Money

By Reuters Rising consumption in China, India and the United States could bring global coal-fired power demand to a new all-time high this year, undermining efforts to cut greenhouse gas emissions, the International Energy Agency (IEA) said on Friday. The IEA said global power generation from coal was expected to reach 10,350 terawatt-hours in 2021,

Story by Reuters The US Senate passed legislation on Thursday to ban imports from China’s Xinjiang region over concerns about forced labor, part of Washington’s continued pushback against Beijing’s treatment of the country’s Uyghur Muslim minority. The Senate passed the Uyghur Forced Labor Prevention Act by unanimous consent, sending it to the White House, where

By Matt McFarland, CNN Business Rivian, the electric vehicle maker, plans to begin construction on a second manufacturing plant in 2022 even as it is falling short of its production goals at its existing plant. Rivian announced Thursday that the new $5 billion facility east of Atlanta, Georgia, will be capable of producing up to

By Matt Egan, CNN Business New car prices are skyrocketing at the fastest pace on record. And Senator Elizabeth Warren says a lack of competition in the semiconductor industry is at least partially to blame. The world is in the midst of an epic computer chip shortage, one largely driven by Covid outbreaks and skyrocketing

By Paul R. La Monica, CNN Business Regulators in Washington may crack down on the industry behind “buy now, pay later,” the increasingly popular method for consumers to purchase things online. The Consumer Financial Protection Bureau said Thursday that it is looking to “collect information on the risks and benefits of these fast-growing loans” from

By Peter Valdes-Dapena, CNN Business In early May of 2020, Jim Farley bought $1 million worth of Ford stock, 195,000 shares at a little over $5 a share. It was a surprising move for an executive who normally gets plenty of stock and stock options as part of his compensation to be buying some of

By Jeanne Sahadi, CNN Business A common New Year’s resolution is to be better with money. But you will miss some opportunities if you wait until January 1 to get started. With just a couple of weeks left to go in 2021, there are some deadline-driven financial moves you might want to make before the

Opinion by Vincent Clerc for CNN Business Perspectives Almost everything you buy has traveled along some of the millions of miles of networks that make up the world’s supply chains. Most of the time, the logistics involved in making this possible are invisible and kept behind the scenes. But these days, supply chains are front

By Paul R. La Monica, CNN Business Is the housing market finally losing steam? Home improvement retail giant Lowe’s issued a disappointing sales outlook Wednesday morning. Meanwhile, home builder Lennar reported results Wednesday afternoon that missed forecasts. The company cited supply chain issues and higher lumber costs. Lennar shares fell 4% Thursday. But before you