Money

By Matt Egan, CNN Business Business economists are marking down their forecasts for US growth this year as the Delta variant takes a toll on the recovery, according to a survey released Monday. The National Association for Business Economists said the panel of 47 economists it surveyed now expects US GDP growth of 5.6%. Although

By Michelle Toh, CNN Business An electric car company owned by China’s Evergrande is having trouble paying suppliers and has called off plans to sell new shares as the group’s woes spread beyond its core real estate business. Shares in China Evergrande New Energy Vehicle Group fell more than 9% in Hong Kong on Monday

By Charles Riley, CNN Business The UK military is on standby to deliver gasoline to service stations after a shortage of tanker drivers forced some to close last week, triggering a spate of panic buying by British motorists. With thousands of service stations having since run dry, the UK government has announced a series of

By Steven Jiang and Michelle Toh, CNN Business HNA Group Chairman Chen Feng and CEO Tan Xiangdong have been detained by Chinese police, according to the company. In a brief statement on Friday, the embattled conglomerate said that the two executives had been “placed under compulsory measures” by Hainan provincial police for suspected criminal offenses.

By Jessie Yeung, CNN Business Comic and animation fans in China were in for a nasty shock this weekend as authorities turned their crackdown on the entertainment industry to yet another target. The National Radio and Television Administration, the country’s broadcasting authority, announced late Friday that it would ban cartoons and other TV shows primarily

By Nectar Gan, CNN Business For Beijing, the return of Huawei executive Meng Wanzhou to China after a prolonged extradition fight with the United States has been celebrated as a resounding victory. From the moment a government-chartered plane lifted Meng out of Canada — where the CFO spent nearly three years living under house arrest

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. “Our country will not survive this.” I watched Donald Trump’s entire “interview” with One America News propagandist Dan Ball, and that’s the quote that stood out the most. Trump was

By Nectar Gan, CNN Business Huawei executive Meng Wanzhou, who spent nearly three years in house arrest in Canada, returned home late Saturday, ending a prolonged extradition fight with the United States and sparking an outburst of national pride in China, where her release has been portrayed as a diplomatic victory for Beijing. Meng, who

By Ramishah Maruf, CNN Business Substack has taken advantage of a new model for the internet, where subscriptions for content are increasingly becoming the norm. The website is the current king of paid newsletters, where writers publish directly to subscribers without the standards of newsroom editors. But as social media sites struggle to monitor misinformation,

By Frank Pallotta, CNN Business “Dear Evan Hansen,” a film based on the beloved Broadway hit musical, opened to a paltry $7.5 million at the North American box office this weekend. Estimates for the Universal Pictures film, which has Ben Platt reprising his role as the titular character, were all over the map. Some analysts

By Charles Riley, CNN Business The United States and China have each taken turns powering the global economic recovery from the pandemic. Is Europe next? The European economy rebounded more strongly than expected after lockdown restrictions were eased earlier this year. And it has avoided some of the big risks now clouding the outlook for

By Matt McFarland, CNN Business Today Tesla dominates the world of electric vehicles, selling about two of every three EVs sold in the US. It’s worth more than twice as much as any other automaker. Teslas are a status symbol and its CEO, Elon Musk, is a celebrity, with 59 million more Twitter followers than