Australia will see more extreme weather events, putting strain on economy, report shows
By Michelle Toh, CNN Business Australia will continue to see a spike in extreme rainfall and heat, as well as more dangerous fire events, its…
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Everyone from the vet to the barber is hiking prices. And there’s no relief in sight
By Alicia Wallace, CNN Business When Teri Byrd opened her 4 Paws Veterinary Clinic in Vashon, Washington, four years ago, her sights were set on…
Continue Reading Starbucks closes location that was the first to unionize in Seattle
By Danielle Wiener-Bronner, CNN Business Starbucks is closing the store in Seattle where employees were the first to vote to form a union in the…
Continue Reading ‘Christmas is not canceled’ despite growing risk of rail strike
By Matt Egan Leading retailers are sounding the alarm about the danger of a national rail strike while simultaneously stressing that a potential work…
Continue Reading Jeff Bezos announces 40 grants totaling $123 million to combat homelessness
By Chloe Melas, CNN Jeff Bezos is continuing to make good on his pledge to give away the majority his wealth, to the tune of $123 million today. The…
Continue Reading Inflation remains painfully high. How will it impact your holiday shopping plans this year?
By Alicia Wallace, CNN Business Inflation has weighed on Americans for much of this year. The Federal Reserve has taken action to bring down high…
Continue Reading Is the dollar’s relentless rise coming to an end?
By Julia Horowitz, CNN Business The story of financial markets and the global economy this year has been written in part by the dramatic rise of the…
Continue Reading If the world avoids a recession, it’ll have India and China to thank
By Hanna Ziady, CNN Business Global growth will slow further in the coming year but the world will likely avoid a recession thanks to Asia’s…
Continue Reading We now know what Budweiser will do with the beer it can’t sell at the World Cup
By Jordan Valinsky, CNN Business Qatar’s last-minute decision to ban alcohol at World Cup stadiums has left Budweiser with loads of beer left…
Continue Reading Qatar is a minefield for World Cup advertisers. One team has already lost a sponsor
By Julia Horowitz, CNN Business Billions of people watch FIFA’s World Cup every four years, a tantalizing opportunity for advertisers who want…
Continue Reading FTX lawyer says ‘substantial amount’ of assets are either stolen or missing
By Allison Morrow, CNN Business The full extent of FTX’s financial disarray is becoming clearer as the failed crypto exchange’s new…
Continue Reading With a strike looming, railroad unions and management head back to negotiating table
By Chris Isidore and Vanessa Yurkevich, CNN With a crippling freight rail strike looming in two weeks, leaders of four railroad unions and management…
Continue Reading Here’s how much Disney is going to pay Bob Iger
By Frank Pallotta, CNN Business Bob Iger, who shocked the media world when he returned as CEO of Disney on Sunday, will once again be among the…
Continue Reading We now know what Budweiser will do with the beer it can’t sell at the World Cup
By Jordan Valinsky, CNN Business Qatar’s last-minute decision to ban alcohol at World Cup stadiums has left Budweiser with loads of beer left…
Continue Reading Rivian’s CEO created buzzy, outdoorsy EVs. Now big automakers are coming after it
By Peter Valdes-Dapena, CNN Business Rivian CEO Robert Joseph Scaringe, better known as RJ, is living his lifelong dream. Getting here though has…
Continue Reading Rivian’s CEO created buzzy, outdoorsy EVs. Now big automakers are coming after it
By Peter Valdes-Dapena, CNN Business Rivian CEO Robert Joseph Scaringe, better known as RJ, is living his lifelong dream. Getting here though has…
Continue Reading Singapore defends its treatment of Binance after FTX ‘debacle’
By Michelle Toh, CNN Business Singapore’s central bank has responded to criticism of its treatment of two of the world’s largest crypto…
Continue Reading Bob Iger moves fast to dismantle Chapek’s reorganization of Disney
By Oliver Darcy, CNN Business One day after the shock announcement of Bob Iger’s return to Disney, and the resulting ouster of his…
Continue Reading Penguin Random House’s $2.2 billon deal for Simon & Schuster is over
By Ramishah Maruf, CNN Business Paramount has ended its agreement to sell Simon & Schuster to Penguin Random House and will not appeal the…
Continue Reading Carrier CEO: It’s getting easier to recruit, but the war for talent is not over
By Matt Egan, CNN Business Carrier CEO David Gitlin has noticed a shift in the jobs market in recent months as the Federal Reserve slams the brakes…
Continue Reading Bob Chapek’s tenure marked by political missteps inside and outside of Disney
By Ramishah Maruf, CNN Bob Chapek was initially silent on Florida’s controversial bill barring discussions of gender identity in school…
Continue Reading Can Bob Iger fix Disney?
