Money Archives

How M&M’s is making the most of its spokescandies controversy

January 25, 2023 11:22 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Over the past year, M&M’s has been the subject of Fox News tirades and criticism from a small segment of…

New York Stock Exchange blames ‘manual error’ for trading glitch

January 25, 2023 10:28 AM CNN Newsource

By Nicole Goodkind, CNN New York Stock Exchange officials said Wednesday that a “manual error” was responsible for the massive price…

3 most common Small Business Administration loans—and which type might be good for your business

January 20, 2023 11:41 PM Stacker

Ruby compared the top three loan programs for small businesses using information from SBA, Congressional Research Service, and other industry…

How quit rates vary by company size

January 20, 2023 11:41 PM Stacker

Sana analyzed Bureau of Labor Statistics data about company quit rates to see what size firms have been harder hit by the Great…

Contests, crowdfunding, and other ways to finance a small business without a bank loan

January 23, 2023 11:41 PM Stacker

In 2021, 1 in 3 small businesses looked for financing. Growthink used government and news sources to compile 10 alternatives to bank…

How America’s small businesses are handling pay raises in a competitive job market

January 24, 2023 11:41 PM Stacker

In this competitive job market, how are small businesses handling pay raises? Swyft Filings compiled data on independent businesses to find…

Here’s how many households spend over half their income on rent in every state

January 24, 2023 11:41 PM Stacker

Stacker examined 2021 Census Bureau data to find how many renters in each state spend more than half their income on…

Is tipping getting out of control? Many consumers say yes

January 23, 2023 8:07 AM Associated Press

By HALELUYA HADERO AP Business Writer NEW YORK (AP) — Across the country, there’s a silent frustration brewing over the ever-presence of tipping.…

Here’s what Boeing blames for its big loss

January 25, 2023 5:42 AM CNN Newsource

By Chris Isidore, CNN Boeing reported a $650 million operating loss in the fourth quarter, surprising Wall Street analysts who had expected the…

Want to avoid debt ceiling fallout? Invest in foreign stocks

January 25, 2023 6:18 AM CNN

By Nicole Goodkind and Paul R. La Monica, CNN The US could be approaching a 2011-style debt ceiling market meltdown, but worried investors…

Winter storm cancels hundreds of US flights, with Southwest again hit hardest

January 25, 2023 9:09 AM CNN Newsource

By Chris Isidore, CNN Bad weather canceled hundreds of flights on Wednesday, with Southwest Airlines once again hit particularly hard. As of 10:30 am…

Amazon warehouse workers walk out in first UK strike

January 25, 2023 7:51 AM CNN Newsource

By Julia Horowitz, CNN Amazon workers at a warehouse in central England went on strike Wednesday, the first time employees of the US tech giant have…

Biden’s top economist is stepping down. See the list of contenders to replace him

January 25, 2023 6:31 AM CNN Newsource

By Matt Egan and Phil Mattingly, CNN The White House is considering a number of senior officials in the federal government to replace top economist…

Want to avoid debt ceiling fallout? Invest in foreign stocks

January 25, 2023 6:18 AM CNN Newsource

By Nicole Goodkind and Paul R. La Monica, CNN The US could be approaching a 2011-style debt ceiling market meltdown, but worried investors…

Asia’s richest man considers legal action over short seller’s ‘baseless’ fraud claims

January 25, 2023 6:18 AM CNN Newsource

By Diksha Madhok, CNN India’s Adani Group has denounced allegations of fraud made by Hindenburg Research as “baseless” and a…

Next up for Elon Musk: Crucial Tesla earnings and outlook

January 25, 2023 3:27 AM CNN Newsource

By Chris Isidore, CNN Tesla is expected to report record earnings after the bell Wednesday, but it might not be enough to satisfy anxious investors.…

Rupert Murdoch abandons plan to recombine Fox and News Corp

January 24, 2023 3:25 PM CNN Newsource

By Oliver Darcy, CNN Rupert Murdoch has abandoned plans to combine Fox Corporation and News Corporation, a move that would have reunited his…

Microsoft quarterly profit falls 12% but cloud computing business shows strength

January 24, 2023 3:22 PM CNN Newsource

By Catherine Thorbecke, CNN Microsoft on Tuesday posted weaker-than-expected revenue and a double-digit percentage drop in profit for the final three…

Ticketmaster gets grilled: 6 takeaways from hearing over Taylor Swift concert fiasco

