Money

By Hanna Ziady, CNN Aldi recorded its highest-ever December sales in the United Kingdom, as shoppers squeezed by searing food price inflation flocked to the German discount supermarket chain to save money on groceries. Sales topped £1.4 billion ($1.7 billion) for the first time, up 26% year on year, with the FIFA World Cup also

By Paul R. La Monica, CNN Inflation fears roiled the markets in 2022. Now, investors may have scarier things to worry about in 2023, according to a report from global research and consulting firm Eurasia Group. Most notable? Concerns about the increasingly chaotic geopolitical landscape. “Inflation shockwaves” still feature as one of Eurasia’s top political

By Oliver Darcy, CNN Business “Sports is important. And suddenly it’s not.” Those were the salient words of “SportsCenter” host Scott Van Pelt Monday night after Damar Hamlin suddenly collapsed on the field during the high stakes Bills-Bengals game. Within moments, Van Pelt knew that the injury was very different than those normally sustained on

By Swati Gupta and Rhea Mogul, CNN Angry crowds gathered in Delhi on Tuesday, demanding justice for a scooter rider who was killed and dragged by a car for miles through the streets of India’s capital. Delhi police said the 20-year-old woman’s scooter collided with the car in the early hours of January 1 before

By Emiko Jozuka and Jessie Yeung, CNN Japan is offering to pay families to move out of its overcrowded capital, in an effort to revitalize countryside towns and boost the falling birth rate. Starting in April, families in the Tokyo metropolitan area, including those headed by single parents, will be eligible to receive 1 million

Sophia Saifi and Diksha Madhok Pakistan’s economic woes show no signs of letting up in 2023. The South Asian nation announced a new energy conservation plan Tuesday as its fragile economy continues to struggle with multiple challenges. The government has ordered all markets to close by 8.30 pm and restaurants by 10 pm, according to

By Nathaniel Meyersohn, CNN Business Victoria’s Secret brand CEO Amy Hauk has resigned less than a year into the job, the company said Tuesday. Hauk, who was also CEO of the company’s Pink apparel brand geared to teens, notified the company of her resignation last week, the company said. She will leave Victoria’s Secret in

By Jordan Valinsky, CNN Fox Sports host Skip Bayless apologized for hosting his FS1 show “Undisputed” Tuesday morning following a controversial tweet about a football player who suffered a medical emergency during a game. His co-host, former NFL player Shannon Sharpe, did not appear. Buffalo Bills safety Damar Hamlin collapsed mid-game during Monday night’s contest

By Jordan Valinsky, CNN Business “The View” returned from its holiday hiatus to pay tribute to its creator, Barbara Walters, who died last week at 93 years old. Whoopi Goldberg began the show saying tributes were “pouring in from around the world” to celebrate Walters’ life and legacy. “The reason why we’re all sitting here,

By Kara Scannell, CNN Sam Bankman-Fried, the founder of bankrupt crypto exchange FTX, pleaded not guilty to criminal charges, setting up a high-stakes legal battle that pits him against two of his closest former business partners. The 30-year-old entrepreneur, who is out on a $250 million bond, was arraigned in federal court in Manhattan on

By Anna Cooban, CNN European and Asian stocks pushed higher on the first major trading day of 2023 as investors try to look beyond a gloomy outlook for the world economy, China’s worst Covid outbreak and stubbornly high inflation in Europe. But after a positive start, Wall Street succumbed to fear again. US stocks opened

By Tami Luhby, CNN Workers who stick with the same employers are enjoying the biggest raises in nearly a quarter century. In November, the median wage growth over the past year for job stayers was 5.5%, according to the Federal Reserve Bank of Atlanta, which began keeping records in 1997. (Job switchers have had it

By Donie O’Sullivan, CNN Facebook’s parent company Meta is considering whether to allow former President Donald Trump back on to its platforms and is due to announce its decision in the coming weeks, a company spokesperson told CNN on Monday. The decision, likely to be one of the most consequential in the company’s history, is

By Diksha Madhok, CNN This year is going to be tougher on the global economy than the one we have left behind, the International Monetary Fund’s (IMF) chief Kristalina Georgieva has warned. “Why? Because the three big economies, US, EU, China, are all slowing down simultaneously,” she said in an interview that aired on CBS

By Laura He, CNN China’s economy grew at least 4.4% in 2022, according to leader Xi Jinping, a figure much stronger than many economists had expected. But the current Covid wave may hobble growth in the months ahead. China’s annual GDP is expected to have exceeded 120 trillion yuan ($17.4 trillion) last year, Xi said

By Celina Tebor, Liam Reilly and Alaa Elassar, CNN Nearly 4,000 union nurses at NewYork-Presbyterian Hospital have reached a tentative agreement on a contract, while approximately 12,000 nurses at seven other hospitals will move forward with their intention to strike beginning January 9. New York State Nurses Association members at NewYork-Presbyterian reached a tentative deal

By Parija Kavilanz, CNN Many of us will close out 2022 with celebrations that stretch well into the wee hours of New Year’s Day. But when Jan. 1, 2023 gets underway, we’ll just as likely return to familiar routines and habits — caffeine? — and even add in some new resolutions, like a morning walk

