Money Archives

Bad news for the economy is now bad news on Wall Street

January 19, 2023 9:10 AM CNN Newsource

By Paul R. La Monica, CNN The market is bracing for a perfect storm of bad news. The latest worry? The impending debt ceiling drama in Washington.…

Bud Light and Budweiser are getting a makeovers at this year’s Super Bowl

January 19, 2023 5:05 AM CNN Newsource

By Jordan Valinsky, CNN Anheuser-Busch may no longer be the only alcohol brand to advertise at the Super Bowl, but it will still have a major…

Teachers are adapting to concerns about a powerful new AI tool

January 19, 2023 5:29 AM CNN

By Samantha Murphy Kelly, CNN Business When Kristen Asplin heard about a powerful new AI chatbot tool called ChatGPT going viral online recently with…

Amazon axes its charity donation program

January 19, 2023 5:54 AM CNN Newsource

By Jordan Valinsky, CNN Amazon is shutting down its “Smile” charity donation program as the company cuts costs and rethinks its strategy.…

How investors are preparing for a debt ceiling standoff

January 19, 2023 5:55 AM CNN Newsource

By Nicole Goodkind, CNN Business The US government is set to hit its self-imposed borrowing limit today and both Wall Street and Washington are…

Taco Bell is bringing back a fan-favorite menu item

January 19, 2023 6:00 AM CNN Newsource

By Jordan Valinsky, CNN Taco Bell is bringing back a fan-favorite menu item, but you have to act fast. Crispy chicken wings are back for a limited…

Most new car buyers are now paying less than sticker price

January 19, 2023 6:28 AM CNN

By Chris Isidore, CNN Americans can once again buy cars for less than sticker price. But that doesn’t mean they’re finding bargains at…

Jobless claims drop to 190,000 as labor market remains tight

January 19, 2023 6:39 AM CNN Newsource

By Alicia Wallace, CNN The number of first-time claims for unemployment insurance fell unexpectedly to 190,000 for the week ending January 14,…

US hits debt ceiling, prompting Treasury to take extraordinary measures

January 19, 2023 6:48 AM CNN Newsource

By Tami Luhby, CNN The US hit the debt ceiling set by Congress on Thursday, forcing the Treasury Department to start taking extraordinary measures to…

New home construction in the US fell in December

January 19, 2023 7:03 AM CNN Newsource

By Anna Bahney, CNN US home building fell in December, as the housing market continued to slow. December housing starts, a measure of new home…

Instagram rolls out ‘quiet mode’ for when users want to focus

January 19, 2023 7:05 AM CNN Newsource

By Samantha Murphy Kelly, CNN Business Instagram on Thursday announced a new feature called “quiet mode,” which aims to help users focus…

Marvel movies are returning to China after almost four years

January 19, 2023 1:04 AM CNN Newsource

By Michelle Toh, CNN China has reopened its doors to Disney’s Marvel Studios for the first time in almost four years, with two new film…

Mortgage rates fall to levels last seen in September

January 19, 2023 10:24 AM CNN Newsource

By Anna Bahney, CNN Mortgage rates fell this week as economic data showed inflation is fading. The 30-year fixed-rate mortgage averaged 6.15% in the…

Resale value of Gucci, Chanel, Louis Vuitton handbags is falling

January 19, 2023 7:26 AM CNN Newsource

By Parija Kavilanz, CNN Consumers, spooked by accelerating job cuts, looming recession fears and continuing high prices for goods and services in…

Most new car buyers are now paying less than sticker price

January 19, 2023 6:28 AM CNN Newsource

By Chris Isidore, CNN Americans can once again buy cars for less than sticker price. But that doesn’t mean they’re finding bargains at…

Teachers are adapting to concerns about a powerful new AI tool

January 19, 2023 5:29 AM CNN Newsource

By Samantha Murphy Kelly, CNN Business When Kristen Asplin heard about a powerful new AI chatbot tool called ChatGPT going viral online recently with…

India flexes its muscle at Davos as China’s star fades

January 19, 2023 4:56 AM CNN Newsource

By Julia Horowitz, CNN The promenade at the World Economic Forum, dusted in a blanket of fresh snow, is cluttered with signs and pavilions from…

