The Washington Post is not for sale, owner Jeff Bezos and the newspaper say
By Chloe Melas, CNN The Washington Post is not for sale, spokespeople for the newspaper and its owner Jeff Bezos told CNN on Monday. They denied a…
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Economic barometer warns that a US recession could come soon
By Alicia Wallace, CNN A key barometer for the health of the economy continues to flash a recession warning sign, indicating a downturn is in store…
Continue Reading Greatest trade ever? Citadel’s $16 billion haul smashes hedge fund records
By Anna Cooban, CNN Citadel is now the most successful hedge fund ever after it made $16 billion last year — the biggest annual windfall on record.…
Continue Reading Retailers are tripping over themselves for Millennial and Gen Z shoppers. But not this one
By Parija Kavilanz, CNN Most retailers are tripping over themselves to stay relevant by courting younger Millennial and Gen Z shoppers. Not…
Continue Reading Here are some of the companies that have laid off employees this year — so far
By Ramishah Maruf, CNN Just this week, Alphabet, Google’s parent company, Microsoft and Vox Media announced layoffs that will affect more than…
Continue Reading Shopping carts keep disappearing from stores
By Nathaniel Meyersohn, CNN Santa Fe, New Mexico, paid a local contractor $47,000 to round up about 3,000 shopping carts around the city in 2021 and…
Continue Reading Did the economy end 2022 with a bang or a whimper?
By Paul R. La Monica, CNN Recession alarm bells are sounding. But are they premature? Yes, retail sales tumbled in December as inflation took its…
Continue Reading Here’s what will happen to the economy as the debt ceiling drama deepens
By Alicia Wallace, CNN After the United States hit its debt ceiling on Thursday, the Treasury Department is now undertaking “extraordinary…
Continue Reading Your tax refund may be smaller this year. Here’s why
By Jeanne Sahadi, CNN Official tax-filing season kicks off Monday, January 23, and it may hold some surprises for your wallet. So, whether you expect…
Continue Reading ‘420 price was not a joke.’ Elon Musk testifies again in trial over controversial tweet
By Matt McFarland, CNN Business Tesla CEO Elon Musk took the witness stand for a second day on Monday and attempted to explain the thought process…
Continue Reading More layoffs are on the way, survey of business economists finds
By Matt Egan, CNN For the first time since the early days of the pandemic, most business economists expect their companies to cut payrolls in the…
Continue Reading Salesforce under siege from top activist hedge fund
By Paul R. La Monica, CNN Software giant Salesforce, one of the 30 stocks in the venerable Dow Jones Industrial Average, had a miserable 2022. Now…
Continue Reading Exclusive: Natural Light is tapping into nostalgia with its new can design
By Jordan Valinsky, CNN Natural Light’s new cans will soon look a lot like their old ones. Drinkers will soon notice a retro-inspired makeover…
Continue Reading ESG beat Wall Street in one important way last year
By Nicole Goodkind, CNN ESG funds — investments that evaluate companies using environmental, social and governance factors — just survived a…
Continue Reading Nearly 220 million people in Pakistan without power after countrywide outage
By Sophia Saifi, Azaz Syed and Rhea Mogul, CNN A nationwide power outage in Pakistan left nearly 220 million people without electricity on Monday,…
Continue Reading Here’s what will happen to the economy as the debt ceiling drama deepens
By Alicia Wallace, CNN After the United States hit its debt ceiling on Thursday, the Treasury Department is now undertaking “extraordinary…
Continue Reading This ‘Cryptoqueen’ scammed investors out of $4 billion, the FBI says. Then she boarded a plane and disappeared
By Faith Karimi, CNN Ruja Ignatova strode onto the stage in a flowing burgundy ball gown adorned with black sparkles. Beams of light flashed,…
Continue Reading This ‘Cryptoqueen’ scammed investors out of $4 billion, the FBI says. Then she boarded a plane and disappeared
By Faith Karimi, CNN Ruja Ignatova strode onto the stage in a flowing burgundy ball gown adorned with black sparkles. Beams of light flashed,…
Continue Reading Egg shortage sends New Zealanders rushing to buy their own hens
By Michelle Toh, CNN Eggs have soared in cost around the world over the past year as avian flu decimated chicken flocks and fallout from…
Continue Reading Regal Cinemas is closing 39 more movie theaters. See the list
