Money Archives

Why companies are obsessing over worker pay

January 31, 2022 6:10 AM CNN Newsource

By Julia Horowitz, CNN Business What do banks, airlines and fast food chains have in common? They’re all keeping a close eye on rising wages,…

Why grocery prices keep surging

January 31, 2022 10:23 AM CNN Newsource

Grocery costs keep climbing. Prices of meat, seafood, produce, cereal and other kitchen staples shot up 9% in…

Here’s who has left Spotify because of Joe Rogan

January 31, 2022 9:49 AM CNN

By Frank Pallotta, CNN Business Spotify has had a rough couple of weeks. Its stock took a big hit Wednesday because of a slowing growth forecast, and…

Joe Rogan responds to backlash from Spotify artists

January 31, 2022 9:49 AM CNN Newsource

By Ramishah Maruf, CNN Joe Rogan has responded to the backlash he’s received from Spotify artists surrounding Covid-19 misinformation on his…

The labor market is upside down. Here’s what CEOs can do about it

January 31, 2022 9:20 AM CNN Newsource

Opinion by Asutosh Padhi for CNN Business Perspectives As the managing partner for McKinsey in North America, I talk to CEOs every week, and I keep…

‘Maus’ is back on best seller lists after its ban from a Tennessee school district

January 31, 2022 9:15 AM CNN Newsource

By Scottie Andrew, CNN Within weeks of a Tennessee school district moving to ban “Maus,” a Pulitzer Prize-winning graphic novel depicting…

‘Maus’ is back on best seller lists after its ban from a Tennessee school district

January 31, 2022 9:15 AM CNN

By Scottie Andrew, CNN Within weeks of a Tennessee school district moving to ban “Maus,” a Pulitzer Prize-winning graphic novel depicting…

Everything Hershey makes is going to get more expensive

January 31, 2022 5:52 AM CNN

By Danielle Wiener-Bronner, CNN Business Stress eating is about to get more expensive: Hershey is raising prices this year. “Pricing will be an…

Why grocery prices keep surging

January 31, 2022 5:52 AM CNN Newsource

By Gabe Cohen, CNN Business Grocery costs keep climbing. Prices of meat, seafood, produce, cereal and other kitchen staples shot up 9% in 2021.…

Spotify makes public platform rules that cover Covid-19 misinformation. Will it be enough?

January 31, 2022 4:41 AM CNN

By Ramishah Maruf, CNN Business Spotify responded to criticism it has received regarding Covid-19 content Sunday after a number of prominent artists…

From visa denials to online trolling, foreign journalists in China say they face ‘unprecedented hurdles’

January 31, 2022 12:59 AM CNN Newsource

By Diksha Madhok, CNN Business China’s government is using new intimidation methods against journalists and their sources, according to an…

Shanghai metro sparks Covid panic with festive red QR codes

January 30, 2022 11:30 PM CNN Newsource

By Jessie Yeung and CNN’s Beijing Bureau, CNN Business A Chinese subway system’s attempt to spread some Lunar New Year cheer backfired…

Coronavirus lockdowns are still taking a toll on China’s factories

January 30, 2022 11:14 PM CNN Newsource

By Laura He, CNN Business Coronavirus outbreaks and strict lockdowns in China are continuing to take their toll on the country’s factories. A…

Platform power struggles: Joe Rogan, Dan Bongino, banned books spur debate

January 30, 2022 8:58 PM CNN

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

Platform power struggles: Joe Rogan, Dan Bongino, banned books spur debate

January 30, 2022 8:58 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…

Spotify makes public platform rules that cover Covid-19 misinformation. Will it be enough?

January 30, 2022 4:52 PM CNN

By Ramishah Maruf, CNN Business Spotify responded to criticism it has received regarding Covid-19 content Sunday after a number of prominent artists…

Spotify makes public platform rules that cover Covid-19 misinformation. Will it be enough?

