Money Archives

GM unveils electric Chevrolet Silverado with 400 miles of range

January 5, 2022 10:29 AM CNN Newsource

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

Walmart doubles down on delivering groceries straight into your fridge

January 5, 2022 10:22 AM CNN Newsource

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

Two more major financial companies urge workers to stay at home

January 5, 2022 9:34 AM CNN Newsource

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

US becomes world’s top exporter of liquified natural gas

January 5, 2022 8:56 AM CNN Newsource

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

This key jobs report for December just dwarfed expectations

January 5, 2022 6:23 AM CNN Newsource

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

Sony is gearing up to make an electric car

January 5, 2022 6:07 AM CNN

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

Sony is gearing up to make an electric car

January 5, 2022 6:07 AM CNN Newsource

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

Wall Street is learning to live with big risks

January 5, 2022 5:55 AM CNN Newsource

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

Here’s who to blame for airlines’ cancellation chaos

January 5, 2022 4:42 AM CNN Newsource

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

China Mobile holds massive Chinese listing after leaving Wall Street

January 5, 2022 12:27 AM CNN Newsource

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

Walmart doubles down on delivering groceries straight into your fridge

January 4, 2022 10:41 PM CNN

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

Walmart doubles down on delivering groceries straight into your fridge

January 4, 2022 10:41 PM CNN Newsource

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

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

January 4, 2022 10:02 PM CNN Newsource

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

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

January 4, 2022 8:41 PM CNN

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

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

January 4, 2022 8:41 PM CNN Newsource

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

Elizabeth Holmes sentencing hearing set for September 26

January 4, 2022 5:13 PM CNN

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

What’s next for Elizabeth Holmes?

