Covid vaccine gives Pfizer sales and profits a big boost
By Paul R. La Monica, CNN Business Pfizer’s sales in the fourth quarter more than doubled, thanks to strong demand for its Covid-19 vaccine.…
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Baby formula shortage has some families scrambling
By Parija Kavilanz, CNN Business Loan Nguyen is a new mom living in a constant state of anxiety. For the past several weeks, following the premature…
Continue Reading Huge profits at BP and Shell revive calls for windfall tax to tackle fuel poverty
By Mark Thompson, CNN Business News that Britain’s biggest oil companies made $32 billion in profit last year is stoking calls for the UK…
Continue Reading The biggest chip deal in history has fallen apart
By Michelle Toh, CNN Business SoftBank’s record-breaking sale of a prized chip designer to Nvidia has officially been called off. At an initial…
Continue Reading The biggest chip deal in history has fallen apart
By Michelle Toh, CNN Business SoftBank’s record-breaking sale of a prized chip designer to Nvidia has officially been called off. At an initial…
Continue Reading The biggest chip deal in history has fallen apart
By Michelle Toh, CNN Business SoftBank’s record-breaking sale of a prized chip designer to Nvidia has officially been called off. At an initial…
Continue Reading Bitcoin had a terrible January. But it just hit $45,000 again
By Rob McLean, CNN Business Crypto fans rejoice: Bitcoin is mounting a comeback. The virtual currency briefly breached the $45,000 milestone for the…
Continue Reading Neil Young says Spotify staffers should ‘get out of the place before it eats up your soul’
By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
Continue Reading Neil Young says Spotify staffers should ‘get out of the place before it eats up your soul’
By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
Continue Reading India’s Gautam Adani unseats Mukesh Ambani as Asia’s richest billionaire
By Diksha Madhok, CNN Business India’s Gautam Adani has overtaken his fellow countryman Mukesh Ambani to become the wealthiest person in Asia,…
Continue Reading India’s Gautam Adani unseats Mukesh Ambani as Asia’s richest billionaire
By Diksha Madhok, CNN Business India’s Gautam Adani has overtaken his fellow countryman Mukesh Ambani to become the wealthiest person in Asia,…
Continue Reading Kashmir journalist arrested under India’s anti-terror laws
By Rhea Mogul and Esha Mitra, CNN Business The editor of an independent news website in Kashmir has been arrested as police investigate if he…
Continue Reading James Bennet, former New York Times editorial page editor, expected to take the stand in defamation trial
By Sonia Moghe, CNN James Bennet, former head of the New York Times editorial section who is being sued along with the paper by Sarah Palin for…
Continue Reading Peter Thiel to step down from Facebook’s board
By Clare Duffy, CNN Business Peter Thiel, one of Facebook’s longest-serving and most controversial board members, plans to step down from the…
Continue Reading Some of the world’s biggest companies are failing on their own climate pledges, researchers say
By Isabelle Jani-Friend and Angela Dewan, CNN Amazon, Google, Ikea and BMW are among some of the world’s biggest companies failing to meet…
Continue Reading IRS halts plan to require facial recognition for logging in to user accounts
By Rachel Metz, CNN Business The Internal Revenue Service is halting a plan that would have required taxpayers to verify their identities with facial…
Continue Reading ‘I can’t imagine the consumer experience could get worse,’ Democratic lawmaker says of the Frontier-Spirit merger
By Matt Egan, CNN Business California Democratic Congressman Ro Khanna is shrugging off potential antitrust issues in the proposed $6.6 billion…
Continue Reading Here’s how much house you can afford in your area
By Anna Bahney, CNN Business How tough is it to afford a home in this wild housing market? A lot depends on how much you earn and how many houses are…
Continue Reading Amazon more than doubles salary caps to $350,000 for US white-collar employees
By Brian Fung, CNN Business Amazon is dramatically increasing salary caps for its US-based technology and corporate workforce, in a nod to how the…
Continue Reading Ford suspends some production because of chip shortage
By Peter Valdes-Dapena, CNN Business Ford shares were down about 1% in trading Monday after the company announced it is suspending or slowing…
Continue Reading No blue Christmas, but filling Santa’s sleigh cost Hasbro a fortune
By Paul R. La Monica, CNN Business Kids had plenty of Spider-Man, My Little Pony and Peppa Pig toys from Hasbro under the tree during the 2021…
