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…
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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…
Continue Reading First-time homebuyers are being shut out of the market like never before
By Anna Bahney, CNN Business If you bought your first home during the past year, consider yourself one of the fortunate few. Skyrocketing home prices…
Continue Reading Here’s how to get a free sandwich on National Sandwich Day
By Parija Kavilanz, CNN Business Who can resist a sandwich — especially if it’s free? November 3rd marks National Sandwich Day (yes,…
Continue Reading Here’s why 75% of likely voters think we are in a recession — even though we’re probably not
By Allison Morrow, CNN Business A new CNN poll shows that three-quarters of likely voters feel like the US economy is in a recession. It’s…
Continue Reading Grocery prices are soaring. But this food favorite is getting cheaper
By Parija Kavilanz, CNN Business There’s at least one item in the grocery store that is getting less expensive: avocados. A significant supply…
Continue Reading New York Attorney General Letitia James secures $523 million from Teva Pharmaceuticals for role in opioid crisis
By Kristina Sgueglia, CNN The New York Attorney General’s office announced it has secured $523 million from Teva Pharmaceuticals and affiliates…
Continue Reading First-time homebuyers are being shut out of the market like never before
By Anna Bahney, CNN Business If you bought your first home during the past year, consider yourself one of the fortunate few. Skyrocketing home prices…
Continue Reading Did Jerome Powell just bust the stock market rally?
By Julia Horowitz, CNN Business Federal Reserve Chair Jerome Powell has the power to make or break markets these days. On Wednesday, he opted to…
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 Bank of England sets biggest rate hike in 33 years and warns of a long recession
By Hanna Ziady and Julia Horowitz, CNN Business The Bank of England raised interest rates by three quarters of a percentage point on Thursday, the…
Continue Reading Les Moonves, CBS to pay $30 million in settlement with NY AG over sexual misconduct allegations
By Frank Pallotta, CNN Business Leslie Moonves, former chief executive officer of CBS, and CBS reached a $30.5 million settlement with the office of…
Continue Reading What rising interest rates mean for you
By Jeanne Sahadi, CNN Business The Federal Reserve raised its benchmark interest rate for the sixth time in a row on Wednesday, to a range of 3.75%…
Continue Reading Thanksgiving dinner will be a lot more expensive this year, report finds
By Danielle Wiener-Bronner, CNN Business Looks like Thanksgiving will be a lot pricier this year. Market research firm IRI predicts that your…
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 Thanksgiving dinner will be a lot more expensive this year, report finds
By Danielle Wiener-Bronner, CNN Business Looks like Thanksgiving will be a lot pricier this year. Market research firm IRI predicts that your…
Continue Reading Biden’s stock market record so far is the second worst since Jimmy Carter
By Matt Egan, CNN Business The stock market started the Biden era with a boom. But it heads into the midterm election looking more like a bust.…
Continue Reading Ford October sales slide 10% largely due to supply chain issues
By Michael Ballaban, CNN Business Ford saw its October US sales slump 10% over the last year as the company continued to battle supply chain…
Continue Reading This is what Starbucks’ 25th anniversary holiday cups look like
By Jordan Valinsky, CNN Business This year marks the 25th anniversary of Starbucks’ holiday cups, an annual tradition that unofficially rings…
Continue Reading The Fed makes history with a fourth straight three-quarter-point rate hike
By Nicole Goodkind, CNN Business The Federal Reserve approved a fourth-straight rate hike of three-quarters of a percentage point on Wednesday as…
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 From Apple to Disney, China’s Covid curbs are again hurting business
By Diksha Madhok and CNN’s Beijing bureau It has been almost three years since Covid-19 first hit China, but the country’s relentless…
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 Shipping giant Maersk warns of ‘dark clouds on the horizon’
By Julia Horowitz, CNN Business The spike in shipping rates since the onset of the pandemic has been a huge boon for Maersk. But the Danish shipping…
Continue Reading A decade of rising house prices is over. The UK economy will feel the pain
By Anna Cooban and Hanna Ziady, CNN Business For years, home ownership in Britain has been a one-way bet. Prices have climbed steadily since the…
Continue Reading These baristas are leading a nationwide campaign to unionize Starbucks. It came at a cost
By Chris Isidore, CNN Business They came from very different backgrounds and different parts of the country, each with different reasons for seeking…
Continue Reading Wall Street’s recent love affair with the Fed could turn on a dime
By Nicole Goodkind, CNN Business Fed decision day is here — and so is some potential bad news for the market. That’s because investors have…
Continue Reading ‘The worst is behind us’: Hong Kong hosts top global bankers for finance summit
By Michelle Toh, CNN Business Hong Kong leader John Lee sought to drum up confidence in the city’s future as a global financial hub on…
Continue Reading Spotify is going to war with Apple after the App Store rejected its big new feature
By Oliver Darcy, CNN Business Spotify is looking to give Apple a good bruising in the press. The music streamer is taking its grievances with the…
Continue Reading Former Treasury Secretary Larry Summers urges Fed to keep hiking rates
By Nicole Goodkind, CNN Business Former US Treasury Secretary Larry Summers said on Tuesday that the growing chorus of economists and politicians…
Continue Reading United pilots reject contract as airline negotiations ramp up
by Greg Wallace, CNN A shortage of airline pilots is leading pilots at America’s largest carriers to push for better pay and benefits. The…
Continue Reading Self-driving cars were supposed to take over the road. What happened?