By Jordan Valinsky, CNN Regal Cinemas is closing 39 more movie theaters across the United States. The decision comes four months after its parent…
Continue Reading Elon Musk takes the stand in class-action lawsuit over controversial tweet
By Matt McFarland and Chris Isidore, CNN Tesla CEO Elon Musk took the stand in a California court room Friday to testify in the lawsuit over his…
Continue Reading Southwest pilots, others to get bonus pay for working during meltdown
By Chris Isidore, CNN Southwest Airlines has agreed to pay its pilots an estimated $45 million in bonus “gratitude pay” for working…
Continue Reading Judge in FTX bankruptcy case rejects motion to remove elite NYC lawyers
By Allison Morrow, CNN One of America’s elite white-collar law firms has emerged as a contentious figure in the complex FTX saga. A judge ruled…
Continue Reading Uber wants its future to have three-wheeled cars, face-to-face seats
By Peter Valdes-Dapena, CNN Business Uber drivers don’t always need four wheels, front-facing passenger seats and top speeds over 50 miles an…
Continue Reading FAA says unintentionally deleted files are to blame for nationwide ground stop
By Brian Rokus, CNN A contractor working for the Federal Aviation Administration unintentionally deleted files related to a key pilot safety system,…
Continue Reading Home prices hit a record high last year
By Anna Bahney, CNN The real estate market took a downward turn in 2022, as rising interest rates rapidly slowed the frenzied sales activity seen the…
Continue Reading Union ranks had a very good 2022. It’s not for the reason you think
By Chris Isidore, CNN Unions just had one of the best years in terms of growing membership so far this century. But the high-profile organizing wins…
Continue Reading Global interest rate hikes are ‘yet to bite,’ says IMF head
By Anna Cooban, CNN The world economy is still in a sticky spot, according to the head of the International Monetary Fund, despite cautious optimism…
Continue Reading Vox Media to lay off 7% of workforce
By Oliver Darcy, CNN Business Vox Media, the publisher of news websites such as Vox and The Verge, in addition to New York magazine, will lay off 7%…
Continue Reading This Chinese billionaire has lost over 90% of his fortune
By Diksha Madhok and Laura He, CNN The past few years have not been great for the super-rich in China, particularly those who built their fortune in…
Continue Reading He became a meme at age 9. A decade later, this college football player has the last laugh: a deal with Popeyes
By Faith Karimi, CNN College freshman Dieunerst Collin’s road to internet meme fame started with a confused side-eye at a Popeyes in New…
Continue Reading What we learned at Davos: The economy is a mess, but there’s still hope
By Nicole Goodkind, CNN Friday marks the end of the annual World Economic Forum meeting in Davos, Switzerland, an elite gathering of some of the…
Continue Reading From the Emirates to Davos: South Korea’s big week in global business
By Michelle Toh, Yoonjung Seo and Jake Kwon, CNN South Korea’s leader is capping off a whirlwind week, after securing tens of billions of…
Continue Reading Boeing ordered to appear in court next week on fraud conspiracy charge
By Greg Wallace, CNN A federal judge has ordered Boeing to appear in federal court in Texas next week for an arraignment on a fraud charge involving…
Continue Reading FTX founder says there was a security incident at parents’ home
By Kara Scannell, CNN Attorneys for disgraced FTX founder Sam Bankman-Fried urged the judge in his fraud case to keep the names of two people who…
Continue Reading Netflix founder Reed Hastings stepping down as co-CEO
By Clare Duffy, CNN Netflix announced Thursday that its founder Reed Hastings is stepping down as co-CEO at the company and will serve as executive…
Continue Reading Top Fed official: Inflation is easing, but our work isn’t done
By Alicia Wallace, CNN The Federal Reserve is seeing progress in its battle to bring down US inflation and remains laser-focused on reaching the…
Continue Reading Wall Street Journal: WWE’s Vince McMahon settles with ex-employee who accused him of rape
By Jordan Valinsky, CNN World Wrestling Entertainment executive chairman Vince McMahon has agreed to another multimillion-dollar legal settlement…
Continue Reading Why Egypt is asking its people to eat chicken feet
By Nadeen Ebrahim, CNN Egypt’s economic situation is so dire that the government is asking people to eat chicken feet. The Arab world’s…
Continue Reading Bad news for the economy is now bad news on Wall Street
