Twitter employees head for the exits after Elon Musk’s ‘extremely hardcore’ work ultimatum
By Clare Duffy and Oliver Darcy, CNN Business Another employee exodus appears to be underway at Twitter as many workers rejected Elon Musk’s…
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Twitter employees head for the exits after Elon Musk’s ‘extremely hardcore’ work ultimatum
By Clare Duffy and Oliver Darcy, CNN Business Another employee exodus appears to be underway at Twitter as many workers rejected Elon Musk’s…
Continue Reading The ’12 Days of Christmas’ gifts will set you back a lot more this year
By Alicia Wallace, CNN Business Thanks to inflation, your “True Love” will have to spend a pretty (expensive) penny when showering you…
Continue Reading Ticketmaster cancels public sale for Taylor Swift’s Eras Tour due to overwhelming demand
By Jordan Valinsky and Frank Pallotta, CNN Anyone looking to buy a ticket to Taylor Swift’s new tour may be out of luck. Ticketmaster said on…
Continue Reading Airbnb CEO on the tech downturn: ‘It’s like we’re all in a nightclub and the lights just came on’
By Catherine Thorbecke, CNN Business After years of seemingly unstoppable growth, the tech industry is now facing the “ultimate reality…
Continue Reading Airbnb CEO on the tech downturn: ‘It’s like we’re all in a nightclub and the lights just came on’
By Catherine Thorbecke, CNN Business After years of seemingly unstoppable growth, the tech industry is now facing the “ultimate reality…
Continue Reading Parents beware: Dangerous, recalled toys are still on sale
By Parija Kavilanz, CNN Business Parents shopping for their kids this holiday season need to be alert and carefully examine toys before they buy them…
Continue Reading These fireball-dropping drones are on the frontlines of wildfire prevention
By Natalia V. Osipova and Catherine Thorbecke, CNN Business As US wildfires have grown larger and deadlier in recent years, one company is using…
Continue Reading Indian billionaire Gautam Adani’s flagship company is raising $2.5 billion
By Anna Cooban and Diksha Madhok, CNN Business Indian billionaire Gautam Adani’s business empire is planning to raise nearly $2.5 billion in a…
Continue Reading ‘Difficult decisions’: Britain announces higher taxes and spending cuts in warning sign for other governments
By Julia Horowitz, CNN Business The United Kingdom has already entered a recession and is battling decades-high inflation, eroding standards of…
Continue Reading Shoppers are pulling back at Macy’s and Kohl’s
By Nathaniel Meyersohn, CNN Business Middle-income shoppers have tightened their spending on clothing and home furnishings. That’s squeezing…
Continue Reading UK to raise $65 billion from windfall tax on energy companies
By Hanna Ziady, CNN Business The UK government is hiking a windfall tax on oil and gas companies and extending the levy to electricity generators, as…
Continue Reading Chinese consumers are wary. Alibaba’s sales miss forecasts
By Paul R. La Monica, CNN Business The Chinese consumer is still under a lot of pressure. E-commerce giant Alibaba reported third quarter sales…
Continue Reading First on CNN: ‘Greed and deception.’ Elizabeth Warren demands Sam Bankman-Fried and FTX turn over trove of records
By Matt Egan, CNN Business Democratic Sens. Elizabeth Warren and Dick Durbin are demanding FTX founder Sam Bankman-Fried hand over a trove of…
Continue Reading ‘Complete failure:’ Filing reveals staggering mismanagement inside FTX
By Allison Morrow, CNN Business A new court filing about Sam Bankman-Fried’s bankrupt companies reveals a crypto empire that was colossally…
Continue Reading These fireball-dropping drones are on the frontlines of wildfire prevention
By Natalia V. Osipova and Catherine Thorbecke, CNN Business As US wildfires have grown larger and deadlier in recent years, one company is using…
Continue Reading What a Republican-controlled House could mean for Silicon Valley
By Brian Fung, CNN Business With Republicans projected to take control of the House as a result of the midterm elections, tech giants such as Amazon,…
Continue Reading Stocks have been clobbered this year, but people are still contributing to their retirement accounts
By Jeanne Sahadi, CNN Business Stocks and bonds have been turning in volatile, bearish performances this year in an economy marked by high inflation…
Continue Reading Taylor Swift ticket snafu caused by Ticketmaster abusing its market power, Senate antitrust chair says
