Money

By Danielle Wiener-Bronner, CNN Business Three years after ditching Qdoba Mexican Eats, Jack in the Box is scooping up Del Taco in a $575 million deal. The deal, which is expected to close early next year, doubles down on Jack in the Box’s success with tacos. Jack in the Box serves an eclectic array of

By Nathaniel Meyersohn, CNN Business Kohl’s should spin off its online business or find a buyer to take the whole company private, an activist investor said Monday. “The public market is not appreciating Kohl’s in its current form,” Engine Capital, an activist fund, said in a letter to Kohl’s board of directors. “There is no

By Anneken Tappe It’s a strong start to the week on Wall Street, where the Dow finished up more than 600 points amid a rebound from last week’s losses. The Dow finished up 1.9%, or some 647 points, while the broader S&P 500 climbed nearly 1.2%. The Nasdaq Composite, which faced the steepest selloff Friday,

Reuters Tesla is under regulatory investigation after a whistleblower alleged the company failed to properly disclose fire risks associated with solar panel defects. The investigation raises regulatory pressure on the world’s most valuable automaker, which already faces a federal safety probe into accidents involving its driver assistant systems. Concerns about fires from Tesla solar systems

By Julia Horowitz, CNN Business Over the past week, as markets were churning on fears that the Omicron variant could derail the global economic recovery, bitcoin prices stayed surprisingly stable. Then came the weekend. What’s happening: The cryptocurrency at one point plunged more than 20% on Saturday. It’s now trading at roughly $48,600, down from

By Jordan Valinsky, CNN Business Kentucky Fried Chicken is testing a new dipping sauce in three US cities. Beginning Monday, customers in Washington, Atlanta and Dallas can add “Sweet Hot Capital City” mambo sauce to their orders for a limited time. The chain describes the flavor as “sweet, spicy and tangy,” and one that “perfectly

By Laura He, CNN Business Shares of Evergrande plummeted to a new record low on Monday as the Chinese developer once again teetered on the brink of default. Evergrande’s stock closed down 20% at 1.81 Hong Kong dollars ($0.23), the lowest since it listed in Hong Kong in 2009. It has lost 87% of its

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. Chris Cuomo’s termination by CNN is the latest example of upheaval in television news. The 7pm Eastern hour on Fox News has been home to rotating hosts for nearly an