Wealthier shoppers turn to Walmart for groceries
By Nathaniel Meyersohn, CNN Business Wealthier customers pinched by inflation are switching to Walmart for groceries, boosting sales at…
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Crypto is in chaos as FTX files for bankruptcy
By Allison Morrow, CNN Business In the space of a week, a 30-year-old entrepreneur once hailed as a modern-day J.P. Morgan watched his digital…
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 The 5 biggest takeaways from earnings season
By Nicole Goodkind, CNN Business The third-quarter corporate earnings season is wrapping up: We now have reports from about 450 of the S&P 500,…
Continue Reading The economy was a big concern for voters. Thursday’s inflation report likely won’t help
By Alicia Wallace, CNN Business The economy was top of mind for voters in the midterm elections, exit polls showed, adding even more weight to a…
Continue Reading Analysis: Why the news media got the midterm ‘red wave’ narrative so wrong
By Oliver Darcy, CNN Business The White House believes that the press has “egg on their faces, yet again.” That’s according to a…
Continue Reading Rivian has both good and bad news at end of tough day for EV stocks
By Chris Isidore, CNN Business Electric truckmaker Rivian delivered a mixed bag for investors in its third-quarter earnings report, after a brutal…
Continue Reading So you won the lottery. What now?
By Allison Morrow, CNN Business So, you won the lottery. Congrats! What do you do now? Once you’re done screaming and dancing in a shower of…
Continue Reading The economy was a big concern for voters. Thursday’s inflation report likely won’t help
By Alicia Wallace, CNN Business The economy was top of mind for voters in the midterm elections, exit polls showed, adding even more weight to a…
Continue Reading Chocolate is having a moment
By Danielle Wiener-Bronner, CNN Business Between warnings of a recession, high inflation and layoff fears, the news is bleak. Why not have some…
Continue Reading Crypto’s white knight lost 94% of his wealth in a single day
By Allison Morrow, CNN Business Sam Bankman-Fried, the crypto entrepreneur known for providing a financial lifeline to struggling firms in the…
Continue Reading This oil refiner is cutting 1,100 jobs — and giving billions of dollars to its shareholders
By Matt Egan, CNN Business Phillips 66 is cutting at least 1,100 jobs by the end of this year as the refining giant seeks to slash costs and steer a…
Continue Reading Adidas will continue to sell Kanye West’s shoe designs without the Yeezy name
By Nathaniel Meyersohn, CNN Business Adidas ended its sneaker partnership with Ye, formerly known as Kanye West, last month after the…
Continue Reading ‘It is not an accident’: Murdoch’s media empire celebrates DeSantis as future of GOP after midterms
By Oliver Darcy, CNN Business Rupert Murdoch, the media mogul who controls some of the most powerful organs in conservative media, appeared to make…
Continue Reading Railroad unions push back threatened strike date
By Chris Isidore and Vanessa Yurkevich, CNN Business The threat of a freight railroad strike has been pushed back to early December, as four major…
Continue Reading British nurses to hold first ever strike over pay
By Reuters Tens of thousands of British nurses will go on strike for the first time over demands for better pay, their trade union said on Wednesday,…
Continue Reading Credit card rates hit a record high as Fed fights inflation
By Matt Egan It’s never a great time to carry credit card debt. But right now is arguably the worst time. The Federal Reserve’s war on…
Continue Reading Why these five states don’t sell lottery tickets
By Nathaniel Meyersohn, CNN Business If residents of Alabama, Utah, Alaska, Hawaii or Nevada wanted a chance to win this week’s record…
Continue Reading Changes are coming to Wordle
By Frank Pallotta, CNN Business Changes are coming for Wordle … again. For starters the New York Times this week named Tracy Bennett the new…
Continue Reading Stocks slip as control of Congress remains unclear
By Paul R. La Monica, CNN Business Wall Street was betting on a red wave in the midterm elections Tuesday. But it appears that didn’t happen.…
Continue Reading So you won the lottery. What now?
