Money Archives

Las Vegas, the hardest-hit metro economy in America, just suffered another blow

January 13, 2021 5:39 AM CNN Newsource

In the run-up to the Consumer Electronics Show last year, Gina Muoio was pulling 60-to-80-hour weeks at the Mandalay Bay Convention Center in Las…

Australian company renames racially offensive cheese brand

January 13, 2021 5:20 AM CNN Newsource

An Australian food company has officially renamed a famous snack brand after years of complaints that it shared its name with a racial slur.…

Why messaging app Signal is surging in popularity right now

January 13, 2021 4:40 AM CNN Newsource

Users have flocked to encrypted messaging app Signal by the millions in recent days — bringing it to the No. 1 spot on both Google Play Store and…

Amazon slams Parler in court reply and invokes Big Tech’s liability shield

January 13, 2021 4:27 AM CNN Newsource

Amazon Web Services filed its response to Parler’s lawsuit on Tuesday, blaming the social media platform favored by the far-right for filing a…

A global chip shortage is hitting carmakers at the worst possible time

January 13, 2021 3:31 AM CNN Newsource

The world’s largest carmakers are facing a critical shortage of semiconductors that threatens to hamstring production just as the industry…

UK to fine companies that fail to disclose imports tied to China’s Xinjiang region

January 12, 2021 9:29 PM CNN Newsource

The British government will fine companies which hide connections to China’s Xinjiang region where Uyghurs and other minorities are allegedly…

Corporate America halts donations to Republicans who voted to overturn the election

January 12, 2021 7:24 PM CNN Newsource

Some of America’s biggest companies are suspending donations to Republican Congress members who objected to the Electoral College’s…

Idaho has the lotto fever

January 12, 2021 6:10 PM Ariel Schroeder

The Mega Millions Jackpot is estimated at $625million and the Powerball is estimated at…

CES 2021 hightlights: see-through TVs, a rollable smartphone and ice cream pods

January 12, 2021 5:44 PM CNN Newsource

We’re two days into this year’s virtual Consumer Electronics Show, and we’ve already seen big tech announcements from companies…

Visa and Plaid scrap $5.3 billion merger agreement

January 12, 2021 4:10 PM CNN Newsource

Visa and fintech startup Plaid have terminated their $5.3 billion merger agreement after facing a legal challenge from the Department of Justice. The…

Drivers and labor union seek to overturn new California Prop 22 law

January 12, 2021 3:56 PM CNN Newsource

The fight over the future of gig economy work in California isn’t over. A labor union and a group of gig workers filed a lawsuit on Tuesday…

Analysis: Will deplatforming make Trump and the far-right vanish, move — or radicalize further?

January 12, 2021 1:30 PM CNN Newsource

Just now, silence may not be that comforting. For years there has been a din on social media — from President Trump on Twitter, from right wing…

Etsy removes ‘Camp Auschwitz’ shirt from its website following Capitol siege

January 12, 2021 1:07 PM CNN Newsource

Etsy removed a “Camp Auschwitz” t-shirt from its website after a rioter was spotted wearing a shirt with the same message during the US…

Sheldon Adelson, Republican kingmaker and casino magnate, has died at 87

January 12, 2021 12:34 PM CNN Newsource

Sheldon Adelson, the chairman and CEO of Las Vegas Sands and a major donor to Republican politicians, died late Monday following complications…

PayPal ditches Christian crowdfunding site used by the Proud Boys

January 12, 2021 12:15 PM CNN Newsource

PayPal is cutting ties with Christian crowdfunding site GiveSendGo following the January 6 US Capitol siege. The site, which the far-right extremist…

Jackpots getting bigger for Mega Millions and Powerball

January 12, 2021 11:59 AM Curtis Jackson

The jackpots for two lottery games continue to rise this…

New York Times faces new pushback on ‘Caliphate’ podcast

January 12, 2021 11:56 AM CNN Newsource

The New York Times is facing fresh blowback for how it handled the fallout over falsehoods unearthed in “Caliphate,” the paper’s…

