If it looks like a recession and quacks like a recession…
By Paul R. La Monica, CNN Business Is the United States heading for a recession? Or is the economy already in one? It — almost —…
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Elon Musk denies affair with Sergey Brin’s wife Nicole Shanahan
By Anna Cooban, CNN Business Elon Musk has denied having an affair with Nicole Shanahan, the wife of Google’s co-founder, Sergey Brin. Over the…
Continue Reading Farmers forced to sell their cows as drought conditions worsen across US
By Vanessa Yurkevich, CNN Business Extreme drought and inflationary pressures are forcing US farmers in Western states to sell off their cattle herds…
Continue Reading Google fires engineer who contended its AI technology was sentient
By Ramishah Maruf, CNN Google has fired the engineer who claimed an unreleased AI system had become sentient, the company confirmed, saying he…
Continue Reading This reporter tried to expose Harvey Weinstein’s crimes 20 years ago. His account is finally out
By Ramishah Maruf, CNN Long-time New Yorker media reporter Ken Auletta heard whispers of Harvey Weinstein’s sexual abuse of women 20 years ago…
Continue Reading ‘Nope’ is Jordan Peele’s latest No. 1 film at the box office
By Frank Pallotta, CNN Business “Nope,” Jordan Peele’s third movie, opened to an estimated $44 million this weekend in North…
Continue Reading Post-Covid, Elvis Presley’s Graceland bonds default
By Alexandra Peers, CNN Business “The Mississippi Delta is shining like a National guitar… And for reasons I cannot explain there’s…
Continue Reading What the Fed and Madonna have in common
By Nicole Goodkind, CNN Business Since its founding in 1913, the US Federal Reserve has fought to achieve three goals: maximum employment, stable…
Continue Reading Disney changes name of ‘Fairy Godmothers in Training’ in US theme parks to gender-neutral term to be more inclusive, company says
By Emma Tucker Disney’s “Fairy Godmothers in Training” who dress up children as princesses and knights in boutiques at its US theme…
Continue Reading Vince McMahon retires from WWE amid hush money investigation
By Frank Pallotta, CNN Business Vince McMahon, the former WWE chief executive, is retiring from the company, he said in a statement on Friday. The…
Continue Reading Why these ‘unretirees’ went back to work
By Kathryn Vasel, CNN Business In 2020, Joe DiPastena felt confident enough to retire earlier than planned. But by 2022, he was having second…
Continue Reading FedEx is trimming Sunday delivery to US rural homes
By Chris Isidore, CNN Business FedEx’s Ground service will stop making Sunday deliveries to about 15% of the US homes it’s currently…
Continue Reading Cadillac thinks its hand-built electric car can take on Rolls-Royce
By Peter Valdes-Dapena, CNN Business Cadillac is going back into a market segment it hasn’t occupied in decades: the world of true ultra-luxury…
Continue Reading Volkswagen CEO to leave in surprise move
By Chris Isidore, CNN Business Volkswagen’s CEO is leaving his post in a surprise move, effective September 1. The company announced Friday…
Continue Reading Rise in gasoline prices threatens social stability and food security in Latin America
By Stefano Pozzebon, CNN South American countries are bracing for an autumn of discontent, as spiking global fuel prices threaten to provoke more…
Continue Reading We played ‘Stray,’ everyone’s favorite new cat-centric video game. It’s purrfection
By Rachel Metz and Rishi Iyengar, CNN Business This week, two of the most passionate communities online — gamers and cat lovers — collided with…
Continue Reading We played ‘Stray,’ everyone’s favorite new cat-centric video game. It’s purrfection
By Rachel Metz and Rishi Iyengar, CNN Business This week, two of the most passionate communities online — gamers and cat lovers — collided with…
