CNN – Business/Consumer

By Jordan Valinsky and Diksha Madhok, CNN Business Ford is ending production in India and taking a hit of $2 billion as it retrenches from a market that has been almost impossible for American automakers to break into. In an announcement Thursday, the company said that roughly 4,000 employees will be laid off and manufacturing

By Hanna Ziady, CNN Business Cathie Wood, the CEO of Ark Invest, is reportedly slashing her exposure to China, and switching to stocks that are in Beijing’s good books. The Wall Street superstar revealed Thursday that her fund has significantly reduced its exposure to China amid sweeping regulatory changes that have made the investment environment

By Angela Dewan, International Climate Editor Australian Prime Minister Scott Morrison all but admitted Thursday that his country had asked UK negotiators to exclude particular climate commitments from a free trade deal agreed in principle in June. The UK government, which is chairing November’s COP26 international climate talks, as well as Australia’s have come under

By Charles Riley, CNN Business On Tuesday, the Reserve Bank of Australia ripped off the stimulus band-aid and confirmed that it would start to scale back its bond-buying program this month despite concerns about the impact of the Delta coronavirus variant on the economy. The European Central Bank followed suit on Thursday, saying that it

By Jordan Valinsky, CNN Business Taco Bell has a plan in place to recycle some of the 8 billion pounds of used sauce packets that go into US landfills every year. The fast food chain is rolling out a nationwide pilot program for customers to send used sauce packets back through the mail. The program,

By Jordan Valinsky, CNN Business Burger King’s menu is getting a big makeover and its customers might not even notice. That’s why Burger King is hiring celebrities to promote the changes. The burger chain announced Thursday that it’s banning 120 artificial ingredients from its food, ranging from the ketchup to buns, as part of its

Opinion by Mark Zandi for CNN Business Perspectives It has been a trying 18 months since the pandemic first struck, and it appears it will take another 18 months for the economy to be free and clear of the impact of Covid-19. When the vaccines for Covid-19 became widely available this spring, there was widespread

By Frank Pallotta, CNN Business “We Make Movies Better.” That’s the tagline of a new advertisement from AMC Theatres. The world’s biggest movie theater chain debuted a $25 million national ad campaign Wednesday that it hopes will bring audiences back to the movies. It’s an unusual move because movie theater chains typically don’t advertise outside

By Kathryn Vasel, CNN Business When employees go back to the office, they may discover that their old desk is no longer waiting for them. Some companies that are switching to a hybrid workforce, where employees spend some days in the office and some at home, are getting rid of assigned seating noting that they

By Nathaniel Meyersohn, CNN Business Amazon will let you skip the checkout line at two Whole Foods stores next year. Amazon is installing its cashier-less “Just Walk Out” technology at the locations, which are set to open in 2022 in Washington D.C. and Sherman Oaks, California. It’s the latest test of the software, which is

By Anneken Tappe, CNN Business America has more job openings than it can fill. That has been a truth of the pandemic recovery. Now the Delta variant is threatening to make that even worse. In July, the number of jobs available in the United States climbed to 10.9 million, a new record high, the Bureau

By Jeanne Sahadi, CNN Business El Salvador’s adoption of bitcoin as legal tender may have been a watershed moment for cryptocurrencies. But in the United States, even though you can use crypto to buy and sell products or services, don’t think for a minute that makes it just like cash — at least not if

By Hanna Ziady, CNN Business UK Prime Minister Boris Johnson’s plan to hike payroll taxes to raise billions in funding for health and social care will raise Britain’s tax burden to its highest ever level, according to the Institute for Fiscal Studies. The independent research organization also said that further tax hikes could be on

By Matt Egan, CNN Business The easiest way to spark a financial crisis and wreck the US economy would be to allow the federal government to default on its debt. It would be an epic, unforced error — and millions of Americans would pay the price. And yet that unlikely situation is once again being

By Charles Riley, CNN Business El Salvador’s “Bitcoin Day” did not go especially well. The impoverished country’s vaunted adoption of bitcoin as legal tender on Tuesday was marred by street protests, technical glitches and an extreme drop in the value of the controversial digital currency. What went wrong? “Chivo Wallet,” a storage app created by