GM is starting its own electric delivery van company

January 12, 2021 11:51 AM CNN Newsource

General Motors is starting a new vehicle brand to sell electric delivery vans in the United States and Canada beginning in 2021. Called BrightDrop,…

Dishwashing robots and Bluetooth masks: Pandemic products hit tech’s biggest show

January 12, 2021 11:26 AM CNN Newsource

A nearly human-sized robot grabs a dish out of a crowded sink with its gripper arms and neatly adds it to the dishwasher. It then sets the table,…

Deutsche Bank won’t do any more business with Trump

January 12, 2021 10:20 AM CNN Newsource

Deutsche Bank will no longer do business with President Donald Trump, a move that will cut off his business from a major source of loans that once…

Boeing reports strong end to its worst year in decades

January 12, 2021 10:17 AM CNN Newsource

Boeing ended its worst year in more than 40 years with its best month of 2020. The company reported that it delivered 39 jets to customers in…

CNN’s Sara Sidner cries during COVID-19 report: ‘We are literally killing each other’

January 12, 2021 9:37 AM CNN Newsource

CNN correspondent Sara Sidner has been covering COVID-19 grief firsthand, and on Tuesday, she shared the pain that comes with reporting on the deadly…

Why 2021 could be the year of the Dow dogs

January 12, 2021 9:45 AM CNN Newsource

There’s more to the market than the FAANG stocks of Big Tech. It could finally be time for dividend-paying value stocks like the so-called dogs…

Parler may be gone for now. That won’t stop the calls to violence online

January 12, 2021 9:12 AM CNN Newsource

Parler all but vanished from the internet this week. Major tech platforms, including Apple and Amazon, booted the social network popular with the…

Donald Trump’s money faucet is getting turned off

January 12, 2021 8:33 AM CNN Newsource

A growing number of businesses suddenly want very little to do with Donald Trump after he incited a mob to attack the Capitol. That could make it…

Ford shuts down a plant because it can’t find enough computer chips

January 12, 2021 8:01 AM CNN Newsource

A computer chip shortage has shut down the Louisville, Kentucky, Ford plant this week, the latest shutdown because of an industry-wide problem that…

Panasonic’s augmented reality display aims to change the way drivers see roads

January 12, 2021 7:20 AM CNN Newsource

The head-up display, which projects information onto the windshield for drivers, has been available in some cars since 1988. But while over the past…

GoFundMe is banning fundraising for travel expenses used for potentially violent political events

January 12, 2021 6:52 AM CNN Newsource

GoFundMe will no longer allow people to fundraise for travel expenses used for potentially violent political events after pro-Trump protesters used…

Yelp will tell you if local businesses are enforcing masks and social distancing

January 12, 2021 6:41 AM CNN Newsource

Customers observing coronavirus violations at businesses and restaurants can now complain on Yelp. The crowd-sourced review platform is expanding its…

For companies, breaking up with Trump is a delicate dance

January 12, 2021 6:25 AM CNN Newsource

Following last week’s insurrection at the US Capitol, a growing number of companies are distancing themselves from President Donald Trump and…

Sales of unapologetically ugly Crocs soar due to Covid

January 12, 2021 6:00 AM CNN Newsource

Crocs’ bittersweet moment has arrived in the midst of a global pandemic. The foam clog, derided by many for being “ugly,” expects…

Facebook bans ‘stop the steal’ content, 69 days after the election

January 12, 2021 5:06 AM CNN Newsource

Facebook will begin removing all content that mentions the phrase “stop the steal,” a full 69 days after Election Day. The social media…

Videos of passengers being removed from planes do not indicate federal no-fly status yet, TSA says

January 12, 2021 4:40 AM CNN Newsource

Videos of belligerent passengers at airports — some donning pro-Trump outfits — being forced off planes or denied boarding are circulating widely…

