those funds to strengthen

By Brian Fung, CNN Business The nation’s biggest cellular carriers say they won’t further delay the rollout of 5G wireless service near airports — ratcheting up tensions between transportation officials and the telecom industry ahead of a critical deadline this week that could trigger widespread US flight delays and diversions. In a letter Sunday reviewed

By Jordan Valinsky, CNN Business Sweetgreen is hoping to alleviate some of the pain of paying for its expensive salads with a new discount program. Beginning Monday, the salad chain is selling a subscription-like offering called Sweetpass that gives customers as much as 30% off each purchase. With a $10 subscription, a customer will get