MacKenzie Scott announces another $2 billion in donations
By Ramishah Maruf, CNN Business Billionaire philanthropist MacKenzie Scott has donated almost $2 billion to more than 300 organizations in the last…
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A third railroad union rejects proposed contract, further raising the odds of a strike
By Chris Isidore and Vanessa Yurkevich, CNN Business A third railroad union has rejected a tentative labor deal, a move that further raises the odds…
Continue Reading Customers who trusted crypto giant FTX may be left with nothing
By Allison Morrow, CNN Business As the dust settles from one of the most shocking financial implosions in history, one of the key unknowns is how…
Continue Reading Amazon CEO explains thinking behind layoffs as unionized warehouse workers protest outside
By Catherine Thorbecke, CNN Business Amazon CEO Andy Jassy on Wednesday said an “uncertain” economy pushed the e-commerce giant to move…
Continue Reading Slower pace of rate increases could be coming ‘soon,’ says Fed vice chair
By Alicia Wallace, CNN Business It could soon be time for the Federal Reserve to ease up on its super-sized rate interest hikes, according to the…
Continue Reading New York Times: Amazon plans to lay off thousands of employees
By Catherine Thorbecke, CNN Business Amazon is planning to lay off some 10,000 employees in corporate and technology jobs, the New York Times…
Continue Reading FTX’s Bahamas unit files for bankruptcy in New York
By Chris Isidore, CNN Business FTX Digital Markets, the Bahamas-based unit of the recently collapsed cryptocurrency trading platform, has filed for…
Continue Reading Google agrees to $392 million settlement with 40 states over location tracking practices
By Jennifer Korn, CNN Business Google has agreed to a record $391.5 million settlement with 40 states for allegedly misleading consumers over its…
Continue Reading Google agrees to $392 million settlement with 40 states over location tracking practices
By Jennifer Korn, CNN Business Google has agreed to a record $391.5 million settlement with 40 states for allegedly misleading consumers over its…
Continue Reading Crypto is in crisis. It’s not just because of FTX
By Nicole Goodkind, CNN Business The stunning downfall of FTX, one of the largest cryptocurrency exchanges, sent shockwaves through the crypto…
Continue Reading Jeff Bezos’ top tips for managing the economic downturn
By Brian Fung, CNN Business Amazon founder Jeff Bezos recently warned consumers and businesses they should consider postponing large purchases in the…
Continue Reading Why Planet Fitness hasn’t raised its $10 monthly gym price in 30 years
By Nathaniel Meyersohn, CNN Business A gym membership in the United States typically costs around $50 a month. Boutique gyms and high-intensity…
Continue Reading It’s a terrible time to buy a house. Here’s what to know if you have to do it anyway
By Anna Bahney, CNN Business There is no sugarcoating it: This is a terrible time to buy a home. Mortgage rates for a 30-year fixed rate loan are now…
Continue Reading At least $1 billion of client funds missing at failed crypto firm FTX, sources say
Reuters At least $1 billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter. The…
Continue Reading Degrowth: A dangerous idea or the answer to the world’s biggest crisis?
By Julia Horowitz, CNN Business Conventional economic logic hinges on a core assumption: Bigger economies are better, and finding ways to maintain or…
Continue Reading All eyes on the consumer ahead of Black Friday and the holidays
By Paul R. La Monica, CNN Business It has been a tough year for American consumers. Inflation everywhere. Rapidly rising interest rates. A housing…
Continue Reading Beware: The companies that hold your crypto aren’t insured the way banks are
By Jeanne Sahadi, CNN Business The “crypto winter” that hit earlier this year walloped digital asset prices and served as a healthy…
Continue Reading ‘Black Panther: Wakanda Forever’ notches record opening for November
By Frank Pallotta, CNN Business “Black Panther: Wakanda Forever” had the major challenge of following “Black Panther,” one of…
Continue Reading Tech stocks have been crushed. What’s next for the FAANGs?
