CNN – Business/Consumer

by Vanessa Yurkevich, CNN Another record breaking number of imports passed through the US’s major container ports this spring — showing no sign of a slowdown in consumer demand, the National Retail Federation, or NRF, said Friday. “Cargo volume is expected to remain high as we head into the peak shipping season, and it is

By Peter Valdes-Dapena, CNN Business The percentage of Americans who say they would “definitely buy” an electric vehicle has more than tripled over the past two years, according to a new survey. That’s a little less impressive than it seems at first glance: It went from just 4% of Americans in 2020 to 14% in

By Frank Pallotta, CNN Business Former WWE chief executive Vince McMahon paid more than $12 million to four women to cover up “allegations of sexual misconduct and infidelity,” according to a Wall Street Journal report. The women, all of whom were involved with WWE, signed agreements with McMahon that “prohibit them from discussing potential legal

By Michelle Toh, CNN Business Germany’s biggest landlord will turn down the heat for hundreds of thousands of residents in the coming months as Russia throttles supplies of natural gas. Vonovia, which bills itself as the biggest provider of housing in Germany with 1 million tenants, said Thursday it was trying “to save as much

By Christine Romans, CNN Business It’s “almost impossible” for the Fed to tamp down inflation without tipping the US economy into a recession, says Former IMF Chief Economist Ken Rogoff. “[The Fed] would have to be very lucky,” Rogoff told CNN’s Christine Romans on Early Start. “They have to decide: Do they have to have

By Chris Isidore, CNN Business GameStop has fired its chief financial officer and is preparing to make cuts to its staff. Shares of the company’s volatile stock fell 5% in premarket trading Friday. The stock rose 15% Thursday after the company planned a four-for-one stock split, GameStop did not give a reason for firing CFO

By Nathaniel Meyersohn, CNN Business The highest rate of inflation in decades has forced businesses to raise prices on food and other products once considered sacrosanct. Among the list of inflation casualties: $1 prices at Dollar Tree, the $1 slice of pizza in New York City, Little Caesars’ $5 Hot-N-Ready pizza, McDonald’s dollar drink deals

By Nicole Goodkind, CNN Business If you follow markets news, you’ve probably seen a few hundred headlines this year akin to: “Stocks slide as red-hot inflation weighs on investors.” At first glance, it’s a perfectly reasonable thesis. Inflation rates are still at 40-year highs and the Fed is serious about raising rates to fight them. Neither is particularly

By Alicia Wallace, CNN Business The US economy added 372,000 jobs in June, an unexpected boost in hiring and a signal that the labor market remains robust despite recession fears, according to the monthly jobs report from the Bureau of Labor Statistics released Friday. The unemployment rate held steady at 3.6%, still close to the 52-year low last reached

By Diksha Madhok, CNN Business India risks damaging its reputation among foreign investors with its “frequent investigations” into Chinese companies, Beijing said this week. China’s embassy in India said in a statement Thursday that probes by Indian authorities into Chinese companies were disrupting “normal business activities” and chilling “the confidence and willingness of market entities

By Lauren Said-Moorhouse and Lauren Kent, CNN Business Parts of a tabloid article alleging that Prince Harry tried to keep a legal challenge against a British government department a secret were “defamatory,” a UK High Court judge ruled on Friday. The Duke of Sussex is suing Associated Newspapers Limited (ANL) after one of its publications,