Bill Ackman will repay investors $4 billion after his SPAC fails
By Nicole Goodkind, CNN Business Billionaire activist investor Bill Ackman will close his special purpose acquisition company and return $4 billion…
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Dave Chappelle’s controversial Netflix special nabs Emmy nominations
By Frank Pallotta, CNN Business Dave Chappelle‘s Netflix comedy special, “The Closer,” received huge backlash last year for the…
Continue Reading The Jeep Wrangler plug-in hybrid just outsold all of Toyota’s plug-ins combined
by Peter Valdes-Dapena, CNN Business It might surprise you to learn that the best-selling plug-in hybrid vehicle in America is, of all things, a Jeep…
Continue Reading Elon Musk’s politics trigger strong reactions from Tesla customers
By Matt McFarland, CNN Business Jason Simon placed an order for a Tesla Model 3 this April, eager to own an electric vehicle. He heard from Tesla in…
Continue Reading The euro and the US dollar are at parity for the first time in 20 years
CNN, CNN BUSINESS By Nicole Goodkind, CNN Business For the first time in 20 years, the exchange rate between the euro and the US dollar has reached…
Continue Reading Boeing delivers a 737 Max to one of the airlines that suffered a fatal crash of the plane
By Chris Isidore, CNN Business Ethiopian Airlines took delivery of a 737 Max from Boeing in June, the aircraft maker disclosed Tuesday. It’s…
Continue Reading How a Chinese metal tycoon imploded the nickel market — and walked away with billions
By Nicole Goodkind, CNN Business Most investors don’t lose an $11 billion bet and walk away unscathed, but a Chinese metal tycoon known as…
Continue Reading Delta earnings fall far short of expectations because of high fuel costs and service problems
CNN By Chris Isidore, CNN Business A bad quarter for Delta Air Lines passengers turned into a bad quarter for Delta investors, as the costs of…
Continue Reading Matthew Berry, ESPN’s fantasy guru, is leaving the network
By Frank Pallotta, CNN Business Matthew Berry, ESPN’s longtime fantasy sports guru, is leaving the network, Berry and ESPN announced Monday.…
Continue Reading Why King Dollar’s huge rally isn’t reason to cheer
By Julia Horowitz, CNN Business The US dollar is rising at a blistering clip, reaching its strongest level against other major currencies in almost…
Continue Reading Heathrow asks airlines to stop selling summer tickets as it limits daily passengers to 100,000
By Livvy Doherty, CNN Business Heathrow Airport is asking airlines to stop selling any more tickets for travel this summer, as it announces a cap on…
Continue Reading Peloton will stop making its own bikes
By Jordan Valinsky, CNN Business Peloton will stop making its own bikes and treadmills, a drastic change for the struggling company aimed at cutting…
Continue Reading China tries to stem growing anger over frozen bank deposits
By Laura He, CNN Business Chinese authorities will start refunding bank customers whose accounts have been frozen for months, following some of the…
Continue Reading The euro and the US dollar are at parity for the first time in 20 years
By Nicole Goodkind, CNN Business For the first time in 20 years, the exchange rate between the euro and the US dollar has reached parity —…
Continue Reading First on CNN: BTS is coming to Disney in a major streaming deal
By Michelle Toh, CNN Business Disney is bringing BTS to its streaming services, adding the world’s biggest band to its roster of digital stars.…
Continue Reading Consumers’ inflation expectations hit record high
By Lucy Bayly, CNN Business Consumer expectations for prices to continue rising over the next year increased to the highest level on record,…
Continue Reading A crucial Russian gas pipeline has been shut for repairs. Will it ever reopen?
By Julia Horowitz, CNN Business Since the West hit Russia with bruising sanctions following its invasion of Ukraine, a frightening question has…
Continue Reading Opinion: The US can still avoid a recession. Here’s how
Opinion by Joseph H. Davis for CNN Business Perspectives The United States economy is in jeopardy. Higher prices for essentials like food and energy…
Continue Reading Opinion: The US can still avoid a recession. Here’s how
CNN, CNN BUSINESS Opinion by Joseph H. Davis for CNN Business Perspectives The United States economy is in jeopardy. Higher prices for essentials…
Continue Reading The euro and the dollar are under half a penny away from parity for the first time in 20 years
By Nicole Goodkind, CNN Business For the first time in 20 years, the exchange rate between the euro and the US dollar is nearly the same — the…
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