Wall Street is minting money as Main Street struggles with inflation and burnout
By Paul R. La Monica, CNN Business The Main Street and Wall Street gap is widening again. Big banks had a stellar end to 2021 with rates on the rise.…
Continue ReadingBy Paul R. La Monica, CNN Business The Main Street and Wall Street gap is widening again. Big banks had a stellar end to 2021 with rates on the rise.…
Continue ReadingBy Swati Gupta, Manveena Suri and Rhea Mogul, CNN An Indian court on Friday acquitted a Catholic bishop of rape charges, a prosecution lawyer said…
Continue ReadingBy Michelle Toh, CNN Business Indian billionaire Mukesh Ambani is going big on green energy. His conglomerate, Reliance Industries, announced…
Continue ReadingBy Julia Horowitz, CNN Business The world needs more electricity. That will mean severe climate damage, unless something changes soon. A report…
Continue ReadingBy Manveena Suri, Swati Gupta and Rhea Mogul, CNN At least nine people were killed and 36 others injured after a passenger train derailed in…
Continue ReadingBy Vanessa Yurkevich, CNN The nation’s largest industry trade groups are calling the US Supreme Court’s decision to block US President…
Continue ReadingBy Matt Egan Goldman Sachs is extending its work-from-home guidance by another two weeks amid the wave of Covid-19 infections. The Wall Street bank…
Continue ReadingBy Anna Bahney, CNN Business In the second big jump of 2022, mortgage rates again rose to a high not seen since the start of the pandemic. The…
Continue ReadingBy Anna Bahney, CNN Business In the second big jump of 2022, mortgage rates again rose to a high not seen since the start of the pandemic. The…
Continue ReadingBy Chris Isidore, CNN Business About 8,000 grocery store workers at 77 King Soopers and City Markets stores in the Denver area are on strike after…
Continue ReadingBy Paul R. La Monica, CNN Business Auto racing is arguably hotter than ever, thanks in part to the super popular Netflix series “Drive to…
Continue ReadingBy Matt Egan Goldman Sachs is extending its work-from-home guidance by another two weeks amid the wave of Covid-19 infections. The Wall Street bank…
Continue ReadingBy Matt Egan Goldman Sachs is extending its work-from-home guidance by another two weeks amid the wave of Covid-19 infections. The Wall Street bank…
Continue ReadingBy Jordan Valinsky, CNN Business Domino’s Pizza customers ordering chicken wings will soon get fewer of them for the same price. The pizza…
Continue ReadingN95 respirators, the gold standard of filtration masks, are back in the pandemic spotlight because of the highly contagious Omicron COVID-19 variant.…
Continue ReadingBy Jackie Wattles, CNN Business Shares of Virgin Galactic — the space tourism company that carried its billionaire founder, Richard Branson, to the…
Continue ReadingBy Matt Egan, CNN Business Inflation has vaulted to the top of CEOs’ worry list. More than half (55%) of global CEOs fear pricing pressures…
Continue ReadingBy Anneken Tappe, CNN Business Wall Street had another day in the red at the start of this shortened trading week as investors grapple with earnings…
Continue ReadingBy Chris Isidore and Allison Morrow, CNN Business Inflation isn’t just an economic headache — it’s become a political blame game that…
Continue ReadingBy Frank Pallotta, CNN Business The National Football League bounced back to ratings dominance following a 2020 season that was disrupted by the…
Continue ReadingBy Peter Valdes-Dapena, CNN Business Stellantis, the company formed last year through the merger of Fiat Chrysler Automobiles and France’s PSA…
Continue ReadingBy Charles Riley, CNN Business People are paying a lot more for food, gas, cars and services, and inflation isn’t over yet as the pandemic…
Continue ReadingBy Anneken Tappe, CNN Business A key inflation measure climbed to a record high in 2021, as pandemic price hikes just aren’t going away. The US…
Continue ReadingBy Julia Horowitz, CNN Business For companies that want to take advantage of historically-low borrowing costs, the clock is ticking. What’s…
