Warby Parker is slashing jobs as inflation takes a toll on fashion
By Parija Kavilanz, CNN Business Trendy eyewear brand Warby Parker is the latest in a string of retailers struggling to stay the course as a wobbly…
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US gaming software developer Unity wants to supercharge its growth in China
By Laura He, CNN Business US gaming software developer Unity is partnering with some of the biggest names in China tech to establish a billion-dollar…
Continue Reading Elon Musk sells nearly 8 million Tesla shares
By Chris Isidore, CNN Business Tesla CEO Elon Musk sold 7.9 million shares of Tesla in recent days, raising $6.9 billion with the sales. The sales…
Continue Reading Fox boss Lachlan Murdoch privately levels harsh criticism against Trump, sources say
By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
Continue Reading The next frontier in the tech battle between the US and China
By Rishi Iyengar, CNN Business The technological arms race between the United States and China has cut across everything from smartphones and…
Continue Reading The next frontier in the tech battle between the US and China
By Rishi Iyengar, CNN Business The technological arms race between the United States and China has cut across everything from smartphones and…
Continue Reading Elon Musk cited this tool in his bot dispute with Twitter. Its creator has thoughts
By Clare Duffy, CNN Business Kaicheng Yang, a researcher at Indiana University’s Observatory on Social Media, received quite the surprise last…
Continue Reading Snapchat rolls out option to let parents see who their teens are messaging
By Samantha Murphy Kelly, CNN Business Snapchat on Tuesday introduced its first parental control center, nearly 10 months after an executive from the…
Continue Reading WhatsApp is going to stop letting everyone see when you’re online
By Michelle Toh, CNN Business WhatsApp announced several new privacy updates on Tuesday, including the ability for users to check their messages…
Continue Reading Is inflation taking a summer vacation?
It’s August, and that means pretty much all of Wall Street is on vacation right…
Continue Reading Good inflation news: Online shopping prices are suddenly falling fast
By Matt Egan, CNN Business The world of online shopping was long immune to inflation until Covid-19 turned everything upside down. E-commerce prices…
Continue Reading Coinbase may have a savior in BlackRock, but crypto concerns remain
By Paul R. La Monica, CNN Business Crypto brokerage Coinbase has been hit hard by the meltdown in bitcoin prices this year. The stock has plunged 65%…
Continue Reading Opinion: Americans are fed up with billionaires. Washington needs to get the wealthy to pay up
Opinion by Sarah Anderson and Rebekah Entralgo for CNN Business Perspectives Imagine if America’s ultra-wealthy invested the financial gains…
Continue Reading Liz Cheney buys time on Fox News to air viral ad featuring her father condemning Trump
By Oliver Darcy, CNN Business Fox News viewers will this week see former Vice President Dick Cheney look into the camera and excoriate former…
Continue Reading Liz Cheney buys ad spots on Fox News to air viral ad featuring her father condemn Trump
By Oliver Darcy, CNN Business Fox News viewers will this week see former Vice President Dick Cheney look into the camera and excoriate former…
Continue Reading A third of Brits face poverty with energy bills set to hit $5,000
By Anna Cooban, CNN Business Nearly one third of households in the United Kingdom will face poverty this winter after paying energy bills that are…
Continue Reading New business taxes are coming. Wall Street isn’t worried
By Julia Horowitz, CNN Business The most powerful business lobby in the United States is not a fan of the landmark heath care and climate package…
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Good inflation news: Online shopping prices are suddenly falling fast
By Matt Egan, CNN Business The world of online shopping was long immune to inflation until Covid-19 turned everything upside down. E-commerce prices…
Continue Reading Is inflation taking a summer vacation?
