CNN – Business/Consumer

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

By Ella Nilsen, CNN President Joe Biden wants to corner the market on electric vehicles. In August, he announced a target that by 2030, half of the vehicles sold in the United States will be battery electric, fuel-cell electric or plug-in hybrid. It would be a seismic shift for an auto industry dominated by gas-powered

By Chris Isidore, CNN Business This week was supposed to be the time when many workers began returning to offices, and business travelers started returning to the air. Neither of those things is happening the way US airlines had counted on. With the rise of Covid-19 cases in recent months, many offices have pushed back

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By Diksha Madhok, CNN Business BlackRock’s new investment fund in China — the first owned entirely by a foreign firm — has attracted $1 billion from Chinese investors in its first week. The world’s largest asset manager said Wednesday that the fund — which has now raised 6.68 billion yuan — was officially established this

By Julia Horowitz, CNN Business The 30,000 aluminum tins were supposed to show up in a 20-foot shipping container in July. Months later, they haven’t arrived — and SJ Hunt, the co-founder of Lavolio, a boutique confectionery in London, is starting to panic. The made-to-order boxes, which Lavolio packs with fruit, nut and jelly-filled chocolates,

By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. It’s happening from Fox to CNN, from The New York Times to the Los Angeles Times. And it’s happening on two tracks simultaneously. Vaccinated America is learning how to live

By Lauren M. Johnson and David Williams, CNN Restaurants across the country are struggling to find employees, so one establishment in Dallas decided to hire robots to help pick up the slack. It was a “no-brainer,” said Espartaco Borga, the owner of La Duni since 2001, who told CNN he’s never seen the industry in

By Peter Valdes-Dapena, CNN Business At a Munich auto show Monday, Volkswagen unveiled the ID. Life, a tiny, boxy electric SUV, designed for driving on tight city streets. It’s just an endearingly cute concept vehicle now, but VW plans to put something like it into production around 2025. Priced for young, first-time car buyers, the

By Anneken Tappe It’s a volatile day for bitcoin, which briefly fell by more than 10% Tuesday — below the $43,000 mark. The drop comes after El Salvador made good on a plan announced in June and adopted the cryptocurrency as legal tender, making it the first country in the world to do so. The

By Matt Egan Video game CEO John Gibson stepped down from the helm of Tripwire Interactive after his support of the Texas abortion law created a firestorm. Tripwire, which publishes games including “Chivalry 2,” said in a statement Monday that Gibson has stepped down and that his views don’t reflect those of the company. “His

By Anneken Tappe, CNN Business As abortion rights advocates scramble to fight a Texas law that effectively bans abortion in the state, economists are drawing attention to the financial hardships — and subsequent economic downsides — that can occur when women’s reproductive rights are restricted. The effects having children can have on a woman’s career

By Jeanne Sahadi, CNN Business The pandemic has made it very clear to everyone that life doesn’t go as planned. It’s also been a bracing reminder that we could die way sooner than expected. And that means you could inadvertently leave people you love in the lurch. Which brings us to one of the least

By Chauncey Alcorn, CNN Business Wayne Encalarde’s utility truck and trailer were parked in New Orleans’ Ninth Ward 16 years ago when Hurricane Katrina’s floodwaters ravaged the city and all but completely destroyed the neighborhood. The 68-year-old, a plumber and owner of the local Wayne Jude Encalarde plumbing and public works business, says the deadly