CNN – Business/Consumer

By Chris Isidore, CNN Business President Joe Biden celebrated ambitious electric vehicles goals by automakers at the White House on Thursday. But he did so without the world’s largest maker of EVs: Tesla. Joining Biden were executives from General Motors and Ford, as well as Stellantis, the company formed by the merger earlier this year

By Brian Stelter, CNN Business “Jeopardy!” executive producer Mike Richards is in line to host the beloved game show starting in September. Sources with knowledge of the process say it is effectively a done deal, though it may not be announced until later in August. Variety reported Wednesday that “Richards is clearly the front-runner” and

By Matt Egan, CNN Business Major players on Wall Street are beginning to push back their return-to-office dates because of surging Covid-19 cases. Wells Fargo on Thursday said it would push back the reopening of its offices by about a month to early October, making it the biggest bank yet to shift gears because of

By Frank Pallotta, CNN Business Trey Parker and Matt Stone, the co-creators behind the long-running animated series “South Park,” have signed a new deal with ViacomCBS that will keep the cursing children of Colorado on Comedy Central through 2027. The deal extends the adventures of Stan, Kyle, Kenny, and Cartman through a 30th season. However,

By Jordan Valinsky, CNN Business Robinhood shares fell more than 27% Thursday following the previous day’s stratospheric rise. The selloff was sparked by a regulatory filing from the company saying that shareholders, including venture capital firm Andreessen Horowitz, will sell up to nearly 98 million shares over time. It’s been a roller coaster week for

Opinion by Julián Castro for CNN Business Perspectives Earlier this week, the US Centers for Disease Control and Prevention reinstated its eviction moratorium until October in places with a substantial number of Covid infections. While this was a necessary response to the nation’s dire housing affordability crisis — one that the pandemic has exacerbated —

By Julia Horowitz, CNN Business Earlier this year, when GameStop shares exploded out of the blue, all eyes were on Robinhood, the commission-free trading app that was helping millions of amateur investors gain access to financial markets. Coordinating on social media, the app’s users showed an uncanny ability to supercharge a wide array of stocks.

By Anneken Tappe, CNN Business America’s job market recovery is chugging along, but worries about the Delta variant derailing progress are rampant. Even as economists anticipate the best gains since last summer in Friday’s jobs report, persistently high unemployment claims and a big miss in the private sector payroll report put a damper on the

By Chris Isidore, CNN Business General Motors’ very expensive Chevy Bolt recall highlights one big risk of building electric vehicles. GM is preparing to spend $800 million to fix — or possibly replace — the batteries in nearly 70,000 Bolts due to a fire risk. That comes out to about $11,650 per vehicle, making it

By Diksha Madhok, CNN Business Elon Musk says he’s getting a new biography. The Tesla and SpaceX CEO tweeted Wednesday that the biographer Walter Isaacson will pen the book. He didn’t say when the book will be released. “If you’re curious about Tesla, SpaceX & my general goings on, @WalterIsaacson is writing a biography,” Musk

By Jessie Yeung and Manveena Suri, CNN Delhi’s chief minister has ordered a judicial inquiry into the alleged rape and murder of a 9-year-old girl in the Indian capital, as protests continue for a fifth day. Since Sunday, crowds have taken to the streets to demand action taken against the alleged perpetrators — as well

By Andy Rose, CNN Microsoft founder Bill Gates regrets his gatherings with Jeffrey Epstein, the wealthy financial manager who was accused of child sex trafficking, he told CNN Wednesday. “It was a huge mistake to spend time with him, to give him the credibility of being there,” Gates said. Speaking with CNN’s Anderson Cooper Wednesday,

By Matt Egan, CNN Business Big Oil is strategically using Facebook to blitz Americans with a steady stream of messages designed to delay the extinction of fossil fuel use, according to new research. Pro-fossil fuel ads were viewed more than 431 million times on Facebook’s US platforms in 2020 alone, a report released Thursday by

By Matt Egan, CNN Business US Bank told employees Wednesday they will no longer be due back in the office early next month because of surging Covid-19 cases. “There are increased caseloads across the globe, and the Delta variant has caused us to adjust our plans,” Andy Cecere, the company’s CEO, wrote in an email

By Anna Bahney, CNN Business This weekend, after the almost year-long ban on evictions expired, Ronald Leonard was terrified of being thrown out of his Daytona Beach, Florida, rental home. But then, on Tuesday evening, he heard the eviction moratorium had been extended again. “I’m the happiest guy in the world,” said Leonard. Like millions

By Peter Valdes-Dapena, CNN Business The New York International Auto Show, which had been scheduled to open to the public in just two weeks, has been canceled due to concerns about the Covid-19 Delta variant and the steps being taken to prevent it. The show was first canceled in the spring of 2020 due to

By Frank Pallotta, CNN Business Disney revealed pricing for its new, highly anticipated Star Wars hotel on Wednesday — and the cost to immerse yourself in a galaxy far, far away for a few days will not come cheap. The Disney World-based hotel Galactic Starcruiser is essentially a cruise ship set in space, with the