Money Archives

Twitter battles wave of impersonators after launching new paid verification system

November 9, 2022 6:40 PM CNN Newsource

By Brian Fung, CNN Twitter appears to be battling a wave of celebrity and corporate impersonators on its platform who have quickly gamed the…

Biden says Elon Musk’s relationship with other countries ‘worthy of being looked at’

November 9, 2022 4:30 PM CNN Newsource

By Nikki Carvajal, CNN President Joe Biden said Twitter owner and Tesla CEO Elon Musk’s relationship with other countries was “worthy of…

Twitter chaos spills into public view as Musk clashes with and fires employees on the platform

November 9, 2022 4:30 PM CNN

By Clare Duffy, Oliver Darcy and Donie O’Sullivan, CNN Business Elon Musk has publicly clashed with a growing number of Twitter employees about…

Rivian has both good and bad news at end of tough day for EV stocks

November 9, 2022 3:43 PM CNN Newsource

By Chris Isidore, CNN Business Electric truckmaker Rivian delivered a mixed bag for investors in its third-quarter earnings report, after a brutal…

Elon Musk pleads with advertisers to stay on Twitter

November 9, 2022 3:01 PM CNN Newsource

By Brian Fung, CNN Twitter owner Elon Musk pleaded with advertisers to keep using his platform on Wednesday as he sketched out his plans for user…

So you won the lottery. What now?

November 9, 2022 2:54 PM CNN Newsource

By Allison Morrow, CNN Business So, you won the lottery. Congrats! What do you do now? Once you’re done screaming and dancing in a shower of…

The economy was a big concern for voters. Thursday’s inflation report likely won’t help

November 9, 2022 2:46 PM CNN Newsource

By Alicia Wallace, CNN Business The economy was top of mind for voters in the midterm elections, exit polls showed, adding even more weight to a…

Chocolate is having a moment

November 9, 2022 9:00 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business Between warnings of a recession, high inflation and layoff fears, the news is bleak. Why not have some…

Crypto’s white knight lost 94% of his wealth in a single day

November 9, 2022 1:42 PM CNN Newsource

By Allison Morrow, CNN Business Sam Bankman-Fried, the crypto entrepreneur known for providing a financial lifeline to struggling firms in the…

This oil refiner is cutting 1,100 jobs — and giving billions of dollars to its shareholders

November 9, 2022 12:35 PM CNN Newsource

By Matt Egan, CNN Business Phillips 66 is cutting at least 1,100 jobs by the end of this year as the refining giant seeks to slash costs and steer a…

Adidas will continue to sell Kanye West’s shoe designs without the Yeezy name

November 9, 2022 11:40 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Adidas ended its sneaker partnership with Ye, formerly known as Kanye West, last month after the…

Tesla drivers will be able to make Zoom calls from their car

November 9, 2022 11:01 AM CNN Newsource

By Samantha Murphy Kelly, CNN Business Tesla drivers will soon be able to take a video call directly from their vehicle’s touchscreen…

‘It is not an accident’: Murdoch’s media empire celebrates DeSantis as future of GOP after midterms

November 9, 2022 10:53 AM CNN Newsource

By Oliver Darcy, CNN Business Rupert Murdoch, the media mogul who controls some of the most powerful organs in conservative media, appeared to make…

Railroad unions push back threatened strike date

November 9, 2022 10:52 AM CNN Newsource

By Chris Isidore and Vanessa Yurkevich, CNN Business The threat of a freight railroad strike has been pushed back to early December, as four major…

British nurses to hold first ever strike over pay

November 9, 2022 10:45 AM CNN Newsource

By Reuters Tens of thousands of British nurses will go on strike for the first time over demands for better pay, their trade union said on Wednesday,…

Credit card rates hit a record high as Fed fights inflation

November 9, 2022 9:35 AM CNN Newsource

By Matt Egan It’s never a great time to carry credit card debt. But right now is arguably the worst time. The Federal Reserve’s war on…

Why these five states don’t sell lottery tickets

November 9, 2022 4:11 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business If residents of Alabama, Utah, Alaska, Hawaii or Nevada wanted a chance to win this week’s record…

Changes are coming to Wordle

November 9, 2022 6:23 AM CNN Newsource

By Frank Pallotta, CNN Business Changes are coming for Wordle … again. For starters the New York Times this week named Tracy Bennett the new…

Stocks slip as control of Congress remains unclear

November 9, 2022 7:32 AM CNN Newsource

By Paul R. La Monica, CNN Business Wall Street was betting on a red wave in the midterm elections Tuesday. But it appears that didn’t happen.…

So you won the lottery. What now?

