Money Archives

Child care workers are vanishing and it’s hurting the entire economy

January 28, 2022 6:18 AM CNN Newsource

By Alicia Wallace, CNN Business Since losing one-third of its workforce at the outset of the pandemic, the child care industry has seen a jobs…

A jump in factory fires is dangerous for the people who work there – and the supply chain

January 28, 2022 6:07 AM CNN Newsource

By Parija Kavilanz, CNN Business The unraveling of the global supply chain has been blamed on a multitude of factors — the pandemic, labor and raw…

Exclusive: Taco Bell favorite Mountain Dew Baja Blast is going boozy

January 28, 2022 6:01 AM CNN Newsource

By Jordan Valinsky, CNN Business Mountain Dew’s Baja Blast, the beloved tropical lime-flavored beverage that originated at Taco Bell, is being…

UniCredit was thinking of buying a Russian bank. Not any more

January 28, 2022 5:58 AM CNN Newsource

By Anna Cooban, CNN Business UniCredit has dropped a potential bid for a Russian state-owned bank because of the escalating crisis over Ukraine. CEO…

Tensions with Russia worry former US astronauts about the partnership in space

January 28, 2022 4:30 AM CNN Newsource

By Kristin Fisher, CNN The International Space Station has transcended terrestrial political troubles between the United States and Russia for more…

How last week’s 5G deployment went so wrong

January 28, 2022 4:30 AM CNN

By Brian Fung, CNN Business From canceled flights to dire warnings of a stalled shipping economy, this was not how the rollout of 5G networks was…

How last week’s 5G deployment went so wrong

January 28, 2022 4:30 AM CNN Newsource

By Brian Fung, CNN Business From canceled flights to dire warnings of a stalled shipping economy, this was not how the rollout of 5G networks was…

UK companies told to bolster defenses against Russian cyberattacks

January 28, 2022 4:10 AM CNN Newsource

By Charles Riley, CNN Business UK companies and organizations have been urged to bolster their defenses against potential Russian cyberattacks as…

UK companies told to bolster defenses against Russian cyberattacks

January 28, 2022 4:10 AM CNN

By Charles Riley, CNN Business UK companies and organizations have been urged to bolster their defenses against potential Russian cyberattacks as…

Google is investing another $1 billion in India’s smartphone market

January 28, 2022 2:33 AM CNN Newsource

By Diksha Madhok, CNN Business Google is investing up to $1 billion in a major Indian telecom company, a move it hopes will drive down the cost of…

After more than 600 days shut out, Delhi’s students just want to go back to school

January 28, 2022 2:05 AM CNN

By Rhea Mogul and Vedika Sud, CNN Dharini Mathur’s son had just turned 4 when he started pre-school online. More than 600 days later, he still…

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

January 27, 2022 10:00 PM CNN Newsource

By Michelle Toh and Selina Wang, CNN Business Sponsors of the Olympics are walking a tightrope ahead of the Beijing Winter Games next month as…

Telecom regulator blocks China Unicom from US market

January 27, 2022 8:56 PM CNN Newsource

By Brian Fung and Laura He, CNN Business The Federal Communications Commission on Thursday voted to ban China Unicom, a state-owned Chinese…

Local TV journalists voice concerns about one-man-band reporting

January 27, 2022 8:38 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…

After more than 600 days shut out, Delhi’s students just want to go back to school

January 27, 2022 6:27 PM CNN Newsource

By Rhea Mogul and Vedika Sud, CNN Dharini Mathur’s son had just turned 4 when he started pre-school online. More than 600 days later, he still…

Apple posted record holiday quarter sales despite supply constraints

January 27, 2022 3:57 PM CNN Newsource

By Samantha Murphy Kelly, CNN Business Apple posted record revenue during the all-important holiday quarter even as it continued to grapple with…

Gold is shining again as stocks wobble and cryptos melt down

January 27, 2022 12:31 PM CNN Newsource

By Paul R. La Monica, CNN Business Stocks have slumped this year. So has bitcoin. But gold, by comparison, has had a fairly solid start to the year.…

Gold is shining again as stocks wobble and cryptos melt down

January 27, 2022 11:55 AM CNN

By Paul R. La Monica, CNN Business Stocks have slumped this year. So has bitcoin. But gold, by comparison, has had a fairly solid start to the year.…

Rate hikes are coming: What does that mean for you?

