CNN – Business/Consumer

By Nathaniel Meyersohn, CNN Business Bummer for bargain hunters: It may be harder to snag designer clothes at T.J. Maxx, Burlington and Ross. These discount chains thrive when there is a glut of clothing in the market. They can scoop in and buy premium apparel and shoe brands’ excess inventory for cheap — and then

By Laura Smith-Spark, CNN Northern Ireland is once again at the center of post-Brexit tensions between the United Kingdom and the European Union, after both sides fired up the rhetoric in recent days before promising to intensify talks. UK Prime Minister Boris Johnson and his Brexit minister, David Frost, argue that the Northern Ireland Protocol

CNN By Kristin Fisher and Pete Muntean, CNN Business One of Blue Origin’s newest astronauts, 49-year-old Glen de Vries, survived a ride to space in October alongside actor William Shatner. But less than a month later, he was killed in a small plane crash on Thursday in New Jersey. “Our thoughts and support go out

By Frank Pallotta, CNN Business Get ready to have this theme song stuck in your head again. “X-Men: The Animated Series” is coming back. “X-Men ’97,” a reboot of the beloved ’90s children’s show that followed the adventures of Marvel’s favorite mutants, will debut new episodes on Disney+ in 2023. The announcement came Friday during

CNN By Frank Pallotta, CNN Business Taylor Swift fans entered a state of grace on Friday thanks to the artist re-releasing one of her most beloved albums, 2012’s “Red.” Why would one of the biggest names in music — who is already fairly busy releasing multiple albums over the last year and a half —

CNN, CNNBUSINESS By Jeanne Sahadi, CNN Business You would think the combination of high inflation, a worker shortage and a talent war would be a winning trifecta for any employee who would like to take home a bigger paycheck next year. And many companies are also reporting strong earnings, if not record ones. “Employees are

By Paul R. La Monica, CNN Business Breaking up is the newest craze for ginormous global companies. Johnson & Johnson, Toshiba and GE announced plans to split into multiple entities this week. The trend may have only just begun. Conglomerates are big and unwieldy. Wall Street hates them, because it doesn’t know how to value

By Matt McFarland, CNN Business Rivian’s stock price soared Thursday, a day after its Wall Street debut, valuing the company at more than $100 billion. It also had the biggest American initial public offering since Facebook. Rivian, which plans to deliver about a thousand consumer vehicles by the end of 2021, is worth more than

CNN, CNNBUSINESS By Matt McFarland, CNN Business Rivian’s stock price soared Thursday, a day after its Wall Street debut, valuing the company at more than $100 billion. It also had the biggest American initial public offering since Facebook. Rivian, which plans to deliver about a thousand consumer vehicles by the end of 2021, is worth

By David Goldman and Anneken Tappe, CNN Business Surging prices, a labor shortage and a gummed-up supply chain are making Americans uneasy. The consumer sentiment index fell to a decade low in early November data collected by the University of Michigan. The culprit: pandemic-era inflation woes and worry that no policies are in place to

By Anneken Tappe, CNN Business A record 4.4 million Americans quit their jobs in September as the sheer volume of available jobs is empowering workers to have their pick. Workers are quitting in search for better pay or better jobs, representing a fundamental shift in America’s labor market. “Labor now has the initiative, and the

By Frank Pallotta, CNN Business Taylor Swift fans entered a state of grace on Friday thanks to the artist re-releasing one of her most beloved albums, 2012’s “Red.” Why would one of the biggest names in music — who is already fairly busy releasing multiple albums over the last year and a half — re-record

CNN, CNNBUSINESS By Paul R. La Monica, CNN Business Breaking up is the newest craze for ginormous global companies. Johnson & Johnson, Toshiba and GE announced plans to split into multiple entities this week. The trend may have only just begun. Conglomerates are big and unwieldy. Wall Street hates them, because it doesn’t know how

By Julia Horowitz, CNN Business News that prices for American consumers are rising at the fastest rate in three decades has spooked investors and economists, piling pressure on President Joe Biden and the Federal Reserve to respond more aggressively. What’s happening: Biden and his team are now steeling themselves for high inflation to persist into

By Chris Isidore, CNN Business Elon Musk sold another block of Tesla shares Thursday. In two additional filings, Musk disclosed early Friday that he had sold another $687.3 million worth of the stock Thursday. That brings his sales of stock for this week to 5.2 million shares for a total of $5.8 billion. Last weekend,