January 30, 2022 4:28 PM CNN Newsource

By Ramishah Maruf, CNN Business Spotify responded to criticism it has received regarding Covid-19 content Sunday after a number of prominent artists…

Elon Musk offered a Florida teen $5,000 to delete a Twitter account tracking his jet. It wasn’t enough

January 30, 2022 1:33 PM CNN Newsource

By Ramishah Maruf, CNN Business Jack Sweeney, a 19-year-old from Florida, rejected a $5,000 offer from Elon Musk to delete his Twitter account that…

A new crop of shopping tools aims to help consumers beat the supply chain crunch and the bots

January 30, 2022 6:49 AM CNN Newsource

By Brian Fung, CNN Business A few days after Christmas, Aaron Worley and his wife began feeling ill. Fearing they may have contracted Covid-19 over…

A new crop of shopping tools aims to help consumers beat the supply chain crunch and the bots

January 30, 2022 6:49 AM CNN

By Brian Fung, CNN Business A few days after Christmas, Aaron Worley and his wife began feeling ill. Fearing they may have contracted Covid-19 over…

Warren Buffett is having the last laugh

January 30, 2022 5:32 AM CNN Newsource

By Paul R. La Monica, CNN Business It’s been a tough start to the year for investors in big tech companies. Cathie Wood’s ARK Innovation…

‘Saturday Night Live’ reviews Russian disinformation in Ukraine with its Joe Biden

January 30, 2022 4:13 AM CNN

By Kelly McCleary, CNN “Saturday Night Live” kicked off its show this week with its President Joe Biden reviewing Russia’s efforts…

‘Saturday Night Live’ reviews Russian disinformation in Ukraine with its Joe Biden

January 30, 2022 4:13 AM CNN

By Kelly McCleary, CNN “Saturday Night Live” kicked off its show this week with its President Joe Biden reviewing Russia’s efforts…

Meet the superfans trying to save Tab

January 30, 2022 4:00 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business In October 2020, the moment Trish Priest had been dreading arrived: Tab, the decades-old diet drink, was…

‘Saturday Night Live’ reviews Russian disinformation in Ukraine with its Joe Biden

January 29, 2022 10:36 PM CNN Newsource

By Kelly McCleary, CNN “Saturday Night Live” kicked off its show this week with its President Joe Biden reviewing Russia’s efforts…

Meta pauses new users from joining analytics tool CrowdTangle

January 29, 2022 12:40 PM CNN Newsource

by Reuters Facebook’s parent company Meta Platforms Inc has paused new users from joining its social media tracking tool CrowdTangle due to…

Peloton die-hards are sticking with the flailing company

January 29, 2022 2:31 AM CNN Newsource

By Parija Kavilanz, CNN Business Just as its classes promise, Peloton itself has been getting quite a robust workout lately as it deals with a series…

Glossier lays off a third of its corporate staff

January 28, 2022 2:07 PM CNN Newsource

By Ramishah Maruf, CNN Business Buzzy beauty startup Glossier has laid off a third of its corporate staff, founder and CEO Emily Weiss said in an…

‘Significant’ risk of the US economy shrinking this quarter, BofA warns

January 28, 2022 12:41 PM CNN Newsource

By Matt Egan, CNN Business Bank of America slashed its first-quarter economic outlook for the United States on Friday because of disruptions caused…

Almost 5,000 US flights canceled this weekend as winter storm pummels East Coast

January 28, 2022 12:19 PM CNN

By Jordan Valinsky, CNN Business Airlines have canceled thousands of flights this weekend as a powerful winter storm packing strong winds and many…

Apple Music trolls Spotify by calling itself ‘the home of Neil Young’

January 28, 2022 11:41 AM CNN Newsource

By Samantha Murphy Kelly, CNN Business Just a day after Spotify agreed to remove Neil Young’s music from its service, Apple Music trolled its…

Apple Music trolls Spotify by calling itself ‘the home of Neil Young’

January 28, 2022 11:05 AM CNN

By Samantha Murphy Kelly, CNN Business Just a day after Spotify agreed to remove Neil Young’s music from its service, Apple Music trolled its…

