Money Archives

Amazon shortens Covid paid leave time for US employees

January 7, 2022 4:35 PM CNN Newsource

By Ramishah Maruf, CNN Business Amazon is shortening its Covid-19 isolation policy to seven days from 10, for a total of up to 40 hours of paid…

In a turbulent year for theaters, Disney still won the box office

January 7, 2022 11:44 AM CNN Newsource

By Frank Pallotta, CNN Business In a turbulent year when the pandemic continued to upend the business of movie-going and streaming blockbusters at…

GameStop shares jump 20% on report it will launch NFT marketplace

January 7, 2022 11:28 AM CNN

By Ramishah Maruf, CNN Business The calendar changed, but the roller coaster ride for GameStop’s stock continues. GameStop shares jumped as…

GameStop shares jump 20% on report it will launch NFT marketplace

January 7, 2022 11:28 AM CNN Newsource

By Ramishah Maruf, CNN Business The calendar changed, but the roller coaster ride for GameStop’s stock continues. GameStop shares jumped as…

Confused about America’s job market? Don’t worry: Economists are, too

January 7, 2022 10:20 AM CNN Newsource

By Anneken Tappe, CNN Business 2021 was a historically great year for jobs. So why didn’t it feel that way? The short answers: Economists were…

Tim Cook’s compensation jumped to nearly $100 million last year

January 7, 2022 9:36 AM CNN Newsource

By Jennifer Korn Tim Cook had a very good year. Apple’s CEO received nearly $100 million in total compensation in 2021, a sixfold increase from…

Papa Johns plans to open over 1,350 stores in China

January 7, 2022 9:35 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business Papa Johns is making a big bet on China. The pizza chain plans to open over 1,350 stores in South China by…

Kanye West’s Yeezy Gap line just got a whole lot fancier

January 7, 2022 9:28 AM CNN Newsource

By Parija Kavilanz, CNN Business Kanye West is expanding his sellout Yeezy Gap line by bringing on luxury fashion powerhouse brand Balenciaga. Gap…

How millions of jobless Americans can afford to ditch work

January 7, 2022 8:56 AM CNN

By Allison Morrow and Anneken Tappe, CNN Business One of the more insidious myths this year was that young people didn’t want to work because…

Quit your job? Here’s what to do about health insurance

January 7, 2022 8:28 AM CNN Newsource

By Tami Luhby, Kathryn Vasel, CNN Business Part of this story was included in a previously published story that ran on CNN Business in November.…

Stocks fall after disappointing jobs report

January 7, 2022 7:57 AM CNN Newsource

By Paul R. La Monica, CNN Business The jobs recovery may be losing steam. But the unemployment rate continued to fall, and workers are still bringing…

People desperate for Covid tests are turning to resellers online

January 7, 2022 7:51 AM CNN Newsource

By Samantha Murphy Kelly, CNN Business When Patrick Kennedy, a nightlife performer in New York City, recently was exposed to Covid-19, he was…

Build Back Better isn’t a path to socialism. It’s an investment in our nation’s children

January 7, 2022 7:03 AM CNN Newsource

Opinion by Jim Himes for CNN Business Perspectives For far too many American children, the race is over before it really begins. Arbitrary factors…

Need a raise? Now’s the time to demand one

January 7, 2022 6:54 AM CNN

By Allison Morrow, CNN Business If you haven’t secured a raise in a while, now’s the time to make your move. Yes, inflation is high,…

Big Tech could brush off rate hikes. Startups may struggle

January 7, 2022 5:56 AM CNN Newsource

By Julia Horowitz, CNN Business Apple, Microsoft, SoFi and Coinbase all sold off sharply this week, as investors, anticipating higher interest rates,…

Big Tech could brush off rate hikes. Startups may struggle

January 7, 2022 5:56 AM CNN

By Julia Horowitz, CNN Business Apple, Microsoft, SoFi and Coinbase all sold off sharply this week, as investors, anticipating higher interest rates,…

Shoplifting is surging across America with dangerous and costly consequences

January 7, 2022 4:41 AM CNN Newsource

By Parija Kavilanz, CNN Business Retailers have always been vulnerable to shoplifting. But the emergence of coordinated and organized robberies at…

Jobs disappoint in December, but unemployment falls to 3.9%

January 7, 2022 4:27 AM CNN Newsource

By Anneken Tappe, CNN Business The US economy added 199,000 jobs in December, the Labor Department reported Friday. That was the fewest jobs added in…

Kazakhstan is huge for crypto mining. Political upheaval could jeopardize that

January 7, 2022 2:13 AM CNN Newsource

By Diksha Madhok, CNN Business Political turmoil in Kazakhstan is hitting the country’s vast bitcoin mining industry. The Central Asian nation…

