CNN – Business/Consumer

By Jordan Valinsky, CNN Business Krispy Kreme’s second appearance on the public markets is off to a sweeter start than expected. The doughnut chain began trading Thursday and opened at $16.30 per share, which is about 4% below its initial public offering at $17. Since then, shares rebounded and closed nearly 25% higher on its

By Paul R. La Monica, CNN Business Clorox was one of the bigger beneficiaries of the Covid economy, as people rushed out to buy bleach, wipes and other disinfecting supplies. The company couldn’t keep wipes on store shelves. But now that nearly 155 million Americans are fully vaccinated and resuming normal activities, consumers aren’t practicing

By Hanna Ziady, CNN Business Gap will close all 81 of its stores in the United Kingdom and Ireland by the end of September and go fully online, as the brand adjusts to changes in shopping habits following the pandemic. The American apparel retailer, which owns Old Navy and Banana Republic, said in a statement

By Michelle Toh, CNN Business Elon Musk is applauding China on a momentous day for the country’s ruling political party. The Tesla and SpaceX CEO lavished praise on the country as it marked a special occasion Thursday: the 100th anniversary of the founding of the Chinese Communist Party. In a Twitter post, Musk wrote that

By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. “Thank God for a free press — which is doing the investigating and reporting that Congress should have done way before now,” Asha Rangappa wrote Wednesday. She was talking about

By Oliver Darcy, CNN Business Former Fox News host Ed Henry, who was fired in 2020 over a sexual misconduct allegation, filed a defamation lawsuit on Wednesday against the right-wing news network and chief executive Suzanne Scott. The lawsuit accused Scott of having “publicly smeared” Henry as a “sex criminal” when she released a statement

By Allison Morrow Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. TSK TSK A Wall Street regulator ordered Robinhood to pay about $70 million for “systemic supervisory failures” and hurting investors by giving them “false or misleading information.” That’s

By Matt Egan, CNN Business American drivers need OPEC and Russia to come to the rescue. Gasoline prices, averaging $3.12 a gallon in the United States according to AAA, are at seven-year highs just as millions of people hit the road for the July 4th holiday weekend. Some gas stations are even running out of

By Alicia Wallace, CNN Business It’s just about closing time on Thursday in early June and the regulars are catching up and winding down after a busy night of darts league. They shoot the breeze, fling back a couple of shots, and spout off lyrics (“get on your bikes and ride!”) to accompany the tunes

By Matt Egan, CNN Business Democrats are once again taking aim at dreaded bank overdraft fees. New York Congresswoman Carolyn Maloney reintroduced legislation on Wednesday that would crack down on overdraft fees, making it illegal for banks to charge more than one fee per month. The bill, which is very similar to legislation Maloney sponsored

By Chris Isidore, CNN Business Consumer Reports and the Insurance Institute for Highway Safety have once again given their thumbs up to the Tesla Model 3 after it passed a test of its new automatic braking system. As of May 1, Tesla switched from a radar-based system to a camera-based system it dubbed Tesla Vision

By Jordan Valinsky, CNN Business The Bill and Melinda Gates Foundation announced Wednesday that it is committing more than $2 billion to gender equality initiatives, including economic empowerment and woman’s health. “The world has been fighting for gender equality for decades, but progress has been slow,” Melinda Gates, co-chair of the Gates Foundation, said in

Workers, wielding new-found leverage from the pandemic, are being more selective. One company hired 412 employees offering a $2000 bonus if they stayed 90 days – yet many of them left.