Now it’s sinking in: Wednesday’s Capitol Hill riot was even more violent than it first appeared

January 12, 2021 4:30 AM CNN Newsource

News outlets are publishing more and more videos, photos and testimonials from Wednesday’s pro-Trump riot on Capitol Hill. And it’s…

Bitcoin plunges more than 20% in three days. It’s now in a bear market

January 11, 2021 8:14 PM CNN Newsource

Bitcoin prices surged to a new all-time high of nearly $42,000 on Friday, only to plunge all the way back to about $31,000 Monday morning.…

Parler sues Amazon for cutting off its services

January 11, 2021 8:12 PM CNN Newsource

Parler, the alternative social media platform favored by the far-right, sued Amazon on Monday in response to being deplatformed, alleging an…

Pompeo accuses VOA of “demeaning America” in speech that whistleblowers blast as “political propaganda”

January 11, 2021 7:54 PM CNN Newsource

Secretary of State Mike Pompeo accused the Voice of America news service of “demeaning America” in a speech that a watchdog group…

What to expect at the first ever all-digital CES 2021

January 11, 2021 7:43 PM CNN Newsource

Disinfectant gadgets, next-generation fitness equipment and robots that help you cook dinner. Those are a few of the countless new products expected…

Ford shuts down a plant because it can’t find enough computers

January 11, 2021 3:16 PM CNN Newsource

A computer chip shortage has shut down the Louisville, Kentucky, Ford plant this week, the first shutdown because of an industry-wide problem that is…

Ford Mustang Mach-E wins SUV of the Year award

January 11, 2021 3:14 PM CNN Newsource

The Ford Mustang Mach-E won the 2021 North American SUV of the Year Award. The award was presented in an online ceremony Monday along with the North…

Bank of America and BP are backing Prince Charles’ new climate effort

January 11, 2021 2:12 PM CNN Newsource

Prince Charles is leading a fresh charge to tackle the climate crisis, this time with the support of several major companies including Bank of…

US banks ditch products linked to Chinese stocks after NYSE ban

January 11, 2021 12:40 PM CNN Newsource

Wall Street banks are shaking up their offerings in Hong Kong, pulling the plug on hundreds of products to comply with the US ban on several Chinese…

Twitter’s stock falls after Trump’s account is suspended

January 11, 2021 12:36 PM CNN Newsource

Shares of Twitter fell Monday after the company announced late Friday that it had permanently banned President Donald Trump from the platform.…

Racial inequality in banking is a huge problem. Killer Mike thinks he has a solution

January 11, 2021 11:52 AM CNN Newsource

Michael Render — the Atlanta rapper better known as Killer Mike — says he got an early lesson in personal finance from his mom and grandfather,…

Stripe will halt processing Trump campaign donations because of encouraged violence

January 11, 2021 11:43 AM CNN Newsource

Stripe will halt payment processing for President Donald Trump’s campaign website after last week’s breach of the US Capitol. The Wall…

Fox News removes one of its only nighttime hours of news coverage

January 11, 2021 11:38 AM CNN Newsource

Fox News Channel is removing one of its only nighttime hours of news coverage and replacing it with a right-wing opinion show, signifying a further…

Parler sues Amazon over deplatforming

January 11, 2021 11:33 AM CNN Newsource

Parler, the alternative social media platform favored by conservatives, sued Amazon on Monday in response to being deplatformed, alleging an…

The fried chicken sandwich wars are heating up. Here are the new entrants

January 9, 2021 5:12 AM CNN

The fried chicken sandwich wars sparked by Popeyes in 2019 are still clucking along two years later — and they’re heating up again. This…

CNN announces promotions for Jake Tapper, Abby Phillip, Dana Bash and others

January 11, 2021 10:20 AM CNN Newsource

Some of the most respected faces of CNN’s marathon election coverage are being promoted to more prominent roles, according to a series of…

