CNN – Business/Consumer

By Sonia Moghe, CNN James Bennet, former head of the New York Times editorial section who is being sued along with the paper by Sarah Palin for defamation is expected to take the witness stand Tuesday, an attorney for Palin said in court. Multiple other Times staffers testified Monday about their roles in the 2017

By Isabelle Jani-Friend and Angela Dewan, CNN Amazon, Google, Ikea and BMW are among some of the world’s biggest companies failing to meet their own proclaimed climate targets and align with international agreements to slash greenhouse gas emissions, a new report claims. The Germany-based NewClimate Institute assessed the climate strategies of 25 major companies and

By Matt Egan, CNN Business California Democratic Congressman Ro Khanna is shrugging off potential antitrust issues in the proposed $6.6 billion merger of low-cost carriers Spirit and Frontier Airlines. But he does have one other big concern. “Look, the DOJ should review it,” Khanna told CNN in a phone interview Monday. “But having flown Spirit

By Peter Valdes-Dapena, CNN Business Ford shares were down about 1% in trading Monday after the company announced it is suspending or slowing production at several of its North American factories this week due to short supplies of computer chips. Ford is stopping production at its Chicago Assembly plant, which builds Ford Explorer and Lincoln

By Paul R. La Monica, CNN Business Kids had plenty of Spider-Man, My Little Pony and Peppa Pig toys from Hasbro under the tree during the 2021 holidays. But Hasbro is warning that continued supply chain woes could be a problem going forward. In the fourth quarter, the toy maker found it took three times

By Paul R. La Monica, CNN Business If you’ve been hurt by the volatile moves in bitcoin lately, you’re in good company. Tesla, run by the world’s richest person, Elon Musk, has been hit by the crypto craziness too. The EV maker disclosed in its annual report to the Securities and Exchange Commission that it

By Chris Isidore, CNN Business Spirit and Frontier Airlines on Monday announced a $6.6 billion merger, a combination of low-fare carriers that would create America’s fifth-largest airline. The companies have yet to say what brand they’ll fly under or who would lead management of the new airline. The combined company would offer more than 1,000

By Julia Horowitz, CNN Business Peloton has a target on its back. The company’s exercise bikes were a huge hit early in the pandemic. Now, it’s struggling to maintain its growth as people spend more time outside their homes — and would-be buyers are circling. What’s happening: Peloton’s stock gained 17% on Monday following reports

By Parija Kavilanz, CNN Business Frustrated shoppers are already dealing with unpredictable product shortages and empty shelves at their favorite grocery stores. But if they’re hoping to pivot to a neighborhood convenience store to fill in some everyday necessities, they might be out of luck there, too. Convenience stores typically serve as an ideal substitute