November 9, 2022 8:51 AM CNN

By Allison Morrow, CNN Business So, you won the lottery. Congrats! What do you do now? Once you’re done screaming and dancing in a shower of…

Energy security trumps the climate? London’s biggest IPO of the year is an oil company

November 9, 2022 9:52 AM CNN Newsource

By Julia Horowitz, CNN Business The world may be losing the fight against the climate crisis, but investors are still willing to throw money at oil…

Redfin shuts home-flipping business and cuts 13% of its workforce

November 9, 2022 9:36 AM CNN Newsource

By Anna Bahney, CNN Business Redfin is set to shutter its home-flipping business and reduce its workforce by 13%, laying off 862 employees. About 264…

Shop owner who sold winning Powerball ticket is now a millionaire himself

November 9, 2022 8:51 AM CNN Newsource

By Stella Chan, CNN The owner of Joe’s Service Center in Altadena, California, who came to the United States from Syria in 1980 with $14,000 in…

Crypto giant Binance drops bid to save rival, stoking chaos in digital assets

November 9, 2022 8:35 AM CNN Newsource

By Allison Morrow, CNN Business In an abrupt reversal, cryptocurrency exchange Binance pulled out of a deal to acquire its embattled rival FTX,…

Germany blocks sale of chip factory to China over security fears

November 9, 2022 8:29 AM CNN Newsource

By Anna Cooban and Chris Stern, CNN Business The German government has blocked the sale of one of its semiconductor factories to a Chinese-owned tech…

Analysis: Why the news media got the midterm ‘red wave’ narrative so wrong

November 9, 2022 7:32 AM CNN

By Oliver Darcy, CNN Business The White House believes that the press has “egg on their faces, yet again.” That’s according to a…

Cargo spacecraft docks with ISS after solar panel fails to deploy

November 9, 2022 7:18 AM CNN Newsource

By Jackie Wattles, CNN Business A cargo spacecraft successfully docked with the International Space Station Wednesday morning, despite making its…

Markets are in trouble. Election results won’t change that

November 9, 2022 5:32 AM CNN Newsource

By Nicole Goodkind, CNN Business The results of Tuesday’s midterm elections will set the agenda for the next Congress. That could mean changes…

Markets are in trouble. Election results won’t change that

November 9, 2022 5:32 AM CNN

By Nicole Goodkind, CNN Business The results of Tuesday’s midterm elections will set the agenda for the next Congress. That could mean changes…

Facebook parent company Meta will lay off 11,000 employees

November 9, 2022 4:53 AM CNN Newsource

By Catherine Thorbecke, CNN Business Facebook parent company Meta on Wednesday said it is laying off 11,000 employees, marking the most significant…

China is ‘committed to net zero,’ head of top Asian development bank says at COP27

November 9, 2022 3:16 AM CNN Newsource

By Eoin McSweeney and Ella Nilsen, CNN China and the other 104 members of the Asian Infrastructure Investment Bank are “deeply committed”…

Elon Musk sold nearly $4 billion worth of Tesla stock since Twitter deal closed

November 8, 2022 8:10 PM CNN Newsource

By Chris Isidore, CNN Business Elon Musk sold $3.95 billion worth of Tesla stock since completing his purchase of Twitter late last month.…

Stock futures mostly unchanged as election results roll in

November 8, 2022 7:45 PM CNN

By Paul R. La Monica, CNN Business US stocks were mostly unchanged in premarket trading as results from Tuesday’s midterm elections rolled in.…

Stock futures mostly unchanged as election results roll in

November 8, 2022 7:45 PM CNN Newsource

By Paul R. La Monica, CNN Business US stocks were mostly unchanged in premarket trading as results from Tuesday’s midterm elections rolled in.…

