Money Archives

The Fed’s favorite inflation measure ticked even higher last month

March 31, 2022 6:33 AM CNN Newsource

By Anneken Tappe, CNN Business America’s inflation problem didn’t abate in February, as another key price measure rose to a 40-year high.…

Biden’s oil reserve plan only covers a third of Russia’s shortfall

March 31, 2022 6:11 AM CNN Newsource

By Julia Horowitz, CNN Business Oil prices are pulling back sharply as investors gear up for the White House to potentially unleash a record amount…

Putin’s plan to prop up the ruble is working. For now

March 31, 2022 5:53 AM CNN

By Charles Riley, CNN Business The barrage of sanctions imposed by the West following Russia’s invasion of Ukraine decimated the ruble. But one…

The next phase of the US jobs recovery has begun

March 31, 2022 5:49 AM CNN Newsource

By Anneken Tappe, CNN Business The US jobs market has come a long way since the worst days of the pandemic when more than 20 million Americans lost…

Blue Origin successfully completes fourth space tourism mission

March 31, 2022 5:41 AM CNN Newsource

By Jackie Wattles, CNN Business Jeff Bezos’ Blue Origin just launched its fourth successful space tourism mission, putting yet another feather…

Amazon announces huge rocket deal to launch its satellite internet constellation

March 31, 2022 5:41 AM CNN

By Jackie Wattles, CNN Business Amazon is moving its business into the exosphere, with plans to deploy more than 3,000 satellites to beam internet…

America’s home builders are getting squeezed by the war in Ukraine. Here’s how

March 31, 2022 4:57 AM CNN Newsource

By Alicia Wallace, CNN Business For the past few years, developer and home builder Estridge Homes could bank on the price quotes it received for…

Putin’s plan to prop up the ruble is working. For now

March 31, 2022 4:54 AM CNN Newsource

By Charles Riley, CNN Business The barrage of sanctions imposed by the West following Russia’s invasion of Ukraine decimated the ruble. But one…

Here’s when you’ll get some relief from high energy prices

March 31, 2022 4:31 AM CNN Newsource

By Matt Egan, CNN Business Oil prices will probably stay near triple-digits and could even spike to $150 a barrel if the war in Ukraine severely…

Weddings are booming again. They’re bigger and more expensive than ever

March 30, 2022 1:18 PM CNN

By Parija Kavilanz, CNN Business Two years of pandemic uncertainty forced many couples to postpone or even cancel their nuptial celebrations. But…

Signs of a housing bubble are brewing

March 30, 2022 3:54 PM CNN Newsource

By Anna Bahney, CNN Business US home prices have soared to new heights and keep on climbing, and now some researchers and economists are saying they…

Judge holds Alex Jones in contempt of court for refusing to appear for Sandy Hook depositions

March 30, 2022 3:51 PM CNN Newsource

By Sonia Moghe, CNN A Connecticut judge is holding notorious conspiracy theorist Alex Jones in contempt of court after he failed to comply with…

Senate votes to advance Alvaro Bedoya’s FTC confirmation

March 30, 2022 2:28 PM CNN Newsource

By Brian Fung, CNN Business One of President Joe Biden’s key administrative nominees is a step closer to confirmation after Alvaro Bedoya,…

Here’s why Tesla shares are on fire again

March 30, 2022 2:18 PM CNN Newsource

By Chris Isidore, CNN Business Tesla shares have been on a tear in recent weeks as Elon Musk marked the company’s first deliveries from its new…

Ditching fossil fuels makes even more sense now

March 30, 2022 2:11 PM CNN Newsource

Opinion by Senator Markey and Mark Wolfe for CNN Business Perspectives The surging and volatile oil and gas prices created by Russian President…

Weddings are booming again. They’re bigger and more expensive than ever

March 30, 2022 1:18 PM CNN Newsource

By Parija Kavilanz, CNN Business Two years of pandemic uncertainty forced many couples to postpone or even cancel their nuptial celebrations. But…

Toys ‘R’ Us is gone. This discount toy store is filling the void

March 30, 2022 10:34 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Toys “R” Us filed for bankruptcy in 2017 and closed all of its stores. That’s left an opening…

