CNN – Business/Consumer

By Peter Valdes-Dapena, CNN New York (CNN) — When pondering what’s really happening with the auto industry’s shift to electric vehicles, it’s important to remember that two things – two very different things – can be true at the same time. The first is that electric vehicle sales are continuing to rise, and will reach

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve said Wednesday it is holding interest rates at their current levels, as hotter-than-expected inflation data continues to push back the timing of the first rate cut. Fed officials have kept their benchmark lending rate at a 23-year high since July, after aggressively raising rates starting two years ago. Officials have said they need to

By Oliver Darcy, CNN New York (CNN) — Editor’s Note: A version of this article first appeared in the “Reliable Sources” newsletter. Sign up for the daily digest chronicling the evolving media landscape here. David Zaslav famously said in 2022 that Warner Bros. Discovery doesn’t “have to have the NBA.” It appears Wall Street disagrees. WBD’s already rock-bottom stock price plummeted nearly 10%

By Brian Fung, CNN Washington (CNN) — Tucked beside the St. Lawrence River in northern New York and straddling the US-Canadian border, the Akwesasne Mohawk Nation has nurtured generations of indigenous artisans. Kelly Back, a member of the Akwesasne Mohawk, handcrafts traditional beaded belts, hat bands, purses and sashes that many of the roughly 13,000

By Chris Lau and Hassan Tayir, CNN Hong Kong (CNN) — Like hundreds of millions of workers in China, Hao Zeyu, an algorithm engineer at an electric vehicle maker, is getting five days off this week for the Labor Day holiday. But he’s in no mood to party. In order to take the vacation, Hao

By Elisabeth Buchwald, CNN New York (CNN) — Spring has undeniably been the best time to put your home on the market. The ideal weather displays homes in the best light and the timing makes it a more favorable season for people to move, especially with the end of the school year. But the Federal

By Allison Morrow, CNN New York (CNN) — Changpeng Zhao, the founder of the world’s leading cryptocurrency exchange, was sentenced on Tuesday to four months in prison after pleading guilty last year to charges that he failed to maintain an effective anti-money laundering program. The sentence, handed down in a US federal court in Seattle,

By Krystal Hur, CNN New York (CNN) — Stocks slipped Tuesday after fresh data raised concerns that inflation will remain sticky. The Dow fell 571 points, or 1.5%. The S&P 500 declined 1.6% and the Nasdaq Composite lost 2%. All three major indexes closed out April lower, snapping a five-month streak of gains. The blue-chip

By Peter Valdes-Dapena, CNN (CNN) — Researchers are pointing to a dangerous element of the booming e-commerce home delivery business in America: vans. About half a million light vans are sold in the United States every year, with many of those going to companies like Amazon and FedEx. Used to deliver packages to people’s front

By Kaila Nichols, CNN (CNN) — An Oregon man who says he’s been battling cancer for eight years and received chemotherapy just last week is among three winners of this month’s $1.3 billion Powerball jackpot. Cheng “Charlie” Saephan said he is sharing the prize with his wife, Duanpen Saephan, and friend Laiza Chao. The trio chose the

By Hanna Ziady, CNN London (CNN) — Volkswagen’s orders for electric vehicles shot up in Europe in the first quarter of 2024 compared with a year ago, countering suggestions that drivers may be losing interest in EVs. New orders for electric cars more than doubled in Europe, Volkswagen said in an earnings statement Tuesday. The

By Bryan Mena, CNN Washington (CNN) — US home-price growth accelerated in February at the fastest annual pace since November 2022, a sign that America’s housing market remains tough amid elevated mortgage rates. The S&P CoreLogic Case-Shiller US National Home Price Index, a measure of home prices across the country, rose 6.4% in February from

By Nathaniel Meyersohn, CNN New York (CNN) — Walmart, the largest retailer in the United States, will close all 51 of its health care centers in six states and end virtual health care services, the company said Tuesday. Walmart had made a big push into health care in recent years, opening clinics next to its