Money Archives

BBC journalist ‘beaten and kicked by the police’ as protests spread across China

November 28, 2022 12:23 AM CNN Newsource

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…

Global markets fall after protests erupt in China over Covid lockdowns

November 27, 2022 7:30 PM CNN Newsource

By Laura He, CNN Business Global markets fell on Monday after widespread protests in China against the country’s stringent Covid-19…

Thousands of US flights delayed Sunday as major storm system hampers travel

November 27, 2022 8:59 AM CNN Newsource

By Samantha Beech and Keith Allen, CNN A severe weather system across several parts of the United States has prompted the three major airports…

JCPenney was once a shopping giant. Can it make a comeback?

November 27, 2022 7:52 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Marc Rosen didn’t flinch when he was offered the top job at JCPenney last year. A stalwart of…

Layoffs, ultimatums, and an ongoing saga over blue check marks: Elon Musk’s first month at Twitter

November 27, 2022 3:01 AM CNN Newsource

By Catherine Thorbecke, CNN Business Sunday officially marks one month since the world’s richest man took the helm at Twitter. In that time,…

Frontier Airlines no longer has a customer service phone line

November 26, 2022 12:12 PM CNN Newsource

By Ramishah Maruf, CNN Customers who need flight information or want to make changes to travel plans can no longer call Frontier Airlines and speak…

Apple has a huge problem with an iPhone factory in China

November 25, 2022 6:12 PM CNN Newsource

By Juliana Liu, CNN Business A violent workers’ revolt at the world’s largest iPhone factory this week in central China is further…

The mall where Black Friday refuses to die

November 25, 2022 3:19 PM CNN Newsource

By Alicia Wallace, CNN Business. Photographs by Jamie Kelter Davis for CNN The rise of e-commerce in recent years has taken its toll on in-person…

Epstein accusers sue JP Morgan and Deutsche Bank, claiming banks benefited from sex trafficking operation

November 25, 2022 1:35 PM CNN Newsource

by Samantha Beech, CNN Two anonymous women who accuse the late Jeffrey Epstein of sexual abuse have filed separate civil lawsuits against JP Morgan…

‘It changes nothing.’ Nigerians unimpressed with redesigned banknotes

November 25, 2022 9:39 AM CNN Newsource

By Nimi Princewill, CNN Nigerians have criticized the “redesigning” of the country’s local currency proposed by its central bank to…

Musk says new color-coded verification system at Twitter will roll out in a week

November 25, 2022 9:18 AM CNN Newsource

By Chris Isidore, CNN Business Elon Musk is ready to try his troubled new verification system for Twitter once again. This time, in color. The CEO of…

Thanksgiving used to be a movie feast. This year? Slim pickings

November 25, 2022 8:31 AM CNN Newsource

By Frank Pallotta, CNN Business Thanksgiving weekend has historically offered a cornucopia of films, letting moviegoers get out of the house and kick…

Holiday shopping seen solid, despite inflation

November 25, 2022 8:30 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Holiday shopping isn’t what it used to be. But many Americans are still expected to spend on Black Friday,…

The West is struggling to set an oil price cap that hurts Russia

November 25, 2022 7:22 AM CNN Newsource

By Julia Horowitz, CNN Business Allies of Ukraine want to put a price limit on Russian oil. But there’s a problem: They can’t agree on a…

Indian billionaire Gautam Adani’s flagship company is raising $2.5 billion

November 25, 2022 4:37 AM CNN Newsource

By Anna Cooban and Diksha Madhok, CNN Business Indian billionaire Gautam Adani’s business empire is planning to raise nearly $2.5 billion in a…

In Britain, nearly 200,000 workers are striking on Black Friday

November 25, 2022 3:30 AM CNN Newsource

By Hanna Ziady, CNN Business Britain’s cost-of-living crisis is already taking the shine off Black Friday. Now, the annual shopping bonanza…

UK bans Chinese surveillance cameras from ‘sensitive’ sites

November 25, 2022 3:10 AM CNN Newsource

By Michelle Toh, CNN Business Hikvision, a leading Chinese surveillance company, has denied suggestions that it poses a threat to Britain’s…