Bone appétit: Ben & Jerry’s is now making dog treats

January 11, 2021 6:07 AM CNN Newsource

Ben & Jerry’s is already irresistible to most humans — and now, they’re looking to hook man’s best friend with a new line of…

Boot brand Dr. Martens is considering a London IPO

January 11, 2021 9:44 AM CNN Newsource

Iconic footwear brand Dr. Martens is considering a listing on the London Stock Exchange amid a bullish outlook for the UK IPO market in 2021. The…

Nearly 4 million Americans have been out of work for at least six months

January 11, 2021 9:39 AM CNN Newsource

Jennifer Davis lost her job as director of catering and special events at a small restaurant chain within 15 minutes of Maryland shuttering bars and…

PGA cancels plans to play 2022 championship at Trump golf course

January 11, 2021 9:01 AM CNN Newsource

The 2022 PGA Championship will not be played at Trump National Golf Club Bedminster in New Jersey, according to an announcement from PGA of America…

Dwayne ‘The Rock’ Johnson is launching an energy drink

January 11, 2021 8:29 AM CNN Newsource

Can you smell what “The Rock” is cooking? The wrestler-turned-actor-turned-entrepreneur is entering the energy drink business with ZOA, a…

Richard Branson’s mother dies of Covid-19

January 11, 2021 7:36 AM CNN Newsource

Eve Branson, mother of Richard Branson, the billionaire founder of the Virgin Group, has died of coronavirus, her son announced Monday. In a blog…

Staples offers to buy Office Depot for $2.1 billion

January 11, 2021 7:30 AM CNN Newsource

Staples is once again proposing to buy rival Office Depot in a $2.1 billion deal, five years after the US government squashed their prior merger…

Corporate America pulls the plug on President Trump

January 11, 2021 7:21 AM CNN Newsource

Corporate America has long had a complex relationship with President Donald Trump. Many executives have been critical of his unpredictability,…

Fox News adds another hour of opinion programming to its evening schedule

January 11, 2021 7:16 AM CNN Newsource

Fox News Channel is removing one of its only nighttime hours of news coverage and replacing it with a right-wing opinion show, signifying a further…

Parler has now been booted by Amazon, Apple and Google

January 11, 2021 4:54 AM CNN Newsource

Parler, the alternative social media platform favored by conservatives, now finds itself virtually homeless on the internet as Amazon, Apple and…

Chinese search giant Baidu teams up with Geely to build electric cars

January 11, 2021 3:16 AM CNN Newsource

Chinese search giant Baidu is teaming up with carmaker Geely to build electric vehicles, the latest move by a tech company to shape the future of the…

Experts warn that Trump’s ‘big lie’ will outlast his presidency

January 10, 2021 10:33 PM CNN Newsource

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. So many lies led up…

CEO arrested for breaching the US Capitol during Trump-fueled insurrection

January 10, 2021 7:42 PM CNN Newsource

The CEO of a Chicago company said he was arrested after breaching the US Capitol during Wednesday’s Trump-fueled insurrection in Washington,…

Capitol rioter to CNN: We could absolutely f***ing destroy you

January 10, 2021 1:12 PM CNN Newsource

Journalists reported on violence and chaos in real time as rioters stormed the Capitol Wednesday, and some members of the media experienced the wrath…

Stelter: Fox News and Facebook are part of the pro-Trump fantasyland that enabled the Capitol siege

January 10, 2021 12:53 PM CNN Newsource

A sick brew of misinformation and hate, cooked up for years by pro-Trump media and enabled by Big Tech, culminated last Wednesday in the siege of the…

Parler has now been booted by Amazon, Apple and Google, and it may have to go offline temporarily

January 10, 2021 11:38 AM CNN

Parler, the alternative social media platform favored by conservatives, now finds itself virtually homeless on the internet as Amazon, Apple and…

The Capitol siege began with a web of delusion

January 10, 2021 10:45 AM CNN

The Capitol insurrection didn’t come out of thin air: It was a result of rage and a web of delusion that many supporters of President Donald…

Parler: Everything you need to know about the banned conservative social media platform

January 10, 2021 10:07 AM CNN

Parler, the alternative social network popular with conservatives, has been banned by Apple, Google and Amazon. Despite its niche audience, Parler is…

Tesla is surging. Is it too late for investors to get in?

