CNN – Business/Consumer

By Chris Isidore, CNN A popular misconception has emerged about Elon Musk and Tesla: The megabillionaire’s love affair with Twitter is the main reason Tesla shares have lost so much value this year. But Tesla’s steep stock selloff this week proved that the problems at Musk’s car company go well beyond Twitter. Even as Musk

By Ramishah Maruf, CNN Samsung recalled more than 660,000 washing machines, warning customers that the machine could short-circuit and overheat, posing a fire hazard. The company received 51 reports of “smoking, melting, overheating or fire involving the washers.” Ten of these reports resulted in property damage, and three customers reported injuries from smoke inhalation. Several

By Hanna Ziady, CNN Brits hoping for a new-year salary bump to offset soaring food and energy costs may be disappointed. The average British worker’s pay in 2023 is expected to fall back to 2006 levels once inflation is taken into account, according to PwC. Real wages, which factor in inflation, are expected to fall

By Danielle Wiener-Bronner, CNN Comically oversized snack foods. A cocktail infused with processed cheese. And a fine dining establishment for feline lovers. In 2022, there were plenty of restaurants, food manufacturers and at least one artist collective that tried to break through with their shenanigans. These food stunts were often outrageous and sometimes regrettable. But

By Inke Kappeler, Xiaofei Xu and Anna Cooban, CNN Pig herds in Germany have shrunk to a record low as producers battle soaring input costs, adding to the list of German industries hobbled by the energy crisis. Pig stocks and the number of pig farm farms fell “because of the persistently difficult economic situation,” the

By Kara Scannell, CNN Sam Bankman-Fried, the disgraced founder of crypto exchange FTX, appeared in a US courtroom in New York Thursday to face eight counts of fraud and conspiracy. A judge released him on a $250 million bond in his first appearance on American soil since his arrest last week in the Bahamas. The

By Matt Egan, CNN The “once-in-a-generation” winter storm sweeping across the nation will force Americans to crank up the heat at a time when it’s become increasingly expensive to do that. Even before this historic winter storm emerged, experts warned home heating costs would jump this winter to the highest level in more than a

By Vanessa Yurkevich, CNN Immigration has long been a political football in the United States. But If you’re wondering why America’s labor shortage persists nearly three years into the Covid pandemic, it’s in part because America doesn’t have enough immigrants. Immigrants are vital to the US economy and fill thousands of US jobs — jobs

By Nathaniel Meyersohn, CNN The popular NFL Sunday Ticket package is leaving DirectTV and heading to YouTube TV. The NFL announced the partnership with YouTube TV, owned by Google, on Thursday. It follows years of speculation about which media company would be next to own the rights to Sunday Ticket, which broadcasts all out-of-market NFL

By Swati Gupta and Rhea Mogul, CNN India’s health minister has advised the public to take precautions against Covid-19, including getting vaccinated and wearing masks, as the country remains on alert for potential new variants that could emerge from the wave of infections sweeping neighboring China. Health Minister Mansukh Mandaviya on Thursday told Parliament that

By Laura He and Cheng Cheng, CNN The abrupt shift in China’s Covid policy has left its people and health facilities ill-prepared to deal with a huge wave of infections, leading to widespread shortages of the most common drugs used to alleviate flu-like symptoms. The local versions of Tylenol and Advil are nearly impossible to