By Allison Morrow, CNN Business So, you won the lottery. Congrats! What do you do now? Once you’re done screaming and dancing in a shower of…
Continue Reading Energy security trumps the climate? London’s biggest IPO of the year is an oil company
By Julia Horowitz, CNN Business The world may be losing the fight against the climate crisis, but investors are still willing to throw money at oil…
Continue Reading Redfin shuts home-flipping business and cuts 13% of its workforce
By Anna Bahney, CNN Business Redfin is set to shutter its home-flipping business and reduce its workforce by 13%, laying off 862 employees. About 264…
Continue Reading Shop owner who sold winning Powerball ticket is now a millionaire himself
By Stella Chan, CNN The owner of Joe’s Service Center in Altadena, California, who came to the United States from Syria in 1980 with $14,000 in…
Continue Reading Crypto giant Binance drops bid to save rival, stoking chaos in digital assets
By Allison Morrow, CNN Business In an abrupt reversal, cryptocurrency exchange Binance pulled out of a deal to acquire its embattled rival FTX,…
Continue Reading Analysis: Why the news media got the midterm ‘red wave’ narrative so wrong
By Oliver Darcy, CNN Business The White House believes that the press has “egg on their faces, yet again.” That’s according to a…
Continue Reading Cargo spacecraft docks with ISS after solar panel fails to deploy
By Jackie Wattles, CNN Business A cargo spacecraft successfully docked with the International Space Station Wednesday morning, despite making its…
Continue Reading Markets are in trouble. Election results won’t change that
By Nicole Goodkind, CNN Business The results of Tuesday’s midterm elections will set the agenda for the next Congress. That could mean changes…
Continue Reading Markets are in trouble. Election results won’t change that
By Nicole Goodkind, CNN Business The results of Tuesday’s midterm elections will set the agenda for the next Congress. That could mean changes…
Continue Reading China is ‘committed to net zero,’ head of top Asian development bank says at COP27
By Eoin McSweeney and Ella Nilsen, CNN China and the other 104 members of the Asian Infrastructure Investment Bank are “deeply committed”…
Continue Reading Elon Musk sold nearly $4 billion worth of Tesla stock since Twitter deal closed
By Chris Isidore, CNN Business Elon Musk sold $3.95 billion worth of Tesla stock since completing his purchase of Twitter late last month.…
Continue Reading Stock futures mostly unchanged as election results roll in
By Paul R. La Monica, CNN Business US stocks were mostly unchanged in premarket trading as results from Tuesday’s midterm elections rolled in.…
Continue Reading Stock futures mostly unchanged as election results roll in
By Paul R. La Monica, CNN Business US stocks were mostly unchanged in premarket trading as results from Tuesday’s midterm elections rolled in.…
Continue Reading One Indian family lost 12 members in the Morbi bridge collapse
By Swati Gupta, Rhea Mogul, Sandi Sidhu and Mohit Lathiya, CNN A marigold garland hangs across a photo frame with the faces of 12 members of the…
Continue Reading Disney+ beats subscriber expectations but that growth came at a cost
By Frank Pallotta, CNN Business Disney’s fourth quarter earnings were a mix of good and bad news for the company. The good: the company added…
Continue Reading Wall Street is bracing for a potential game changer, but it’s not the election
By Matt Egan, CNN Business Wall Street is waiting for the results of Tuesday’s midterm election like the rest of the world, but traders say…
Continue Reading Stocks rise as Americans head to the polls
By Paul R. La Monica, CNN Business #RedWave? #VoteBlue? Wall Street saw green on this midterm Election Day. Stocks ended Tuesday with solid gains,…
Continue Reading Stocks rise as Americans head to the polls
By Paul R. La Monica, CNN Business #RedWave? #VoteBlue? Wall Street saw green on this midterm Election Day. Stocks ended Tuesday with solid gains,…
Continue Reading Advertisers crack jokes about the end times and turnip lattes as inflation bites
By Julia Horowitz, CNN Business A woman maneuvers her car onto a street called “Wits’ End.” The sky is an ominous red, and strange…
Continue Reading Election Day deals: Donuts, pizza and cheap rides
It’s Election Day in America, and some companies are offering deals and freebies to mark the occasion, while others are giving employees time off to…
Continue Reading Getting laid off? Know your rights
By Jeanne Sahadi, CNN Business The abrupt and unceremonious way that thousands of Twitter employees got laid off last week was a spectacle. But it…
Continue Reading Paramount took a risk keeping ‘Top Gun’ grounded for two years. It was this year’s biggest hit
“Top Gun: Maverick” was never going to be an easy…
