Electric car startups want to avoid same fate as Britain’s 1890s bike bubble
By Matt McFarland, CNN Business Amazon and Ford reported this week they lost a combined $12.3 billion in the last three months due to their…
Continue ReadingMoney
Nasdaq wraps its worst month in nearly 14 years as recession fears grow stronger
By Nicole Goodkind, CNN Business US stocks plunged on Friday, with the Nasdaq marking its worst month since October 2008 and the S&P notching…
Continue Reading Inflation spurs record decline in workers’ wages and benefits
By Tami Luhby, CNN Skyrocketing inflation is robbing Americans of their raises. Total compensation costs for civilian workers declined 3.7% over the…
Continue Reading Putin keeps the ruble surging as Russia makes 11th-hour effort to avoid default
By David Goldman, CNN Business Russian President Vladimir Putin’s efforts to support the ruble continue to pay off — and then some.…
Continue Reading Putin keeps the ruble surging as Russia makes 11th-hour effort to avoid default
By David Goldman, CNN Business Russian President Vladimir Putin’s efforts to support the ruble continue to pay off — and then some.…
Continue Reading Amazon Labor Union’s Chris Smalls faces off against Sen. Graham on workers
By Brian Fung, CNN The president of the Amazon Labor Union warned Sen. Lindsey Graham on Thursday that he risks ignoring the concerns of workers at…
Continue Reading Private astronaut just back from space station describes interactions with Russian cosmonauts
By Kristin Fisher It didn’t take long for the crew of the first all-private mission to the International Space Station to experience the unique…
Continue Reading Apple employees demand more flexibility from company as three-day office return looms
By Sara Ashley O’Brien, CNN Business Some Apple employees are pushing back on the tech giant’s return to office pilot program, which will…
Continue Reading How to get a reference when you’re new to the job market
By Kathryn Vasel, CNN Business You’ve made it through the interviews and now a potential employer is asking for references. But if you’re…
Continue Reading The Fed’s favorite inflation measure hit a fresh 40-year high
By Anneken Tappe, CNN Business Americans had to reach deeper into their pockets in March, as yet another key inflation index showed prices hit a…
Continue Reading Warren Buffett fans have plenty to cheer this weekend
By Paul R. La Monica and Nicole Goodkind, CNN Business Berkshire Hathaway investors are set to descend on Omaha, Nebraska, for the company’s…
Continue Reading China may be getting ready to wind down its crackdown on big tech
By Diksha Madhok, CNN Business Shares of Chinese tech companies soared on Friday after Beijing signaled that it may throw the beleagured industry a…
Continue Reading China may be getting ready to wind down its crackdown on big tech
By Diksha Madhok, CNN Business Shares of Chinese tech companies soared on Friday after Beijing signaled that it may throw the beleagured industry a…
Continue Reading Private astronaut just back from space station describes interactions with Russian cosmonauts
By Kristin Fisher It didn’t take long for the crew of the first all-private mission to the International Space Station to experience the unique…
Continue Reading ExxonMobil took a $3.4 billion hit for exiting Russia. Its profit still soared
By Chris Isidore, CNN Business ExxonMobil took at $3.4 billion charge for exiting its business in Russia in the first quarter, but it still posted…
Continue Reading Much of Europe is facing stagflation. France is already there
By Mark Thompson, CNN Business The European economy slowed in the first three months of the year due to a combination of soaring inflation and early…
Continue Reading Apple loses top spot in China as smartphone sales slump
By Laura He, CNN Business Just three months ago, Apple became the top-selling smartphone brand in China for the first time in six years. Now…
Continue Reading Apple loses top spot in China as smartphone sales slump
By Laura He, CNN Business Just three months ago, Apple became the top-selling smartphone brand in China for the first time in six years. Now…
Continue Reading Elon Musk sells $8.5 billion worth of Tesla shares
By Chris Isidore, CNN Business Tesla CEO Elon Musk sold $8.5 billion of the electric automaker’s stock in the three days after the Twitter…
Continue Reading Elon Musk sells $8.5 billion worth of Tesla shares
