CNN – Business/Consumer

By Anneken Tappe, CNN Business Americans have more debt than ever before. A surge in credit card spending and home purchases caused US household debt to increase by $313 billion, or 2.1%, in the second quarter, according to the Federal Reserve Bank of New York. That’s the largest nominal jump since 2007 and the biggest

By Julia Horowitz, CNN Business Wall Street isn’t convinced that the world’s biggest oil firms can successfully overhaul their businesses as the climate crisis accelerates. The industry response? To dangle more cash. What’s happening: BP, which announced results that beat expectations on Tuesday, upped its dividend by 4% to 5.46 cents per share and said

By Jordan Valinsky, CNN Business PepsiCo is selling a controlling stake of its juice brands, which includes Tropicana and Naked, to a private equity firm in a multibillion dollar deal. The sale is part of the company’s broader efforts to focus on faster-growing beverages as customers increasingly ditch sugary drinks. In the deal announced Tuesday,

By Diksha Madhok, CNN Business Tencent has announced new limits on the amount of time minors can spend playing the company’s online games, even as investors worry that China may extend its historic crackdown on the private sector to the gaming industry. Those fears were stoked Tuesday after Economic Information Daily — a business newspaper

By Jill Disis and Chris Isidore, CNN Business Alibaba sought to reassure investors by unveiling a 50% increase in its share repurchase plans Tuesday while reporting somewhat mixed results. The Chinese online shopping behemoth has been slammed in recent months by Beijing’s widening crackdown on private business, stoking concerns about its future. On Tuesday, it

By Rachel Trent, CNN Are we turning on our webcams today? Is it unprofessional to send an emoji to your boss? May I wear yoga pants to work? As video conferences replaced conference rooms and direct messages replaced water cooler talk, workers in a wide array of industries started asking questions they have never asked

By Kimberly Berryman and Nick Watt, CNN When CNN knocked on her door, Dasha Kelly panicked, thinking the eviction she’s been dreading was finally at hand. “You guys honestly freaked me out this morning when you knocked,” she said. Kelly — who was in the apartment with her boyfriend’s three daughters, Sharron, 8; Kia, 6;

By Anna Bahney, CNN Business The federal eviction moratorium has expired, and landlords in many parts of the country can officially begin removing people from their homes. Even though more than 3 million people said they were likely to be evicted “within the next two months,” according to a Census survey from early July, and

By Livia Borghese and Sharon Braithwaite, CNN Hackers have attacked and blocked an Italian Covid-19 vaccination booking system, a source from Italy’s cybercrime police told CNN on Monday, marking the worst cyberattack the country’s health service has ever seen. An investigation has been opened into the “very serious” attack on the IT system of the

By Alexis Benveniste, CNN Business Businesses across the United States are rolling out new vaccine policies for their employees, but there’s still a critical part of the equation that needs to be addressed: customers. And that challenge is acute in places like New York City, which was hit particularly hard by the pandemic, forcing widespread

Opinion by Henry Fernandez for CNN Business Perspectives The coronavirus pandemic, which left so much destruction in its wake, revealed the depths of human resiliency and ingenuity. Seemingly overnight, many of the world’s largest, most complex organizations underwent radical transformations in order to rise to the challenge. People across the globe found ways to stay

By Frank Pallotta, CNN Business Amazon’s highly anticipated, and reportedly quite expensive, “Lord of the Rings” series finally has a premiere date. The series, which is based on the beloved books by J.R.R. Tolkien, is set to debut on September 2, 2022 on Prime Video, the company announced on Monday. The show will premiere in

By Anneken Tappe, CNN Business Americans are trickling back to their pre-pandemic workplaces, but most offices are still largely empty. And that’s affecting local economies in a major way. Love it or hate it, commuting is good for the economy. You pay train conductors’ salaries with your subway fare. The dry cleaner by the office

By Kerry Flynn, CNN Business Reese Witherspoon’s women-centric media company Hello Sunshine is being sold. The media company has been behind several of the actress’ recent TV projects such as “Big Little Lies,” “Little Fires Everywhere” and “The Morning Show.” The business also includes Reese’s Book Club. Witherspoon launched the company in 2016 as a