CNN – Business/Consumer

By Paul R. La Monica, CNN Business So much for Wall Street’s bulls selling in May and going away on summer vacation. The Dow hit a new all-time high Monday, led by gains in Disney and big banks Goldman Sachs and JPMorgan Chase. The Dow ended the day up about 126 points, or 0.4%, closing

By Paul R. La Monica, CNN Business Warren Buffett may be one of the richest people on the planet, but even the Oracle of Omaha has to recognize the power of the United States government. Buffett’s Berkshire Hathaway announced Monday it was scrapping plans to buy a big natural gas pipeline for more than $1.7

By Hanna Ziady, CNN Business The aristocratic family behind the Daily Mail is considering taking the tabloid newspaper off the London Stock Exchange, further concentrating UK media ownership in the hands of a few rich men. Daily Mail and General Trust (DMGT) — which owns the Daily Mail, Mail Online, Mail on Sunday and Metro

By Julia Horowitz, CNN Business Billionaire Richard Branson’s successful trip to space has bolstered enthusiasm among investors who see an industry primed for takeoff. What’s happening: The Virgin Galactic founder’s flight over the weekend aboard a spacecraft he helped fund was a landmark moment for the commercial space industry. The up-and-coming sector has for years

By Paul R. La Monica, CNN Business A parade of high-profile companies, including Coinbase, Bumble, Oatly, SoFi and Roblox, made their stock market debuts in the first half of 2021. The second half of the year could bring even more buzzy unicorns to Wall Street. Online broker Robinhood and yogurt maker Chobani both filed for

By Brian Stelter and Oliver Darcy, CNN Business Tucker Carlson is furious with Fox News executives for not vigorously defending him amid his evidence-free claims that the National Security Agency spied on him in a conspiracy to destroy his TV show, according to people familiar with the matter. One of the sources described Carlson as

By Alexis Benveniste, CNN Business Richard Branson became the first billionaire to reach suborbital flight in his own rocket-powered plane Sunday, setting the stage for how the media will cover wealthy individuals looking to build a business in space travel. Branson’s flight is a landmark moment for the commercial space industry and journalism. “This is

By Chauncey Alcorn, CNN Business As business dried up during Covid-19 lockdowns last year, many restaurants fell behind on rent and had to lay off employees. That was especially true for Black-owned restaurants, which struggled to gain access to emergency capital early on. But restaurateurs who can no longer afford a traditional brick-and-mortar operation have

By Frank Pallotta, CNN Business Marvel saved the day again. And this time it was in theaters and on Disney+. “Black Widow,” the latest film from Disney’s blockbuster Marvel Studios, brought in an estimated $80 million in its North America opening this weekend. That was around what the industry was expecting and was also a

By Anneken Tappe and Hanna Ziady, CNN Business Americans have witnessed some wild price hikes over the past few months. Shortages and supply chain issues across the world have sent the cost to make and move goods soaring and left consumers paying up. Since then, prices for some pandemic favorites — such as lumber —

By Matt Egan, CNN Business As the bitcoin craze took off in 2017, a Long Island iced tea company sent its share price spiking as much as 380% merely by announcing a “pivot” to blockchain technology. Long Island Iced Tea Corp. even changed its name to Long Blockchain Corp. At the time, the episode underscored

By Alexis Benveniste, CNN Business The wedding industry is rebounding as the United States recovers from the pandemic. And with glimmers of normality in the air, more Americans are preparing to pop the question. “We’ve seen a resurgence in both engagement ring and wedding band sales as couples start returning to normal life,” Price Blanchard,

By Chris Isidore, CNN Business Richard Branson, the billionaire entrepreneur who is set to take a test flight on his Virgin Galactic spaceship to the edge of outer space on Sunday, has rarely been one to shy away from risky activities, and because of that he’s narrowly avoided being killed numerous times in his nearly

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. The highest-quality types of news coverage are increasingly “about elites, for elites,” and everyone suffers as a result. That’s one of the arguments in professor Nikki Usher’s new book “News