By Chris Isidore, CNN Business Tesla CEO Elon Musk sold $8.5 billion of the electric automaker’s stock in the three days after the Twitter…
Continue Reading Airbnb says staffers can work remotely forever, if they want
By Sara Ashley O’Brien, CNN Business Airbnb won’t require most staffers to return to the office — ever. The company told employees…
Continue Reading Apple warns of serious supply headwinds in China
By Samantha Murphy Kelly, CNN Business Apple topped Wall Street’s estimates in its latest quarter and reported one of the strongest three-month…
Continue Reading China’s Weibo shows user locations to combat ‘bad behavior’
By Reuters Weibo, China’s equivalent of Twitter, told users on Thursday it would start to publish their IP locations on their account pages and…
Continue Reading Mark Zuckerberg got $11 billion richer today
By Allison Morrow, CNN Business Nearly two months after losing his spot among the world’s 10 richest rich people, Mark Zuckerberg is clawing…
Continue Reading Amazon stock plunges as growth slows
By Rishi Iyengar, CNN Business Amazon’s stock plummeted after the company reported on Thursday slowing growth and higher costs in its latest…
Continue Reading Amazon ends its paid Covid-19 sick leave policy
By Catherine Thorbecke, CNN Business Amazon is ending its Covid-19 paid sick leave policy starting on Monday, the company said in a memo to employees…
Continue Reading Recession fears are mounting. Here’s how to protect your money
By Jeanne Sahadi, CNN Business Warnings of a potential recession aren’t surprising given how many tripwires there are in today’s economy.…
Continue Reading Defense companies aren’t getting a boost from Russia’s war with Ukraine
By Nicole Goodkind, CNN Business When war breaks out, defense companies tend to make money. That means aerospace and defense stocks can serve as safe…
Continue Reading Defense companies aren’t getting a boost from Russia’s war with Ukraine
By Nicole Goodkind, CNN Business When war breaks out, defense companies tend to make money. That means aerospace and defense stocks can serve as safe…
Continue Reading Elon Musk says fees for some users may be coming to Twitter
Catherine Thorbecke, CNN Business Elon Musk said Twitter might soon charge fees for certain users, as the billionaire continues to tease how he might…
Continue Reading Elon Musk raises an additional $7 billion in financing for Twitter deal
By Clare Duffy, CNN Business Elon Musk has raised just over $7 billion in additional equity financing to help fund his purchase of Twitter. The new…
Continue Reading Elon Musk wants to ‘authenticate all real humans’ on Twitter. Here’s what that could mean
By Brian Fung, CNN As the public combs through Elon Musk’s Twitter feed for clues on how the billionaire entrepreneur intends to run the social…
Continue Reading Investing ethically won’t buy protection in this market
By Julia Horowitz, CNN Business As the economy began bouncing back from the coronavirus pandemic, interest in investment products that promoted good…
Continue Reading The US economy contracted. Don’t panic
By Matt Egan, CNN Business The economic recovery from Covid-19 stumbled in the first quarter, but that doesn’t mean a recession is imminent.…
Continue Reading Homes got even pricier and harder to afford in most US cities
By Anna Bahney, CNN Business Home prices rose by double-digit percentages in most major US cities at the beginning of this year. Of 185 metro areas…
Continue Reading Teladoc stock plunges as the stay-at-home economy fizzles
By Paul R. La Monica, CNN Business The huge pandemic boom for virtual health company Teladoc appears to be over. More people are willing to leave…
Continue Reading US and over 55 other countries commit to democratic internet governance
By Brian Fung, CNN More than 55 countries and the United States announced their commitment Thursday to defending a free and open internet, agreeing…
Continue Reading China’s Weibo shows user locations to combat ‘bad behavior’
By Reuters Weibo, China’s equivalent of Twitter, told users on Thursday it would start to publish their IP locations on their account pages and…
Continue Reading China’s Weibo shows user locations to combat ‘bad behavior’
By Reuters Weibo, China’s equivalent of Twitter, told users on Thursday it would start to publish their IP locations on their account pages and…
Continue Reading Samsung profits soar 50% on chip sales