By David Goldman, Allison Morrow and Alicia Wallace, CNN After years of legal battles, pontificating and theorizing, former President Donald Trump’s tax returns from 2015 to 2020 are now part of the public record. Many critics and political opponents have theorized that Trump fought the public disclosure of his tax returns because they potentially provided

By Tricia Escobedo, CNN Every New Year’s Eve, Anderson Cooper and Andy Cohen host four-and-a-half hours of live television, joined by celebrity guests and performers, as they count down to the new year. It’s a huge production, so as we head into this New Year’s weekend, we reached out to the team that has produced

By Alicia Wallace, CNN The current period of high inflation that has significantly impacted the US economy will also influence a New Year’s tradition: The annual state minimum wage increases. By January 1, hourly minimum wages in 23 states will rise as part of previously scheduled efforts to reach $15 an hour or to account

By Liam Reilly, CNN Approximately 16,000 union nurses have delivered notices to eight New York City hospitals announcing their intention to strike beginning on January 9th if a new contract agreement is not reached by then, according to a press release from the New York State Nurses Association (NYSNA). “NYSNA will continue to bargain non-stop

By Nicole Goodkind, CNN Verbose writers afflicted with the tendency to deliver copy well above their requested word count are often advised by editors to kill their darlings — to throw out large swaths of stories that they’re particularly fond of. It appears that Wall Street has also caught on to the concept. This was

By Laura He, CNN As China moves ever closer to fully reemerging from three years of government-imposed Covid isolation and reintegrating with the world, economic expectations are high. Beijing’s recent pivot from its stringent zero-Covid strategy — which had long choked businesses — is expected to inject vitality into the world’s second-largest economy next year.

By Jordan Valinsky and Chris Isidore, CNN Tesla’s stock is finishing out its tumultuous year with yet more turbulence: It’s up almost 6% Thursday, but still down more than 10% since last week. And a new cut to its price target from Morgan Stanley isn’t helping. Year-to-date, the stock is down about 70%. Morgan Stanley

By Clare Sebastian, CNN Russia’s currency hit an eight-month low Thursday, adding to sharp declines in December as global oil prices fell, and Western sanctions targeted Russia’s energy sector. The ruble hovered below 72 to the dollar, down 18% from the start of the month, and its weakest level since late April. After almost halving

By Nicole Goodkind, CNN Business This hasn’t been a good year for the equities market. The S&P 500 is down nearly 20% and with two trading days left in the year, investors’ hopes of a miraculous recovery have been dashed. But even when the overall market is losing, there are still winners — and there

by Diksha Madhok Users around the world struggled to access Twitter on Wednesday—even as an error message urged “don’t fret… Let’s try again.” As intermittent outages spread, the hashtag #TwitterDown began to trend globally. “User reports indicate Twitter is having problems since 7:13 pm EST,” according to outage detection site Downdetector, where many of the

By Alicia Wallace, CNN For a year that held promise of a return to normalcy, 2022 threw plenty of curve balls at the American consumer. Supply chains remained in disarray as ongoing snarls were drastically worsened by lockdowns in China and Russia’s invasion of Ukraine, average US gas prices shot north of $5 per gallon

By Jennifer Korn, CNN Many Southwest customers have been desperately trying something — anything — that will get them back home. But some passengers have been horrified to find other airlines posting last-minute flights to their destinations that can cost thousands of dollars. United and American Airlines say they have a solution: The airlines will

By Nicole Goodkind, CNN December is a month full of market predictions for the year to come. Everyone, from economists to analysts to grocers, seems to have a strong feeling about how stocks will behave going forward. Here’s the thing: They’re almost always wrong. What’s happening: Last year, Goldman Sachs analysts predicted that the S&P

By Tara Mulholland, CNN Kabosu, the internet-famous dog who inspired the “doge” meme and influenced digital culture for a decade, is seriously ill with leukemia and liver disease. The 17-year-old shiba inu stopped “eating and drinking voluntarily” on Christmas Eve, and has been diagnosed with acute cholangiohepatitis and chronic lymphoma leukemia, according to a series

By Uliana Pavlova, CNN Russian President Vladimir Putin signed a decree on Tuesday banning oil supplies to countries that have introduced price caps on Russian oil and petroleum products, according to the decree published on the Kremlin’s website — a move that may prove to be largely symbolic. Earlier this month, Western countries implemented a

By Laura He, CNN China’s gross domestic product (GDP) for 2021 was over half a trillion yuan more than initially calculated, official data revealed Tuesday. The update comes at a time the world’s second-largest economy faces severe strain from an unprecedented wave of Covid infections sweeping the country. The new data from China’s National Bureau

By Rhea Mogul, CNN Ukrainian President Volodymyr Zelensky said Monday he was relying on India’s help to implement a “peace formula” during a phone call with Prime Minister Narendra Modi. The call comes as New Delhi seeks to boost trade ties with Moscow after becoming one of the largest purchasers of Russian oil — defying