By Nicole Goodkind, CNN Business It’s August, and that means pretty much all of Wall Street is on vacation right now. The Fed has locked its…
Continue Reading Shanghai factory upgrade slashed Tesla’s China sales last month
By Laura He, CNN Business Tesla’s sales of China-made vehicles plunged 64% in July from a month earlier, as the company’s ambitious…
Continue Reading Steak’s off the table: Inflation-weary shoppers are switching to chicken
By Nathaniel Meyersohn, CNN Business Inflation-weary shoppers are pulling back on buying pricey steaks and switching to cheaper chicken at the…
Continue Reading The meme stock craze is back: AMC, GameStop and Bed Bath & Beyond soar
By Paul R. La Monica, CNN Business Meme mania has returned to the stock market with a vengeance. Shares of movie theater chain AMC, video game…
Continue Reading Toyota is offering to buy back an electric SUV because its wheels could fall off
By Peter Valdes-Dapena, CNN Business In June, Toyota issued a warning to owners of its BZ4X electric SUV that they should stop driving the vehicle…
Continue Reading Gas prices have fallen. Here’s why inflation hasn’t
Martha C. White Gas prices have been trending downward for more than 50 consecutive days, giving drivers some much-needed financial relief at the…
Continue Reading Baidu gets permits for first fully driverless taxi service in China
By Catherine Thorbecke, CNN Business Tech giant Baidu announced Monday that it has obtained permits to operate fully autonomous taxis without any…
Continue Reading Gas prices have fallen. Here’s why inflation hasn’t
Martha C. White Gas prices have been trending downward for more than 50 consecutive days, giving drivers some much-needed financial relief at the…
Continue Reading Mike Tyson slams Hulu’s new series about him: ‘They stole my life story’
By Frank Pallotta, CNN Business Mike Tyson is not happy about Hulu’s new scripted limited series about his life. The former heavyweight…
Continue Reading The hidden makers of Costco’s Kirkland Signature and Trader Joe’s O’s
By Nathaniel Meyersohn, CNN Business Kirkland Signature. Two-Buck Chuck. Simple Truth. Cat & Jack. Great Value. Amazon Basics. Store brands have…
Continue Reading Netflix is not in deep trouble. It’s becoming a media company
By Frank Pallotta, CNN Business Netflix has had a terrible 2022. In April, it said it lost subscribers for the first time since 2011. Its stock has…
Continue Reading America’s strong dollar is hurting everyone else
By Julia Horowitz, CNN Business The US dollar has been on a tear this year. That’s good news for American tourists gallivanting around Europe,…
Continue Reading Today marks an important day for diversity on Wall Street. Here’s why
By Nicole Goodkind, CNN Business Wall Street is taking the call to increase corporate diversity seriously. At last. For the first time ever, every…
Continue Reading Landmark climate and health care bill won’t crush corporate profits, Goldman Sachs says
By Matt Egan, CNN Business Even as some business groups cry foul over the tax provisions in the Inflation Reduction Act, economists at Goldman Sachs…
Continue Reading Warren Buffett’s company lost $44 billion last quarter, but it’s not really bad news
By Paul R. La Monica, CNN Business Warren Buffett is just like the rest of us. He got crushed by the plunge in the stock market during the first half…
Continue Reading Legal trouble delays Trump SPAC deal as buyer seeks more time to complete merger
By Matt Egan, CNN Business After facing a series of regulatory obstacles, the shell company attempting to take over former President Donald…
Continue Reading Opinion: The housing market is slowing down, but homes aren’t getting cheaper anytime soon
Opinion by Orphe Divounguy for CNN Business Perspectives Rising home prices and mortgage rates have made it next to impossible for many Americans to…
Continue Reading Airline asked its senior executives to temporarily help as airport baggage handlers
By Anna Cooban, CNN Business Australian airline Qantas has asked its senior executives to help out as airport baggage handlers as it struggles to…
Continue Reading Airline asked its senior executives to temporarily help as airport baggage handlers
By Anna Cooban, CNN Business Australian airline Qantas has asked its senior executives to help out as airport baggage handlers as it struggles to…
Continue Reading More than 500 US flights canceled and more than 2,000 delayed on Monday
By Chuck Johnston, CNN Business Following a miserable weekend for travel, Monday isn’t looking much better. Another wave of airline…
Continue Reading China posts record $101 billion trade surplus but export boom could fade
By Laura He, CNN Business China’s export sector delivered robust growth in July, providing much-need support for the world’s second…
Continue Reading What the Alex Jones trial means for the future of conspiracy culture
