Money

By Frank Pallotta, CNN Business “Stranger Things 4 — Vol. 2″ hits Netflix this weekend, and the kids from Hawkins, Indiana, are back at just the right time for the streaming giant. It’s been an awful 2022 for Netflix. Its stock is down 70% this year. In April, the company reported that it lost subscribers

By Diksha Madhok, CNN Business One of the world’s richest men is launching Pret A Manger in India, adding the British coffee and sandwich store brand to a huge business empire that spans energy, retail and telecommunications. A unit of Mukesh Ambani’s conglomerate Reliance Industries said on Thursday that it has entered into a “long-term

By Laura He, CNN Business Hong Kong’s new leader John Lee on Friday vowed to strengthen the city’s standing as a global business hub, but he gave no hint of diverging from Beijing’s insistence on strict zero-Covid rules. The former British colony’s reputation as an international financial center has been battered during the last two

By Nicole Goodkind, CNN Business The S&P 500 has posted its worst first half in more than 50 years, dropping 20.6% during the first 6 months of 2022. Stocks closed down on Thursday as Wall Street said goodbye to a dismal second quarter and first half of the year. All three major indexes ended the

CNN By Lucy Bayly, CNN Business Consumer expectations for prices to continue rising over the next year increased to the highest level on record, according to the latest Survey of Consumer Expectations from the Federal Reserve Bank of New York, released on Monday. Median short-term inflation expectations ticked up to 6.8% in June from 6.6%

By Alicia Wallace, CNN Business An inflation gauge closely followed by the Federal Reserve showed consumer prices remained flat in May, indicating that inflation had yet to abate despite the central bank’s initial efforts to cool the economy. The monthly Personal Consumption Expenditures price index increased by 6.3% for the year ended in May, the

By Jordan Valinsky, CNN Business Clearly, this isn’t your father’s RadioShack. The zombie retailer’s Twitter account contains a stream of explicit comments, vulgarities and a bunch of drug references. Many companies have edgy social media presences, but not like this. So what’s going on? RadioShack is trying to sell you cryptocurrency — with an attitude.

By Julia Horowitz, CNN Business Dealmaking booms when markets are stable and businesses are feeling good about the economy and access to financing. When conditions deteriorate, confidence flags, and the number of companies going public or pursuing takeovers drops. That’s what is happening now. Details, details: The number of global initial public offerings, or IPOs,

By Laura He, CNN Business China’s huge manufacturing and service industries just saw their first month of growth since February, according to surveys published Thursday, as Covid restrictions were eased in many cities. But the shadow of further lockdowns still looms over the world’s second biggest economy as Beijing sends mixed messages about the best

By Matt McFarland, CNN Business Tesla is increasingly turning to machines rather than humans as it attempts to develop autonomous vehicles. As part of Tesla’s plans to cut 10% of salaried staff, the company has laid off a significant number of its data annotation specialists. These specialists do grunt work that is critical to empowering

CNN, CNNBUSINESS By Anna Cooban, CNN Business It’s getting harder for shoppers in the United Kingdom to find Heinz baked beans. Blame food price inflation. Tesco, the country’s biggest supermarket chain, has stopped selling some products made by Kraft Heinz in a dispute over prices. Kraft Heinz is behind some of the country’s favorite pantry