Money

The Model S is finally coming back. Tesla hasn’t delivered one of the luxury sedans since the start of the year thanks to a computer chip shortage and a redesign of the car, once the company’s only offering. Since then, CEO Elon Musk has been promising the return of the Model S was around the

Honeywell CEO Darius Adamczyk is cautioning Washington against doing more to boost a red-hot economy that’s already grappling with rising inflation, worker shortages and materials in short supply. “The economy is doing a little bit better than people expect. It’s actually humming along,” Adamczyk told CNN Business. “I do believe we have to be careful

Fast-growing Swedish oat milk brand Oatly is headed for a splashy New York IPO that will test investor demand for companies that make plant-based foods. The company, which will list on the Nasdaq on Thursday, priced its shares at $17 each, giving it a valuation of $10 billion and raising over $1.4 billion from the

The cryptocurrency market stabilized Thursday, with bitcoin climbing back above $40,000. Even so, the world’s largest digital currency has lost more than 30% in market capitalization since its peak in mid-April. The wider crypto market looks similarly bruised. Several digital currencies are still showing double-digit percentage losses from where they were before the latest turmoil.

Panera, the sandwich and bakery chain, is following its peers with a pandemic-induced redesign that doubles down on digital ordering and drive-thrus. Digital features are heavily emphasized in the restaurant redesign, which Panera said Thursday is a “modern experience to serve today’s guest.” That means computerized menus are replacing low-tech menu boards and the locations

The never ending fast food fried chicken sandwich wars are entering a whole new dimension. Pringles is partnering with Wendy’s for its newest chip flavor that’s based on the chain’s spicy chicken sandwich. The end result is a potato crisp that mixes the “fiery spice blend” of the chicken sandwich and a “perfectly crunchy and

The crypto crash of the past few days has shocked investors around the world. Vitalik Buterin isn’t among them — even though the meltdown wiped out a huge chunk of his personal wealth. In fact, the 27-year-old co-creator of ethereum told CNN Business in an exclusive interview Tuesday morning he believed cryptocurrencies are in a

Zhang Yiming built ByteDance into one of the biggest names in Chinese tech. Now he’s stepping down as CEO at just 38 years old, becoming the latest young tech entrepreneur in China to quit while leading a company on the rise. Zhang — who founded Tiktok owner ByteDance in Beijing nine years ago — announced

A group of 128 British authors, actors, editors and filmmakers have warned that “political and financial attacks” threaten the future of the BBC and other UK public service broadcasters. In an open letter published Wednesday, the group -— which includes writers Salman Rushdie, Hilary Mantel and Armando Iannucci, and actors Hugh Grant and Adrian Lester

IHOP is finally ready to debut its new restaurant concept, Flip’d, in New York City this July. Think of it as a bit like IHOP to go. Flip’d will have its own dedicated menu featuring breakfast items like pancake bowls, egg sandwiches and coffee, as well as lunch or dinner options like burrito bowls. Unlike

Change is hard. Sometimes, talking about change is hard. But for anxious investors, even talking about talking about changes to the Federal Reserve’s stimulus program proved difficult on Wednesday. What happened: The minutes from the central bank’s April policy meeting revealed that several officials think the robust US economic recovery means the Fed should review

A commuter jet was seconds away from landing at a regional airport in Illinois last March when the pilots realized they’d made a potentially fatal mistake: They were aimed at the wrong runway. Had the plane not diverted at the last second, there was a “high probability” the plane would not have had room to

Face masks and lockdown orders have kept lips largely out of sight in the pandemic. That, consequently, hurt lipstick sales last year. But makeup sellers say the fate of the cosmetics staple is starting to turn around as more people get vaccinated and the pace of social interactions picks up. According to the latest figures

If you don’t mind ads, HBO Max just got cheaper. The streaming service from WarnerMedia, CNN’s parent company, announced on Wednesday that a new ad-supported version of the platform will cost $9.99 a month. This is less expensive than the ad-free version, which costs $14.99 a month. HBO Max with Ads will launch the first

Face masks and lockdown orders have kept lips largely out of sight in the pandemic. That, consequently, hurt lipstick sales last year. But makeup sellers say the fate of the cosmetics staple is starting to turn around as more people get vaccinated and the pace of social interactions picks up. According to the latest figures

Amazon will lift its mask mandate for its fully-vaccinated warehouse employees in the United States beginning May 24 in locations where local regulations do not require face coverings, the company informed workers on Wednesday. To be eligible to stop covering their faces while working, Amazon told employees they must be 14 or more days past

Bitcoin and other cryptocurrencies are plunging as anxiety spreads through the market — this time, after China took more steps to crack down on the digital coins. The world’s most heavily traded cryptocurrency plunged as low as $30,202 per coin early Wednesday after starting the day around the $40,000 mark, according to data from Coindesk.

Bitcoin and other cryptocurrencies plunged Wednesday after China took steps to further crack down on digital currency. Anxiety is spreading through the market, but Tesla CEO and crypto fanatic Elon Musk appears to be holding steadying … for now. Tesla bought $1.5 billion in bitcoin earlier this year to hold on its balance sheet. In