Rats blamed for eating 500 kilograms of cannabis stored by Indian police

November 25, 2022 1:56 AM CNN Newsource

By Vedika Sud, CNN Rats in northern India have been accused of eating hundreds of kilograms of cannabis seized from drug dealers and stored in police…

The US-China chip war is spilling over to Europe

November 24, 2022 10:26 PM CNN Newsource

By Michelle Toh, CNN Business Two European chip deals have run into trouble over their links with China, a sign of concern spreading in the West over…

The US-China chip war is spilling over to Europe

November 24, 2022 10:26 PM CNN

By Michelle Toh, CNN Business Two European chip deals have run into trouble over their links with China, a sign of concern spreading in the West over…

Adidas to launch investigation into allegations of inappropriate behavior made against Kanye West

November 24, 2022 2:41 PM CNN Newsource

By Gayle Harrington and Robert North, CNN Adidas will begin an investigation into allegations of misconduct against Kanye West, with whom the company…

Elon Musk says he will begin restoring previously banned Twitter accounts next week

November 24, 2022 1:36 PM CNN Newsource

By Clare Duffy and Catherine Thorbecke, CNN Business Elon Musk said Thursday that he will begin restoring most previously banned accounts on Twitter…

Hate speech dramatically surges on Twitter following Elon Musk takeover, new research shows

November 24, 2022 1:36 PM CNN

By Oliver Darcy, CNN New Twitter owner Elon Musk declared last month that “hate speech impressions” had dramatically fallen on the…

How a scoop by a little-known crypto site led to the fall of Sam Bankman-Fried and implosion of FTX

November 24, 2022 8:48 AM CNN Newsource

By Oliver Darcy, CNN Business The staggering level of apparent deception staged by former crypto king Sam Bankman-Fried wasn’t uncovered by…

What protests in China may mean for the economy

November 24, 2022 8:12 AM CNN

By Nicole Goodkind, CNN Business Protests against China’s prolonged and restrictive Covid regulations spread across the country over the…

Here’s what’s open and closed on Thanksgiving

November 24, 2022 3:58 AM CNN Newsource

By Jennifer Korn, CNN Business Stores and businesses across the United States will be closed Thursday as Americans celebrate Thanksgiving — but it…

Foxconn offers to pay workers to leave world’s largest iPhone factory after violent protests

November 24, 2022 1:33 AM CNN Newsource

By Nectar Gan and Juliana Liu, CNN Business Foxconn has offered to pay newly recruited workers 10,000 yuan ($1,400) to quit and leave the…

Mortgage rates fall for the second week in a row

November 23, 2022 10:01 AM CNN Newsource

By Anna Bahney, CNN Business Mortgage rates dropped again this week, after plunging nearly half a percentage point last week. The 30-year fixed-rate…

Signs global bond markets could be bottoming out after central bank rate hikes

November 18, 2022 11:41 PM Stacker

Olive Invest outlined how bonds are performing amid tightening financial conditions in a higher interest rate…

HP says it will lay off up to 6,000 workers over the next couple years

November 22, 2022 3:37 PM CNN Newsource

By Catherine Thorbecke, CNN Business HP Inc. announced on Tuesday that it will lay off thousands of workers over the next three years, becoming the…

The surprising reason why Ocean Spray cranberry sauce labels are upside-down

November 23, 2022 6:26 AM CNN Newsource

By Jordan Valinsky, CNN Business Perhaps one of the greatest mysteries of Thanksgiving is the cranberry sauce — and we’re not even talking…

Chicken prices are finally starting to fall. You can thank busy roosters

November 23, 2022 9:36 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business Over the past year, as some meat prices have fallen, chicken prices have remained stubbornly high. Strong…

Consumers continue to lack confidence in the US economy ahead of holiday shopping season

November 23, 2022 8:08 AM CNN Newsource

By Alicia Wallace, CNN Business Heading into the all-important holiday shopping season, American consumers still aren’t feeling very confident…

House Republicans say TikTok made misleading claims in briefings on data handling

November 23, 2022 10:47 AM CNN Newsource

By Brian Fung, CNN House Republicans say TikTok may have misled congressional staff in private briefings about the company’s handling of US…

