Top EU official quits US meeting as tension over electric car subsidies persists
By Anna Cooban and Xiaofei Xu, CNN Efforts to resolve a simmering dispute between Europe and the United States over electric vehicle subsidies…
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Alex Jones has filed for personal bankruptcy
By Samantha Beech, CNN Right-wing conspiracy theorist Alex Jones filed for personal Chapter 11 bankruptcy protection in a Texas court on Friday,…
Continue Reading How an arcane 96-year-old law stopped the rail strike
By Chris Isidore, CNN Business Most labor disputes never end up being debated in Congress. But thanks to a nearly century-old law that regulates…
Continue Reading Binance investigates hack affecting a number of crypto tokens
By Juliana Liu and Diksha Madhok, CNN Business The crypto industry just can’t catch a break this year. Binance, the world’s biggest…
Continue Reading China’s cities are running out of cash to pay huge Covid lockdown bills
By Laura He, CNN Business Protests this week across China show just how unpopular Beijing’s zero-Covid policy has become. Now, even as the…
Continue Reading Kanye West’s Twitter account has been suspended after Elon Musk says it violated rule against incitement to violence
By Rob McLean, CNN Business Kanye West’s Twitter account was suspended early Friday morning after Elon Musk said it violated the…
Continue Reading China’s cities are running out of cash to pay huge Covid lockdown bills
By Laura He, CNN Business Protests this week across China show just how unpopular Beijing’s zero-Covid policy has become. Now, even as the…
Continue Reading CNN’s chief outlines changes to network after layoffs, including end of live programming on HLN
By Oliver Darcy, CNN Business CNN on Thursday executed sweeping layoffs and implemented a series of changes that impacted multiple divisions across…
Continue Reading Kanye West is no longer acquiring Parler, company says
By Brian Fung, CNN The rapper formerly known as Kanye West will no longer be acquiring Parler, the alternative social media platform favored by…
Continue Reading Why Mark Zandi says the US economy will narrowly avoid a recession
By Matt Egan, CNN Business Inflation is cooling. Consumers are still spending. And hiring is slowing — but not collapsing. That’s why…
Continue Reading Yellen to Colbert: ‘I practiced and I practiced’ signature for US currency
By Alicia Wallace, CNN Business Sheets of dollar bills rolling off the presses at the Fort Worth Bureau of Engraving and Printing will soon bear the…
Continue Reading Mortgage rates fall for the third week in a row as inflation fears ease
By Anna Bahney, CNN Business Mortgage rates dipped again this week, marking the third straight week of falling rates. The 30-year fixed-rate mortgage…
Continue Reading Caroline Ellison, former Alameda chief, and Gary Wang, FTX cofounder, each pleaded guilty to multiple charges and are cooperating with feds
By Kara Scannell and Matt Egan, CNN Two senior executives associated with collapsed crypto exchange FTX have pleaded guilty to multiple criminal…
Continue Reading This is what McDonald’s drive-thru of the future could look like
By Danielle Wiener-Bronner, CNN Business McDonald’s is hoping a drive-thru lane with a food conveyor belt, a pickup room for delivery workers…
Continue Reading Powell revives hopes of a Fed pivot. That’s a bad thing
By Nicole Goodkind, CNN Business Federal Reserve Chair Jerome Powell made investors very happy on Wednesday. US stocks popped after the central…
Continue Reading The Fed’s favorite inflation measure cooled in October
By Chris Isidore, CNN Business A key measure of consumer prices slowed somewhat in October, another hopeful sign that inflation pressures could be…
Continue Reading To make money, avoid these common mistakes
By Jeanne Sahadi, CNN Business No matter how smart or well educated you are, and no matter how successful professionally, when it comes to investing…
Continue Reading Family Dollar is a mess. It hopes lowering prices will help
By Nathaniel Meyersohn, CNN Business Family Dollar has lost ground in the dollar store race for years. Now, the discount chain hopes lowering prices…
Continue Reading Pepsi wants you to drink soda mixed with milk this holiday season
By Danielle Wiener-Bronner, CNN Business ‘Tis the season to mix milk into your soda. According to Pepsi, anyway. Pepsi launched a campaign…
Continue Reading Sam Bankman-Fried says he ‘got a little cocky’ before FTX collapsed
By Allison Morrow, CNN Business Sam Bankman-Fried, the founder of now-bankrupt FTX, has fallen from the peak of crypto celebrity, but he’s not…
Continue Reading Sam Bankman-Fried says he ‘got a little cocky’ before FTX collapsed
By Allison Morrow, CNN Business Sam Bankman-Fried, the founder of now-bankrupt FTX, has fallen from the peak of crypto celebrity, but he’s not…
Continue Reading Family Dollar is a mess. It hopes lowering prices will help
By Nathaniel Meyersohn, CNN Business Family Dollar has lost ground in the dollar store race for years. Now, the discount chain hopes lowering prices…
Continue Reading Railroad workers aren’t the only Americans without paid sick days
By Tami Luhby, CNN As freight railroad workers look to Congress to provide them with paid sick days, millions of other American employees have no…
Continue Reading Is the worst over for bitcoin and the rest of crypto?