Biden tells reporters on Jan. 6: ‘To heal, you have to recognize the extent of the wound’

January 6, 2022 9:38 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…

6,000 miles through 7 countries. Why companies are turning to long-haul trains

January 6, 2022 6:32 PM CNN Newsource

By Xiaofei Xu, CNN Business When the freight train pulled into view, it looked like many others at this rail hub in suburban Paris. But one thing…

Pocatello location among 37 Bed Bath & Beyond stores closing

January 6, 2022 10:11 AM CNN Newsource

Bed Bath & Beyond revealed the locations of 37 of the approximately 200 stores it plans close by the end of this…

Conspiracy, deflection, and mockery: How right-wing media is marking the January 6 anniversary

January 6, 2022 12:27 PM CNN Newsource

By Oliver Darcy, CNN Business On the one-year anniversary of the January 6 insurrection, some of the most powerful forces in right-wing media…

Quit your job? Here’s what to do with your 401(k)

January 6, 2022 8:30 AM CNN Newsource

By Jeanne Sahadi, CNN Business Millions of people have decided to quit their jobs. If you’re one of them, you’ll have a lot to wrap up…

This color-changing concept BMW will mess with your head

January 6, 2022 10:41 AM CNN

By Peter Valdes-Dapena, CNN Business The BMW Flow electric SUV concept can change hues at the press of a button, going from white to gray or black…

Mortgage rates just climbed past 2021 levels

January 6, 2022 11:10 AM CNN Newsource

By Anna Bahney, CNN Business Mortgage rates started off 2022 with a bang, as the average rate moved higher than at any point last year. The 30-year…

Airlines cancel another 1,600 flights, citing worker coronavirus cases

January 6, 2022 10:41 AM CNN Newsource

By Pete Muntean, CNN Business Airlines continue to cancel and delay flights by the thousands as their operations struggle with an untold number of…

On the anniversary of January 6, social media platforms are on high alert

January 6, 2022 10:20 AM CNN Newsource

By Clare Duffy, CNN Business January 6 was a clear turning point for major social media companies — proving that they would, under certain…

On the anniversary of January 6, social media platforms are on high alert

January 6, 2022 10:20 AM CNN

By Clare Duffy, CNN Business January 6 was a clear turning point for major social media companies — proving that they would, under certain…

This color-changing concept BMW will mess with your head

January 6, 2022 10:14 AM CNN Newsource

By Peter Valdes-Dapena, CNN Business The BMW Flow electric SUV concept can change hues at the press of a button, going from white to gray or black…

These 37 Bed Bath & Beyond stores are closing

January 6, 2022 7:54 AM CNN Newsource

By Jordan Valinsky, CNN Business Bed Bath & Beyond revealed the locations of 37 of the approximately 200 stores it plans close in the coming…

There were 2 winning tickets sold in Wednesday’s $632.6 million Powerball drawing

January 6, 2022 7:36 AM CNN

By Kelly McCleary, CNN Two lucky lotto players will find themselves in a new tax bracket in 2022 after hitting the $632.6 million jackpot in…

One of Coke’s most-popular sodas is becoming a boozy beverage

January 6, 2022 7:30 AM CNN Newsource

By Jordan Valinsky, CNN Business Coca-Cola is tapping into the canned cocktail craze with a boozy version of its Fresca soda. In a partnership…

Hoda Kotb, host of NBC’s ‘Today,’ tests positive for Covid-19

January 6, 2022 7:26 AM CNN Newsource

By Frank Pallotta, CNN Business After hosts of NBC’s late night shows were hit with Covid, the network’s morning show had a host of its…

Omicron hasn’t stopped the jobs recovery — yet

January 6, 2022 6:45 AM CNN Newsource

By Anneken Tappe, CNN Business America closed out 2021 with strong jobs gains, economists predict. But just days into the new year, the Omicron…

Americans are tired of Covid and ready to spend

January 6, 2022 6:25 AM CNN Newsource

By Alicia Wallace, CNN Business The Omicron variant may be hurtling the labor market, hospitals, travel and in-person events into states of upheaval,…

What’s next for supply chains after the holiday rush

January 6, 2022 6:24 AM CNN Newsource

By Julia Horowitz, CNN Business Retailers can breathe a sigh of relief now that the Christmas holiday is over, capping months of laborious planning…

Taco Bell is selling a $10 monthly taco subscription

January 6, 2022 6:00 AM CNN Newsource

By Jordan Valinsky, CNN Business Taco Bell is rolling out what’s arguably the tastiest subscription service yet: daily tacos. For $10 a month,…

What it was like to be in the courtroom for Elizabeth Holmes’ fraud trial

January 6, 2022 5:36 AM CNN Newsource

By Sara Ashley O’Brien, CNN Business Inside the San Jose federal courtroom, I shifted my body forward and from side to side trying to watch…