By Frank Pallotta, CNN Business Bob Iger is returning to Disney as CEO, retaking the reins of a company that’s very different from the one he…
Continue Reading Recession fears receded this earnings season
By Nicole Goodkind, CNN Business Investors appear to have traded in their fleece vests for crystal balls — everyone on Wall Street seems to have a…
Continue Reading America faces a possible rail strike in two weeks after largest union rejects labor deal
By Chris Isidore and Vanessa Yurkevich, CNN Business America faces a growing risk of a crippling national freight rail strike in two weeks. The…
Continue Reading Investors have very little to be thankful for in 2022
By Paul R. La Monica, CNN Business Americans are getting ready to celebrate Thanksgiving. But investors in the United States (and the rest of the…
Continue Reading Get ready for the most expensive holiday travel season ever
By Chris Isidore, CNN Business For travelers getting ready to make their first holiday trips since before the pandemic: prepare for sticker shock.…
Continue Reading This $5.99 T-shirt will get you free Denny’s breakfast for a year
By Zoe Sottile, CNN This might just be the best Black Friday deal we’ve heard yet. Denny’s is selling a $5.99 T-shirt which will grant…
Continue Reading How Jell-O lost its spot as America’s favorite dessert
Story by Nathaniel Meyersohn, Video by John General, CNN Business Way in the back of the grocery store, at the end of the sleepy baking aisle, sits a…
Continue Reading Retailers warn of ‘self-inflicted economic disaster’ after largest rail union rejects labor deal
By Matt Egan, CNN Business The nation’s leading retailers warned Monday that Congress may need to step in to avert a devastating freight rail…
Continue Reading London’s rental market has become a ‘nightmare.’ Here’s why
By Anna Cooban, CNN Business For Rebeca Blázquez, the past few weeks have been a “nightmare.” Based in Madrid but hoping to find work in…
Continue Reading Here’s how much Disney is going to pay Bob Iger
By Frank Pallotta, CNN Business Bob Iger, who shocked the media world when he returned as CEO of Disney on Sunday, will once again be among the…
Continue Reading China locks down key transportation hub; markets fear economic fallout
By Laura He, CNN Business China has locked down a major transportation hub in the south, as the country grapples with its largest nationwide Covid…
Continue Reading China locks down key transportation hub; markets fear economic fallout
By Laura He, CNN Business China has locked down a major transportation hub in the south, as the country grapples with its largest nationwide Covid…
Continue Reading Taiwan’s TSMC to bring its most advanced chip manufacturing to Arizona
By Wayne Chang and Diksha Madhok, CNN Taiwan Semiconductor Manufacturing Company plans to bring its most advanced technology to Arizona, the founder…
Continue Reading Bob Iger named Disney CEO again, replacing Bob Chapek, in a shock to Hollywood
By Frank Pallotta, CNN Business Bob Iger, one of the most successful CEOs in the history of The Walt Disney Company, is returning to once again run…
Continue Reading Elon Musk restores Donald Trump’s Twitter account
Former US President Donald Trump’s Twitter account has been reinstated on the…
Continue Reading Elon Musk restores Donald Trump’s Twitter account
By Clare Duffy and Paul LeBlanc, CNN Former US President Donald Trump’s Twitter account has been reinstated on the platform. The account, which…
Continue Reading Elon Musk restores Donald Trump’s Twitter account
By Clare Duffy and Paul LeBlanc, CNN Former US President Donald Trump’s Twitter account has been reinstated on the platform. The account, which…
Continue Reading After rapper launches pet accessory brand, now your dog can dress like Snoop Dogg
By Zoe Sottile, CNN Snoop Dogg is reaching out to new customers: actual dogs. The rapper and entrepreneur is expanding into pet fashion with Snoop…
Continue Reading Ticketmaster apologizes to Taylor Swift and her fans for ticketing debacle
By Frank Pallotta, CNN Business Ticketmaster apologized to Taylor Swift and her fans late Friday night after a ticketing debacle this week that made…