By Paul R. La Monica, CNN The market is bracing for a perfect storm of bad news. The latest worry? The impending debt ceiling drama in Washington.…
Continue Reading Bud Light and Budweiser are getting a makeovers at this year’s Super Bowl
By Jordan Valinsky, CNN Anheuser-Busch may no longer be the only alcohol brand to advertise at the Super Bowl, but it will still have a major…
Continue Reading How investors are preparing for a debt ceiling standoff
By Nicole Goodkind, CNN Business The US government is set to hit its self-imposed borrowing limit today and both Wall Street and Washington are…
Continue Reading Taco Bell is bringing back a fan-favorite menu item
By Jordan Valinsky, CNN Taco Bell is bringing back a fan-favorite menu item, but you have to act fast. Crispy chicken wings are back for a limited…
Continue Reading Most new car buyers are now paying less than sticker price
By Chris Isidore, CNN Americans can once again buy cars for less than sticker price. But that doesn’t mean they’re finding bargains at…
Continue Reading Jobless claims drop to 190,000 as labor market remains tight
By Alicia Wallace, CNN The number of first-time claims for unemployment insurance fell unexpectedly to 190,000 for the week ending January 14,…
Continue Reading New home construction in the US fell in December
By Anna Bahney, CNN US home building fell in December, as the housing market continued to slow. December housing starts, a measure of new home…
Continue Reading Marvel movies are returning to China after almost four years
By Michelle Toh, CNN China has reopened its doors to Disney’s Marvel Studios for the first time in almost four years, with two new film…
Continue Reading Mortgage rates fall to levels last seen in September
By Anna Bahney, CNN Mortgage rates fell this week as economic data showed inflation is fading. The 30-year fixed-rate mortgage averaged 6.15% in the…
Continue Reading Resale value of Gucci, Chanel, Louis Vuitton handbags is falling
By Parija Kavilanz, CNN Consumers, spooked by accelerating job cuts, looming recession fears and continuing high prices for goods and services in…
Continue Reading Most new car buyers are now paying less than sticker price
By Chris Isidore, CNN Americans can once again buy cars for less than sticker price. But that doesn’t mean they’re finding bargains at…
Continue Reading India flexes its muscle at Davos as China’s star fades
By Julia Horowitz, CNN The promenade at the World Economic Forum, dusted in a blanket of fresh snow, is cluttered with signs and pavilions from…
Continue Reading Striking French workers lead 1 million people in protest over plans to raise retirement age
By Joseph Ataman, Marguerite Lacroix and Hanna Ziady, CNN Strikes disrupted train services, flights, schools and businesses in France on Thursday as…
Continue Reading Billionaires once united in visionary project now feuding over claims of ‘inexperienced management’
By Hilary Whiteman, CNN A dispute between two billionaires once united in a visionary project to send power from Australia to Singapore through the…
Continue Reading Human error more likely in JFK near collision after alert system failure ruled out
By Pete Muntean, CNN A source familiar with the near-collision of two airliners on a John F. Kennedy International Airport runway tells CNN that…
Continue Reading Retail sales continued to fall in December as shoppers battled inflation
By Alicia Wallace, CNN It was a ho-hum end to 2022 for spending in America. US retail sales continued their fall in December, dropping by 1.1% as…
Continue Reading Home builder confidence rises for the first time in a year
By Anna Bahney, CNN A modest drop in mortgage rates over the past month has helped home builder confidence improve in January, after 12 consecutive…
Continue Reading Wholesale prices show inflation continued to fall in December
By Chris Isidore, CNN Wholesale price growth cooled off significantly in December, the Bureau of Labor Statistics reported Wednesday, indicating that…
Continue Reading Feds arrest Russian crypto operator on suspicion of criminal activities
By Sean Lyngaas, CNN US authorities arrested a Russian cryptocurrency executive who allegedly oversaw the exchange of hundreds of millions of dollars…
Continue Reading Shopping carts keep disappearing from stores
By Nathaniel Meyersohn, CNN Santa Fe, New Mexico, paid a local contractor $47,000 to round up about 3,000 shopping carts around the city in 2021 and…
Continue Reading Stores say shoplifting is a national crisis. The numbers don’t back it up
By Nathaniel Meyersohn, CNN The masked thief rode into a Walgreens in San Francico on a bicycle, pedaled to an aisle in the health and wellness…