By Michelle Toh, CNN Business Samsung reported strong results on Thursday, with profits for the first quarter climbing more than 50% compared to the…
Continue Reading The Fed’s favorite inflation measure hit a fresh 40-year high
By Anneken Tappe, CNN Business Americans had to reach deeper into their pockets in March, as yet another key inflation index showed prices hit a…
Continue Reading Europe has bought $46 billion worth of Russian energy since the Ukraine war began
By Jack Guy, CNN Russian revenues from fossil fuel exports to the European Union soared during the first two months of the Ukraine invasion, despite…
Continue Reading Mortgage rates fall slightly, but still hover above 5%
By Anna Bahney, CNN Business Mortgage rates took a breather last week, dropping slightly after seven consecutive weeks of increases. The 30-year…
Continue Reading Russian gas customers in Europe may accept Putin’s payment terms
By Anna Cooban, CNN Business Some of Russia’s biggest natural gas customers in Europe’s are preparing to accept the Kremlin’s new…
Continue Reading Soaring costs and shortages push German industry to the brink
By Anna Cooban and Inke Kappeler, CNN Business Siempelkamp Giesserei has seen its fair share of crises in its 99 years. But pandemic shutdowns,…
Continue Reading Southwest is set to return to profitability
By Chris Isidore, CNN Business Southwest Airlines posted a first-quarter loss, but the company said that will be the last time it loses money for…
Continue Reading Meta earnings and the metric Wall Street is obsessing over
By Julia Horowitz, CNN Business Every quarter, investors on Wall Street parse earnings for intel on how much money a company brings in and the size…
Continue Reading The US economy shrank in the first quarter
By Anneken Tappe, CNN Business America’s economy unexpectedly shrank in the first quarter of 2022, data from the Bureau of Economic Analysis…
Continue Reading People in Beijing can now book a taxi with no one at the wheel
By Michelle Toh, CNN Business For the first time in China, people will be able to get a taxi ride without anyone behind the wheel. Baidu and…
Continue Reading Ford just reported a $3.1 billion loss. Blame Rivian
By Chris Isidore, CNN Business In the days after its November IPO, electric truck maker Rivian was briefly one of the world’s most valuable…
Continue Reading Meta stock jumps nearly 20% despite mixed results
By Clare Duffy, CNN Business Meta’s first earnings of 2022 may have largely fallen short of expectations, but that hasn’t really dampened…
Continue Reading Major tech antitrust bill gets backing of US Commerce Department
By Brian Fung, CNN Business The Commerce Department backed a key legislative proposal aimed at forcing tech giants such as Facebook and Google to…
Continue Reading Major tech antitrust bill gets backing of US Commerce Department
By Brian Fung, CNN Business The Commerce Department backed a key legislative proposal aimed at forcing tech giants such as Facebook and Google to…
Continue Reading Higher food and energy prices could last ‘for years,’ World Bank warns
By Matt Egan, CNN Business Russia’s invasion of Ukraine has contributed to an historic shock to commodity markets that will keep global prices…
Continue Reading Apple will now sell you parts to fix your own iPhone
By Catherine Thorbecke, CNN Business Apple has officially opened its self service repair store, which provides manuals and parts for users seeking…
Continue Reading Joe Rogan caused some artists to leave Spotify. But not paying customers
By Frank Pallotta, CNN Business Earlier this year, Spotify found itself embroiled in a controversy sparked by one of its most notable podcast hosts,…
Continue Reading Venmo owner PayPal is one of the worst stocks of 2022
By Paul R. La Monica, CNN Business Sending money to pay for things via Venmo may be all the rage among smartphone-addicted millennials and Gen Zers.…
Continue Reading SpaceX on pace to shatter US launch records. Again
By Jackie Wattles, CNN Business SpaceX has been on a tear in 2022, notching 18 rocket launches and two astronaut splashdowns in just the first 130…
Continue Reading Millennials are ahead of their parents in retirement savings
By Nicole Goodkind, CNN Business Maybe that avocado toast isn’t so bad, after all. Millennials are way ahead of Baby Boomers when it comes to…
Continue Reading Walmart is giving some customers 10 cents off every gallon of gas