Continue Reading Even your backup grocery store is struggling to stay fully stocked
By Parija Kavilanz, CNN Business Frustrated shoppers are already dealing with unpredictable product shortages and empty shelves at their favorite…
Continue Reading Why every Costco product is called ‘Kirkland Signature’
By Nathaniel Meyersohn, CNN Business Costco’s Kirkland Signature brand is perhaps America’s weirdest private label. You can put Kirkland…
Continue Reading SpaceX will lose up to 40 satellites it just launched due to a solar storm
By Jackie Wattles, CNN Business Up to 40 of SpaceX’s Starlink satellites are expected to fall out of orbit thanks to some inopportune timing:…
Continue Reading Tesla still owns $2 billion in bitcoin, but crypto volatility has taken a toll
By Paul R. La Monica, CNN Business If you’ve been hurt by the volatile moves in bitcoin lately, you’re in good company. Tesla, run by the…
Continue Reading Frontier and Spirit want to merge. Inflation could get in the way
By Julia Horowitz, CNN Business Politicians are under huge pressure to fight inflation as a rapid uptick in prices hits consumers’ wallets and…
Continue Reading Expect markets to be on a wild ride until the Fed really starts raising rates
Opinion by Christopher Leonard for CNN Business Perspectives Even the smartest Wall Street investors don’t know if markets will be up or down…
Continue Reading Spirit and Frontier Airlines plan to merge
By Chris Isidore, CNN Business Spirit and Frontier Airlines on Monday announced a $6.6 billion merger, a combination of low-fare carriers that would…
Continue Reading Peloton is wounded. Amazon, Nike or Apple could buy it
By Julia Horowitz, CNN Business Peloton has a target on its back. The company’s exercise bikes were a huge hit early in the pandemic. Now,…
Continue Reading ‘Fight Club’ ending restored in China after cries of censorship
By Michelle Toh, Nectar Gan, and CNN’s Beijing bureau, CNN Business “Fight Club” is almost back to its original state in China. As…
Continue Reading Spotify CEO condemns Rogan’s use of racial slurs, but says company won’t be ‘silencing’ him
By Oliver Darcy, CNN Business Daniel Ek, the chief executive of Spotify, addressed Joe Rogan’s past use of racial slurs on Sunday night,…
Continue Reading Sen. Klobuchar: Local media needs to be able to compete with Big Tech for ad dollars
By Ramishah Maruf, CNN Lawmakers are trying to find a solution to two intertwined trends: the rise of Big Tech and the decimation of local news. Sen.…
Continue Reading Why there’s no need to fear a bear market
By Paul R. La Monica, CNN Business Stocks tumbled sharply in January and the market has remained choppy in February. There are worries globally about…
Continue Reading India honors singer Lata Mangeshkar at state funeral, dead at 92
By Swati Gupta, CNN Lata Mangeshkar, the “nightingale of India” who gave her voice to Indian movies for more than 70 years, was honored…
Continue Reading Joe Rogan apologizes after a compilation of him using racial slurs spreads
By Ramishah Maruf and Brian Stelter, CNN Joe Rogan issued an apology on Instagram Saturday after a compilation of the podcaster frequently using the…
Continue Reading Amazon and Nike are exploring bids for Peloton, report says
Reuters Peloton Interactive Inc has drawn interest from potential buyers including e-commerce giant Amazon, according to a person familiar with the…
Continue Reading Spotify CEO condemns Rogan’s use of racial slurs, but says company won’t be ‘silencing’ him
By Oliver Darcy, CNN Business Daniel Ek, the chief executive of Spotify, addressed Joe Rogan’s past use of racial slurs on Sunday night,…
Continue Reading Joe Rogan apologizes after a compilation of him using racial slurs spreads
By Ramishah Maruf and Brian Stelter, CNN Joe Rogan issued an apology on Instagram Saturday after a compilation of the podcaster frequently using the…
Continue Reading Joe Rogan apologizes after a compilation of him using racial slurs spreads
By Ramishah Maruf and Brian Stelter, CNN Joe Rogan issued an apology on Instagram Saturday after a compilation of the podcaster frequently using the…
Continue Reading The US desperately needs skilled workers. But the community colleges that train them are woefully underfunded
By Alicia Wallace, CNN Business As America seeks to train workers for the hundreds of thousands of new infrastructure jobs that are being created, it…
Continue Reading The US desperately needs skilled workers. But the community colleges that train them are woefully underfunded
By Alicia Wallace, CNN Business As America seeks to train workers for the hundreds of thousands of new infrastructure jobs that are being created, it…
Continue Reading Relativity is 3D printing rockets and raising billions. Will its technology work?