Continue Reading A plan to tax the rich to fund electric defeated by California voters
By Peter Valdes-Dapena, CNN Business California has long been a leader among states, and even countries, in promoting a shift to electric cars,…
Continue Reading Why these five states don’t sell lottery tickets
By Nathaniel Meyersohn, CNN Business If residents of Alabama, Utah, Alaska, Hawaii or Nevada wanted a chance to win this week’s record…
Continue Reading A former NBA champion is changing ‘how the world builds’ to fight the climate crisis
By Hanna Ziady, CNN Business Three years ago, a hurricane devastated the Bahamas, claiming dozens of lives. Today, the country is building what it…
Continue Reading Trump-linked SPAC stock goes bonkers ahead of midterms
By Paul R. La Monica, CNN Business Many political experts are predicting big Republican wins in the midterm elections that could give the GOP control…
Continue Reading Proposed tie-up sends shockwaves through crypto markets
By Allison Morrow, CNN Business In an unexpected twist, the cryptocurrency exchange Binance said it is buying its smaller rival FTX after the firm…
Continue Reading Paramount took a risk keeping ‘Top Gun’ grounded for two years. It was this year’s biggest hit
By Frank Pallotta, CNN Business “Top Gun: Maverick” was never going to be an easy sell. Sure, the film starred Tom Cruise — arguably…
Continue Reading Doughnuts, pizza and cheap rides: Election Day deals are here
By Danielle Wiener-Bronner, CNN Business It’s Election Day in America, and some companies are offering deals and freebies to mark the occasion,…
Continue Reading Adidas scoops up CEO who turned around rival Puma
By Hanna Ziady, CNN Business Adidas has appointed the head of Puma to succeed outgoing CEO Kasper Rorsted, betting on his ability to replicate its…
Continue Reading Companies are back to hosting lavish parties and expensive dinners
By Alexandra Peers CNN Business Samuel Roe, regional sales manager for Terlato Wines, had business associates visiting a few weeks ago and called a…
Continue Reading What midterm elections could mean for the US economy
By Nicole Goodkind, CNN Business Tuesday’s midterm elections come at a time of economic vulnerability for the United States. Recession…
Continue Reading Powerball used to have a jackpot limit. Then it exploded
By Nathaniel Meyersohn, CNN Business The latest Powerball lottery jackpot topped $2 billion, making it the largest lotto prize ever. But in 1987 when…
Continue Reading Paramount took a risk keeping ‘Top Gun’ grounded for two years. It was this year’s biggest hit
By Frank Pallotta, CNN Business “Top Gun: Maverick” was never going to be an easy sell. Sure, the film starred Tom Cruise — arguably…
Continue Reading Founder of beloved Malaysian noodle snack Mamee dies at 92
By Michelle Toh, CNN Business The founder of Mamee Monster, the iconic Southeast Asian noodle snack brand, has died, the company confirmed Tuesday.…
Continue Reading Iran accused of plotting to kill two journalists in UK
By Sahar Akbarzai and Lauren Kent, CNN Two British-Iranian journalists working in the United Kingdom have been warned by police of a…
Continue Reading Taiwan’s virtual beauty brand struggles on Wall Street debut
By Michelle Toh, CNN Business Taiwan’s latest entrant to Wall Street has had a rough ride since it went public a week ago. Shares of Perfect…
Continue Reading The world needs India to avert climate catastrophe. Can Modi deliver?
By Tara Subramaniam, CNN It’s not unusual for temperatures in India’s Thar Desert to reach 48 degrees Celsius (118 degrees Fahrenheit).…
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What our collective Powerball escapism can tell us about the US economy
By Allison Morrow, CNN Business The economy of the 2020s is a tough one to read. Like, are we in a recession? Technically, no, but…
Continue Reading Biden’s stock market record so far is the second worst since Jimmy Carter
By Matt Egan, CNN Business The stock market under President Biden started with a boom, but it heads into the midterm elections looking more like a…
Continue Reading US consumers borrowed $25 billion more in September
By Alicia Wallace, CNN Business American consumers borrowed another $25 billion in September, according to newly released Federal Reserve data, as…
Continue Reading Carvana stock plummets as used car prices fall
By Jennifer Korn Shares of used car marketplace Carvana continued to plummet Monday, falling over 50% over the past two trading days, following a…
Continue Reading What will the Fed do next? Follow the economy, not what Jerome Powell says
By Paul R. La Monica, CNN Business The stock market has been on a roller coaster ride, largely because of Wall Street’s shifting expectations…
Continue Reading Interest rates will keep rising. How high will they go?
