CNN – Business/Consumer

By Matt Egan, CNN Business The bipartisan infrastructure plan and President Joe Biden’s $3.5 trillion proposal to widen the social safety net won’t cause runaway inflation if passed by Congress, according to a new report by Moody’s Analytics. “Worries that the plan will ignite undesirably high inflation and an overheating economy are overdone,” Mark Zandi,

By Hanna Ziady, CNN Business About 2.5 billion metric tons of food is wasted around the world each year, roughly half of which is lost on farms including in Europe and the United States. That’s having a huge impact on the climate. A report published Wednesday by the World Wildlife Fund and UK grocery retailer

By Lauren Hakimi, CNN Business Several kosher grocery stores around the United States have decided to pull Ben & Jerry’s from their shelves after the company’s announcement this week that it would stop doing business with a licensee in Israel that sells ice cream in the Israeli-occupied Palestinian territories. Dani Secemski, the owner of Glatt

By Charles Riley, CNN Business Netflix lost 433,000 subscribers in the United States and Canada during the second quarter, according to financial results issued after the bell on Tuesday. That’s not great news for a company that has churned out huge growth in the past, inspiring rivals such as Disney, Apple, Comcast and CNN parent

By Rob McLean, CNN Business JPMorgan Chase really, really wants CEO Jamie Dimon to stick around. The investment bank awarded Dimon 1.5 million stock options on July 20 — priced at the average price of JPMorgan’s stock on Tuesday, according to a filing with the Securities and Exchange Commission. Today, that’s an award worth more

By Matt Egan, CNN Business The biggest question facing the US economy is when skyrocketing consumer prices will come back to earth. The emergence of the Delta variant only deepens that inflation mystery. The hope is that inflation will cool off as the economy fully reopens, allowing supply to catch up with increasing demand. But

By Chris Isidore, CNN Business This could be the best time ever to sell or trade in your used car. Used cars are selling for record high prices, and that’s clearly good news for those looking to sell. Here are 5 ways to ensure you’re getting top dollar for your sale. 1. Don’t hold out

By Alexis Benveniste, CNN Business Amazon founder Jeff Bezos caught up with CNN’s Anderson Cooper after returning to Earth Tuesday, reflecting on his trip to space and the moments before takeoff. Before leaving for space, Bezos and his crew “told each other we love each other,” he told Cooper. “It was a very emotional morning,”

By Frank Pallotta, CNN Business Netflix posted sluggish subscriber growth when it reported earnings Tuesday, and forecast bigger gains ahead. But Wall Street isn’t satisfied. The streaming service said it has 209 million subscribers globally after adding a little more than a million subscribers in the second quarter of 2021. That beat the company’s own

By Peter Valdes-Dapena, CNN Business Mobileye, an Israeli self-driving technology company owned by Intel, has become the first company to test fully self-driving cars on New York City’s streets. While a number of companies test cars in California and Arizona, New York hasn’t generally been used as a test site. New York is home to

By Jackie Wattles, CNN Business After a half-century of waiting, Wally Funk — who trained for NASA’s Mercury program but was denied the opportunity to go to space — has finally gotten her time amongst the stars. This morning she flew to space with the world’s richest man, Jeff Bezos, his brother Mark Bezos, and

By Oliver Darcy, CNN Business Jeff Bezos, the Amazon founder and world’s wealthiest man, said Tuesday after flying to the edge of space that he planned to award $100 million each to CNN contributor Van Jones and chef José Andrés. Bezos said that Jones and Andres were free to do “what they want” with the

By Matt Egan, CNN Business Robinhood is planning to make its big debut as a public company next week. The trading app is expected to start trading on the Nasdaq Stock Market on July 29, a person familiar with the matter told CNN Business. The timing of the debut could still change, the person cautioned.

By Jordan Valinsky, CNN Business Taco Bell is warning that some of customers’ favorite items might not be available. The chain apologized on its website Tuesday, saying that because of “national ingredient shortages and delivery delays” that Taco Bell locations might be out of some options. “Apologies for the inconvenience and we hope to feed

By Paul R. La Monica, CNN Business The Securities and Exchange Commission still hasn’t approved a single bitcoin exchange-traded fund even though several top firms have applied. But investors looking for cryptocurrency exposure through an ETF have another option: a new mining ETF that debuted Tuesday. Investment firm Viridi Funds launched a fund that plans