By Paul R. La Monica, CNN Business The meltdown of FTX has sent the price of bitcoin and other cryptocurrencies tumbling more than 60% this…
Continue Reading US gas is cheaper than before Russia invaded Ukraine
By Matt Egan, CNN Prices at the pump continue to plunge, dropping the US average for gasoline below where it was when Russia invaded Ukraine. A…
Continue Reading What to expect from Friday’s jobs report
By Alicia Wallace, CNN Business Ahead of Friday’s closely watched jobs report, economists polled by Refinitiv say they are expecting job growth…
Continue Reading Binance still has big growth plans despite crypto market meltdown
By Diksha Madhok, CNN Business Binance is expanding into new markets even as the crypto industry grapples with turmoil unleashed by the spectacular…
Continue Reading India on track for record $100 billion in remittances, says World Bank
By Diksha Madhok, CNN Business The extensive Indian diaspora will help the South Asian country reach a special milestone this year. Asia’s…
Continue Reading Elon Musk’s Neuralink shows brain implant prototype and robotic surgeon during recruiting event
By Jackie Wattles, CNN Elon Musk — the SpaceX founder, Tesla CEO, and, most recently, Twitter owner — hosted a flashy event on Wednesday night…
Continue Reading Salesforce Co-CEO Bret Taylor steps down, leaving Marc Benioff alone at the top
By Clare Duffy, CNN Business Enterprise tech giant Salesforce said Wednesday that its co-CEO and Vice Chair Bret Taylor will step down from his…
Continue Reading FTX founder Sam Bankman-Fried: ‘Look, I screwed up’
By Allison Morrow, CNN Business Sam Bankman-Fried, the 30-year-old founder of the bankrupt crypto exchange FTX, said he “didn’t ever try…
Continue Reading America may dodge a crippling rail strike. Here’s how we got here
By Chris Isidore, CNN Business A crippling freight railroad strike that threatened to upend the US economy now looks unlikely, as Congress votes on…
Continue Reading Twitter must comply with Europe’s platform rules, EU digital chief warns Musk in virtual meeting
By Brian Fung, CNN A top European Union official warned Twitter owner Elon Musk on Wednesday that the social media platform must take significant…
Continue Reading Amazon CEO explains thinking behind layoffs as unionized warehouse workers protest outside
By Catherine Thorbecke, CNN Business Amazon CEO Andy Jassy on Wednesday said an “uncertain” economy pushed the e-commerce giant to move…
Continue Reading Lordstown Motors set to deliver first pickups built at former GM plant
By Peter Valdes-Dapena, CNN Business Lordstown Motors, a startup company building electric pickups in a former General Motors factory, is ready to…
Continue Reading Smaller rate hikes are likely coming in December, says Fed Chair Powell
By Alicia Wallace and Lucy Bayly, CNN Business The Federal Reserve could pull back on the pace of its aggressive rate hikes as soon as December, Fed…
Continue Reading The US economy’s growth was stronger than expected in the third quarter
By Chris Isidore, CNN Business The US economy grew much faster than expected in the third quarter, according to the latest gross domestic product…
Continue Reading Chick-fil-A is selling merchandise for the first time ever
By Jordan Valinsky, CNN Business If your holiday wish list includes a Chick-fil-A sauce-themed blanket or a chicken nugget pillow, look no further.…
Continue Reading The number of available jobs in the US fell in October
By Alicia Wallace, CNN Business The number of job openings in the United States dropped in October, but the labor market still remains historically…
Continue Reading DoorDash to lay off 1,250 corporate employees
By Catherine Thorbecke, CNN Business DoorDash on Wednesday said it will lay off about 1,250 corporate employees after growing its team too quickly…
Continue Reading Inflation in Europe drops for the first time in 17 months
By Julia Horowitz, CNN Business For the first time in 17 months, inflation in Europe is easing. Consumer prices rose by 10% in the year to November,…
Continue Reading Lamborghini’s last purely gas-powered supercar is a road car turned into an off-road monster
By Peter Valdes-Dapena, CNN Business The Lamborghini Huracán Sterrato, officially unveiled in Miami Wednesday will be the Italian automaker’s…
Continue Reading Consumers are keeping the economy afloat… for now
By Nicole Goodkind, CNN Business American shoppers just keep on spending, lending vital support to the economy. The question is: How long will it…
