CNN – Business/Consumer

By Charles Riley, CNN Business A trio of economists were awarded the Nobel Prize on Monday for showing that precise — and surprising — answers to some of society’s most pressing questions can be gleaned from experiments rooted in real life. David Card was recognized by the Royal Swedish Academy of Sciences for groundbreaking work

By Jill Disis, CNN Business China’s property crisis is ensnaring yet another developer. Modern Land is asking investors for more time to pay back a $250 million bond, according to a company filing with the Hong Kong Stock Exchange on Monday. The payment was due October 25. Modern Land said it wants to extend that

By Laura He, CNN Business Flooding in northern China is hitting a major coal production center hard, sending coal prices soaring and complicating efforts by Beijing to tackle ongoing power shortages. Heavy rains have forced the closures of 60 coal mines in Shanxi province, China’s largest coal mining hub, according to a statement released Saturday

By Ramishah Maruf, CNN Business It’s been a tough week for Facebook. Whistleblower Frances Haugen testified to Congress that the company is aware that its platforms are used to spread hate and misinformation but has failed to take action to prevent it. The social media giant and several of its services were also hit with

By Alaa Elassar, CNN Teachers are going to get a little extra lovin’ this week with free breakfast “Thank You” meals from McDonald’s as a token of appreciation. Any educator, including teachers, administrators, and school staff can go to McDonald’s from October 11 to October 15 to receive their breakfast meal, McDonald’s said in a

By Frank Pallotta, CNN Business “No Time to Die,” the latest entry in the James Bond franchise, notched an estimated $56 million at the North American box office this weekend, according to its studio, MGM. That number met the studio’s expectations for the film, which stood at $55 million to $60 million going into the

By Ramishah Maruf, CNN Business In many parts of the country, what was traditionally known as Columbus Day is now being celebrated as Indigenous Peoples’ Day. But it remains a federal holiday, so some businesses will be closed. President Biden issued a proclamation commemorating Indigenous Peoples’ Day Friday and acknowledged the destruction of native communities

By Paul R. La Monica, CNN Business Corporate profits soared in the first half of this year, largely because of favorable comparisons to last year’s weak earnings. The Covid shutdown of the economy hit major companies hard in the first half of 2020. But as companies get set to report their third-quarter results in the

By Frank Pallotta, CNN Business Social media can be difficult to understand, but luckily for Congress they had the Facebook whistleblower walk them through it on “Saturday Night Live.” The NBC variety show opened up on Saturday with Frances Haugen, played by Heidi Gardner, giving testimony on Capitol Hill about the internal workings of Facebook.

By Ramishah Maruf, CNN Business National fast food chain Raising Cane’s Chicken Fingers has a new solution to the restaurant industry’s labor shortage — it’s asking corporate employees to work as fry cooks and cashiers. The privately-held Baton Rouge, La.-based company has a total of 750 corporate employees, 500 in its Dallas office. Of those,

By Matt McFarland, CNN Business Tesla CEO Elon Musk has said the company will roll out the latest beta version of its “full self-driving” software to 1,000 owners this weekend. Yet there aren’t actually any self-driving cars for sale today, according to autonomous vehicle experts and the National Highway Traffic Safety Administration, which regulates cars.

By Kara Fox, CNN Chinese officials are ordering coal plants to dramatically ramp up production. The European Union is facing a revolt over its ambitious Green Deal on climate. US President Joe Biden is petitioning OPEC nations to boost oil production. So much for the fight against the climate crisis — it’s the energy crisis

By Frank Pallotta, CNN Business In the nearly six decades since 1962’s “Dr. No,” one thing has been a constant at the cinema: Bond, James Bond. The iconic super-spy returns for his latest adventure this weekend with “No Time to Die,” the franchise’s 25th film, which represents both a literal and figurative end of an

Opinion by Jacob J. Lew for CNN Business Perspectives After weeks of partisan gridlock, Congress is on track to extend the debt ceiling, averting a potential default looming in less than two weeks. But the solution merely moves the new fiscal cliff to December, aligning the deadline with other imminent crises, like a potential government