CNN – Business/Consumer

By Chris Isidore, CNN Business Tesla sales dropped sharply in China, according to a trade group report, suggesting it is losing ground in the world’s largest market for both traditional and electric vehicles. The China Passenger Car Association reported that Tesla’s sales in China fell to 8,621 cars in July, down nearly 70% from June.

By Kathryn Vasel, CNN Business With some companies still trying to figure out exactly how often their employees will need to be in the office, one thing has become clear: many workers want flexibility. While asking for a flexible work schedule is likely easier now than it was pre-pandemic, it can still be uncomfortable to

By Jordan Valinsky, CNN Business The newest entrant into the spiked seltzer wars is … Mountain Dew. The PepsiCo-owned soft drink is partnering with the Boston Beer Company to make “HARD MTN DEW,” a sugar-free canned beverage with 5% alcohol by volume. In a press release, the companies said they paired together because they “understand

By Hanna Ziady, CNN Business If there was ever any doubt that individual investors are a powerful new force on Wall Street, AMC Entertainment CEO Adam Aron may just have silenced the skeptics. The latest: On the company’s earnings call Monday, Aron made it very clear through his choice of words — and downright flattery

By Michelle Toh, CNN Business SoftBank CEO Masayoshi Son is cutting back on new investments in China as the country’s private sector continues to face a historic regulatory crackdown. The Japanese billionaire said at an earnings presentation Tuesday that he would take a cautious approach until the impact of new regulations are clear. Chinese companies

By Jordan Valinsky, CNN Business Amazon is changing its complaint process for returns and will pay customers up to $1,000 for products sold by third-party sellers that caused damage or personal injury. The company announced Tuesday that it will deal with customer satisfaction itself and go after companies afterward if third parties are unresponsive or

By Rachel Ramirez and Alexis Benveniste, CNN Business The climate crisis is accelerating at unprecedented pace, according to a new United Nations state-of-the-science report. It is “a code red for humanity,” said UN Secretary-General António Guterres — and given that the report concludes the entirety of the warming is due to human greenhouse gas emissions,

By Tami Luhby, CNN Business Companies big and small are raising wages to attract workers and hold onto employees as the economy revs back into gear. But those fatter paychecks aren’t going as far, thanks to rising inflation. In fact, compensation is now lower than it was in December 2019, when adjusted for inflation, according

By Julia Horowitz, CNN Business The UK government has been warned to stop a massive North Sea oil project or see its hopes of becoming a climate leader dashed as the country prepares to host a crucial environmental summit later this year. In the coming weeks, Britain’s oil regulator could decide whether to green-light the

By Michelle Toh, CNN Business AMC is jumping on the crypto bandwagon. In an earnings call Monday, the theater chain announced that it would start rolling out technology to let moviegoers in the United States pay for their tickets and snacks in bitcoin by the end of the year. “I’ve had to learn more in

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. There is an old adage, sometimes attributed to Neil deGrasse Tyson, that “ignorance is a virus.” It showed up on a protest sign in Los Angeles last month when a

By Scottie Andrew, CNN Vaccination against Covid-19 is increasingly becoming a ticket of entry into restaurants, gyms and indoor performances — or all of the above, if you’re a New York City resident. Rather than misplace your vaccination card, you can log your vaccination status on your phone to use as proof as you reenter

By Paul R. La Monica, CNN Business DraftKings is making an even bigger bet on the business of high-stakes wagers, buying Golden Nugget Online Gaming, another leader in the online casino world, for $1.56 billion. Shares of Golden Nugget Online Gaming skyrocketed nearly 50% on the news. The company is controlled by Tilman Fertitta, the

By Brian Stelter, CNN Business Mike Richards, who is in line to become the new host of “Jeopardy!,” is defending himself against allegations that he mistreated colleagues at another game show. At the same time, he is also confirming has been asked to “consider hosting the show.” Richards, who is currently the executive producer of