Money Archives

What’s next for supply chains after the holiday rush

January 6, 2022 6:24 AM CNN Newsource

By Julia Horowitz, CNN Business Retailers can breathe a sigh of relief now that the Christmas holiday is over, capping months of laborious planning…

Taco Bell is selling a $10 monthly taco subscription

January 6, 2022 6:00 AM CNN Newsource

By Jordan Valinsky, CNN Business Taco Bell is rolling out what’s arguably the tastiest subscription service yet: daily tacos. For $10 a month,…

What it was like to be in the courtroom for Elizabeth Holmes’ fraud trial

January 6, 2022 5:36 AM CNN Newsource

By Sara Ashley O’Brien, CNN Business Inside the San Jose federal courtroom, I shifted my body forward and from side to side trying to watch…

America calls out sick

January 6, 2022 4:33 AM CNN Newsource

By Nathaniel Meyersohn and Danielle Wiener-Bronner, CNN Business Montclair Bread Co. closed last weekend after a quarter of the staff tested positive…

Chinese Premier Li Keqiang urges more tax cuts to boost China’s slowing economy

January 6, 2022 12:37 AM CNN Newsource

By Laura He, CNN Business A top Chinese official this week called for more tax cuts as the world’s second largest economy contends with fallout…

Global stocks drop after a rough day on Wall Street

January 6, 2022 12:24 AM CNN Newsource

By Michelle Toh and Charles Riley, CNN Business Global stock markets retreated Thursday after the Federal Reserve sparked a major sell-off on Wall…

Conspiracy, deflection, and mockery: How right-wing media is marking the January 6 anniversary

January 5, 2022 9:44 PM CNN

By Oliver Darcy, CNN Business On the one-year anniversary of the January 6 insurrection, some of the most powerful forces in right-wing media…

Fourteen recommended reads about January 6 and ‘what will likely come next’

January 5, 2022 9:44 PM CNN Newsource

By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…

Do you feel lucky? Powerball jackpot reaches $630 million

January 5, 2022 12:17 PM CNN Newsource

By Jay Croft, CNN Hey, somebody’s gotta win it sometime, right? And Powerball ticket sales are soaring across the country, officials say…

Stocks slide as Federal Reserve confirms its foot is on the stimulus brakes

January 5, 2022 2:38 PM CNN

By Anneken Tappe, CNN Business Wall Street ended Wednesday’s session sharply lower, as investors dealt with Omicron headlines as well as the…

Stocks slide as Federal Reserve confirms its foot is on the stimulus brakes

January 5, 2022 2:38 PM CNN Newsource

By Anneken Tappe, CNN Business Wall Street ended Wednesday’s session sharply lower, as investors dealt with Omicron headlines as well as the…

Global stocks drop after a rough day on Wall Street

January 5, 2022 1:45 PM CNN

By Michelle Toh and Charles Riley, CNN Business Global stock markets retreated Thursday after the Federal Reserve sparked a major sell-off on Wall…

GM says it’s aiming to sell you a self-driving car by middle of this decade

January 5, 2022 1:45 PM CNN Newsource

By Matt McFarland, CNN Business General Motors CEO Mary Barra said Wednesday during CES that the automaker hopes to sell self-driving cars to…

Union supporters walk out at Buffalo Starbucks, citing health concerns

January 5, 2022 1:11 PM CNN Newsource

By Chris Isidore, CNN Business Six employees at a Buffalo Starbucks that recently voted to join a union walked out just before 9 am Wednesday citing…

Stellantis, Jeep’s parent company, is teaming up with Amazon

January 5, 2022 12:41 PM CNN Newsource

By Peter Valdes-Dapena, CNN Business Stellantis, the international automaker that owns brands like Jeep, Chrysler, Fiat, Ram and Peugeot, has entered…

First on CNN: Bank of America’s plan to get workers boosted: $100 donations for hunger relief

January 5, 2022 12:30 PM CNN Newsource

By Matt Egan, CNN Business Bank of America promised on Wednesday to donate $100 towards hunger relief for each US employee who shows proof of getting…