By Jordan Valinsky, CNN Business Senator Amy Klobuchar criticized Ticketmaster in an open letter to its CEO, saying she has “serious…
Continue Reading Elon Musk is planning a subtle change to Twitter that could make it harder to stop the bots
By Rachel Metz, CNN Business Elon Musk has been saying for months that he wants to stamp out spam and fake accounts on Twitter, but a subtle change…
Continue Reading Get ready for a spending slowdown this holiday season
By Nicole Goodkind, CNN Business American shoppers continue to defy gravity against the backdrop of persistently elevated inflation. Retail sales…
Continue Reading About 2,000 Starbucks workers stage one-day strike at more than 100 stores
By Chris Isidore, CNN Business More than 2,000 employees at 112 Starbucks locations are set to go on a one-day strike Thursday, according to the…
Continue Reading ‘Complete failure:’ Filing reveals staggering mismanagement inside FTX
By Allison Morrow, CNN Business A new court filing about Sam Bankman-Fried’s bankrupt companies reveals a crypto empire that was colossally…
Continue Reading Singapore writes down $275 million in FTX, calls belief in Sam Bankman-Fried ‘misplaced’
By Diksha Madhok, CNN Business Singapore has become the latest backer of crypto exchange FTX to admit being burned by its spectacular collapse. In a…
Continue Reading UK orders Chinese-owned company to sell Britain’s biggest chipmaker
By Michelle Toh, CNN Business The UK government has ordered a Chinese-owned company to unwind its takeover of Britain’s biggest chipmaker,…
Continue Reading Porsche just turned its iconic Porsche 911 sports car into a jacked-up off-road beast
By Peter Valdes-Dapena, CNN Business If you want to go off-road in Porsche, the German brand can offer you a couple of different SUVs for that. But…
Continue Reading Porsche just turned its iconic Porsche 911 sports car into a jacked-up off-road beast
By Peter Valdes-Dapena, CNN Business If you want to go off-road in Porsche, the German brand can offer you a couple of different SUVs for that. But…
Continue Reading Meet the two new anchors replacing Judy Woodruff on ‘PBS NewsHour’
By Oliver Darcy, CNN Business “PBS NewsHour” is ready to turn the page. The iconic nightly news program announced Wednesday that…
Continue Reading NYC taxi fares expected to increase by 23% by the end of this year
By Zenebou Sylla, CNN The cost of a New York City taxi ride is expected to increase by nearly 23% by the end of 2022, marking the first taxi fare…
Continue Reading A recession could hit white-collar workers the hardest. Here’s why
By Alison Kosik, CNN Business White collar workers would be hit harder than blue collar workers if the United States enters a recession soon,…
Continue Reading Ticketmaster apologizes to Taylor Swift and her fans for ticketing debacle
By Frank Pallotta, CNN Business Ticketmaster apologized to Taylor Swift and her fans late Friday night after a ticketing debacle this week that made…
Continue Reading Taylor Swift ticket meltdown sparks outrage about Ticketmaster’s power
By Chris Isidore, CNN Business Taylor Swift fans’ outrage over Ticketmaster’s service meltdown Tuesday has shined a spotlight on a common…
Continue Reading Retail sales surged by 1.3% in October as consumers continue to spend despite inflation
By Alicia Wallace, CNN Business American shoppers spent more in October, showing continued resilience amid persistently high inflation and an early…
Continue Reading Greed is back with a vengeance on Wall Street
By Paul R. La Monica, CNN Business Many investors are still nursing losses for the year. But stocks have come roaring back to life in the past few…
Continue Reading Thanksgiving dinner will cost 20% more this year because of inflation
By Vanessa Yurkevich, CNN Business Thanksgiving dinner will cost a whopping 20% more than it did last year, according to a new survey released…
Continue Reading UK inflation jumps to 41-year high of 11.1%
By Hanna Ziady, CNN Business Soaring energy costs drove UK inflation to a fresh high in October, the latest piece of bad news for an economy sliding…
Continue Reading Target warns of a weak holiday season. Shares are tumbling
By Jordan Valinsky, CNN Business Target’s profit plunged 52% in the third quarter and the retailer warned of a sluggish holiday. Target blamed…
Continue Reading It’s looking grim for Wall Street bonuses this year
By Nicole Goodkind, CNN Business Ferragamo belt-buckles are being tightened across Wall Street as bankers prepare for a gloomy bonus season. Year-end…