January 24, 2023 1:06 PM CNN

By Samantha Murphy Kelly, CNN Business Lawmakers grilled a top executive of Ticketmaster’s parent company, Live Nation Entertainment, on…

Ticketmaster gets grilled: 6 takeaways from hearing over Taylor Swift concert fiasco

January 24, 2023 1:06 PM CNN Newsource

By Samantha Murphy Kelly, CNN Business Lawmakers grilled a top executive of Ticketmaster’s parent company, Live Nation Entertainment, on…

Major railroad posts record earnings, spends more on share repurchases than on its employees

January 24, 2023 12:32 PM CNN Newsource

By Chris Isidore, CNN Union Pacific, one of the major freight railroads that successfully fought off union demands for paid sick days for workers…

Justin Bieber sells his music catalog

January 24, 2023 12:00 PM CNN Newsource

By Oliver Darcy, CNN Justin Bieber has sold the rights to his publishing and artist royalties from his song catalog, adding himself to a growing list…

DOJ sues Google over its dominance in online advertising market

January 24, 2023 10:56 AM CNN Newsource

By Brian Fung, CNN The Justice Department and eight states sued Google on Tuesday, accusing the company of harming competition with its dominance in…

Europe could dodge a recession. But the UK is in a mess

January 24, 2023 6:08 AM CNN Newsource

By Hanna Ziady, CNN Business activity across the 20 countries that use the euro expanded in January for the first time in six months, according to…

America’s biggest banks are taking on Apple Pay and PayPal

January 24, 2023 7:36 AM CNN Newsource

By Chris Isidore, CNN Business America’s largest banks announced plans Tuesday for an electronic wallet that will take aim at Apple Pay and…

Amazon launches $5-a-month unlimited prescription plan

January 24, 2023 7:51 AM CNN Newsource

By Nathaniel Meyersohn, CNN Amazon is expanding its push into healthcare with a $5 monthly unlimited delivery pass on 60 common generic prescription…

There’s actually a presale for Oreo’s newest flavor

January 24, 2023 8:09 AM CNN Newsource

By Danielle Wiener-Bronner, CNN In the past, Oreo has partnered with Lady Gaga, Pokémon and Ritz on new limited-time flavors. Now, it’s…

This guy made $150,000 a day, because Corporate America is out of control

January 23, 2023 6:14 PM CNN

By Allison Morrow, CNN Reporters often joke that journalists are going to the “dark side” when they go into PR. After reading about Geoff…

Tesla CEO Elon Musk returned to the witness stand for a third day in a California court room Tuesday.

Elon Musk is back on the stand in trial over controversial ‘funding secured’ tweet

January 24, 2023 10:21 AM CNN Newsource

By Matt McFarland, CNN Business Tesla CEO Elon Musk returned to the witness stand for a third day in a California court room Tuesday, as he testified…

Elon Musk is back on the stand in trial over controversial ‘funding secured’ tweet

January 24, 2023 10:02 AM CNN

By Matt McFarland, CNN Business Tesla CEO Elon Musk returned to the witness stand for a third day in a California court room Tuesday, as he testified…

America’s largest private employer just hiked wages

January 24, 2023 9:49 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Walmart, America’s largest private employer, said Tuesday that it will raise its minimum wage from $12 to…

Washington Post lays off 20 newsroom employees, shuts down gaming section

January 24, 2023 9:33 AM CNN Newsource

By Oliver Darcy, CNN Business The Washington Post on Tuesday became the latest media company to conduct layoffs, cutting 20 roles in a move that…

New York Stock Exchange investigates ‘technical issue’ that briefly halted some trading

January 24, 2023 8:28 AM CNN Newsource

By Nicole Goodkind, CNN The New York Stock Exchange experienced a technical issue Tuesday morning that led to a brief trading halt for dozens of…

Tech earnings could wreck Wall Street’s party

January 24, 2023 5:44 AM CNN Newsource

By Nicole Goodkind, CNN Big Tech earnings are here, and investors are hoping they don’t wreck the good vibes on Wall Street. Markets are coming…

Live Nation exec faces lawmakers about Taylor Swift concert tickets fiasco

January 24, 2023 4:27 AM CNN Newsource

By Parija Kavilanz and Samantha Murphy Kelly, CNN Lawmakers grilled a top executive from Ticketmaster’s parent company after the…

‘I cried all night’: Millions of Chinese lose access to ‘World of Warcraft’ and other hit games