NASA’s first Artemis moon mission will have a virtual astronaut: Amazon’s Alexa

January 5, 2022 11:37 AM CNN Newsource

By Jackie Wattles, CNN Business NASA’s Artemis 1 mission, slated for take off as soon as this March, aims to send an Orion spacecraft around…

Meghan, Duchess of Sussex to receive confidential sum from UK newspaper for copyright infringement

January 5, 2022 11:09 AM CNN Newsource

By Niamh Kennedy, CNN Meghan, Duchess of Sussex will receive a confidential sum from the Mail on Sunday for infringement of copyright as her lengthy…

NASA’s first Artemis moon mission will have a virtual astronaut: Amazon’s Alexa

January 5, 2022 11:09 AM CNN

By Jackie Wattles, CNN Business NASA’s Artemis 1 mission, slated for take off as soon as this March, aims to send an Orion spacecraft around…

GM unveils electric Chevrolet Silverado with 400 miles of range

January 5, 2022 10:48 AM CNN

By Peter Valdes-Dapena, CNN Business General Motors unveiled a new battery-electric pickup truck, the Chevrolet Silverado EV, during the Consumer…

Warren, Jayapal blast Google over efforts to “bully” and “sideline” DOJ’s top antitrust official

January 5, 2022 10:45 AM CNN Newsource

By Brian Fung, CNN Business Google must stop attempting to intimidate US antitrust enforcers at the Justice Department, according to two…

Here’s how US lawmakers could finally rein in Facebook

January 5, 2022 10:45 AM CNN

By Clare Duffy, CNN Business “Change is going to come. No question.” “We are serious about taking action.”…

Goldman Sachs predicts bitcoin could hit $100,000

January 5, 2022 10:40 AM CNN Newsource

By Paul R. La Monica, CNN Business Bitcoin prices have pulled back lately — but Goldman Sachs still sees strong gains ahead in the coming years.…

How to get in on the real estate boom without actually buying a house

January 5, 2022 10:38 AM CNN Newsource

By Anna Bahney, CNN Business For many people, buying a home just wasn’t in the cards this year. There were too few homes for sale that were too…

Stocks fall after disappointing jobs report

January 5, 2022 10:36 AM CNN

By Paul R. La Monica, CNN Business The jobs recovery may be losing steam. But the unemployment rate continued to fall, and workers are still bringing…

Nikola drops $2 billion patent infringement suit against Tesla

January 5, 2022 10:30 AM CNN Newsource

By Chris Isidore, CNN Business Upstart electric truck maker Nikola is dropping its $2 billion patent infringement lawsuit against Tesla in which it…

GM unveils electric Chevrolet Silverado with 400 miles of range

January 5, 2022 10:29 AM CNN Newsource

By Peter Valdes-Dapena, CNN Business General Motors unveiled a new battery-electric pickup truck, the Chevrolet Silverado EV, during the Consumer…

Walmart doubles down on delivering groceries straight into your fridge

January 5, 2022 10:22 AM CNN Newsource

Walmart is expanding its push to deliver groceries straight into customers’ kitchen fridges, even when they aren’t…

Two more major financial companies urge workers to stay at home

January 5, 2022 9:34 AM CNN Newsource

By Matt Egan, CNN Business American Express and BlackRock are the latest major companies to urge employees to start 2022 by working remotely as…

US becomes world’s top exporter of liquified natural gas

January 5, 2022 8:56 AM CNN Newsource

By Charles Riley, CNN Business The United States is now the world’s leading exporter of liquified natural gas as Europe’s energy crisis…

This key jobs report for December just dwarfed expectations

January 5, 2022 6:23 AM CNN Newsource

By Anneken Tappe, CNN Business A closely watched barometer for the job market offered a happy surprise for the new year: The ADP Employment Report…

Sony is gearing up to make an electric car

January 5, 2022 6:07 AM CNN Newsource

By Anna Cooban, CNN Business Sony has announced plans to launch an electric car company later this year as it unveiled a new sports utility vehicle…

Sony is gearing up to make an electric car

January 5, 2022 6:07 AM CNN

By Anna Cooban, CNN Business Sony has announced plans to launch an electric car company later this year as it unveiled a new sports utility vehicle…