Wind and solar generated a record 10% of the world’s power in 2021, report shows

March 30, 2022 2:28 AM CNN Newsource

Story by Reuters and Angela Dewan, CNN Business The world generated a record 10% of its electricity from wind and solar in 2021 and clean sources…

The Great Resignation is taking root around the world

March 30, 2022 4:05 AM CNN Newsource

By Julia Horowitz, CNN Business In the past 12 months, a record number of Americans have quit their jobs, and workers around the world have been…

Two Amazon warehouses are vying to make history with company’s first union, but they’re very different

March 30, 2022 9:06 AM CNN

By Sara Ashley O’Brien, CNN Business After going 27 years without a US union, Amazon now faces a test from elections at not one but two of its…

Why the global supply chain mess is getting so much worse

March 30, 2022 8:26 AM CNN Newsource

By Chris Isidore, CNN Business Problems with global supply chains were supposed to be getting better by now. Instead, experts say they are getting…

US employers added 455,000 private-sector jobs in March, slightly above forecast

March 30, 2022 6:31 AM CNN Newsource

By Anneken Tappe, CNN Business America’s private sector added 455,000 jobs in March, the ADP Employment Report showed Wednesday. That was…

Rent relief helped prevent more than one million evictions in 2021

March 30, 2022 6:31 AM CNN

By Anna Bahney, CNN Business The federal government’s emergency rental assistance program helped prevent more than one million evictions last…

e.l.f Cosmetics and Dunkin’ launch a makeup collection

March 30, 2022 6:01 AM CNN Newsource

By Parija Kavilanz, CNN Business Makeup that smells like your favorite Dunkin’ coffee and donut combo? Really. It’s a thing. TikTok fav…

Do bond investors know something others don’t?

March 30, 2022 5:53 AM CNN Newsource

By Julia Horowitz, CNN Business As Wall Street regains its footing following the invasion of Ukraine, stocks have been staging a steady comeback. But…

Russian oil tankers are vanishing off the map

March 30, 2022 4:20 AM CNN Newsource

By Matt Egan, CNN Business Russia’s invasion of Ukraine made the country a pariah in the global energy market. Since the war started, a de…

Germany issues ‘early warning’ of possible gas shortages as Russia threatens supplies

March 30, 2022 2:00 AM CNN Newsource

By Mark Thompson, CNN Business Germany issued an “early warning” of possible natural gas shortages on Wednesday over a payments dispute…

Indian firefighters battle Delhi landfill blaze as air fills with toxic fumes

March 30, 2022 12:51 AM CNN Newsource

By Esha Mitra and Rhea Mogul, CNN Firefighters in India’s capital said Wednesday they are close to extinguishing a fire at a landfill site that…

How an Oscars photographer captured the moment Will Smith slapped Chris Rock

March 29, 2022 10:29 PM CNN

By Frank Pallotta, CNN Business Will Smith striking Chris Rock at Sunday’s Academy Awards will go down as one of the most shocking moments in…

Carl Icahn targets Kroger over pig welfare

March 29, 2022 3:43 PM CNN Newsource

By Danielle Wiener-Bronner, CNN Business A month after setting his sights on McDonald’s over pig welfare, investor Carl Icahn has turned his…

Companies are spending more than ever buying their own stock. Joe Biden wants to put a stop to that

March 29, 2022 3:42 PM CNN Newsource

By Nicole Goodkind, CNN Business President Joe Biden delivered a strong message to corporate executives this week in his 2023 spending plan: Share…

For Will Smith, the damage has been done

March 29, 2022 2:56 PM CNN Newsource

Opinion by Bill Carter for CNN Business Perspectives While Will Smith apologized to Chris Rock and the Academy Tuesday for the slap heard around the…

Hackers steal over $600 million from video game Axie Infinity’s Ronin network

March 29, 2022 2:02 PM CNN Newsource

By Jennifer Korn The latest crypto hack has targeted a gaming-focused blockchain network that supports the popular video game Axie Infinity. Hackers…

