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By Oliver Darcy, CNN Business Daniel Glaun woke up on Thursday morning not knowing whether or not his home had fallen victim to Hurricane Ian. Glaun, a reporter at the News-Press, the broadsheet that services Fort Myers, Florida, had slept on a mattress cover inside NPR affiliate WGCU’s building, which has become a refuge for

By Paul R. La Monica, CNN Business September was a horrible month for stocks. The Dow fell nearly 9%, its worst monthly drop since March 2020, when pandemic lockdowns started in the United States. The index ended Friday deeply in the red, too. The Dow, a widely watched barometer of America’s stock market that includes

By Tami Luhby and Alicia Wallace, CNN Americans are feeling more positive about the economy and believe inflation will settle down — but plenty of uncertainty is still swirling. The University of Michigan’s consumer sentiment index for September settled in at 58.6, down slightly from preliminary readings of 59.5, according to findings from the school’s

By Matt Egan The apparent sabotage of the Nord Stream pipelines running from Russia underscore Europe’s massive energy vulnerabilities, former US energy regulator Neil Chatterjee told CNN. “It’s a scary situation. They are basically hoping and praying for a mild winter,” Chatterjee, a former commissioner and chairman of the Federal Energy Regulatory Commission, said in

By Parija Kavilanz, CNN Business Spanx, a brand founded by shapewear pioneer Sara Blakely, has named Kim Jones her successor as CEO. The Atlanta-based company promoted Jones, a longtime Spanx executive, on Friday. Blakely will continue to serve as the chair of Spanx’s board. Jones joined Spanx in 2005 and previously held roles as the

By Matt McFarland, CNN Business GM’s self-driving car subsidiary Cruise said earlier this year that it wants to add as many as 5,000 more robotaxis to American streets, including in San Francisco, where it currently maintains a fleet of fewer than 100 cars. But the city says the robotaxis are already shaping up to be

By Chris Isidore, CNN Business Hurricane Ian may have caused as much as $47 billion in insured losses, according to the latest estimate, which could make it the most expensive storm in the state’s history. CoreLogic, a research firm that estimates losses from natural disasters, released the estimate for damages as of Thursday night. The

By Anna Cooban, CNN Business EU governments agreed Friday to tax the windfall profits of oil and gas companies and to cap the revenues of some electricity generators as the cost of Europe’s energy crisis spirals higher. But energy ministers from the 27 EU member states failed to reach an agreement on a proposal by