Natural gas futures surge as powerful winter storm looms

January 28, 2022 11:01 AM CNN Newsource

By Matt Egan, CNN Business Natural gas futures are climbing sharply ahead of a blizzard that will force millions of Americans to crank up the heat.…

Natural gas futures surge as powerful winter storm looms

January 28, 2022 11:01 AM CNN

By Matt Egan, CNN Business Natural gas futures are climbing sharply ahead of a blizzard that will force millions of Americans to crank up the heat.…

Elon Musk is placing a bet on robots. It could be a long time coming

January 28, 2022 10:50 AM CNN Newsource

By Matt McFarland, CNN Business Tesla CEO Elon Musk said Wednesday that he believes the company’s goal of a humanoid robot is the most…

Remember the E-Trade baby? He’s coming back in a Super Bowl ad

January 28, 2022 10:31 AM CNN Newsource

By Paul R. La Monica, CNN Business The Super Bowl already has a winner: E-Trade. The online broker, now owned by Morgan Staney, is bringing back its…

Elon Musk just took the entire EV sector down with these comments

January 28, 2022 10:03 AM CNN Newsource

By Chris Isidore, CNN Business Six months ago, Elon Musk said he would stop attending investor conference calls unless there was “something…

The IRS website will soon require facial recognition to log in to your account

January 27, 2022 5:59 PM CNN Newsource

By Rachel Metz, CNN Business The next time you try to log in to the Internal Revenue Service’s website you’ll be urged to use…

Olympic sponsors paid big money for the Beijing Games. So where are all the ads?

January 27, 2022 10:00 PM CNN

Sponsors of the Olympics are walking a tightrope ahead of the Beijing Winter Games next month as worsening geopolitical tensions force them to…

Good news: Paychecks are going up. Bad news: So is inflation

January 28, 2022 7:10 AM CNN Newsource

By Anneken Tappe and Tami Luhby, CNN Business Americans’ paychecks continued to rise at the end of 2021. But along with that, so did prices.…

Good news: Paychecks are going up. Bad news: So is inflation

January 28, 2022 9:30 AM CNN

By Anneken Tappe and Tami Luhby, CNN Business Americans’ paychecks continued to rise at the end of 2021. But along with that, so did prices.…

The US is starting to make a manufacturing comeback. Here’s how to sustain it

January 28, 2022 8:57 AM CNN Newsource

Opinion by Brian Deese for CNN Business Perspectives The Covid-19 pandemic has laid bare the vulnerabilities in America’s domestic…

Almost 5,000 US flights canceled this weekend as winter storm pummels East Coast

January 28, 2022 8:35 AM CNN Newsource

By Jordan Valinsky, CNN Business Airlines have canceled thousands of flights this weekend as a powerful winter storm packing strong winds and many…

Consumer sentiment sinks on inflation and Omicron worries

January 28, 2022 8:29 AM CNN Newsource

By Anneken Tappe, CNN Business Worries over soaring prices and the Omicron variant of the coronavirus soured Americans’ views of the economy in…

Workers don’t know their schedules until the last minute. That’s a big problem

January 28, 2022 7:02 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Retail and restaurant work is notorious for irregular scheduling and last-minute changes — factors that can…

A key inflation measure rose at the fastest pace since 1982

January 28, 2022 6:32 AM CNN Newsource

By Anneken Tappe, CNN Business A key measure of inflation rose 5.8% between December 2020 and December 2021, the Bureau of Economic Analysis reported…

Gone too far? Tech earnings raise questions about market panic

January 28, 2022 6:20 AM CNN Newsource

By Julia Horowitz, CNN Business Investors in stocks have balked at the Federal Reserve’s aggressive pivot as it takes a stand against…

Child care workers are vanishing and it’s hurting the entire economy

January 28, 2022 6:18 AM CNN Newsource

By Alicia Wallace, CNN Business Since losing one-third of its workforce at the outset of the pandemic, the child care industry has seen a jobs…

A jump in factory fires is dangerous for the people who work there – and the supply chain

