Money

By Julia Horowitz, CNN Business There are a number of reasons for global investors to be keeping close watch on China, from signs its economy is slowing to Beijing’s disruptive crackdown on private business. But the list doesn’t end there. What’s happening: Evergrande, one of China’s largest property developers, is in dire straits. It warned

By Laura He, CNN Business Heavyweight global investment firms are sticking with China despite a sweeping crackdown on business by the ruling Communist Party that has wiped $3 trillion off the market value of the country’s biggest companies. Even as authorities rip up the status quo for tech, education and other private enterprise, drawing comparisons

By Matt Egan, CNN Business A large chunk of gas stations in Louisiana cities don’t have fuel in the aftermath of Hurricane Ida, according to outage figures compiled by GasBuddy. As of 3:30 pm Central Time, 35.2% of the gas stations in Baton Rouge didn’t have fuel, according to GasBuddy, an app that tracks fuel

By Chauncey Alcorn, CNN Business Pearl Milling Company unveiled a new ad campaign this week to remind pancake and syrup lovers that although the brand changed its name from Aunt Jemima earlier this year, it still tastes the same. The only mention of the old brand in the new brand’s commercials is a brief fine-print

By Kerry Flynn, CNN Business Mike Richards is out as executive producer of “Jeopardy!” and “Wheel of Fortune,” Sony, the company behind the two shows, announced Tuesday. The news comes after a turbulent past month for “Jeopardy!” in which Richards was first named its new host and then stepped down about a week later amid

By Paul R. La Monica, CNN Business Investors may still be nervous about the Delta variant and Afghanistan. But Federal Reserve Chair Jerome Powell eased many worriers on Friday when he signaled that the central bank is not going to hit the panic button anytime soon over inflation concerns. Wall Street sentiment has improved dramatically

By Chauncey Alcorn, CNN Business Advocates for increasing Asian American and Pacific Islander representation in film and television are doing everything they can to ensure Disney and Marvel’s “Shang-Chi and the Legend of the Ten Rings” scores a knockout at the box office when it opens in theaters Friday. The martial arts superhero film featuring

By Julia Horowitz, CNN Business Digital payments are booming in India — and Prosus, the tech investment firm, wants a bigger piece of the action. The Netherlands-based company said Tuesday that it had agreed a $4.7 billion deal to buy Indian digital payments provider BillDesk. Prosus plans to merge BillDesk with its own fintech business,

By Jeanne Sahadi, CNN Business So many factors go into deciding whether to quit your job, but pay is a big one. Even if money isn’t your top priority, it’s important to figure out how much you’re actually getting from your current employer because what you make is more than just your salary or wage.

By Matt Egan, CNN Business Progressive Democrats, including New York Rep. Alexandria Ocasio-Cortez, are calling on President Joe Biden to give the Federal Reserve a sweeping makeover by replacing Jerome Powell as chairman. “We urge President Biden to reimagine a Federal Reserve focused on eliminating climate risk and advancing racial and economic justice,” the lawmakers

By Diksha Madhok, CNN Business India’s economy grew at a record pace in the second quarter, even as the country grappled with a devastating wave of Covid-19. But Asia’s third largest economy isn’t out of the woods yet and remains smaller than at the start of the pandemic. GDP rose 20.1% in the three months

By Peter Valdes-Dapena, CNN Business Cruising up a highway heading north out of New York City, the bright white Jeep Grand Wagoneer I was driving got the sort of attention usually given to Lamborghinis and Ferraris. Other vehicles maneuvered to get a better look and smartphones were held out through car windows for a shot.