January 4, 2022 4:28 PM CNN Newsource

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

Port of Los Angeles traffic sets record in 2021

January 4, 2022 4:00 PM CNN Newsource

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

COVID-19 rapid test prices are going up

January 4, 2022 4:14 PM CNN Newsource

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

Charlie Munger must really, really like China’s Alibaba

January 4, 2022 3:17 PM CNN Newsource

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

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

January 4, 2022 3:05 PM CNN Newsource

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

Covid rapid test prices are going up

January 4, 2022 2:42 PM CNN Newsource

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

Covid rapid test prices are going up

January 4, 2022 2:42 PM CNN

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

Two more major financial companies urge workers to stay at home

January 4, 2022 1:48 PM CNN

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

Fanatics buying Topps trading card business for $500 million

January 4, 2022 12:48 PM CNN Newsource

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

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

January 4, 2022 12:06 PM CNN Newsource

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

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

January 4, 2022 11:04 AM CNN Newsource

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

The stock market sure is acting strangely

January 4, 2022 10:44 AM CNN Newsource

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

3 key takeaways from the Elizabeth Holmes verdict

January 4, 2022 10:39 AM CNN

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

3 key takeaways from the Elizabeth Holmes verdict

January 4, 2022 10:39 AM CNN Newsource

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

Classic BlackBerry phones stop working today

January 4, 2022 8:16 AM CNN Newsource

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

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

January 4, 2022 10:23 AM CNN Newsource

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

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

January 4, 2022 7:53 AM CNN Newsource

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

A record 4.5 million Americans quit their jobs in November

January 4, 2022 8:22 AM CNN Newsource

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

Crystal Pepsi is back

January 4, 2022 10:00 AM CNN Newsource

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

A record 4.5 million Americans quit their jobs in November

January 4, 2022 9:34 AM CNN

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

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

January 4, 2022 8:51 AM CNN Newsource

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

Classic BlackBerry phones stop working today

January 4, 2022 8:16 AM CNN

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

Apple’s warp-speed journey to $3 trillion

January 4, 2022 6:28 AM CNN Newsource

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

The rise and fall of Elizabeth Holmes: A timeline

January 4, 2022 6:25 AM CNN Newsource

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

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

January 4, 2022 4:26 AM CNN Newsource

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

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

January 4, 2022 2:27 AM CNN Newsource

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

Evergrande has been ordered to demolish 39 buildings in Chinese resort

January 4, 2022 1:29 AM CNN Newsource

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

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

January 3, 2022 10:15 PM CNN Newsource

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

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

January 3, 2022 10:15 PM CNN

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

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

January 3, 2022 9:18 PM CNN Newsource

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

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

January 3, 2022 8:03 PM CNN

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

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

January 3, 2022 8:03 PM CNN Newsource

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

The key moments from Elizabeth Holmes’ trial

January 3, 2022 7:45 PM CNN Newsource

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

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

January 3, 2022 7:34 PM CNN Newsource

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

Elizabeth Holmes found guilty on four out of 11 federal charges

January 3, 2022 5:59 PM CNN Newsource

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

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

January 3, 2022 5:53 PM CNN

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

Big banks are booming. Now here come earnings

January 3, 2022 3:03 PM CNN

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

Apple’s warp-speed journey to $3 trillion

January 3, 2022 2:57 PM CNN

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

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

January 3, 2022 2:14 PM CNN Newsource

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

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

January 3, 2022 2:14 PM CNN

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

Stocks kicked 2022 off at record highs

January 3, 2022 2:04 PM CNN Newsource

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

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

January 3, 2022 12:56 PM CNN Newsource

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

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

January 3, 2022 12:53 PM CNN Newsource

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

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

January 3, 2022 12:50 PM CNN

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

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

January 3, 2022 12:14 PM CNN Newsource

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

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

January 3, 2022 11:54 AM CNN Newsource

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

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

January 3, 2022 11:30 AM CNN Newsource

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

Wall Street is getting greedy again

January 3, 2022 10:49 AM CNN Newsource

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

5 ways to nail a financial negotiation

January 3, 2022 10:45 AM CNN Newsource

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

Starbucks unveils its new employee vaccine policy

January 3, 2022 10:43 AM CNN Newsource

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

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

January 3, 2022 10:55 AM CNN Newsource

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

Goldman Sachs tells employees to stay home due to Covid

January 3, 2022 9:53 AM CNN

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

We can’t afford to let Build Back Better fail

January 3, 2022 8:31 AM CNN Newsource

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

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

January 3, 2022 8:04 AM CNN Newsource

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

Sweetgreen is selling a salad subscription

January 3, 2022 8:03 AM CNN Newsource

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

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

January 3, 2022 7:57 AM CNN Newsource

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

Disney needs a comeback year. Will it get it?

January 3, 2022 6:43 AM CNN Newsource

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

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

January 3, 2022 6:38 AM CNN Newsource

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

Wired’s top editor: Metaverse ‘feels like a terminological land grab’

January 3, 2022 6:30 AM CNN Newsource

By Kerry Flynn, CNN Business The word “metaverse” is popping up everywhere. Facebook recently changed its name to Meta Platforms. Nike…

Turkey’s inflation soars to 36%, setting a new record for Erdogan era

January 3, 2022 5:01 AM CNN Newsource

By Gul Tuysuz, CNN Turkey’s annual rate of inflation has hit a 19-year high as a currency collapse sends the cost of imports soaring. According…

India is investigating a fake website that offered Muslim women for sale

January 3, 2022 3:42 AM CNN Newsource

By Diksha Madhok, CNN Business The Indian government says it is investigating a website that purported to offer Muslim women for sale, the second…

Evergrande suspends trading of shares in Hong Kong

January 2, 2022 10:16 PM CNN Newsource

By Diksha Madhok, CNN Business Embattled Chinese property developer Evergrande suspended trading in Hong Kong on Monday as the heavily indebted…

What chip shortage? Tesla posts record fourth quarter and full year sales

January 2, 2022 3:05 PM CNN

By Chris Isidore, CNN Business Tesla bucked the industry-wide trend of reduced sales due to the shortage of computer chips and other parts, posting…

What chip shortage? Tesla posts record fourth quarter and full year sales

January 2, 2022 1:48 PM CNN Newsource

By Chris Isidore, CNN Business Tesla bucked the industry-wide trend of reduced sales due to the shortage of computer chips and other parts, posting…

One year later, reporters are still processing what happened on Jan. 6

January 2, 2022 12:50 PM CNN

By Ramishah Maruf, CNN Business One of the defining stories of this year was the Jan. 6 insurrection, and its significance is only growing from here,…

