CNN – Business/Consumer

By Jordan Valinsky, CNN Business Molson Coors is typically known for its lineup of beers and booze, but its newest drink isn’t either. Enter “Roxie,” the company’s first-ever zero-proof canned cocktail sold exclusively online beginning Tuesday. Its arrival comes as Molson Coors broadens its portfolio beyond beer and expands into new growth categories that are

By Paul R. La Monica, CNN Business The crypto winter is apparently not over yet. Coinbase announced Tuesday that it was laying off 950 people, about 20% of its staff. The job cuts come only a few months after another major round of layoffs. The crypto brokerage firm let 1,100 people go in June, about

By Nicole Goodkind, CNN There are two certainties in today’s market: The tech sector has been beaten down and interest rates are higher. And while analysts widely anticipate an easing in the Fed’s rate hikes this year, institutional investors are increasingly using a dangerous tactic to take advantage of market falls. That shift could be

By Matt Egan In a positive sign for inflation-weary consumers, online prices dropped in December as retailers resorted to deep discounts to lure shoppers, according to a Tuesday report from Adobe Analytics. Adobe said e-commerce prices were 1.6% lower than the year before, marking the fourth consecutive month of annual price declines. For many years,

By Ramishah Maruf, CNN A federal agency is considering a ban on gas stoves, a source of indoor pollution linked to childhood asthma. Richard Trumka Jr., a US Consumer Product Safety commissioner, set off a firestorm this week by saying in an interview with Bloomberg that gas stoves posed a “hidden hazard” and suggested the

By Alicia Wallace, CNN US consumers’ credit-hungry approach to spending continued in November, with borrowing rising by nearly $28 billion, according to Federal Reserve data released Monday. The monthly increase, which was driven by higher rates of revolving credit, was below the $29.12 billion jump seen in October but extends a historic stretch of reliance

By Chris Isidore, CNN The 7,000 nurses who went on strike in New York Monday say the 19% pay hike that hospital management offered them was never the main issue. “We are not out here for wages. We are out here because we want the patients’ safety,” said Lorena Vivas, a nurse at Mount Sinai

By Paul R. La Monica, CNN It’s only early January, but so far in 2023 the pendulum on Wall Street has swung (to paraphrase Billy Joel) from sadness to euphoria. Stocks are off to a solid start following last year’s dismal performance. Even though the Dow fell more than 110 points, or 0.3%, to close

By Pete Muntean Federal regulators want to know what Elon Musk meant in a Tweet about disabling driver alerts on Tesla’s “Full Self Driving” driver assist system. The National Highway Traffic Safety Administration confirmed Monday that it is in contact with Tesla about Musk’s tweet in which he “agreed” that Tesla drivers should be allowed

By Anna Cooban, Jackie Wattles, Tom Foreman, and Ross Levitt CNN Virgin Orbit’s modified Boeing 747 jet — dubbed “Cosmic Girl” — took off Monday from Newquay in England’s Cornwall county, 245 miles west of London, in a first launch for the country from UK soil. But nearly two hours after the plane left the

By Parija Kavilanz, CNN Disgraced former McDonald’s CEO Steve Easterbrook will pay $400,000 to settle charges that he allegedly misled investors about the circumstances of his 2019 firing following a relationship with an employee. According to the Securities and Exchange Commission, McDonald’s fired Easterbrook for “engaging in an inappropriate personal relationship with a McDonald’s employee