Money

By Chris Isidore, CNN New York (CNN) — It wasn’t long ago that China was by far the largest and most profitable market for General Motors. While the company was hemorrhaging money in North America and Europe, and hurtling towards bankruptcy and a bailout, sales and profits from China allowed it to keep the lights

By Kaitlan Collins, Devan Cole and John Fritze, CNN (CNN) — President-elect Donald Trump met with the head of TikTok at his Mar-a-Lago club Monday afternoon, a person familiar with the meeting told CNN, as the social media giant is asking the Supreme Court to wade into a court fight over use of the app

By Hadas Gold, CNN New York (CNN) — President-elect Donald Trump had not been terribly successful in suing media organizations until this weekend when ABC News agreed to settle a closely-watched defamation case he brought against the network to the tune of $16 million. Now, Trump is expanding his threats of legal action against the

By Anna Cooban, CNN London (CNN) — Royal Mail, which dates back to the reign of Henry VIII in the 1500s, is set to be sold to a Czech billionaire in a deal that will keep the institution based in Britain. Daniel Křetínský’s EP Group has made “legally binding commitments” to the UK government as

By Elisabeth Buchwald, CNN New York (CNN) — It’s not March 2020, but it sure feels a lot like it for Herschel Wilson. Wilson started building up a small stockpile of essential goods for his three pets and family of five based in Tacoma, Washington, in August, after Donald Trump had been named the Republican

By Samantha Delouya, CNN (CNN) — Two years ago, Elizabeth Grantham decided she didn’t want to rent much longer, so she moved from her hometown in the pricey San Francisco Bay Area to Washington state to save up to buy a home. “Our rent was getting raised every year. Even the cost of the parking

By Anna Cooban, CNN London (CNN) — It’s a problem as intractable as the riddle of the Sphinx: How do you make a vegan cheese that people actually want to eat? Formo, a Berlin-based biotechnology company, thinks it has found the answer in a minuscule fungus, Koji, that has given that distinctive umami flavor to

By Auzinea Bacon, CNN (CNN) — The CEO of a company that makes high-end backpacks said he and his employees have received threats after reports he contacted a police tip line when he spotted one of the company’s bags in the surveillance video of the shooting of UnitedHealthcare CEO Brian Thompson. Peter Dering, the founder

By John Towfighi, CNN (CNN) — At the Sheephaven Bay pub in London, tucked just behind Camden High Street, Guinness accounts for more than 50% of draft beer sales. Owner Pat Logue told CNN that this year he’s already sold double the amount of Guinness that he did two years ago. The Irish stout, known

By Alicia Wallace, CNN Rochester, Minnesota (CNN) — On the Sunday before Thanksgiving, a grocery store here was plumb out of eggs. An hour and a half north in Richfield, some eggs could be had, but they weren’t cheap. That dozen cost $1.70 more — a good 40% higher — than it did just four

By Erika Tulfo, CNN (CNN) — The countdown to Christmas is on, but the threat of delayed packages could dampen the holiday spirit. Winter storms, out-of-stock items, ground shipping risks and a host of other issues could spell out shipping slowdowns in the days leading up to Christmas Eve. More than half of Americans say

By Hien An Ngo, CNN (CNN) — Buy now, Pay Later services had their best day yet on Cyber Monday, with consumers spending a record-breaking $991.2 million, according to Adobe Analytics. With holiday shopping now in full swing, US consumers are making more purchases using these services, which are known in the industry as BNPL.

By Brian Fung, CNN Lina Khan has enraged corporate America. She wielded one of the world’s most powerful government departments, the Federal Trade Commission, to challenge big corporate mergers and to issue new regulations intending to give workers and consumers more rights. Business leaders, consequently, wanted her fired. And with the incoming Trump administration, they’re

By Auzinea Bacon, CNN (CNN) — TikTok has plans for another appeal as it faces a ban on January 19. The DC Circuit Court of Appeals on Friday rejected a temporary pause on the ban of TikTok, calling such a block “unwarranted” and paving the way for the Supreme Court to potentially decide the fate

By Erika Tulfo, CNN (CNN) — Aakaanksh Autade was iffy on TikTok Shop, TikTok’s in-app shopping feature, when it launched last year. Then the content creator grossed over $100,000 in sales when he hosted a live event on Black Friday and went from skeptic to believer. Autade is known for sharing tech-related tips and tricks

By Clare Duffy, CNN New York (CNN) — People in New Jersey are freaking(!) out(!) about sightings of what they say appear to be “giant drones” flying around at night. Government officials have said at least some of those sightings are just regular, old commercial flights. Turns out, there are a few apps that could

By John Towfighi, CNN (CNN) — The last time Sony was worth this much on the stock market, Bill Clinton was president and the PlayStation 2 was about to debut on American store shelves. It’s been a rough past two and a half decades for Sony, the 78-year-old company that invented the Walkman and the