Money

By Paul R. La Monica, CNN Business Shares of Affirm Holdings, the recently public fintech firm, soared more than 40% Monday morning following news that it is partnering with Amazon to roll out its buy-now-pay-later function for some purchases over $50. “By partnering with Amazon we’re bringing the transparency, predictability and affordability that Affirm provides

By Matt Egan If Congress doesn’t implement a new eviction ban, three-quarters of a million American households could be evicted later this year, according to new research. Goldman Sachs estimates that between 2.5 million and 3.5 million households are significantly behind on rent, owing a combined $12 billion to $17 billion to landlords. Those renters

By Richard Quest, CNN Global aviation is still struggling to recover from the pandemic, as the Delta variant forces governments around the world to reintroduce coronavirus restrictions on travel. Australia is no exception. Sydney and Melbourne are back in lockdown. But Qantas CEO Alan Joyce believes a robust recovery for the airline is just around

By Julia Horowitz, CNN Business After surging in the spring, the prices of goods like lumber, corn and soybeans have come back down to Earth. Coffee is headed in the opposite direction. What’s happening: Futures for robusta coffee, which is often used to make espresso, recently jumped as high as $2,024 per tonne, their highest

By Esha Mitra, Manveena Suri, Vedika Sud and Rishabh Pratap, CNN Four men, including a Hindu priest, have been charged with the rape and murder of a 9-year-old girl in the Indian capital Delhi, police said Saturday, in a case that has once again highlighted widespread sexual violence and caste-based discrimination in the country. The

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. In an ever-more-internet-connected world, we are getting close-up views of extreme weather in ways that were hard to imagine a generation ago. When Hurricane Ida barreled ashore and ransacked the

By Brian Stelter, CNN Business Earlier this month, Beheshta Arghand made history in Afghanistan. Arghand, a female anchor at TOLO, an Afghan news network, interviewed a senior Taliban representative on the air. The interview garnered headlines around the world. Two days later, Arghand did it again, interviewing Malala Yousafzai, the activist who survived a Taliban

By Alexis Benveniste, CNN Business Hurricane Ida hit New Orleans Sunday after cutting through the Gulf of Mexico, causing massive disruptions to US oil production before making landfall. More than 95% of the Gulf of Mexico’s oil production facilities have been shut down, regulators said Sunday, indicating the massive storm is having a significant impact

By Chauncey Alcorn, CNN Business The makers of some of the most popular toys in the United States sounded the alarm this week about the global shipping crisis and labor shortages limiting their ability to keep stores stocked throughout the fall holiday shopping season. Two leading toy company CEOs who recently spoke with CNN Business

Peloton, the maker of exercise treadmills that have been recalled due to injuries, is the subject of an investigation by the Securities and Exchange Commission. The Department of Justice and the Department of Homeland Security have also subpoenaed documents from the company related to how it reported those injuries, Peloton said in a recent annual