By Ramishah Maruf, CNN The Texas jury’s decision last week to have Alex Jones face punitive damages of more than $45 million in a lawsuit filed…
Continue Reading More than 900 US flights canceled, and 6,300 US flights delayed on Sunday
By Chuck Johnston Another wave of airline cancellations and delays is being felt across the United States on Sunday. According to the flight tracking…
Continue Reading What the Alex Jones trial means for the future of conspiracy culture
By Ramishah Maruf, CNN The Texas jury’s decision last week to have Alex Jones face punitive damages of more than $45 million in a lawsuit filed…
Continue Reading What the Alex Jones trial means for the future of conspiracy culture
By Ramishah Maruf, CNN The Texas jury’s decision last week to have Alex Jones face punitive damages of more than $45 million in a lawsuit filed…
Continue Reading Casper is hiring professional nappers with ‘exceptional sleeping ability’
By Zoe Sottile, CNN A mattress brand is hiring for a position where sleeping on the job is not just accepted — it’s mandatory. Casper, a…
Continue Reading The market read the Federal Reserve all wrong
By Julia Horowitz, CNN Business After the Federal Reserve’s July meeting, investors quickly reached a consensus: The central bank was turning…
Continue Reading Tesla made misleading claims about Autopilot and Self Driving, California DMV claims
By Ramishah Maruf, CNN Tesla’s autopilot and self-driving claims are under fire again, this time from the California Department of Motor…
Continue Reading Knights, queens and strippers are helping fuel the spike in US unionizing efforts
By Natasha Chen, CNN Business On any given weekend night in North Hollywood, a group of dancers in outlandish costumes holds signs urging customers…
Continue Reading US to take part in military exercise near India’s disputed border with China
By Vedika Sud, Barbara Starr, Sahar Akbarzai and Kathleen Magramo, CNN The United States is to take part in a joint military exercise with India less…
Continue Reading A jury finds Infowars conspiracy theorist Alex Jones should pay $45.2 million in punitive damages to the parents of a Sandy Hook shooting victim
By Brian Stelter, CNN Business A Texas jury has decided to penalize Alex Jones with $45.2 million in punitive damages in a lawsuit filed by the…
Continue Reading Opinion: Why a recession might not mean huge job losses
Opinion by Dana Peterson for CNN Business Perspectives Most recessions in US history have been accompanied by severe job losses and high unemployment…
Continue Reading Tesla shares are about to get a lot cheaper with three-for-one stock split
By Jackie Wattles, CNN Business Tesla officially announced a three-for-one stock split, meaning the company’s stock price — which has…
Continue Reading Elon Musk’s legal team has publicly filed its official response to Twitter’s lawsuit
By Clare Duffy, CNN Business Elon Musk’s legal team on Friday made public its official response to Twitter’s lawsuit attempting to force…
Continue Reading Americans loaded up on $40 billion more in debt in June, Fed says
Martha C. White for CNN Business Americans piled on $40.1 billion worth of debt in June, the Federal Reserve said Friday afternoon. The figure was…
Continue Reading A jury finds Infowars conspiracy theorist Alex Jones should pay $45.2 million in punitive damages to the parents of a Sandy Hook shooting victim
By Brian Stelter, CNN Business A Texas jury has decided to penalize Alex Jones with $45.2 million in punitive damages in a lawsuit filed by the…
Continue Reading First, they banned facial recognition. Now they’re not so sure
By Rachel Metz, CNN Business Over the past few years, a number of cities and some states enacted rules banning or restricting local police use of…
Continue Reading Gas prices are falling. So is interest in electric cars
By Peter Valdes-Dapena, CNN Business As gas prices rose in the the first three months of 2022, interest among car shoppers in hybrid and electric…
Continue Reading Massive jobs surprise: US economy added 528,000 jobs in July
By Alicia Wallace, CNN Business The US economy has now regained all jobs lost during the pandemic, after a blowout July jobs report that showed a…
Continue Reading The market read the Federal Reserve all wrong
By Julia Horowitz, CNN Business After the Federal Reserve’s July meeting, investors quickly reached a consensus: The central bank was turning…
Continue Reading Amazon to buy the company behind the Roomba in a $1.7 billion deal
By Jennifer Korn Amazon has agreed to buy iRobot, the maker of the popular Roomba vacuum, in an all-cash deal valued at about $1.7 billion, including…
Continue Reading Jury finds Alex Jones caused $4 million in damages to two Sandy Hook parents
By Oliver Darcy, CNN Business Right-wing talk show host Alex Jones will have to pay the parents of a Sandy Hook shooting victim a little more than $4…
Continue Reading America has fewer open jobs. Is that reason to worry?