The Fed offers more clues about rate hikes

November 23, 2022 9:26 AM CNN Newsource

By Paul R. La Monica, CNN Business Americans are getting ready for food, family and football on Thursday, but investors were still holding off until…

A house price slump is coming. Rising unemployment could make it much worse

November 23, 2022 3:13 AM CNN Newsource

By Hanna Ziady, CNN Business Last year, Auckland’s largest real estate company couldn’t sell properties quickly enough to meet demand in…

Surprise: Dollar Tree’s $1.25 price strategy is actually working

November 23, 2022 5:05 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business When Dollar Tree said it would raise prices to $1.25 after 35 years sticking to $1, some fans protested and…

Online Black Friday sales set a new record

November 23, 2022 6:58 AM CNN

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…

Get paid via Venmo, Etsy or Airbnb? Here’s what you need to know before tax season

November 23, 2022 7:47 AM CNN Newsource

By Jeanne Sahadi, CNN Business If you get paid through apps like Venmo or PayPal or platforms like Etsy or Airbnb, preparing your taxes next year may…

US Freight rail strike could cost US economy $1 billion in first week

November 23, 2022 8:54 AM CNN Newsource

By Vanessa Yurkevich, CNN A US freight rail strike could cost the US economy $1 billion in the first week of the strike, according to a new analysis…

Workers at the world’s largest iPhone factory in China clash with police, videos show

November 23, 2022 8:54 AM CNN

By CNN’s Beijing bureau and Jake Kwon, CNN Workers at China’s largest iPhone assembly factory were seen confronting police, some in riot…

Russia threatens to cut supply of gas through Ukraine

November 23, 2022 8:47 AM CNN Newsource

By Anna Cooban and Uliana Pavlova, CNN Business Europe is bracing itself for further cuts to its supply of Russian natural gas as Moscow threatens to…

Why the nation is once again close to a devastating freight railroad strike

November 23, 2022 8:16 AM CNN Newsource

By Chris Isidore and Vanessa Yurkevich, CNN Business In September, President Joe Biden, the most union friendly president in recent history, got…

Latest weekly jobless claims jump to 240,000

November 23, 2022 7:59 AM CNN Newsource

By Alicia Wallace, CNN Business First-time weekly claims for unemployment benefits jumped to 240,000 for the week ended November 19, according to…

Hasbro CEO optimistic about holidays even though stock is under pressure

November 23, 2022 6:23 AM CNN Newsource

By Paul R. La Monica, CNN Business The holidays are rapidly approaching, and for the toy company Hasbro, a slowing economy could be a proverbial…

Workers at the world’s largest iPhone factory in China clash with police, videos show

November 23, 2022 6:18 AM CNN Newsource

By CNN’s Beijing bureau and Jake Kwon, CNN Workers at China’s largest iPhone assembly factory were seen confronting police, some in riot…

Alex Jones must pay full $49 million damages award, Texas judge rules

November 23, 2022 4:45 AM CNN Newsource

By Hanna Ziady and Sonia Moghe, CNN Alex Jones has lost a bid to water down the nearly $50 million damages award handed down by a jury earlier this…

Berkshire Hathaway: Warren Buffett further unwinds BYD investment in China

November 22, 2022 11:18 PM CNN Newsource

By Laura He, CNN Business Warren Buffett’s Berkshire Hathaway is continuing to unwind its long position in BYD, China’s largest…

Australia will see more extreme weather events, putting strain on economy, report shows

November 22, 2022 10:51 PM CNN Newsource

By Michelle Toh, CNN Business Australia will continue to see a spike in extreme rainfall and heat, as well as more dangerous fire events, its…

The federal government just took another big swipe at illegal robocalls

November 22, 2022 12:58 PM CNN Newsource

By Brian Fung, CNN The federal government took another big swipe at illegal robocalls on Tuesday, as it moved to block a voice provider from the…

Everyone from the vet to the barber is hiking prices. And there’s no relief in sight

November 22, 2022 10:27 AM CNN Newsource

By Alicia Wallace, CNN Business When Teri Byrd opened her 4 Paws Veterinary Clinic in Vashon, Washington, four years ago, her sights were set on…