By Nicole Goodkind, CNN Business What will the Federal Reserve do at its meeting in December? Analysts can speculate all they want, but Fed officials…
Continue Reading Why Costco and Trader Joe’s stopped selling your favorite food
By Nathaniel Meyersohn, CNN Business Chances are, you’ve been there: You head to Trader Joe’s to buy caramel popcorn, churro bites and…
Continue Reading A recession in the US is not a slam dunk, Goldman Sachs says
By Matt Egan, CNN Business While investors, business leaders and some economic models continue to warn a recession is imminent, Wall Street’s…
Continue Reading Former MoviePass executives face fraud charges
By Jennifer Korn MoviePass’s former CEO and the leader of its former parent company have been indicted on securities fraud charges for…
Continue Reading A former NBA champion is changing ‘how the world builds’ to fight the climate crisis
By Hanna Ziady, CNN Business Three years ago, a hurricane devastated the Bahamas, claiming dozens of lives. Today, the country is building what it…
Continue Reading What the wave of tech layoffs tell us about the economy
By Nicole Goodkind, CNN Business Friday’s jobs report came in strong: the US economy added 261,000 new jobs in October, blowing away analyst…
Continue Reading Ryanair is booming as flyers ditch pricier airlines
By Hanna Ziady, CNN Business Ryanair carried a record number of passengers over the summer and says its budget friendly airfares will attract even…
Continue Reading Apple expects iPhone 14 shipments to be hit by China’s Covid curbs
By Diksha Madhok, CNN Business Apple has said that shipments of its latest lineup of iPhones will be “temporarily impacted” by Covid…
Continue Reading Apple expects iPhone 14 shipments to be hit by China’s Covid curbs
By Diksha Madhok, CNN Business Apple has said that shipments of its latest lineup of iPhones will be “temporarily impacted” by Covid…
Continue Reading Workers vote against first unionizing effort at Home Depot
By Chris Isidore, CNN Business Workers at a Home Depot in Philadelphia overwhelmingly voted against becoming the first store in the chain to be…
Continue Reading Former MoviePass executives face fraud charges
By Jennifer Korn MoviePass’s former CEO and the leader of its former parent company have been indicted on securities fraud charges for…
Continue Reading ‘SNL’ has Trump plead his case to restore banned Twitter account
By Frank Pallotta, CNN Business It’s been a crazy few weeks for Twitter, and “SNL” made the most of the chaos. Elon Musk completed…
Continue Reading ‘SNL’ has Trump plead his case to restore banned Twitter account
By Frank Pallotta, CNN Business It’s been a crazy few weeks for Twitter, and “SNL” made the most of the chaos. Elon Musk completed…
Continue Reading How the midterms could affect Wall Street
By Paul R. La Monica, CNN Business Last week was a volatile one on Wall Street, with stocks falling after Federal Reserve chair Jerome Powell dashed…
Continue Reading Elon Musk sold nearly $4 billion worth of Tesla stock since Twitter deal closed
By Chris Isidore, CNN Business Elon Musk sold $3.95 billion worth of Tesla stock since completing his purchase of Twitter late last month.…
Continue Reading Twitter prepares to roll out new paid subscription service that includes blue checkmark
by Brian Fung, CNN Twitter on Saturday launched an updated version of its iOS app that promises to allow users to pay a monthly subscription to…
Continue Reading Why is the Powerball prize at a record? Thank Fed Chairman Jerome Powell
By Chris Isidore, CNN Business One of the reasons for the record $2.04 billion jackpot for the Powerball drawing, which was announced Tuesday…
Continue Reading NBC News pulls report on Paul Pelosi attack
By Oliver Darcy, CNN Business NBC News on Friday pulled a report about the attack on Paul Pelosi that the network said did not meet its standards.…
Continue Reading Nike suspends relationship with Kyrie Irving
By Jill Martin and Aya Elamroussi, CNN Nike is suspending its relationship with Brooklyn Nets point guard Kyrie Irving, the company said in an…