By Julia Horowitz, CNN Business For the past year, America has had a glut of open jobs. Restaurants, airlines and retail stores have raced to recruit…
Continue Reading Workers in these two industries are the only ones coming out ahead right now
By Tami Luhby, CNN At first glance, it looks like many Americans got big pay raises since the Covid-19 pandemic started. But in reality, only workers…
Continue Reading As inflation takes a toll, Americans face tough decisions about medical care
By Gabe Cohen, CNN There are medicines that Angelina Scott can’t live without. Between her Atrial Fibrillation, high blood pressure and high…
Continue Reading Americans loaded up on $40 billion more in debt in June, Fed says
Martha C. White for CNN Business Americans piled on $40.1 billion worth of debt in June, the Federal Reserve said Friday afternoon. The figure was…
Continue Reading As inflation takes a toll, Americans face tough decisions about medical care
By Gabe Cohen, CNN There are medicines that Angelina Scott can’t live without. Between her Atrial Fibrillation, high blood pressure and high…
Continue Reading The streaming wars are over
By Frank Pallotta, CNN Business In November 2019, Disney debuted Disney+, kicking off the so-called streaming wars and prompting companies across the…
Continue Reading HBO Max and Discovery+ are combining next year
By Frank Pallotta, CNN Business HBO Max and Discovery+ are finally joining forces. The long-awaited merger of the two services will debut in the US…
Continue Reading Jury finds Alex Jones caused $4 million in damages to two Sandy Hook parents
By Oliver Darcy, CNN Business Right-wing talk show host Alex Jones will have to pay the parents of a Sandy Hook shooting victim a little more than $4…
Continue Reading Jury finds Alex Jones caused $4 million in damages to two Sandy Hook parents
By Oliver Darcy, CNN Business Right-wing talk show host Alex Jones will have to pay the parents of a Sandy Hook shooting victim a little more than $4…
Continue Reading Is anyone buying couches and beds from Wayfair anymore?
By Nathaniel Meyersohn, CNN Business Early in the pandemic, people realized they were going to be spending a lot more time at home. So they decided…
Continue Reading Massive jobs surprise: US economy added 528,000 jobs in July
By Alicia Wallace, CNN Business The US economy has now regained all jobs lost during the pandemic, after a blowout July jobs report that showed a…
Continue Reading Twitter subpoenas Elon Musk’s associates as legal battle heats up
By Jennifer Korn and Clare Duffy, CNN Twitter has subpoenaed a number of Elon Musk’s associates, according to court filings and public…
Continue Reading Twitter subpoenas Elon Musk’s associates as legal battle heats up
By Jennifer Korn and Clare Duffy, CNN Twitter has subpoenaed a number of Elon Musk’s associates, according to court filings and public…
Continue Reading Oil slides under $90 to fresh six-month lows on demand worries
By Matt Egan The selloff in the oil market gathered momentum Thursday on growing concerns about weakening demand for gasoline. US oil dropped 2.3% to…
Continue Reading Judge denies Alex Jones’ attorney’s request for a mistrial
By Oliver Darcy, CNN Business A Texas judge on Thursday denied a request for a mistrial from the attorney for right-wing conspiracy theorist Alex…
Continue Reading ABC names Alyssa Farah Griffin and Ana Navarro as permanent co-hosts on ‘The View’
By Oliver Darcy, CNN Business Alyssa Farah Griffin and Ana Navarro, two conservatives who have been extraordinarily critical of former President…
Continue Reading Wall Street’s lavish bonuses are getting slashed
By Allison Morrow, CNN Business Last year was a busy, chaotic one on Wall Street. Mergers, acquisitions and new stock listings were going a mile a…
Continue Reading Wall Street’s lavish bonuses are getting slashed
By Allison Morrow, CNN Business Last year was a busy, chaotic one on Wall Street. Mergers, acquisitions and new stock listings were going a mile a…
Continue Reading Wall Street’s lavish bonuses are getting slashed
By Allison Morrow, CNN Business Last year was a busy, chaotic one on Wall Street. Mergers, acquisitions and new stock listings were going a mile a…
Continue Reading This is a great time to be an airline. It’s the worst time to be a passenger
By Chris Isidore, CNN Business US airlines just had one of the most lucrative quarters in history. Passengers are suffering for it. The record…
Continue Reading This is a great time to be an airline. It’s the worst time to be a passenger
