Money

By Nathaniel Meyersohn, CNN Business Morgan Moore’s grocery bills are sky-high. So she has started to stay away from name brands and buy more of Walmart’s Great Value private-label brand. The freelance graphic designer in Gilmer, Texas, wanted to buy bacon on a recent trip, but “just walked away” because it was too expensive. Bacon

By Matt Egan, CNN Business Former President Donald Trump’s new media venture has no known revenue or product. Trump Media & Technology Group (TMTG) posted an investor presentation last week that appears to contain errors and seems to have been partially copied and pasted from the internet. Bizarrely, one slide defines a user as a

By Anneken Tappe, CNN Business A key inflation gauge showed that US prices continued to climb in November as pandemic-era supply chain chaos and a labor shortage continues. The producer price index — which tracks the average changes in selling prices that domestic producers receive over time — rose 9.6% over the 12 months ended

By Julia Horowitz, CNN Business The Omicron variant of the coronavirus is spreading fast. But even as scientists urge patience while they assess the severity of the strain and its impact on the efficacy of vaccines, the travel industry is feeling the pain. “We’ve seen a little bit of a waver in the bookings,” Nick

By Matt Egan, CNN Business The Omicron coronavirus variant will cause a “winter wave” that will complicate the return of workers to offices in the United States, according to Andy Slavitt, a former senior pandemic adviser to President Joe Biden. “The beginning of 2022 will be rough,” Slavitt told CNN in a phone interview. Scientists

By Michelle Toh, CNN Business Toyota is pumping more than $35 billion into electric vehicles as it tries to catch up with other global automakers in the race to cleaner cars. The world’s biggest carmaker announced Tuesday that it would invest 4 trillion yen ($35.2 billion) in developing battery-powered electric vehicles between 2022 and 2030

By Charles Riley, CNN Business Germany is teetering on the brink of recession this winter as supply bottlenecks and a wave of new coronavirus cases hobble the economy. Europe’s largest economy will shrink 0.5% in the fourth quarter of this year, compared with the third, and stagnate in the first three months of 2022, according

By Swati Gupta and Jessie Yeung, CNN High school students in India will be given full marks for a national exam question criticized as “blatantly misogynist” by the country’s opposition party. Parents and social media users also lashed out at India’s Central Board of Secondary Education (CBSE), which later apologized for the question and said

By Laura He, CNN Business China’s largest telecom company has received the green light to raise billions of dollars for its 5G ambitions by listing shares in Shanghai, months after it was kicked out of New York. China Mobile said late Monday in a filing with the Hong Kong Stock Exchange, where it also trades,

By Ramishah Maruf, CNN Business MGM Resorts International announced Monday that it’s selling the operations of The Mirage Hotel & Casino to Hard Rock International for $1.075 billion. The sale should provide $815 million in net cash proceeds, MGM said. The transaction is expected to close in the second half of 2022. “This announcement marks

By Kerry Flynn, CNN Business Vox Media, owner of Vox, The Verge, New York magazine and other digital media sites, is acquiring Group Nine Media. The company said Monday evening that it had signed an agreement to acquire Group Nine in a deal that is set to close in early 2022. The company indicated Jim

By Liz Stark and Nathaniel Meyersohn, CNN Business The Occupational Safety and Health Administration has opened an investigation into the collapse of an Amazon warehouse in Illinois, after an EF-3 tornado caused major structural damage to the building Friday, a spokesman confirmed to CNN. At least six Amazon workers died at the warehouse building collapse.