By Jennifer Korn, CNN Business Weeks after Airbnb said it would permanently ban parties at properties rented through its platform, the company is deploying so-called “anti-party technology” in the United States and Canada to help enforce the measure. The new system analyzes a variety of factors, according to a company announcement Tuesday, including previous reviews,
Continue Reading By Jordan Valinsky, CNN Business The Girl Scouts are adding a new, raspberry-flavored cookie to the lineup. The Raspberry Rally, described in a release as a “sister” cookie to the iconic Thin Mints, replaces the mint filling with a raspberry-flavored one. It’s dipped in the “same delicious chocolaty coating” as its sibling. For the first
Continue Reading By Jordan Valinsky, CNN Business The Girl Scouts are adding a new, raspberry-flavored cookie to the lineup. The Raspberry Rally, described in a release as a “sister” cookie to the iconic Thin Mints, replaces the mint filling with a raspberry-flavored one. It’s dipped in the “same delicious chocolaty coating” as its sibling. For the first
Continue Reading By Jordan Valinsky, CNN Business With football season approaching, Buffalo Wild Wings is adding a new menu item that’s all but synonymous with the sport: pizza. For the first time, the sports bar chain is adding pizza to its menu -— with a unique spin. Buffalo Wild Wings pizzas, available beginning Wednesday for $9.99, feature
Continue Reading Martha C. White for CNN Business With lower gas prices effectively putting more money back in their pockets, Americans continued to spend last month. But persistent inflation has reshaped their shopping habits. In July, US retail sales were flat compared to the previous month, the Census Bureau reported Wednesday. That marks a slowdown from June,
Continue Reading By Julia Horowitz, CNN Business Are Americans still reaching for their wallets, even as high inflation forces households to contend with higher bills? The fierce debate over whether the United States is in a recession could hinge on that question, sending economists and investors scrambling to unearth more data that provides clarity. One important set
Continue Reading By Chris Isidore, CNN Business Target reported profit plunged 90% in the second quarter, falling far short of expectations, as inflation-weary customers pulled back on spending on nonessential items. Retailers, including Target, have been forced to cut prices on general merchandise, such as clothing, electronics and home goods, because of excess inventory of goods. Consumers
Continue Reading By Nicole Goodkind, CNN Business A dollar just isn’t worth what it used to be. At the grocery store, you’re getting about 11 cents less than you did just a year ago. That dollar covers 15 cents less on utility bills and it’s worth six cents less on your rent and housing costs. That adds
Continue Reading By Laura He, CNN Business Chinese Premier Li Keqiang has urged China’s wealthiest provinces to “bravely take the lead” to bolster growth and employment, a day after official data painted a gloomy picture for the world’s second largest economy. Li — the No. 2 in the hierarchy of China’s ruling Communist Party — has been
Continue Reading By Diksha Madhok, CNN Business The richest man on earth has once again created chaos and commotion on the internet with his tweets. Tesla’s billionaire CEO Elon Musk tweeted late on Tuesday that he was buying Manchester United soccer club. “Also, I’m buying Manchester United ur welcome,” Musk told his 103 million followers on Twitter,
Continue Reading By Mark Thompson, CNN Business Inflation in the United Kingdom hit a new 40-year high last month, rising above 10% for the first time since 1982 and piling further pain on households already struggling to pay their bills. Annual consumer price inflation hit 10.1% in July, according to data published by the Office for National
Continue Reading By Rob McLean, CNN Business GM is recalling hundreds of thousands of vehicles because of a problem with third-row seatbelts. The National Highway Traffic Safety Administration indicated on August 11 that GM is recalling 2021-2022 Cadillac Escalades, Chevrolet Suburbans, Tahoes and GMC Yukons that have third-row seats. “The rivet that retains the buckle to the
Continue Reading By Matt Egan Interest rates on credit cards are so high these days that consumers with a $5,000 credit card balance could pay an extra $1,000 in interest over the course of a year, according to the Consumer Financial Protection Bureau. The Fed has been aggressively raising interest rates this year in a bid to
Continue Reading By Matt Egan Interest rates on credit cards are so high these days that consumers with a $5,000 credit card balance could pay an extra $1,000 in interest over the course of a year, according to the Consumer Financial Protection Bureau. The Fed has been aggressively raising interest rates this year in a bid to
Continue Reading By Matt McFarland, CNN Business President Biden signed into law the Inflation Reduction Act on Tuesday, and it will reshape the electric vehicle tax credit. Automakers and consumers have scrambled in the last week to brace for its impact. Some car buyers are relieved to have finalized purchases before today, when qualifying became generally more
Continue Reading By Matt McFarland, CNN Business President Biden signed into law the Inflation Reduction Act on Tuesday, and it will reshape the electric vehicle tax credit. Automakers and consumers have scrambled in the last week to brace for its impact. Some car buyers are relieved to have finalized purchases before today, when qualifying became generally more
Continue Reading By Jennifer Korn, CNN Business A staggering $1.9 billion worth of cryptocurrency was stolen in hacks of various services in the first seven months of this year, marking a 60% increase from the same period in the year prior, according to a report released Tuesday from blockchain analysis firm Chainalysis. The surge comes even as
Continue Reading By Jackie Wattles, CNN Business American Airlines is placing a bet on a future in which supersonic jets might return to the skies, shuttling passengers on some routes at speeds roughly twice as fast as current commercial aircraft. Exactly how big that bet is, however, remains unclear. American, which said it put down a deposit
Continue Reading By Catherine Thorbecke and Rishi Iyengar, CNN Business A coalition of Amazon employees walked off the job on Monday at an air freight facility in San Bernardino, California, demanding better pay and working conditions, in the latest sign that worker organizing efforts continue to spread across the tech giant’s vast retail and logistics network. The
Continue Reading By Paul R. La Monica, CNN Business Zoom was one of the biggest beneficiaries of the work-from-anywhere trend that took hold during the height of the pandemic in 2020. But, as more people go back to the office on a regular basis, the stock has plunged. And one top Wall Street analyst thinks the worst
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