CNN – Business/Consumer

By Laura He, CNN Business Investors are ditching China at an unprecedented scale as a cocktail of political and business risks, and rising interest rates elsewhere, make the world’s second biggest economy a less attractive place to keep their money. China witnessed $17.5 billion worth of portfolio outflows last month, an all-time high, according to

By Ramishah Maruf, CNN The White House Correspondents’ Dinner returns next Saturday — and the sitting president is set to attend for the first time since 2016. After a two-year hiatus due to the Covid pandemic, President Joe Biden will speak at the century-old press gala after former president Donald Trump famously boycotted the event.

By Anneken Tappe, CNN Business Investors are gearing up for a week of big ticket economic data, including a first look at economic growth between January and March and more inflation numbers. America’s economic activity, measured by gross domestic product, is forecast to have only grown at an annualized pace of 1% in the first

By Chris Isidore, CNN Business Does the richest person on the planet need another massive pay package? That’s the decision facing the Tesla board of directors. CEO Elon Musk doesn’t receive any cash salary or bonus. He’s paid only with stock options. But he has just about exhausted the options available from the compensation package

By Alicia Wallace, CNN Business US government data often provides a look at how large swaths of Americans are faring. However, this big-picture approach has often been criticized for leaving out certain groups of people, like Native Americans and members of the LGBTQ+ community, and rendering them practically invisible when it comes to broader policymaking

By Nathaniel Meyersohn, CNN Business Old Navy has long been the crown jewel of Gap’s otherwise inconsistent businesses. But now, even Old Navy is struggling. And that’s weighing on its parent company in a big way. Gap said Thursday it is replacing Old Navy CEO Nancy Green and launching a search for a new chief

By Paul R. La Monica, CNN Business Now that some mask and vaccine mandates are being lifted, consumers seem ready to spend on travel and other leisure experiences. Call it the “revenge spending” phenomenon. Airline and hotel stocks have been surging this year thanks in part to a spate of long overdue revenge spending, or

By Nicole Goodkind, CNN Business Storm clouds appear to be gathering over Wall Street, with many analysts saying a downturn is inevitable. But before the party winds down, some expect an explosive pre-crash rally — known as a “melt-up.” Melt-ups usually occur without any obvious economic reason for the gains. They happen when investors buy

By Simon Bouvier, Xiaofei Xu, Chris Liakos and Anna Cooban, CNN Business France has issued an arrest warrant for Carlos Ghosn, the fugitive auto executive who used to lead Renault-Nissan. The prosecutor’s office in Nanterre, near Paris, confirmed to CNN on Friday that it had issued an international arrest warrant for Ghosn, who now lives

By Kathryn Vasel, CNN Business If you’re part of the Class of 2022, you’re graduating into a favorable job market. But networking should still play a big role in your search. “It doesn’t matter if the market really isn’t great or flaming hot, people still need to network because that is how you get into