CNN – Business/Consumer

By Danielle Wiener-Bronner, CNN Business Johnson & Johnson has agreed to a $230 million settlement with New York state, resolving complaints from the state’s attorney general over the pharmaceutical company’s role in the opioid epidemic. “Johnson & Johnson helped fuel this fire,” New York Attorney General Letitia James said in a statement Saturday. “While no

By Michelle Toh, CNN Business Hong Kong has long been Asia’s leading financial hub, straddling the West and China. But as Beijing tightens its grip on a city still largely cut off by coronavirus restrictions, it’s increasingly tricky for tech, media and banks to do business — and some fear the end of an era.

CNN’s Brianna Keilar rolls the tape on how Fox News host Laura Ingraham conducted an interview with a Capitol rioter who seemed to downplay the attack.

By Moira Ritter, CNN Business An anchor for GB News, a newly-launched TV channel in Britain that has been compared to Fox News in the US, said he is taking a break after just two weeks on the job. At the end of his regular program Thursday, Andrew Neil, who also serves as chairman of

By Paul R. La Monica, CNN Business It should be no surprise to hear that the founder of an investment firm named after the Hindenburg is looking for stocks that will crash and burn. Nate Anderson, founder of Hindenburg Research, has made a name for himself in the past few years by targeting companies that

By Frank Pallotta, CNN Business As Dominic Toretto, the main character of the Fast & Furious franchise, once said, “it don’t matter if you win by an inch or a mile, winning’s winning.” That’s true, but the movie theater industry really needs this weekend’s box office to win by a lot. “F9: The Fast Saga,”

By Danielle Wiener-Bronner, CNN Business Restaurants across the country have been reporting difficulty hiring as customers return in droves. We’ve heard from some former servers who cited the stress of the job under these conditions as one reason for switching careers. For those who’ve stayed, we want to know: What is it like to work

By Chauncey Alcorn, CNN Business The nationwide rollout of the Pearl Milling Company brand name — formerly known as Aunt Jemima — is underway. The new brand said breakfast products in its Pearl Milling Company packaging began to ship on May 31. The new packaging has the same red and yellow color scheme as Jemima’s

By Anneken Tappe, CNN Business Prices rose yet again in May and a key measure of inflation hit new multi-year highs. The price index tracking personal consumption expenditure, or PCE, climbed 3.9% in the year ending May, the Bureau of Economic Analysis reported Friday. It was the highest level since August 2008 and exceeded April’s

By Julia Horowitz, CNN Business “We have a deal.” Those words, from President Joe Biden on infrastructure spending, were enough to trigger a Wall Street celebration. What’s happening: Stocks rallied Thursday as Biden confirmed that Republican and Democratic senators — including Mitt Romney and Joe Manchin — had reached an agreement with White House officials

Late-night host Conan O’Brien says goodbye as he gets ready for his new show on HBO Max.

By Nectar Gan, CNN Editor’s note: CNN has launched the Meanwhile in China newsletter, a three-times-a-week update exploring what you need to know about the country’s rise and how it impacts the world. Sign up here. For a large, supposedly all-powerful authoritarian state, a tabloid newspaper with a daily circulation of just 100,000 copies most

By Brian Stelter, CNN Business “We are a media platform and not just a newspaper.” That’s how Los Angeles Times owner Patrick Soon-Shiong summed up the “cultural vision” that he shares with his new editor Kevin Merida. A “media platform” for what? Maybe poetry and comedy, maybe block parties and DJ battles, Merida said: If

By Frank Pallotta, CNN Business After nearly 30 years and a lot of hilariously bizarre moments, Conan O’Brien said goodbye to late night on Thursday night. “Conan,” O’Brien’s long-running TBS show, concluded on Thursday night, bringing an end to a late night TV era. And O’Brien’s late night career came to a close with the

By Danielle Wiener-Bronner, CNN Business As more Americans get vaccinated, states across the country are lifting their pandemic restrictions. That means that one popular relief measure — the allowance of to-go cocktails at restaurants — is either expiring or continuing, depending on where you live. The National Restaurant Association counted about 26 states — most

President Joe Biden announced a bipartisan agreement on the infrastructure deal. CNN’s Ryan Nobles details how the package will be paid for.

By Anneken Tappe, CNN Business Stocks are rallying Thursday after President Joe Biden announced a bipartisan agreement on an infrastructure deal. The S&P 500 and Nasdaq Composite are on track to hit new record highs and the Dow is up about 350 points. “We have a deal,” Biden told reporters Thursday. Even though it is

By Jordan Valinsky, CNN Business Wendy’s is testing a new plant-based burger — but it doesn’t use a meat alternative. Beginning June 28, the fast food chain is selling a new “Spicy Black Bean Burger” in three US cities, including Jacksonville, Pittsburgh and Columbus, Ohio. The sandwich costs $5.79 and will be on menus for

By Anneken Tappe, CNN Business Government statistics aren’t always inclusive and little data is currently collected on the LGBTQ+ community. But that might change as soon as next month. The Census Bureau wants to begin including questions about sexual orientation and gender identity in one of its surveys, according to a Federal Register notice filed

By Nathaniel Meyersohn, CNN Business Victoria’s Secret’s brand image was in tatters, and its owner finally had an escape route. In February 2020, L Brands, the publicly-traded parent of Victoria’s Secret and Bath & Body Works, struck a $525 million deal with private equity firm Sycamore Partners to give up its majority stake in Victoria’s