America calls out sick

January 6, 2022 4:33 AM CNN Newsource

By Nathaniel Meyersohn and Danielle Wiener-Bronner, CNN Business Montclair Bread Co. closed last weekend after a quarter of the staff tested positive…

Chinese Premier Li Keqiang urges more tax cuts to boost China’s slowing economy

January 6, 2022 12:37 AM CNN Newsource

By Laura He, CNN Business A top Chinese official this week called for more tax cuts as the world’s second largest economy contends with fallout…

Global stocks drop after a rough day on Wall Street

January 6, 2022 12:24 AM CNN Newsource

By Michelle Toh and Charles Riley, CNN Business Global stock markets retreated Thursday after the Federal Reserve sparked a major sell-off on Wall…

Conspiracy, deflection, and mockery: How right-wing media is marking the January 6 anniversary

January 5, 2022 9:44 PM CNN

By Oliver Darcy, CNN Business On the one-year anniversary of the January 6 insurrection, some of the most powerful forces in right-wing media…

Fourteen recommended reads about January 6 and ‘what will likely come next’

January 5, 2022 9:44 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…

Do you feel lucky? Powerball jackpot reaches $630 million

January 5, 2022 12:17 PM CNN Newsource

By Jay Croft, CNN Hey, somebody’s gotta win it sometime, right? And Powerball ticket sales are soaring across the country, officials say…

Stocks slide as Federal Reserve confirms its foot is on the stimulus brakes

January 5, 2022 2:38 PM CNN Newsource

By Anneken Tappe, CNN Business Wall Street ended Wednesday’s session sharply lower, as investors dealt with Omicron headlines as well as the…

Stocks slide as Federal Reserve confirms its foot is on the stimulus brakes

January 5, 2022 2:38 PM CNN

By Anneken Tappe, CNN Business Wall Street ended Wednesday’s session sharply lower, as investors dealt with Omicron headlines as well as the…

Global stocks drop after a rough day on Wall Street

January 5, 2022 1:45 PM CNN

By Michelle Toh and Charles Riley, CNN Business Global stock markets retreated Thursday after the Federal Reserve sparked a major sell-off on Wall…

GM says it’s aiming to sell you a self-driving car by middle of this decade

January 5, 2022 1:45 PM CNN Newsource

By Matt McFarland, CNN Business General Motors CEO Mary Barra said Wednesday during CES that the automaker hopes to sell self-driving cars to…

Union supporters walk out at Buffalo Starbucks, citing health concerns

January 5, 2022 1:11 PM CNN Newsource

By Chris Isidore, CNN Business Six employees at a Buffalo Starbucks that recently voted to join a union walked out just before 9 am Wednesday citing…

Stellantis, Jeep’s parent company, is teaming up with Amazon

January 5, 2022 12:41 PM CNN Newsource

By Peter Valdes-Dapena, CNN Business Stellantis, the international automaker that owns brands like Jeep, Chrysler, Fiat, Ram and Peugeot, has entered…

First on CNN: Bank of America’s plan to get workers boosted: $100 donations for hunger relief

January 5, 2022 12:30 PM CNN Newsource

By Matt Egan, CNN Business Bank of America promised on Wednesday to donate $100 towards hunger relief for each US employee who shows proof of getting…

NASA’s first Artemis moon mission will have a virtual astronaut: Amazon’s Alexa

January 5, 2022 11:37 AM CNN Newsource

By Jackie Wattles, CNN Business NASA’s Artemis 1 mission, slated for take off as soon as this March, aims to send an Orion spacecraft around…

Meghan, Duchess of Sussex to receive confidential sum from UK newspaper for copyright infringement

January 5, 2022 11:09 AM CNN Newsource

By Niamh Kennedy, CNN Meghan, Duchess of Sussex will receive a confidential sum from the Mail on Sunday for infringement of copyright as her lengthy…

NASA’s first Artemis moon mission will have a virtual astronaut: Amazon’s Alexa

January 5, 2022 11:09 AM CNN

By Jackie Wattles, CNN Business NASA’s Artemis 1 mission, slated for take off as soon as this March, aims to send an Orion spacecraft around…

GM unveils electric Chevrolet Silverado with 400 miles of range

January 5, 2022 10:48 AM CNN

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

Warren, Jayapal blast Google over efforts to “bully” and “sideline” DOJ’s top antitrust official

January 5, 2022 10:45 AM CNN Newsource

By Brian Fung, CNN Business Google must stop attempting to intimidate US antitrust enforcers at the Justice Department, according to two…

