CNN – Business/Consumer

By Michelle Toh, CNN Business The Southeast Asian unicorn Grab had a rough first day on Wall Street. The Singaporean startup closed down nearly 21% Thursday as it began trading on New York’s Nasdaq. Grab went public by merging with a special-purpose acquisition company, or SPAC. The deal — in which Grab raised $4.5 billion,

By Jack Guy, Lauren Kent and Max Foster, CNN Business Meghan, Duchess of Sussex, has won the latest round of a prolonged privacy battle with the publisher of the Mail on Sunday. A UK court on Thursday dismissed an appeal brought by Associated Newspapers Limited (ANL) against a previous judgment that the duchess had a

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. One of President Biden’s many fights right now is a fight against perceptions: Of economic peril, a never-ending pandemic, and his own political weakness. In recent speeches, he is issuing

By Manveena Suri and Rhea Mogul, CNN India has formally repealed three contentious farm laws that sparked more than a year of protests, nearly two weeks after Prime Minister Narendra Modi was pushed into a rare policy reversal that saw the legislation withdrawn. The country’s President Ram Nath Kovind signed a bill repealing the laws

By Carma Hassan, Michelle Watson, CNN Business Prominent Christian televangelist and anti-vaccine advocate Marcus Lamb died after being hospitalized with Covid-19, his family announced Tuesday. Lamb founded Christian television network Daystar Television Network in 1997. His wife Joni Lamb, announced the televangelist’s death on Daystar’s program streamed to Facebook Tuesday. She said her husband had

By Paul R. La Monica, CNN Business This is shaping up to be the biggest year for new stock listings ever, thanks to the debuts of several buzzy unicorns. The list includes buy-now-pay-later leader Affirm, dating app Bumble, Roblox, Oatly, Robinhood and Amazon-backed electric truck maker Rivian, just to name a few. But will the

By Matt Egan, CNN Business Commerce Secretary Gina Raimondo is concerned the Omicron coronavirus variant will exacerbate pressure on the already stressed-out global supply chain. “It’s way too soon to tell. But I do worry, because we know people are afraid to go to work,” Raimondo told CNN during an interview at her Washington office.

By Matt Egan Roger Dow, CEO of the US Travel Association, is questioning the logic of President Joe Biden’s travel restrictions, imposed on South Africa and seven neighboring countries following the emergence of the Omicron coronavirus variant. “We want them to revisit this quickly,” Dow told CNN in a phone interview. “We need to follow

By Allison Morrow, CNN Business No one likes paying more for stuff. That’s why inflation, especially the sharp price increases we’ve seen in recent months, feels like a dirty word. But on the whole, inflation can actually be a good thing for many working-class Americans, especially those with fixed-rate debt like a 30-year mortgage. That’s

By Jordan Valinsky, CNN Business Toys “R” Us is opening a new store about a year after a planned relaunch of its brick-and-mortar presence failed. The retailer’s parent company, WHP Global, announced it will open a store at New Jersey’s American Dream mall in mid-December. In a press release, the company said the 20,000 square