January 28, 2022 6:07 AM CNN Newsource

By Parija Kavilanz, CNN Business The unraveling of the global supply chain has been blamed on a multitude of factors — the pandemic, labor and raw…

Exclusive: Taco Bell favorite Mountain Dew Baja Blast is going boozy

January 28, 2022 6:01 AM CNN Newsource

By Jordan Valinsky, CNN Business Mountain Dew’s Baja Blast, the beloved tropical lime-flavored beverage that originated at Taco Bell, is being…

UniCredit was thinking of buying a Russian bank. Not any more

January 28, 2022 5:58 AM CNN Newsource

By Anna Cooban, CNN Business UniCredit has dropped a potential bid for a Russian state-owned bank because of the escalating crisis over Ukraine. CEO…

Tensions with Russia worry former US astronauts about the partnership in space

January 28, 2022 4:30 AM CNN Newsource

By Kristin Fisher, CNN The International Space Station has transcended terrestrial political troubles between the United States and Russia for more…

How last week’s 5G deployment went so wrong

January 28, 2022 4:30 AM CNN Newsource

By Brian Fung, CNN Business From canceled flights to dire warnings of a stalled shipping economy, this was not how the rollout of 5G networks was…

How last week’s 5G deployment went so wrong

January 28, 2022 4:30 AM CNN

By Brian Fung, CNN Business From canceled flights to dire warnings of a stalled shipping economy, this was not how the rollout of 5G networks was…

UK companies told to bolster defenses against Russian cyberattacks

January 28, 2022 4:10 AM CNN

By Charles Riley, CNN Business UK companies and organizations have been urged to bolster their defenses against potential Russian cyberattacks as…

UK companies told to bolster defenses against Russian cyberattacks

January 28, 2022 4:10 AM CNN Newsource

By Charles Riley, CNN Business UK companies and organizations have been urged to bolster their defenses against potential Russian cyberattacks as…

Google is investing another $1 billion in India’s smartphone market

January 28, 2022 2:33 AM CNN Newsource

By Diksha Madhok, CNN Business Google is investing up to $1 billion in a major Indian telecom company, a move it hopes will drive down the cost of…

After more than 600 days shut out, Delhi’s students just want to go back to school

January 28, 2022 2:05 AM CNN

By Rhea Mogul and Vedika Sud, CNN Dharini Mathur’s son had just turned 4 when he started pre-school online. More than 600 days later, he still…

Olympic sponsors paid big money for the Beijing Games. So where are all the ads?

January 27, 2022 10:00 PM CNN Newsource

By Michelle Toh and Selina Wang, CNN Business Sponsors of the Olympics are walking a tightrope ahead of the Beijing Winter Games next month as…

Telecom regulator blocks China Unicom from US market

January 27, 2022 8:56 PM CNN Newsource

By Brian Fung and Laura He, CNN Business The Federal Communications Commission on Thursday voted to ban China Unicom, a state-owned Chinese…

Local TV journalists voice concerns about one-man-band reporting

January 27, 2022 8:38 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…

After more than 600 days shut out, Delhi’s students just want to go back to school

January 27, 2022 6:27 PM CNN Newsource

By Rhea Mogul and Vedika Sud, CNN Dharini Mathur’s son had just turned 4 when he started pre-school online. More than 600 days later, he still…

Apple posted record holiday quarter sales despite supply constraints

January 27, 2022 3:57 PM CNN Newsource

By Samantha Murphy Kelly, CNN Business Apple posted record revenue during the all-important holiday quarter even as it continued to grapple with…

Gold is shining again as stocks wobble and cryptos melt down

January 27, 2022 12:31 PM CNN Newsource

By Paul R. La Monica, CNN Business Stocks have slumped this year. So has bitcoin. But gold, by comparison, has had a fairly solid start to the year.…

Gold is shining again as stocks wobble and cryptos melt down

January 27, 2022 11:55 AM CNN

By Paul R. La Monica, CNN Business Stocks have slumped this year. So has bitcoin. But gold, by comparison, has had a fairly solid start to the year.…

Rate hikes are coming: What does that mean for you?