Striking French workers lead 1 million people in protest over plans to raise retirement age

January 19, 2023 3:47 AM CNN Newsource

By Joseph Ataman, Marguerite Lacroix and Hanna Ziady, CNN Strikes disrupted train services, flights, schools and businesses in France on Thursday as…

Billionaires once united in visionary project now feuding over claims of ‘inexperienced management’

January 18, 2023 9:25 PM CNN Newsource

By Hilary Whiteman, CNN A dispute between two billionaires once united in a visionary project to send power from Australia to Singapore through the…

Human error more likely in JFK near collision after alert system failure ruled out

January 18, 2023 4:32 PM CNN Newsource

By Pete Muntean, CNN A source familiar with the near-collision of two airliners on a John F. Kennedy International Airport runway tells CNN that…

FEC dismisses RNC complaint that Google’s spam filters were biased against conservatives

January 18, 2023 2:39 PM CNN Newsource

By Brian Fung, CNN The Federal Election Commission has tossed out claims by the Republican National Committee that Google’s spam filters in…

US Labor Department accuses Amazon of failing to keep warehouse workers safe

January 18, 2023 2:12 PM CNN Newsource

By Catherine Thorbecke, CNN Amazon has been accused by federal safety regulators of failing to keep warehouse workers safe from workplace hazards at…

Retail sales continued to fall in December as shoppers battled inflation

January 18, 2023 7:33 AM CNN Newsource

By Alicia Wallace, CNN It was a ho-hum end to 2022 for spending in America. US retail sales continued their fall in December, dropping by 1.1% as…

Home builder confidence rises for the first time in a year

January 18, 2023 9:40 AM CNN Newsource

By Anna Bahney, CNN A modest drop in mortgage rates over the past month has helped home builder confidence improve in January, after 12 consecutive…

Wholesale prices show inflation continued to fall in December

January 18, 2023 6:33 AM CNN Newsource

By Chris Isidore, CNN Wholesale price growth cooled off significantly in December, the Bureau of Labor Statistics reported Wednesday, indicating that…

Feds arrest Russian crypto operator on suspicion of criminal activities

January 18, 2023 10:29 AM CNN Newsource

By Sean Lyngaas, CNN US authorities arrested a Russian cryptocurrency executive who allegedly oversaw the exchange of hundreds of millions of dollars…

IBM and SAP are cutting thousands of jobs

January 18, 2023 3:44 AM CNN

By Michelle Toh and Hanna Ziady, CNN IBM and SAP are the latest tech companies to slash thousands of jobs, as they reorganize businesses and profits…

Shopping carts keep disappearing from stores

January 18, 2023 5:13 AM CNN

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…

Stores say shoplifting is a national crisis. The numbers don’t back it up

January 18, 2023 5:13 AM CNN Newsource

By Nathaniel Meyersohn, CNN The masked thief rode into a Walgreens in San Francico on a bicycle, pedaled to an aisle in the health and wellness…

The Federal Reserve is testing how climate change could hurt big banks

January 18, 2023 5:34 AM CNN Newsource

By Nicole Goodkind, CNN The largest six banks in the United States have been given until July to show the Federal Reserve what effects disastrous…

America’s largest party supply store files for bankruptcy

January 18, 2023 7:23 AM CNN Newsource

By Nathaniel Meyersohn, CNN Party City filed for bankruptcy protection Tuesday, weighed down by competition and years of financial losses. The…

Wall Street’s biggest WFH advocate is bringing underperforming staff back into the office

January 18, 2023 9:13 AM CNN Newsource

By Allison Morrow, CNN When Jane Fraser became CEO of Citigroup nearly two years ago, in the middle of the pandemic, she established the kind of…

Southwest pilots union cites Christmas meltdown in call for a strike vote

January 18, 2023 8:43 AM CNN Newsource

By Greg Wallace The union representing Southwest Airlines pilots is taking early steps toward a possible strike, citing the airline’s Christmas…

University of Texas at Austin blocks TikTok from its IT network

January 18, 2023 8:04 AM CNN

By Brian Fung, CNN The University of Texas at Austin blocked TikTok from its IT network on Wednesday under an earlier order by Gov. Greg Abbott…

