CNN – Business/Consumer

By Peter Valdes-Dapena, CNN Business Ford unveiled an all-new version of the two-door Mustang coupe at an event in Detroit Wednesday night. It has a new body design and new engine options, but the one thing it won’t have is electric motors. The new Mustang will be offered only with pure gasoline power, at least

By Allison Morrow, CNN Business Unless we get a breakthrough soon in deadlocked negotiations, Friday will mark the beginning of the first national rail strike in 30 years (which we wrote about in Monday’s newsletter). ICYMI: Tens of thousands of train workers are ready to walk off the job just after midnight tomorrow night unless

By Kate Trafecante, CNN Patagonia’s founder is transferring ownership of the company after nearly 50 years into two entities that will help fight the climate crisis. Patagonia is a private company based in Ventura, California, that sells outdoor apparel and equipment. Yvon Chouinard founded the company in 1973. Patagonia said in a press release on

By Chris Isidore and Vanessa Yurkevich, CNN Business Talks aimed at averting a freight railroad strike that could cripple US supply chains continued overnight into Thursday. If the strike goes ahead early Friday, it could send prices higher for goods from gasoline to food to cars. Two rail unions, representing more than 50,000 engineers and

By Danielle Wiener-Bronner, CNN Business Starbucks is rolling out a sweeping plan to spark growth over the next three years — from faster Frappuccinos to more digital rewards. On tap: New equipment that makes it easier for baristas to prepare complicated drinks in seconds. Thousands of new US stores. A more reliable mobile app with

By Chris Isidore and Vanessa Yurkevich, CNN Business The US economy can keep running without freight trains — but not for long. That is why the risk of the first national railroad strike in 30 years is so worrying to economists and businesses. A brief work stoppage — some previous rail strikes have lasted only

By Paul R. La Monica, CNN Business Tuesday’s massive stock market meltdown should serve as a reminder to investors that in times of turmoil, it pays to own shares of companies that also pay you. Dividend paying stocks are in vogue again, even as long-term government bond yields have surged dramatically this year. Traders seem

Opinion by Todd Greene, Ioana Marinescu, Jake Rosenfeld and Elisabeth Jacobs for CNN Business Perspectives Each day seems to bring new headlines of low-wage workers coming together to start a union. A historically tight labor market has given rise to a new era of worker power, although the conditions workers are protesting are far from

By Alicia Wallace, CNN Business Just one day after August’s disappointing Consumer Price Index report triggered a meltdown on Wall Street, a separate inflation report indicated that wholesale price increases are showing signs of improvement. The Producer Price Index, which tracks average changes in the prices paid to producers of goods and services, was up

By Jordan Valinsky, CNN Business Fred Franzia, the man behind “Two Buck Chuck” and other value-priced wines that revolutionized the industry, has died. He was 79. Bronco Wine Company, the 49-year-old company he helped create with his brother and cousin, announced his death on Facebook, writing that it’s “truly saddened by the passing of its

By Nicole Goodkind, CNN Business Investors are getting spooked that the Federal Reserve’s aggressive interest rate hikes could damage the US economy (just look at Tuesday’s selloff). One area of growing concern: housing. Interest rate hikes can lead to higher mortgage rates, which could cause people to think twice about buying a home. So far,

By Alicia Wallace, CNN Business Weather has long been a fickle farmhand, devastating fields one year while delivering bountiful harvests the next. But as extreme weather events increase in frequency or become even more intense, the unpredictability is becoming more of an economic liability. As the United States continues to battle high inflation, the effects

By Michelle Toh and Julia Horowitz, CNN Business Markets steadied early Wednesday after US stocks logged their worst day since June 2020, plunging on news that inflation in August was higher than expected. Shares in Europe were mixed. Germany’s DAX dropped 0.2% in early trading, while France’s CAC 40 was flat. The FTSE 100 in