By Jordan Valinsky, CNN Business Members of Walmart’s discount program will get a bit of relief at the gas pump. Beginning Wednesday, Walmart+…
Continue Reading Why lab-grown diamond sales are surging
By Parija Kavilanz, CNN Business It’s proposal season, and engagements are on the rise. So are factory-made diamond sales. Not that you’d…
Continue Reading Why tech stocks are bleeding right now
By Julia Horowitz, CNN Business The tech-heavy Nasdaq Composite was a huge beneficiary of the stock market’s epic recovery from the pandemic.…
Continue Reading 7 things you’re wasting money on
By Beth Braverman With inflation pushing the price of just about everything higher, it’s more important than ever to keep track of how…
Continue Reading Investment firm head arrested on charges of multibillion-dollar fraud and racketeering
By Matt Egan, Kara Scannell and Mark Morales, CNN Federal agents arrested Archegos Capital Management founder Sung Kook “Bill” Hwang on…
Continue Reading Los Angeles sheriff appears to back down after signaling he was investigating reporter
By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
Continue Reading Boeing delays its newest jet as losses soar
By Chris Isidore, CNN Business The bad news keeps piling up for Boeing. The company is delaying the debut of its newest passenger jet to 2025, and it…
Continue Reading Sorry, crypto fans. Gold is still the real hedge in times of uncertainty
By Paul R. La Monica, CNN Business It looks like bitcoin and other cryptocurrencies may not be digital gold after all. Bitcoin prices are down more…
Continue Reading Chinese drone maker DJI halts business in Russia and Ukraine
By Michelle Toh, CNN Business DJI, the world’s top drone maker, will temporarily stop doing business in Russia and Ukraine. The move marks a…
Continue Reading Chinese drone maker DJI halts business in Russia and Ukraine
By Michelle Toh, CNN Business DJI, the world’s top drone maker, will temporarily stop doing business in Russia and Ukraine. The move marks a…
Continue Reading China’s Xi calls for ‘all-out’ infrastructure splurge to rescue economy
By Laura He, CNN Business China is about to embark on a new infrastructure spending spree in a bid to fix an economy nearing breaking point because…
Continue Reading SpaceX mission arrives at ISS with first Black woman to join space station crew
By Jackie Wattles, CNN Business A SpaceX capsule carrying four astronauts — including the first Black woman to join the International Space Station…
Continue Reading
Comparing states with the highest and lowest personal debt and income levels
Experian used data from their consumer credit database and the Bureau of Economic Analysis to compare income levels with the amount of debt…
Continue Reading The big winner in Elon Musk’s Twitter deal
By Paul R. La Monica, CNN Business Even the world’s richest person needs financial advice. That’s great news for Morgan Stanley, the…
Continue Reading Los Angeles sheriff appears to back down after signaling he was investigating reporter
By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
Continue Reading Los Angeles sheriff appears to back down after signaling he was investigating reporter
By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
Continue Reading Up to a quarter million Ford Explorers recalled for rollaway risk
By Ramishah Maruf, CNN Up to a quarter million Ford Explorers are being recalled due to a mechanical problem that can cause the SUV to roll away…
Continue Reading Robinhood shares plummet as company announces layoffs
By Nicole Goodkind, CNN Business Robinhood CEO Vlad Tenev announced Tuesday afternoon that the online trading platform will lay off 9% of its…
Continue Reading Russia shuts off gas supplies to Poland and Bulgaria
By Sugam Pokharel and Mark Thompson, CNN Business Russia has cut off natural gas supplies to Poland and Bulgaria, dramatically escalating its…
Continue Reading Ford F-150 Lightning electric pickup begins crucial product launch
By Chris Isidore, CNN Business The first all-electric Ford F-150 Lightning rolled off the assembly line in Detroit on Tuesday, with a great deal…
Continue Reading Senate confirms Lael Brainard as Federal Reserve vice chair
By Matt Egan, CNN Business The Senate voted on Tuesday to confirm Lael Brainard as the Federal Reserve’s vice chair, approving a key Biden…
Continue Reading Has inflation reached a peak? Three signs that prices could soon come down