University of Texas at Austin blocks TikTok from its IT network

January 18, 2023 8:04 AM CNN Newsource

By Brian Fung, CNN The University of Texas at Austin blocked TikTok from its IT network on Wednesday under an earlier order by Gov. Greg Abbott…

Trump campaign has asked Meta to unblock the former president’s Facebook account

January 18, 2023 7:56 AM CNN Newsource

By Kristen Holmes, CNN Former President Trump’s campaign sent a letter to Facebook’s parent company, Meta, Tuesday petitioning them to…

Trump campaign has asked Meta to unblock the former president’s Facebook account

January 18, 2023 7:56 AM CNN

By Kristen Holmes, CNN Former President Trump’s campaign sent a letter to Facebook’s parent company, Meta, Tuesday petitioning them to…

Davos conspiracy theories used to live on fringe corners of the internet. Now they’ve gone mainstream

January 18, 2023 7:15 AM CNN Newsource

By Oliver Darcy, CNN Business The World Economic Forum’s annual meeting at Davos has long been a lightning rod for conspiracy theories.…

Davos conspiracy theories used to live on fringe corners of the internet. Now they’ve gone mainstream

January 18, 2023 7:15 AM CNN

By Oliver Darcy, CNN Business The World Economic Forum’s annual meeting at Davos has long been a lightning rod for conspiracy theories.…

Global oil demand could hit record high as China reopens

January 18, 2023 4:54 AM CNN Newsource

By Anna Cooban, CNN Global oil demand is expected to hit its highest-ever level this year on the back of China’s swift reopening of its…

Microsoft is laying off 10,000 employees

January 18, 2023 3:44 AM CNN Newsource

By Catherine Thorbecke and Hanna Ziady, CNN Microsoft plans to lay off 10,000 employees as part of broader cost-cutting measures, the company said in…

‘Inconsistent with human survival’: UN chief slams fossil fuel industry expansion in Davos speech

January 18, 2023 3:32 AM CNN Newsource

By Ivana Kottasová, CNN The UN Secretary General has accused fossil fuel producers and their financial backers of “racing to expand…

Macao gambling promoter Alvin Chau sentenced to 18 years – public broadcaster

January 18, 2023 3:18 AM CNN Newsource

Philip Wang Alvin Chau, one of Macao’s high-profile gambling promoters, has been sentenced to 18 years in prison for racketeering and illegal…

South Africa’s energy crisis deepens as blackouts hit 12 hours a day

January 18, 2023 1:57 AM CNN Newsource

By Hanna Ziady, CNN South Africa’s President Cyril Ramaphosa was forced this week to cancel a trip to Davos by an escalating energy crisis that…

Women living in states with abortion bans suffer greater economic insecurity

January 17, 2023 10:06 PM CNN Newsource

By Vanessa Yurkevich, CNN Women living in states that restrict or ban abortion face greater economic insecurity than those living in states where…

Women living in states with abortion bans suffer greater economic insecurity

January 17, 2023 10:06 PM CNN

By Vanessa Yurkevich, CNN Women living in states that restrict or ban abortion face greater economic insecurity than those living in states where…

Yen falls after Bank of Japan maintains ultra-easy policy

January 17, 2023 9:22 PM CNN Newsource

By Laura He, CNN The yen plunged on Wednesday after the Bank of Japan decided to maintain its ultra-easy monetary policy, defying market expectations…

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

January 17, 2023 2:41 PM CNN

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…

Regulators conducting interviews in JFK airport near-crash probe

January 17, 2023 2:00 PM CNN Newsource

By Pete Muntean and Gregory Wallace, CNN Investigators are probing the narrowly avoided catastrophic collision between two airliners at New…

Tesla reports record earnings but tighter profit margins

January 17, 2023 1:44 PM CNN

By Chris Isidore, CNN Tesla reported record profits for the fourth quarter and the full year, but its profit margins were tighter due to higher…

Tesla-induced pileup involved driver-assist tech, government data reveals

January 17, 2023 1:44 PM CNN Newsource

By Matt McFarland, CNN Business The Tesla Model S that braked sharply and triggered an eight-car crash in San Francisco in November had the…

