CNN – Business/Consumer

By Nicole Goodkind, CNN Business After a period of angst, Americans appear to be feeling a bit better about the economy. What’s happening: The Conference Board’s consumer confidence index for August, scheduled for release later today, is expected to increase by 1.8 points to 97.5, according to Goldman Sachs analysts. That comes after three consecutive

By Diksha Madhok, CNN Business Indian billionaire Mukesh Ambani has laid out plans to hand his sprawling business empire to his children, while insisting he has no intention of retiring any time soon. Ambani, 65, set out his succession plan on Monday, telling shareholders in his Reliance Industries conglomerate that his three children are “first

By Nectar Gan and CNN’s Beijing bureau China’s southern city of Shenzhen on Monday shut down the world’s largest electronics market and suspended public transport nearby as authorities enforced neighborhood-wide lockdowns in response to a small number of Covid cases. Huaqiangbei, a busy shopping area home to thousands of stalls selling computer components, mobile phone

By Michelle Toh, CNN Business Gautam Adani was already Asia’s richest man. Now he’s also the world’s third richest person, overtaking LVMH chairman Bernard Arnault and becoming the first Asian person to take that spot, according to Bloomberg and its Billionaires Index. Adani, who runs one of India’s top conglomerates, is now believed to be

By Zoe Sottile, CNN Madam. C.J. Walker, the first self-made female millionaire in the U.S., is the next female role model to be honored in Barbie’s line of Inspiring Women dolls. Walker, the daughter of former slaves, was born as Sarah Breedlove. She achieved enormous success by founding Walker Manufacturing Co., a line of haircare

By Ramishah Maruf, CNN Soaring inflation has made almost everything more expensive. And it has significantly increased the cost of one major budget buster — raising kids. It now costs $310,605 for a married middle-income couple with two children to raise their youngest child from birth through high school, according to a recent estimate from

By Matt McFarland, CNN Business Honda has struck a deal with Korean battery giant LG Energy Solution to build a $4.4 billion US factory to supply its electric vehicles. The partners haven’t announced where in the United States they’ll build the factory. They said in a joint news release Monday that they plan to begin

By Julia Horowitz, CNN Business Power prices in Europe continue to smash records, intensifying the region’s energy crisis and fanning fears about access to electricity and heating as the weather begins to cool. German power prices for next year, which are considered Europe’s benchmark, briefly jumped above €1,000 ($999.80) per megawatt hour on Monday before

Opinion by Kara Alaimo for CNN Business Perspectives The latest bombshell about Twitter’s alleged lack of security and potential vulnerabilities is yet another sign that social media networks shouldn’t be trusted to regulate themselves. Last month, Twitter’s former head of security, Peiter “Mudge” Zatko, told Congress and federal agencies that the company’s security practices pose

By Paul R. La Monica, CNN Business Welcome to the lazy, crazy days of summer on Wall Street. Stocks fell again Monday in a choppy session. So it looks like investors weren’t completely ready to buy the proverbial dip in the absence of any major news. The Dow finished Monday down nearly 185 points, or

By Laura He, CNN Business The Chinese yuan sank to the lowest level in two years after hawkish comments by Federal Reserve chairman Jerome Powell spurred a recent rally for the greenback. The yuan — also known as the renminbi — lost about 0.5% against the dollar on Monday in offshore trading outside mainland China.