CNN – Business/Consumer

By Allison Morrow, CNN Business It seems the Elon Musk mystique — whatever combination of wealth, carefully cultivated charm and A-plus lawyers that have helped him emerge unscathed from countless scandals — is starting to unravel. Here’s the deal: Federal regulators just announced that Musk’s private space tourism company, SpaceX, will no longer receive nearly

By Peter Valdes-Dapena, CNN Business General Motors is selling three years of OnStar service as a $1,500 “option” on all Buick and GMC vehicles, as well as on Cadillac Escalade SUVs. But this is an option you can’t refuse. A three-year OnStar subscription is now simply standard equipment on all these models, GM spokesman Patrick

By Frank Pallotta, CNN Business Disney+ just got more expensive. Unless you’re willing to watch ads. The Disney+ new ad-supported subscription tier will debut in the US on December 8 at a cost of $7.99 a month, the company announced on Wednesday. If that price point looks familiar, it should. That’s what consumers are paying

By Danielle Wiener-Bronner, CNN Business Inflation may be slowing overall, but food prices are still sky-high. Over the last 12 months, grocery prices soared 13.1% — the largest annual increase since the year ending in March 1979, the Bureau of Labor Statistics said Wednesday. The prices of nearly every grocery item have ballooned over the

By Oliver Darcy, CNN Business Media critic Margaret Sullivan is retiring her acclaimed column and leaving The Washington Post this month. “Working at the legendary Washington Post has been one of the greatest privileges of my life,” Sullivan said in a memo sent to her colleagues at The Post. “I’m so grateful to my editors

Martha C. White for CNN Business Runaway inflation took a breather in July, with consumer prices increasing by 8.5% year over year, a slower pace than the 9.1% increase in June, the Bureau of Labor Statistics reported Wednesday. On a month-to-month basis, inflation was 0%, compared to the 1.3% increase in June. Prices began rising

By Danielle Wiener-Bronner, CNN Business Coca-Cola’s latest experimental, limited-time flavor is here. It’s called … wait for it … Dreamworld. And it tastes like … dreams? “We wanted to create a dream-inspired drink that was recognizably Coca-Cola but with additional cues that bring to life the playfulness and brightness of dreams,” a company spokesperson said

By Parija Kavilanz, CNN Business Trendy eyewear brand Warby Parker is the latest in a string of retailers struggling to stay the course as a wobbly economy forces households to pare back and rethink their discretionary buying. Warby Parker, which pioneered the direct-to-consumer model for stylish eyewear under $100, announced job cuts to its staff

By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Fox News largely refrains from criticizing Donald Trump. But, in private, Lachlan Murdoch has denounced some of the former President’s behavior in harsh terms. In private this year, the Fox

By Peter Valdes-Dapena, CNN Business Ford on Thursday will once again begin taking orders for its popular F-150 Lightning electric pickup truck. But this time the base model of the pickup will cost about $7,000 more than before. When the Lightning first went on sale, the Pro version — the base model intended mostly as

By Oliver Darcy, CNN Business Fox News viewers will this week see former Vice President Dick Cheney look into the camera and excoriate former President Donald Trump as the greatest threat to the country “in our nation’s 246-year history.” That’s because Rep. Liz Cheney’s campaign has purchased a series of national ad spots on Fox

By Anna Cooban, CNN Business Nearly one third of households in the United Kingdom will face poverty this winter after paying energy bills that are set to soar again in January, campaigners say. About 10.5 million households will be in fuel poverty for the first three months of next year, according to estimates from the