Continue Reading How Jell-O lost its spot as America’s favorite dessert
Story by Nathaniel Meyersohn, Video by John General, CNN Business Way in the back of the grocery store, at the end of the sleepy baking aisle, sits a…
Continue Reading ‘It’s like living in an igloo.’ People are turning off their heat as prices surge
By Gabe Cohen, CNN As the first frigid weather of autumn chills the Northeast, many people are faced with a tough decision: deal with the surging…
Continue Reading ‘It’s like living in an igloo.’ People are turning off their heat as prices surge
By Gabe Cohen, CNN As the first frigid weather of autumn chills the Northeast, many people are faced with a tough decision: deal with the surging…
Continue Reading Former SpaceX employees file labor-law complaint
By Jackie Wattles, CNN Eight former SpaceX employees filed labor-law complaints, alleging that Elon Musk’s space company unlawfully fired…
Continue Reading Shipping giant Maersk settles lawsuit filed by student allegedly raped at sea
By Blake Ellis and Melanie Hicken, CNN Shipping giant Maersk has settled a lawsuit filed by a former US Merchant Marine Academy student who says she…
Continue Reading Carvana cuts 1,500 jobs on slowing used-car demand
by Reuters Used-car retailer Carvana Co. is cutting 1,500 jobs, or 8% of its workforce, the company said on Friday, amid waning demand for used cars…
Continue Reading Get ready for bigger paychecks: Record high increases expected in 2023
By Jeanne Sahadi, CNN Business Employers are planning to increase their salary budgets by 4.6% next year, the highest expected annual jump in 15…
Continue Reading Parents are buying fewer baby clothes, a sign of deep financial distress
By Parija Kavilanz, CNN Business Customers are pulling back on spending at Gap and Old Navy — particularly in one specific category that shows just…
Continue Reading The crypto meltdown, explained
By Allison Morrow, CNN Business November 2022 is a month that investors, particularly in cryptocurrencies, will never forget. And the worst may be…
Continue Reading The crypto meltdown, explained
By Allison Morrow, CNN Business November 2022 is a month that investors, particularly in cryptocurrencies, will never forget. And the worst may be…
Continue Reading Taylor Swift: Ticketmaster fiasco ‘excruciating for me’
By Frank Pallotta, CNN Business Taylor Swift spoke out Friday about the ticketing debacle that took place this week, as many fans were unable to…
Continue Reading IKEA suppliers allegedly used Belarus prisoners under forced labor conditions, report says
By Mia Alberti IKEA furniture was allegedly produced by prisoners in Belarus penal colonies under forced labor conditions, according to a new report…
Continue Reading Fed officials crushed investors’ hopes this week
By Nicole Goodkind, CNN Business Investors sleuthing for clues about what the Federal Reserve will decide during its December policy meeting got…
Continue Reading What is Bud Zero, the only beer Budweiser can sell at the World Cup?
By Jordan Valinsky, CNN Business In a surprise reversal, Qatar announced a ban of alcoholic beer at the eight stadiums hosting the World Cup. That…
Continue Reading US home sales fall for 9th month in a row in October
By Anna Bahney, CNN Business Home sales in the United States declined for the ninth month in a row in October as surging mortgage rates and high…
Continue Reading Elon Musk’s $50 billion trial comes to an end
By Matt McFarland, CNN Business The trial for the Tesla shareholder lawsuit examining CEO Elon Musk’s unprecedented compensation package…
Continue Reading House panel wants internal documents from bankrupt crypto exchange FTX
By Matt Egan A powerful subcommittee in the House of Representatives is seeking internal documents and communications from Sam Bankman-Fried and FTX…
Continue Reading Inside Twitter as ‘mass exodus’ of staffers throws platform’s future into uncertainty
By Oliver Darcy, CNN Business Death is in the air on Twitter. On the platform Thursday evening, where #RIPTwitter was the top trend worldwide, users…
Continue Reading What is Bud Zero, the only beer Budweiser can sell at the World Cup?