We’re nearing a recession, if this always-accurate indicator is right again

March 29, 2022 12:39 PM CNN Newsource

By Lucy Bayly, CNN Business The bond market just flashed a warning sign that has correctly predicted almost every recession over the past 60 years:…

SPACs are no longer the ‘it’ investment

March 29, 2022 11:25 AM CNN Newsource

By Paul R. La Monica, CNN Business Stocks may be making a comeback lately. Ditto for bitcoin and other cryptocurrencies. But one speculative corner…

Prenuptial agreements aren’t just for the rich. Here’s what you should know

March 29, 2022 11:01 AM CNN Newsource

By Ramishah Maruf, CNN Few people get married thinking they’re going to get divorced. Or about divvying up money or assets after a marriage…

How Europe’s bold new rules for Big Tech could change the services you use

March 29, 2022 10:32 AM CNN Newsource

By Brian Fung and Clare Duffy, CNN Business Apple users could soon install apps outside the App Store. WhatsApp users could message or video call…

How an Oscars photographer captured the moment Will Smith slapped Chris Rock

March 29, 2022 8:24 AM CNN Newsource

By Frank Pallotta, CNN Business Will Smith striking Chris Rock at Sunday’s Academy Awards will go down as one of the most shocking moments in…

The great resignation continues: 4.4 million Americans quit their jobs last month

March 29, 2022 8:15 AM CNN Newsource

By Anneken Tappe, CNN Business The worker shortage has been a hallmark of the pandemic economy — and it’s far from getting resolved. In…

Barclays hit by $590 million US market blunder and stake sale

March 29, 2022 7:29 AM CNN Newsource

By Reuters Shares in Barclays fell as much as 6% in early trading on Tuesday, after one of its top investors offloaded a $1.2 billion chunk of stock…

US oil briefly sinks below $100 after Russia says it will ‘drastically reduce’ assault on Kyiv

March 29, 2022 7:22 AM CNN Newsource

By Matt Egan, CNN Business US oil prices briefly tumbled below $100 a barrel on Tuesday but the losses proved fleeting as investors try to make sense…

Home prices rose 19.2% in January from last year

March 29, 2022 7:11 AM CNN Newsource

By Anna Bahney, CNN Business Home prices continued to surge higher in January. Prices rose 19.2% in January from the year before, up from an 18.9%…

Will Russia use its gas to ‘blackmail’ Europe? We’re about to find out

March 29, 2022 6:38 AM CNN Newsource

By Charles Riley, CNN Business In the weeks since Russia invaded Ukraine, Moscow has continued to ship natural gas westward and Europe has used the…

What Apple’s surging stock says about the market

March 29, 2022 6:15 AM CNN Newsource

By Julia Horowitz, CNN Business One month ago, when Russia’s war in Ukraine erupted, fearful investors yanked their money out of riskier bets…

Do bond investors know something others don’t?

March 29, 2022 6:15 AM CNN

By Julia Horowitz, CNN Business As Wall Street regains its footing following the invasion of Ukraine, stocks have been staging a steady comeback. But…

Tech leaders are delusional if they think Web3 will give power back to the people

March 29, 2022 6:08 AM CNN Newsource

Scott Galloway, for CNN Business Perspectives Similar to “the internet” or “cryptocurrency” in their infancy, the term…

Tech leaders are delusional if they think Web3 will give power back to the people

March 29, 2022 5:47 AM CNN

Scott Galloway, for CNN Business Perspectives Similar to “the internet” or “cryptocurrency” in their infancy, the term…

Why high inflation can become a self-fulfilling prophecy

March 29, 2022 5:06 AM CNN Newsource

By Anneken Tappe, CNN Business Soaring prices are weighing on consumer sentiment, but Americans have not cut back on their spending — at least…

Radiation exposure drug maker says it is ramping up supply in Europe

March 29, 2022 4:38 AM CNN Newsource

By Parija Kavilanz, CNN Business Russia’s refusal to rule out nuclear war has put the world in an unsettling reality: The unthinkable is…

Starbucks needs a better leadership plan than Howard Schultz

March 29, 2022 4:32 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business On the morning of its annual meeting earlier this month, Starbucks made a surprising announcement. After a…