January 27, 2022 11:02 AM CNN Newsource

By Matt Egan, CNN Business The Covid era of free money is coming to an end. After dropping interest rates to zero in March 2020 to revive the…

McDonald’s sales haven’t been this good since Bill Clinton was president

January 27, 2022 6:26 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business Higher prices and chicken sandwiches are helping boost McDonald’s sales. But earnings disappointed…

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

January 27, 2022 6:05 AM CNN

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

Pizza Hut is selling its spiciest pizza ever

January 26, 2022 10:02 PM CNN Newsource

By Jordan Valinsky, CNN Business Pizza Hut is hopping on the spicy food trend. Beginning Thursday, it’s rolling out the “Spicy…

Inflation? Omicron? Americans shopped right through it all

January 27, 2022 10:28 AM CNN Newsource

By Allison Morrow, CNN Business Editor’s Note: This story is part of CNN Business’ Nightcap newsletter. To get it in your inbox, sign up…

What the stock market will never get about rate hikes

January 27, 2022 10:23 AM CNN Newsource

By Paul R. La Monica, CNN Business The Federal Reserve may have a playbook for how it plans to tackle inflation and keep the economy humming along.…

Warren Buffett is having the last laugh

January 27, 2022 9:36 AM CNN

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…

Stock rally peters out again

January 27, 2022 9:36 AM CNN Newsource

By Anneken Tappe, CNN Business Thursday’s stock market rally didn’t last long. The major indexes gave back sharp gains from earlier in…

These companies decided to go fully remote — permanently

January 27, 2022 9:35 AM CNN Newsource

Kathryn Vasel, CNN Business As the pandemic heads into yet another year, companies are still grappling with uncertainty in the workplace. Many have…

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

January 27, 2022 7:21 AM CNN

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

The government has a talent problem. This bill could help change that

January 27, 2022 6:53 AM CNN Newsource

Opinion by Gerry Connolly for CNN Business Perspectives Our workforce is the lifeblood of the US federal government. Without individuals committed to…

Microsoft makes a big bet that it can fix Activision Blizzard’s troubled culture

January 27, 2022 6:49 AM CNN Newsource

By Sara Ashley O’Brien, CNN Business Microsoft’s nearly $70 billion deal to buy Activision Blizzard could make it a leader in gaming. But…

The economy boomed in Biden’s first year. His second will be harder

January 27, 2022 6:32 AM CNN Newsource

By Anneken Tappe, CNN Business The US economic recovery from the depths of the Covid pandemic continued through the end of last year. But the strong…

Forget Zoom school. For some students, class is in session in VR

January 27, 2022 6:21 AM CNN Newsource

By Rachel Metz, CNN Business Jeremy Bailenson has studied virtual reality for decades. But it wasn’t until last year that the Stanford…

The investors who aren’t panicking

January 27, 2022 6:07 AM CNN Newsource

By Julia Horowitz, CNN Business The stock market has been jolted by indications the Federal Reserve will move to aggressively raise interest rates to…

Bud Light’s first-ever zero-carb beer hits shelves next week

January 27, 2022 6:05 AM CNN Newsource

By Jordan Valinsky and John General, CNN Bud Light Next, the first zero-carb beer from Anheuser-Busch, is hitting shelves next week. The new beer…

Southwest returns to profitability

January 27, 2022 5:18 AM CNN Newsource

By Chris Isidore, CNN Business Southwest Airlines reported its first quarterly operating profit since the start of the pandemic. Still, when…

Apple is back on top in smartphone sales worldwide after a record win in China

January 27, 2022 1:35 AM CNN Newsource

By Michelle Toh, CNN Business Apple has once again become the top-selling smartphone brand in top market China, along with the rest of the world.…

Global markets retreat after Fed signals rate hikes are coming soon

January 26, 2022 9:54 PM CNN Newsource

By Laura He, CNN Business Global stock markets dropped Thursday after the US Federal Reserve signaled it that will move quickly to hike interest…

Anxiety and anger grip press corps in Mexico after spate of murders

January 26, 2022 9:19 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…

Amazon faces possible union election at New York warehouse

January 26, 2022 5:38 PM CNN Newsource

By Sara Ashley O’Brien, CNN Business Workers at an Amazon warehouse in Staten Island have shown enough support to hold a union election, the…

Gates Foundation adds board members following Bill and Melinda’s divorce

January 26, 2022 3:23 PM CNN Newsource

By Jennifer Korn, CNN Business The Bill and Melinda Gates Foundation named four new members to its board of trustees on Wednesday, marking the first…

Rents rose five times faster in 2021 than 2020

January 26, 2022 3:01 PM CNN Newsource

By Anna Bahney, CNN Business Rents are continuing to rise across the US. The cost of rent, on average, was 10.1% higher in 2021 than in 2020, growing…

Tesla reports record profit, but warns of continued supply chain issues

January 26, 2022 2:26 PM CNN Newsource

By Chris Isidore, CNN Business Tesla shook off supply chain issues to more than triple earnings from year-ago results, easily topping Wall…

Rate hikes are coming: What does that mean for you?

