CNN – Business/Consumer

Opinion by Sean Griffin for CNN Business Perspectives The Walt Disney Company has had a messy few weeks. First, it experienced backlash over its failure to condemn Florida’s new “Don’t Say Gay” law, which will ban schools from teaching students in the third grade and below about gender identity and sexual orientation. Then CEO Bob

By Veronica Stracqualursi and Betsy Klein, CNN President Joe Biden on Friday announced his intent to nominate former Obama Treasury official Michael Barr as the vice chair for supervision of the Federal Reserve, a move that would install a key architect of the Dodd-Frank Act of 2010 as the nation’s top banking regulator. The announcement

By Hannah Sarisohn, CNN New Jersey will begin adult recreational cannabis sales and use starting next Thursday, according to a release from the state’s cannabis regulatory commission. According to the release, the commission will issue licenses to seven alternative treatment centers — including 13 retail dispensaries. Early last year, Gov. Phil Murphy signed the legislation

By Brian Stelter, CNN Business David Zaslav, the longtime leader of Discovery, sketched out his vision for the newly formed Warner Bros. Discovery in his first global town hall with the new company’s employees on Thursday. Zaslav spoke from the iconic Warner Brothers movie studio lot in California and was seen by employees around the

By Anneken Tappe, CNN Business Americans are feeling slightly better about the economy again, in part because they believe the worst of the latest surge in gas prices is behind them, consumer sentiment data showed Thursday. After an initial jump in energy costs in response to the military conflict in Ukraine was felt at US

By Kunyi Yang The road to financial independence is not easy, and usually requires patience and diligence early on. For young people still trying to establish their careers, focusing on retirement or saving for the future may not seem like a top priority. But making the wrong money moves early on can be costly. Here

By Anna Cooban, CNN Business The European Central Bank still won’t say when it might start raising interest rates, even as inflation surges to another record high. Given war in Ukraine, as well as a Covid surge in China, it wants to keep its options open. The ECB reiterated on Thursday that it would only

By Anna Bahney, CNN Business With home prices skyrocketing by double-digit percentages over the last year, it would be no surprise if property taxes jumped too. But surprisingly, the average property tax on a single-family home rose by just 1.8% last year to $3,785, increasing at the smallest pace in the past five years, according

By Nicole Goodkind, CNN Business Wall Street’s biggest players have had a rough start to the year. All of the biggest US banks saw profits take a hit in the first three months of 2022, ending a pandemic-era boom. Citi, Goldman Sachs, Morgan Stanley and Wells Fargo all announced large year-over-year profit declines in their

CNN Editorial Research Here is a look at the life of Indian billionaire Mukesh Ambani, chairman and managing director of Reliance Industries Limited (RIL). Personal Birth date: April 19, 1957 Birth place: Aden, Yemen Birth name: Mukesh Dhirubhai Ambani Father: Dhirubhai Ambani, founder of Reliance Mother: Kokilaben Ambani Marriage: Nita Ambani (1985-present) Children: Akash and

By Nicole Goodkind, CNN Business Gas doesn’t just fuel cars, it also powers Marlboros, Red Bull, and Doritos. An estimated 80% of the fuel purchased in the United States comes from local convenience stores, which bring in about $475 billion of revenue each year, according to IBISWorld data. A quarter of that comes from the

By Matt Egan, CNN New York Attorney General Letitia James launched a wide-ranging investigation Thursday into whether the oil industry has engaged in gas price gouging, a person familiar with the matter told CNN. The probe is believed to be the first in the nation directed at the industry for the ongoing bout of high

By Frank Pallotta and Sana Noor Haq, CNN Warner Bros. removed two lines of dialogue about a gay relationship for the Chinese release of its latest Harry Potter movie. The six seconds of dialogue in “Fantastic Beasts: The Secrets of Dumbledore” discussed the romance between male characters Albus Dumbledore, played by Jude Law, and Gellert