CNN+ is here: What to expect from the subscription news streamer

March 28, 2022 4:27 PM CNN Newsource

By Brian Stelter, CNN Business On Tuesday CNN is introducing CNN+, a subscription streaming service that combines live news coverage, on-demand…

CNN+ is here: What to expect from the subscription news streamer

March 28, 2022 4:27 PM CNN

By Brian Stelter, CNN Business On Tuesday CNN is introducing CNN+, a subscription streaming service that combines live news coverage, on-demand…

Companies are making a big push to help Ukrainian refugees get jobs

March 28, 2022 2:19 PM CNN Newsource

By Jeanne Sahadi, CNN Business The practical, financial and emotional difficulties of being a refugee are unfathomable. But for the millions of…

Here’s who’s flying on Thursday’s Blue Origin space launch

March 28, 2022 11:38 AM CNN

By Catherine Thorbecke and Jackie Wattles, CNN Pete Davidson was initially slated to be the next headline-grabbing name to take flight aboard the…

Oscar ratings surge after historic lows last year

March 28, 2022 11:27 AM CNN Newsource

By Frank Pallotta, CNN Business The 94th Academy Awards featured one of the most shocking moments in the show’s long history. It also included…

Credit Suisse faces US probe after telling investors to ‘destroy documents’ linked to oligarch yacht loans

March 28, 2022 11:07 AM CNN Newsource

By Matt Egan, CNN Business The House Oversight Committee launched a probe Monday into Credit Suisse, demanding documents linked to the bank’s…

When will rate hikes really start punishing you?

March 27, 2022 5:38 AM CNN Newsource

By Paul R. La Monica, CNN Business The Federal Reserve has already raised interest rates once this year and is likely to keep hiking them for the…

Why Amazon makes you click a box to redeem coupons

March 26, 2022 5:34 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Saving money can take a little extra effort: clipping coupons, searching for a promotional code, signing up for…

How to invest in tech and leave Facebook behind

March 28, 2022 10:14 AM CNN Newsource

By Paul R. La Monica, CNN Business Tech stocks have taken a tumble this year, but some investing experts say there are now plenty of good values in…

Here’s who’s flying on Thursday’s Blue Origin space launch

March 28, 2022 9:50 AM CNN Newsource

By Catherine Thorbecke and Jackie Wattles, CNN Pete Davidson was initially slated to be the next headline-grabbing name to take flight aboard the…

Girls Who Code founder: Women need flexibility in the workplace

March 28, 2022 9:30 AM CNN

As told to by Sabina Bhatia, deputy secretary of the International Monetary Fund Covid-19 wreaked economic havoc on women globally, especially…

Walmart will stop selling cigarettes in some stores

March 28, 2022 9:14 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Walmart, the world’s largest retailer, will stop selling cigarettes in select US stores following years of…

Russian newspaper edited by Nobel winner to halt publication after warnings from Moscow

March 28, 2022 8:52 AM CNN Newsource

By Charles Riley, CNN Business Novaya Gazeta, the independent Russian newspaper edited by Nobel Peace Prize winner Dmitry Muratov, is suspending…

Oil tumbles 7% as the market faces a new concern

March 28, 2022 8:30 AM CNN

By Matt Egan, CNN Business Covid fears are rocking the oil market Monday as China’s planned lockdown of Shanghai raises concerns about energy…

Oil tumbles 7% as the market faces a new concern

March 28, 2022 8:30 AM CNN Newsource

By Matt Egan, CNN Business Covid fears are rocking the oil market Monday as China’s planned lockdown of Shanghai raises concerns about energy…

Girls Who Code founder: Women need flexibility in the workplace

March 28, 2022 6:53 AM CNN Newsource

As told to by Sabina Bhatia, deputy secretary of the International Monetary Fund Covid-19 wreaked economic havoc on women globally, especially…

Tesla plans another stock split

March 28, 2022 6:46 AM CNN Newsource

By Chris Isidore, CNN Business Tesla is asking its shareholders for permission to split its stock for the second time in two years. This split would…

Shanghai is locking down over 10 million people at a time. Why that’s a big deal

March 28, 2022 6:34 AM CNN Newsource

By Julia Horowitz, CNN Business Many countries around the world have decided to live with the coronavirus, even as a new subvariant fuels another…