One Indian family lost 12 members in the Morbi bridge collapse

November 8, 2022 6:13 PM CNN Newsource

By Swati Gupta, Rhea Mogul, Sandi Sidhu and Mohit Lathiya, CNN A marigold garland hangs across a photo frame with the faces of 12 members of the…

Twitter briefly rolled out gray ‘official’ check marks. Then Elon Musk changed his mind

November 8, 2022 5:41 PM CNN Newsource

By Brian Fung, CNN A new verification mark intended to better identify prominent Twitter accounts has instead become the latest source of chaos at…

Wall Street Journal: Mark Zuckerberg tells employees layoffs coming Wednesday

November 8, 2022 3:58 PM CNN Newsource

By Catherine Thorbecke, CNN Business Meta CEO Mark Zuckerberg told company executives that major layoffs at the tech giant will begin on Wednesday…

Disney+ beats subscriber expectations but that growth came at a cost

November 8, 2022 2:25 PM CNN Newsource

By Frank Pallotta, CNN Business Disney’s fourth quarter earnings were a mix of good and bad news for the company. The good: the company added…

Wall Street is bracing for a potential game changer, but it’s not the election

November 8, 2022 12:38 PM CNN Newsource

By Matt Egan, CNN Business Wall Street is waiting for the results of Tuesday’s midterm election like the rest of the world, but traders say…

EU opens deeper probe of Microsoft’s Activision deal

November 8, 2022 12:19 PM CNN Newsource

By Brian Fung, CNN Business The European Union is taking a closer look at Microsoft’s proposed $68.7 billion purchase of video game giant…

Stocks rise as Americans head to the polls

November 8, 2022 11:41 AM CNN

By Paul R. La Monica, CNN Business #RedWave? #VoteBlue? Wall Street saw green on this midterm Election Day. Stocks ended Tuesday with solid gains,…

Stocks rise as Americans head to the polls

November 8, 2022 11:33 AM CNN Newsource

By Paul R. La Monica, CNN Business #RedWave? #VoteBlue? Wall Street saw green on this midterm Election Day. Stocks ended Tuesday with solid gains,…

A single winning ticket for the $2.04 billion Powerball jackpot was sold in California

November 7, 2022 11:06 PM CNN

By Aya Elamroussi and Dakin Andone, CNN A lone winning ticket for the record $2.04 billion Powerball lottery jackpot was sold in Altadena,…

Advertisers crack jokes about the end times and turnip lattes as inflation bites

November 8, 2022 6:54 AM CNN Newsource

By Julia Horowitz, CNN Business A woman maneuvers her car onto a street called “Wits’ End.” The sky is an ominous red, and strange…

Election Day deals: Donuts, pizza and cheap rides

November 8, 2022 7:25 AM CNN

It’s Election Day in America, and some companies are offering deals and freebies to mark the occasion, while others are giving employees time off to…

Getting laid off? Know your rights

November 8, 2022 7:49 AM CNN Newsource

By Jeanne Sahadi, CNN Business The abrupt and unceremonious way that thousands of Twitter employees got laid off last week was a spectacle. But it…

Paramount took a risk keeping ‘Top Gun’ grounded for two years. It was this year’s biggest hit

November 8, 2022 4:10 AM CNN

“Top Gun: Maverick” was never going to be an easy…

A plan to tax the rich to fund electric defeated by California voters

November 8, 2022 10:42 AM CNN Newsource

By Peter Valdes-Dapena, CNN Business California has long been a leader among states, and even countries, in promoting a shift to electric cars,…

Why these five states don’t sell lottery tickets

November 8, 2022 4:52 AM CNN

By Nathaniel Meyersohn, CNN Business If residents of Alabama, Utah, Alaska, Hawaii or Nevada wanted a chance to win this week’s record…

A former NBA champion is changing ‘how the world builds’ to fight the climate crisis

November 8, 2022 9:58 AM CNN

By Hanna Ziady, CNN Business Three years ago, a hurricane devastated the Bahamas, claiming dozens of lives. Today, the country is building what it…

