CNN – Business/Consumer

Ride-hailer Didi raised $4.4 billion in the IPO, giving it a valuation of more than $67 billion. CNN’s Clare Sebastian reports.

By Hanna Ziady, CNN Business The collapse in international tourism due to the coronavirus pandemic could cost the global economy as much as $2.4 trillion this year, as the uneven rollout of vaccines devastates developing countries that are highly dependent on overseas visitors. In a report published Wednesday, the United Nations Conference on Trade and

By Jack Guy, CNN Business A prototype flying car has completed a test flight between two cities in Slovakia, spending 35 minutes airborne. Klein Vision’s AirCar flew between Nitra and the capital Bratislava on Monday, according to a press release published Wednesday. The AirCar Prototype 1 is powered by a 160 horsepower BMW engine, and

By Anneken Tappe, CNN Business What labor shortage? America’s private sector employers added 692,000 jobs in June, according to Wednesday’s ADP Employment Report. That exceeded Wall Street analysts’ expectations. While employers complain that they can’t find enough workers, the battered leisure and hospitality industry still registered by far the most job growth at 332,000 new

By Julia Horowitz, CNN Business The Delta coronavirus variant, first detected in India, is now causing cases to surge in the United Kingdom. Health experts are increasingly concerned about its spread in Europe and the United States. But investors have largely brushed off the risks, confident that vaccination campaigns will prevent the need for new

By Michelle Toh, CNN Business Didi went public Wednesday in the biggest US share offering by a Chinese company since Alibaba debuted in 2014. Stock in China’s biggest ride-hailing service started trading in New York at about $16.65, a nearly 20% jump from its initial public offering price of $14 a share. Didi raised $4.4

By Laura He, CNN Business China is in the middle of a huge power crunch as extreme weather, surging demand for energy and strict limits on coal usage deliver a triple blow to the nation’s electricity grid. It’s a problem that could last for months, straining the country’s economic recovery and weighing on global trade.

Host Tucker Carlson made explosive claims against the NSA, but his Fox News colleagues didn’t pick up the story.

By Danielle Wiener-Bronner, CNN Business Starbucks knows that certain off-menu drinks dreamed up by its customers have become popular. So it’s trying out a way to let people order them more easily. The company started a limited test on Tuesday that lets customers order two custom beverages through Facebook or Instagram. Customers who see the

United Airlines is buying 270 jets, the largest aircraft purchase in the company’s history and the biggest order by any airline in about a decade. CNN’s Pete Muntean reports.

United Airlines is buying 270 jets, the largest aircraft purchase in the company’s history and the biggest order by any airline in about a decade. CNN’s Pete Muntean reports.

By Nathaniel Meyersohn, CNN Business Stores have a glut of job openings to fill. One chain hopes automation is a solution to the pressure. DSW is piloting self-checkout stands in stores in “response to hiring challenges,” said Karen Cho, senior vice president of human resources at Designer Brands, owner of the shoe chain, in an

By Oliver Darcy, CNN Business Fox News host Tucker Carlson made an explosive claim on his show Monday night: That he had learned through a whistleblower that the National Security Agency is spying on him and planning to leak his communications in a bid to take him off the air. “The Biden administration is spying

CNN analyst Max Boot reacts to Fox News host Tucker Carlson referring to Gen. Mark Milley as a stupid pig after Milley’s forceful rebuke of renewed efforts from Republican members of Congress to question the Defense Department’s diversity efforts and alleged embrace of “critical race theory.”

Host Tucker Carlson made explosive claims against the NSA, but his Fox News colleagues didn’t pick up the story.

By Matt Egan, CNN Business Unemployment is shrinking. The stock market is booming. Americans are returning to the skies and even to movie theaters. And yet Republicans are deeply worried about the state of the economy. Even though the US economy is expected to grow this year at the fastest pace in decades, consumer sentiment

By Anneken Tappe, CNN Business Americans feel more confident now than at any point during the pandemic, new data from The Conference Board showed Tuesday. The consumer confidence index rose to 127.3 points in June, according to the Conference Board. That was its highest level since February 2020, right before the Covid-19 outbreak first swept

By Paul R. La Monica, CNN Business So much for big tech stocks falling out of favor. Facebook has soared almost 30% this year and Mark Zuckerberg’s social media giant is now worth more than $1 trillion. It’s not the only giant of the Nasdaq hitting new milestones. Microsoft topped the $2 trillion valuation mark