Money

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

By Radina Gigova, CNN Up to 10,500 lorry drivers and poultry workers are to be offered temporary UK visas in an attempt to avoid supply chain disruptions ahead of Christmas, the government has said in a statement. The UK government had previously ruled out issuing visas to foreign workers, but reports on Saturday suggested ministers

By Frank Pallotta, CNN Business Fans of Netflix’s immensely popular horror series “Stranger Things” got their most substantial look at the upcoming fourth season of the series on Saturday. The teaser — which Netflix debuted at TUDUM, its first-ever global fan event — provided few details. It also was brief, clocking in at around a

By Chauncey Alcorn, CNN Business Editor’s note: A previous version of this story and headline incorrectly stated that Walmart had not recently hired any people of color to fill executive management roles or board of director vacancies. Walmart has, in fact, hired several people of color for those roles in recent months. A previous version

By Danielle Wiener-Bronner, CNN Business Amazon Prime users must soon say goodbye to free Whole Foods delivery. Starting on October 25, every Whole Foods delivery order placed through Amazon Prime will include a $9.95 delivery charge. Amazon Prime members were notified of the change via email Friday. The new fee is designed to help cover