CNN – Business/Consumer

By Matt Egan, CNN Business The era of virtual work isn’t ending at UBS. The Swiss bank will allow up to two-thirds of its employees around the world to permanently adopt a hybrid schedule that includes a mix of working from home and from the office, a person familiar with the matter told CNN Business.

By Julia Horowitz, CNN Business After dramatically collapsing this spring, the crypto market is attempting a comeback. What’s happening: Bitcoin and Ethereum prices jumped on Monday as investors showed they’re willing to increase exposure even after recent drawdowns. Bitcoin, which hit an all-time high of nearly $65,000 in April, plummeted as low as $28,800 last

By Michelle Toh, CNN Business Tesla’s bad run in China is getting worse. Nearly all of the vehicles that Elon Musk’s electric carmaker has built and sold in China since opening a Gigafactory in Shanghai are being recalled over concerns about the cruise control system. The problem, according to Chinese regulators, is that the system

By Hanna Ziady, CNN Business Marco Gobbetti, who led a turnaround at Burberry, will leave the British luxury fashion label at the end of this year to return to Italy where he’ll head up rival Salvatore Ferragamo. Burberry announced Gobbetti’s resignation in a statement on Monday, sending the company’s share price as much as 8%

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. All day long on Sunday, the Miami Herald homepage was dominated by a single all-caps word: “SEARCHING.” The searching continued around the clock at the site of the condo collapse

By Alexis Benveniste, CNN Business As the anniversary of the Capital Gazette newsroom shooting approaches, the publication’s former editor, Rick Hutzell, is reflecting on how the newspaper recovered. “I really focus on the work we put into it moving forward,” Hutzell told CNN’s Chief Media Correspondent Brian Stelter on “Reliable Sources” Sunday. And Stelter pointed

By Alexis Benveniste, CNN Business The Financial Conduct Authority, a regulatory body in the United Kingdom, has banned Binance, a popular cryptocurrency exchange platform, from offering certain services in the country. “Binance Markets Limited is not permitted to undertake any regulated activity in the UK,” the FCA said in a statement Saturday. Binance — one

CNN’s Brian Stelter speaks with Los Angeles Times owner Patrick Soon-Shiong and editor Kevin Merida as the publication expands its digital footprint in an effort to “redefine the modern American newspaper.”

By Frank Pallotta, CNN Business The latest Fast & Furious film has our heroes rocket a Pontiac Fiero into outer space. But that was merely the second most impressive feat the film pulled off this weekend. The first was opening to the biggest box office numbers since the pandemic began. “F9: The Fast Saga,” the

By Julia Horowitz, CNN Business There’s never been a better time for companies to raise funding from hot markets or make moves to scoop up their competitors. That’s been a huge boon to investment bankers, who are gearing up for another summer of juggling dealmaking with vacations. What’s happening: The US market for initial public

By Helen Regan, Anna Coren, Sandi Sidhu and Salai TZ, CNN Business Myanmar’s military junta is using torture to extract information from detainees on the whereabouts of senior opposition members and activist leaders, according to an American citizen and journalist who was recently released from a Yangon prison. Nathan Maung, 44, was detained for more

US-Burmese journalist Nathan Maung tells CNN of torture and conditions in Myanmar’s notorious Insein prison after he was detained for spreading “fake news”. Maung is safely in the US, but fears for his family still in Myanmar – and the treatment of his TV news producer Hanthar Han Thar Nyein who was arrested at the same time – but remains in prison. CNN’s Anna Coren reports.

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