Money

By Parija Kavilanz, CNN Business The next time you do a Target run for milk, cereal, toilet paper and shampoo, you can add a new item to the list: pricey makeup brands that weren’t available there before. That’s because the chain is opening Ulta Beauty mini shops in August in more than 100 Target locations

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. “Get vaccinated,” Senator Mitch McConnell said Tuesday. And, he added, just as importantly, “ignore all of these other voices that are giving demonstrably bad advice.” McConnell’s words were newsworthy because

By Paul R. La Monica, CNN Business When the market is plunging like it did last Friday and on Monday, it’s tempting to throw in the towel and sell. Big drops can be scary. But dumping stocks on days when the Dow is getting whacked is usually the wrong thing to do. Stocks roared back

By Chris Isidore, CNN Business Jeff Bezos says he wants to get back into outer space ASAP. An Oregon congressman wants the world’s richest man — and all other space tourists — to pay a substantial tax for the privilege. Rep. Earl Blumenauer, a Democrat who represents Portland and some of its suburbs, proposed a

By Matt Egan, CNN Business The bipartisan infrastructure plan and President Joe Biden’s $3.5 trillion proposal to widen the social safety net won’t cause runaway inflation if passed by Congress, according to a new report by Moody’s Analytics. “Worries that the plan will ignite undesirably high inflation and an overheating economy are overdone,” Mark Zandi,

By Hanna Ziady, CNN Business About 2.5 billion metric tons of food is wasted around the world each year, roughly half of which is lost on farms including in Europe and the United States. That’s having a huge impact on the climate. A report published Wednesday by the World Wildlife Fund and UK grocery retailer

By Lauren Hakimi, CNN Business Several kosher grocery stores around the United States have decided to pull Ben & Jerry’s from their shelves after the company’s announcement this week that it would stop doing business with a licensee in Israel that sells ice cream in the Israeli-occupied Palestinian territories. Dani Secemski, the owner of Glatt

By Charles Riley, CNN Business Netflix lost 433,000 subscribers in the United States and Canada during the second quarter, according to financial results issued after the bell on Tuesday. That’s not great news for a company that has churned out huge growth in the past, inspiring rivals such as Disney, Apple, Comcast and CNN parent

By Rob McLean, CNN Business JPMorgan Chase really, really wants CEO Jamie Dimon to stick around. The investment bank awarded Dimon 1.5 million stock options on July 20 — priced at the average price of JPMorgan’s stock on Tuesday, according to a filing with the Securities and Exchange Commission. Today, that’s an award worth more

By Matt Egan, CNN Business The biggest question facing the US economy is when skyrocketing consumer prices will come back to earth. The emergence of the Delta variant only deepens that inflation mystery. The hope is that inflation will cool off as the economy fully reopens, allowing supply to catch up with increasing demand. But

By Chris Isidore, CNN Business This could be the best time ever to sell or trade in your used car. Used cars are selling for record high prices, and that’s clearly good news for those looking to sell. Here are 5 ways to ensure you’re getting top dollar for your sale. 1. Don’t hold out

By Alexis Benveniste, CNN Business Amazon founder Jeff Bezos caught up with CNN’s Anderson Cooper after returning to Earth Tuesday, reflecting on his trip to space and the moments before takeoff. Before leaving for space, Bezos and his crew “told each other we love each other,” he told Cooper. “It was a very emotional morning,”

By Frank Pallotta, CNN Business Netflix posted sluggish subscriber growth when it reported earnings Tuesday, and forecast bigger gains ahead. But Wall Street isn’t satisfied. The streaming service said it has 209 million subscribers globally after adding a little more than a million subscribers in the second quarter of 2021. That beat the company’s own