Continue Reading Why a social media app is dragging the market lower
By Julia Horowitz, CNN Business An average 347 million people use Snapchat every day. That’s a fraction of the nearly 2 billion daily active…
Continue Reading You’re not the only one who’s confused about the economy. The experts are baffled, too
Martha C. White The recovery wasn’t supposed to go like this. Wall Street and Main Street alike are suffering from whiplash when it comes to…
Continue Reading As more coupons move online, older and low-income shoppers get left out
By Nathaniel Meyersohn, CNN Business Susie Ingram has been a coupon-clipper all her life. “It has saved me a lot of money over the…
Continue Reading Recession warning: Some Americans are having trouble paying bills
By Paul R. La Monica, CNN Business Is America’s economy already in a recession? That’s a debate among central bankers, investors and…
Continue Reading ‘Nope’ hopes to be Jordan Peele’s latest out-of-this-world hit
By Frank Pallotta, CNN Business Jordan Peele is hoping to go three-for-three at the box office. The director’s third movie, “Nope,”…
Continue Reading ‘Nope’ is Jordan Peele’s latest No. 1 film at the box office
By Frank Pallotta, CNN Business “Nope,” Jordan Peele’s third movie, opened to an estimated $44 million this weekend in North…
Continue Reading Opinion: Without real solutions, renters will continue to be worse off
Opinion by Jung Hyun Choi and Daniel Pang for CNN Business Perspectives Over the past year, both rents and home prices have risen faster than…
Continue Reading Twitter says ‘uncertainty’ with Elon Musk is hurting its business
By Clare Duffy, CNN Business Twitter’s battle with Elon Musk is weighing on its business. The company on Friday reported revenue of $1.18…
Continue Reading Why a social media app is dragging the market lower
By Julia Horowitz, CNN Business An average 347 million people use Snapchat every day. That’s a fraction of the nearly 2 billion daily active…
Continue Reading Germany bails out its biggest natural gas importer
By Anna Cooban, CNN Business The German government has stepped in to bail out one of its biggest energy companies — the latest casualty of…
Continue Reading China extends property loans at the fastest pace in three years as mortgage crisis spreads
By Laura He, CNN Business China’s banking regulator has pledged to boost lending to help developers finish stalled property projects and boost…
Continue Reading Here today, gone tomorrow: China’s vanishing livestreamers
By Laura He, CNN Business One month ago, Li Jiaqi disappeared from the internet. The 30-year-old livestreamer, also known as Austin Li, was — until…
Continue Reading ‘We are not satisfied with the results.’ Snap stock tanks 25% after another disappointing quarter
By Clare Duffy, CNN Business Snap’s rough year continues. Shares of Snapchat’s parent company tanked more than 25% in after-hours trading…
Continue Reading The FCC is cracking down on ‘auto warranty’ robocalls
By Brian Fung, CNN US telecom providers will now be required to block millions of illegal robocalls a day advertising extended vehicle warranties,…
Continue Reading To infinity and beyond: Mattel announces toy deal with SpaceX
By Chiara Grimes, CNN Business Mattel, Inc. announced Wednesday that it has entered into a multi-year, worldwide agreement with SpaceX to create a…
Continue Reading How to invest like Warren Buffett during a recession
By Nicole Goodkind, CNN Business Between 2020 and 2022, stocks shot toward the moon. This year, they’ve been jettisoned back to Earth. The…
Continue Reading Domino’s is still struggling to get pizza to your house
By Danielle Wiener-Bronner, CNN Business Domino’s is still struggling with delivery. “The delivery business continued to be more…
Continue Reading Tesla dumped a big chunk of its bitcoin holdings. Should you?
