Money

By Michelle Toh, CNN London (CNN) — Mercedes-Benz has just unveiled new “close-to-production” concept vehicles that could outdo Tesla cars by going more than 466 miles on a single charge. That’s compared with a range of less than 380 miles for any Tesla model. The German automaker’s Concept CLA Class, revealed Sunday at the IAA

CNN By Berry Wang and Michelle Toh, CNN Hong Kong (CNN) — Luckin Coffee has joined forces with Kweichow Moutai, the maker of China’s fiery national liquor baijiu, for an unusual offering: alcoholic lattes. The popular Chinese coffee chain rolled out the so-called “sauce-flavored latte” with a jolt of liquor for 38 yuan ($5.20) on

By Allison Morrow, CNN New York (CNN) — “The Equalizer 3,” Denzel Washington’s third go as brooding assassin Robert McCall, debuted at the top of the US box office this weekend, raking in $34.5 million. Globally, the film raked in $60.6 million, according to Comscore. Audiences have given it a 94% approval rating on Rotten

By Chris Isidore, CNN New York (CNN) — Since last year’s Labor Day, US unions have flexed their muscle in a way not seen in decades. They’ve scored some big victories amid some defeats. “It’s been a good year for unions,” said Art Wheaton, director of labor studies at Cornell University’s Industrial and Labor Relations

CNN By Chris Isidore, CNN New York (CNN) — Since last year’s Labor Day, US unions have flexed their muscle in a way not seen in decades. They’ve scored some big victories amid some defeats. “It’s been a good year for unions,” said Art Wheaton, director of labor studies at Cornell University’s Industrial and Labor

By Elisabeth Buchwald, CNN New York (CNN) — According to private payroll processor ADP, US employers hired 455,000 new workers in June. Meanwhile, in its monthly tally, the Bureau of Labor Statistics said 105,000 new workers were hired. But for August, the two arrived at similar estimates — ADP reported on Wednesday that 177,000 new

By Berry Wang and Michelle Toh, CNN Hong Kong (CNN) — Luckin Coffee has joined forces with Kweichow Moutai, the maker of China’s fiery national liquor baijiu, for an unusual offering: alcoholic lattes. The popular Chinese coffee chain rolled out the so-called “sauce-flavored latte” with a jolt of liquor for 38 yuan ($5.20) on Monday.

By Laura He, CNN Hong Kong (CNN) — Investors in embattled Chinese property giant Country Garden are breathing a collective sigh of relief Monday, after it reportedly won approval from local creditors to delay repayments on a maturing bond, averting the threat of a default — at least for a few days. It was the

By Ramishah Maruf, CNN New York (CNN) — Labor Day is here, which means summer is winding down and schools are reopening. The first Monday in September also commemorates the American labor movement and contributions workers have made to the US economy. Since it’s a bank holiday, many Americans will be traveling or hosting their

By Eva Rothenberg, CNN (CNN) — The economic relationship between the US and China is mutually beneficial and opening lines of communication is key to maintaining it, US Commerce Secretary Gina Raimondo told CNN’s Dana Bash on Sunday. Raimondo concluded a four-day visit to the world’s second-largest economic power last week. She is the fourth

By Anna Bahney, CNN Washington, DC (CNN) — Housing is less affordable than it has been in about four decades. But buying or renting a home might be even less affordable now if it weren’t for the continuing impact of remote and hybrid workers that resulted from the pandemic, according to a recent study by

By Heather Law and Heather Chen, CNN (CNN) — Billionaire businessman Terry Gou has resigned from the board of directors of Foxconn, the world’s largest electronics manufacturer, days after announcing his bid for Taiwan’s presidency. In a statement to CNN, Foxconn’s parent company Hon Hai Technology Group confirmed Gou’s resignation and said it “would not

By Eva Rothenberg, CNN New York (CNN) — SAG-AFTRA’s National Board is unanimously seeking permission from union members to strike against a number of video game makers ahead of negotiations resuming later this month. The union’s initial contract with major video game companies, the Interactive Media Agreement, was extended past its initial expiration date last

Natasha Chen, Jack Hannah, and Conor Powell, CNN (CNN) — The Hawaii Tourism Authority announced Friday it approved more than $2 million to help rebuild Hawaii’s struggling tourism industry. The agency said West Maui accounts for 15% of Hawaii’s total tourism revenue, and since the deadly wildfires, the state has lost roughly $9 million per

By Samantha Delouya, CNN Los Angeles (CNN) — On what is usually the first Friday of every month, the US Bureau of Labor Statistics releases its Employment Situation Summary, or monthly jobs report, formally known as the “nonfarm payroll” report. It’s an economic snapshot that provides crucial information about job losses and gains and the

By Samantha Delouya, CNN (CNN) — It’s a tale of two retailers. One reported strong sales on Thursday, while the other warned it may experience a sales decline for the year. Earnings reports this week from two companies — the higher-end Lululemon and the discount chain Dollar General — show how inflation and the post-pandemic

By Bryan Mena, CNN Washington, DC (CNN) — The long-robust US job market is continuing to cool, according to several economic indicators released this week. That marks some progress for the Federal Reserve, which is looking for weaker job creation and an overall slowdown in demand in order to defeat inflation. Specifically, Fed Chair Jerome

By Parija Kavilanz, CNN Business New York (CNN) — Parents aren’t alone in feeling the extra pinch in the wallet this year in paying for back-to-school necessities. Teachers, too, are digging deeper to meet their classroom needs out of pocket. Sarah Adkins, a third grader teacher with Pennoyer School District 79, a Northwest Chicago surburban

By Danielle Wiener-Bronner, CNN New York (CNN) — If you stroll through the real or virtual aisles of a Japanese store, you might find Kit Kats in flavors like salt lemon, caramel pudding, whole grain biscuit, melon, and milk tea. Good luck finding those at Target or Walmart in the US. Kit Kat aficionados know