January 27, 2022 11:02 AM CNN Newsource

By Matt Egan, CNN Business The Covid era of free money is coming to an end. After dropping interest rates to zero in March 2020 to revive the…

McDonald’s sales haven’t been this good since Bill Clinton was president

January 27, 2022 6:26 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business Higher prices and chicken sandwiches are helping boost McDonald’s sales. But earnings disappointed…

This year’s Super Bowl tickets are the most expensive ever

January 27, 2022 6:05 AM CNN

By Chris Isidore, CNN Business Put America’s most popular sporting event in its second-largest metropolitan area. Put the stadium’s home…

Pizza Hut is selling its spiciest pizza ever

January 26, 2022 10:02 PM CNN Newsource

By Jordan Valinsky, CNN Business Pizza Hut is hopping on the spicy food trend. Beginning Thursday, it’s rolling out the “Spicy…

Inflation? Omicron? Americans shopped right through it all

January 27, 2022 10:28 AM CNN Newsource

By Allison Morrow, CNN Business Editor’s Note: This story is part of CNN Business’ Nightcap newsletter. To get it in your inbox, sign up…

What the stock market will never get about rate hikes

January 27, 2022 10:23 AM CNN Newsource

By Paul R. La Monica, CNN Business The Federal Reserve may have a playbook for how it plans to tackle inflation and keep the economy humming along.…

Stock rally peters out again

January 27, 2022 9:36 AM CNN Newsource

By Anneken Tappe, CNN Business Thursday’s stock market rally didn’t last long. The major indexes gave back sharp gains from earlier in…

Warren Buffett is having the last laugh

January 27, 2022 9:36 AM CNN

By Paul R. La Monica, CNN Business It’s been a tough start to the year for investors in big tech companies. Cathie Wood’s ARK Innovation…

These companies decided to go fully remote — permanently

January 27, 2022 9:35 AM CNN Newsource

Kathryn Vasel, CNN Business As the pandemic heads into yet another year, companies are still grappling with uncertainty in the workplace. Many have…

‘Significant’ risk of the US economy shrinking this quarter, BofA warns

January 27, 2022 7:21 AM CNN

By Matt Egan, CNN Business Bank of America slashed its first-quarter economic outlook for the United States on Friday because of disruptions caused…

The government has a talent problem. This bill could help change that

January 27, 2022 6:53 AM CNN Newsource

Opinion by Gerry Connolly for CNN Business Perspectives Our workforce is the lifeblood of the US federal government. Without individuals committed to…

Microsoft makes a big bet that it can fix Activision Blizzard’s troubled culture

January 27, 2022 6:49 AM CNN Newsource

By Sara Ashley O’Brien, CNN Business Microsoft’s nearly $70 billion deal to buy Activision Blizzard could make it a leader in gaming. But…

The economy boomed in Biden’s first year. His second will be harder

January 27, 2022 6:32 AM CNN Newsource

By Anneken Tappe, CNN Business The US economic recovery from the depths of the Covid pandemic continued through the end of last year. But the strong…

Forget Zoom school. For some students, class is in session in VR

January 27, 2022 6:21 AM CNN Newsource

By Rachel Metz, CNN Business Jeremy Bailenson has studied virtual reality for decades. But it wasn’t until last year that the Stanford…

The investors who aren’t panicking

January 27, 2022 6:07 AM CNN Newsource

By Julia Horowitz, CNN Business The stock market has been jolted by indications the Federal Reserve will move to aggressively raise interest rates to…

Bud Light’s first-ever zero-carb beer hits shelves next week

January 27, 2022 6:05 AM CNN Newsource

By Jordan Valinsky and John General, CNN Bud Light Next, the first zero-carb beer from Anheuser-Busch, is hitting shelves next week. The new beer…

Southwest returns to profitability

January 27, 2022 5:18 AM CNN Newsource

By Chris Isidore, CNN Business Southwest Airlines reported its first quarterly operating profit since the start of the pandemic. Still, when…