Continue Reading The new Toyota Prius has a huge power boost and even better fuel efficiency
By Peter Valdes-Dapena, CNN Business Toyota unveiled an all-new version of its famous Prius hybrid car Wednesday just ahead of the Los Angeles Auto…
Continue Reading Flu, RSV, Covid: 6 ways employers can deal with a potential wave of absences
By Jeanne Sahadi, CNN Business Employers may be pushing for more workers to return to the office. But that’s proving to be an uphill battle,…
Continue Reading Flu, RSV, Covid: 6 ways employers can deal with a potential wave of absences
By Jeanne Sahadi, CNN Business Employers may be pushing for more workers to return to the office. But that’s proving to be an uphill battle,…
Continue Reading Coffee prices are crashing. What it means for your cup of joe
By Danielle Wiener-Bronner, CNN Business Coffee futures are crashing. But that might not mean too much for the price of your cup of coffee. In…
Continue Reading Taylor Swift tickets listed for thousands on StubHub after millions flood Ticketmaster
By Frank Pallotta, CNN Business Taylor Swift fans were seeing red on Tuesday when Ticketmaster was overwhelmed by demand as pre-sales for the…
Continue Reading FTX investor sues Tom Brady, Gisele Bundchen and others as crypto contagion spreads
By Allison Morrow, CNN Business The fallout from the spectacular implosion of crypto giant FTX has triggered a cascade of wide-reaching effects:…
Continue Reading Elon Musk’s $50 billion payday trial: Tesla CEO testifies in his own defense
By Matt McFarland, CNN Business Tesla CEO Elon Musk testified this morning in a shareholder lawsuit examining the massive compensation package that…
Continue Reading FTX’s Bahamas unit files for bankruptcy in New York
By Chris Isidore, CNN Business FTX Digital Markets, the Bahamas-based unit of the recently collapsed cryptocurrency trading platform, has filed for…
Continue Reading Elon Musk gives ultimatum to Twitter employees: Do ‘extremely hardcore’ work or get out
By Donie O’Sullivan and Clare Duffy, CNN Business Twitter’s new owner Elon Musk has given employees until Thursday evening to commit to…
Continue Reading Britain is bringing back austerity. Here’s why
By Julia Horowitz, CNN Business The last time a British finance minister revealed tax and spending plans, markets went haywire and the…
Continue Reading Thanksgiving dinner will cost 20% more this year because of inflation
By Vanessa Yurkevich, CNN Business Thanksgiving dinner will cost a whopping 20% more than it did last year, according to a new survey released…
Continue Reading Tom Ford is a newly minted billionaire, thanks to the $2.8B Estée Lauder deal
By Michelle Toh, CNN Business A blockbuster deal to sell his eponymous fashion brand has catapulted fashion designer Tom Ford into the global…
Continue Reading Food safety company accused of using children for hazardous overnight jobs
By Chris Isidore, CNN Business The Labor Department has filed a federal lawsuit charging a leading US food sanitation company with using dozens of…
Continue Reading Tesla’s board chair says Musk needed money for space travel
By Matt McFarland, CNN Business Elon Musk said that he needed to receive what amounted to the largest compensation package in history so that he…
Continue Reading Some retail store credit cards now carry APRs of more than 30%
By Alicia Wallace, CNN Business There has long been a threshold that few issuers of store-branded credit cards have been willing to surpass: the 30%…
Continue Reading Restaurant sales are going up. But dining out is on the decline
By Danielle Wiener-Bronner, CNN Business Chain restaurants have been reporting growing sales in the third quarter. But more sales don’t mean…
Continue Reading First on CNN: ‘Greed and deception.’ Elizabeth Warren demands Sam Bankman-Fried and FTX turn over trove of records
By Matt Egan, CNN Business Democratic Sens. Elizabeth Warren and Dick Durbin are demanding FTX founder Sam Bankman-Fried hand over a trove of…
Continue Reading Twitter chaos spills into public view as Musk clashes with and fires employees on the platform
By Clare Duffy, Oliver Darcy and Donie O’Sullivan, CNN Business Elon Musk has publicly clashed with a growing number of Twitter employees about…
Continue Reading Coors Light’s new nail polish changes color if your beer is cold enough to drink
By Parija Kavilanz, CNN Business Fact: No one likes warm beer. With the holiday party season already in full swing, Coors Light has invented a new…
