Money

By Nathaniel Meyersohn, CNN Business Store closures in America are expected to drop to a five-year low in 2021– but that’s not exactly good news. The reason is that the industry, which has been hurt in recent years by a shift to online shopping, may have bottomed out last year, when closures were the highest

By Frank Pallotta, CNN Business Disney is releasing more details about the financial performance of “Black Widow” as the company pushes to have a lawsuit brought by Scarlett Johansson — the film’s star — go to arbitration. The company revealed in a court filing on Friday that the Marvel superhero film has made more than

By Anna Bahney, CNN Business The housing market is showing signs of cooling off. Sales of existing homes — which include single-family homes, townhomes, condominiums and co-ops — were up 2% in July from the month before, marking two consecutive months of increases, according to a report from the National Association of Realtors. The number

By Oliver Darcy, CNN Business Public health officials are aggressively dispelling claims by right-wing media personalities who have been promoting an anti-parasitic drug used for livestock as a potential Covid-19 treatment. “You are not a horse. You are not a cow,” the US Food and Drug Administration tweeted Saturday. “Seriously, y’all. Stop it.” Top conservative

By Oliver Darcy and Brian Stelter, CNN Mayim Bialik will be the first guest host of the weekday edition of “Jeopardy!” in the wake of Mike Richards’ abrupt departure from the job. Bialik will host the episodes that are taped this week, sources familiar with the matter told CNN Business. Since the game show typically

By Jackie Wattles, CNN Business Virgin Orbit, the Richard Branson-backed startup that launches small satellites into space, will make its stock market debut later this year, adding another name to the long list of space-focused companies to go public via reverse merger. The deal, expected to close in the last three months of 2021, will

By Jordan Valinsky, CNN Business Starbucks is bringing back the Pumpkin Spice Latte on Tuesday for those people already craving fall. It marks the earliest return date ever — the drink is arriving a day earlier compared to last year. Also returning is Pumpkin Cream Cold Brew, an iced-drink topped with pumpkin cream cold foam

By Frank Pallotta, CNN Business How popular is Spider-Man? So popular that fans were clamoring for a movie trailer that didn’t even exist. The trailer for “Spider-Man: No Way Home” — or some version of it — reportedly leaked online this weekend, sending millions of fans searching social media for any tidbits from the new

By Paul R. La Monica, CNN Business The Delta variant. Inflation. The Fed tapering its stimulus. The mess in Afghanistan. There are a lot of things for investors to be nervous about these days. It shouldn’t come as a huge surprise that the CNN Business Fear & Greed Index, which measures seven gauges of investor

By Danielle Wiener-Bronner, CNN Business The Oreo Cookie Shake is coming back to Applebee’s, thanks to country singer Walker Hayes and his song “Fancy Like.” Applebee’s ditched the item when it slimmed down its menu during the pandemic. But after the song came out in June and started to go viral, the chain decided to

By Julia Horowitz, CNN Business The Delta variant of Covid-19, which has caused a sharp rise in coronavirus cases in countries around the world, is a major risk to the recovery from the pandemic. And in some places, clear signs of damage are cropping up. What’s happening: IHS Markit released preliminary readings from its closely-watched

By Hanna Ziady, CNN Business The vast network of ports, container vessels and trucking companies that moves goods around the world is badly tangled, and the cost of shipping is skyrocketing. That’s troubling news for retailers and holiday shoppers. More than 18 months into the pandemic, the disruption to global supply chains is getting worse,

By Diksha Madhok, CNN Business Bitcoin has surged above the $50,000 mark, as the virtual currency continues to climb out of a months-long slump. It’s the first time bitcoin has reached that milestone since May 15. Bitcoin’s peers also advanced: Ethereum was up more than 3%, while dogecoin rose nearly 2%. Bitcoin had been inching

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. Rachel Maddow is staying at MSNBC — but not in the same role she has held for the past thirteen years. Maddow has signed a new multi-year deal with MSNBC’s