Money

By Matt Egan, CNN Business In a blow to the climate movement, US power companies are ramping up their coal consumption due to surging natural gas prices. US coal-fired generation is expected to surge by 22% in 2021, the US Energy Information Administration said Monday. That would mark the first annual increase in coal-fired electric

By Danielle Wiener-Bronner, CNN Business IHOP wants to give you a new reason to get its food on the go and consider it an option for later in the day. The chain on Monday added a new line of sandwich melts, including a roasted turkey melt, pulled pork melt, buffalo chicken melt and even a

By Sean Lyngaas and Brian Stelter, CNN Sinclair Broadcast Group, one of the largest TV station operators in the US, said Monday that a ransomware incident is disrupting some of its office and operational networks. At an early afternoon town hall meeting held via Zoom, staffers were told that the ripple effects are widespread and

By Matt Egan, CNN Business A bipartisan group of lawmakers warned Amazon on Monday they are concerned top executives including former CEO Jeff Bezos may have misled or even lied to Congress about the company’s business practices. The lawmakers, members of the House Judiciary Committee’s antitrust subcommittee, cited recent media reports that cast doubt on

By Julia Horowitz, CNN Business Goldman Sachs has received clearance to take full ownership of its securities joint venture in China, a sign that Beijing remains open to foreign financial firms even as geopolitical tensions simmer. Goldman announced Sunday that the entity, previously called Goldman Sachs Gao Hua Securities Company, will be renamed Goldman Sachs

By Rob McLean and Chris Isidore, CNN Business The auto industry continues its rush to build factories for production of the massive batteries needed to power electric vehicles. Automaker Stellantis, formed by last year’s merger of Fiat Chrysler and French automaker PSA Group, and South Korean battery maker LG Energy Solution announced Monday they are

By Ed Scott-Clarke and Max Burnell, CNN Business Companies and people who want to cancel out the impact of their emissions on the climate often turn to something called carbon offsetting. So what is that, exactly? The idea is that any carbon emitting process, from a long-haul flight to electricity generation, can be offset by

By Ramishah Maruf, CNN Business The media treats some aspects of the first amendment — such as press freedom — as sacred. But when it comes to other crucial protections, including free and fair elections and other basic tenets of democracy, there tends to be a “sliding scale.” On “Reliable Sources” Sunday, CNN’s chief media

By Brian Stelter, CNN Business Bari Weiss says her publication on Substack, Common Sense, is meant to be “the newspaper for the 21st century, ultimately. I’m starting it out as the op-ed page that I want to read.” One year after quitting The New York Times, Weiss has not drifted off into obscurity, as detractors