By Jackie Wattles Video by Gabe Ramirez Tim Ellis, an unassuming 31-year-old with glasses who shuffles around his sprawling rocket factory in…
Continue Reading Some people in a cheering crowd called for her to be raped. Many were women
By Esha Mitra, CNN Her hair was cut off and her face painted black before she was paraded into the street where some people in a cheering crowd…
Continue Reading China’s digital yuan shows why we still need cryptocurrencies like bitcoin
Opinion by Emily Parker for CNN Business Perspectives China’s digital yuan is poised to make its debut on the global stage this week, with…
Continue Reading Meta is giving avatars a four-foot buffer zone to cut back on VR harassment
By Rachel Metz, CNN Business Meta, the parent company of Facebook, has a new feature aimed at cutting down on harassment and assault in virtual…
Continue Reading ‘Blockbuster’ jobs report suggests Fed can raise rates without tanking the economy, Austan Goolsbee says
By Matt Egan, CNN Business January’s shockingly strong jobs report suggests the US economy is healthy enough to withstand the Federal…
Continue Reading Biden sets first-year record with 6.6 million jobs added
By Chris Isidore, CNN Business Employers added a record 6.6 million jobs during Joe Biden’s first 12 months in office, by far the strongest…
Continue Reading 4 reasons why this jobs report matters to your wallet
By Allison Morrow, CNN Business The Labor Department’s monthly jobs report can be hard to interpret, especially as Covid has blown up…
Continue Reading Pandemic pricing is over. Manhattan real estate prices were near record highs last year
By Anna Bahney, CNN Business Manhattan real estate is back and it is booming. In 2021, prices were near record highs and sales were higher than…
Continue Reading Discovery chief praises CNN ahead of merger, addresses ouster of network president Jeff Zucker
By Brian Stelter and Oliver Darcy, CNN Business Discovery CEO David Zaslav praised CNN on Friday and said “news is going to be really…
Continue Reading Unpredictable income? Here’s how to manage your money
By Jeanne Sahadi, CNN Business Entrepreneurs. Freelancers. Gig workers. Consultants. Salespeople. If you freelance, earn commissions, run a small…
Continue Reading Suspected Chinese hackers hit News Corp with ‘persistent cyberattack’
By Sean Lyngaas News Corp suffered a “persistent cyberattack,” the company said Friday, and investigators believe Chinese spies may be…
Continue Reading Tesla recalls 817,000 vehicles due to seat belt alert issue
By Matt McFarland, CNN Business Tesla has issued a second recall in a week’s time, in this case due to a chime that would not always sound if a…
Continue Reading Why Elon Musk and Joe Biden both love EVs but can’t stand each other
By Chris Isidore, CNN Business President Joe Biden loves electric vehicles. He wants half of all new US cars sold by 2030 to be EVs. He proposed a…
Continue Reading At an Amazon warehouse in Alabama, a milestone union election is set to begin all over again
By Sara Ashley O’Brien, CNN Business Last year, an improbable organizing effort among Amazon warehouse workers in a central Alabama suburb led…
Continue Reading Want to quit your job for a better gig? Here’s your to-do list
By Kathryn Vasel and Jeanne Sahadi, CNN So much is working in favor of job seekers who want to wrangle a better position with better pay and better…
Continue Reading Surprisingly strong jobs report: America adds 467,000 positions in January
By Anneken Tappe, CNN Business America’s jobs recovery got an unexpected boost in January despite the Omicron variant spreading rapidly…
Continue Reading Amazon is the anti-Facebook
By Julia Horowitz, CNN Business Amazon and Facebook’s Meta are two of the market’s biggest players. Both have come under pressure during…
Continue Reading Rotterdam may dismantle historic bridge for superyacht reportedly owned by Jeff Bezos
By Anna Cooban and Charles Riley, CNN Business Rotterdam is considering a request to dismantle part of a historic bridge to allow a yacht reportedly…
Continue Reading These workers are the only ones really seeing higher wages
By Tami Luhby, CNN Business Lots of workers are getting raises, but for many, the pay hikes won’t buy them more at the grocery store or car…
Continue Reading 4 reasons why this jobs report matters to your wallet