By Paul R. La Monica, CNN Business The great bull run for tech stocks may finally be over. It has been a brutal year for the leading companies of…
Continue Reading Elon Musk’s SpaceX is buying an ad package on Elon Musk’s Twitter
By Catherine Thorbecke, CNN Business While a number of major brands have announced advertising pauses on Twitter in the wake of Elon Musk’s…
Continue Reading What’s behind wide salary ranges after New York’s pay transparency law
By Jeanne Sahadi, CNN Business It’s not unusual for two people with the same title to be paid somewhat different salaries. Pay, after all, is…
Continue Reading Tesla heads to court to defend Elon Musk’s pay
By Matt McFarland, CNN Business Tesla headed to court today to defend the huge compensation package that helped make CEO Elon Musk the richest person…
Continue Reading Tesla heads to court to defend Elon Musk’s pay
By Matt McFarland, CNN Business Tesla headed to court today to defend the huge compensation package that helped make CEO Elon Musk the richest person…
Continue Reading Jeff Bezos hints he’s buying the Washington Commanders: ‘We’ll have to wait and see’
By Frank Pallotta, CNN Business Jeff Bezos may be adding NFL owner to his resume. The Amazon founder, along with Jay-Z, is in talks on a potential…
Continue Reading Exclusive: Jeff Bezos says he will give most of his money to charity
By Brian Fung, CNN Amazon founder Jeff Bezos plans to give away the majority of his $124 billion net worth during his lifetime, telling CNN in an…
Continue Reading Exclusive: Jeff Bezos says he will give most of his money to charity
By Brian Fung, CNN Amazon founder Jeff Bezos plans to give away the majority of his $124 billion net worth during his lifetime, telling CNN in an…
Continue Reading What’s at stake for the world’s top two economies as Biden and Xi meet
By Juliana Liu, CNN Business When President Joe Biden took office in January 2021, there were expectations on both sides of the Pacific that he would…
Continue Reading Crypto crisis continues. Here’s the latest on the FTX collapse
By Diksha Madhok, CNN Business Aftershocks from the massive earthquake in the trillion-dollar crypto industry last week continued to reverberate on…
Continue Reading China’s real estate crisis could be over. Property stocks are soaring
By Laura He, CNN Business Chinese authorities are making their biggest effort yet to end a crisis in the country’s vast real estate sector that…
Continue Reading Bankrupt crypto exchange FTX is under criminal investigation in The Bahamas
By Matt Egan Authorities in The Bahamas are investigating potential criminal misconduct surrounding the stunning implosion of crypto exchange FTX,…
Continue Reading A guide to parental controls on social media
By Samantha Murphy Kelly, CNN Business A little over a year ago, social media companies were put on notice for how they protect, or fail to protect,…
Continue Reading ‘Black Panther: Wakanda Forever’ notches record opening for November
By Frank Pallotta, CNN Business “Black Panther: Wakanda Forever” had the major challenge of following “Black Panther,” one of…
Continue Reading Elon Musk heads to court over Tesla pay that made him the world’s richest person
By Matt McFarland, CNN Business Tesla and CEO Elon Musk will spend this week in court to defend the massive compensation package that helped make him…
Continue Reading Disney plans to freeze hiring and cut jobs, memo shows
by Reuters Disney is planning to freeze hiring and cut some jobs as it strives to move the Disney+ streaming service to profitability against a…
Continue Reading Playbill leaves Twitter, saying the site ‘expanded tolerance for hate’
By Ramishah Maruf, CNN Playbill, a news outlet and guide for the Broadway theater community and theatergoers, said Friday it left Twitter after Elon…
Continue Reading Playbill leaves Twitter, saying the site ‘expanded tolerance for hate’
By Ramishah Maruf, CNN Playbill, a news outlet and guide for the Broadway theater community and theatergoers, said Friday it left Twitter after Elon…
Continue Reading NBA’s Miami Heat to terminate relationship with FTX, will get new arena name
By Jacob Lev, CNN The NBA’s Miami Heat and Miami-Dade County have terminated their relationship with bankrupt cryptocurrency exchange FTX and…
Continue Reading Tesla officially makes its charging standard available to other companies
By Peter Valdes-Dapena, CNN Business One of Tesla’s biggest competitive advantages in North America has been its network of chargers that, for…
Continue Reading Crypto CEO warns his industry faces 2008-style crisis, calls regulator scrutiny ‘a good thing’
By Matt Egan The reeling crypto industry faces a 2008-style crisis that will lead to a much-needed regulatory crackdown, crypto CEO Changpeng Zhao…
Continue Reading Musk’s Twitter may have already violated its latest FTC consent order, legal experts say
By Brian Fung, CNN Just two weeks into Elon Musk’s ownership of Twitter, the company may have already violated its consent agreement with the…
Continue Reading Larry David predicted FTX’s implosion