Wall Street is learning to live with big risks

January 5, 2022 5:55 AM CNN Newsource

By Julia Horowitz, CNN Business Markets climbed a wall of worry to new heights in 2021. Buoyed by gains at the end of the year, Wall Street is now…

Here’s who to blame for airlines’ cancellation chaos

January 5, 2022 4:42 AM CNN Newsource

By Chris Isidore, CNN Business A surge in Covid cases and severe winter storms created a miserable holiday travel season for hundreds of thousands of…

China Mobile holds massive Chinese listing after leaving Wall Street

January 5, 2022 12:27 AM CNN Newsource

By Michelle Toh, CNN Business China Mobile’s stock rose on its first day of trading in Shanghai, where it was forced to retreat to after being…

Walmart doubles down on delivering groceries straight into your fridge

January 4, 2022 10:41 PM CNN Newsource

By Nathaniel Meyersohn, CNN Business Walmart is expanding its push to deliver groceries straight into customers’ kitchen fridges, even when…

Walmart doubles down on delivering groceries straight into your fridge

January 4, 2022 10:41 PM CNN

By Nathaniel Meyersohn, CNN Business Walmart is expanding its push to deliver groceries straight into customers’ kitchen fridges, even when…

Chrysler shows off an EV concept and a future for the brand

January 4, 2022 10:02 PM CNN Newsource

By Peter Valdes-Dapena, CNN Business Chrysler was once one of the biggest names in the American auto industry, famous for flashy cars with chrome,…

Smartphones, laptops and oddball gadgets: CES 2022 showcases tech’s latest innovations

January 4, 2022 8:41 PM CNN

By Samantha Murphy Kelly and Clare Duffy, CNN Business CES, one of the world’s biggest tech trade shows, kicks off Wednesday in Las Vegas with…

Smartphones, laptops and oddball gadgets: CES 2022 showcases tech’s latest innovations

January 4, 2022 8:41 PM CNN Newsource

By Samantha Murphy Kelly and Clare Duffy, CNN Business CES, one of the world’s biggest tech trade shows, kicks off Wednesday in Las Vegas with…

Elizabeth Holmes sentencing hearing set for September 26

January 4, 2022 5:13 PM CNN

By Sara Ashley O’Brien, CNN Business Elizabeth Holmes, the former CEO of Theranos who was convicted earlier this month on four out of 11…

What’s next for Elizabeth Holmes?

January 4, 2022 4:28 PM CNN Newsource

By Sara Ashley O’Brien, CNN Business As Elizabeth Holmes heard in real time that a jury of eight men and four women had found her guilty on…

Port of Los Angeles traffic sets record in 2021

January 4, 2022 4:00 PM CNN Newsource

by Vanessa Yurkevich, CNN Business A record-setting 10.7 million 20-foot containers passed through the Port of Los Angeles in 2021, up 13% from the…

COVID-19 rapid test prices are going up

January 4, 2022 4:14 PM CNN Newsource

At-home COVID-19 rapid test kits were already in short supply at stores. Now, a popular version is getting more…

Charlie Munger must really, really like China’s Alibaba

January 4, 2022 3:17 PM CNN Newsource

By Paul R. La Monica, CNN Business Charlie Munger, the longtime pal of Berkshire Hathaway’s Warren Buffett, is apparently a very big fan of…

KFC’s new menu item tastes like chicken (but isn’t)

January 4, 2022 3:05 PM CNN Newsource

By Jordan Valinsky, CNN Business Kentucky Fried Chicken is going to sell a new menu item that contains no chicken — but tastes like it does. The…

Covid rapid test prices are going up

January 4, 2022 2:42 PM CNN

By Nathaniel Meyersohn, CNN Business At-home Covid-19 rapid test kits were already in short supply at stores. Now, a popular version is getting more…

Covid rapid test prices are going up

January 4, 2022 2:42 PM CNN Newsource

By Nathaniel Meyersohn, CNN Business At-home Covid-19 rapid test kits were already in short supply at stores. Now, a popular version is getting more…

Two more major financial companies urge workers to stay at home

January 4, 2022 1:48 PM CNN

By Matt Egan, CNN Business American Express and BlackRock are the latest major companies to urge employees to start 2022 by working remotely as…