Here’s how US lawmakers could finally rein in Facebook

January 5, 2022 10:45 AM CNN

By Clare Duffy, CNN Business “Change is going to come. No question.” “We are serious about taking action.”…

Goldman Sachs predicts bitcoin could hit $100,000

January 5, 2022 10:40 AM CNN Newsource

By Paul R. La Monica, CNN Business Bitcoin prices have pulled back lately — but Goldman Sachs still sees strong gains ahead in the coming years.…

How to get in on the real estate boom without actually buying a house

January 5, 2022 10:38 AM CNN Newsource

By Anna Bahney, CNN Business For many people, buying a home just wasn’t in the cards this year. There were too few homes for sale that were too…

Stocks fall after disappointing jobs report

January 5, 2022 10:36 AM CNN

By Paul R. La Monica, CNN Business The jobs recovery may be losing steam. But the unemployment rate continued to fall, and workers are still bringing…

Nikola drops $2 billion patent infringement suit against Tesla

January 5, 2022 10:30 AM CNN Newsource

By Chris Isidore, CNN Business Upstart electric truck maker Nikola is dropping its $2 billion patent infringement lawsuit against Tesla in which it…

GM unveils electric Chevrolet Silverado with 400 miles of range

January 5, 2022 10:29 AM CNN Newsource

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

Walmart doubles down on delivering groceries straight into your fridge

January 5, 2022 10:22 AM CNN Newsource

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

Two more major financial companies urge workers to stay at home

January 5, 2022 9:34 AM CNN Newsource

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

US becomes world’s top exporter of liquified natural gas

January 5, 2022 8:56 AM CNN Newsource

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

This key jobs report for December just dwarfed expectations

January 5, 2022 6:23 AM CNN Newsource

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

Sony is gearing up to make an electric car

January 5, 2022 6:07 AM CNN

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

Sony is gearing up to make an electric car

January 5, 2022 6:07 AM CNN Newsource

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

Wall Street is learning to live with big risks

January 5, 2022 5:55 AM CNN Newsource

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

Here’s who to blame for airlines’ cancellation chaos

January 5, 2022 4:42 AM CNN Newsource

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

China Mobile holds massive Chinese listing after leaving Wall Street

January 5, 2022 12:27 AM CNN Newsource

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

Walmart doubles down on delivering groceries straight into your fridge

January 4, 2022 10:41 PM CNN

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

Walmart doubles down on delivering groceries straight into your fridge

January 4, 2022 10:41 PM CNN Newsource

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

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

January 4, 2022 10:02 PM CNN Newsource

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

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

January 4, 2022 8:41 PM CNN

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

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

January 4, 2022 8:41 PM CNN Newsource

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

Elizabeth Holmes sentencing hearing set for September 26

January 4, 2022 5:13 PM CNN

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

What’s next for Elizabeth Holmes?

January 4, 2022 4:28 PM CNN Newsource

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

Port of Los Angeles traffic sets record in 2021

January 4, 2022 4:00 PM CNN Newsource

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

COVID-19 rapid test prices are going up

January 4, 2022 4:14 PM CNN Newsource

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

Charlie Munger must really, really like China’s Alibaba

January 4, 2022 3:17 PM CNN Newsource

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

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

January 4, 2022 3:05 PM CNN Newsource

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

Covid rapid test prices are going up

January 4, 2022 2:42 PM CNN Newsource

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

Covid rapid test prices are going up

January 4, 2022 2:42 PM CNN

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

Two more major financial companies urge workers to stay at home

January 4, 2022 1:48 PM CNN

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

Fanatics buying Topps trading card business for $500 million

January 4, 2022 12:48 PM CNN Newsource

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

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

January 4, 2022 12:06 PM CNN Newsource

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

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

January 4, 2022 11:04 AM CNN Newsource

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

The stock market sure is acting strangely

January 4, 2022 10:44 AM CNN Newsource

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

3 key takeaways from the Elizabeth Holmes verdict

January 4, 2022 10:39 AM CNN

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

3 key takeaways from the Elizabeth Holmes verdict

January 4, 2022 10:39 AM CNN Newsource

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

Classic BlackBerry phones stop working today

January 4, 2022 8:16 AM CNN Newsource

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

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

January 4, 2022 10:23 AM CNN Newsource

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

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

January 4, 2022 7:53 AM CNN Newsource

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

A record 4.5 million Americans quit their jobs in November

January 4, 2022 8:22 AM CNN Newsource

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

Crystal Pepsi is back

January 4, 2022 10:00 AM CNN Newsource

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

A record 4.5 million Americans quit their jobs in November

January 4, 2022 9:34 AM CNN

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

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

January 4, 2022 8:51 AM CNN Newsource

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

Classic BlackBerry phones stop working today

January 4, 2022 8:16 AM CNN

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