CNN – Business/Consumer

By Nicole Goodkind, CNN Business For the first time in 20 years, the exchange rate between the euro and the US dollar is nearly the same — the two currencies are less than one cent away from parity. The euro hovered around $1.004 on Monday afternoon, down about 12% since the start of the year.

By Julia Horowitz, CNN Business When Elon Musk announced his intention to buy Twitter almost 90 days ago, the world — and financial markets — looked different. The S&P 500 was 14% higher and had yet to enter a bear market. The war in Ukraine and inflation concerns had pushed investors into selling mode, but

By Laura He, CNN Business Chinese stocks fell on Monday as the threat of new Covid restrictions and a renewed regulatory offensive against big tech companies sapped investor confidence. Casinos in the gambling hub of Macao were ordered to close for the first time since February 2020 because of a Covid outbreak, sending shares of

By Nectar Gan, CNN Chinese authorities on Sunday violently dispersed a peaceful protest by hundreds of depositors, who sought in vain to demand their life savings back from banks that have run into a deepening cash crisis. Since April, four rural banks in China’s central Henan province have frozen millions of dollars worth of deposits,

By Ramishah Maruf, CNN After announcing he wants out of his deal to buy Twitter, Elon Musk spent the weekend in Idaho at the Sun Valley Conference. He spoke on stage, essentially off the record, but a source in the room told CNN’s chief media correspondent Brian Stelter that Musk tripled down on his decision

By Frank Pallotta, CNN Business The God of Thunder still has some pop. “Thor: Love and Thunder,” the latest film in the Marvel Cinematic Universe, made an estimated $143 million domestically for its opening this weekend, according to Disney. That number is on par with industry expectations, which had the film making around $150 million

By Nicole Goodkind, CNN Business Earnings season is upon us once again! It’s just like the holiday season except instead of presents and sweets we get financial results and conference calls. Big bank earnings will mark the unofficial beginning of the second quarter earnings period when they report next week, starting with JPMorgan Chase on

by Alexandra Peers, CNN Business Sixty years ago today, the pop artist Andy Warhol unveiled a wall of 32 Campbell Soup can paintings at a Los Angeles gallery, one for each flavor of soup then in production. Not long after, the company sent over a lawyer. Thus began a decades-long hate-love relationship between the artist

By Nathaniel Meyersohn, CNN Business “Unexpected item in the bagging area.” “Please place item in the bag.” “Please wait for assistance.” If you’ve encountered these irritating alerts at the self-checkout machine, you’re not alone. According to a survey last year of 1,000 shoppers, 67% said they’d experienced a failure at the self-checkout lane. Errors at

By Matt McFarland, CNN Business Argo AI, the self-driving company backed by Ford and Volkswagen, is shutting down its Washington, DC operation as part of a broader round of layoffs impacting about 150 people across the company. Ford had planned to launch a robotaxi service in DC last year with Argo AI’s technology, but the