By Paul R. La Monica, CNN Business Bitcoin prices were cooling off Thursday following a big spike in the past week. And it appears Elon Musk might be…
Continue Reading Europe’s historic inflation fight begins now
By Julia Horowitz, CNN Business The European Central Bank is about to raise interest rates for the first time in 11 years as it attempts to put a lid…
Continue Reading Workers aren’t having to settle for part-time work any more
By Chris Isidore, CNN Business Part-time work has become a lot less popular, both with job seekers and employers. The number of workers who are…
Continue Reading Here’s what it looks like to ride a Chinese robotaxi with no steering wheel
By Michelle Toh, CNN Business Baidu has unveiled plans for an electric self-driving car with a removable steering wheel, marking another step forward…
Continue Reading Netflix’s vision for the future of streaming: More expensive or less convenient
By Frank Pallotta, CNN Business Netflix lost roughly a million customers last quarter — the most in the company’s 25-year history. But it…
Continue Reading American and United airlines return to profitability
By Chris Isidore, CNN Business American and United airlines both reported their first operating profit since the start of the pandemic, as strong…
Continue Reading Mortgage rates tick higher again as recession fears loom
By Anna Bahney, CNN Business Mortgage rates ticked higher for the second week in a row as more economic indicators flashed warning signs of an…
Continue Reading YouTube will start removing misinformation related to abortion
By Clare Duffy, CNN Business YouTube on Thursday said it will no longer allow misinformation related to abortion on its platform, including false…
Continue Reading Europe’s economy is in dire straits. This week presents a crucial test
By Julia Horowitz, CNN Business Europe’s economy, which accounts for almost a fifth of the world’s output, is facing its toughest test…
Continue Reading Europe’s economy surprisingly grew last quarter, easing recession fears (for now)
By Anna Cooban and Julia Horowitz, CNN Business Europe’s economy grew unexpectedly in the second quarter of this year, allaying concerns —…
Continue Reading Amazon to buy One Medical for $3.9 billion as it expands healthcare footprint
By Catherine Thorbecke Amazon on Thursday said it has entered an agreement to acquire primary healthcare company One Medical in an all-cash deal…
Continue Reading Facebook is redesigning the home feed
By Clare Duffy, CNN Business Facebook’s rumored redesign has arrived. Starting Thursday, the platform is splitting up its main…
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 The European Central Bank raises rates for the first time in 11 years
By Julia Horowitz, CNN Business In a bold attempt to get inflation under control, the European Central Bank on Thursday announced it would hike its…
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Have you recently shifted from part-time to full-time work?
Workers aren’t settling for part-time work nearly as often as they used to. The number of workers employed in part-time jobs because they…
Continue Reading Rents hit another record high. But it’s still a better deal than buying in most US cities
By Anna Bahney, CNN Business Rents hit another record high in June, putting more pressure on renters. But with the costs associated with buying a…
Continue Reading Russian and European astronauts conduct rare joint spacewalk
By Jackie Wattles, CNN Business Two astronauts — one European and one Russian — exited the airlock on the International Space Station for a…
Continue Reading China fines Didi $1.2 billion for violating cybersecurity and data laws
By Yong Xiong, Larry Register and Laura He, CNN Business China’s cyberspace regulator fined Didi Global just over 8 billion yuan ($1.2 billion)…
Continue Reading Germany bails out its biggest natural gas importer
By Anna Cooban, CNN Business The German government has stepped in to bail out one of its biggest energy companies — the latest casualty of…
Continue Reading Russian gas is flowing to Europe again over the crucial Nord Stream 1 pipeline
By Irene Nasser and Yong Xiong, CNN Business Gazprom has resumed gas shipments through the Nord Stream 1 pipeline, a vital artery linking…
Continue Reading India’s top court grants bail to Muslim journalist accused of insulting Hindus
By Esha Mitra and Rhea Mogul, CNN Muslim journalist Mohammed Zubair has been freed from jail on the order of India’s Supreme Court after he was…
Continue Reading These are the keys to 401(k) investing success in a falling market
By Jeanne Sahadi, CNN Business There really was no place for 401(k) investors to hide in the first half of this year. Even though their portfolios…
Continue Reading US Postal Service says at least 40% of new delivery trucks will be electric