Trump-linked SPAC stock goes bonkers ahead of midterms

November 8, 2022 9:27 AM CNN Newsource

By Paul R. La Monica, CNN Business Many political experts are predicting big Republican wins in the midterm elections that could give the GOP control…

Proposed tie-up sends shockwaves through crypto markets

November 8, 2022 8:43 AM CNN Newsource

By Allison Morrow, CNN Business In an unexpected twist, the cryptocurrency exchange Binance said it is buying its smaller rival FTX after the firm…

Elizabeth Holmes’ request for a new trial is denied

November 8, 2022 7:35 AM CNN Newsource

By Rachel Metz and Catherine Thorbecke, CNN A federal judge has denied Elizabeth Holmes’ request for a new trial, according to court filings on…

Paramount took a risk keeping ‘Top Gun’ grounded for two years. It was this year’s biggest hit

November 8, 2022 7:32 AM CNN

By Frank Pallotta, CNN Business “Top Gun: Maverick” was never going to be an easy sell. Sure, the film starred Tom Cruise — arguably…

Doughnuts, pizza and cheap rides: Election Day deals are here

November 8, 2022 7:25 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business It’s Election Day in America, and some companies are offering deals and freebies to mark the occasion,…

Adidas scoops up CEO who turned around rival Puma

November 8, 2022 7:16 AM CNN Newsource

By Hanna Ziady, CNN Business Adidas has appointed the head of Puma to succeed outgoing CEO Kasper Rorsted, betting on his ability to replicate its…

A beginner’s guide to Mastodon, the Twitter alternative that’s on 🔥

November 8, 2022 6:11 AM CNN Newsource

By Rachel Metz, CNN Business If you’ve heard the word “mastodon” a lot since Elon Musk took over Twitter in late October,…

Companies are back to hosting lavish parties and expensive dinners

November 8, 2022 6:07 AM CNN Newsource

By Alexandra Peers CNN Business Samuel Roe, regional sales manager for Terlato Wines, had business associates visiting a few weeks ago and called a…

What midterm elections could mean for the US economy

November 8, 2022 5:49 AM CNN Newsource

By Nicole Goodkind, CNN Business Tuesday’s midterm elections come at a time of economic vulnerability for the United States. Recession…

Powerball used to have a jackpot limit. Then it exploded

November 8, 2022 4:52 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business The latest Powerball lottery jackpot topped $2 billion, making it the largest lotto prize ever. But in 1987 when…

iPhone factory workers in China offered bonuses to return to work

November 8, 2022 4:46 AM CNN Newsource

By Diksha Madhok, Irene Nasser, Arnaud Siad and CNN’s Beijing Bureau One of Apple’s largest suppliers is trying to strike a delicate…

Paramount took a risk keeping ‘Top Gun’ grounded for two years. It was this year’s biggest hit

November 8, 2022 4:10 AM CNN Newsource

By Frank Pallotta, CNN Business “Top Gun: Maverick” was never going to be an easy sell. Sure, the film starred Tom Cruise — arguably…

Founder of beloved Malaysian noodle snack Mamee dies at 92

November 8, 2022 2:46 AM CNN Newsource

By Michelle Toh, CNN Business The founder of Mamee Monster, the iconic Southeast Asian noodle snack brand, has died, the company confirmed Tuesday.…

Iran accused of plotting to kill two journalists in UK

November 8, 2022 2:43 AM CNN Newsource

By Sahar Akbarzai and Lauren Kent, CNN Two British-Iranian journalists working in the United Kingdom have been warned by police of a…

Taiwan’s virtual beauty brand struggles on Wall Street debut

November 7, 2022 10:52 PM CNN Newsource

By Michelle Toh, CNN Business Taiwan’s latest entrant to Wall Street has had a rough ride since it went public a week ago. Shares of Perfect…

The world needs India to avert climate catastrophe. Can Modi deliver?

