CNN – Business/Consumer

By Matt Egan, CNN Business Former President Donald Trump is planning a return to Wall Street. Trump, whose companies have a long history of filing for bankruptcy, announced a deal Wednesday night to bring a new media company public through what’s known as a SPAC, or a Special Purpose Acquisition Corporation. Trump Media & Technology

By Jeanne Sahadi, CNN Business If you’re thinking of buying a home or refinancing one, a big question will be whether to get a 30-year mortgage or opt for a shorter term loan. Most people get a 30-year fixed rate mortgage, which offers lower monthly payments. But there are some instances when it might make

By Matt McFarland, CNN Business Tesla owners can buy the company’s “full self-driving” software for $10,000, but they may have to pay with their privacy. As part of the wider rollout of Tesla’s “full self-driving” option, which began earlier this month, drivers may forfeit some privacy protections around location sharing and in-car recordings that they

By Danielle Wiener-Bronner, CNN Business The global supply chain is struggling under the weight of a series of disruptions, including a shortage of truck drivers and other workers as well as massive port congestion. The issues are forcing large and small companies alike to re-think what they need to do to keep manufacturing facilities humming.

By Julia Horowitz, CNN Business When WeWork’s plans for a blockbuster initial public offering imploded in 2019, the company became a poster child for the excesses of venture capital and startup culture in the post-2008 era. “What happened to WeWork is not just a failure of this particular set of individuals,” wrote Shira Ovide, a

By Chris Isidore, CNN Business Southwest Airlines says that its recent service problems, which prompted it to cancel more than 2,000 flights over a four-day period, cost the airline $75 million. That’s just one of the headwinds facing the discount airline. Southwest warned Thursday that it believes revenue will take a $100 million hit this

By Rob McLean and Jill Disis, CNN Business Spanx, one of America’s most prominent shapewear companies, is now worth $1.2 billion after inking a deal with Blackstone. The private equity firm will take a majority stake in the brand, the two companies announced Wednesday. While they did not disclose how much Blackstone paid for its

By Hanna Ziady, CNN Business Unilever is hiking prices to cope with soaring supply chain costs and expects inflation to accelerate into next year. The owner of Dove and Ben & Jerry’s said Thursday that it increased prices by 4.1% in the third quarter to “offset rising commodity and other input costs.” The pricing action

By Michelle Toh, CNN Business A fire-sale deal that would have eased a punishing cash crunch at Chinese real estate giant Evergrande has collapsed, pushing the troubled company closer to a potential collapse. Evergrande announced Wednesday that it had terminated an agreement to sell a controlling stake in its property management unit to rival Chinese

By Rhea Mogul and Esha Mitra, CNN India has administered more than 1 billion Covid-19 vaccine doses, a remarkable feat just months after a second wave of infection killed thousands of people across the country. But as India celebrated passing the milestone on Thursday, some experts warned the pandemic threat was not over — in

Robert Iddiols and Charles Riley, CNN Business The United Kingdom and New Zealand have struck a free trade agreement that will reduce tariffs on bulldozers, wine, buses and clothing. The draft deal, which follows 16 months of negotiations, is the latest to be brokered by the United Kingdom after its departure from the European Union.

By Chris Isidore, CNN Business Tesla reported record earnings that blew past Wall Street forecasts, as the company was able to shake off the effects of a shortage of computer chips and other raw materials that has dogged the auto industry in recent months. The company reported operating earnings of $2.1 billion, up 30% from

By Peter Valdes-Dapena, CNN Business For a lot of people there is one real Ford Mustang. It’s the Ford Mustang GT coupe with the big 5.0-liter gasoline-burning 460 horsepower V8 engine and just two doors. These people do not accept the validity of the Mustang Ecoboost with its 310 horsepower turbocharged four-cylinder engine. And they

By Sean Lyngaas, CNN Business The hacking tool used in a ransomware attack that disrupted programming at Sinclair Broadcast Group is similar to malicious code previously used by a Russian crime group sanctioned by the US government, according to a security researcher who has viewed the ransom note. The code also overlaps with previous hacking

By Parija Kavilanz, CNN Business If you were shopping online in the late summer, chances are you may have been hit with an unfortunate message: The product you’re looking for is out-of-stock. Products were out of stock online 24% more of the time in August from a year earlier across the 18 product categories tracked

By Matt Egan, CNN Business From port congestion and price spikes to widespread shortages, stress in US supply chains is intensifying and could slow the economy in the coming months, Moody’s Analytics warns. “Supply-chain headaches show no sign of subsiding just yet,” Moody’s economists led by Matt Colyar wrote in a Tuesday report. About 200,000