Fanatics buying Topps trading card business for $500 million

January 4, 2022 12:48 PM CNN Newsource

By Paul R. La Monica, CNN Business If you can’t beat ’em, get bought by ’em. Trading card giant Topps — just a few months after…

NYC Mayor Eric Adams to big banks: We need you back in the office

January 4, 2022 12:06 PM CNN Newsource

By Matt Egan, CNN Business New York City Mayor Eric Adams is not pleased with the shift back to remote work by Wall Street banks and other major…

Seth Meyers cancels week of ‘Late Night’ shows after testing positive for Covid-19

January 4, 2022 11:04 AM CNN Newsource

By Frank Pallotta, CNN Business Another NBC late night show has been disrupted by the pandemic. Seth Meyers — the host of the network’s…

The stock market sure is acting strangely

January 4, 2022 10:44 AM CNN Newsource

By Paul R. La Monica, CNN Business Wall Street is having a topsy-turvy moment. Long-term Treasury yields have shot up dramatically, and investors in…

3 key takeaways from the Elizabeth Holmes verdict

January 4, 2022 10:39 AM CNN

Opinion by Jessica A. Roth for CNN Business Perspectives After three months of testimony and seven days of deliberations, the jurors in the trial of…

3 key takeaways from the Elizabeth Holmes verdict

January 4, 2022 10:39 AM CNN Newsource

Opinion by Jessica A. Roth for CNN Business Perspectives After three months of testimony and seven days of deliberations, the jurors in the trial of…

Classic BlackBerry phones stop working today

January 4, 2022 8:16 AM CNN Newsource

By Samantha Murphy Kelly, CNN Business You can no longer use that old BlackBerry phone sitting at the bottom of your drawer somewhere. On Tuesday,…

The world’s 500 richest people became $1 trillion richer last year

January 4, 2022 10:23 AM CNN Newsource

By Allison Morrow, CNN Business The world’s wealthiest people, whose fortunes already strained comprehension, collectively gained $1 trillion…

No winners in Powerball drawing as jackpot grows to $610 million

January 4, 2022 7:53 AM CNN Newsource

By Joe Sutton and Eric Levenson, CNN There were no winners in Monday night’s Powerball drawing for an estimated $522 million. The winning…

A record 4.5 million Americans quit their jobs in November

January 4, 2022 8:22 AM CNN Newsource

By Anneken Tappe, CNN Business A record 4.5 million Americans voluntarily left their jobs in November, according to the Bureau of Labor Statistics.…

Crystal Pepsi is back

January 4, 2022 10:00 AM CNN Newsource

By Jordan Valinsky, CNN Business Crystal Pepsi, the quirky, failed, clear cola from the 1990s is making a comeback. Pepsi is bringing back the soda…

A record 4.5 million Americans quit their jobs in November

January 4, 2022 9:34 AM CNN

By Anneken Tappe, CNN Business A record 4.5 million Americans voluntarily left their jobs in November, according to the Bureau of Labor Statistics.…

GM was America’s largest automaker for nearly a century. It was just dethroned by Toyota

January 4, 2022 8:51 AM CNN Newsource

By Chris Isidore, CNN Business Toyota is the leader in US auto sales for the first time, taking away a title that General Motors had held for nearly…

Classic BlackBerry phones stop working today

January 4, 2022 8:16 AM CNN

By Samantha Murphy Kelly, CNN Business You can no longer use that old BlackBerry phone sitting at the bottom of your drawer somewhere. On Tuesday,…

Apple’s warp-speed journey to $3 trillion

January 4, 2022 6:28 AM CNN Newsource

By Julia Horowitz, CNN Business The first trading day of the year featured a major milestone for Corporate America and financial markets.…

The rise and fall of Elizabeth Holmes: A timeline

January 4, 2022 6:25 AM CNN Newsource

By Sara Ashley O’Brien, CNN Business More than three years after Elizabeth Holmes was first indicted and nearly four months after her trial…

Biden’s $1 billion bet to make beef cheaper: When will prices fall?

