Money Archives

Starbucks is planning even more price hikes this year

February 2, 2022 10:13 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business Starbucks has been hiking prices as inflation soars and labor costs rise. And it’s planning more this…

Starbucks is planning even more price hikes this year

February 2, 2022 10:13 AM CNN

By Danielle Wiener-Bronner, CNN Business Starbucks has been hiking prices as inflation soars and labor costs rise. And it’s planning more this…

ABC News suspends ‘The View’ host Whoopi Goldberg

February 1, 2022 8:38 PM CNN Newsource

By Oliver Darcy, CNN Business ABC News suspended “The View” host Whoopi Goldberg for two weeks on Tuesday night, hours after she…

CNN President Jeff Zucker resigns over consensual relationship with key lieutenant

February 2, 2022 9:34 AM CNN Newsource

By Brian Stelter and Oliver Darcy, CNN Business CNN Worldwide president Jeff Zucker, the influential news executive who reshaped the iconic network,…

The titans of Wall Street are getting much bigger paychecks

February 2, 2022 8:50 AM CNN Newsource

By Paul R. La Monica, CNN Business Big Wall Street firms enjoyed a stellar 2021 thanks to a booming stock market and a frenzy of mergers and initial…

OPEC and Russia keep promising to pump more oil. They’re not delivering

February 2, 2022 7:11 AM CNN Newsource

By Charles Riley, CNN Business Here’s one big reason oil prices are near a seven-year high: OPEC and Russia are producing less than they…

It’s peak ski season in Utah but droves of employees are sick. This is the result

February 2, 2022 6:35 AM CNN Newsource

Opinion by Rhonda Sideris and Heleena Sideris for CNN Business Perspectives Like many other businesses, we’ve been through our fair share of…

3G networks are shutting down soon. A scramble to get users to upgrade is underway

February 2, 2022 6:27 AM CNN Newsource

By Samantha Murphy Kelly, CNN Business Aaron Hommell bought his 3G iPhone 5 in 2014 and kept it for more than seven years, holding onto it even after…

3G networks are shutting down soon. A scramble to get users to upgrade is underway

February 2, 2022 6:27 AM CNN

By Samantha Murphy Kelly, CNN Business Aaron Hommell bought his 3G iPhone 5 in 2014 and kept it for more than seven years, holding onto it even after…

America lost 301,000 private-sector jobs in January, ADP says

February 2, 2022 6:25 AM CNN Newsource

By Anneken Tappe, CNN Business Omicron threw a wrench into America’s economy at the start of 2022: The US private sector lost hundreds of…

Europe’s plan to call natural gas ‘sustainable’ triggers backlash from climate campaigners

February 2, 2022 5:59 AM CNN

By Ivana Kottasová and Angela Dewan, CNN The European Commission is coming under criticism after unveiling a long-delayed proposal to designate…

Google just made its stock much more affordable

February 2, 2022 5:56 AM CNN Newsource

By Julia Horowitz, CNN Business Not everyone has thousands of dollars on hand to purchase a single share of Google. Soon, investors won’t have…

Thousands of flights are canceled as a massive winter storm tears across the US

February 2, 2022 5:42 AM CNN Newsource

By Jordan Valinsky, CNN Business US airlines have canceled thousands of flights for Wednesday and Thursday as a powerful winter storm packing ice,…

Thousands of flights are canceled as a massive winter storm tears across the US

February 2, 2022 5:42 AM CNN

By Jordan Valinsky, CNN Business US airlines have canceled nearly 3,000 flights combined for Wednesday and Thursday as a powerful winter storm…

Europe’s plan to call natural gas ‘sustainable’ triggers backlash from climate campaigners

February 2, 2022 4:58 AM CNN Newsource

By Ivana Kottasová and Angela Dewan, CNN The European Commission is coming under criticism after unveiling a long-delayed proposal to designate…

The restaurant business will probably never recover from Covid

February 2, 2022 4:03 AM CNN Newsource

By Vanessa Yurkevich, CNN Business The restaurant industry will likely never return to its pre-pandemic state, according to the National Restaurant…

China’s biggest Lunar New Year release is another Korean War propaganda movie

February 2, 2022 12:03 AM CNN Newsource

By Laura He, CNN Business The Chinese box office has raked in $314 million so far during the Lunar New Year holiday, largely thanks to a patriotic…