By Nicole Goodkind, CNN Business Inflation is at a 40-year high, and Americans are feeling it. A gallon of gas costs about double what it cost in…
Continue Reading SpaceX to launch another historic astronaut mission tomorrow
By Jackie Wattles, CNN Business SpaceX’s Falcon 9 rocket and Crew Dragon spacecraft are headed back to the launch pad, kicking off the second…
Continue Reading Dow falls 800 points on recession fears
By Nicole Goodkind, CNN Business US markets plunged on Tuesday. The Dow fell 810 points, or 2.4%, as an April sell-off spurred by fears of an…
Continue Reading Fidelity will soon offer bitcoin as an option in 401(k)s
By Jeanne Sahadi, CNN Business Fidelity Investments announced Tuesday that it will offer bitcoin as an investment option in its 401(k) plans by the…
Continue Reading Fidelity will soon offer bitcoin as an option in 401(k)s
By Jeanne Sahadi, CNN Business Fidelity Investments announced Tuesday that it will offer bitcoin as an investment option in its 401(k) plans by the…
Continue Reading Former New York Post digital chief settles explosive lawsuit with the tabloid
By Oliver Darcy, CNN Business The New York Post and Michelle Gotthelf, the former editor in chief of the tabloid’s digital operation, announced…
Continue Reading Here’s how the Senate could change your 401(k) plan
By Nicole Goodkind, CNN Business The US Senate has retirement on the brain, and it’s not because the average age of the legislative body is 64.…
Continue Reading US home prices rose by nearly 20% year-over-year in February
By Anna Bahney, CNN Business US home prices continued to surge higher in February. Prices rose 19.8% year-over-year in February, an even higher rate…
Continue Reading A major recession is coming, Deutsche Bank warns
By Matt Egan, CNN Business Deutsche Bank raised eyebrows earlier this month by becoming the first major bank to forecast a US recession, albeit a…
Continue Reading The big winner in Elon Musk’s Twitter deal
By Paul R. La Monica, CNN Business Even the world’s richest person needs financial advice. That’s great news for Morgan Stanley, the…
Continue Reading David Zaslav takes on Netflix in his first earnings call for Warner Bros. Discovery
By Brian Stelter, CNN Business As Netflix licks its wounds and investors worry about big streaming bets, David Zaslav is positioning Warner Bros.…
Continue Reading Palm oil is in half your groceries. Here’s why prices might shoot up
By Michelle Toh, CNN Business Indonesia will start restricting exports of palm oil this week, a move that could make the global food crisis worse and…
Continue Reading Palm oil is in half your groceries. Here’s why prices might shoot up
By Michelle Toh, CNN Business Indonesia will start restricting exports of palm oil this week, a move that could make the global food crisis worse and…
Continue Reading Opinion: Millions more Americans will go hungry if Congress doesn’t act soon
Opinion by Levar Stoney and John Giles for CNN Business Perspectives Families across America are precariously perched on the edge of a hunger cliff.…
Continue Reading Much of Elon Musk’s Twitter deal is still a mystery
By Julia Horowitz, CNN Business The world’s richest man wasn’t convinced he’d be successful in his bid to buy Twitter, one of the…
Continue Reading Much of Elon Musk’s Twitter deal is still a mystery
By Julia Horowitz, CNN Business The world’s richest man wasn’t convinced he’d be successful in his bid to buy Twitter, one of the…
Continue Reading Covid lockdowns batter Chinese stock markets and the yuan
By Laura He, CNN Business Chinese stocks slumped deeper into a bear market Tuesday and the yuan traded near a 17-month low as investors grow…
Continue Reading China’s Xi calls for ‘all-out’ infrastructure splurge to rescue economy
By Laura He, CNN Business China is about to embark on a new infrastructure spending spree in a bid to fix an economy nearing breaking point because…
Continue Reading Twitter has been focused on ‘healthy conversations.’ Elon Musk could change that
By Sara Ashley O’Brien and Clare Duffy, CNN Business Four years ago, Twitter cofounder and then-CEO Jack Dorsey laid out four key focus areas…
Continue Reading
Elon Musk wants to make Twitter a haven for free speech. That’s raising alarms
By Sara Ashley O’Brien and Clare Duffy, CNN Business Four years ago, Twitter cofounder and then-CEO Jack Dorsey laid out four key focus areas…
Continue Reading