By Allison Morrow, CNN Business The Labor Department’s monthly jobs report can be hard to interpret, especially as Covid has blown up…
Continue Reading Rotterdam may dismantle historic bridge for superyacht reportedly owned by Jeff Bezos
By Anna Cooban and Charles Riley, CNN Business Rotterdam is considering a request to dismantle part of a historic bridge to allow a yacht reportedly…
Continue Reading Mark Zuckerberg is in danger of losing his top 10 billionaire ranking
By Diksha Madhok, CNN Business The historic collapse in Meta’s shares this week has wiped $31 billion off Mark Zuckerberg’s personal…
Continue Reading CNN shakeup creates fresh challenges for WarnerMedia and Discovery
By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
Continue Reading Jury hears opening statements in Sarah Palin’s case against The New York Times
By Sonia Moghe, CNN After a delay of more than a week due to the plaintiff’s having tested positive for Covid, attorneys finally gave opening…
Continue Reading What’s next for CNN
By Brian Stelter, CNN Business On January 25 Jeff Zucker and Allison Gollust arrived together at CNN’s New York office for a very important…
Continue Reading Australian mining magnate takes legal action against Facebook over scam ads
By Hannah Ritchie and Jill Disis, CNN Business Billionaire mining magnate Andrew Forrest is taking legal action against Facebook in Australia after…
Continue Reading Amazon is raising the price of annual Prime memberships to $139
By Clare Duffy, CNN Business Amazon is raising the price of its annual Prime subscriptions from $119 to $139 per year in the United States, the…
Continue Reading MacKenzie Scott donates $133.5 million to educational nonprofit Communities in School
By Jennifer Korn MacKenzie Scott has donated $133.5 million to educational nonprofit Communities in School, an organization that helps students…
Continue Reading Amazon is raising the price of annual Prime memberships to $139
By Clare Duffy, CNN Business Amazon is raising the price of its annual Prime subscriptions from $119 to $139 per year in the United States, the…
Continue Reading Ford earnings hurt by chip shortage
by Chris Isidore, CNN Business Ford reported an unexpected drop in its fourth quarter earnings, rather than the improved results expected by Wall…
Continue Reading Former Tesla worker sues company alleging abuse ‘reminiscent of the Jim Crow Era’
By Matt McFarland, CNN Business Kaylen Barker, a Black woman who worked at a Tesla manufacturing plant, filed a lawsuit this week in California…
Continue Reading US oil prices hit $90 a barrel for the first time since 2014
By Matt Egan, CNN Business US oil prices jumped above $90 a barrel on Thursday for the first time in more than seven years. The latest rally comes…
Continue Reading Equity-rich homeowners are ‘sitting pretty’ amid sky high real estate prices
By Anna Bahney, CNN Business Sky high real estate prices have made a growing number of homeowners “equity rich,” according to a report on…
Continue Reading The big reason the US and UK are facing such a massive labor shortage
Opinion by Carlo Pizzinelli and Ippei Shibata for CNN Business Perspectives Almost two years after the pandemic upended labor markets, job openings…
Continue Reading Wag, a dog-walking startup that once raised $300 million from a single investor, is going public through a SPAC
By Sara Ashley O’Brien, CNN Business Wag, a dog-walking startup that once received $300 million from a single investor only to stumble in…
Continue Reading Meta’s market value just dropped by more than most companies are worth
By Clare Duffy, CNN Business Meta Platforms, the company formerly known as Facebook, just had its worst trading day in its history as a public…
Continue Reading Meta is giving avatars a four-foot buffer zone to cut back on VR harassment
By Rachel Metz, CNN Business Meta, the parent company of Facebook, has a new feature aimed at cutting down on harassment and assault in virtual…
Continue Reading Democrats call for Biden officials to limit US natural gas exports because of rising home heating costs
By Matt Egan, CNN Business Nearly a dozen US Senators are calling for the Biden administration to curb overseas shipments of natural gas as Americans…
Continue Reading Melinda French Gates reportedly won’t give bulk of her wealth to Gates Foundation
By Jennifer Korn, CNN Business Melinda French Gates may be shifting her approach to how she gives away her vast wealth following her high-profile…