One year later, reporters are still processing what happened on Jan. 6

January 2, 2022 12:50 PM CNN Newsource

By Ramishah Maruf, CNN Business One of the defining stories of this year was the Jan. 6 insurrection, and its significance is only growing from here,…

Goldman Sachs tells employees to stay home due to Covid

January 2, 2022 10:16 AM CNN Newsource

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

Independent Hong Kong news outlet Citizen News shuts down over safety fears

January 2, 2022 10:04 AM CNN Newsource

By Eric Cheung and Tara John, CNN Business The independent Hong Kong news site Citizen News said it will be shutting down on Tuesday, citing the…

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

January 2, 2022 7:00 AM CNN

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

Here’s what Elon Musk is likely to do with those billions of dollars in stock sales

January 2, 2022 7:00 AM CNN Newsource

By Chris Isidore, CNN Business What’s Elon Musk doing with the billions he’s collected in the past two months from selling shares in…

Can the stock market’s momentum continue into 2022?

January 2, 2022 6:48 AM CNN

By Julia Horowitz, CNN Business The stock market just wrapped up one of its best years on record. Can it repeat its stellar performance in 2022, even…

Can the stock market’s momentum continue into 2022?

January 2, 2022 6:48 AM CNN Newsource

By Julia Horowitz, CNN Business The stock market just wrapped up one of its best years on record. Can it repeat its stellar performance in 2022, even…

Holiday flight cancellations soar with Covid-19 disruptions and bad weather

January 1, 2022 11:27 PM CNN Newsource

By Gregory Wallace and Matt McFarland, CNN Business Thousands of US flights were canceled over New Year’s weekend as a combination of Covid-19…

Classic BlackBerry phones will stop working January 4

January 1, 2022 3:00 PM CNN Newsource

By Samantha Murphy Kelly, CNN Business You soon won’t be able to use that old BlackBerry phone sitting at the bottom of your drawer somewhere.…

Holiday flight cancellations soar with Covid-19 disruptions and bad weather

January 1, 2022 12:06 PM CNN

By Gregory Wallace and Matt McFarland, CNN Business Thousands of US flights were canceled over New Year’s weekend as a combination of Covid-19…

Holiday flight cancellations hit new peak amid Covid, wintry weather

January 1, 2022 12:06 PM CNN Newsource

By Gregory Wallace and Matt McFarland, CNN Thousands of US flights were canceled on New Year’s Day as a combination of Covid-19 and wintry…

2021: The year of space tourism

January 1, 2022 7:15 AM CNN Newsource

By Jackie Wattles, CNN Business When future generations write about the history of space travel, 2021 may well get its own chapter. “The year…

Why prices will keep soaring in 2022

January 1, 2022 6:56 AM CNN Newsource

By Anneken Tappe, CNN Business America is finishing the year with decades-high inflation. That doesn’t bode well for 2022. Prices have climbed…

Need to hit a store on New Year’s Day? Here’s what’s open

January 1, 2022 6:41 AM CNN Newsource

By Parija Kavilanz, CNN Business It’s New Year’s Day, and many of us are probably staying cocooned in our homes, contemplating the year…

Spirit Airlines to double flight attendant pay through January 4

December 31, 2021 11:45 AM CNN Newsource

By Reuters Spirit Airlines flight attendants are receiving double pay on any work through January 4, their union said, as the budget carrier…

How Bob Iger celebrated his last day at Disney after nearly 50 years

December 31, 2021 11:25 AM CNN Newsource

By Clare Duffy, CNN Business Bob Iger, Disney’s former chief executive and long-time executive chairman, is officially ending his tenure Friday…

Cruise stocks fall after CDC says stay away

December 31, 2021 10:26 AM CNN Newsource

By Paul R. La Monica, CNN Business Cruise company stocks had been holding up remarkably well in December despite concerns about Covid outbreaks on…

FAA warns it may be forced to delay flights because of Covid

December 31, 2021 9:56 AM CNN Newsource

By Gregory Wallace, CNN Business The Federal Aviation Administration is warning more air travel headaches may be in store, even as airlines cancel…

Two of America’s biggest banks return to remote work to start 2022

December 31, 2021 9:33 AM CNN Newsource

By Matt Egan, CNN Business Omicron is messing with back-to-the-office plans for both JPMorgan Chase and Citigroup. Citing the spike in Covid-19…

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