January 10, 2021 7:58 AM CNN

Telsa shares outperformed all other major stocks by a wide margin last year, rising 743%. So does that mean its incredible run is behind it? Maybe…

Political instability is another strike against the dollar

January 10, 2021 7:01 AM CNN

There are plenty of reasons to bet against the US dollar right now. Add the riots at the Capitol last week to the list. What’s happening:…

Has the Tesla rally run its course? Or is it too late for investors to get in?

January 10, 2021 5:59 AM CNN

Telsa shares outperformed all other major stocks by a wide margin last year, rising 743%. So does that mean its incredible run is behind it? Maybe…

CNN’s Elle Reeve: ‘Donald Trump plus the Internet brings extremism to the masses’

January 9, 2021 7:39 PM CNN

It was an Extremely Online riot. Some of the people who stormed the Capitol on Wednesday, stalked its majestic halls, and delayed the certification…

Apple suspends Parler from App Store

January 9, 2021 6:22 PM CNN

Apple removed Parler, the alternative social media platform popular with conservatives, from its app store on Saturday. “[T]here is no place on…

Deutsche Bank to pay more than $100 million in deferred prosecution agreement with federal prosecutors

January 9, 2021 2:38 PM CNN

Deutsche Bank entered into a deferred prosecution agreement with federal prosecutors who allege the bank violated anti-bribery laws while doing…

Twitter bans President Trump permanently

January 9, 2021 7:19 AM CNN

Twitter has suspended President Trump from its platform, the company said Friday evening. “After close review of recent Tweets from the…

Twitter takes Trump’s special power away as his isolation grows

January 9, 2021 4:06 AM CNN

It took President Donald Trump years and tens of thousands of tweets to build up 88.7 million followers on Twitter. It took a single moment Friday to…

Right-wing social media app Parler has been removed from the Google Play store

January 8, 2021 8:15 PM CNN

Parler, the alternative social media platform popular with conservatives, has been banned from the Google Play Store, Google told CNN Business Friday…

The US economy lost 140,000 jobs in December. All of them were held by women

January 8, 2021 7:25 PM CNN

A year ago, a rare thing happened to American women. For three months, they held more jobs than men in the US economy — something that had only…

The toxic, symbiotic relationship between Trump and Twitter is finally over

January 8, 2021 6:44 PM CNN

President Donald Trump’s tweeting privileges were briefly restored following Twitter’s temporary lock on his account this week for…

Trump is losing his powerful social media machine. Now what?

January 8, 2021 5:42 PM CNN

After four years of using social media platforms to bypass traditional media and spread his message directly to millions of people, President Donald…

Twitter has suspended President Donald Trump from its platform

January 8, 2021 4:27 PM CNN

Twitter has suspended President Donald Trump from its platform, the company said Friday evening. “After close review of recent Tweets from the…

Stocks rally as investors wait and hope for more stimulus

January 8, 2021 2:09 PM CNN

Bad news was good news for Wall Street Friday. Stocks rose at the opening bell to hit more new record highs — despite the fact that the United…

GM redesigns its logo after more than 50 years

January 8, 2021 1:32 PM CNN

General Motors unveiled a new logo Friday that the company says symbolizes its shift toward electric vehicles. The now-lowercase letter M, for…

Bitcoin rally may be the ‘mother of all bubbles’ says BofA

January 8, 2021 1:30 PM CNN

Bitcoin prices have doubled in less than a month to more than $40,000. And while cryptocurrency bulls argue this stunning surge is justified, some on…