Continue Reading Buyer Beware. Even if your favorite movie star is selling
By Christine Romans, CNN Business The best advice for investors has always been: Buyer beware. It’s especially important in the unregulated…
Continue Reading Amazon launches message-based virtual clinic for allergies, acne and hair loss
By Catherine Thorbecke, CNN Business Amazon on Tuesday launched a virtual clinic to treat common health conditions, including allergies, acne and…
Continue Reading Look out, Costco. Sam’s Club drops its hot dog combo to $1.38
By Nathaniel Meyersohn, CNN Business There’s a retail price war on hot dog and soda combos. Sam’s Club has lowered the price of its hot…
Continue Reading Protocol, the tech-news focused website, will shutter and lay off its entire staff
By Oliver Darcy, CNN Protocol, the upstart technology news website launched by former Politico owner and publisher Robert Allbritton in early 2020,…
Continue Reading Kraft Heinz turns to gimmicks and nostalgia to revive its ‘dusty’ brands
By Danielle Wiener-Bronner, CNN Business Oscar Mayer. Velveeta. Capri Sun. Kraft Heinz CEO Miguel Patricio admits: Some of the company’s iconic…
Continue Reading How the crypto fallout could affect you
By Nicole Goodkind, CNN Business The crypto industry is still reeling from last week’s shocking death spiral of digital currency exchange FTX.…
Continue Reading Wealthier shoppers turn to Walmart for groceries
By Nathaniel Meyersohn, CNN Business Wealthier customers pinched by inflation are switching to Walmart for groceries, boosting sales at…
Continue Reading Walmart agrees to $3.1 billion opioid settlement framework
By Kristina Sgueglia, CNN Walmart agreed to the framework of a $3.1 billion settlement, which resolves allegations from multiple states’…
Continue Reading We tried Apple’s new SOS tool for when you don’t have cell service
By Samantha Murphy Kelly, CNN Business When Apple announced at its closely-watched September product launch event that it would soon introduce an…
Continue Reading Inflation is cooling, and Wall Street loves it
By Paul R. La Monica, CNN Business Stocks ended the day higher Tuesday after the US government reported that wholesale prices rose at a far less…
Continue Reading Taylor Swift fans irate at Ticketmaster as huge tour pre-sale demand snarls site
By Jordan Valinsky, CNN Business There’s some bad blood brewing between Taylor Swift fans and Ticketmaster. Pre-sales for a handful of dates on…
Continue Reading Jeff Bezos hints he’s buying the Washington Commanders: ‘We’ll have to wait and see’
By Frank Pallotta, CNN Business Jeff Bezos may be adding NFL owner to his resume. The Amazon founder, along with Jay-Z, is in talks on a potential…
Continue Reading Bankrupt crypto exchange FTX may have over 1 million creditors as ‘dozens’ of regulators probe collapse
By Matt Egan Bankrupt crypto exchange FTX could have more than 1 million creditors and has been in contact with “dozens” of regulators…
Continue Reading Home Depot customers are spending more, but that’s mainly due to inflation
By Paul R. La Monica, CNN Business Good news for home improvement retail giant Home Depot: Sales were up nearly 6% from a year ago, topping Wall…
Continue Reading Yet another key economic report is showing inflation pressures are easing
By Alicia Wallace, CNN Business A key measure of inflation, wholesale prices, rose by 8% in October from a year before, according to the latest…
Continue Reading We tried Apple’s new SOS tool for when you don’t have cell service
By Samantha Murphy Kelly, CNN Business When Apple announced at its closely-watched September product launch event that it would soon introduce an…
Continue Reading FTX crash is eerily similar to the Bernie Madoff scandal, ex-regulator Sheila Bair says
By Matt Egan, CNN Business In the span of just three years, Sam Bankman-Fried built FTX into a massive crypto exchange backed by marquee investors…
Continue Reading Kraft Heinz turns to gimmicks and nostalgia to revive its ‘dusty’ brands
By Danielle Wiener-Bronner, CNN Business Oscar Mayer. Velveeta. Capri Sun. Kraft Heinz CEO Miguel Patricio admits: Some of the company’s iconic…
Continue Reading Who is Binance founder Changpeng ‘CZ’ Zhao, the billionaire who wants to ‘rebuild’ crypto?
By Michelle Toh, CNN Business Binance founder and CEO Changpeng Zhao is once again in the global spotlight, this time as the self-appointed white…
Continue Reading Who is Binance founder Changpeng ‘CZ’ Zhao, the billionaire who wants to ‘rebuild’ crypto?