Huawei still fighting for ‘survival’ as Meng Wanzhou returns to corporate stage

March 28, 2022 5:58 AM CNN Newsource

By Michelle Toh, CNN Business Meng Wanzhou, the senior Huawei executive whose detainment in Canada became a flashpoint of US-China tensions, returned…

Elon Musk says he has Covid

March 28, 2022 5:40 AM CNN Newsource

By Chris Isidore, CNN Business Elon Musk says he has Covid for a second time, but he is feeling relatively well. In a tweet early Monday, the CEO of…

Here’s why Tesla shares are on fire again

March 28, 2022 5:40 AM CNN

By Chris Isidore, CNN Business Tesla shares have been on a tear in recent weeks as Elon Musk marked the company’s first deliveries from its new…

Zelensky says Moscow is ‘frightened’ after Kremlin bans his interview

March 28, 2022 5:36 AM CNN Newsource

By Nathan Hodge, CNN Business Ukrainian President Volodymyr Zelensky has accused Moscow of being “frightened” by journalists “who…

Heineken and Carlsberg are leaving Russia

March 28, 2022 5:15 AM CNN Newsource

By Chris Liakos, CNN Business European brewers Heineken and Carlsberg said Monday they will exit the Russian market following reviews of their…

Zelensky says Moscow is ‘frightened’ after Kremlin bans his interview

March 28, 2022 4:55 AM CNN

By Nathan Hodge, CNN Business Ukrainian President Volodymyr Zelensky has accused Moscow of being “frightened” by journalists “who…

These Russian journalists found a way to report from outside the country

March 27, 2022 2:17 PM CNN

By Ramishah Maruf, CNN Russia’s independent news network, TV Rain, shuttered its Moscow operations in early March — its newsroom empty,…

These Russian journalists found a way to report from outside the country

March 27, 2022 2:17 PM CNN Newsource

By Ramishah Maruf, CNN Russia’s independent news network, TV Rain, shuttered its Moscow operations in early March — its newsroom empty,…

Here’s how to make the Oscars more watchable

March 27, 2022 10:35 AM CNN Newsource

By Frank Pallotta, CNN Business The Academy Awards ceremony is Hollywood’s biggest night, and for decades, it was one of the most watched…

Boeing’s problems in China go far beyond the latest grounding

March 27, 2022 10:21 AM CNN Newsource

By Chris Isidore, CNN Business Another Boeing plane has been grounded after a fatal crash, this time in China. That may be the least of the…

Oscars stars used to play pretend during times of war. Not anymore

March 27, 2022 9:04 AM CNN Newsource

Opinion by Bill Carter for CNN Business Perspectives At some point during the Academy Awards ceremony Sunday night, someone will undoubtedly shower…

This recession indicator is flashing a warning sign

March 26, 2022 7:19 AM CNN Newsource

By Lucy Bayly, CNN Business The bond market is flashing a warning sign that has correctly predicted almost every recession over the past 60 years: a…

Is a recession coming? Alan Greenspan says the answer is in men’s underwear

March 26, 2022 6:42 AM CNN Newsource

By Nicole Goodkind, CNN Business Former Federal Reserve head Alan Greenspan has a keen interest in men’s underwear. Not because he’s…

Netflix has been trying to win best picture. This might finally be the year

March 26, 2022 3:00 AM CNN Newsource

By Frank Pallotta, CNN Business Netflix has accomplished a lot in Hollywood: It’s partnered with notable filmmakers, produced buzzy hit films…

TikTok hit by another lawsuit over working conditions for its content moderators

March 25, 2022 3:35 PM CNN Newsource

By Clare Duffy, CNN Business TikTok has been hit with another lawsuit from former content moderators who claim the job traumatized them. Ashley Velez…

Why Russia might struggle to maintain its digital iron curtain

March 25, 2022 3:35 PM CNN

By Rishi Iyengar, CNN Business On March 14, the same day Russia banned Instagram, Russian tech entrepreneur Alexander Zobov announced he would soon…

