CNN – Business/Consumer

By Ellie Stevens, CNN (CNN) — This week, temperatures soared past 100 degrees in many parts of the country. But if you work in an office, chances are the temperatures indoors felt the exact opposite. The short-sleeved shirt you were sweating in on the commute could have you searching for blankets and googling ‘space heaters

By Eva Rothenberg, CNN (CNN) — If you love sandwiches and aren’t all that keen on your name, Subway has an offer for you. This week, the fast food chain announced that one lucky customer who legally changes their first name to “Subway” will be rewarded with free “Deli Hero” subs for life. The contest

By Danielle Wiener-Bronner, CNN New York (CNN) — During its first few days in theaters, “Barbie” raked in $337 million globally in the box office, the largest opening weekend of 2023 so far. But even before the numbers came in, “Barbie” was a merchandising hit. The film had been generating hype for months, thanks to

By Ramishah Maruf, CNN New York (CNN) — Heartland Tri-State Bank of Elkhart, Kansas, failed on Friday, with the Federal Deposit Insurance Corporation taking control. The FDIC agreed to assume all the deposits of Heartland Tri-State Bank to protect customers, entering a purchase and assumption agreement with Dream First Bank of Syracuse, Kansas. That means

By Kara Scannell, CNN (CNN) — Federal prosecutors urged a judge to revoke Sam Bankman-Fried’s bail to stop him from tampering with witnesses before his criminal fraud trial, saying there are likely no conditions that the cryptocurrency entrepreneur will abide by to satisfy their concerns. “The defendant’s attempts to tamper with witnesses and interfere with

By Gregory Wallace, CNN (CNN) — The Biden administration on Friday proposed modest increases to fuel efficiency standards for the vehicles most Americans drive. The proposal fits alongside the administration’s push for increasing the share of electric vehicles on the roads. The US Department of Transportation is taking public feedback this summer and fall on

By Ella Nilsen, CNN (CNN) — As Texas bakes under a sweltering heat dome this summer and people crank their air conditioners, the state’s energy demand has smashed records. But the power has stayed on and prices haven’t spiked tremendously. Thank wind and solar, energy experts say. “Renewables have been performing very well this summer,

By Nicole Goodkind, CNN New York (CNN) — The meme traders are back. Shares of Tupperware (TUP) have exploded by about 165% this week and more than 300% over the last month for no discernible reason. The Florida-based container company has been in hot water for some time. Sales are on the decline and Tupperware

CNN By Nicole Goodkind, CNN New York (CNN) — The meme traders are back. Shares of Tupperware (TUP) have exploded by about 165% this week and more than 300% over the last month for no discernible reason. The Florida-based container company has been in hot water for some time. Sales are on the decline and

By Eva Rothenberg, CNN (CNN) — International airlines have reported significant profits this year, boosted by strong demand for leisure travel – and events, such as the World Cup, which gave Qatar Airways an enormous lift. On Thursday, International Airlines Group, which includes Aer Lingus and British Airways, announced a record profit of about $1.4

By Bryan Mena, CNN Washington, DC (CNN) — US wage gains cooled in the second quarter, showing some easing of inflationary pressures, according to data from the Bureau of Labor Statistics released on Friday. Wages and benefits paid to US workers rose 1% in the second quarter from the prior one, a slightly weaker pace

CNN By Bryan Mena, CNN Washington, DC (CNN) — US consumers have been feeling a whole lot better this summer as inflation has continued to slow. Consumer sentiment tracked by the University of Michigan rose 11% in July from the prior month, reaching its highest level since October 2021, according to a final reading of

By Alicia Wallace, CNN Minneapolis (CNN) — Another key economic report further propped up the idea that a soft landing is not only possible, but also in motion: The Federal Reserve’s preferred inflation gauge continued its deceleration in June while consumers kept the US economic engine running. Commerce Department data released Friday showed that the

By Chris Isidore, CNN New York (CNN) — ExxonMobil’s profit fell sharply in the second quarter on lower oil and natural gas prices, leaving earnings below Wall Street forecasts. The company earned $7.9 billion, or $1.94 a share, down 56% from a year earlier. Analysts surveyed by Refinitiv had forecast earnings of $2.01 a share.

By Mark Thompson, CNN (CNN) — Solid economic growth in France and Spain, and a very modest recovery in Germany could be enough to confirm that the euro area has already exited a recession that started in the final quarter of 2022. Official data showed that French GDP was up 0.5% in the April-June period,

By Rhea Mogul, CNN New Delhi (CNN) — A Bollywood film has been accused of trivializing the murder of millions during the Holocaust with flippant dialogue and a storyline that uses the Nazi’s death camps as a metaphor for relationship woes, prompting a prominent Jewish rights group to call for its removal from streaming platforms.

By Ramishah Maruf, CNN New York (CNN) — The maker of Oreo and Cadbury Dairy Milk chocolate is thanking an increased demand for sweets in the first half of the year for its positive forecast, Mondelez (MDLZ) International said in its second quarter earnings call Thursday. “We feel good about continued consumer confidence,” the company

By Danielle Wiener-Bronner, CNN New York (CNN) — Chick-fil-A is testing out two new restaurant concepts — a four-lane drive thru with a kitchen above and a walk-up store for digital orders — as it becomes the latest chain to try to get customers to skip the dining room. The drive-thru is set to open