By Michelle Toh, CNN Business Binance founder and CEO Changpeng Zhao is once again in the global spotlight, this time as the self-appointed white…
Continue Reading Warren Buffett’s company buys $4 billion stake in Taiwanese chip giant TSMC
By Diksha Madhok, CNN Business Shares of Taiwan Semiconductor Manufacturing Company surged on Tuesday after Warren Buffett’s Berkshire Hathaway…
Continue Reading 48,000 University of California academic workers go on strike
By Stella Chan and Taylor Romine, CNN About 48,000 academic employees across the University of California system walked off the job Monday morning,…
Continue Reading MacKenzie Scott announces another $2 billion in donations
By Ramishah Maruf, CNN Business Billionaire philanthropist MacKenzie Scott has donated almost $2 billion to more than 300 organizations in the last…
Continue Reading A third railroad union rejects proposed contract, further raising the odds of a strike
By Chris Isidore and Vanessa Yurkevich, CNN Business A third railroad union has rejected a tentative labor deal, a move that further raises the odds…
Continue Reading Customers who trusted crypto giant FTX may be left with nothing
By Allison Morrow, CNN Business As the dust settles from one of the most shocking financial implosions in history, one of the key unknowns is how…
Continue Reading Amazon CEO explains thinking behind layoffs as unionized warehouse workers protest outside
By Catherine Thorbecke, CNN Business Amazon CEO Andy Jassy on Wednesday said an “uncertain” economy pushed the e-commerce giant to move…
Continue Reading Slower pace of rate increases could be coming ‘soon,’ says Fed vice chair
By Alicia Wallace, CNN Business It could soon be time for the Federal Reserve to ease up on its super-sized rate interest hikes, according to the…
Continue Reading New York Times: Amazon plans to lay off thousands of employees
By Catherine Thorbecke, CNN Business Amazon is planning to lay off some 10,000 employees in corporate and technology jobs, the New York Times…
Continue Reading FTX’s Bahamas unit files for bankruptcy in New York
By Chris Isidore, CNN Business FTX Digital Markets, the Bahamas-based unit of the recently collapsed cryptocurrency trading platform, has filed for…
Continue Reading Google agrees to $392 million settlement with 40 states over location tracking practices
By Jennifer Korn, CNN Business Google has agreed to a record $391.5 million settlement with 40 states for allegedly misleading consumers over its…
Continue Reading Google agrees to $392 million settlement with 40 states over location tracking practices
By Jennifer Korn, CNN Business Google has agreed to a record $391.5 million settlement with 40 states for allegedly misleading consumers over its…
Continue Reading Crypto is in crisis. It’s not just because of FTX
By Nicole Goodkind, CNN Business The stunning downfall of FTX, one of the largest cryptocurrency exchanges, sent shockwaves through the crypto…
Continue Reading Jeff Bezos’ top tips for managing the economic downturn
By Brian Fung, CNN Business Amazon founder Jeff Bezos recently warned consumers and businesses they should consider postponing large purchases in the…
Continue Reading Why Planet Fitness hasn’t raised its $10 monthly gym price in 30 years
By Nathaniel Meyersohn, CNN Business A gym membership in the United States typically costs around $50 a month. Boutique gyms and high-intensity…
Continue Reading It’s a terrible time to buy a house. Here’s what to know if you have to do it anyway
By Anna Bahney, CNN Business There is no sugarcoating it: This is a terrible time to buy a home. Mortgage rates for a 30-year fixed rate loan are now…
Continue Reading At least $1 billion of client funds missing at failed crypto firm FTX, sources say
Reuters At least $1 billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter. The…
Continue Reading Degrowth: A dangerous idea or the answer to the world’s biggest crisis?
By Julia Horowitz, CNN Business Conventional economic logic hinges on a core assumption: Bigger economies are better, and finding ways to maintain or…
Continue Reading All eyes on the consumer ahead of Black Friday and the holidays
By Paul R. La Monica, CNN Business It has been a tough year for American consumers. Inflation everywhere. Rapidly rising interest rates. A housing…
Continue Reading Beware: The companies that hold your crypto aren’t insured the way banks are
By Jeanne Sahadi, CNN Business The “crypto winter” that hit earlier this year walloped digital asset prices and served as a healthy…
Continue Reading ‘Black Panther: Wakanda Forever’ notches record opening for November
By Frank Pallotta, CNN Business “Black Panther: Wakanda Forever” had the major challenge of following “Black Panther,” one of…
Continue Reading Tech stocks have been crushed. What’s next for the FAANGs?
By Paul R. La Monica, CNN Business The great bull run for tech stocks may finally be over. It has been a brutal year for the leading companies of…
Continue Reading Elon Musk’s SpaceX is buying an ad package on Elon Musk’s Twitter
By Catherine Thorbecke, CNN Business While a number of major brands have announced advertising pauses on Twitter in the wake of Elon Musk’s…
Continue Reading What’s behind wide salary ranges after New York’s pay transparency law
By Jeanne Sahadi, CNN Business It’s not unusual for two people with the same title to be paid somewhat different salaries. Pay, after all, is…
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