CNN – Business/Consumer

By Paul R. La Monica, CNN Business Banks have been on a shopping spree for the past year — and that’s raising some alarm bells in Washington. Senators Elizabeth Warren and Sherrod Brown have been critical of the top banks for their dealmaking, citing concerns that the spate of mergers will hurt average consumers and

By Paul R. La Monica, CNN Business Moderna, the biotech that became a household name with its Covid-19 vaccine, is getting the ultimate Wall Street validation: It’s being added to the S&P 500 index. S&P made the announcement late Thursday, and shares of Moderna surged 10% Friday morning on the news. The stock is now

By Julia Horowitz, CNN Business As the stock market soars to new heights, companies have been racing to issue shares, leveraging the enthusiasm to generate cash for their businesses. But the game isn’t just being played on Wall Street. What’s happening: This has been a huge week for initial public offerings in India, which has

By Charles Riley, CNN Business Danish Siddiqui, a Reuters photographer who won a Pulitzer Prize for exposing the violence faced by Rohingya refugees, has been killed in clashes near Kandahar, Afghanistan. Siddiqui was the news agency’s chief photographer in India, based in Mumbai. Reuters reported Siddiqui’s death on Friday, citing an Afghan commander who said

By Jill Disis, CNN Business The US government is preparing to warn American companies about the risks of doing business in Hong Kong. US President Joe Biden on Thursday confirmed reports in various media outlets this week that his administration plans to soon issue an advisory to companies that will caution them of a “deteriorating”

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. In a typical newsroom, one team covers the horse race of electoral politics: Who won, who lost, and why. A different team might cover voting rights if there’s the budget

By Chauncey Alcorn, CNN Business A former Sony Electronics employee is suing the company and several individuals, accusing her former boss of sabotaging her career and making racist, verbally abusive comments. The woman filing the lawsuit, Duwanikia “Monica” Hill, who is Black, says she was fired from her role as an account manager after she

By Allison Morrow, CNN Business Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. In today’s business news: Jeff Bezos’s space flight has a last-minute passenger swap; why it might be time to chuck your Neutrogena sunscreen; and Oatly is

By Alexis Benveniste, CNN Business Oatly’s stock fell more than 9% before recovering slightly Thursday after a hedge fund accused the company of overstating its revenue and misleading investors about its sustainability claims. In a 124-page document released Wednesday, Spruce Point Capital dismisses the oat milk trend as a “food fad” and accuses Oatly of

By Nathaniel Meyersohn, CNN Business It was never the fanciest meal and wasn’t always the tastiest. But in the before times, lunch at the grocery store salad bar was a quick and convenient stop for people who were in a rush or had run out of other ideas. Now, it’s looking like the salad bar

By Alison Kosik, CNN The Smithsonian said Thursday that Jeff Bezos will donate $200 million to the museum, the largest gift the institution has received since its founding in 1846. A $70 million portion will go to renovating the National Air and Space Museum and $130 million will be used to launch a new education

By Frank Pallotta, CNN Business Netflix is the king of streaming with more than 200 million subscribers. But now it appears the platform has set its sights on dominating a new form of entertainment: video games. The company will offer video games on its service within the next year, according to a report by Bloomberg.

By Alicia Wallace, CNN Business Nearly 20 years ago, a batch of hand-canned beers started a seismic shift in the craft beer industry. Now the man behind that endeavor is turning his attention to hand-cultivated cannabis. Dale Katechis, whose eponymous and popular Dale’s Pale Ale revolutionized canned beers, has invested in and taken an active

By Mick Krever and Eliza Mackintosh, CNN Dutch crime journalist Peter R. de Vries has died just over a week after being shot in the head in Amsterdam, according to a statement by his family published by CNN affiliate RTL News. “Peter fought to the end, but he could not win the battle. He is

By Julia Horowitz, CNN Business It’s difficult for American companies to operate in China. But the latest data on the country’s economy underscores why, for many firms, it’s still worth it. What’s happening: China’s economic output grew 7.9% in the April-to-June quarter versus the same period a year ago, China’s National Bureau of Statistics said

By Charles Riley, CNN Business There’s a new super-unicorn in the United Kingdom. Revolut has been valued at $33 billion in a new fundraising round led by SoftBank and Tiger Global Management, the London-based digital banking startup said in a statement on Thursday. The company said it would use the $800 million raised to develop