Starbucks closes location that was the first to unionize in Seattle

November 22, 2022 2:58 PM CNN Newsource

By Danielle Wiener-Bronner, CNN Business Starbucks is closing the store in Seattle where employees were the first to vote to form a union in the…

‘Christmas is not canceled’ despite growing risk of rail strike

November 22, 2022 1:35 PM CNN Newsource

By Matt Egan Leading retailers are sounding the alarm about the danger of a national rail strike while simultaneously stressing that a potential work…

Jeff Bezos announces 40 grants totaling $123 million to combat homelessness

November 22, 2022 12:30 PM CNN Newsource

By Chloe Melas, CNN Jeff Bezos is continuing to make good on his pledge to give away the majority his wealth, to the tune of $123 million today. The…

Elon Musk has upended Twitter’s business. Here’s how he could fix it

November 22, 2022 12:23 PM CNN Newsource

By Clare Duffy, CNN Business Much of Twitter’s ad sales team has been fired or pushed out. Large companies from General Mills to Macy’s…

Elon Musk has upended Twitter’s business. Here’s how he could fix it

November 22, 2022 12:23 PM CNN

By Clare Duffy, CNN Business Much of Twitter’s ad sales team has been fired or pushed out. Large companies from General Mills to Macy’s…

Inflation remains painfully high. How will it impact your holiday shopping plans this year?

November 22, 2022 11:04 AM CNN Newsource

By Alicia Wallace, CNN Business Inflation has weighed on Americans for much of this year. The Federal Reserve has taken action to bring down high…

Is the dollar’s relentless rise coming to an end?

November 22, 2022 6:21 AM CNN Newsource

By Julia Horowitz, CNN Business The story of financial markets and the global economy this year has been written in part by the dramatic rise of the…

If the world avoids a recession, it’ll have India and China to thank

November 22, 2022 5:57 AM CNN Newsource

By Hanna Ziady, CNN Business Global growth will slow further in the coming year but the world will likely avoid a recession thanks to Asia’s…

We now know what Budweiser will do with the beer it can’t sell at the World Cup

November 22, 2022 6:30 AM CNN

By Jordan Valinsky, CNN Business Qatar’s last-minute decision to ban alcohol at World Cup stadiums has left Budweiser with loads of beer left…

Qatar is a minefield for World Cup advertisers. One team has already lost a sponsor

November 22, 2022 10:44 AM CNN Newsource

By Julia Horowitz, CNN Business Billions of people watch FIFA’s World Cup every four years, a tantalizing opportunity for advertisers who want…

FTX lawyer says ‘substantial amount’ of assets are either stolen or missing

November 22, 2022 9:22 AM CNN Newsource

By Allison Morrow, CNN Business The full extent of FTX’s financial disarray is becoming clearer as the failed crypto exchange’s new…

With a strike looming, railroad unions and management head back to negotiating table

November 22, 2022 7:48 AM CNN Newsource

By Chris Isidore and Vanessa Yurkevich, CNN With a crippling freight rail strike looming in two weeks, leaders of four railroad unions and management…

Here’s how much Disney is going to pay Bob Iger

November 22, 2022 7:09 AM CNN Newsource

By Frank Pallotta, CNN Business Bob Iger, who shocked the media world when he returned as CEO of Disney on Sunday, will once again be among the…

We now know what Budweiser will do with the beer it can’t sell at the World Cup

November 22, 2022 6:30 AM CNN Newsource

By Jordan Valinsky, CNN Business Qatar’s last-minute decision to ban alcohol at World Cup stadiums has left Budweiser with loads of beer left…

Rivian’s CEO created buzzy, outdoorsy EVs. Now big automakers are coming after it

November 22, 2022 5:26 AM CNN

By Peter Valdes-Dapena, CNN Business Rivian CEO Robert Joseph Scaringe, better known as RJ, is living his lifelong dream. Getting here though has…

Rivian’s CEO created buzzy, outdoorsy EVs. Now big automakers are coming after it

November 22, 2022 5:26 AM CNN Newsource

By Peter Valdes-Dapena, CNN Business Rivian CEO Robert Joseph Scaringe, better known as RJ, is living his lifelong dream. Getting here though has…