Stocks pull back as stimulus hopes fade

January 8, 2021 1:09 PM CNN

Bad news was good news for Wall Street early Friday. Stocks rose at the opening bell to hit more new records — despite the fact that the United…

Capitol riots raise urgent concerns about Congress’s information security

January 8, 2021 11:36 AM CNN

Digital security experts are raising the alarm over Wednesday’s breach of the US Capitol, which not only threatened lawmakers’ physical…

Trump is in danger of losing his powerful social media machine

January 8, 2021 11:29 AM CNN

After four years of using social media platforms to bypass traditional media and spread his message directly to millions of people, President Donald…

Idaho Lottery debuts new Pick 4 Draw game on Sunday

January 8, 2021 11:10 AM News Team

The Idaho Lottery will unveil a new, twice daily Draw Game on…

A radish in a tutu walking a dog? This AI can draw it really well

January 8, 2021 10:28 AM CNN

An artist can draw a baby daikon radish wearing a tutu and walking a dog, even if they’ve never seen one before. But this kind of visual mashup…

Stocks hit new records despite dour jobs report

January 8, 2021 10:22 AM CNN

Bad news is good news again on Wall Street. Stocks rose at the opening bell Friday to hit more new records — despite the fact that the United…

Restaurants like Olive Garden and Applebee’s were in trouble even before the pandemic

January 8, 2021 9:19 AM CNN

If you grew up in the 1990s, you might remember a trip to Olive Garden or Applebee’s as the highlight of your week. Those days are gone. Over…

Biden’s work just got harder: America lost a staggering 140,000 jobs in December

January 8, 2021 8:43 AM CNN

America’s job market recovery ground to a halt in December, making President-elect Joe Biden’s task to repair the economy that much…

Sen. Josh Hawley’s book canceled by publisher citing ‘deadly insurrection’ at Capitol building

January 8, 2021 7:47 AM CNN

In an extraordinary move, Simon & Schuster announced Thursday that it would no longer publish a planned book by Sen. Josh Hawley, one of the…

America sheds jobs for the first time since April

January 8, 2021 6:57 AM CNN

America’s job market recovery ground to a halt in December, losing a staggering 140,000 jobs, the Bureau of Labor Statistics reported Friday…

KFC is finally upgrading its chicken sandwich

January 8, 2021 6:35 AM CNN

Colonel Sanders is entering 2021 ready to rumble in the seemingly never-ending chicken sandwich wars. KFC is finally updating its fried chicken…

America needs jobs. It’s now up to Democrats to deliver

January 8, 2021 5:47 AM CNN

The latest US jobs report, due Friday, is set to include an alarming figure. Economists polled by Refinitiv expect to learn that just 71,000 jobs…

Boeing agrees to pay $2.5 billion to settle charges it defrauded FAA on 737 Max

January 8, 2021 4:50 AM CNN

Boeing reached a $2.5 billion settlement with the Justice Department on Thursday to settle criminal charges that the company defrauded the Federal…

Joe Biden’s economic agenda is suddenly alive again. America could use the jobs

January 8, 2021 4:42 AM CNN

Democrats are taking control of the Senate, breathing new life into President-elect Joe Biden’s economic agenda at a time America’s job…

Elon Musk overtakes Jeff Bezos to become world’s richest person

January 8, 2021 3:41 AM CNN

Elon Musk edged past Amazon founder Jeff Bezos to grab the title of world’s richest person, according to Bloomberg. A 6% rise in Tesla shares…

Hyundai’s stock skyrockets on reports it is in talks with Apple to build a car

January 8, 2021 1:17 AM CNN

Hyundai’s stock recorded its best day in at least two decades after the South Korean automaker was reported to be in early talks with Apple to…

Hyundai stock skyrockets on reports it is in early talks with Apple to build a car

January 7, 2021 8:30 PM CNN

Hyundai’s stock is on pace for its best day in at least two decades on reports that the South Korean automaker is in early talks with Apple to…