November 7, 2022 9:49 PM CNN Newsource

By Tara Subramaniam, CNN It’s not unusual for temperatures in India’s Thar Desert to reach 48 degrees Celsius (118 degrees Fahrenheit).…

What our collective Powerball escapism can tell us about the US economy

November 7, 2022 6:01 PM CNN

By Allison Morrow, CNN Business The economy of the 2020s is a tough one to read. Like, are we in a recession? Technically, no, but…

Biden’s stock market record so far is the second worst since Jimmy Carter

November 7, 2022 3:46 PM CNN Newsource

By Matt Egan, CNN Business The stock market under President Biden started with a boom, but it heads into the midterm elections looking more like a…

US consumers borrowed $25 billion more in September

November 7, 2022 1:19 PM CNN Newsource

By Alicia Wallace, CNN Business American consumers borrowed another $25 billion in September, according to newly released Federal Reserve data, as…

Why Apple may be working on a ‘hey Siri’ change

November 7, 2022 11:47 AM CNN Newsource

By Samantha Murphy Kelly, CNN Business Apple reportedly wants to put an end to “Hey.” The company is said to be training its voice…

Carvana stock plummets as used car prices fall

November 7, 2022 3:21 PM CNN Newsource

By Jennifer Korn Shares of used car marketplace Carvana continued to plummet Monday, falling over 50% over the past two trading days, following a…

What will the Fed do next? Follow the economy, not what Jerome Powell says

November 7, 2022 11:14 AM CNN Newsource

By Paul R. La Monica, CNN Business The stock market has been on a roller coaster ride, largely because of Wall Street’s shifting expectations…

Interest rates will keep rising. How high will they go?

November 4, 2022 5:43 AM CNN Newsource

By Nicole Goodkind, CNN Business What will the Federal Reserve do at its meeting in December? Analysts can speculate all they want, but Fed officials…

Why Costco and Trader Joe’s stopped selling your favorite food

November 5, 2022 4:58 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Chances are, you’ve been there: You head to Trader Joe’s to buy caramel popcorn, churro bites and…

Wall Street Journal: Meta is planning significant layoffs

November 7, 2022 10:58 AM CNN Newsource

By Catherine Thorbecke, CNN Business Facebook-parent Meta is planning the first significant layoffs in its history as the company grapples with a…

Facebook parent company Meta will lay off 11,000 employees

November 7, 2022 10:58 AM CNN

By Catherine Thorbecke, CNN Business Facebook parent company Meta on Wednesday said it is laying off 11,000 employees, marking the most significant…

Twitter could be a new wild card for the midterms

November 7, 2022 4:24 AM CNN Newsource

By Brian Fung, CNN Business For years, Twitter has been a leader in countering misinformation and protecting elections. It was often ahead of its…

A recession in the US is not a slam dunk, Goldman Sachs says

November 7, 2022 9:15 AM CNN Newsource

By Matt Egan, CNN Business While investors, business leaders and some economic models continue to warn a recession is imminent, Wall Street’s…

Airbnb to make prices clearer after user complaints of hidden fees

November 7, 2022 9:39 AM CNN Newsource

By Jennifer Korn, CNN Business Airbnb on Monday said it plans to make the total cost of rental properties, including all fees, clearer to customers…

Former MoviePass executives face fraud charges

November 6, 2022 10:57 AM CNN

By Jennifer Korn MoviePass’s former CEO and the leader of its former parent company have been indicted on securities fraud charges for…

A former NBA champion is changing ‘how the world builds’ to fight the climate crisis

November 7, 2022 9:06 AM CNN Newsource

By Hanna Ziady, CNN Business Three years ago, a hurricane devastated the Bahamas, claiming dozens of lives. Today, the country is building what it…

What the wave of tech layoffs tell us about the economy

November 7, 2022 5:20 AM CNN Newsource

By Nicole Goodkind, CNN Business Friday’s jobs report came in strong: the US economy added 261,000 new jobs in October, blowing away analyst…

Ryanair is booming as flyers ditch pricier airlines

November 7, 2022 4:25 AM CNN Newsource

By Hanna Ziady, CNN Business Ryanair carried a record number of passengers over the summer and says its budget friendly airfares will attract even…

Apple expects iPhone 14 shipments to be hit by China’s Covid curbs

November 6, 2022 9:36 PM CNN Newsource

By Diksha Madhok, CNN Business Apple has said that shipments of its latest lineup of iPhones will be “temporarily impacted” by Covid…