Getty Images suing the makers of popular AI art tool for allegedly stealing photos

January 17, 2023 12:48 PM CNN Newsource

By Jennifer Korn Getty Images announced a lawsuit against Stability AI, the company behind popular AI art tool Stable Diffusion, alleging the tech…

Ousted Disney CEO Bob Chapek will get $20 million exit pay

January 17, 2023 12:48 PM CNN Newsource

By Jordan Valinsky, CNN Ousted Disney chief executive Bob Chapek is set to receive a hefty paycheck following his exit. The Walt Disney Company said…

Tesla video promoting self-driving was staged, engineer testifies

January 17, 2023 12:34 PM CNN Newsource

By Reuters A 2016 video that Tesla (TSLA) used to promote its self-driving technology was staged to show capabilities like stopping at a red light…

Elon Musk is being sued over his ‘funding secured’ tweet. Here’s what you need to know

January 17, 2023 11:19 AM CNN Newsource

By Chris Isidore, CNN A four-year old tweet from Elon Musk has the Tesla CEO back in court starting Tuesday. Musk, Tesla and other Tesla directors…

Intel CEO: Chip supply chains will shape geopolitics more than oil over the next 50 years

January 17, 2023 10:30 AM CNN Newsource

By Clare Duffy, CNN Global politics will be dominated by the availability, trade and investment in microchips for the next several decades, Intel CEO…

No recession after all? Business leaders are more hopeful as China reopens

January 17, 2023 10:02 AM CNN Newsource

By Julia Horowitz, CNN Bullishness about the global economy has been in short supply among business leaders in recent months, with fears of recession…

Americans are already starting to pull back on their spending, survey shows

January 17, 2023 9:51 AM CNN Newsource

By Alicia Wallace, CNN Americans have already started to rein in their spending — and expect to pull back some more this year, according to a…

India is set to become the world’s most populous country. Can it create enough jobs?

January 17, 2023 4:33 AM CNN Newsource

By Diksha Madhok, CNN India will overtake China this year to become the world’s most populous country. The likelihood of India passing that…

A lot of people hide their cancer diagnosis from their bosses. These companies aim to change that

January 17, 2023 5:01 AM CNN Newsource

By Jeanne Sahadi, CNN After having surgery to remove a small cancerous tumor from his neck last year, Publicis Groupe CEO Arthur Sadoun decided to…

The world has a major debt problem. Is a reset coming?

January 17, 2023 5:37 AM CNN

By Nicole Goodkind, CNN Business The world is in debt. A record amount of debt. Three hundred trillion dollars, to be exact. That’s the total…

The Chevrolet Corvette E-Ray is the first-ever hybrid Corvette

January 17, 2023 7:11 AM CNN

By Peter Valdes-Dapena, CNN Exactly 70 years after the very first Chevrolet Corvette was unveiled in January, 1953, General Motors revealed the first…

Goldman Sachs and Morgan Stanley both hit hard by deal drought

January 17, 2023 8:30 AM CNN Newsource

By Paul R. La Monica, CNN Let’s not make a deal? Investment banking powerhouses Goldman Sachs and Morgan Stanley both reported substantial…

Europe’s ban on Russian diesel could send pump prices even higher

January 17, 2023 9:01 AM CNN Newsource

By Anna Cooban, CNN Europe is scrambling to buy diesel fuel from Russia before a ban on imports comes into force in early February, but the frantic…

The Chevrolet Corvette E-Ray is the first-ever hybrid Corvette

January 17, 2023 7:11 AM CNN Newsource

By Peter Valdes-Dapena, CNN Exactly 70 years after the very first Chevrolet Corvette was unveiled in January, 1953, General Motors revealed the first…

The rich should pay higher fares to clean up aviation, says Heathrow boss

January 17, 2023 5:41 AM CNN Newsource

By Hanna Ziady, CNN Rich travelers will have to pay more to fly if the aviation industry is to transition to greener fuels, the boss of one of the…

The world has a major debt problem. Is a reset coming?