January 26, 2022 2:00 PM CNN

By Matt Egan, CNN Business The Covid era of free money is coming to an end. After dropping interest rates to zero in March 2020 to revive the…

Double-decker highways are back. But they’re not going to solve traffic jams

January 26, 2022 1:17 PM CNN Newsource

By Matt McFarland, CNN Business Frederica Wilson, the US Congresswoman representing much of Miami, says she must leave home by 6:30 a.m. to beat…

The Fed is getting ready to raise interest rates

January 26, 2022 12:22 PM CNN Newsource

By Anneken Tappe, CNN Business The Federal Reserve is getting ready to raise interest rates, the central bank said in its monetary policy update…

Climate change is coming for our coffee

January 26, 2022 12:07 PM CNN Newsource

By Danielle Wiener-Bronner, CNN Business Bad news for coffee lovers: Climate change will make it much harder to grow Arabica coffee in the coming…

Million-dollar Idaho lottery prize still unclaimed

January 26, 2022 11:48 AM News Team

Winners of this year’s Idaho Raffle have yet to cash-in on their…

Surging food prices are hurting those who can least afford it. This is what needs to happen

January 26, 2022 10:32 AM CNN Newsource

Prices are rising for nearly everything, biting into everyone’s…

McDonald’s is selling fan-made menu hacks

January 26, 2022 7:00 AM CNN Newsource

By Jordan Valinsky, CNN Business McDonald’s fans have long been creating menu hacks like using hash browns as a bun. Now the chain is putting…

Wordle-spoiling bot taken down by Twitter

January 26, 2022 7:36 AM CNN Newsource

By Jordan Valinsky, CNN Business Twitter has suspended an annoying bot that automatically responded with the next day’s solution when people…

Disney Princess toys and Frozen characters are coming back to Mattel

January 26, 2022 8:38 AM CNN Newsource

By Paul R. La Monica, CNN Business It’s a magical world again for Mattel. The toy company won back the rights to make dolls based on…

The pandemic has been great for electric car sales

January 26, 2022 9:07 AM CNN Newsource

By Anna Cooban, CNN Business Electric vehicles grabbed a much bigger share of the global car market last year as sales more than doubled despite…

What is SWIFT and why it might be the weapon Russia fears most

January 26, 2022 9:43 AM CNN

By Charles Riley, CNN Business Some are calling it the “nuclear option.” As Western governments threaten Russia with a package of…

Exclusive: Oscar Mayer hot dogs and Velveeta cheese will get more expensive

January 26, 2022 9:38 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business The makers of top food and consumer goods brands plan to raise prices in the spring, dashing shoppers’…

What is SWIFT and why it might be the weapon Russia fears most

January 26, 2022 9:27 AM CNN Newsource

By Charles Riley, CNN Business Some are calling it the “nuclear option.” As Western governments threaten Russia with a package of…

The Buick Roadmaster Tom Cruise drove in ‘Rain Man’ is up for sale

January 26, 2022 8:41 AM CNN

By Peter Valdes-Dapena, CNN Business It wasn’t exactly “The Fast and the Furious” — pretty much the opposite — but the 1988…

The Buick Roadmaster Tom Cruise drove in ‘Rain Man’ is up for sale

January 26, 2022 8:36 AM CNN Newsource

By Peter Valdes-Dapena, CNN Business It wasn’t exactly “The Fast and the Furious” — pretty much the opposite — but the 1988…

Wynn Resorts wants to bring ‘gaming’ to the UAE

January 26, 2022 7:59 AM CNN Newsource

By Celine Alkhaldi, Eoin McSweeney and Hamzeh Noami, CNN Casino operator Wynn Resorts has inked a deal to build a luxury resort in Ras Al Khaimah in…

A year after GameStop mania, meme stocks have tumbled

January 26, 2022 7:44 AM CNN

By Paul R. La Monica, CNN Business It’s been a little more than a year since the meme mania in GameStop began. It’s shaped up to be, to…

Wordle-spoiling bot taken down by Twitter

January 26, 2022 7:36 AM CNN

By Jordan Valinsky, CNN Business Twitter has suspended an annoying bot that automatically responded with the next day’s solution when people…

Surging food prices are hurting those who can least afford it. This is what needs to happen

January 26, 2022 6:59 AM CNN Newsource

Opinion by Dana Peterson for CNN Business Perspectives Prices are rising for nearly everything, biting into everyone’s income. But the surging…