Continue Reading Labor Secretary says Congress needs to block rail strikes without new deals
By Chris Isidore, CNN Business Labor Secretary Marty Walsh says he hopes negotiators between railroads and some rail unions can reach new labor deals…
Continue Reading Railroad unions push back threatened strike date
By Chris Isidore and Vanessa Yurkevich, CNN Business The threat of a freight railroad strike has been pushed back to early December, as four major…
Continue Reading Helicopter misses rocket booster in wild attempt to recapture it after flight
By Jackie Wattles, CNN Business Rocket Lab, a start-up building small orbital rockets, kicked off another successful mission on Friday — but it…
Continue Reading Georgia shoe manufacturer lays off most of workforce after Adidas stops Yeezy production
By Melissa Alonso, CNN Okabashi, an Adidas manufacturing partner and family-owned footwear company in Buford, Georgia, has laid off 142 employees as…
Continue Reading Puma’s outgoing CEO could lead rival Adidas next
By Julia Horowitz, CNN Business Adidas could snap up the boss of crosstown rival Puma to succeed outgoing CEO Kasper Rorsted. The sportswear company…
Continue Reading Mixed bag for jobs: Employers keep hiring, but unemployment rises
By Chris Isidore, CNN Business The white-hot US labor market is showing signs of cooling, with the Labor Department reporting Friday a slower pace of…
Continue Reading What’s behind wide salary ranges after New York’s pay transparency law
By Jeanne Sahadi, CNN Business It’s not unusual for two people with the same title to be paid somewhat different salaries. Pay, after all, is…
Continue Reading Stocks in Hong Kong log best week in more than a decade
By Julia Horowitz, CNN Business Global investors have two big questions on their minds: When will the Federal Reserve become less aggressive in its…
Continue Reading Mixed bag for jobs: Employers keep hiring, but unemployment rises
By Chris Isidore, CNN Business The white-hot US labor market is showing signs of cooling, with the Labor Department reporting Friday a slower pace of…
Continue Reading America’s housing dream is broken
By Allison Morrow, CNN Business A little over a decade ago, the dominant narrative about the housing market was that Millennials simply weren’t…
Continue Reading America’s housing dream is broken
By Allison Morrow, CNN Business A little over a decade ago, the dominant narrative about the housing market was that Millennials simply weren’t…
Continue Reading The chicken sandwich isn’t enough for Popeyes anymore
By Danielle Wiener-Bronner, CNN Business When Popeyes launched its crispy chicken sandwich in 2019, the menu item sold out in just two weeks. When it…
Continue Reading Holiday sales expected to increase this year, but shoppers will lean on savings and credit to afford gifts
By Parija Kavilanz, CNN Business Families may not skimp on holiday gifts for their loved ones this year, but they’ll likely slim down their…
Continue Reading CNBC axes Shepard Smith’s news program amid broader ‘strategic realignment’
By Oliver Darcy, CNN Business Shepard Smith will exit CNBC later this year after the business-focused news network announced on Thursday that it will…
Continue Reading Glencore fined $314 million for ‘endemic’ bribery of African oil officials
By Anna Cooban, CNN Business Commodities giant Glencore has been ordered to pay a record £281 million ($314 million) penalty by a UK court for…
Continue Reading Mortgage rates dip back below 7%
By Anna Bahney, CNN Business Mortgage rates fell this week after surpassing 7% for the first time in 20 years last week. The 30-year fixed-rate…
Continue Reading What to look for in the last jobs report before the midterms
By Allison Morrow, CNN Business When the Bureau of Labor Statistics releases its October jobs report on Friday, it will be the last major read of the…
Continue Reading Netflix launches ‘Basic with Ads’ — its much anticipated commercial-supported plan
By Frank Pallotta, CNN Business In 2019, Netflix said in a letter to shareholders “we… are advertising free,” and added that being…
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