January 24, 2023 2:04 AM CNN Newsource

By Michelle Toh and CNN’s Beijing bureau Millions of players in China have lost access to the iconic “World of Warcraft” franchise…

This guy made $150,000 a day, because Corporate America is out of control

January 23, 2023 6:14 PM CNN Newsource

By Allison Morrow, CNN Reporters often joke that journalists are going to the “dark side” when they go into PR. After reading about Geoff…

UK’s Crown Estate sues Twitter over alleged non-payment of rent in London offices

January 23, 2023 5:27 PM CNN Newsource

By Lauren Kent and Amy Cassidy, CNN The Crown Estate, a British commercial property portfolio historically belonging to the monarch, began court…

Chase closes some New York ATMs early because of ‘rising crime’

January 23, 2023 3:06 PM CNN Newsource

By Ramishah Maruf, CNN Citing “rising crime and vagrancy,” Chase Bank has shuttered 24-hour access to some of its New York ATMs. Select…

A burger chain switches to Coca-Cola. Pepsi fans are furious

January 21, 2023 2:08 PM CNN Newsource

By Ramishah Maruf, CNN Frozen custard and burger chain Culver’s is switching from Pepsi products to Coca-Cola — and Pepsi fans are not…

More layoffs are on the way, survey of business economists finds

January 13, 2023 11:48 AM CNN

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…

Maya Rudolph is the new face of M&M’S. Polarizing spokescandies are taking a ‘pause’

January 23, 2023 11:11 AM CNN Newsource

By Danielle Wiener-Bronner, CNN After causing outrage by making over the Green M&M and launching a special bag featuring its new Purple…

Disney exec made 6 figures a day for the 3 months he worked there

January 23, 2023 12:50 PM CNN Newsource

By Chris Isidore, CNN Few top executives have ever failed in a job so quickly — or so lucratively — as Geoff Morrell. He became Disney’s…

Argentina and Brazil are discussing a common currency. Don’t hold your breath

January 23, 2023 12:40 PM CNN Newsource

By Julia Horowitz and Mia Alberti, CNN The two biggest economies in South America are starting talks to create a common currency. Analysts are…

The Washington Post is not for sale, owner Jeff Bezos and the newspaper say

January 23, 2023 12:22 PM CNN Newsource

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…

Economic barometer warns that a US recession could come soon

January 23, 2023 8:14 AM CNN Newsource

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…

Spotify to cut 6% of its workforce

January 23, 2023 5:49 AM CNN Newsource

By Hanna Ziady, CNN Spotify said Monday that it will cut 6% of its workforce to reduce costs, joining tech companies including Amazon and Microsoft…

Greatest trade ever? Citadel’s $16 billion haul smashes hedge fund records

January 23, 2023 6:34 AM CNN Newsource

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.…

Retailers are tripping over themselves for Millennial and Gen Z shoppers. But not this one

January 21, 2023 7:35 AM CNN Newsource

By Parija Kavilanz, CNN Most retailers are tripping over themselves to stay relevant by courting younger Millennial and Gen Z shoppers. Not…

Here are some of the companies that have laid off employees this year — so far

January 21, 2023 3:43 PM CNN Newsource

By Ramishah Maruf, CNN Just this week, Alphabet, Google’s parent company, Microsoft and Vox Media announced layoffs that will affect more than…

Shopping carts keep disappearing from stores

January 21, 2023 4:52 AM CNN Newsource

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…

Did the economy end 2022 with a bang or a whimper?

January 22, 2023 5:16 AM CNN Newsource

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…

Here’s what will happen to the economy as the debt ceiling drama deepens

January 22, 2023 6:54 AM CNN

By Alicia Wallace, CNN After the United States hit its debt ceiling on Thursday, the Treasury Department is now undertaking “extraordinary…

Your tax refund may be smaller this year. Here’s why

January 22, 2023 3:03 AM CNN Newsource

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…

‘420 price was not a joke.’ Elon Musk testifies again in trial over controversial tweet

January 23, 2023 10:28 AM CNN Newsource

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…

More layoffs are on the way, survey of business economists finds

January 23, 2023 10:24 AM CNN Newsource

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…

File Idaho income tax returns starting Jan. 23

January 21, 2023 10:00 AM News Team

The Idaho State Tax Commission starts processing 2022 Idaho individual income tax returns on Monday,…