By Allison Morrow, CNN Business Larry David made a prediction about this week’s crypto meltdown that was prettaaay prettaaay good. In a Super…
Continue Reading FTX investor sues Tom Brady, Gisele Bundchen and others as crypto contagion spreads
By Allison Morrow, CNN Business The fallout from the spectacular implosion of crypto giant FTX has triggered a cascade of wide-reaching effects:…
Continue Reading In less than a week, Sam Bankman-Fried’s $16 billion fortune evaporated
By Allison Morrow, CNN Business Sam Bankman-Fried woke up on Monday still a billionaire, even as his cryptocurrency empire was beginning to unravel.…
Continue Reading A day of chaos brings Twitter closer to the brink
By Brian Fung, CNN Two weeks after Elon Musk completed his acquisition of Twitter, the future of the company has never looked less certain. In the…
Continue Reading Americans are feeling worse about the US economy
Consumers were feeling slightly worse about the US economy in November, amid punishing rate hikes and decades-high inflation, according to a closely…
Continue Reading Gulf Arab states can’t give up oil. But they can slash their emissions
By Nadeen Ebrahim, CNN As Western states try to wean themselves off their addiction to hydrocarbons, Gulf oil nations have been pushing back hard,…
Continue Reading Crypto giant files for bankruptcy as CEO resigns in a stunning downfall
By Matt Egan and Allison Morrow, CNN Business FTX Group said Friday it has filed for bankruptcy in the United States and that its CEO has resigned,…
Continue Reading Wall Street picks hope over reality… again
By Nicole Goodkind, CNN Business Stocks surged on Thursday in their best day since 2020 after a key inflation indicator came in softer than expected.…
Continue Reading Crypto giant files for bankruptcy as CEO resigns in a stunning downfall
By Matt Egan and Allison Morrow, CNN Business FTX Group said Friday it has filed for bankruptcy in the United States and that its CEO has resigned,…
Continue Reading ‘Wakanda Forever’ aims to recreate blockbuster magic. Disney and theaters are counting on it
By Frank Pallotta, CNN Business “Black Panther: Wakanda Forever” hits theaters this weekend, and with it comes the type of anticipation…
Continue Reading The UK economy is sliding into recession and Europe is set to follow
By Hanna Ziady, CNN Business The UK economy shrank in the third quarter, signaling the start of a recession that is likely to hit Europe next. UK GDP…
Continue Reading Apple curbs AirDrop file sharing on devices in China
By Steven Jiang and Juliana Liu, CNN Apple has limited the use of the AirDrop wireless file sharing function on devices in China, just weeks after…
Continue Reading China’s Singles Day sales could top 1 trillion yuan even as the economy cools
By Michelle Toh, CNN Business China’s Singles Day, the world’s biggest annual shopping event, is known for regularly smashing sales…
Continue Reading India’s top court orders release of six people convicted of killing former PM Rajiv Gandhi
By Rhea Mogul and Swati Gupta, CNN India’s top court on Friday ordered the release of six people convicted of killing the country’s…
Continue Reading China scraps Covid flight bans, cuts quarantine for inbound travelers
By Kathleen Magramo, CNN Business China has reduced the amount of time travelers entering the country must spend in quarantine and removed a major…
Continue Reading Australia blames cyber criminals in Russia for Medibank data breach
By Hilary Whiteman, CNN Cyber criminals in Russia are behind a ransomware attack on one of Australia’s largest private health insurers…
Continue Reading The US monthly budget deficit dropped to $88 billion in October, down 47% for the year
By Alicia Wallace, CNN Business The US government recorded a monthly budget deficit of $88 billion in October, the Treasury Department reported…
Continue Reading Gap launches its store on Amazon
By Parija Kavilanz, CNN Business Gap announced Thursday that it has officially launched its store on Amazon. While shoppers were able to buy Gap…
Continue Reading Alex Jones ordered to pay nearly half a billion dollars to Sandy Hook families in additional damages
By Oliver Darcy and Sonia Moghe, CNN A Connecticut judge on Thursday ordered right-wing conspiracy theorist Alex Jones to pay an additional $473…
Continue Reading Twitter executives quit amid company turmoil
By Brian Fung, CNN Just days after Twitter laid off thousands of employees, a number of top executives from teams working on privacy and security at…
Continue Reading Some relief for consumers: Prices on a few grocery items are actually coming down
By Parija Kavilanz, CNN Business Is there anything at your local grocery store (besides avocados) that’s getting less — not more —…
Continue Reading KFC Germany apologizes for advertising a Kristallnacht promotion
By Danielle Wiener-Bronner, CNN Business KFC Germany apologized for an “unacceptable” message sent to customers on Wednesday, which…
Continue Reading Home prices rose almost everywhere in the US this summer
