CNN – Business/Consumer

By Michelle Toh, CNN Business Shares in Evergrande were suspended Monday amid reports that a rival Chinese real estate developer was preparing to buy its property management business — a move that could inject much needed cash into the ailing conglomerate. Cailian News, a Chinese state-run financial news outlet, reported Monday that Hopson Development was

By Laura He, CNN Business A film glorifying the heroism of Chinese soldiers fighting American troops during the Korean War smashed box office records for China’s National Day holiday. “The Battle at Lake Changjin” — commissioned by the Chinese government — has grossed an estimated 1.85 billion yuan ($287 million) since its release on Thursday,

By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Frances Haugen was a product manager on Facebook’s civic misinformation team. “During her time at Facebook,” her bio says, “Frances became increasingly alarmed by the choices the company makes prioritizing

By Peter Valdes-Dapena, CNN Business The Lucid Air Dream Edition was recently rated by the Environmental Protection Agency with an estimated driving range of 520 miles on a full charge. That’s the longest range of any purely battery-powered car yet rated by the EPA, including Tesla’s Model S Long Range. It’s not just a little

By Frank Pallotta, CNN Business Venom devoured the box office. “Venom: Let There Be Carnage” — Sony’s follow-up to the hit 2018 supervillain film — blew past expectations at the ticket booth this weekend. The film, which stars Tom Hardy as the ravenous alien symbiote, notched an estimated $90.1 million at the North American box

By Matt Egan, CNN Business America’s oil-and-gas industry is fighting tooth and nail to kill or scale back climate provisions in the President Joe Biden’s $3.5 trillion Build Back Better plan. “We’re leaving everything on the field here in terms of our opposition to anti-energy provisions,” Mike Sommers, president and CEO of the powerful American

By Allison Morrow, CNN Business The supply chain nightmare that’s been plaguing the global economy for over a year is about to snarl the holiday shopping season. Think barren shelves, massive shipping delays, and no small amount of sticker shock. Merry Christmas, everyone! Although the pandemic lit the match, the United States has been setting

By Frank Pallotta, CNN Business “Saturday Night Live” is back, and with it came a new President Joe Biden. The NBC variety show returned for its season premiere Saturday and opened its 47th season with new cast member James Austin Johnson taking on the role of Biden. “What’s cookin’, what’s good?” Johnson’s Biden said, kicking

By Jake Kwon, CNN Business It took three years for players to notice the “offensive” hand gesture lurking in one of South Korea’s most popular multiplayer games. When players made their avatars laugh, talk or give the “OK” sign in “Lost Ark,” they clicked an icon featuring a gesture that might have appeared benign to

By Ramishah Maruf, CNN Business PricewaterhouseCoopers, the accounting and consulting giant, will allow all its 40,000 US-based service employees to work virtually from anywhere in the United States, the company confirmed to CNN Friday. The company said this is the first announcement of its kind from a professional services firm in the US, marking a

By Bridget O’Brian and Ramishah Maruf, CNN Business Tesla said Saturday that it produced 237,823 vehicles in its third quarter and delivered 241,300, more than double the number of vehicles for the same period a year ago. In the 2020 third quarter, the company produced 145,036 vehicles and sold 139,300. That 64% increase in production