Money

By Jazmin Goodwin, CNN Business Preparing for a baby doesn’t just stop at picking the name or setting up the nursery. It also requires a lot of financial planning. The estimated cost for raising a child from birth to age 17 is an average of $233,610, or $12,189 a year, for a middle-income family (with

By Michelle Toh and CNN’s Beijing bureau, CNN Business One coronavirus case was all it took to shut down a critical part of the world’s third busiest container port. Now, the Meishan terminal at the Ningbo-Zhoushan Port in eastern China is back up and running, according to the state-owned company that manages the port. Operations

By Paul R. La Monica, CNN Business The SPAC party on Wall Street is flaming out about as fast as it began. Increased scrutiny on the accounting methods used by special purpose acquisition companies, along with a series of PR headaches involving high-profile deals, threaten to stop the so-called blank check fad in its tracks.

By Jordan Valinsky, CNN Business Krispy Kreme is doubling down on its popular free doughnut promotion for customers vaccinated against Covid-19. Beginning August 30, the chain is giving anyone with vaccination proof two free doughnuts every day until September 5. The promotion comes following the US Food and Drug Administration’s full approval of the Pfizer/BioNTech

By Brian Stelter, CNN Business MSNBC’s evening lineup will look very different one year from now. The weeknight edition of “The Rachel Maddow Show” will come to an end sometime next year, according to multiple sources with knowledge of her new contract with MSNBC’s parent company NBCUniversal. So MSNBC management needs a new plan for

By Allison Morrow, CNN Business Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. COME AGAIN? The most consequential vaccine in our lifetimes has received full FDA approval, and with it, a new brand name. Everyone please take note of

By Matt Egan, CNN Business The World Bank announced Tuesday it is halting financial support to Afghanistan amid worries about the fate of women under Taliban rule. The news deals another blow to an Afghan economy that relies heavily on foreign aid and is facing the specter of rising food prices. “We are deeply concerned

By Kerry Flynn, CNN Business Gawker’s vote to unionize in 2015 has often been cited as a bellwether event for labor organizing in digital media. A rush of digital media brands quickly followed suit. With the help of the Writers Guild of America, East — the influential labor union that represents film, TV, radio and

By Anneken Tappe and Nathaniel Meyersohn, CNN Business Is the Delta variant hurting the economy? It depends on who you ask. A handful of businesses over the past several weeks have said customers are closing their purses. Consumer confidence fell through the floor, and retail sales sank. Yikes, right? Well, maybe not. Job growth remains

By Nathaniel Meyersohn, CNN Business Next time you order that waffle maker or rice cooker, it could be delivered to you by Walmart, even if that’s not where you bought it. The company said Tuesday that it’s launching a new service that delivers goods sold by other businesses to customers. The service will be ready

By Julia Horowitz, CNN Business Shipping giant Maersk is taking big strides to decarbonize its fleet with an order for eight new “green” container ships. The only problem? There’s not enough carbon neutral methanol to power the vessels. Maersk said Tuesday that it would spend $1.4 billion on eight large ships that will have the

By Kerry Flynn, CNN Business Washington Post humor columnist Gene Weingarten has apologized for a piece he wrote last week about his eating habits, in which he inaccurately described Indian cuisine as “based entirely on one spice.” In the August 19 piece titled “You can’t make me eat these foods,” Weingarten ticked through a number

By Paul R. La Monica, CNN Business It seems that nothing can stop the stock market. The bulls have assumed control. The Nasdaq surpassed the 15,000 level for the first time ever Tuesday, rising 0.5% thanks to continued strength in tech stocks like Microsoft, Nvidia and Google owner Alphabet. It’s been a stunning rise for

By Chris Isidore and Pete Muntean, CNN Business The Federal Aviation Administration is investigating whether Boeing employees who are supposed to flag safety problems with aircraft are being pressured by the company not to raise concerns, according to a letter the agency sent to the aircraft maker. The FAA depends on Boeing employees to carry

By Anna Bahney, CNN Business Since the beginning of the pandemic, property owner Matthew Haines said he has lost a quarter of a million dollars in rental income from tenants who did not pay him rent. “I’ve never woken up having panic attacks before this year,” said Haines, 53, who owns and manages 253 rental

By Frank Pallotta, CNN Business Spider-Man fans finally got what they were waiting for Monday night when Sony premiered the actual “Spider-Man: No Way Home” trailer. Trailers for Marvel movies always come with a lot of excitement, but “No Way Home” is a different story. The film, which stars Tom Holland as the friendly neighborhood