By Jordan Valinsky, CNN Business In a surprise reversal, Qatar announced a ban of alcoholic beer at the eight stadiums hosting the World Cup. That…
Continue Reading The Bahamas seizes digital assets from bankrupt FTX unit for ‘safekeeping’
By Matt Egan, CNN Business Authorities in the Bahamas have taken control of cryptocurrency assets held by a unit of bankrupt exchange FTX. The…
Continue Reading FTX lawyer says ‘substantial amount’ of assets are either stolen or missing
By Allison Morrow, CNN Business The full extent of FTX’s financial disarray is becoming clearer as the failed crypto exchange’s new…
Continue Reading Explosive traces found at Nord Stream pipeline indicate ‘gross sabotage,’ Sweden says
By Lindsay Isaac and Sophie Tanno, CNN The blasts at the Nord Stream pipeline in September were caused by an act of sabotage, Swedish prosecutors…
Continue Reading Biden meets with business, labor leaders to highlight inflation progress
By Jeremy Diamond and Arlette Saenz, CNN President Joe Biden is meeting with business executives and labor leaders to highlight recent progress in…
Continue Reading India’s first private rocket Vikram-S is launched into space
By Swati Gupta and Diksha Madhok, CNN Business Indian startup Skyroot Aerospace launched the country’s first privately developed rocket,…
Continue Reading Foxconn has recruited 100,000 new workers for largest iPhone factory, state media reports
By Michelle Toh and CNN’s Beijing bureau, CNN Business More than 100,000 people have signed up for a massive recruitment drive by Apple’s…
Continue Reading Inside Twitter as ‘mass exodus’ of staffers throws platform’s future into uncertainty
By Oliver Darcy, CNN Business Death is in the air on Twitter. On the platform Thursday evening, where #RIPTwitter was the top trend worldwide, users…
Continue Reading Inside Twitter as ‘mass exodus’ of staffers throws platform’s future into uncertainty
By Oliver Darcy, CNN Business Death is in the air on Twitter. On the platform Thursday evening, where #RIPTwitter was the top trend worldwide, users…
Continue Reading A rail strike won’t screw up your holidays. Here’s how it’ll affect you in other ways
By Chris Isidore, Vanessa Yurkevich and Matt Egan, CNN Business So once again the nation and its economy is facing the risk of a massive freight…
Continue Reading The ’12 Days of Christmas’ gifts will set you back a lot more this year
By Alicia Wallace, CNN Business Thanks to inflation, your “True Love” will have to spend a pretty (expensive) penny when showering you…
Continue Reading Mortgage rates plunge, largest weekly drop since 1981
By Anna Bahney, CNN Business Mortgage rates dropped sharply last week following a series of economic reports that indicated inflation may finally be…
Continue Reading Stocks fall as fears of more big Fed rate hikes resurface
By Paul R. La Monica, CNN Business Wall Street cares only about one thing right now…and it’s not earnings, the state of the job market,…
Continue Reading Tesla’s close-knit leadership team goes under the spotlight in court
By Matt McFarland, CNN Business The Tesla board of directors that created the largest compensation package in history for CEO Elon Musk was stocked…
Continue Reading Tesla’s close-knit leadership team goes under the spotlight in court
By Matt McFarland, CNN Business The Tesla board of directors that created the largest compensation package in history for CEO Elon Musk was stocked…
Continue Reading Freight railroads say strike can still be avoided
By Chris Isidore and Vanessa Yurkevich, CNN Business The trade group representing the nation’s freight railroads is confident that a strike by…
Continue Reading The ’12 Days of Christmas’ gifts will set you back a lot more this year
By Alicia Wallace, CNN Business Thanks to inflation, your “True Love” will have to spend a pretty (expensive) penny when showering you…
Continue Reading Ticketmaster cancels public sale for Taylor Swift’s Eras Tour due to overwhelming demand
By Jordan Valinsky and Frank Pallotta, CNN Anyone looking to buy a ticket to Taylor Swift’s new tour may be out of luck. Ticketmaster said on…
Continue Reading Parents beware: Dangerous, recalled toys are still on sale
By Parija Kavilanz, CNN Business Parents shopping for their kids this holiday season need to be alert and carefully examine toys before they buy them…
Continue Reading Indian billionaire Gautam Adani’s flagship company is raising $2.5 billion
By Anna Cooban and Diksha Madhok, CNN Business Indian billionaire Gautam Adani’s business empire is planning to raise nearly $2.5 billion in a…
Continue Reading ‘Difficult decisions’: Britain announces higher taxes and spending cuts in warning sign for other governments
