CNN – Business/Consumer

By Chris Isidore, CNN Business General Motors will stop making most of its full-size pickup trucks for a week starting Monday. It’s another sign that the auto industry continues to struggle with the year-long global computer chip shortage. Large pickups and SUVs are automakers’ best-selling and most profitable vehicles. GM and other automakers have tried

By Diksha Madhok, CNN Business Tax authorities in India raided several offices of one of the world’s biggest-selling newspapers on Thursday, a move journalists and leading opposition politicians described as an attack on press freedom. The newspaper, Dainik Bhaskar, said that tax inspectors visited its offices in the capital New Delhi and the states of

By Jack Guy and Lauren Gunn, CNN Business A dramatic surge in Covid-19 cases is forcing hundreds of thousands of workers to stay home in Britain, causing shortages of food and gasoline and heaping stress on supply chains that were already strained by Brexit. Some of the biggest UK supermarkets warned Thursday that they were

By Anneken Tappe, CNN Business Claims for US jobless benefits unexpectedly jumped last week offering the latest reminder that the American economy — and the labor market — are not yet back to normal. Weekly jobless claims stood at 419,000, adjusted for seasonal swings, according to the Labor Department, climbing by more than 50,000 and

By Chris Isidore, CNN Business Financial results are finally getting better at the nation’s major airlines, thanks to a surge of vacation travel this summer. Southwest on Thursday reported a quarterly loss, excluding special items. The loss was significantly smaller than a year ago, but a bit larger than Wall Street forecasts. Yet the company

By Charles Riley, CNN Business Interest rates are primed to stay low in Europe for a very long time as central bankers add to the trillions they’ve already printed to stimulate the economy. The European Central Bank signaled that it would keep interest rates low for longer on Thursday following a change in its approach

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. Fox News rolled out a new public service announcement on Wednesday to encourage viewers to get a Covid-19 vaccine. “America, we’re in this together,” Steve Doocy said in the ad.

By Lauren del Valle A group of states’ Attorneys General announced a proposed $26 billion opioid crisis settlement Wednesday that, if approved, will resolve claims against the “big three” drug distributors — McKesson, Cardinal Health and Amerisource Bergen Drug — as well as manufacturer Johnson & Johnson. The proposed agreement, if approved by enough state

By Danielle Wiener-Bronner, CNN Business Want to attract employees? Try raising wages and promising a path to a promotion. For Chipotle, those tactics appear to be working. Across the country, restaurants are struggling to hire staff as they try to return to normal and employees quit at elevated levels. In a bid to woo workers,

By Frank Pallotta, CNN Business Maria Taylor, one of the top NBA analysts on ESPN, is parting ways with the sports network. The move is not all that surprising, as Taylor’s contract was coming to an end. But her exit is notable because it comes just weeks after comments from one of her colleagues sparked

By Nathaniel Meyersohn, CNN Business For years, shopping at Bed Bath & Beyond has meant dealing with chaos. You could lose hours sifting through a hodgepodge of items on cluttered shelves and walk out with nothing. Now, the chain is making an effort to get organized, Marie Kondo-style. At its flagship location in New York

By Anneken Tappe, CNN Business The US economy is inching back to normal. But the recovery remains uneven and some states are lagging behind in the race to get back to pre-pandemic strength — especially New York. Although several states’ economies have already fully recovered — and are even outpacing — their pre-Covid levels of

By Parija Kavilanz, CNN Business The next time you do a Target run for milk, cereal, toilet paper and shampoo, you can add a new item to the list: pricey makeup brands that weren’t available there before. That’s because the chain is opening Ulta Beauty mini shops in August in more than 100 Target locations

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. “Get vaccinated,” Senator Mitch McConnell said Tuesday. And, he added, just as importantly, “ignore all of these other voices that are giving demonstrably bad advice.” McConnell’s words were newsworthy because

By Paul R. La Monica, CNN Business When the market is plunging like it did last Friday and on Monday, it’s tempting to throw in the towel and sell. Big drops can be scary. But dumping stocks on days when the Dow is getting whacked is usually the wrong thing to do. Stocks roared back

By Chris Isidore, CNN Business Jeff Bezos says he wants to get back into outer space ASAP. An Oregon congressman wants the world’s richest man — and all other space tourists — to pay a substantial tax for the privilege. Rep. Earl Blumenauer, a Democrat who represents Portland and some of its suburbs, proposed a

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