Continue Reading CNN begins layoffs amid economic uncertainty, cost-cutting pressures from parent company
By Oliver Darcy, CNN Business CNN on Wednesday informed employees that layoffs had commenced, a move that is expected to impact hundreds of staffers…
Continue Reading Bob Iger’s biggest challenge at Disney: Finding the next Bob Iger
By Frank Pallotta, CNN Business Bob Iger has a lot on his to do list in his second round as Disney’s CEO. The 71 year-old newly unretired…
Continue Reading Twitter is less safe due to Elon Musk’s management style, says former top official
By Brian Fung, CNN Business Twitter owner Elon Musk’s dictatorial management style risks driving the company headlong into unforced business…
Continue Reading Lamborghini’s last purely gas-powered supercar is a road car turned into an off-road monster
By Peter Valdes-Dapena, CNN Business The Lamborghini Huracán Sterrato, officially unveiled in Miami Wednesday will be the Italian automaker’s…
Continue Reading Global 4-day week pilot was a huge success, organizers say
By Anna Cooban, CNN Business The verdict is in: A four-day work week is good for business. After six months, most of the 33 companies and 903 workers…
Continue Reading China to punish internet users for ‘liking’ posts in crackdown after zero-Covid protests
By Laura He, CNN Business Internet users in China will soon be held liable for liking posts deemed illegal or harmful, sparking fears that the…
Continue Reading China to punish internet users for ‘liking’ posts in crackdown after zero-Covid protests
By Laura He, CNN Business Internet users in China will soon be held liable for liking posts deemed illegal or harmful, sparking fears that the…
Continue Reading China’s Zhengzhou, home to world’s largest iPhone factory, ends Covid lockdown. Other cities do the same
By Juliana Liu, CNN Business Major Chinese cities, including financial hub Shanghai and Zhengzhou — home to the world’s largest iPhone…
Continue Reading Businesses scramble to limit the damage of looming freight rail strike
By Matt Egan and Kate Trafecante, CNN From retailers and computer chip makers to the oil-and-gas industry, businesses are scrambling to find…
Continue Reading Twitter is less safe due to Elon Musk’s management style, says former top official
By Brian Fung, CNN Business Twitter owner Elon Musk’s dictatorial management style risks driving the company headlong into unforced business…
Continue Reading South Dakota governor bans state employees from using TikTok on government devices
By Stella Chan and Leslie Perrot, CNN South Dakota’s governor signed an executive order on Tuesday banning state agencies, employees and…
Continue Reading There’s a big problem with the Kroger-Albertsons supermarket merger
By Nathaniel Meyersohn, CNN Business When Christine Martinez found out last month that Kroger and Albertsons planned to merge in a deal worth nearly…
Continue Reading Mortgage giants raise loan limits to a record level for 2023
By Anna Bahney, CNN Business Mortgage giants Fannie Mae and Freddie Mac will raise the limits of government-backed loans to a record level for 2023,…
Continue Reading American consumers got holiday shopping off to a strong start
By Nathaniel Meyersohn, CNN Business Americans dished out for toys, televisions and clothing on Black Friday and into the holiday weekend, despite…
Continue Reading Two victims of Apple store crash file lawsuits claiming negligence
By Nicki Brown and Sabrina Souza, CNN Two victims injured when a car drove into an Apple store filed lawsuits Tuesday morning claiming various…
Continue Reading American consumers got holiday shopping off to a strong start
By Nathaniel Meyersohn, CNN Business Americans dished out for toys, televisions and clothing on Black Friday and into the holiday weekend, despite…
Continue Reading Snap demands employees work in office 80% of the time starting early next year
By Catherine Thorbecke, CNN Business Snapchat’s parent company is asking workers to return to the office 80% of the time, or the equivalent of…
Continue Reading McDonald’s is giving people the chance to win free food for life
By Jordan Valinsky, CNN Business For the holidays, McDonald’s is giving away free meals for life. Well, sort of. Beginning December 5, every…
Continue Reading US consumer confidence falls to lowest level since July
By Alicia Wallace, CNN Business US consumer confidence fell in November as inflation and economic uncertainty continued to loom large and potentially…
Continue Reading Is this the last Christmas for Sears?