Continue Reading Here’s who has left Spotify because of Joe Rogan
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…
Continue Reading What it takes to make money flipping homes in a crazy real estate market
By Anna Bahney, CNN Business More people are flipping homes, but they are making less of a profit. Investors looking to get a piece of skyrocketing…
Continue Reading Everything Hershey makes is going to get more expensive
By Danielle Wiener-Bronner, CNN Business Stress eating is about to get more expensive: Hershey is raising prices this year. “Pricing will be an…
Continue Reading Tesla owners complain about ‘phantom braking.’ Federal safety regulator considers a probe
By Chris Isidore and Matt McFarland, CNN Business Federal safety regulators are mulling a probe after Tesla owners complained that their cars were…
Continue Reading Meta plummets, dragging stocks lower
By Anneken Tappe, CNN Business Meta ruined things for the stock market on Thursday. Wall Street was deep in the red as the tech company formerly…
Continue Reading Will a new tax dent business-friendly Dubai?
By Celine Alkhaldi and Eoin McSweeney, CNN Almost 90% of Dubai’s population is made up of foreigners who flocked to the Gulf business hub for…
Continue Reading Amazon is the anti-Facebook
By Julia Horowitz, CNN Business Amazon and Facebook’s Meta are two of the market’s biggest players. Both have come under pressure during…
Continue Reading Tesla owners are more Republican than you’d think
By Chris Isidore, CNN Business Elon Musk has trained his Twitter guns on top Democrats such as Bernie Sanders and Elizabeth Warren. Now he’s…
Continue Reading America’s economic recovery is about to go into reverse
By Anneken Tappe, CNN Business The Omicron variant put a massive speed bump in the road to America’s recovery this winter. The first signs of…
Continue Reading Where are the users? Why Facebook’s stock is imploding
By Julia Horowitz, CNN Business Competition from TikTok. A stagnant user base in key markets. A pricey bid to invest in virtual reality that could…
Continue Reading Thousands more flights are canceled as a massive winter storm tears across the US
By Jordan Valinsky, CNN Business US airlines canceled thousands more flights Thursday as a powerful winter storm packing ice, rain, sleet and several…
Continue Reading Energy bills are rising by 54% for millions of UK households
By Charles Riley, CNN Business Life is about to get much more expensive for tens of millions of Brits. A cap on how much UK consumers can be charged…
Continue Reading Thousands more flights are canceled as a massive winter storm tears across the US
By Jordan Valinsky, CNN Business US airlines canceled thousands more flights Thursday as a powerful winter storm packing ice, rain, sleet and several…
Continue Reading PlayStation and Switch sales are suffering as the gaming wars heat up
By Michelle Toh, CNN Business Two of the world’s biggest video game companies are feeling the pressure as the console wars heat up. Shares of…
Continue Reading America’s economic recovery is about to go into reverse
By Anneken Tappe, CNN Business The Omicron variant put a massive speed bump in the road to America’s recovery this winter. The first signs of…
Continue Reading CNN reporters grill WarnerMedia CEO on Jeff Zucker’s departure
By Brian Stelter and Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can…
Continue Reading Spotify CEO addresses Joe Rogan controversy
By Frank Pallotta, CNN Business Spotify CEO Daniel Ek addressed the controversy around comedian and podcast host Joe Rogan on Wednesday, saying that…
Continue Reading Meta shares plummet 20% after posting rare profit decline
By Clare Duffy, CNN Business Facebook rattled investors on Wednesday by posting a rare profit decline, driven by the company’s heavy spending…
Continue Reading Natural gas spikes 16% ahead of winter storm
By Matt Egan, CNN Business Natural gas futures soared Wednesday as energy markets brace for a powerful winter storm that threatens to derail…
Continue Reading Teen’s Tesla hack shows how vulnerable third-party apps may make cars
By Matt McFarland, CNN Business A German teenager says he found a vulnerability in an app installed in some Teslas, which allowed him the ability to…
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