Continue ReadingBy Julia Horowitz, CNN Business For companies that want to take advantage of historically-low borrowing costs, the clock is ticking. What’s…
Continue ReadingBy Charles Riley, CNN Business Volkswagen is falling further behind Tesla in the race to dominate the market for electric cars. Europe’s…
Continue ReadingBy Nathaniel Meyersohn, CNN Business Sam Dancy has witnessed it all during his 30 years at supermarket chain QFC in Seattle. But the Omicron variant…
Continue ReadingBy Chris Isidore, CNN Business A strong holiday travel season helped Delta Air Lines to a better-than-forecast profit in the last three months of…
Continue ReadingBy Parija Kavilanz, CNN Business Grocery stores had already been struggling to keep their shelves stocked because of supply chain delays and Omicron…
Continue ReadingBy Parija Kavilanz, CNN Business N95 respirators, the gold standard of filtration masks, are back in the pandemic spotlight because of the highly…
Continue ReadingBy Michelle Toh and CNN’s Beijing bureau, CNN Business KFC is being accused of causing food waste in China amid recent concerns about food…
Continue ReadingBy Anneken Tappe, CNN Business Pandemic price hikes didn’t let up in the last month of 2021: A key inflation gauge hit a fresh a 39-year high.…
Continue ReadingBy Paul R. La Monica, CNN Business There’s no denying it: Inflation is here. Consumer prices surged 7% over the past year. Housing prices have…
Continue ReadingBy Michelle Toh, CNN Business If you’re looking for your usual order at a KFC in Australia or McDonald’s in Japan these days, you might…
Continue ReadingGood news: After rising for months, meat prices are finally falling at the grocery store. Bad news: Many other staples are getting more…
Continue ReadingBy Danielle Wiener-Bronner, CNN Business Good news: After rising for months, meat prices are finally falling at the grocery store. Bad news: Many…
Continue ReadingBy Jordan Valinsky, CNN Business Getting your dish soap out of the bottle might not be on your top 10 list of daily annoyances. But Procter &…
Continue ReadingBy Anneken Tappe, CNN Business Pandemic price hikes didn’t let up in the last month of 2021: A key inflation gauge hit a fresh a 39-year high.…
Continue ReadingBy Paul R. La Monica, CNN Business Fees for bounced checks or lacking enough money in your account are quickly becoming a thing of the past. Wells…
Continue ReadingBy Julia Horowitz, CNN Business Annual consumer inflation in the United States has climbed to 7% as prices rise at the fastest clip in nearly four…
Continue ReadingBy Anneken Tappe, CNN Business Pandemic price hikes didn’t let up in the last month of 2021: A key inflation gauge hit a fresh a 39-year high.…
Continue ReadingBy Anna Cooban, CNN Business Ryanair has restarted one of its most popular services: trolling Boris Johnson. The budget airline posted a spoof summer…
Continue ReadingBy Julia Horowitz, CNN Business Annual consumer inflation in the United States has climbed to 7% as prices rise at the fastest clip in nearly four…
Continue ReadingBy Nathaniel Meyersohn, CNN Business Big Lots is betting shoppers will still want to buy cheap couches and pillows in person for years to come. The…
Continue ReadingBy Allison Morrow, CNN Business Citigroup is ending its consumer banking operation in Mexico as part of a broad strategic shift under CEO Jane…
Continue ReadingBy Matt Egan, CNN Business US oil prices rose sharply on Tuesday, climbing above $81 a barrel for the first time in two months. Crude closed at…
Continue ReadingBy Matt Egan, CNN Business US oil prices rose sharply on Tuesday, climbing above $81 a barrel for the first time in two months. Crude closed at…
Continue ReadingBy Matt Egan, CNN Business The US Chamber of Commerce is calling for doubling the number of legal immigrants into America as a way to ease inflation…
