CNN – Business/Consumer

By Julia Horowitz, CNN Business Car sales at major automakers are plunging due to a shortage of computer chips that’s forced factory shutdowns and crimped supply. But that’s not fazing Wall Street, which remains laser-focused on investment in electric vehicles that could power future growth. What’s happening: General Motors, Chrysler-owner Stellantis and Honda all recently

By Michelle Toh, CNN Business Shares in Evergrande were suspended Monday amid reports that a rival Chinese real estate developer was preparing to buy its property management business — a move that could inject much needed cash into the ailing conglomerate. Cailian News, a Chinese state-run financial news outlet, reported Monday that Hopson Development was

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. Frances Haugen was a product manager on Facebook’s civic misinformation team. “During her time at Facebook,” her bio says, “Frances became increasingly alarmed by the choices the company makes prioritizing

By Peter Valdes-Dapena, CNN Business The Lucid Air Dream Edition was recently rated by the Environmental Protection Agency with an estimated driving range of 520 miles on a full charge. That’s the longest range of any purely battery-powered car yet rated by the EPA, including Tesla’s Model S Long Range. It’s not just a little

By Ramishah Maruf, CNN Business A senior Facebook executive said on “Reliable Sources” Sunday that the company will never be able to control all the content on its site, and may be open to regulation as lawmakers continue to crack down on the tech giant. Facebook’s vice president of global affairs, Nick Clegg, was pushing

By Matt Egan, CNN Business America’s oil-and-gas industry is fighting tooth and nail to kill or scale back climate provisions in the President Joe Biden’s $3.5 trillion Build Back Better plan. “We’re leaving everything on the field here in terms of our opposition to anti-energy provisions,” Mike Sommers, president and CEO of the powerful American

By Frank Pallotta, CNN Business Venom devoured the box office. “Venom: Let There Be Carnage” — Sony’s follow-up to the hit 2018 supervillain film — blew past expectations at the ticket booth this weekend. The film, which stars Tom Hardy as the ravenous alien symbiote, notched an estimated $90.1 million at the North American box

By Allison Morrow, CNN Business The supply chain nightmare that’s been plaguing the global economy for over a year is about to snarl the holiday shopping season. Think barren shelves, massive shipping delays, and no small amount of sticker shock. Merry Christmas, everyone! Although the pandemic lit the match, the United States has been setting