January 17, 2023 5:37 AM CNN Newsource

By Nicole Goodkind, CNN Business The world is in debt. A record amount of debt. Three hundred trillion dollars, to be exact. That’s the total…

China records first population decline in 60 years

January 16, 2023 9:15 PM CNN Newsource

By Simone McCarthy, CNN China’s population shrank in 2022 for the first time in more than 60 years, a new milestone in the country’s…

China posts one of its worst economic performances in decades because of Covid

January 16, 2023 7:13 PM CNN Newsource

By Laura He, CNN China’s economy expanded by just 3% in 2022, far below the government’s own target, marking one of the worst…

Netflix plans its biggest-ever slate of Korean content

January 16, 2023 5:18 PM CNN Newsource

By Michelle Toh, CNN Netflix is planning its largest-ever lineup of South Korean content, with 34 new and returning titles set to roll out this year.…

Why some cars from the 1990s are soaring in value

January 16, 2023 11:12 AM CNN Newsource

By Peter Valdes-Dapena, CNN Business Not that long ago, cars from the 1990s were just used cars. And, really, most of them still are, if…

Are you a restaurant worker who recently came back to the industry? Tell us about it

January 16, 2023 1:53 PM CNN Newsource

By Alicia Wallace, CNN At the onset of the pandemic, the restaurant business was one of the hardest hit in the United States. More than 5 million…

Fed up with facial recognition cameras monitoring your every move? Italian fashion may have the answer

January 16, 2023 4:31 AM CNN Newsource

By Elliott Gotkine, CNN The red-headed man wearing what looks like the ultimate Christmas sweater walks up to the camera. A yellow quadrant surrounds…

The top 1% captured nearly twice as much new wealth as the rest of the world over last two years

January 16, 2023 6:43 AM CNN

By Tami Luhby, CNN The world’s wealthiest residents have been getting far richer, far faster than everyone else over the past two years. The…

The steep plunge in used car prices — what it means, and what’s ahead

January 16, 2023 7:53 AM CNN Newsource

By Chris Isidore, CNN Business Tracking used car prices is enough to give anyone whiplash. Since the start of the pandemic and the resulting…

TikTok access from government devices now restricted in more than half of US states

January 16, 2023 8:22 AM CNN Newsource

By Brian Fung and Christopher Hickey, CNN More than half of all US states have partially or fully banned TikTok from government devices, according to…

Bitcoin rallies 25% as crypto markets rebound

January 16, 2023 8:36 AM CNN Newsource

By Allison Morrow, CNN The bitcoin bulls are back. After getting pummeled by losses for the better part of last year, bitcoin and other…

Shane Co. will pay you $1,500 to go on 15 first dates

January 15, 2023 1:04 AM CNN Newsource

By Emmy Abbassi, CNN Tired of going on awkward first dates? Maybe some cash will incentivize you. Shane Co. is offering to pay one reluctant romantic…

Gen Z has a new ‘vintage’ technology to obsess over

January 15, 2023 4:47 AM CNN Newsource

By Ramishah Maruf, CNN First, it was disposable cameras. Then it was low-rise jeans. Now, Gen-Z’s latest “vintage” obsession is the…

Forget inflation, it’s all about earnings

January 15, 2023 5:30 AM CNN Newsource

By Nicole Goodkind, CNN To everything there is a season and now is the time for earnings. Over the past few weeks investors have been squarely…

Americans are spending an extra $371 a month because of inflation

January 14, 2023 4:02 AM CNN Newsource

By Matt Egan From rent and groceries to utilities, families are paying a lot more every month as they try to keep up with inflation. And while…

Best Buy, Dunkin’ and Starbucks changed their rewards programs. Then came the backlash

January 14, 2023 5:03 AM CNN Newsource

By Nathaniel Meyersohn, CNN If you want to earn rewards points at Best Buy, you’ll have to take out a Best Buy credit card to be able to redeem…

Covid broke supply chains. Now on the mend, can they withstand another shock?

