CNN – Business/Consumer

By Chris Isidore, CNN Business For a year and a half, a lack of computer chips has been plaguing the auto industry, forcing plants to shut down, delaying auto shipments and sending car prices through the roof. But that’s not the only problem automakers face. Industry experts say automakers are having trouble getting all manner

By Danielle Wiener-Bronner, CNN Business A packaging mixup has prompted a recall of a batch of DiGiorno pepperoni pizzas. Nestlé USA, which owns the frozen pizza brand, has recalled a batch of 26-ounce boxes labeled DiGiorno Crispy Pan Crust Pepperoni Pizzas because they actually contain Three Meat Crispy Pan Crust Pizza. The three meat pizza

By Anneken Tappe The heads of the Boston and Dallas Federal Reserve banks announced they would be retiring early amid backlash over personal investing decisions that raised conflict-of-interest concerns. Eric Rosengren, the Boston Fed chief, cited health concerns Monday in announcing he would step down about a year earlier than planned. He was set to

By Danielle Wiener-Bronner, CNN Business Given the dizzying array of options in the dairy aisle of the grocery store these days, some may think that the last thing we need is another type of milk. Yogurt maker Danone disagrees. Executives at the company, which owns plant-based dairy brands Silk and So Delicious, as well as

Opinion by Diane Hoskins for CNN Business Perspectives Extreme weather events — including heat waves, droughts and floods — have unfolded all over the world this summer. The grave impact of climate change is upon us and will continue to have a profound impact on human life. But there are still largely untapped actions we

By Matt Egan, CNN Business The V-shaped recovery in the oil patch continues to take even the biggest bulls on Wall Street by surprise. Goldman Sachs ramped up its already optimistic forecast on Sunday, calling for Brent crude to hit $90 a barrel by the end of the year. That’s up from its previous call

By Clare Duffy, CNN Business Derek Jeter had a problem. In 2020, his third year as chief executive and part-owner of the Miami Marlins, the team broke their long streak of missing the playoffs. But after the team had traded away nearly every big-name player on its roster in recent years, he was looking at

By Julia Horowitz, CNN Business Wall Street could take its cues this week from Washington, which is in the throes of a heated debate over spending on infrastructure, health care and education with the deadline to keep funding the US government just days away. What’s happening: House Speaker Nancy Pelosi is working to rally Democrats

By Matt Egan, CNN Business Business economists are marking down their forecasts for US growth this year as the Delta variant takes a toll on the recovery, according to a survey released Monday. The National Association for Business Economists said the panel of 47 economists it surveyed now expects US GDP growth of 5.6%. Although

By Michelle Toh, CNN Business An electric car company owned by China’s Evergrande is having trouble paying suppliers and has called off plans to sell new shares as the group’s woes spread beyond its core real estate business. Shares in China Evergrande New Energy Vehicle Group fell more than 9% in Hong Kong on Monday

By Charles Riley, CNN Business The UK military is on standby to deliver gasoline to service stations after a shortage of tanker drivers forced some to close last week, triggering a spate of panic buying by British motorists. With thousands of service stations having since run dry, the UK government has announced a series of

By Steven Jiang and Michelle Toh, CNN Business HNA Group Chairman Chen Feng and CEO Tan Xiangdong have been detained by Chinese police, according to the company. In a brief statement on Friday, the embattled conglomerate said that the two executives had been “placed under compulsory measures” by Hainan provincial police for suspected criminal offenses.