January 4, 2022 4:26 AM CNN Newsource

By Danielle Wiener-Bronner and Matt Egan, CNN Business The White House on Monday offered a solution to surging meat prices: an action plan that…

China denounces Walmart for ‘stupidity’ after Sam’s Club was accused of pulling Xinjiang products

January 4, 2022 2:27 AM CNN Newsource

By Laura He, CNN Business Walmart has been swept up in controversy in China after one of its retailers was accused of removing products sourced from…

Evergrande has been ordered to demolish 39 buildings in Chinese resort

January 4, 2022 1:29 AM CNN Newsource

By Laura He, CNN Business Troubled Chinese real estate developer Evergrande is trying to reassure investors about the impact of an official order to…

Shared history of January 6 is impeded by disinformation, denial and diversion

January 3, 2022 10:15 PM CNN Newsource

By Brian Stelter and Donie O’Sullivan, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter.…

Shared history of January 6 is impeded by disinformation, denial and diversion

January 3, 2022 10:15 PM CNN

By Brian Stelter and Donie O’Sullivan, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter.…

Tesla just opened a new showroom in China’s Xinjiang region

January 3, 2022 9:18 PM CNN Newsource

By Peter Valdes-Dapena, CNN Business Tesla has opened a new showroom in Xinjiang, a region in western China that is purported to be the site of abuse…

AT&T and Verizon agree to postpone 5G rollout near airports by 2 weeks

January 3, 2022 8:03 PM CNN Newsource

By Brian Fung, CNN AT&T and Verizon have agreed to postpone their planned rollouts of 5G infrastructure near airports by two weeks, averting —…

AT&T and Verizon agree to postpone 5G rollout near airports by 2 weeks

January 3, 2022 8:03 PM CNN

By Brian Fung, CNN AT&T and Verizon have agreed to postpone their planned rollouts of 5G infrastructure near airports by two weeks, averting —…

The key moments from Elizabeth Holmes’ trial

January 3, 2022 7:45 PM CNN Newsource

By Rishi Iyengar, CNN Business After nearly four months of court proceedings in one of the most high-profile tech trials in recent memory, Elizabeth…

At India’s Golden Temple, an intruder was allegedly beaten to death. So why don’t politicians want to talk about it?

January 3, 2022 7:34 PM CNN Newsource

By Rhea Mogul and Esha Mitra, CNN The throngs of worshipers were mid-prayer when a man emerged from the crowd and jumped over the barrier, entering…

Elizabeth Holmes found guilty on four out of 11 federal charges

January 3, 2022 5:59 PM CNN Newsource

By Sara Ashley O’Brien, CNN Business Elizabeth Holmes, the former CEO and founder of failed blood testing startup Theranos, was found guilty on…

Elizabeth Holmes Trial: Jury says it is deadlocked on three counts

January 3, 2022 5:53 PM CNN

By Sara Ashley O’Brien, CNN Business Editor’s Note: The jury has now returned a verdict in the trial of Elizabeth Holmes. Read the full…

Big banks are booming. Now here come earnings

January 3, 2022 3:03 PM CNN

By Paul R. La Monica, CNN Business The prospect of higher interest rates this year is spooking investors in tech stocks and other high growth…

Apple’s warp-speed journey to $3 trillion

January 3, 2022 2:57 PM CNN

By Julia Horowitz, CNN Business The first trading day of the year featured a major milestone for Corporate America and financial markets.…

Rep. Marjorie Taylor Greene says Facebook blocked her account for 24 hours

January 3, 2022 2:14 PM CNN Newsource

By Donie O’Sullivan, CNN Facebook has blocked Rep. Marjorie Taylor Greene from posting on its platform for 24 hours, the Georgia Republican…

Rep. Marjorie Taylor Greene says Facebook blocked her account for 24 hours

January 3, 2022 2:14 PM CNN

By Donie O’Sullivan, CNN Facebook has blocked Rep. Marjorie Taylor Greene from posting on its platform for 24 hours, the Georgia Republican…

Stocks kicked 2022 off at record highs

January 3, 2022 2:04 PM CNN Newsource

By Anneken Tappe, CNN Business Start the year how you intend to spend it, right? For the Dow, that means at all-time highs. The index finished up…

GM was America’s largest automaker for nearly a century. It’s about to be dethroned by Toyota