By Anna Bahney, CNN Business In case you needed more evidence of how much home prices have skyrocketed: Even as the housing market was cooling over…
Continue Reading Fred Hickman, who helped launch CNN Sports and YES Network, dead at 66
By Chris Isidore and David Close, CNN Fred Hickman, a pioneering sports broadcaster and anchor who helped to launch two major cable networks and…
Continue Reading Mortgage rates rise back above 7%
By Anna Bahney, CNN Business Mortgage rates have jumped back above 7%, after dropping last week. The 30-year fixed-rate mortgage averaged 7.08% in…
Continue Reading Inflation cools much more than expected in October
By Alicia Wallace, CNN Business Americans and the Federal Reserve got some welcome news Thursday on inflation. The Consumer Price Index rose 7.7% for…
Continue Reading UK police ‘got it wrong’ by arresting journalists covering climate protests
By Anna Cooban, CNN Business UK police arrested and detained three journalists covering a climate protest earlier this week, raising concerns that…
Continue Reading The sudden decline of one of the largest crypto exchanges could rattle the sports industry
By Jennifer Korn, CNN Business The near collapse this week of FTX, one of the largest cryptocurrency exchanges, has sent shockwaves throughout the…
Continue Reading Here’s what’s getting more expensive at the grocery store
By Danielle Wiener-Bronner, CNN Business Food is still getting more expensive, but at a slower pace than earlier this year. In the month of October,…
Continue Reading Exclusive: Wendy’s is selling its first-ever holiday Frosty
By Jordan Valinsky, CNN Business Wendy’s is adding a holiday-themed Frosty to its menu for the first time ever. Beginning next Tuesday,…
Continue Reading This is the moment Wall Street has been waiting for
By Paul R. La Monica and Nicole Goodkind, CNN Stocks soared in their best day since 2020 on Thursday after new economic data showed that price…
Continue Reading New car prices are finally coming down. But not by much
By Peter Valdes-Dapena, CNN Business New car prices are finally coming down. A little, anyway. Cars are still selling, on average, for more than the…
Continue Reading Wealthier shoppers turn to Walmart for groceries
By Nathaniel Meyersohn, CNN Business Wealthier customers pinched by inflation are switching to Walmart for groceries, boosting sales at…
Continue Reading Crypto is in chaos as FTX files for bankruptcy
By Allison Morrow, CNN Business In the space of a week, a 30-year-old entrepreneur once hailed as a modern-day J.P. Morgan watched his digital…
Continue Reading Greed is back with a vengeance on Wall Street
By Paul R. La Monica, CNN Business Many investors are still nursing losses for the year. But stocks have come roaring back to life in the past few…
Continue Reading The 5 biggest takeaways from earnings season
By Nicole Goodkind, CNN Business The third-quarter corporate earnings season is wrapping up: We now have reports from about 450 of the S&P 500,…
Continue Reading This company wants to make air travel sustainable
By Clare Duffy, CNN Business Video by John General, CNN Business In 2019, Air Company made a splash when it launched vodka derived from recaptured…
Continue Reading This company wants to make air travel sustainable
By Clare Duffy, CNN Business Video by John General, CNN Business In 2019, Air Company made a splash when it launched vodka derived from recaptured…
Continue Reading The economy was a big concern for voters. Thursday’s inflation report likely won’t help
By Alicia Wallace, CNN Business The economy was top of mind for voters in the midterm elections, exit polls showed, adding even more weight to a…
Continue Reading Analysis: Why the news media got the midterm ‘red wave’ narrative so wrong
By Oliver Darcy, CNN Business The White House believes that the press has “egg on their faces, yet again.” That’s according to a…
Continue Reading Twitter battles wave of impersonators after launching new paid verification system
By Brian Fung, CNN Twitter appears to be battling a wave of celebrity and corporate impersonators on its platform who have quickly gamed the…
Continue Reading Biden says Elon Musk’s relationship with other countries ‘worthy of being looked at’
By Nikki Carvajal, CNN President Joe Biden said Twitter owner and Tesla CEO Elon Musk’s relationship with other countries was “worthy of…
Continue Reading Twitter chaos spills into public view as Musk clashes with and fires employees on the platform
By Clare Duffy, Oliver Darcy and Donie O’Sullivan, CNN Business Elon Musk has publicly clashed with a growing number of Twitter employees about…
Continue Reading Rivian has both good and bad news at end of tough day for EV stocks
By Chris Isidore, CNN Business Electric truckmaker Rivian delivered a mixed bag for investors in its third-quarter earnings report, after a brutal…
Continue Reading Elon Musk pleads with advertisers to stay on Twitter
By Brian Fung, CNN Twitter owner Elon Musk pleaded with advertisers to keep using his platform on Wednesday as he sketched out his plans for user…
Continue Reading So you won the lottery. What now?
