CNN – Business/Consumer

By Matt Egan, CNN Business Devastating heat. Debilitating droughts. Crippling frost. Extreme weather is creating nightmares for farmers around the world — and making food more expensive for Americans. Arabica coffee futures have almost doubled over the past year to seven-year highs as Brazil grapples with frost conditions that have wiped out crops. Retail coffee

By Diksha Madhok, CNN Business Middle-Earth is moving from New Zealand to the United Kingdom. Amazon Studios announced Thursday that it is moving the filming of the second season of its highly anticipated, and extremely expensive, “Lord of the Rings” series to the United Kingdom. “The shift from New Zealand to the UK aligns with

By Laura He, CNN Business China’s worst coronavirus outbreak in a year has authorities taking dramatic measures to stamp out new infections. But while locking down cities, canceling flights and suspending trade may bring the virus back under control, those actions risk stalling an already precarious recovery. The country’s latest struggles began as the Delta

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. The US presence in Afghanistan, often lamented as the “forgotten war,” is front of mind right now. The lead story on the NYTimes.com home page is “Afghanistan collapse accelerates as

By Chris Isidore, CNN Business Electric truck maker Nikola said Thursday it was approved for a $2 million grant from the Energy Department — news that comes despite the fact that the company’s founder and largest shareholder faces federal criminal charges for deceiving shareholders. The grant is to help Nikola develop refueling technologies for its

By Faith Karimi, CNN TikTok won’t send younger teens late-night notifications as part of a series of child safety measures announced Thursday. To promote positive digital habits — and perhaps help parents enforce bedtimes — accounts for children between ages 13-15 will not receive push notifications after 9 p.m., the company said. For teens between

By Moira Ritter, CNN Business Theme parks are back, and that’s good news for Disney, which on Thursday reported better-than-expected earnings and a return to revenue growth for the first time in five quarters. The company brought in $17 billion in sales, up 45% from same period last year. That’s a bit higher than Wall

By Brian Stelter, CNN Business Rachel Maddow, the highest-rated host on MSNBC, has held talks about leaving the cable news channel and launching her own new media ventures, according to sources who have spoken with her. Maddow may ultimately decide to renew her contract with MSNBC’s parent, NBCUniversal, the sources said. That’s what usually happens

By Ramishah Maruf, CNN Business Bill Gates has pledged $1.5 billion over three years for climate change partnerships with the Department of Energy, through his climate investment fund Breakthrough Energy. The $1.2 trillion bipartisan infrastructure bill — which still needs to be passed by the House — has more than $100 billion dedicated to addressing

By Nathaniel Meyersohn, CNN Business Adidas bought Reebok for $3.8 billion in 2006, back when Reebok was riding high and had deals with the NBA and NFL. Now, Adidas is selling the slumping brand for up to $2.5 billion. Adidas said Thursday that it had reached a deal with Authentic Brands Group to offload Reebok.

By Chauncey Alcorn, CNN Business Administrators and career service leaders at some of the nation’s top historically Black colleges and universities, also known as HBCUs, say recruitment of their students and graduates by major corporations has dramatically increased since the police murder of George Floyd more than a year ago. Public outrage spread globally after

By Paul R. La Monica, CNN Business Stocks are near record highs. Housing prices are soaring. Inflation is running wild. The Covid-19 pandemic has helped create a financial environment beset by unusual (and perhaps unsustainable) spikes in asset prices. The rapid shutdown of the economy in the spring of 2020 led to a brief but

By Alison Kosik and Moira Ritter, CNN Business The United States Postal Service really wants to get your holiday packages delivered on time. So it wants to start charging more. The postal service is requesting a temporary price increase on a variety of mail services for the peak holiday season to offset rising delivery costs.

By Chris Isidore, CNN Business Nostalgia has never been so expensive. Baseball celebrates the myth of its rural roots tonight when the New York Yankees meet the Chicago White Sox in a game adjacent to the field in rural Dyersville, Iowa, population 4,000, where the iconic 1989 movie “Field of Dreams” was filmed. Fans are

By Alexis Benveniste, CNN Business The original Barneys department store in New York City is going to be a ghost town — literally. The retail space, which was home to the luxury department store for almost a century, is transforming into a Spirit Halloween store. Spirit Halloween stores pop up around the country every year

By Anneken Tappe, CNN Business Just one day after America thought it was getting some relief on inflation, a new report showed we’re not out of the woods just yet. Producer price inflation, which measures the prices US producers receive for their goods and services, rose 7.8% over the 12 months ended in July. That

Opinion by Friso Van der Oord for CNN Business Perspectives Despite decades of reform efforts by regulators, shareholders and the independent director community, CEO pay continues to grow inexorably, far outpacing any gains to workers’ pay. Since 1993, the National Association of Corporate Directors (NACD) has said that CEO pay should be more in line

By Hanna Ziady, CNN Business America’s soaring price hikes moderated last month, signaling that inflation may have peaked. But investors should pay heed to another trend: the spread of higher prices across more sectors of the economy. What’s happening: Consumer price inflation remained elevated in July, according to the Bureau of Labor Statistics. Prices rose