Disney's "Fairy Godmothers in Training" who dress up children as princesses and knights in boutiques at its US theme parks are now called "Fairy Godmother's Apprentices" as part of its efforts to be more inclusive, a Disney spokesperson told…
Cadillac is going back into a market segment it hasn't occupied in decades: the world of true ultra-luxury cars with huge six-figure price tags. General Motors unveiled the Cadillac Celestiq on Friday, and the company wants it to beat the…
Volkswagen's CEO is leaving his post in a surprise move, effective September 1.The company announced Friday that CEO Herbert Diess will be replaced by Oliver Blume, the head of Volkswagen's Porsche performance car division.Volkswagen, the world's second largest automaker, did…
FedEx's Ground service will stop making Sunday deliveries to about 15% of the US homes it's currently serving, largely in rural areas. The change will take place Sunday, August 21, FedEx announced Friday. During the pandemic the company had…
Jordan Peele is hoping to go three-for-three at the box office.The director's third movie, "Nope," opens this weekend, and despite a plot shrouded in mystery it's one of the most anticipated films of the year. The Universal Pictures film, which…
Is America's economy already in a recession? That's a debate among central bankers, investors and economists, not to mention politicians. But one thing is clear: Some consumers, especially less affluent ones, are starting to have trouble paying their bills…
Over the past year, both rents and home prices have risen faster than inflation, and the surge in housing prices has outpaced wage growth. But renters — who were already more financially vulnerable than homeowners before the pandemic — are…
The recovery wasn't supposed to go like this. Wall Street and Main Street alike are suffering from whiplash when it comes to the current state of the US economy.In their roles as consumers, investors and members of the workforce, ordinary…
An average 347 million people use Snapchat every day. That's a fraction of the nearly 2 billion daily active users on Facebook, its biggest competitor.But parent company Snap's warning on the economy — coupled with its dismal results — is…
The German government has stepped in to bail out one of its biggest energy companies — the latest casualty of Europe's natural gas crisis.Gas distributor Uniper will receive up to €15 billion ($15.3 billion) from the government after months of…
Susie Ingram has been a coupon-clipper all her life."It has saved me a lot of money over the years," said the 62-year-old resident of DeBary, Florida. She clips coupons and redeems them at her local Winn-Dixie supermarket to save on…
China's banking regulator has pledged to boost lending to help developers finish stalled property projects and boost buyers' demand, as a growing mortgage boycott by homebuyers exacerbates the country's real estate woes.The China Banking and Insurance Regulatory Commission (CBIRC) reiterated…
Mattel, Inc. announced Wednesday that it has entered into a multi-year, worldwide agreement with SpaceX to create a line of rocket- and astronaut-themed toys "to cater to the inner explorer in every child."Not only is this targeted at younger age…
Between 2020 and 2022, stocks shot toward the moon. This year, they've been jettisoned back to Earth.The S&P 500 is down about 18% year-to-date, inflation rates are at 40-year highs, geopolitical chaos abounds and a recession is looming. The easy-money…
Domino's is still struggling with delivery."The delivery business continued to be more pressured," in the second quarter due to staffing problems, said CFO Sandeep Reddy during an analyst call Thursday. Delivery sales at stores open at least a year fell…
Bitcoin prices were cooling off Thursday following a big spike in the past week. And it appears Elon Musk might be partly to blame.The price of one bitcoin fell 3% Thursday to about $23,000 after Tesla disclosed in its latest…
Mortgage rates ticked higher for the second week in a row as more economic indicators flashed warning signs of an impending recession.The 30-year fixed-rate mortgage averaged 5.54% in the week ending July 21, up from 5.51% the week before, according…
American and United airlines both reported their first operating profit since the start of the pandemic, as strong demand for air travel and high fares allowed the carriers to overcome rising fuel prices.But the good news for airline investors was…
In a bold attempt to get inflation under control, the European Central Bank on Thursday announced it would hike its key interest rate by a half percentage point.That marks the first time since 2011 that the ECB has raised rates,…
China's cyberspace regulator fined Didi Global just over 8 billion yuan ($1.2 billion) on Thursday for violating cybersecurity and data laws, putting an end to a yearlong investigation into the ride-hailing giant.The Cyberspace Administration of China (CAC) said in a…
There really was no place for 401(k) investors to hide in the first half of this year. Even though their portfolios took a hit, they didn't run for the hills.The Nasdaq was down 30%, while the S&P 500 and Russell…
Europe's economy, which accounts for almost a fifth of the world's output, is facing its toughest test since the pandemic erupted more than two years ago. A cocktail of risks threatens to throw growth into reverse at a moment of…
Editor's Note: This story is part of CNN Business' Nightcap newsletter. To get it in your inbox, sign up for free, here.Good news and bad news, America:The US dollar and the euro are officially even, which should make your European…
One of the world's richest men is launching Pret A Manger in India, adding the British coffee and sandwich store brand to a huge business empire that spans energy, retail and telecommunications.A unit of Mukesh Ambani's conglomerate Reliance Industries said…