By Chris Isidore, CNN Business Tracy Easterling spent about an hour Sunday shopping at Sears, which used to be one of her favorite stores. She ended…
Continue Reading What the heck happened to Salesforce?
By Paul R. La Monica, CNN Business Tech stocks have taken a nasty tumble this year, but some are doing even worse than others. Exhibit A: software…
Continue Reading AMC Networks CEO steps down after less than three months as network plans staff cuts
By Frank Pallotta, CNN Business AMC Networks is looking for a new CEO and plans to lay off 20% of its US workforce. After less than three months on…
Continue Reading Did the economy end 2022 with a bang or a whimper?
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…
Continue Reading McDonald’s is giving people the chance to win free food for life
By Jordan Valinsky, CNN Business For the holidays, McDonald’s is giving away free meals for life. Well, sort of. Beginning December 5, every…
Continue Reading Bank of America CEO predicts two years of pain ahead in the housing market
By Paul R. La Monica, CNN Business The CEO of one of the nation’s largest banks is preparing for an economic downturn in 2023. But he’s…
Continue Reading Rail unions decry Biden’s call for Congress to block strike. Businesses praise the plan
By Chris Isidore and Matt McFarland, CNN Business President Joe Biden was in the unusual position Tuesday of being praised by business interests and…
Continue Reading How an arcane 96-year-old law stopped the rail strike
By Chris Isidore, CNN Business Most labor disputes never end up being debated in Congress. But thanks to a nearly century-old law that regulates…
Continue Reading What protests in China may mean for the economy
By Nicole Goodkind, CNN Business Protests against China’s prolonged and restrictive Covid regulations spread across the country over the…
Continue Reading Twitter is no longer enforcing its Covid misinformation policy
By Donie O’Sullivan, CNN Business Twitter said it will no longer enforce its longstanding Covid misinformation policy, yet another sign of how…
Continue Reading The crypto winter claims Bitfront exchange as its latest casualty
By Diksha Madhok, CNN Business Bitfront, a crypto exchange backed by Japanese social media app Line, is shutting down after failing to overcome…
Continue Reading As China grapples with rare protests, Shanghai Disneyland shuts over Covid curbs once again
Simone McCarthy, CNN Business Shanghai Disneyland has been closed again because of China’s Covid restrictions, just days after reopening…
Continue Reading ‘White paper’ protests: China’s top stationery supplier says it’s still selling A4 sheets
By Laura He, CNN Business The rare protests that spread across China over the weekend often featured demonstrators holding pieces of blank white…
Continue Reading ‘White paper’ protests: China’s top stationery supplier says it’s still selling A4 sheets
By Laura He, CNN Business The rare protests that spread across China over the weekend often featured demonstrators holding pieces of blank white…
Continue Reading Elon Musk claims Apple has ‘threatened to withhold’ Twitter from its app store
By Clare Duffy, CNN Business Elon Musk on Monday claimed that Apple has “threatened” to pull Twitter from its iOS app store, a move that…
Continue Reading A Florida woman is suing Kraft for $5 million, saying Velveeta microwave mac and cheese takes longer to make than advertised
By Melissa Alonso and Zoe Sottile, CNN The label on a cup of Velveeta’s microwaveable mac and cheese says the meal only takes three and a half…
Continue Reading Lawsuit alleges billionaire investor Leon Black raped a woman inside Jeffrey Epstein’s home
By Ramishah Maruf, CNN Business Billionaire investor Leon Black has been sued by a woman alleging he “brutal[ly]” raped her at Jeffrey…
Continue Reading Twitter searches for China protests bombarded by spam and porn, raising alarms among researchers
By Brian Fung, CNN Business Twitter searches for the widespread Covid-19-related protests in China are returning a flood of spam, pornography and…
Continue Reading Twitter searches for China protests bombarded by spam and porn, raising alarms among researchers
By Brian Fung, CNN Business Twitter searches for the widespread Covid-19-related protests in China are returning a flood of spam, pornography and…
Continue Reading Baby product company recalls 10,500 of its stainless steel sippy cups over lead poisoning risk