By Matt McFarland, CNN Business The US Postal Service said Wednesday that at least 40% of its new delivery vehicles will be electric, up from the 10%…
Continue Reading Tesla earnings fall on hit from China Covid surge
By Chris Isidore, CNN Business Lockdowns caused by the Covid surge in China caused sales and profits to fall at Tesla compared to the first three…
Continue Reading This airline is launching electronic bag tags to speed up airport check-in
By Jennifer Korn, CNN Business Alaska Airlines is rolling out electronic bag tags in an effort to speed up the airport check-in process for…
Continue Reading This airline is launching electronic bag tags to speed up airport check-in
By Jennifer Korn, CNN Business Alaska Airlines is rolling out electronic bag tags in an effort to speed up the airport check-in process for…
Continue Reading The CEO of Goldman Sachs is worried about a recession
By Paul R. La Monica, CNN Business The CEO of one of America’s largest banks is worried inflation will remain problematic for a while longer…
Continue Reading The CEO of Goldman Sachs is worried about a recession
By Paul R. La Monica, CNN Business The CEO of one of America’s largest banks is worried inflation will remain problematic for a while longer…
Continue Reading Home prices hit an all-time high, even as sales continue to slow
By Anna Bahney, CNN Business Home prices hit a new all-time high in June, even as home sales declined for the fifth straight month as a lack of…
Continue Reading Netflix finally told investors what they want to hear. Now comes the hard part
By Julia Horowitz, CNN Business It wasn’t long ago that Wall Street would have bristled at such grim news out of Netflix: Between April and…
Continue Reading Mega Millions jackpot soars to $630 million after no winner matched all 6 numbers Tuesday
By Aya Elamroussi, CNN The Mega Millions jackpot has ballooned to $630 million after there were no winners to match Tuesday’s winning six…
Continue Reading Europe’s economy is in dire straits. This week presents a crucial test
By Julia Horowitz, CNN Business Europe’s economy, which accounts for almost a fifth of the world’s output, is facing its toughest test…
Continue Reading Opinion: The painful market selloff should be over soon
Opinion by Mark Zandi for CNN Business Perspectives The stock market is having a rough go. Since hitting an all-time high on the first trading day of…
Continue Reading Moms are crossing borders in search of baby formula
By Parija Kavilanz, CNN Business For one group of workers, the baby formula shortage is a multi-pronged crisis that threatens not only the well-being…
Continue Reading Nearly ‘zero revenue’: Macao’s casinos were burning millions a day. Then came a lockdown
By Michelle Toh, CNN Business Macao’s casinos have been bleeding hundreds of millions of dollars a month during the pandemic. Now a prolonged…
Continue Reading First on CNN: Goodyear developing airless metal tires for GM’s moon buggy
By Peter Valdes-Dapena, CNN Business General Motors and Lockheed Martin are working together on a new Lunar Rover. but it needs tires. So, Goodyear…
Continue Reading Russia broke the stock market. Now there’s only one reliable way to make money
By Nicole Goodkind, CNN Business Investors searching for safe havens during the worst inflation in more than 40 years are out of luck. As markets…
Continue Reading Next ‘Squid Game?’ Big ratings on Netflix boosts hope for next Korean hit
By Michelle Toh, CNN Business A new show about a young female attorney has become another South Korean hit on Netflix, giving investors hope that the…
Continue Reading Europe plans to force countries to ration gas as Russia weaponizes energy
By Anna Cooban, CNN Business The European Union has unveiled its emergency gas rationing plan — a day before it fears Russia could drastically cut…
Continue Reading Daily Harvest identifies ingredient that may have caused mystery illness in customers
By Catherine Thorbecke, CNN Business Weeks after Daily Harvest announced the voluntary recall of its French Lentil and Leek Crumbles, the company…
Continue Reading Judge orders October trial for lawsuit between Elon Musk and Twitter
By Clare Duffy, CNN Business In an early victory for Twitter, a judge on Tuesday ruled that the company’s lawsuit against Elon Musk over their…
Continue Reading Chipotle permanently shutters store that filed to unionize
By Danielle Wiener-Bronner and Chris Isidore, CNN Business Chipotle permanently closed a restaurant in Augusta, Maine that filed to form a union last…
Continue Reading Apple agrees to pay $50 million to settle issues related to its ‘butterfly’ keyboards
By Catherine Thorbecke, CNN Business Apple has agreed to pay $50 million to settle a class action lawsuit from customers who say they experienced…
Continue Reading Crypto is making a big comeback. Will it last?