January 16, 2023 10:50 AM CNN Newsource

By Alicia Wallace, CNN The pandemic dislodged the global supply chain, hurling once smoothly running businesses, industries and economies into a…

A single winning ticket for Friday’s $1.35 billion Mega Millions jackpot drawing was sold in Maine

January 13, 2023 11:02 PM CNN Newsource

One ticket sold in Maine beat the eerie odds of Friday the 13th and its buyer is set to claim the Mega Millions jackpot of about $1.35 billion, the…

What’s open and closed on MLK Day 2023

January 15, 2023 6:01 AM CNN Newsource

By Ramishah Maruf, CNN Martin Luther King Jr. Day celebrates the birthday of civil rights leader the Rev. Martin Luther King Jr., who won the Nobel…

China allows Didi to resume signing up new users as tech crackdown eases

January 16, 2023 2:42 AM CNN Newsource

By Laura He, CNN Ride-hailing giant Didi received approval to resume new user registration in China, it said Monday, providing more evidence that…

Global air traffic may return to pre-Covid levels in June, with China leading the way

January 16, 2023 12:58 AM CNN Newsource

By Michelle Toh, CNN Global air traffic will boom this year, returning to pre-pandemic levels in June, according to a new report. On Monday,…

One Chinese province spent $22 billion on eliminating Covid before policy U-turn

January 16, 2023 12:43 AM CNN Newsource

By Laura He, CNN A number of regional governments in China have revealed the enormous sums they’ve spent on fighting the pandemic, reinforcing…

The top 1% captured nearly twice as much new wealth as the rest of the world over last two years

January 15, 2023 5:01 PM CNN Newsource

By Tami Luhby, CNN The world’s wealthiest residents have been getting far richer, far faster than everyone else over the past two years. The…

SpaceX’s most powerful rocket returns to flight and nails synchronized landing

January 15, 2023 4:35 PM CNN Newsource

By Jackie Wattles, CNN SpaceX’s Falcon Heavy rocket, the towering launch vehicle known for its boosters’ aerial acrobatics and…

Russia’s war in Ukraine sparked a historic food crisis. It’s not over

January 15, 2023 9:05 AM CNN Newsource

By Julia Horowitz, CNN Grain is once again leaving Ukrainian ports. The price of fertilizer is falling sharply. Billions of dollars in aid has been…

Twitter’s laid-off workers cannot pursue claims via class-action lawsuit, judge says

January 15, 2023 8:15 AM CNN Newsource

Reuters Twitter has secured a ruling allowing the social media company to force several laid-off workers suing over their termination to pursue their…

How WWE’s Vince McMahon ruthlessly got his job back despite allegations of sexual assault and misuse of company funds

January 14, 2023 1:15 PM CNN Newsource

By Kyle Feldscher, CNN Professional wrestling is known for its outlandish, dramatic stories that have captivated generations. It’s an athletic…

A hairline crack became a 3-foot chasm. That’s when he knew they had to leave

January 13, 2023 4:47 PM CNN Newsource

By Tara Subramaniam and Vedika Sud, CNN For years, residents in the northern Indian city of Joshimath have complained to local officials that their…

Surging egg prices mean record profits for largest US egg producer

January 13, 2023 11:38 AM CNN

A spike in egg prices has squeezed customers. But even with rising costs of its own, the leading US egg supplier has found that it can make even more…

Egg shortage sends New Zealanders rushing to buy their own hens

January 13, 2023 1:15 PM CNN

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…

As U.S. unemployment improved, it worsened for Latinos and Black women

January 13, 2023 11:48 AM CNN Newsource

By Rikki Klaus, CNN The US unemployment rate returned to a historic low of 3.5% in December. Not everyone is celebrating, however: Jobless rates for…

Surging egg prices mean record profits for largest US egg producer

January 13, 2023 11:38 AM CNN Newsource

By Nathaniel Meyersohn, CNN A spike in egg prices has squeezed customers. But even with rising costs of its own, the leading US egg supplier has…

Delta decided against using ‘fairly old’ backup system during FAA outage

January 13, 2023 11:11 AM CNN Newsource

By Gregory Wallace, CNN Delta Air Lines has a backup to the federal aviation safety system that failed this week, but the airline decided against…

Delta decided against using ‘fairly old’ backup system during FAA outage

January 13, 2023 11:11 AM CNN

By Gregory Wallace, CNN Delta Air Lines has a backup to the federal aviation safety system that failed this week, but the airline decided against…