Inside ABC News, some staffers accepted Whoopi Goldberg’s apology while others sought action

February 1, 2022 10:34 PM CNN Newsource

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

Inside ABC News, some staffers accepted Whoopi Goldberg’s apology while others sought action

February 1, 2022 9:31 PM CNN

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

ABC News suspends ‘The View’ host Whoopi Goldberg

February 1, 2022 7:45 PM CNN

By Oliver Darcy, CNN Business ABC News suspended “The View” host Whoopi Goldberg for two weeks on Tuesday night, hours after she…

Google stock jumps 8% after blowout quarter fueled by strong ad sales

February 1, 2022 4:42 PM CNN Newsource

By Clare Duffy, CNN Business Despite being one of the biggest online advertising giants, Google’s ad business is still growing at a rapid clip.…

GM posts record earnings despite chip shortage

February 1, 2022 2:38 PM CNN Newsource

By Chris Isidore, CNN Business General Motors reported record earnings for 2021, despite struggling with a shortage of computer chips and other parts…

America’s national debt surpasses $30 trillion for the first time

February 1, 2022 2:23 PM CNN Newsource

By Matt Egan, CNN Business America’s national debt just hit another sobering milestone. Total public debt outstanding is now above $30…

Facebook’s dream of creating its own global cryptocurrency officially comes to an end

February 1, 2022 2:01 PM CNN Newsource

By Clare Duffy, CNN Business In June 2019, after years of being under scrutiny for the impact its platforms have on society, Facebook unveiled one of…

Next up: Wireless charging for your car

February 1, 2022 12:39 PM CNN Newsource

By Peter Valdes-Dapena, CNN Business In a few years, cars going down a road in a historic section of Detroit will theoretically be able to charge…

Joe Rogan’s path from reality host to Covid controversy king

February 1, 2022 11:59 AM CNN Newsource

By Allison Morrow, CNN Business If Joe Rogan wasn’t already a household name before last week, he almost certainly is now. His Spotify-based…

Spotify wants Joe Rogan and every musician. That’s proving impossible

February 1, 2022 11:33 AM CNN Newsource

By Frank Pallotta, CNN Business Spotify wants to be the everything-for-everyone audio company. But it’s 2022, and that’s proving…

‘I don’t feel like a pro, but I’m acting like a pro.’ These GameStop traders struck gold. Then came the hard part.

February 1, 2022 11:04 AM CNN

By Jon Sarlin, CNN Business It’s like seeing double. The virtually rendered bright yellow Honda Civic Type R Limited Edition that AJ Vanover is…

Oil prices are still painfully high and OPEC might act, Goldman Sachs says

February 1, 2022 10:57 AM CNN Newsource

By Matt Egan, CNN Business Energy prices remain uncomfortably high, and OPEC and its allies are under pressure to come to the rescue. The good news…

Tesla recalls all 53,822 vehicles with its ‘full self-driving’ feature

February 1, 2022 10:29 AM CNN Newsource

By Matt McFarland, CNN Business Tesla will recall all 53,822 vehicles with its “full self-driving” driver-assist feature after it was…

Home Depot’s answer to the labor shortage: Next-day job offers

February 1, 2022 8:49 AM CNN Newsource

By Matt Egan, CNN Business Home Depot has a plan to combat the worker shortage: Speedy job offers. The world’s largest home improvement…

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

February 1, 2022 4:53 AM CNN Newsource

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

This year will be an even better one for UPS

February 1, 2022 10:20 AM CNN Newsource

By Chris Isidore, CNN Business UPS just completed a record year. The current one will be even better. The delivery company earned $3.2 billion in the…

Interest rates are rising. Here’s what to do if you’re investing in bonds

February 1, 2022 10:20 AM CNN Newsource

By Jeanne Sahadi, CNN Business Inflation is high and interest rates are expected to rise this year. So what does that mean if you’re investing…

‘I don’t feel like a pro, but I’m acting like a pro.’ These GameStop traders struck gold. Then came the hard part.