Most major employers are keeping vaccine mandate for workers, despite Supreme Court ruling

January 26, 2022 6:24 AM CNN Newsource

By Chris Isidore, CNN Business Many major employers are going ahead with policies to require employees to take steps to combat Covid-19, even if the…

Rate hikes have been good for stocks. This time might be different

January 26, 2022 6:18 AM CNN Newsource

By Julia Horowitz, CNN Business The market has churned intensely this week as investors get to grips with expectations that the Federal Reserve will…

Boeing posts massive charge for 787 Dreamliner problems, sending losses soaring

January 26, 2022 6:11 AM CNN Newsource

By Chris Isidore, CNN Business Boeing took nearly $4 billion in charges related to problems it had with its 787 Dreamliner, causing losses to soar…

Apple posted record holiday quarter sales despite supply constraints

January 26, 2022 6:04 AM CNN

By Samantha Murphy Kelly, CNN Business Apple posted record revenue during the all-important holiday quarter even as it continued to grapple with…

It sure looks like GM is about to pull the plug on the Bolt

January 26, 2022 5:38 AM CNN Newsource

By Chris Isidore, CNN Business Time could be running out for the Chevrolet Bolt, the electric vehicle that only five years ago was positioned as…

A year after GameStop mania, meme stocks have tumbled

January 26, 2022 4:52 AM CNN Newsource

By Paul R. La Monica, CNN Business It’s been a little more than a year since the meme mania in GameStop began. It’s shaped up to be, to…

Why economists believe 2021 ended on a high note despite Omicron

January 26, 2022 4:31 AM CNN Newsource

By Anneken Tappe, CNN Business The Omicron variant put America’s recovery through the ringer. But the post-Thanksgiving timing may mean the…

‘Fight Club’ has a new ending in China. And this time, the authorities win

January 26, 2022 1:05 AM CNN Newsource

By Nectar Gan and CNN’s Beijing Bureau, CNN Business More than two decades after its release, “Fight Club” has been given a very…

China pledges ‘purification’ of the internet ahead of the Beijing Winter Olympics and the Lunar New Year

January 26, 2022 12:23 AM CNN Newsource

By Laura He, CNN Business China’s top cybersecurity regulator is vowing to crack down on “illegal” online content as part of a…

Tim Cook allegedly stalked by woman who trespassed and sent photos of a loaded gun

January 25, 2022 4:17 PM CNN Newsource

By Samantha Murphy Kelly, CNN Business Apple has been granted a restraining order against a woman who allegedly threatened, harassed and stalked CEO…

Some manufacturers have less than 5 days’ supply of computer chips, Commerce Department warns

January 25, 2022 3:08 PM CNN Newsource

By Clare Duffy, CNN Business Some manufacturers that rely on semiconductors are down to less than five days’ worth of inventory, according to a…

What the stock market will never get about rate hikes

January 25, 2022 2:05 PM CNN

By Paul R. La Monica, CNN Business The Federal Reserve may have a playbook for how it plans to tackle inflation and keep the economy humming along.…

Johnson & Johnson expects its Covid vaccine sales to surge — but still lag its rivals

January 25, 2022 2:04 PM CNN Newsource

By Chris Isidore, CNN Business Johnson & Johnson, the world’s largest health care products company, reported that sales of its Covid…

IMF slashes US and China growth forecasts

January 25, 2022 1:03 PM CNN

By Julia Horowitz, CNN Business The pandemic will continue to stoke uncertainty and inflation in its third year, undermining the global recovery from…

Flying car cleared for takeoff, but you’ll need a pilot’s license

January 25, 2022 12:27 PM CNN Newsource

A car that can transform into a small aircraft has passed flights tests with flying colors in Slovakia, developers…

First on CNN: Bank of America is giving workers $1 billion of stock

January 25, 2022 12:20 PM CNN Newsource

By Matt Egan, CNN Business Bank of America is handing out $1 billion worth of restricted stock to virtually its entire workforce as the bank seeks to…

Flying car cleared for takeoff, but you’ll need a pilot’s license

January 25, 2022 11:47 AM CNN

By Robert North, Radina Gigova and Sana Noor Haq, CNN A car that can transform into a small aircraft has passed flights tests with flying colors in…

Flying car cleared for takeoff, but you’ll need a pilot’s license

January 25, 2022 10:39 AM CNN Newsource

By Robert North, Radina Gigova and Sana Noor Haq, CNN A car that can transform into a small aircraft has passed flights tests with flying colors in…

43 million viewers make Bills-Chiefs most-watched TV event since last year’s Super Bowl

