Money

By Anna Bahney, CNN Business If you are feeling the pinch of higher rents, you’re not alone. Nearly 60% of renters saw a rent increase during the past year, while just 38% said they saw their income increase, according to a study from Freddie Mac. And renters were less likely than all employed respondents to

By Chris Isidore, CNN Business Tesla is celebrating its one millionth car manufactured in China, a major milestone for the electric car company’s global ambitions. But Tesla hasn’t overcome its recent troubles in the country just yet. The one-million milestone news came via a weekend tweet from Tesla CEO Elon Musk. But the China Passenger

By Matt McFarland, CNN Business “Full self-driving,” the controversially named driver-assist feature from Tesla, may have finally met its match. Tesla’s foil isn’t a silver-haired US Senator, world-class autonomous driving experts, or some of the country’s preeminent safety advocates. They’ve all warned that “full self-driving” isn’t really full self-driving. The technology is designed to navigate

By Paul R. La Monica, CNN Business Disney wowed Wall Street last week with strong earnings thanks to solid Disney+ subscriber gains and healthy theme park attendance. But that’s not enough to completely win over one activist investor. Third Point has bought a new stake in Disney after selling one off earlier this year, the

By Danielle Wiener-Bronner, CNN Business Starbucks is requesting a suspension of mail-in ballots at unionization votes currently going on at its stores across America. The coffee chain is accusing National Labor Relation Board employees in Kansas and elsewhere of misconduct in handling these mail-in votes, actions it said has skewed results in favor of unionization.

A record number of Americans quit their jobs last year. The reasons for leaving varied: some workers were looking for new opportunities, others wanted more flexibility, higher pay or were starting new careers. But, the grass isn’t always greener when you take on a new role. Sometimes the workload isn’t what you thought it’d be

By Jeanne Sahadi, CNN Business There are plenty of advantages to being single. Among them: You can call the shots in your life without compromise. But being single may cost you more in spending, savings and benefits than being in a relationship with someone who shares in life’s financial obligations. The glaring exception, of course,

By Matt Egan, CNN Business In the latest sign of turbulence in the US economy, New York-area manufacturing suffered a large and unexpected setback in August, according to a survey released on Monday. The New York Federal Reserve said its Empire State Manufacturing Survey plunged by 42 points in August to -31.3. That marks the

By Jordan Valinsky, CNN Business It’s not just Peloton that’s spinning into trouble: Indoor cycling studio SoulCycle is closing about 25% of its locations. It’s yet another signal that consumers’ exercise habits continue to change as the pandemic wears on. In the coming days, SoulCycle will shutter around 20 of its 83 studios: six in