By Zoe Sottile, CNN A baby product company has recalled around 10,500 sippy cups and bottles over lead poisoning risks. Green Sprouts, a North…
Continue Reading ‘Grave urgency’: Over 400 business groups plead with Congress to prevent rail strike
By Matt Egan More than 400 business groups are calling on Congressional leaders to be prepared to prevent a freight rail strike that could start…
Continue Reading ‘Grave urgency’: Over 400 business groups plead with Congress to prevent rail strike
By Matt Egan More than 400 business groups are calling on Congressional leaders to be prepared to prevent a freight rail strike that could start…
Continue Reading Dow tumbles 500 points but could actually end the year in the green
By Paul R. La Monica, CNN Business Most of 2022 has been pretty dismal for investors, and Monday was no exception: The Dow fell about 500 points, or…
Continue Reading US oil prices hit lowest level in nearly a year. Gas is down 6% in a month
By Anna Cooban, CNN Business US oil prices have fallen to their lowest level since December 2021 on concerns that protests in China against Covid-19…
Continue Reading Online Black Friday sales set a new record
By Jordan Valinsky, CNN Business Online Black Friday sales in the United States topped a record-breaking $9.12 billion this year, according to Adobe…
Continue Reading Sunday was the busiest day at US airports since before the pandemic
By Chris Isidore, CNN Business Sunday marked the busiest day at US airports since the start of the pandemic — and though bad weather caused…
Continue Reading Conscious spending: The finance approach that’s both smart and fun
By Kristen Rogers When you think of money, do you feel like living in the moment and being responsible are mutually exclusive? Does guilt eat at you…
Continue Reading BBC journalist ‘beaten and kicked by the police’ as protests spread across China
By Jennifer Deaton, CNN Business Edward Lawrence, a journalist at the BBC, was arrested by police in Shanghai at the scene of protests on Sunday…
Continue Reading Ford recalls over half a million SUVs after 20 fires break out
By Peter Valdes-Dapena, CNN Business Ford has announced another SUV recall, this time impacting about 520,000 Ford Escape and Bronco Sport compacts…
Continue Reading Puzzling debate over Roman coin authenticity could determine legacy of ‘fake’ emperor
Amarachi Orie, CNN Scientists in the United Kingdom say they have proven the authenticity of several Roman coins previously dismissed as forgeries…
Continue Reading A record $100 billion was paid out in life insurance benefits last year
By Jeanne Sahadi, CNN Business US life insurers paid out a record $100 billion in benefits in 2021, according to new data released Monday by the…
Continue Reading Irish regulator fines Meta $275 million for violations of Europe’s data privacy law
By Brian Fung, CNN Business Meta has been fined roughly $275 million by Ireland’s data privacy regulator for failing to prevent hackers from…
Continue Reading Self-checkout annoys some customers and helps shoplifters. Stores are adding it anyway
By Nathaniel Meyersohn, CNN Business Self-checkout arrived in the late 1980s at supermarkets. A decade later, it began spreading to big-box chains…
Continue Reading A rail strike won’t screw up your holidays. Here’s how it’ll affect you in other ways
By Chris Isidore, Vanessa Yurkevich and Matt Egan, CNN Business So once again the nation and its economy is facing the risk of a massive freight…
Continue Reading Bob Iger lays out his priorities for Disney as he returns as CEO
By Frank Pallotta, CNN Business Bob Iger was back at Disney headquarters on Monday to meet with employees for the first time since surprising the…
Continue Reading BBC journalist ‘beaten and kicked by the police’ as protests spread across China
By Jennifer Deaton, CNN Business Edward Lawrence, a journalist at the BBC, was arrested by police in Shanghai at the scene of protests on Sunday…
Continue Reading BlockFi files for bankruptcy as FTX contagion grips crypto markets
By Allison Morrow, CNN Business Crypto lender BlockFi filed for bankruptcy Monday, becoming the latest casualty of the financial contagion unleashed…
Continue Reading Barclays CEO says he has cancer but will continue to run the bank
By Julia Horowitz, CNN Business The CEO of Barclays said Monday that he has been diagnosed with cancer. C.S. Venkatakrishnan, who is known as Venkat…
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