January 3, 2022 12:56 PM CNN Newsource

By Chris Isidore, CNN Business Toyota is about to become the leader in US auto sales for the first time, taking away a title that General Motors has…

Elizabeth Holmes Trial: Jury says it is deadlocked on three counts

January 3, 2022 12:53 PM CNN Newsource

By Sara Ashley O’Brien, CNN Business Editor’s Note: The jury has now returned a verdict in the trial of Elizabeth Holmes. Read the full…

Mercedes says its electric concept has 620 miles of range and seats made with mushrooms

January 3, 2022 12:50 PM CNN

By Peter Valdes-Dapena, CNN Business Mercedes has unveiled a new all-electric concept car, the EQXX, that the company claims can go 620 miles on a…

AMC CEO vows on Twitter to refinance movie theater chain’s debt load

January 3, 2022 12:14 PM CNN Newsource

By Paul R. La Monica, CNN Business Movie theater chain AMC was a darling of the meme stock crowd in 2021, soaring nearly 1,200% last year thanks to…

Apple has become the world’s first $3 trillion company

January 3, 2022 11:54 AM CNN Newsource

By Paul R. La Monica, CNN Business Apple has reached yet another major milestone. The iPhone maker topped a market value of $3 trillion Monday —…

Mercedes says its electric concept has 620 miles of range and seats made with mushrooms

January 3, 2022 11:30 AM CNN Newsource

By Peter Valdes-Dapena, CNN Business Mercedes has unveiled a new all-electric concept car, the EQXX, that the company claims can go 620 miles on a…

Wall Street is getting greedy again

January 3, 2022 10:49 AM CNN Newsource

By Paul R. La Monica, CNN Business The calendar has flipped to 2022 but investors are still partying like it’s 2021. Stocks remained near…

5 ways to nail a financial negotiation

January 3, 2022 10:45 AM CNN Newsource

By Jeanne Sahadi, CNN Business Having to negotiate for what you want can feel like getting a root canal. You’d rather not do it, but sometimes…

Starbucks unveils its new employee vaccine policy

January 3, 2022 10:43 AM CNN Newsource

By Jordan Valinsky, CNN Business To comply with the Biden administration’s upcoming vaccine mandate, Starbucks is requiring its workers to be…

Little Caesars’ Hot-N-Ready pizza no longer costs $5

January 3, 2022 10:55 AM CNN Newsource

Not even Little Caesars is immune from price increases: The chain’s signature $5 Hot-N-Ready pizza now costs 11%…

Goldman Sachs tells employees to stay home due to Covid

January 3, 2022 9:53 AM CNN

By Matt Egan Goldman Sachs is joining a growing list of Wall Street firms advising employees to stay home due to soaring Covid cases. The bank sent a…

We can’t afford to let Build Back Better fail

January 3, 2022 8:31 AM CNN Newsource

Opinion by Mark Wolfe for CNN Business Perspectives The Build Back Better bill, the large social safety net and environmental spending bill being…

AT&T and Verizon won’t further delay 5G rollout amid a looming aviation impasse

January 3, 2022 8:04 AM CNN Newsource

By Brian Fung, CNN Business The nation’s biggest cellular carriers say they won’t further delay the rollout of 5G wireless service near…

Sweetgreen is selling a salad subscription

January 3, 2022 8:03 AM CNN Newsource

By Jordan Valinsky, CNN Business Sweetgreen is hoping to alleviate some of the pain of paying for its expensive salads with a new discount program.…

Tech’s biggest event starts this week. Here’s what to expect

January 3, 2022 7:57 AM CNN Newsource

By Samantha Kelly and Clare Duffy, CNN Business CES, typically one of the year’s biggest tech trade shows, is moving forward with plans to host…

Disney needs a comeback year. Will it get it?

January 3, 2022 6:43 AM CNN Newsource

By Julia Horowitz, CNN Business Disney did not have a magical 2021. Even as Covid-19 vaccines allowed countries around the world to lift…

Little Caesars’ Hot-N-Ready pizza no longer costs $5

January 3, 2022 6:38 AM CNN Newsource

By Jordan Valinsky, CNN Business Not even Little Caesars is immune from price increases: The chain’s signature $5 Hot-N-Ready pizza now costs…