CNN – Business/Consumer

By Julia Horowitz, CNN Business After surging in the spring, the prices of goods like lumber, corn and soybeans have come back down to Earth. Coffee is headed in the opposite direction. What’s happening: Futures for robusta coffee, which is often used to make espresso, recently jumped as high as $2,024 per tonne, their highest

By Esha Mitra, Manveena Suri, Vedika Sud and Rishabh Pratap, CNN Four men, including a Hindu priest, have been charged with the rape and murder of a 9-year-old girl in the Indian capital Delhi, police said Saturday, in a case that has once again highlighted widespread sexual violence and caste-based discrimination in the country. The

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. In an ever-more-internet-connected world, we are getting close-up views of extreme weather in ways that were hard to imagine a generation ago. When Hurricane Ida barreled ashore and ransacked the

By Brian Stelter, CNN Business Earlier this month, Beheshta Arghand made history in Afghanistan. Arghand, a female anchor at TOLO, an Afghan news network, interviewed a senior Taliban representative on the air. The interview garnered headlines around the world. Two days later, Arghand did it again, interviewing Malala Yousafzai, the activist who survived a Taliban

By Alexis Benveniste, CNN Business Hurricane Ida hit New Orleans Sunday after cutting through the Gulf of Mexico, causing massive disruptions to US oil production before making landfall. More than 95% of the Gulf of Mexico’s oil production facilities have been shut down, regulators said Sunday, indicating the massive storm is having a significant impact

By Chauncey Alcorn, CNN Business The makers of some of the most popular toys in the United States sounded the alarm this week about the global shipping crisis and labor shortages limiting their ability to keep stores stocked throughout the fall holiday shopping season. Two leading toy company CEOs who recently spoke with CNN Business

Peloton, the maker of exercise treadmills that have been recalled due to injuries, is the subject of an investigation by the Securities and Exchange Commission. The Department of Justice and the Department of Homeland Security have also subpoenaed documents from the company related to how it reported those injuries, Peloton said in a recent annual

By Allison Morrow, CNN Business It’s official: The Federal Reserve is winding down its aggressive pandemic-era stimulus measures, a process Wall Street nerds call “tapering.” But what, exactly, does that mean? The short answer: Money has essentially been free for the past year and a half, thanks to the Fed’s double-barrel shotgun approach to economic

Opinion by Bill Carter for CNN Business Perspectives A substantial slice of the nation’s attention has been diverted (riveted, really) to the drama in the offices — and on the stage — of the game show “Jeopardy!” America’s obsession with the game show and its fall from grace is not surprising. One of the last

By Clare Duffy, CNN Business A self-driving Toyota vehicle was barely moving, but it still managed to collide with a visually-impaired athlete at the Paralympic Games, raising potential concerns about the limitations of autonomous driving technology. Toyota’s CEO on Friday apologized in a video posted to YouTube after one of the company’s self-driving vehicles hit

By Anna Bahney, CNN Business The federal eviction ban, which protected millions of struggling renters while frustrating landlords across the country, has ended for the second time in just four weeks. On Thursday, the Supreme Court blocked the latest eviction moratorium, writing in an unsigned, eight-page opinion: “Congress was on notice that a further extension

By Danielle Wiener-Bronner, CNN Business When Cowbell, a comfort food restaurant in New Orleans, started requiring proof of vaccination for indoor dining, some customers were less than thrilled. Cowbell put the rule in place starting July 29, advertising the requirement with a sign on its door and a post to its website. A few weeks

By Chris Isidore, CNN Business Tesla wants to do more than sell you an electric car. It wants to start selling electricity itself — at least to some people in Texas. It has filed with the Texas Public Utility Commission to generate electricity and sell it directly to the public. Details about its exact plans

By Matt McFarland, CNN Business Rivian, an electric vehicle startup backed by Amazon and Ford, said Friday that it has filed confidential paperwork with the Securities and Exchange Commission for an initial public offering. Bloomberg, which first reported the news, said Rivian is seeking a valuation of roughly $80 billion, and eyeing an IPO around

By Matt Egan, CNN Business The Taliban’s rule of Afghanistan faces an imminent threat: The war-torn nation’s banking system is on the verge of collapse. Nearly two weeks after the Taliban seized power, Afghanistan’s banks remain shuttered. That has left many people in the country without access to cash. “No one has money,” one current

By Paul R. La Monica, CNN Business Who says you can’t go home again? Portuguese soccer star Cristiano Ronaldo is rejoining Manchester United, the British soccer club he played for from 2003 through 2009. The news sent shares of Manchester United, which is publicly traded in the United States, surging 8%. Manchester United announced the