CNN – Business/Consumer

By Chris Isidore, CNN Business Elon Musk can thank investors for his staggering net worth of nearly $300 billion. But taxpayers played a crucial role as well. Just how much — or how little — Musk pays in taxes has gotten a lot of attention lately, and even prompted his Twitter poll last weekend that

By Parija Kavilanz, CNN Business It’s beginning to look a lot like pre-pandemic Christmas, with malls and stores bringing back tree lighting ceremonies, carol singers and a less socially distanced Santa this year. Photos with Santa, an annual holiday tradition for many families, were upended last year by the pandemic. Some retail locations that typically

By Paul R. La Monica and Julia Horowitz, CNN Business Consumer spending continues to power the US economy. Whether it’s to buy a new house or just a Squid Game plush toy from Amazon, people still seem willing to shell out their hard earned cash for stuff. Retail sales in the United States soared more

By Frank Pallotta, CNN Business “Saturday Night Live” opened this weekend’s show with Sen. Ted Cruz taking kids to “Ted Cruz Street,” a play on “Sesame Street,” on a channel called “Newsmax Kids.” The Texas senator, who was played by Aidy Bryant, welcomed everyone to the show while standing near a stoop. “Hello, I’m Texas

By Ramishah Maruf, CNN Business Southwest Airlines is the latest carrier to offer new incentives to its employees during the holidays, as airlines gear up to avoid operational delays during a peak travel season. The company is offering operational employees, such as flight attendants and pilots, who work qualifying shifts between November 15 and January

By Chris Isidore, CNN Business Unions and management at Kaiser Permanente have reached a tentative agreement that avoids a strike that was to start Monday at 14 West Coast hospitals and hundreds of more clinics and medical offices. The strike would have been by 32,000 nurses, physician assistants, pharmacists and other health care professionals who

By Chris Isidore, CNN Business Another day, another billion dollars. Or in Elon Musk’s case, $1.2 billion. A filing late Friday shows that Musk sold another 1.2 million shares of Tesla stock on Friday, at an average price of $1,030 a share. It brings his sales for the week to a total of 6.4 million

By Anneken Tappe, CNN Business Cryptocurrencies have hit new all-time highs this month as they become more appealing to mainstream investors. Bitcoin, the most popular digital currency, soared to a new all-time high of nearly $70,000 per coin this week. It has climbed almost 125% this year, while the good old S&P 500 is up

By Laura Smith-Spark, CNN Northern Ireland is once again at the center of post-Brexit tensions between the United Kingdom and the European Union, after both sides fired up the rhetoric in recent days before promising to intensify talks. UK Prime Minister Boris Johnson and his Brexit minister, David Frost, argue that the Northern Ireland Protocol

By Matt McFarland, CNN Business Rivian’s stock price soared Thursday, a day after its Wall Street debut, valuing the company at more than $100 billion. It also had the biggest American initial public offering since Facebook. Rivian, which plans to deliver about a thousand consumer vehicles by the end of 2021, is worth more than