Money

By Anneken Tappe, CNN Business US stocks tried but failed to rebound Tuesday, after concerns about potential contagion from Chinese real estate giant Evergrande’s debt crisis led to the worst session for the market in months. After weeks without a clear driver for markets, Evergrande’s trouble came at just the right time to trigger a

By Jordan Valinsky, CNN Business Chipotle is adding smoked brisket to its menus nationwide following a successful test conducted last year. The chain said the limited-time offering, which is one of its most requested menu items, will go on sale Thursday. However, members of the chain’s growing rewards program can get it two days early

By Hanna Ziady, CNN Business JPMorgan has launched a new digital retail bank in the United Kingdom under its Chase brand, marking its first push into consumer banking outside North America. America’s biggest bank will be competing in a crowded market dominated by players including Lloyds Bank, HSBC, NatWest and Barclays, as well as newer

By Laura He, CNN Business Evergrande’s chairman promised his employees Tuesday that they will “walk out of the darkness” caused by the embattled Chinese conglomerate’s historic debt crisis. But what happens next for the company is still anyone’s guess, and the lack of guidance from the company and authorities in Beijing about how the crisis

By Michelle Toh, CNN Business Bitcoin is falling as fears of the Evergrande crisis sweep through global markets. The digital currency has dropped 5.7% in the last 24 hours, and was trading at $42,955 per coin as of 2:43 am ET on Tuesday, according to cryptocurrency tracker Coindesk. Earlier, it was down as much as

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. Monday was a day full of pandemic dissonance. Tuesday probably will be, too. On the same day we learned about a major step forward for public health — Pfizer saying

By Ramishah Maruf, CNN Business FedEx will increase its shipping rates starting in the new year, the company announced Monday. The increase is set to take effect on Jan. 3, 2022, and will apply to all US domestic, US export and US import services. FedEx Ground, which delivers to businesses, and FedEx home delivery will

By Alexis Benveniste, CNN Business More than 200 companies, including Twitter, Salesforce and Procter & Gamble, signed a climate pledge that aims to reduce their carbon emissions over the next two decades. The project is part of a collaboration between Amazon and the advocacy group Global Optimism. “The breadth of industry that’s committed to this,

By Peter Valdes-Dapena, CNN Business General Motors will begin replacing damaged and fire-prone battery cells on some of its recalled Chevrolet Bolt electric vehicles in mid-October, the automaker announced Monday. GM first announced a recall of the Chevy Bolt electric vehicles in November 2020 due to fire risk, but it didn’t have an immediate fix.

By Chris Isidore, CNN Business Drinking alcohol and building planes don’t really mix. That’s why Boeing is reportedly investigating two small, empty tequila bottles that were found on one of the planes set to serve as the next Air Force One. The plane is one of two 747 jumbo jets being modified to meet the

By Frank Pallotta, CNN Business Sunday was TV’s biggest night, but it was a mixed bag — at least in terms of the ratings. The 73rd Annual Primetime Emmy Awards averaged 7.4 million viewers for CBS. That number is up 16% from last year. That’s the good news. The bad news is that last year’s

By Parija Kavilanz, CNN Business It’s a good thing that consumers are in a mood to spend heading into the holiday season. They may have to dish out more for a new artificial Christmas tree this year, depending on where they buy it from. Some large sellers of artificial trees say they are increasing their

By Anneken Tappe, CNN Business The US economy is further from being back to normal again. Thanks, Delta. The more infectious variant of Covid-19 is making people anxious about being around others. That’s bad news for the economy going into the winter months, and might mean it’s time to get used to a slower recovery.