Microsoft confirms it’s investing billions in the creator of ChatGPT

January 23, 2023 7:45 AM CNN Newsource

By Samantha Murphy Kelly, CNN Business Microsoft on Monday confirmed it is making a “multibillion dollar” investment in OpenAI, the…

Salesforce under siege from top activist hedge fund

January 23, 2023 7:39 AM CNN Newsource

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…

Exclusive: Natural Light is tapping into nostalgia with its new can design

January 23, 2023 6:19 AM CNN Newsource

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…

ESG beat Wall Street in one important way last year

January 23, 2023 6:15 AM CNN Newsource

By Nicole Goodkind, CNN ESG funds — investments that evaluate companies using environmental, social and governance factors — just survived a…

Asia’s richest man Gautam Adani is addicted to ChatGPT

January 23, 2023 3:54 AM CNN Newsource

By Diksha Madhok, CNN Asia’s richest man Gautam Adani says he is addicted to ChatGPT, the powerful new AI tool that interacts with users in an…

Nearly 220 million people in Pakistan without power after countrywide outage

January 22, 2023 10:22 PM CNN Newsource

By Sophia Saifi, Azaz Syed and Rhea Mogul, CNN A nationwide power outage in Pakistan left nearly 220 million people without electricity on Monday,…

Here’s what will happen to the economy as the debt ceiling drama deepens

January 22, 2023 6:54 AM CNN Newsource

By Alicia Wallace, CNN After the United States hit its debt ceiling on Thursday, the Treasury Department is now undertaking “extraordinary…

How Big Tech’s pandemic bubble burst

January 22, 2023 6:11 AM CNN Newsource

By Clare Duffy, CNN In January 2021, Microsoft CEO Satya Nadella spoke in lofty terms about how the first year of the pandemic had sparked a…

This ‘Cryptoqueen’ scammed investors out of $4 billion, the FBI says. Then she boarded a plane and disappeared

January 22, 2023 2:05 AM CNN

By Faith Karimi, CNN Ruja Ignatova strode onto the stage in a flowing burgundy ball gown adorned with black sparkles. Beams of light flashed,…

This ‘Cryptoqueen’ scammed investors out of $4 billion, the FBI says. Then she boarded a plane and disappeared

January 22, 2023 2:05 AM CNN Newsource

By Faith Karimi, CNN Ruja Ignatova strode onto the stage in a flowing burgundy ball gown adorned with black sparkles. Beams of light flashed,…

Egg shortage sends New Zealanders rushing to buy their own hens

January 20, 2023 9:02 PM CNN Newsource

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…

Regal Cinemas is closing 39 more movie theaters. See the list

January 20, 2023 7:22 AM CNN Newsource

By Jordan Valinsky, CNN Regal Cinemas is closing 39 more movie theaters across the United States. The decision comes four months after its parent…

Elon Musk takes the stand in class-action lawsuit over controversial tweet

January 20, 2023 3:04 PM CNN Newsource

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…

Elizabeth Holmes made an ‘attempt to flee the country’ after her conviction, prosecutors say

January 20, 2023 2:52 PM CNN Newsource

By Catherine Thorbecke, CNN Elizabeth Holmes made an “attempt to flee the country” by booking a one-way ticket to Mexico departing in…

FTC calls on federal court to hold ‘pharma bro’ Martin Shkreli in contempt

January 20, 2023 1:28 PM CNN Newsource

By Brian Fung, CNN The Federal Trade Commission on Friday called for a federal court to hold “Pharma Bro” Martin Shkreli in contempt…

Southwest pilots, others to get bonus pay for working during meltdown

January 20, 2023 12:46 PM CNN Newsource

By Chris Isidore, CNN Southwest Airlines has agreed to pay its pilots an estimated $45 million in bonus “gratitude pay” for working…

Judge in FTX bankruptcy case rejects motion to remove elite NYC lawyers

January 20, 2023 12:31 PM CNN Newsource

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…

After a historic first mission, what does the future hold for this controversial rocket?