By Allison Morrow, CNN Business So, you won the lottery. Congrats! What do you do now? Once you’re done screaming and dancing in a shower of…
Continue Reading The economy was a big concern for voters. Thursday’s inflation report likely won’t help
By Alicia Wallace, CNN Business The economy was top of mind for voters in the midterm elections, exit polls showed, adding even more weight to a…
Continue Reading Chocolate is having a moment
By Danielle Wiener-Bronner, CNN Business Between warnings of a recession, high inflation and layoff fears, the news is bleak. Why not have some…
Continue Reading Crypto’s white knight lost 94% of his wealth in a single day
By Allison Morrow, CNN Business Sam Bankman-Fried, the crypto entrepreneur known for providing a financial lifeline to struggling firms in the…
Continue Reading This oil refiner is cutting 1,100 jobs — and giving billions of dollars to its shareholders
By Matt Egan, CNN Business Phillips 66 is cutting at least 1,100 jobs by the end of this year as the refining giant seeks to slash costs and steer a…
Continue Reading Adidas will continue to sell Kanye West’s shoe designs without the Yeezy name
By Nathaniel Meyersohn, CNN Business Adidas ended its sneaker partnership with Ye, formerly known as Kanye West, last month after the…
Continue Reading Tesla drivers will be able to make Zoom calls from their car
By Samantha Murphy Kelly, CNN Business Tesla drivers will soon be able to take a video call directly from their vehicle’s touchscreen…
Continue Reading ‘It is not an accident’: Murdoch’s media empire celebrates DeSantis as future of GOP after midterms
By Oliver Darcy, CNN Business Rupert Murdoch, the media mogul who controls some of the most powerful organs in conservative media, appeared to make…
Continue Reading Railroad unions push back threatened strike date
By Chris Isidore and Vanessa Yurkevich, CNN Business The threat of a freight railroad strike has been pushed back to early December, as four major…
Continue Reading British nurses to hold first ever strike over pay
By Reuters Tens of thousands of British nurses will go on strike for the first time over demands for better pay, their trade union said on Wednesday,…
Continue Reading Credit card rates hit a record high as Fed fights inflation
By Matt Egan It’s never a great time to carry credit card debt. But right now is arguably the worst time. The Federal Reserve’s war on…
Continue Reading Why these five states don’t sell lottery tickets
By Nathaniel Meyersohn, CNN Business If residents of Alabama, Utah, Alaska, Hawaii or Nevada wanted a chance to win this week’s record…
Continue Reading Changes are coming to Wordle
By Frank Pallotta, CNN Business Changes are coming for Wordle … again. For starters the New York Times this week named Tracy Bennett the new…
Continue Reading Stocks slip as control of Congress remains unclear
By Paul R. La Monica, CNN Business Wall Street was betting on a red wave in the midterm elections Tuesday. But it appears that didn’t happen.…
Continue Reading So you won the lottery. What now?
By Allison Morrow, CNN Business So, you won the lottery. Congrats! What do you do now? Once you’re done screaming and dancing in a shower of…
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