Singapore defends its treatment of Binance after FTX ‘debacle’

November 21, 2022 10:50 PM CNN Newsource

By Michelle Toh, CNN Business Singapore’s central bank has responded to criticism of its treatment of two of the world’s largest crypto…

Bob Iger moves fast to dismantle Chapek’s reorganization of Disney

November 21, 2022 8:38 PM CNN Newsource

By Oliver Darcy, CNN Business One day after the shock announcement of Bob Iger’s return to Disney, and the resulting ouster of his…

Penguin Random House’s $2.2 billon deal for Simon & Schuster is over

November 21, 2022 3:31 PM CNN Newsource

By Ramishah Maruf, CNN Business Paramount has ended its agreement to sell Simon & Schuster to Penguin Random House and will not appeal the…

Carrier CEO: It’s getting easier to recruit, but the war for talent is not over

November 21, 2022 2:17 PM CNN Newsource

By Matt Egan, CNN Business Carrier CEO David Gitlin has noticed a shift in the jobs market in recent months as the Federal Reserve slams the brakes…

Bob Chapek’s tenure marked by political missteps inside and outside of Disney

November 21, 2022 2:02 PM CNN Newsource

By Ramishah Maruf, CNN Bob Chapek was initially silent on Florida’s controversial bill barring discussions of gender identity in school…

Can Bob Iger fix Disney?

November 21, 2022 1:39 PM CNN Newsource

By Frank Pallotta, CNN Business Bob Iger is returning to Disney as CEO, retaking the reins of a company that’s very different from the one he…

Irish regulator fines Meta $275 million for violations of Europe’s data privacy law

November 21, 2022 10:57 AM CNN

By Brian Fung, CNN Business Meta has been fined roughly $275 million by Ireland’s data privacy regulator for failing to prevent hackers from…

As Meta and Twitter slash staff, TikTok plans to keep hiring

November 21, 2022 10:57 AM CNN Newsource

By Catherine Thorbecke, CNN Business While much of Silicon Valley is grappling with hiring freezes and job cuts, at least one social media company is…

Recession fears receded this earnings season

November 21, 2022 5:49 AM CNN Newsource

By Nicole Goodkind, CNN Business Investors appear to have traded in their fleece vests for crystal balls — everyone on Wall Street seems to have a…

America faces a possible rail strike in two weeks after largest union rejects labor deal

November 21, 2022 7:21 AM CNN Newsource

By Chris Isidore and Vanessa Yurkevich, CNN Business America faces a growing risk of a crippling national freight rail strike in two weeks. The…

Investors have very little to be thankful for in 2022

November 20, 2022 5:29 AM CNN Newsource

By Paul R. La Monica, CNN Business Americans are getting ready to celebrate Thanksgiving. But investors in the United States (and the rest of the…

Is AI art really art? This California gallery says yes

November 20, 2022 8:18 AM CNN Newsource

By Rachel Metz, CNN Business As artificial intelligence becomes increasingly popular for generating images, a question has roiled the art world: Can…

Get ready for the most expensive holiday travel season ever

November 20, 2022 8:58 AM CNN Newsource

By Chris Isidore, CNN Business For travelers getting ready to make their first holiday trips since before the pandemic: prepare for sticker shock.…

This $5.99 T-shirt will get you free Denny’s breakfast for a year

November 19, 2022 3:02 AM CNN Newsource

By Zoe Sottile, CNN This might just be the best Black Friday deal we’ve heard yet. Denny’s is selling a $5.99 T-shirt which will grant…

How Jell-O lost its spot as America’s favorite dessert

November 19, 2022 5:59 AM CNN

Story by Nathaniel Meyersohn, Video by John General, CNN Business Way in the back of the grocery store, at the end of the sleepy baking aisle, sits a…

Retailers warn of ‘self-inflicted economic disaster’ after largest rail union rejects labor deal

November 21, 2022 9:12 AM CNN Newsource

By Matt Egan, CNN Business The nation’s leading retailers warned Monday that Congress may need to step in to avert a devastating freight rail…

Twitter won’t restore Alex Jones’ account, Elon Musk says

November 21, 2022 8:34 AM CNN

By Brian Fung, CNN Conspiracy theorist Alex Jones won’t be returning to Twitter and will remain banned from the platform, according to its new…