Apple expects iPhone 14 shipments to be hit by China’s Covid curbs

November 6, 2022 9:36 PM CNN

By Diksha Madhok, CNN Business Apple has said that shipments of its latest lineup of iPhones will be “temporarily impacted” by Covid…

Elon Musk delays $8 ‘blue check’ Twitter verification plan until after the midterms

November 6, 2022 1:57 PM CNN Newsource

By Jennifer Korn and Donie O’Sullivan, CNN Business Twitter is delaying the rollout of account verifications for its paid Twitter Blue…

Workers vote against first unionizing effort at Home Depot

November 6, 2022 11:23 AM CNN Newsource

By Chris Isidore, CNN Business Workers at a Home Depot in Philadelphia overwhelmingly voted against becoming the first store in the chain to be…

Former MoviePass executives face fraud charges

November 6, 2022 10:33 AM CNN Newsource

By Jennifer Korn MoviePass’s former CEO and the leader of its former parent company have been indicted on securities fraud charges for…

‘SNL’ has Trump plead his case to restore banned Twitter account

November 6, 2022 7:00 AM CNN

By Frank Pallotta, CNN Business It’s been a crazy few weeks for Twitter, and “SNL” made the most of the chaos. Elon Musk completed…

‘SNL’ has Trump plead his case to restore banned Twitter account

November 6, 2022 7:00 AM CNN Newsource

By Frank Pallotta, CNN Business It’s been a crazy few weeks for Twitter, and “SNL” made the most of the chaos. Elon Musk completed…

How the midterms could affect Wall Street

November 6, 2022 5:27 AM CNN Newsource

By Paul R. La Monica, CNN Business Last week was a volatile one on Wall Street, with stocks falling after Federal Reserve chair Jerome Powell dashed…

With Twitter in chaos, Mastodon is on fire

November 5, 2022 7:51 PM CNN

By Rachel Metz, CNN Business In the week since Elon Musk took over Twitter, the number of people signing up for a small social network called…

Elon Musk sold nearly $4 billion worth of Tesla stock since Twitter deal closed

November 5, 2022 2:41 PM CNN

By Chris Isidore, CNN Business Elon Musk sold $3.95 billion worth of Tesla stock since completing his purchase of Twitter late last month.…

Twitter prepares to roll out new paid subscription service that includes blue checkmark

November 5, 2022 2:38 PM CNN Newsource

by Brian Fung, CNN Twitter on Saturday launched an updated version of its iOS app that promises to allow users to pay a monthly subscription to…

Why is the Powerball prize at a record? Thank Fed Chairman Jerome Powell

November 5, 2022 7:35 AM CNN Newsource

By Chris Isidore, CNN Business One of the reasons for the record $2.04 billion jackpot for the Powerball drawing, which was announced Tuesday…

NBC News pulls report on Paul Pelosi attack

November 5, 2022 4:37 AM CNN Newsource

By Oliver Darcy, CNN Business NBC News on Friday pulled a report about the attack on Paul Pelosi that the network said did not meet its standards.…

With Twitter in chaos, Mastodon is on fire

November 5, 2022 3:03 AM CNN

By Rachel Metz, CNN Business In the week since Elon Musk took over Twitter, the number of people signing up for a small social network called…

With Twitter in chaos, Mastodon is on fire

November 5, 2022 3:03 AM CNN Newsource

By Rachel Metz, CNN Business In the week since Elon Musk took over Twitter, the number of people signing up for a small social network called…

Nike suspends relationship with Kyrie Irving

November 4, 2022 8:15 PM CNN Newsource

By Jill Martin and Aya Elamroussi, CNN Nike is suspending its relationship with Brooklyn Nets point guard Kyrie Irving, the company said in an…

Elon Musk gives ultimatum to Twitter employees: Do ‘extremely hardcore’ work or get out

November 4, 2022 5:48 PM CNN

By Donie O’Sullivan and Clare Duffy, CNN Business Twitter’s new owner Elon Musk has given employees until Thursday evening to commit to…