Money

By Laura He, CNN Business Shares in Alibaba slumped again on Monday after the Financial Times reported that Beijing is planning to break up Alipay, the hugely popular payment app owned by its financial affiliate, Ant Group. But that wasn’t the only piece of news that led to the stock’s decline. Investors are also concerned

By Laura He, CNN Business A typhoon that swept its way through East Asia is now forcing two of the world’s busiest ports in China to suspend some operations. The Shanghai International Port Group said in a statement that several terminals at the Shanghai Port — the world’s busiest port by cargo volume — either

By Manveena Suri, Vedika Sud and Rhea Mogul, CNN An Indian woman allegedly assaulted and raped in Mumbai on Friday has died of her injuries, in a case activists say bears a striking similarity to the brutal 2012 gang-rape and murder of a student that prompted millions of women to push for tougher sexual assault

By Matt Egan, CNN Business The trade group that represents consumer brands including Coca-Cola, Kellogg and Campbell Soup fired off a letter to President Joe Biden on Monday with a laundry list of questions about his new vaccine mandate. In the letter, Consumer Brands Association CEO Geoff Freeman called for “immediate clarity” on the administration’s

By Ramishah Maruf, CNN Business Right-wing media pundits are pushing a new misinformation campaign — this time about election fraud in the upcoming California gubernatorial recall, echoing debunked claims from the 2020 presidential election. An emerging narrative pushed by major Fox News personalities and others claims California Governor Gavin Newsom will only win the recall

By Ramishah Maruf, CNN Business Disney announced the remainder of its 2021 films will be released exclusively in theaters before streaming on Disney+. The decision by Disney on Friday shows that the company is optimistic about movie theater audiences returning, despite Covid-19 spikes caused by the Delta variant. “As confidence in moviegoing continues to improve,

By Chris Isidore, CNN Business Some 80 million private sector employees will be required to get a Covid vaccine or weekly Covid test under the federal rules announced by President Joe Biden last week. But don’t assume that the workers you come in contact with every day will be covered by the mandate, which only

By Anneken Tappe, CNN Business The American consumer is dealing with a lot of problems: higher prices, shortages and the Delta variant. America’s economy can’t fully recover without help from its consumers, who are the backbone of the nation’s economic strength. But rising inflation, goods shortages, supply chain issues and rising coronavirus cases have left

By Ramishah Maruf, CNN Business Salesforce announced that it will assist its employees and their families if they want to leave Texas after the state passed the nation’s most restrictive abortion law. In a Slack message obtained by CNBC, the cloud computing company told its 56,000 employees that they “stand with all of our women

By Danielle Wiener-Bronner, CNN Business DoorDash, Grubhub, and Uber Eats are suing New York City over its decision to make pandemic-era caps on the fees they charge restaurants permanent. The companies argue that the restrictions amount to government overreach and ultimately hurt consumers. New York City last year started restricting what third-party platforms can charge

By Kerry Flynn, CNN Business Watch CNN’s “Shine A Light,” a commercial-free 9/11 20th anniversary tribute, hosted by Jake Tapper and featuring musical performances by Maroon 5, H.E.R., Brad Paisley, and Common on Saturday, September 11 at 8 p.m. ET. The terror attacks of September 11, 2001 were centered around the East Coast, but its

By Chris Isidore, CNN Business United Airlines told employees that they will be placed on indefinite unpaid leave if they refuse to get a Covid vaccine for religious reasons. The company’s vaccine mandate is much tougher than those imposed by many other companies, or the ones announced by President Joe Biden Thursday. The federal mandate,

By Allison Morrow, CNN Business Federal regulators slapped Wells Fargo with yet another fine for failing to move fast enough to compensate customers who were victims of the bank’s “unsafe or unsound” practices. The Office of the Comptroller of the Currency, the banking regulator within the Treasury Department, told the scandal-plagued bank it must pay