Continue Reading The Federal Reserve is testing how climate change could hurt big banks
By Nicole Goodkind, CNN The largest six banks in the United States have been given until July to show the Federal Reserve what effects disastrous…
Continue Reading America’s largest party supply store files for bankruptcy
By Nathaniel Meyersohn, CNN Party City filed for bankruptcy protection Tuesday, weighed down by competition and years of financial losses. The…
Continue Reading Wall Street’s biggest WFH advocate is bringing underperforming staff back into the office
By Allison Morrow, CNN When Jane Fraser became CEO of Citigroup nearly two years ago, in the middle of the pandemic, she established the kind of…
Continue Reading Southwest pilots union cites Christmas meltdown in call for a strike vote
By Greg Wallace The union representing Southwest Airlines pilots is taking early steps toward a possible strike, citing the airline’s Christmas…
Continue Reading Global oil demand could hit record high as China reopens
By Anna Cooban, CNN Global oil demand is expected to hit its highest-ever level this year on the back of China’s swift reopening of its…
Continue Reading ‘Inconsistent with human survival’: UN chief slams fossil fuel industry expansion in Davos speech
By Ivana Kottasová, CNN The UN Secretary General has accused fossil fuel producers and their financial backers of “racing to expand…
Continue Reading Macao gambling promoter Alvin Chau sentenced to 18 years – public broadcaster
Philip Wang Alvin Chau, one of Macao’s high-profile gambling promoters, has been sentenced to 18 years in prison for racketeering and illegal…
Continue Reading South Africa’s energy crisis deepens as blackouts hit 12 hours a day
By Hanna Ziady, CNN South Africa’s President Cyril Ramaphosa was forced this week to cancel a trip to Davos by an escalating energy crisis that…
Continue Reading Women living in states with abortion bans suffer greater economic insecurity
By Vanessa Yurkevich, CNN Women living in states that restrict or ban abortion face greater economic insecurity than those living in states where…
Continue Reading Women living in states with abortion bans suffer greater economic insecurity
By Vanessa Yurkevich, CNN Women living in states that restrict or ban abortion face greater economic insecurity than those living in states where…
Continue Reading Yen falls after Bank of Japan maintains ultra-easy policy
By Laura He, CNN The yen plunged on Wednesday after the Bank of Japan decided to maintain its ultra-easy monetary policy, defying market expectations…
Continue Reading What we learned at Davos: The economy is a mess, but there’s still hope
By Nicole Goodkind, CNN Friday marks the end of the annual World Economic Forum meeting in Davos, Switzerland, an elite gathering of some of the…
Continue Reading Regulators conducting interviews in JFK airport near-crash probe
By Pete Muntean and Gregory Wallace, CNN Investigators are probing the narrowly avoided catastrophic collision between two airliners at New…
Continue Reading Tesla-induced pileup involved driver-assist tech, government data reveals
By Matt McFarland, CNN Business The Tesla Model S that braked sharply and triggered an eight-car crash in San Francisco in November had the…
Continue Reading Tesla reports record earnings but tighter profit margins
By Chris Isidore, CNN Tesla reported record profits for the fourth quarter and the full year, but its profit margins were tighter due to higher…
Continue Reading Ousted Disney CEO Bob Chapek will get $20 million exit pay
By Jordan Valinsky, CNN Ousted Disney chief executive Bob Chapek is set to receive a hefty paycheck following his exit. The Walt Disney Company said…
Continue Reading Elon Musk is being sued over his ‘funding secured’ tweet. Here’s what you need to know
By Chris Isidore, CNN A four-year old tweet from Elon Musk has the Tesla CEO back in court starting Tuesday. Musk, Tesla and other Tesla directors…
Continue Reading No recession after all? Business leaders are more hopeful as China reopens
By Julia Horowitz, CNN Bullishness about the global economy has been in short supply among business leaders in recent months, with fears of recession…
Continue Reading Americans are already starting to pull back on their spending, survey shows
By Alicia Wallace, CNN Americans have already started to rein in their spending — and expect to pull back some more this year, according to a…
Continue Reading India is set to become the world’s most populous country. Can it create enough jobs?
