CNN – Business/Consumer

By Nathaniel Meyersohn, CNN New York (CNN) — In the 1910s, US cities began enacting policies that would shape neighborhoods and, unintentionally, lay the roots for the severe housing shortage today: single-family zoning laws. Zoning laws, at their most basic, follow a simple concept. In one part of town, only factories can be built. In

By Samantha Delouya, CNN (CNN) — Billionaire investor Leon Black struck a multi-million dollar settlement with the government of the US Virgin Islands to avoid any legal claims tied to a Jeffrey Epstein sex-trafficking investigation. According to a settlement document obtained by CNN, Black agreed in January to pay the Virgin Islands government $62.5 million

By Michelle Toh, CNN Hong Kong (CNN) — What happens when Asia’s biggest potato chip maker runs out of potatoes? Japanese snack brand Calbee had to learn the hard way. Extreme weather disruptions and supply chain snags forced the company to hike prices three times last year and rethink how it sources its most important

By Samantha Delouya, CNN Los Angeles (CNN) — Wells Fargo is once again cleaning up trouble with its customers’ bank accounts, and there are several steps you can take if you’ve been affected. Some customers of the bank have said they are unable to view or access money deposited into their accounts. In social media

By Peter Valdes-Dapena, CNN New York (CNN) — The president and chief executive of Nikola, the Arizona-based electric and hydrogen semi truck manufacturer, is leaving the company effective immediately, the company announced Friday. Michael Lohscheller is leaving the company so that he can return to Europe to focus on a family health emergency, the company

By Brian Fung, CNN Washington (CNN) — Google will not have to face allegations by dozens of states that the tech giant’s design of its search results page has harmed rivals, such as Yelp or Expedia, a federal judge ruled in an opinion unsealed Friday, just weeks before the closely watched antitrust case is set

By Catherine Thorbecke, CNN (CNN) — Google unveiled new privacy updates this week that lets US users have a wee bit more control over the search results that pop up about themselves online. The tech giant said that it was rolling out a new dashboard that will let you know if web results with your

By David Goldman, CNN New York (CNN) — Tupperware was left for dead; a relic of a lost time when leftovers storage had but one dominant market player. So why is its stock up 47% today? The company, which just four months ago said it had doubts about whether it can remain afloat announced late

By Brian Fung, CNN (CNN) — The Federal Communications Commission on Thursday cracked down on a massive illegal robocall operation responsible for billions of auto-warranty scam calls in recent years, with regulators imposing a record $300 million fine on what authorities said is the largest such network it has ever investigated. The globe-spanning illegal operation

By Anna Cooban, CNN London (CNN) — Global food prices ticked up last month after Russia pulled out of a deal to allow the safe passage of ships carrying grain from Ukrainian ports. The United Nations’ Food and Agricultural Organization (FAO) said Friday that its global Food Price Index rose 1.3% in July compared with the

By Ellie Stevens, CNN (CNN) — Mattel says it is conducting a nationwide job search for a “Chief Uno player.” The salary: $277 an hour. The toy company is hiring someone to promote the release of their new game, Uno Quatro. The chosen applicant will be paid $4,444 a week for four weeks to play

By Alicia Wallace, CNN Minneapolis (CNN) — The US job market has returned to pre-pandemic form. Employers added just 187,000 jobs in July, slightly above the monthly average seen in the decade before the pandemic, according to new data released Friday by the Bureau of Labor Statistics. Economists were expecting a net gain of 200,000

By Matt Egan, CNN New York (CNN) — This summer’s historic heatwave is making life more expensive for American drivers. Even as inflation cools across most of the economy, gasoline prices have surged to nine-month highs this week. Extreme heat is contributing to this unwelcome price spike. The problem is that refineries, like humans, can’t

By Rhea Mogul, CNN (CNN) — India has placed restrictions on the import of computers and laptops in a surprise move from the government of Prime Minister Narendra Modi which has been trying to encourage domestic manufacturing in the tech sector. Importers will now need to apply for licenses in order to bring laptops, tablets,

By Samantha Delouya, CNN Los Angeles (CNN) — Wells Fargo is dealing with a technical issue that has resulted in customers reporting that their direct deposits had disappeared from their bank accounts. On Thursday, a torrent of customers contacted Wells Fargo via Twitter, now officially branded as ‘X,’ claiming they could not access money that

By Jessica Xing, CNN (CNN) — The New York City Council approved a bill Thursday to make the pandemic-era outdoor dining program a permanent part of the city, with some restrictions, according to the Office of New York City Mayor Eric Adams. The city instituted the outdoor dining program in 2020 under the administration of

By Allison Morrow, CNN New York (CNN) — The gulf between a CEO’s paycheck and their typical employee’s has always been vast. But the advent of AI is already threatening to exacerbate that gap, enriching the C-suite at the expense of their employees, according to a new report from the AFL-CIO. The average CEO compensation

By Parija Kavilanz, CNN New York (CNN) — “Swifties” heading to Los Angeles to see Taylor Swift concerts this week may find a large number of staff at their hotels on strike when they get there. The union representing 15,000 hotel workers who have been staging a series of rolling strikes since the start of

By Catherine Thorbecke, CNN (CNN) — Apple said Thursday that its revenue slipped 1% to $81.8 billion for its quarter ending July 1, marking the third consecutive year-over-year drop in quarterly revenue for the world’s most valuable company. There were some bright spots, however. The company said its services revenue reached a new all-time high