Money

By Jordan Valinsky, CNN Business Sweetgreen is hoping to alleviate some of the pain of paying for its expensive salads with a new discount program. Beginning Monday, the salad chain is selling a subscription-like offering called Sweetpass that gives customers as much as 30% off each purchase. With a $10 subscription, a customer will get

By Julia Horowitz, CNN Business Disney did not have a magical 2021. Even as Covid-19 vaccines allowed countries around the world to lift restrictions, the company’s business struggled. Attendance at its parks disappointed, and momentum from its Disney+ streaming service, once a bright spot, cooled off. The company’s stock dropped almost 15%, making it the

By Jordan Valinsky, CNN Business Not even Little Caesars is immune from price increases: The chain’s signature $5 Hot-N-Ready pizza now costs 11% more. Little Caesars is selling a “new and improved” version of the recognizable pizza, which has 33% more pepperoni and a new price of $5.55 — its first price increase in nearly

By Kerry Flynn, CNN Business The word “metaverse” is popping up everywhere. Facebook recently changed its name to Meta Platforms. Nike bought a virtual shoe company to help it expand to the metaverse. And other brands like Gucci and Ralph Lauren have been considering the future of fashion with digital personas. With all the attention,

By Chris Isidore, CNN Business Tesla bucked the industry-wide trend of reduced sales due to the shortage of computer chips and other parts, posting record sales in the fourth quarter, up 71% from a year earlier. The strong fourth quarter of 308,600 vehicles gave Tesla full-year sales of 936,000, up 87% from the 2020 total,

By Ramishah Maruf, CNN Business One of the defining stories of this year was the Jan. 6 insurrection, and its significance is only growing from here, CNN’s chief media correspondent Brian Stelter said on “Reliable Sources” Sunday. Approaching the one year anniversary, journalists are continuing to report on the attack and its aftermath, and many

By Matt Egan Goldman Sachs is joining a growing list of Wall Street firms advising employees to stay home due to soaring Covid cases. The bank sent a memo Sunday encouraging employees who can work remotely to do so until January 18, a Goldman Sachs spokesperson told CNN. Goldman Sachs cited “rising community infections” in

By Eric Cheung and Tara John, CNN Business The independent Hong Kong news site Citizen News said it will be shutting down on Tuesday, citing the deteriorating media environment in the city and the need to protect its staff. Citizen News was the largest remaining independent news outlet in Hong Kong following the shuttering of

By Chris Isidore, CNN Business What’s Elon Musk doing with the billions he’s collected in the past two months from selling shares in Tesla? It seems possible, maybe even likely, that he’s put at least some of the money into SpaceX, the other company of which he is CEO and primary shareholder. Most of the

By Julia Horowitz, CNN Business The stock market just wrapped up one of its best years on record. Can it repeat its stellar performance in 2022, even when faced with inflation concerns and rising interest rates? Wall Street certainly thinks so. Jonathan Golub, chief US equity strategist at Credit Suisse, predicts that the S&P 500

By Gregory Wallace and Matt McFarland, CNN Business Thousands of US flights were canceled over New Year’s weekend as a combination of Covid-19 disruptions and wintry weather slowed travel. Flight cancellations have trended up steadily since Christmas Eve, hitting a new peak Saturday as millions travel over the holidays. Data from the website FlightAware shows