By Diksha Madhok, CNN India will overtake China this year to become the world’s most populous country. The likelihood of India passing that…
Continue Reading A lot of people hide their cancer diagnosis from their bosses. These companies aim to change that
By Jeanne Sahadi, CNN After having surgery to remove a small cancerous tumor from his neck last year, Publicis Groupe CEO Arthur Sadoun decided to…
Continue Reading The world has a major debt problem. Is a reset coming?
By Nicole Goodkind, CNN Business The world is in debt. A record amount of debt. Three hundred trillion dollars, to be exact. That’s the total…
Continue Reading The Chevrolet Corvette E-Ray is the first-ever hybrid Corvette
By Peter Valdes-Dapena, CNN Exactly 70 years after the very first Chevrolet Corvette was unveiled in January, 1953, General Motors revealed the first…
Continue Reading Goldman Sachs and Morgan Stanley both hit hard by deal drought
By Paul R. La Monica, CNN Let’s not make a deal? Investment banking powerhouses Goldman Sachs and Morgan Stanley both reported substantial…
Continue Reading Europe’s ban on Russian diesel could send pump prices even higher
By Anna Cooban, CNN Europe is scrambling to buy diesel fuel from Russia before a ban on imports comes into force in early February, but the frantic…
Continue Reading The Chevrolet Corvette E-Ray is the first-ever hybrid Corvette
By Peter Valdes-Dapena, CNN Exactly 70 years after the very first Chevrolet Corvette was unveiled in January, 1953, General Motors revealed the first…
Continue Reading The rich should pay higher fares to clean up aviation, says Heathrow boss
By Hanna Ziady, CNN Rich travelers will have to pay more to fly if the aviation industry is to transition to greener fuels, the boss of one of the…
Continue Reading The world has a major debt problem. Is a reset coming?
By Nicole Goodkind, CNN Business The world is in debt. A record amount of debt. Three hundred trillion dollars, to be exact. That’s the total…
Continue Reading China records first population decline in 60 years
By Simone McCarthy, CNN China’s population shrank in 2022 for the first time in more than 60 years, a new milestone in the country’s…
Continue Reading China posts one of its worst economic performances in decades because of Covid
By Laura He, CNN China’s economy expanded by just 3% in 2022, far below the government’s own target, marking one of the worst…
Continue Reading Netflix plans its biggest-ever slate of Korean content
By Michelle Toh, CNN Netflix is planning its largest-ever lineup of South Korean content, with 34 new and returning titles set to roll out this year.…
Continue Reading Why some cars from the 1990s are soaring in value
By Peter Valdes-Dapena, CNN Business Not that long ago, cars from the 1990s were just used cars. And, really, most of them still are, if…
Continue Reading Are you a restaurant worker who recently came back to the industry? Tell us about it
By Alicia Wallace, CNN At the onset of the pandemic, the restaurant business was one of the hardest hit in the United States. More than 5 million…
Continue Reading The top 1% captured nearly twice as much new wealth as the rest of the world over last two years
By Tami Luhby, CNN The world’s wealthiest residents have been getting far richer, far faster than everyone else over the past two years. The…
Continue Reading The steep plunge in used car prices — what it means, and what’s ahead
By Chris Isidore, CNN Business Tracking used car prices is enough to give anyone whiplash. Since the start of the pandemic and the resulting…
Continue Reading Bitcoin rallies 25% as crypto markets rebound
By Allison Morrow, CNN The bitcoin bulls are back. After getting pummeled by losses for the better part of last year, bitcoin and other…
Continue Reading Shane Co. will pay you $1,500 to go on 15 first dates
By Emmy Abbassi, CNN Tired of going on awkward first dates? Maybe some cash will incentivize you. Shane Co. is offering to pay one reluctant romantic…
Continue Reading Gen Z has a new ‘vintage’ technology to obsess over
By Ramishah Maruf, CNN First, it was disposable cameras. Then it was low-rise jeans. Now, Gen-Z’s latest “vintage” obsession is the…
Continue Reading Forget inflation, it’s all about earnings
By Nicole Goodkind, CNN To everything there is a season and now is the time for earnings. Over the past few weeks investors have been squarely…
Continue Reading Americans are spending an extra $371 a month because of inflation
By Matt Egan From rent and groceries to utilities, families are paying a lot more every month as they try to keep up with inflation. And while…
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