Money

By Laura He, CNN Business China’s embattled property giant Evergrande has failed to deliver a preliminary debt restructuring plan it had promised by July 31, leading to further concerns about the future of the world’s most indebted developer. The real estate company’s failure to meet its self-imposed deadline comes at a time when China’s entire

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. Penguin Random House announced its bid to acquire Simon & Schuster in November 2020. The deal — combining two of the top five book publishers in the United States —

By Emmy Abbassi, CNN Here’s your chance to earn some sand dollars. Hotels.com is looking to hire a Retro Beach Motelier, who will visit several retro beach motels across the United States and enjoy oceanside views in 1950s style. The itinerary is comprised of Hotels.com’s 10 best retro beach motels across America, including The Pearl

By Zoe Sottile, CNN Cat food brand Fancy Feast is expanding into feline-inspired human cuisine, with a New York City Italian restaurant designed to celebrate the company’s new line. Gatto Bianco, which means “white cat,” is described by Fancy Feast as an “Italian-style trattoria,” and will be open for dinner reservations on August 11-12 only,

By Nicole Goodkind and Julia Horowitz, CNN Business If you’re reading this, it means you’ve survived the busiest week of the summer. Congratulations. The last week of July came with an overwhelming confluence of economic data, earnings reports, Federal Reserve announcements and spending deals in Congress. The impact of these past seven days will reverberate

Reuters The U.S. Federal Aviation Administration on Friday approved Boeing’s inspection and modification plan to resume deliveries of 787 Dreamliners, two people briefed on the matter told Reuters. The FAA approved Boeing’s proposal that requires specific inspections to verify the condition of the airplane meets requirements and that all work has been completed, a move

By Allison Morrow, CNN Business The US economy is on a knife’s edge, potentially already in a recession after a second quarter of shrinking activity. But indicators are mixed, fueling uncertainty about the way forward. At the core of the debate among economists and policymakers is a fundamental question with massive implications for America’s future:

By Nathaniel Meyersohn, CNN Business These days, it feels like many stores are fortresses. Most of the products on the drug store shelf are behind lock and key, even everyday items such as deodorant, toothpaste, candy, dish detergent, soap and aluminum foil. Manufacturers that supply lock cases and devices to chain stores have seen their