Continue ReadingBy Matt Egan, CNN Business The US Chamber of Commerce is calling for doubling the number of legal immigrants into America as a way to ease inflation…
Continue Readingby Pete Muntean, CNN United Airlines said it is reducing its flight schedule in hopes of stemming Covid-related staffing shortages that have caused…
Continue ReadingBy Chris Isidore, CNN Business US prices for just about everything — from cars and gasoline to food and clothing — are rising at the…
Continue ReadingBy Alicia Wallace, CNN Business America’s love of debt-fueled spending is making a comeback. During the pandemic, some consumer balance sheets…
Continue ReadingBy Jordan Valinsky, CNN Business Oreo is trying something totally new for its 110th birthday. For the celebratory occasion, Oreo is releasing a…
Continue ReadingBy Peter Valdes-Dapena, CNN Business In 2021, Honda was outsold in the United States by the combined forces of two South Korean brands, Hyundai and…
Continue ReadingBy Oren Liebermann, Pete Muntean and Barbara Starr, CNN Business An unusual ground stop was issued to some pilots for a short period of time…
Continue ReadingBy Oren Liebermann, Pete Muntean and Barbara Starr, CNN Business An unusual ground stop was issued to some pilots for a short period of time…
Continue ReadingBy Paul R. La Monica, CNN Business Fees for bounced checks or lacking enough money in your account could soon be a thing of the past. Bank of America…
Continue ReadingOpinion by Tom Kloza for CNN Business Perspectives Americans all over the country have been paying higher prices at the pump. And if Omicron…
Continue ReadingBy Julia Horowitz, CNN Business The company behind Grand Theft Auto is ponying up a lot of money to buy Zynga, the mobile game developer best known…
Continue ReadingBy Charles Riley, CNN Business Many business leaders, politicians and academics are overwhelmingly pessimistic about the threat Covid-19 still poses…
Continue ReadingBy Lianne Kolirin, CNN Business A British energy supplier has apologized for the “poorly judged and unhelpful” advice sent to customers…
Continue ReadingBy Matt Egan, CNN Business Former President Donald Trump is plotting a return to Wall Street with a new media company taking aim at Big Tech. But…
Continue ReadingBy Laura He, CNN Business China’s real estate sector is having a rocky start in 2022, as some of the country’s most high-profile…
Continue ReadingBy Michelle Toh, CNN Business A cryptocurrency CEO has become one of the richest people on Earth. Changpeng “CZ” Zhao, who runs the…
Continue ReadingBy Peter Valdes-Dapena, CNN Business Americans may be feeling uneasy about the economy, but if sales of ultra-luxury cars are any indication, the…
Continue ReadingBy Matt Egan Federal Reserve Chairman Jerome Powell is pledging not to allow inflation to become ingrained in the American economy, according to…
Continue ReadingBy Paul R. La Monica, CNN Business For some time, many investing experts have been predicting there will be a shift away from big tech towards value…
Continue ReadingBy Paul Vercammen and Faith Karimi, CNN Robert Durst, the eccentric millionaire who fascinated viewers as the subject of HBO’s documentary…
Continue ReadingBy Paul Vercammen and Faith Karimi, CNN Robert Durst, the eccentric millionaire who fascinated viewers as the subject of HBO’s documentary…
Continue ReadingBy Jeanne Sahadi, CNN Business The IRS said Monday it would start accepting 2021 federal tax returns on Monday, January 24. The tax filing deadline…
Continue ReadingIf you haven’t secured a raise in a while, now’s the time to make your…
Continue ReadingBy Allison Morrow, CNN Business President Joe Biden and other politicians will tell you inflation is Corporate America’s fault. Corporate…
Continue ReadingBy Oliver Darcy, CNN Business Jesse Watters, the right-wing talk show host who throughout his career has courted controversy with incendiary…
Continue ReadingBy Paul R. La Monica, CNN Business For some time, many investing experts have been predicting there will be a shift away from big tech towards value…
