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CNN By Danielle Wiener-Bronner, CNN Business Given the dizzying array of options in the dairy aisle of the grocery store these days, some may think that the last thing we need is another type of milk. Yogurt maker Danone disagrees. Executives at the company, which owns plant-based dairy brands Silk and So Delicious, as well
Continue ReadingBy Danielle Wiener-Bronner, CNN Business Given the dizzying array of options in the dairy aisle of the grocery store these days, some may think that the last thing we need is another type of milk. Yogurt maker Danone disagrees. Executives at the company, which owns plant-based dairy brands Silk and So Delicious, as well as
Continue ReadingOpinion by Diane Hoskins for CNN Business Perspectives Extreme weather events — including heat waves, droughts and floods — have unfolded all over the world this summer. The grave impact of climate change is upon us and will continue to have a profound impact on human life. But there are still largely untapped actions we
Continue ReadingBy Matt Egan, CNN Business The V-shaped recovery in the oil patch continues to take even the biggest bulls on Wall Street by surprise. Goldman Sachs ramped up its already optimistic forecast on Sunday, calling for Brent crude to hit $90 a barrel by the end of the year. That’s up from its previous call
Continue ReadingBy Clare Duffy, CNN Business Derek Jeter had a problem. In 2020, his third year as chief executive and part-owner of the Miami Marlins, the team broke their long streak of missing the playoffs. But after the team had traded away nearly every big-name player on its roster in recent years, he was looking at
Continue ReadingBy Julia Horowitz, CNN Business Wall Street could take its cues this week from Washington, which is in the throes of a heated debate over spending on infrastructure, health care and education with the deadline to keep funding the US government just days away. What’s happening: House Speaker Nancy Pelosi is working to rally Democrats
Continue ReadingCNN By Julia Horowitz, CNN Business Wall Street could take its cues this week from Washington, which is in the throes of a heated debate over spending on infrastructure, health care and education with the deadline to keep funding the US government just days away. What’s happening: House Speaker Nancy Pelosi is working to rally
Continue ReadingBy Matt Egan, CNN Business Business economists are marking down their forecasts for US growth this year as the Delta variant takes a toll on the recovery, according to a survey released Monday. The National Association for Business Economists said the panel of 47 economists it surveyed now expects US GDP growth of 5.6%. Although
Continue ReadingCNN, CTV NETWORK By Nectar Gan, CNN Business For Beijing, the return of Huawei executive Meng Wanzhou to China after a prolonged extradition fight with the United States has been celebrated as a resounding victory. From the moment a government-chartered plane lifted Meng out of Canada — where the CFO spent nearly three years living
Continue ReadingCNN By Matt McFarland, CNN Business Today Tesla dominates the world of electric vehicles, selling about two of every three EVs sold in the US. It’s worth more than twice as much as any other automaker. Teslas are a status symbol and its CEO, Elon Musk, is a celebrity, with 59 million more Twitter followers
Continue ReadingBy Michelle Toh, CNN Business An electric car company owned by China’s Evergrande is having trouble paying suppliers and has called off plans to sell new shares as the group’s woes spread beyond its core real estate business. Shares in China Evergrande New Energy Vehicle Group fell more than 9% in Hong Kong on Monday
Continue ReadingCNN By Matt Egan, CNN Business Americans should brace for sticker shock on home heating costs as temperatures drop this fall and winter. Prices for natural gas, the most common way to heat homes and a leading fuel source for generating electricity, have surged more than 180% over the past 12 months to $5.90 per
Continue ReadingBy Charles Riley, CNN Business The UK military is on standby to deliver gasoline to service stations after a shortage of tanker drivers forced some to close last week, triggering a spate of panic buying by British motorists. With thousands of service stations having since run dry, the UK government has announced a series of
Continue ReadingBy Steven Jiang and Michelle Toh, CNN Business HNA Group Chairman Chen Feng and CEO Tan Xiangdong have been detained by Chinese police, according to the company. In a brief statement on Friday, the embattled conglomerate said that the two executives had been “placed under compulsory measures” by Hainan provincial police for suspected criminal offenses.
Continue ReadingBy Jessie Yeung, CNN Business Comic and animation fans in China were in for a nasty shock this weekend as authorities turned their crackdown on the entertainment industry to yet another target. The National Radio and Television Administration, the country’s broadcasting authority, announced late Friday that it would ban cartoons and other TV shows primarily
Continue ReadingBy Nectar Gan, CNN Business For Beijing, the return of Huawei executive Meng Wanzhou to China after a prolonged extradition fight with the United States has been celebrated as a resounding victory. From the moment a government-chartered plane lifted Meng out of Canada — where the CFO spent nearly three years living under house arrest
Continue ReadingCNN 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. “Our country will not survive this.” I watched Donald Trump’s entire “interview” with One America News propagandist Dan Ball, and that’s the quote that stood out the most. Trump
Continue ReadingBy Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. “Our country will not survive this.” I watched Donald Trump’s entire “interview” with One America News propagandist Dan Ball, and that’s the quote that stood out the most. Trump was
Continue ReadingBy Nectar Gan, CNN Business Huawei executive Meng Wanzhou, who spent nearly three years in house arrest in Canada, returned home late Saturday, ending a prolonged extradition fight with the United States and sparking an outburst of national pride in China, where her release has been portrayed as a diplomatic victory for Beijing. Meng, who
Continue ReadingCNN By Ramishah Maruf, CNN Business Substack has taken advantage of a new model for the internet, where subscriptions for content are increasingly becoming the norm. The website is the current king of paid newsletters, where writers publish directly to subscribers without the standards of newsroom editors. But as social media sites struggle to monitor
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