By Chris Isidore, CNN Business US airlines just had one of the most lucrative quarters in history. Passengers are suffering for it. The record…
Continue Reading Mortgage rates drop below 5% for first time since April
By Anna Bahney, CNN Business Mortgage rates dropped for the second week in a row, falling below 5% for the first time since mid-April. The 30-year…
Continue Reading Lucid shares plunge as it cuts production target in half
By Chris Isidore, CNN Business Shares of luxury electric car maker Lucid plunged more than 10% Thursday after the company disclosed it will make…
Continue Reading Opinion: 5 ways the Inflation Reduction Act will help American families
Opinion by Van Jones and Jessie Buendia for CNN Business Perspectives America needs a new approach to energy. Nothing has shown that as well as the…
Continue Reading The Bank of England just made its biggest rate hike in 27 years
By Anna Cooban, CNN Business Central bankers in the United Kingdom have announced the biggest increase in interest rates in 27 years, as spiraling…
Continue Reading The party is over at Robinhood. But meme mania lingers
By Julia Horowitz, CNN Business Robinhood got off to a rocky start when it made its Wall Street debut one year ago, but hopes for the buzzy trading…
Continue Reading Ex-Fed insider: A full-blown recession is ‘almost certainly’ coming
By Matt Egan, CNN Business The Federal Reserve’s war on inflation will eventually kill the economic recovery from Covid-19, former Fed official…
Continue Reading Alibaba shares pop as revenue beats expectations
By Michelle Toh, CNN Business Alibaba just posted flat revenue growth for the first time since becoming a public company, but investors don’t…
Continue Reading The party is over at Robinhood. But meme mania lingers
By Julia Horowitz, CNN Business Robinhood got off to a rocky start when it made its Wall Street debut one year ago, but hopes for the buzzy trading…
Continue Reading China’s military drills around Taiwan threaten to upend global trade
By Laura He, CNN Business China’s live-fire military drills around Taiwan are threatening to disrupt trade and commercial travel in East Asia,…
Continue Reading New head of Alex Jones’ company faces questions from lawyers for Sandy Hook families
By Sonia Moghe, CNN The accountant now in charge of overseeing right-wing conspiracy theorist Alex Jones’ company Free Speech Systems through…
Continue Reading Jury finds Alex Jones caused $4 million in damages to two Sandy Hook parents
By Oliver Darcy, CNN Business Right-wing talk show host Alex Jones will have to pay the parents of a Sandy Hook shooting victim a little more than $4…
Continue Reading Walmart is laying off corporate employees
by Matt Egan, CNN Walmart is laying off about 200 corporate employees, a person familiar with the matter told CNN, in a move that comes days after…
Continue Reading Debris from a SpaceX capsule found in Australia
By Jackie Wattles, CNN Business Chunks of space debris were reportedly found on farmland in the Australia mountains, and this week NASA and…
Continue Reading This company is turning heaps of plastic trash into construction building blocks
By Parija Kavilanz, CNN Business Imagine taking heaps and heaps of earth-polluting, unusable plastic waste and actually transforming it into…
Continue Reading Sandy Hook family attorney exposes Alex Jones’ dishonesty during brutal cross-examination
By Oliver Darcy, CNN Business The dishonesty of right-wing conspiracy theorist Alex Jones was spotlighted in a Texas court on Wednesday as a lawyer…
Continue Reading This company is turning heaps of plastic trash into construction building blocks
By Parija Kavilanz, CNN Business Imagine taking heaps and heaps of earth-polluting, unusable plastic waste and actually transforming it into…
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History of 10 famous casinos
Venice, Monaco, Singapore … pair exotic destinations like these with a casino, and unforgettable experiences are promised. OLBG highlights 10…
Continue Reading Here’s why gas prices are sinking
By Matt Egan, CNN Business Prices at the pump continue to sink, providing relief to inflation-weary consumers and an economy mired in a slowdown. The…
Continue Reading Equifax issued wrong credit scores for millions of consumers
By Alexandra Peers, CNN Business Credit giant Equifax sent lenders incorrect credit scores for millions of consumers this spring, in a technology…
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