CNN – Business/Consumer

Zeena Saifi, Eoin McSweeney Some of the world’s richest men are squaring off in what’s become a rivalry for the ages — the space race. Elon Musk and Jeff Bezos, the two richest men on the planet and the CEOs of SpaceX and Blue Origin, respectively, have grand designs on the cosmos. They predict a

By Chris Isidore, CNN Business It seems like a good time for General Motors to pull the plug on the Bolt, the only electric vehicle currently in its North American vehicle lineup. GM, which is spending tens of billions of dollars to switch its lineup to electric vehicles in the coming decades, has essentially stopped

By Nathaniel Meyersohn, CNN Business Many of America’s leading discount chains have sat out the online shopping boom. Not anymore. Dollar General, Dollar Tree, Family Dollar (owned by Dollar Tree), Five Below and Grocery Outlet have all started offering delivery from stores over the past year. They are tapping delivery companies, such as Instacart and

By Peter Valdes-Dapena, CNN Business Some brand new car companies are hitting huge home runs with groundbreaking new vehicles, according to the staff at MotorTrend. The Rivian R1T has just been awarded the 2022 MotorTrend Truck of the Year Award just a month after the Lucid Air won the Car of the Year award. In

Opinion by Dana M. Peterson for CNN Business Perspectives Inflation now tops the list of complaints among US consumers. Prices for everything, from necessities like food, energy and shelter, to luxury goods like autos and vacations, continue to climb. Amid this worsening challenge, Americans are looking for some relief. In November, the consumer price index

By Alicia Wallace, CNN Business Biden’s big infrastructure plan, which was passed last month, promises to create hundreds of thousands of new jobs, many of which won’t require a college degree. But it’s going to be an uphill battle trying to fill those roles. The $1.2 trillion Infrastructure Investment and Jobs Act includes $550 billion

By Julia Horowitz, CNN Business Despite anxiety about inflation and the Omicron variant, the stock market is on track for another banner year. That’s in large part thanks to stellar gains from just a handful of stocks. What’s happening: According to new research from Goldman Sachs, just five companies — Microsoft, Apple, Nvidia, Tesla and

By Kerry Flynn, CNN Business Time magazine has named CEO of Tesla and SpaceX Elon Musk as Person of the Year. “Person of the Year is a marker of influence, and few individuals have had more influence than Musk on life on Earth, and potentially life off Earth too,” Time editor-in-chief Edward Felsenthal wrote. “In

By Michelle Toh, CNN Business SenseTime is postponing its big stock market debut after once again getting caught up in tensions between the United States and China. The Chinese artificial intelligence startup announced Monday that it would delay its initial public offering in Hong Kong, where it had planned to raise up to $767 million.

By Ramishah Maruf, CNN Business This article contains spoilers about the first episode of “And Just Like That…” Mr. Big is alive. At least according to Peloton. The Mr. Big character was killed off while riding a Peloton bike in the first episode of Sex and the City reboot, “And Just Like That…,” shocking fans.

By Kay Jones and Ramishah Maruf, CNN Travis Scott’s spiked hard seltzer CACTI has been discontinued, Anheuser-Busch said. “After careful evaluation, we have decided to stop all production and brand development of CACTI Agave Spiked Seltzer. We believe brand fans will understand and respect this decision,” an Anheuser-Busch spokesperson said in a statement to CNN

By Frank Pallotta, CNN Business “West Side Story” had little to sing about this weekend. 20th Century Studios’ remake of the 1961 classic musical brought in an estimated $10.5 million for its opening in North America this weekend. This total was below expectations, which projected the film to make closer to $15 million in its

By Allison Morrow, CNN Business President Joe Biden and other politicians will tell you inflation is Corporate America’s fault. Corporate America blames the administration’s pandemic assistance programs for putting too much cash into the economy. The reality, economists say, is that it’s all of those things. And more. On Friday, the consumer price index showed