CNN – Business/Consumer

By Alexis Benveniste, CNN Business The wedding industry is rebounding as the United States recovers from the pandemic. And with glimmers of normality in the air, more Americans are preparing to pop the question. “We’ve seen a resurgence in both engagement ring and wedding band sales as couples start returning to normal life,” Price Blanchard,

By Chris Isidore, CNN Business Richard Branson, the billionaire entrepreneur who is set to take a test flight on his Virgin Galactic spaceship to the edge of outer space on Sunday, has rarely been one to shy away from risky activities, and because of that he’s narrowly avoided being killed numerous times in his nearly

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 highest-quality types of news coverage are increasingly “about elites, for elites,” and everyone suffers as a result. That’s one of the arguments in professor Nikki Usher’s new book “News

By Anneken Tappe, CNN Business US stocks rallied to record highs on Friday, rebounding from Thursday’s selloff. The Dow closed 1.3% higher, or 448 points, while the S&P 500 rose 1.1%. The Nasdaq Composite was up nearly 1%. All three indexes reached new all-time highs. They also logged gains for the shortened Independence Day week

By Frank Pallotta, CNN Business Superhero fans have longed to hear it: A new Marvel movie is being released this weekend. And this one won’t just be in theaters. “Black Widow,” the latest from Disney’s Marvel Studios, opened Thursday night and is set to become the biggest opening since 2019. The film, which stars Scarlett

By Paul R. La Monica, CNN Business Here’s some good news for long-suffering fans of England’s football (aka soccer) team. Goldman Sachs predicts that England has a 58% chance of defeating Italy in Sunday’s Euro 2020 final. That would be England’s first victory in a major tournament in 55 years — and it would come

By Charles Riley, CNN Business The world’s biggest automakers don’t have much in common with tech companies. Volkswagen and General Motors employ hundreds of thousands of workers and operate huge factories on multiple continents. They rely on complicated supply chains to source parts, and they sell their products through brick-and-mortar dealership networks. But investors are

By Allison Morrow, CNN Business 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. ROCKET MAN This weekend, Richard Branson, the founder of Virgin Galactic, is attempting to become the first billionaire to strap himself to a rocket branded with

By Oliver Darcy, CNN Business NBC was presented with a new challenge producing the 2021 Olympic Games on Thursday after organizers said that spectators will be prohibited from the Tokyo venues, a move that eliminates a key component of live sports broadcasts and could give the competitions an eerie feel. The setback, which was announced

By Allison Morrow and Matt Egan, CNN Business Wells Fargo is shutting down all of its existing personal lines of credit, sparking outrage from consumers and advocates. A spokesperson for the bank said Wells Fargo made the decision last year as part of an effort to simplify its product offerings. The bank feels it can

By Danielle Wiener-Bronner, CNN Business Restaurant workers are calling it quits just as people are starting to dine out again and restaurants rush to reopen. In May, the rate of quits per share of employment in the accommodation and food services sector, which includes restaurants, was 5.7%, according to seasonally adjusted data released this week

By Matt Egan, CNN Business President Joe Biden is being attacked for $3 gasoline. But the truth is the White House isn’t to blame for high gas prices — and has few options to lower them. The seven-year high in gas prices is all about supply and demand. Gas was dirt cheap last spring because

By Alexis Benveniste, CNN Business The Federal Reserve Bank of Minneapolis is requiring all current employees to be fully vaccinated against Covid-19 by the end of August. The vaccination policy will also apply to the bank’s future hires. More than 90% of the bank’s staff worked remotely during the pandemic. The Federal Reserve Bank of