By Julia Horowitz, CNN Business The United Kingdom has already entered a recession and is battling decades-high inflation, eroding standards of…
Continue Reading Shoppers are pulling back at Macy’s and Kohl’s
By Nathaniel Meyersohn, CNN Business Middle-income shoppers have tightened their spending on clothing and home furnishings. That’s squeezing…
Continue Reading UK to raise $65 billion from windfall tax on energy companies
By Hanna Ziady, CNN Business The UK government is hiking a windfall tax on oil and gas companies and extending the levy to electricity generators, as…
Continue Reading Chinese consumers are wary. Alibaba’s sales miss forecasts
By Paul R. La Monica, CNN Business The Chinese consumer is still under a lot of pressure. E-commerce giant Alibaba reported third quarter sales…
Continue Reading First on CNN: ‘Greed and deception.’ Elizabeth Warren demands Sam Bankman-Fried and FTX turn over trove of records
By Matt Egan, CNN Business Democratic Sens. Elizabeth Warren and Dick Durbin are demanding FTX founder Sam Bankman-Fried hand over a trove of…
Continue Reading ‘Complete failure:’ Filing reveals staggering mismanagement inside FTX
By Allison Morrow, CNN Business A new court filing about Sam Bankman-Fried’s bankrupt companies reveals a crypto empire that was colossally…
Continue Reading Stocks have been clobbered this year, but people are still contributing to their retirement accounts
By Jeanne Sahadi, CNN Business Stocks and bonds have been turning in volatile, bearish performances this year in an economy marked by high inflation…
Continue Reading Taylor Swift ticket snafu caused by Ticketmaster abusing its market power, Senate antitrust chair says
By Jordan Valinsky, CNN Business Senator Amy Klobuchar criticized Ticketmaster in an open letter to its CEO, saying she has “serious…
Continue Reading Get ready for a spending slowdown this holiday season
By Nicole Goodkind, CNN Business American shoppers continue to defy gravity against the backdrop of persistently elevated inflation. Retail sales…
Continue Reading About 2,000 Starbucks workers stage one-day strike at more than 100 stores
By Chris Isidore, CNN Business More than 2,000 employees at 112 Starbucks locations are set to go on a one-day strike Thursday, according to the…
Continue Reading ‘Complete failure:’ Filing reveals staggering mismanagement inside FTX
By Allison Morrow, CNN Business A new court filing about Sam Bankman-Fried’s bankrupt companies reveals a crypto empire that was colossally…
Continue Reading Singapore writes down $275 million in FTX, calls belief in Sam Bankman-Fried ‘misplaced’
By Diksha Madhok, CNN Business Singapore has become the latest backer of crypto exchange FTX to admit being burned by its spectacular collapse. In a…
Continue Reading Porsche just turned its iconic Porsche 911 sports car into a jacked-up off-road beast
By Peter Valdes-Dapena, CNN Business If you want to go off-road in Porsche, the German brand can offer you a couple of different SUVs for that. But…
Continue Reading Porsche just turned its iconic Porsche 911 sports car into a jacked-up off-road beast
By Peter Valdes-Dapena, CNN Business If you want to go off-road in Porsche, the German brand can offer you a couple of different SUVs for that. But…
Continue Reading Meet the two new anchors replacing Judy Woodruff on ‘PBS NewsHour’
By Oliver Darcy, CNN Business “PBS NewsHour” is ready to turn the page. The iconic nightly news program announced Wednesday that…
Continue Reading NYC taxi fares expected to increase by 23% by the end of this year
By Zenebou Sylla, CNN The cost of a New York City taxi ride is expected to increase by nearly 23% by the end of 2022, marking the first taxi fare…
Continue Reading A 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 Reading Ticketmaster apologizes to Taylor Swift and her fans for ticketing debacle
By Frank Pallotta, CNN Business Ticketmaster apologized to Taylor Swift and her fans late Friday night after a ticketing debacle this week that made…
Continue Reading Taylor Swift ticket meltdown sparks outrage about Ticketmaster’s power
By Chris Isidore, CNN Business Taylor Swift fans’ outrage over Ticketmaster’s service meltdown Tuesday has shined a spotlight on a common…
Continue Reading 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 Reading Greed is back with a vengeance on Wall Street
By Paul R. La Monica, CNN Business Many investors are still nursing losses for the year. But stocks have come roaring back to life in the past few…
Continue Reading Thanksgiving 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…
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