Court dismisses Washington Post reporter’s lawsuit against the paper and its former top editor

March 25, 2022 1:39 PM CNN Newsource

By Oliver Darcy, CNN Business A judge in Washington D.C. on Thursday dismissed a high-profile case filed by a Washington Post politics reporter who…

Inflation is so hot the Fed may have to hike interest rates like it’s 1994

March 25, 2022 11:10 AM CNN Newsource

By Matt Egan, CNN Business Inflation is so hot that Wall Street banks are falling over each other to predict the dramatic moves the Federal Reserve…

Instacart slashes its valuation to $24 billion

March 25, 2022 10:44 AM CNN Newsource

By Sara Ashley O’Brien, CNN Business Instacart’s valuation doubled twice to $39 billion in the first year of the public health crisis,…

Tax penalties are a waste of your money. Here’s how to avoid them

March 24, 2022 8:48 AM CNN Newsource

By Jeanne Sahadi, CNN Business Unless you enjoy throwing money away, you’ll want to do all you can to avoid being hit with tax penalties and…

Deleted Joker scene hints at big plans for ‘The Batman’ franchise

March 25, 2022 6:35 AM CNN Newsource

By Frank Pallotta, CNN Business DC is taking a page from Marvel’s playbook comic book. Warner Bros. on Thursday released a deleted scene from…

Europe can’t live without Russian gas. Can this tiny Middle East country help?

March 25, 2022 7:23 AM CNN Newsource

By Abbas Al Lawati, CNN “It’s always nice to be wanted,” Qatar’s energy minister Saad Sherida al-Kaabi said in jest during an…

White House and EU reach agreement on trans-Atlantic data sharing

March 25, 2022 8:56 AM CNN

By Brian Fung, CNN The White House has hammered out a new agreement with the EU that could again allow businesses to transfer data and personal…

EU officials agree on sweeping new rules targeting Big Tech

March 25, 2022 9:33 AM CNN Newsource

By Brian Fung, CNN European officials have reached agreement on a sweeping set of competition rules for Big Tech that could mark a global turning…

White House and EU reach agreement on trans-Atlantic data sharing

March 25, 2022 8:56 AM CNN Newsource

By Brian Fung, CNN The White House has hammered out a new agreement with the EU that could again allow businesses to transfer data and personal…

US consumer sentiment fell again amid rising rates, war and inflation

March 25, 2022 8:31 AM CNN Newsource

By Alicia Wallace, CNN Business Consumer sentiment slumped again in March, hitting its lowest level since August 2011, the University of Michigan…

Credit Suisse faces US probe after telling investors to ‘destroy documents’ linked to oligarch yacht loans

March 25, 2022 7:41 AM CNN

By Matt Egan, CNN Business The House Oversight Committee launched a probe Monday into Credit Suisse, demanding documents linked to the bank’s…

Two Amazon warehouses are vying to make history with company’s first union, but they’re very different

March 25, 2022 7:19 AM CNN Newsource

By Sara Ashley O’Brien, CNN Business After going 27 years without a US union, Amazon now faces a test from elections at not one but two of its…

Can America fix Europe’s gas problem?

March 25, 2022 6:14 AM CNN Newsource

By Charles Riley, CNN Business North Atlantic shipping lanes are going to be very busy this year as an armada of US natural gas shipments heads to…

Deepfakes are now trying to change the course of war

March 25, 2022 5:44 AM CNN Newsource

By Rachel Metz, CNN Business In the third week of Russia’s war in Ukraine, Volodymyr Zelensky appeared in a video, dressed in a dark green…

Recession risks are ‘uncomfortably high and moving higher,’ Mark Zandi says

March 25, 2022 5:28 AM CNN Newsource

By Matt Egan, CNN Business The war in Ukraine. Red-hot inflation. And rapid interest rate hikes. The economic recovery that began two years ago faces…

These fossil fuel companies sent more than $15B in taxes to Russia since it annexed Crimea, NGOs say

March 24, 2022 10:30 PM CNN Newsource

By Angela Dewan, International Climate Editor, CNN Nine European and US fossil fuel companies have paid a collective $15.8 billion to Russia in…