Apple is back on top in smartphone sales worldwide after a record win in China

January 27, 2022 1:35 AM CNN Newsource

By Michelle Toh, CNN Business Apple has once again become the top-selling smartphone brand in top market China, along with the rest of the world.…

Global markets retreat after Fed signals rate hikes are coming soon

January 26, 2022 9:54 PM CNN Newsource

By Laura He, CNN Business Global stock markets dropped Thursday after the US Federal Reserve signaled it that will move quickly to hike interest…

Anxiety and anger grip press corps in Mexico after spate of murders

January 26, 2022 9:19 PM CNN Newsource

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

Amazon faces possible union election at New York warehouse

January 26, 2022 5:38 PM CNN Newsource

By Sara Ashley O’Brien, CNN Business Workers at an Amazon warehouse in Staten Island have shown enough support to hold a union election, the…

Gates Foundation adds board members following Bill and Melinda’s divorce

January 26, 2022 3:23 PM CNN Newsource

By Jennifer Korn, CNN Business The Bill and Melinda Gates Foundation named four new members to its board of trustees on Wednesday, marking the first…

Rents rose five times faster in 2021 than 2020

January 26, 2022 3:01 PM CNN Newsource

By Anna Bahney, CNN Business Rents are continuing to rise across the US. The cost of rent, on average, was 10.1% higher in 2021 than in 2020, growing…

Tesla reports record profit, but warns of continued supply chain issues

January 26, 2022 2:26 PM CNN Newsource

By Chris Isidore, CNN Business Tesla shook off supply chain issues to more than triple earnings from year-ago results, easily topping Wall…

Rate hikes are coming: What does that mean for you?

January 26, 2022 2:00 PM CNN

By Matt Egan, CNN Business The Covid era of free money is coming to an end. After dropping interest rates to zero in March 2020 to revive the…

Double-decker highways are back. But they’re not going to solve traffic jams

January 26, 2022 1:17 PM CNN Newsource

By Matt McFarland, CNN Business Frederica Wilson, the US Congresswoman representing much of Miami, says she must leave home by 6:30 a.m. to beat…

The Fed is getting ready to raise interest rates

January 26, 2022 12:22 PM CNN Newsource

By Anneken Tappe, CNN Business The Federal Reserve is getting ready to raise interest rates, the central bank said in its monetary policy update…

Climate change is coming for our coffee

January 26, 2022 12:07 PM CNN Newsource

By Danielle Wiener-Bronner, CNN Business Bad news for coffee lovers: Climate change will make it much harder to grow Arabica coffee in the coming…

Million-dollar Idaho lottery prize still unclaimed

January 26, 2022 11:48 AM News Team

Winners of this year’s Idaho Raffle have yet to cash-in on their…

Surging food prices are hurting those who can least afford it. This is what needs to happen

January 26, 2022 10:32 AM CNN Newsource

Prices are rising for nearly everything, biting into everyone’s…

McDonald’s is selling fan-made menu hacks

January 26, 2022 7:00 AM CNN Newsource

By Jordan Valinsky, CNN Business McDonald’s fans have long been creating menu hacks like using hash browns as a bun. Now the chain is putting…

Wordle-spoiling bot taken down by Twitter

January 26, 2022 7:36 AM CNN Newsource

By Jordan Valinsky, CNN Business Twitter has suspended an annoying bot that automatically responded with the next day’s solution when people…

Disney Princess toys and Frozen characters are coming back to Mattel

January 26, 2022 8:38 AM CNN Newsource

By Paul R. La Monica, CNN Business It’s a magical world again for Mattel. The toy company won back the rights to make dolls based on…

The pandemic has been great for electric car sales

January 26, 2022 9:07 AM CNN Newsource

By Anna Cooban, CNN Business Electric vehicles grabbed a much bigger share of the global car market last year as sales more than doubled despite…

What is SWIFT and why it might be the weapon Russia fears most

January 26, 2022 9:43 AM CNN

By Charles Riley, CNN Business Some are calling it the “nuclear option.” As Western governments threaten Russia with a package of…