January 25, 2022 10:31 AM CNN Newsource

By Brian Stelter, CNN Business None of the headwinds facing legacy broadcast television are strong enough to stop the NFL right now. This past…

These 4 states have fully regained the jobs lost during the pandemic

January 25, 2022 10:06 AM CNN Newsource

America’s job market hasn’t fully recovered yet. But some states are already back to…

The 2021 tax filing season has begun. Here’s what you need to know

January 25, 2022 10:19 AM CNN Newsource

The federal tax filing season has…

AmEx stock soars nearly 10% as customers go on spending spree

January 25, 2022 8:04 AM CNN Newsource

By Paul R. La Monica, CNN Business American Express customers clearly didn’t leave home without their credit cards when they went shopping this…

Stocks finish lower, dashing hopes for a turnaround Tuesday

January 25, 2022 7:32 AM CNN Newsource

By Anneken Tappe, CNN Business Investors better fasten their seat belts because there’s no sign of volatility letting up on Wall Street. Stocks…

Home prices are starting to lose steam

January 25, 2022 7:26 AM CNN Newsource

By Anna Bahney Overheated home prices continue to show signs of cooling off a bit. Home prices rose 18.8% year-over-year in November, according to…

Starbucks is launching an energy drink

January 25, 2022 7:11 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business Starbucks is giving customers new ways to perk up: a line of energy drinks called Starbucks Baya Energy and…

IMF slashes US and China growth forecasts

January 25, 2022 7:01 AM CNN Newsource

By Julia Horowitz, CNN Business The pandemic will continue to stoke uncertainty and inflation in its third year, undermining the global recovery from…

The 2021 tax filing season has begun. Here’s what you need to know

January 25, 2022 6:40 AM CNN

By Jeanne Sahadi, CNN Business The federal tax filing season has begun. And it’s going to be tough sledding for the IRS — and for some…

Sarah Palin allegedly flouted Covid-19 rules by dining indoors unvaccinated ahead of trial

January 25, 2022 6:31 AM CNN Newsource

By Sonia Moghe, CNN A Manhattan restaurant is looking into its enforcement of vaccine requirements for indoor dining, after Sarah Palin allegedly…

Get ready for more wild swings. Volatile markets are back

January 25, 2022 6:20 AM CNN Newsource

By Julia Horowitz, CNN Business After a long period of calm, market volatility has returned in dramatic fashion. What’s happening: US stock…

Elon Musk is about to get a lot richer

January 25, 2022 5:51 AM CNN Newsource

By Chris Isidore, CNN Business It’s been a rough start to 2022 for the world’s richest person. He’s not too worried, though. Elon…

Exclusive: Simply Lemonade is becoming a boozy beverage

January 25, 2022 5:35 AM CNN Newsource

By Jordan Valinsky, CNN Business Coca-Cola is turning another one of its drinks into an alcoholic alternative. It’s the company’s third…

Unilever cuts 1,500 management jobs in global overhaul

January 25, 2022 5:30 AM CNN Newsource

By Anna Cooban, CNN Business Unilever is cutting 1,500 management jobs around the world as the consumer goods giant comes under intense pressure from…

These 4 states have fully regained the jobs lost during the pandemic

January 25, 2022 4:25 AM CNN Newsource

By Anneken Tappe, CNN Business America’s job market hasn’t fully recovered yet. But some states are already back to normal. In November,…

Bob Dylan sells his entire catalog of recorded music to Sony Music

January 25, 2022 3:06 AM CNN Newsource

By Diksha Madhok, CNN Business Bob Dylan has sold his entire catalog of recorded music to Sony Music. The recording company described the deal for 60…

How Putin’s $11 billion pipeline split NATO and the EU at a time of crisis

January 24, 2022 10:38 PM CNN Newsource

By Ivana Kottasová, CNN An undersea pipeline set to deliver gas from Russia to Germany has become exactly what the two countries have always…

How Putin’s $11 billion pipeline split NATO and the EU at a time of crisis

January 24, 2022 10:00 PM CNN

By Ivana Kottasová, CNN An undersea pipeline set to deliver gas from Russia to Germany has become exactly what the two countries have always…

Global stocks mixed as investors worry about Russia-Ukraine tensions and upcoming Fed plans

January 24, 2022 9:49 PM CNN Newsource

By Michelle Toh, CNN Business Global stocks were mixed Tuesday, after a dramatically volatile day on Wall Street fueled by concerns over the US…

Anxiety and anger grip press corps in Mexico after spate of murders

January 24, 2022 9:21 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…

Brian Williams turns down CBS News’ attempt to recruit him for the ‘Evening News’

January 24, 2022 9:21 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…

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