February 1, 2022 10:12 AM CNN Newsource

By Jon Sarlin, CNN Business It’s like seeing double. The virtually rendered bright yellow Honda Civic Type R Limited Edition that AJ Vanover is…

A record number of Americans quit their jobs in 2021

February 1, 2022 8:38 AM CNN Newsource

By Anneken Tappe, CNN Business Last year was a historic one for American jobs. A record number of workers quit their jobs while US employers had more…

ExxonMobil’s profits and revenue soar on high oil prices

February 1, 2022 7:26 AM CNN Newsource

By Chris Isidore, CNN Business In 2021, ExxonMobil posted its largest profit in seven years, as soaring energy prices added more than $100 billion in…

Here’s another thing keeping prices high: Climate change

February 1, 2022 7:20 AM CNN Newsource

By Anneken Tappe, CNN Business The pandemic economy is one of imbalances: supply chain woes and rising inflation have been with us for a while now,…

The New York Times buys popular word game Wordle

February 1, 2022 6:52 AM CNN

By Jennifer Korn, CNN Business The New York Times has acquired Wordle, the explosively popular game that gives players six chances to guess a…

The worst start to the year for stocks since 2009

February 1, 2022 6:19 AM CNN Newsource

By Julia Horowitz, CNN Business Stocks haven’t experienced a start to the year this rough in a very long time. What’s happening: After…

Aston Martin reveals a nearly 700 horsepower luxury SUV

February 1, 2022 6:03 AM CNN

By Peter Valdes-Dapena, CNN Business Aston Martin has unveiled a new version of the British luxury brand’s first SUV. Called the DBX707,…

Aston Martin reveals a nearly 700 horsepower luxury SUV

February 1, 2022 6:03 AM CNN Newsource

By Peter Valdes-Dapena, CNN Business Aston Martin has unveiled a new version of the British luxury brand’s first SUV. Called the DBX707,…

The end of ‘Londongrad?’ UK threatens to hit Russian oligarchs with sanctions

February 1, 2022 5:32 AM CNN Newsource

By Charles Riley, CNN Business The UK government has threatened to take action against Kremlin-linked oligarchs who have turned London into their…

The end of ‘Londongrad?’ UK threatens to hit Russian oligarchs with sanctions

February 1, 2022 5:32 AM CNN

By Charles Riley, CNN Business The UK government has threatened to take action against Kremlin-linked oligarchs who have turned London into their…

India wants to launch a digital rupee and tax crypto profits

February 1, 2022 3:44 AM CNN Newsource

By Diksha Madhok, CNN Business India is planning to launch a digital version of the rupee, becoming the latest country to join the rush to create…

‘Deeply disturbing.’ Rio Tinto says bullying, sexism and racism are rife at the company

February 1, 2022 2:25 AM CNN Newsource

By Michelle Toh, CNN Business Rio Tinto has found disturbing patterns of racism, sexism, harassment and sexual assault among its global workforce of…

Changes at MSNBC: New ‘Morning Joe’ hour takes shape while Rachel Maddow announces hiatus

January 31, 2022 9:17 PM CNN Newsource

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

Changes at MSNBC: New ‘Morning Joe’ hour takes shape while Rachel Maddow announces hiatus

January 31, 2022 9:03 PM CNN

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

The New York Times buys popular word game Wordle

January 31, 2022 3:36 PM CNN Newsource

By Jennifer Korn, CNN Business The New York Times has acquired Wordle, the explosively popular game that gives players six chances to guess a…

United Airlines has an answer to the pilot shortage: Its own flight school

January 31, 2022 2:50 PM CNN

By Gregory Wallace and Pete Muntean, CNN The United Aviate Academy officially opened Thursday outside Phoenix, putting the school’s first class…

United Airlines has an answer to the pilot shortage: Its own flight school

January 31, 2022 2:30 PM CNN Newsource

By Gregory Wallace and Pete Muntean, CNN The United Aviate Academy officially opened Thursday outside Phoenix, putting the school’s first class…

George Soros warns China is facing an economic crisis

January 31, 2022 1:18 PM CNN

By Charles Riley, CNN Business China is facing an economic crisis after a real estate boom ended with a bang last year, according to investor George…

Sony to acquire video game studio Bungie in $3.6 billion deal

January 31, 2022 12:30 PM CNN Newsource

By Brian Fung, CNN Business Sony is acquiring Bungie, the video game studio that created hit franchises such as “Halo” and…