By Matt McFarland, CNN Business For over a decade, companies from Google to General Motors have poured billions of dollars into the pursuit of what…
Continue Reading Elizabeth Warren to Jerome Powell: Just how many jobs do you plan to kill?
By Matt Egan, CNN Business As the Federal Reserve kicks off another pivotal rate-setting meeting, lawmakers are reminding the central bank exactly…
Continue Reading Where are the unicorns? The IPO market has unraveled this year
By Paul R. La Monica, CNN Business Wall Street bulls may have come thundering back in October as bears appear to have gone into hibernation. But…
Continue Reading SpaceX’s Falcon Heavy rocket, world’s most powerful rocket, launches after three-year hiatus
By Jackie Wattles, CNN SpaceX’s Falcon Heavy — a towering, three-pronged vehicle that is the most powerful operational rocket in the world…
Continue Reading Chick-fil-A operator has a winning recipe for employees: three-day workweek
By Parija Kavilanz, CNN Business What staffing shortage? One Miami Chick-fil-A owner/operator has been deluged with applications after switching his…
Continue Reading SpaceX’s Falcon Heavy rocket, world’s most powerful rocket, launches after three-year hiatus
By Jackie Wattles, CNN SpaceX’s Falcon Heavy — a towering, three-pronged vehicle that is the most powerful operational rocket in the world…
Continue Reading Why America’s job market hasn’t imploded
By Nicole Goodkind, CNN Business Despite a stock-market bounce in October that gave the Dow its biggest monthly gain in more than 45 years,…
Continue Reading The number of job openings rose unexpectedly in September, despite the Fed’s aggressive actions
By Alicia Wallace, CNN Business The number of available jobs in the United States increased in September, surprising economists who had expected the…
Continue Reading Don’t worry, you can still get a great return on these inflation-protected bonds
By Jeanne Sahadi, CNN Business There are few places to keep your cash these days that can protect your money from inflation. And while you might have…
Continue Reading Biden’s oil windfall tax would backfire, warns Larry Summers
By Matt Egan, CNN Business Economist Larry Summers is pushing back after President Joe Biden floated the possibility of punishing the oil industry…
Continue Reading US debt: Federal interest payments could soon exceed military spending
By Matt Egan, CNN Business The Federal Reserve’s war on inflation isn’t just painful for home buyers and people with credit card debt.…
Continue Reading BP announces $2.5 billion share buyback after profit soars
By Hanna Ziady, CNN Business BP’s profit more than doubled in the third quarter of the year, extending a bumper run of earnings for the…
Continue Reading Oleg Tinkov renounces Russian citizenship over war in Ukraine
By Mark Thompson, Mayumi Maruyama and Alex Stambaugh, CNN Oleg Tinkov, the founder of a major Russian digital bank, has renounced his Russian…
Continue Reading What we know about India’s deadly bridge collapse
By Rhea Mogul, Manveena Suri and Swati Gupta, CNN More than 50 children are among 135 people killed in Sunday’s bridge collapse in…
Continue Reading Judge blocks Penguin Random House’s purchase of Simon & Schuster
By CNN Business staff A federal judge blocked Penguin Random House from buying Simon & Schuster, arguing that the combination of the two book…
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