Money

by Chiara Grimes, CNN Business For the 44 million Spanish-speaking individuals in the United States, opening a bank account can be an intimidating journey with an array of obstacles. Seis, a new bank targeting Spanish-speaking people, is trying to reshape the mobile banking experience to be more inclusive of immigrants. Trevor McKendrick, the company’s founder,

By Nathaniel Meyersohn, CNN Business The baby formula shortage in the United States has left many mothers and families desperately scrambling to feed their infants. The shortage has been made more acute by the low rate of breastfeeding in the country compared to most industrialized nations, health researchers say, which has made the United States

By Matt McFarland, CNN Business The Department of Transportation announced Thursday that it will soon fund up to $1 billion in projects to reconnect city neighborhoods that have been scarred by highways. Urban experts say the investment pales in comparison to the long-running negative impacts of urban highways, but welcome the funding as a way

By Julia Horowitz, CNN Business Few investors will have experienced a tougher beginning to a year than the six-month stretch that just finished. Professionals have been beaten down, while amateur traders — used to 2021’s eye-popping rallies — were dealt a harrowing reality check. What’s happening: The S&P 500 notched its worst start since 1970,

By Jordan Valinsky, CNN Business Kohl’s is no longer for sale. The department store announced Friday that it has ended its strategic review process and will no longer consider selling itself to Franchise Group, a holding company that owns The Vitamin Shoppe and other retail brands. Kohl’s blamed extreme market volatility and said its finances

By Frank Pallotta, CNN Business “Stranger Things 4 — Vol. 2″ hits Netflix this weekend, and the kids from Hawkins, Indiana, are back at just the right time for the streaming giant. It’s been an awful 2022 for Netflix. Its stock is down 70% this year. In April, the company reported that it lost subscribers

By Diksha Madhok, CNN Business One of the world’s richest men is launching Pret A Manger in India, adding the British coffee and sandwich store brand to a huge business empire that spans energy, retail and telecommunications. A unit of Mukesh Ambani’s conglomerate Reliance Industries said on Thursday that it has entered into a “long-term

By Laura He, CNN Business Hong Kong’s new leader John Lee on Friday vowed to strengthen the city’s standing as a global business hub, but he gave no hint of diverging from Beijing’s insistence on strict zero-Covid rules. The former British colony’s reputation as an international financial center has been battered during the last two