George Soros warns China is facing an economic crisis

January 31, 2022 12:13 PM CNN Newsource

By Charles Riley, CNN Business China is facing an economic crisis after a real estate boom ended with a bang last year, according to investor George…

Alice, the first all-electric passenger airplane, prepares to fly

January 31, 2022 11:28 AM CNN Newsource

By Jennifer Korn, CNN Business The world’s first all-electric passenger aircraft is preparing to take flight. The Alice, a plane developed by…

This could be the biggest Super Bowl ever for online betting. Here’s why

January 31, 2022 10:20 AM CNN Newsource

By Paul R. La Monica, CNN Business The Los Angeles Rams or Cincinnati Bengals? No one knows what the outcome of the Super Bowl will be. But one thing…

Why companies are obsessing over worker pay

January 31, 2022 6:10 AM CNN Newsource

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

Why grocery prices keep surging

January 31, 2022 10:23 AM CNN Newsource

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

Joe Rogan responds to backlash from Spotify artists

January 31, 2022 9:49 AM CNN Newsource

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

Here’s who has left Spotify because of Joe Rogan

January 31, 2022 9:49 AM CNN

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

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

January 31, 2022 9:20 AM CNN Newsource

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

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

January 31, 2022 9:15 AM CNN Newsource

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

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

January 31, 2022 9:15 AM CNN

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

Everything Hershey makes is going to get more expensive

January 31, 2022 5:52 AM CNN

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

Why grocery prices keep surging

January 31, 2022 5:52 AM CNN Newsource

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

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

January 31, 2022 4:41 AM CNN

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

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

January 31, 2022 12:59 AM CNN Newsource

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

Shanghai metro sparks Covid panic with festive red QR codes

January 30, 2022 11:30 PM CNN Newsource

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

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

January 30, 2022 11:14 PM CNN Newsource

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

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

January 30, 2022 8:58 PM CNN

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

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

January 30, 2022 8:58 PM CNN Newsource

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

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

January 30, 2022 4:52 PM CNN

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

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

January 30, 2022 4:28 PM CNN Newsource

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

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

January 30, 2022 1:33 PM CNN Newsource

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

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

January 30, 2022 6:49 AM CNN Newsource

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

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

January 30, 2022 6:49 AM CNN

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

Warren Buffett is having the last laugh

January 30, 2022 5:32 AM CNN Newsource

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

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

January 30, 2022 4:13 AM CNN

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

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

January 30, 2022 4:13 AM CNN

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

Meet the superfans trying to save Tab

January 30, 2022 4:00 AM CNN Newsource

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

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

January 29, 2022 10:36 PM CNN Newsource

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

Meta pauses new users from joining analytics tool CrowdTangle

January 29, 2022 12:40 PM CNN Newsource

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

Peloton die-hards are sticking with the flailing company

January 29, 2022 2:31 AM CNN Newsource

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

Glossier lays off a third of its corporate staff

January 28, 2022 2:07 PM CNN Newsource

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

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

January 28, 2022 12:41 PM CNN Newsource

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

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

January 28, 2022 12:19 PM CNN

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

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

January 28, 2022 11:41 AM CNN Newsource

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

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

January 28, 2022 11:05 AM CNN

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

Natural gas futures surge as powerful winter storm looms

January 28, 2022 11:01 AM CNN

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

Natural gas futures surge as powerful winter storm looms

January 28, 2022 11:01 AM CNN Newsource

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

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

January 28, 2022 10:50 AM CNN Newsource

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

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

January 28, 2022 10:31 AM CNN Newsource

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

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

January 28, 2022 10:03 AM CNN Newsource

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

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

January 27, 2022 5:59 PM CNN Newsource

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

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

January 27, 2022 10:00 PM CNN

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

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

January 28, 2022 7:10 AM CNN Newsource

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

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

January 28, 2022 9:30 AM CNN

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

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

January 28, 2022 8:57 AM CNN Newsource

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

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

January 28, 2022 8:35 AM CNN Newsource

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

Consumer sentiment sinks on inflation and Omicron worries

January 28, 2022 8:29 AM CNN Newsource

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

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