Continue ReadingBy Matt Egan, CNN Business The Federal Reserve is likely to raise interest rates four times this year in response to high inflation and low…
Continue ReadingBy Peter Valdes-Dapena, CNN Business Americans may be feeling uneasy about the economy, but if sales of ultra-luxury cars are any indication, the…
Continue ReadingBy Paul R. La Monica, CNN Business Zynga, the mobile game developer known for hits like FarmVille, Words With Friends and a popular Texas…
Continue ReadingOpinion by Glenn Kelman for CNN Business Perspectives The Build Back Better bill, if it ever comes to pass, now seems unlikely to include any major…
Continue ReadingBy Jordan Valinsky, CNN Business Basically every fast food chain has a spicy sandwich on sale, but Arby’s version is so hot that it includes a…
Continue ReadingBy Danielle Wiener-Bronner, CNN Business Goldfish is growing up. Pepperidge Farm, which makes the crackers, is rolling out a new line of snacks…
Continue ReadingBy Julia Horowitz, CNN Business Looming interest rate hikes are slamming US tech stocks, which dropped sharply last week as investors reassessed how…
Continue ReadingBy Julia Horowitz, CNN Business Looming interest rate hikes are slamming US tech stocks, which dropped sharply last week as investors reassessed how…
Continue ReadingBy Jordan Valinsky, CNN Business Savannah Guthrie, host of NBC’s morning show ‘Today,’ announced Monday that she has Covid-19 —…
Continue ReadingBy Charles Riley, CNN Business The UK government is coming under mounting pressure to increase taxes on oil and gas companies, including BP and…
Continue ReadingBy Allison Morrow, CNN Business No one likes paying more for stuff. That’s why inflation, especially the sharp price increases we’ve seen…
Continue ReadingBy Michelle Toh, CNN Business Asia’s biggest billionaire, Mukesh Ambani, has snapped up a controlling stake in the Mandarin Oriental in New…
Continue ReadingBy Laura He, CNN Business China’s largest private education provider laid off 60,000 employees last year as it grappled with fallout from…
Continue ReadingBy Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
Continue ReadingBy Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
Continue ReadingBy Ramishah Maruf, CNN Business There are difficult bosses. Then there are bosses who dump over 500 pounds of greasy pennies onto an…
Continue ReadingBy Ramishah Maruf, CNN Business Katie Harbath worked for 10 years inside Facebook, where she was most recently the company’s public policy…
Continue ReadingBy Ramishah Maruf, CNN Business Katie Harbath worked for 10 years inside Facebook, where she was most recently the company’s public policy…
Continue ReadingBy Allison Morrow, CNN Business Confused about inflation? You’re not alone. Inflation is, paradoxically, both incredibly simple to understand…
Continue ReadingBy Allison Morrow, CNN Business Confused about inflation? You’re not alone. Inflation is, paradoxically, both incredibly simple to understand…
Continue ReadingBy Paul R. La Monica, CNN Business The prospect of higher interest rates this year is spooking investors in tech stocks and other high growth…
Continue ReadingBy Ramishah Maruf, CNN Business Wonder what those green and yellow tiles all over your social media feeds are? It’s Wordle, a new no-frills…
Continue ReadingBy Nathaniel Meyersohn, CNN Business Looking to buy Nike sneakers, Adidas sweats, Crocs clogs, Polo shirts or Canada Goose parkas? You’re…
Continue ReadingBy Ramishah Maruf, CNN Business Amazon is shortening its Covid-19 isolation policy to seven days from 10, for a total of up to 40 hours of paid…
Continue ReadingBy Frank Pallotta, CNN Business In a turbulent year when the pandemic continued to upend the business of movie-going and streaming blockbusters at…
Continue ReadingBy Ramishah Maruf, CNN Business The calendar changed, but the roller coaster ride for GameStop’s stock continues. GameStop shares jumped as…
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