By Paul R. La Monica, CNN Business It has been an absolutely brutal year for investors in bitcoin and other cryptocurrencies. Bitcoin has lost more…
Continue Reading He went to orbit on a SpaceX rocket. Now, he’s working for its archrival
By Jackie Wattles, CNN Business One of four passengers who joined SpaceX’s first-ever space tourism mission last year and who spent months…
Continue Reading Netflix loses subscribers, but stops the bleeding
By Frank Pallotta, CNN Business Netflix reported Tuesday that it lost 970,000 subscribers in the second quarter of 2022 — a number far lower than…
Continue Reading Netflix’s vision for the future of streaming: More expensive or less convenient
By Frank Pallotta, CNN Business Netflix lost roughly a million customers last quarter — the most in the company’s 25-year history. But it…
Continue Reading Home building stalls as the real estate market cools. That won’t help affordability
By Anna Bahney, CNN Business Home builders are hitting the brakes as building costs rise and prospective buyers get priced out of the market. June…
Continue Reading Starbucks CEO on store closings: ‘There are going to be many more’
By Danielle Wiener-Bronner, CNN Business Starbucks may not be done closing stores over safety concerns. “We are beginning to close…
Continue Reading Amazon sues administrators of more than 11,000 Facebook groups that allegedly brokered fake online reviews
By Brian Fung, CNN Amazon said Tuesday it has sued the administrators of more than 11,000 Facebook groups allegedly responsible for facilitating the…
Continue Reading Biden administration pushes to close the growing cybersecurity workforce gap
By Brian Fung, CNN Business The Biden administration is pushing to fill hundreds of thousands of cybersecurity jobs in the United States as part of a…
Continue Reading Not everyone can afford air conditioning during a brutal heat wave. Here’s how they cope
By Tami Luhby, CNN Even when the temperature soars into the 90s, Linda Morris won’t turn on her air conditioning until she feels she’s…
Continue Reading Not everyone can afford air conditioning during a brutal heat wave. Here’s how they cope
By Tami Luhby, CNN Even when the temperature soars into the 90s, Linda Morris won’t turn on her air conditioning until she feels she’s…
Continue Reading Justice Department opens civil probe into Amazon’s workplace safety practices
By Kara Scannell, CNN Business The US attorney’s office in Manhattan has opened a civil investigation into workplace safety at Amazon…
Continue Reading Another company called Meta says Facebook rebrand ‘obliterated’ its business
By Clare Duffy, CNN Business Meta Platforms, the company formerly known as Facebook, has been sued for trademark infringement by MetaX LLC, a company…
Continue Reading Opinion: The pilot shortage is about to get a lot worse
Opinion by Geoff Murray, Andrew Medland and Rory Heilakka for CNN Business Perspectives The ongoing pilot shortage has already wreaked havoc on…
Continue Reading This is the key to getting the global economy working again
By Julia Horowitz, CNN Business Global supply chains are still a snarled mess, disrupting deliveries of goods, adding to headaches for businesses and…
Continue Reading GM reports strong sales but says it’s prepared for possible recession
By Chris Isidore, CNN Business General Motors said strong sales and demand for vehicles doesn’t suggest any signs of an economic slowdown, but…
Continue Reading Judge orders October trial for lawsuit between Elon Musk and Twitter
By Clare Duffy, CNN Business In an early victory for Twitter, a judge on Tuesday ruled that the company’s lawsuit against Elon Musk over their…
Continue Reading Judge orders October trial for lawsuit between Elon Musk and Twitter
By Clare Duffy, CNN Business In an early victory for Twitter, a judge on Tuesday ruled that the company’s lawsuit against Elon Musk over their…
Continue Reading UK workers suffer their biggest pay drop in two decades as inflation bites
By Anna Cooban, CNN Business Workers in the United Kingdom are struggling with the biggest drop in pay in more than two decades, as surging food and…
Continue Reading The Chevy Blazer EV will be GM’s new mass-market electric SUV
By Peter Valdes-Dapena, CNN Business General Motors revealed a new electric mid-sized SUV, the Chevrolet Blazer EV, that will go on sale in about a…
Continue Reading KFC just rolled out a new menu item to attract a younger crowd
By Danielle Wiener-Bronner, CNN Business KFC is trying out a new type of chicken nugget in an effort to attract younger consumers. Starting Monday,…
Continue Reading Staten Island ferry cuts service due to uptick of Covid-19 cases among staff members
By Vanessa Yurkevich, CNN The Staten Island ferry, known for getting residents and commuters to and from Lower Manhattan to Staten Island in 25…
Continue Reading More US stations are selling gas for less than $4 a gallon
By Chris Isidore, CNN Business Gasoline for less than $4 a gallon is back, at least in some spots. Nearly one in five gas stations is charging under…
Continue Reading Democrats plan new legislation to establish net neutrality rules
By Brian Fung, CNN Business Two Democratic senators are planning to reopen a high-stakes battle over internet access in the coming weeks, with a bill…
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