The new Toyota Prius has a huge power boost and even better fuel efficiency
By Peter Valdes-Dapena, CNN Business Toyota unveiled an all-new version of its famous Prius hybrid car Wednesday just ahead of the Los Angeles Auto…
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Retail sales surged by 1.3% in October as consumers continue to spend despite inflation
By Alicia Wallace, CNN Business American shoppers spent more in October, showing continued resilience amid persistently high inflation and an early…
Continue ReadingA recession could hit white-collar workers the hardest. Here’s why
By Alison Kosik, CNN Business White collar workers would be hit harder than blue collar workers if the United States enters a recession soon,…
Continue ReadingFTX’s Bahamas unit files for bankruptcy in New York
By Chris Isidore, CNN Business FTX Digital Markets, the Bahamas-based unit of the recently collapsed cryptocurrency trading platform, has filed for…
Continue ReadingIt’s looking grim for Wall Street bonuses this year
By Nicole Goodkind, CNN Business Ferragamo belt-buckles are being tightened across Wall Street as bankers prepare for a gloomy bonus season. Year-end…
Continue ReadingTarget warns of a weak holiday season. Shares are tumbling
By Jordan Valinsky, CNN Business Target’s profit plunged 52% in the third quarter and the retailer warned of a sluggish holiday. Target blamed…
Continue ReadingBritain is bringing back austerity. Here’s why
By Julia Horowitz, CNN Business The last time a British finance minister revealed tax and spending plans, markets went haywire and the…
Continue ReadingThanksgiving dinner will cost 20% more this year because of inflation
By Vanessa Yurkevich, CNN Business Thanksgiving dinner will cost a whopping 20% more than it did last year, according to a new survey released…
Continue ReadingUK inflation jumps to 41-year high of 11.1%
By Hanna Ziady, CNN Business Soaring energy costs drove UK inflation to a fresh high in October, the latest piece of bad news for an economy sliding…
Continue ReadingTom Ford is a newly minted billionaire, thanks to the $2.8B Estée Lauder deal
By Michelle Toh, CNN Business A blockbuster deal to sell his eponymous fashion brand has catapulted fashion designer Tom Ford into the global…
Continue ReadingTwitter chaos spills into public view as Musk clashes with and fires employees on the platform
By Clare Duffy, Oliver Darcy and Donie O’Sullivan, CNN Business Elon Musk has publicly clashed with a growing number of Twitter employees about…
Continue ReadingTwitter chaos spills into public view as Musk clashes with and fires employees on the platform
By Clare Duffy, Oliver Darcy and Donie O’Sullivan, CNN Business Elon Musk has publicly clashed with a growing number of Twitter employees about…
Continue ReadingFood safety company accused of using children for hazardous overnight jobs
By Chris Isidore, CNN Business The Labor Department has filed a federal lawsuit charging a leading US food sanitation company with using dozens of…
Continue ReadingTesla’s board chair says Musk needed money for space travel
By Matt McFarland, CNN Business Elon Musk said that he needed to receive what amounted to the largest compensation package in history so that he…
Continue ReadingSome retail store credit cards now carry APRs of more than 30%
By Alicia Wallace, CNN Business There has long been a threshold that few issuers of store-branded credit cards have been willing to surpass: the 30%…
Continue ReadingCoors Light’s new nail polish changes color if your beer is cold enough to drink
By Parija Kavilanz, CNN Business Fact: No one likes warm beer. With the holiday party season already in full swing, Coors Light has invented a new…
Continue ReadingBuyer Beware. Even if your favorite movie star is selling
By Christine Romans, CNN Business The best advice for investors has always been: Buyer beware. It’s especially important in the unregulated…
Continue ReadingRestaurant sales are going up. But dining out is on the decline
By Danielle Wiener-Bronner, CNN Business Chain restaurants have been reporting growing sales in the third quarter. But more sales don’t mean…
Continue ReadingLook out, Costco. Sam’s Club drops its hot dog combo to $1.38
By Nathaniel Meyersohn, CNN Business There’s a retail price war on hot dog and soda combos. Sam’s Club has lowered the price of its hot…
Continue ReadingProtocol, the tech-news focused website, will shutter and lay off its entire staff
By Oliver Darcy, CNN Protocol, the upstart technology news website launched by former Politico owner and publisher Robert Allbritton in early 2020,…
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