Money

By Nathaniel Meyersohn, CNN New York (CNN) — Big investors, celebrity chefs and chains rushed to open ghost kitchens during the pandemic, and they were expected to make up more than 20% of the restaurant industry by 2025. But ghost kitchens are now crashing. Last week, Kitchen United, which raised $175 million in funding and

By Anna Cooban, CNN London (CNN) — Danish dockworkers and drivers are threatening to stop transporting Teslas to neighboring Sweden if the carmaker does not reach a deal with striking Swedish workers within two weeks. Denmark’s 3F labor union said the planned “sympathy strike” is aimed at putting extra pressure on a Tesla (TSLA) subsidiary

By Alicia Wallace, CNN Minneapolis (CNN) — In October, the ‘Now Hiring’ signs weren’t as plentiful as they have been in recent years, and more workers chose to stay put. There were an estimated 8.7 million available jobs in the month, according to data released Tuesday by the Bureau of Labor Statistics. There are an

By Tami Luhby and Nathaniel Meyersohn, CNN New York (CNN) — CVS is revamping the way it reimburses its pharmacies for prescription medications, a move that could make prescription drug pricing simpler and change how much consumers pay for their medicines. The company said in an announcement Tuesday that its new pharmacy reimbursement model will

By Oliver Darcy, CNN (CNN) — Jeffrey Goldberg, the editor-in-chief of The Atlantic, refuses to go gently into that good night. “We can’t participate in the normalization of Donald Trump,” an impassioned Goldberg told me by phone on Monday. “I refuse to participate in the normalization of Donald Trump.” Goldberg is one of the few

By Laura He and Diksha Madhok, CNN Hong Kong/New Delhi (CNN) — Moody’s downgraded its outlook on China’s credit rating to negative from stable on Tuesday, citing risks related to “structurally and persistently lower medium-term economic growth” and ongoing troubles in its property sector. The lowering of its outlook does not automatically mean the ratings

By Laura He, CNN Hong Kong (CNN) — Wanxiang Trust, an investment and asset management company in China, has reportedly missed payments on several investment products to investors, adding to fresh worries about the stability of the country’s shadow banking sector. The Hangzhou-based firm has delayed payments on a number of maturing products worth several

By Paul Glader, CNN Victoria, Seychelles (CNN) — Kyle de Bouter holds up a pair of Patagonia board shorts made of recycled fishing nets, smiling as workers nearby slice old nylon nets to stack into seven-foot square, one-ton bales. “This is 100% what it’s all about,” he says, illustrating the future product possibilities. De Bouter’s

By Simone McCarthy, CNN Hong Kong (CNN) — Press freedom groups are voicing concern for veteran Hong Kong journalist Minnie Chan following a news report that she went missing after traveling to Beijing to cover a security forum in late October. Reporters Without Borders (RSF) said Monday it was “greatly concerned” by news of Chan’s

By Ramishah Maruf, CNN New York (CNN) — A trailer for “Grand Theft Auto VI,” the next installment of the wildly popular and violent game franchise, has been released early online after it had leaked. The trailer reveals that the sixth chapter is coming in 2025, according to developer Rockstar Games. The highly anticipated trailer

By Matt Egan, CNN New York (CNN) — Bets against the value of Israeli companies spiked in the days before the October 7th Hamas attacks, suggesting some traders may have had advance knowledge of the looming terror attack and profited off it, according to new research released Monday. The preliminary research, which hasn’t been peer

By Peter Valdes-Dapena, CNN New York (CNN) — Electric vehicles have 79% more problems than other vehicles, according to Consumer Reports’ latest annual auto reliability survey. But the problem isn’t really because they’re electric, said Jake Fisher, director of the group’s auto testing center. The problems arise because electric cars are mostly new models, and

By Catherine Thorbecke, CNN (CNN) — Sheryl Sandberg, a longtime advocate for women and girls’ rights, spoke out against Hamas’ use of sexual violence as a war tactic, saying at the United Nations Monday: “Rape should never be used as an act of war.” “Silence is complicity,” Sandberg said. “And in the face of terror, we cannot

By Jackie Wattles, CNN (CNN) — Shares of Virgin Galactic, the space tourism venture founded by Richard Branson, are plunging after the British billionaire said he has no plans to invest more money in the company as he says it has “sufficient funds” already. As of the 9 a.m. ET market open on Monday, Virgin

By Allison Morrow, CNN New York (CNN) — The price of bitcoin soared above $40,000 on Monday, hitting its highest level in 18 months as investors look ahead to a lower interest rate environment and key regulatory approvals that could make the crypto asset more mainstream. Bitcoin, the world’s most popular cryptocurrency, was up more

By Jordan Valinsky, CNN New York (CNN) — Beyoncé was crowned “queen of the box office” after her concert movie topped the box office in its opening weekend. “Renaissance: A Film by Beyoncé,” a documentary about the artist’s record-breaking world tour, raked in $21 million since its Friday opening, according to BoxOfficeMojo. It opened in

By Donie O’Sullivan and Clare Duffy, CNN (CNN) — A nationally recognized online disinformation researcher has accused Harvard University of shutting down the project she led to protect its relationship with mega-donor and Facebook founder Mark Zuckerberg. The allegations, made by Dr. Joan Donovan, raise questions about the influence the tech giant might have over seemingly independent research. Facebook’s parent