January 20, 2023 12:08 PM CNN Newsource

By Jackie Wattles, CNN In the fervor-filled days leading up to the November 16 launch of the long-awaited Artemis I mission, an uncrewed trip around…

Uber wants its future to have three-wheeled cars, face-to-face seats

January 19, 2023 12:59 PM CNN Newsource

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…

FAA says unintentionally deleted files are to blame for nationwide ground stop

January 19, 2023 7:37 PM CNN Newsource

By Brian Rokus, CNN A contractor working for the Federal Aviation Administration unintentionally deleted files related to a key pilot safety system,…

Home prices hit a record high last year

January 20, 2023 8:00 AM CNN Newsource

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…

37 million T-Mobile customers were hacked

January 19, 2023 3:53 PM CNN Newsource

By David Goldman, CNN T-Mobile said a “bad actor” accessed personal data from 37 million current customers in a November data breach. In…

Union ranks had a very good 2022. It’s not for the reason you think

January 20, 2023 4:29 AM CNN Newsource

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…

Global interest rate hikes are ‘yet to bite,’ says IMF head

January 20, 2023 7:01 AM CNN Newsource

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…

Vox Media to lay off 7% of workforce

January 20, 2023 9:07 AM CNN Newsource

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%…

This Chinese billionaire has lost over 90% of his fortune

January 19, 2023 10:13 PM CNN Newsource

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…

Who is Shou Zi Chew? Mounting scrutiny on TikTok could put new spotlight on its CEO

January 20, 2023 9:48 AM CNN Newsource

By Catherine Thorbecke, CNN When TikTok was the title sponsor last summer for Vidcon, an annual convention for the creators and brands that make up a…

Who is Shou Zi Chew? Mounting scrutiny on TikTok could put new spotlight on its CEO

January 20, 2023 9:48 AM CNN

By Catherine Thorbecke, CNN When TikTok was the title sponsor last summer for Vidcon, an annual convention for the creators and brands that make up a…

He became a meme at age 9. A decade later, this college football player has the last laugh: a deal with Popeyes

January 20, 2023 7:27 AM CNN Newsource

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…

Apple and Google’s app stores wield ‘gatekeeper’ power and should be reined in, Commerce Department says

January 20, 2023 7:07 AM CNN

By Brian Fung, CNN The Biden administration on Wednesday took its biggest swipe yet at app stores run by Apple and Google, with a new report accusing…

Meta, Twitter, Microsoft and others urge Supreme Court not to allow lawsuits against tech algorithms

January 20, 2023 7:07 AM CNN Newsource

By Brian Fung, CNN A wide range of businesses, internet users, academics and even human rights experts defended Big Tech’s liability shield…

What we learned at Davos: The economy is a mess, but there’s still hope

January 20, 2023 5:50 AM CNN Newsource

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…

Google-parent Alphabet is cutting 12,000 jobs

January 20, 2023 4:29 AM CNN Newsource

By Clare Duffy, CNN Google parent Alphabet is eliminating about 12,000 jobs, or 6% of its workforce, the company said Friday, in the latest cuts to…

From the Emirates to Davos: South Korea’s big week in global business

January 20, 2023 12:26 AM CNN Newsource

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…

Boeing ordered to appear in court next week on fraud conspiracy charge

January 19, 2023 9:27 PM CNN Newsource

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…

FTX founder says there was a security incident at parents’ home

January 19, 2023 8:12 PM CNN Newsource

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…

Netflix founder Reed Hastings stepping down as co-CEO

January 19, 2023 2:38 PM CNN Newsource

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…

Cloudflare says White House asked tech firm to bypass Iran censorship, but US sanctions got in the way

January 19, 2023 1:46 PM CNN Newsource

By Sean Lyngaas, CNN A senior White House official asked US tech company Cloudflare to help circumvent internet censorship in Iran after protests…

Cloudflare says White House asked tech firm to bypass Iran censorship, but US sanctions got in the way

January 19, 2023 1:46 PM CNN

By Sean Lyngaas, CNN A senior White House official asked US tech company Cloudflare to help circumvent internet censorship in Iran after protests…

Top Fed official: Inflation is easing, but our work isn’t done

January 19, 2023 1:29 PM CNN Newsource

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…

Wall Street Journal: WWE’s Vince McMahon settles with ex-employee who accused him of rape

January 19, 2023 1:23 PM CNN Newsource

By Jordan Valinsky, CNN World Wrestling Entertainment executive chairman Vince McMahon has agreed to another multimillion-dollar legal settlement…

ChatGPT isn’t coming. It’s here

January 19, 2023 11:46 AM CNN Newsource

By Julia Horowitz, CNN Jeff Maggioncalda, the CEO of online learning provider Coursera, said that when he first tried ChatGPT, he was…

Why Egypt is asking its people to eat chicken feet

January 18, 2023 8:34 AM CNN Newsource

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…