Twitter won’t restore Alex Jones’ account, Elon Musk says

November 21, 2022 8:34 AM CNN Newsource

By Brian Fung, CNN Conspiracy theorist Alex Jones won’t be returning to Twitter and will remain banned from the platform, according to its new…

London’s rental market has become a ‘nightmare.’ Here’s why

November 21, 2022 7:33 AM CNN Newsource

By Anna Cooban, CNN Business For Rebeca Blázquez, the past few weeks have been a “nightmare.” Based in Madrid but hoping to find work in…

Twitter Africa employees accuse Elon Musk of discrimination over severance terms

November 21, 2022 7:08 AM CNN Newsource

By Larry Madowo, CNN Laid-off employees at Twitter’s Africa headquarters are accusing Twitter of “deliberately and recklessly flouting…

Here’s how much Disney is going to pay Bob Iger

November 21, 2022 5:44 AM CNN

By Frank Pallotta, CNN Business Bob Iger, who shocked the media world when he returned as CEO of Disney on Sunday, will once again be among the…

China locks down key transportation hub; markets fear economic fallout

November 21, 2022 2:24 AM CNN

By Laura He, CNN Business China has locked down a major transportation hub in the south, as the country grapples with its largest nationwide Covid…

China locks down key transportation hub; markets fear economic fallout

November 21, 2022 2:24 AM CNN Newsource

By Laura He, CNN Business China has locked down a major transportation hub in the south, as the country grapples with its largest nationwide Covid…

Taiwan’s TSMC to bring its most advanced chip manufacturing to Arizona

November 21, 2022 2:10 AM CNN Newsource

By Wayne Chang and Diksha Madhok, CNN Taiwan Semiconductor Manufacturing Company plans to bring its most advanced technology to Arizona, the founder…

Bob Iger named Disney CEO again, replacing Bob Chapek, in a shock to Hollywood

November 20, 2022 8:08 PM CNN Newsource

By Frank Pallotta, CNN Business Bob Iger, one of the most successful CEOs in the history of The Walt Disney Company, is returning to once again run…

Elon Musk restores Donald Trump’s Twitter account

November 20, 2022 7:30 AM CNN

Former US President Donald Trump’s Twitter account has been reinstated on the…

Elon Musk restores Donald Trump’s Twitter account

November 20, 2022 6:42 AM CNN

By Clare Duffy and Paul LeBlanc, CNN Former US President Donald Trump’s Twitter account has been reinstated on the platform. The account, which…

Kindle’s 15-year anniversary is a reminder simplicity is king

November 20, 2022 6:13 AM CNN Newsource

By Samantha Murphy Kelly, CNN Business Len Edgerly, a 72-year-old podcaster from Cambridge, Massachusetts, has spent the last 14 and a half years…

Elon Musk restores Donald Trump’s Twitter account

November 19, 2022 6:26 PM CNN Newsource

By Clare Duffy and Paul LeBlanc, CNN Former US President Donald Trump’s Twitter account has been reinstated on the platform. The account, which…

After rapper launches pet accessory brand, now your dog can dress like Snoop Dogg

November 19, 2022 12:31 PM CNN Newsource

By Zoe Sottile, CNN Snoop Dogg is reaching out to new customers: actual dogs. The rapper and entrepreneur is expanding into pet fashion with Snoop…

Ticketmaster apologizes to Taylor Swift and her fans for ticketing debacle

November 19, 2022 8:15 AM CNN Newsource

By Frank Pallotta, CNN Business Ticketmaster apologized to Taylor Swift and her fans late Friday night after a ticketing debacle this week that made…

How Jell-O lost its spot as America’s favorite dessert

November 19, 2022 5:59 AM CNN Newsource

Story by Nathaniel Meyersohn, Video by John General, CNN Business Way in the back of the grocery store, at the end of the sleepy baking aisle, sits a…

Elizabeth Holmes sentenced to more than 11 years in prison for fraud

November 18, 2022 4:58 PM CNN

By Rachel Metz, CNN Business Elizabeth Holmes was sentenced to more than 11 years in prison on Friday following her conviction in January for…