Samsung plans to create 80,000 new jobs with $356 billion investment
By Michelle Toh, CNN Business Samsung on Tuesday outlined a plan to pour more than $350 billion into its businesses and create tens of thousands of…
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UK household energy bills set to rise by another 40%
By Anna Cooban, CNN Business Brits are bracing for another huge hike in their energy bills, and pressure is mounting on the UK government to impose a…
Continue Reading Snap sends shares tumbling with warning on economy and earnings
By Reuters Snap Inc said the economy had worsened faster than expected in the last month and the social media company slashed its quarterly forecast,…
Continue Reading Airbnb is closing its listings business in China
By Sahar Akbarzai and Michelle Toh, CNN Business Airbnb will shut down its listings in China after two years of lockdowns in the country “with…
Continue Reading Group of Activision Blizzard employees votes to form the company’s first union
By Rishi Iyengar, CNN Business Some workers at Activision Blizzard have officially unionized, marking the company’s first union and the video…
Continue Reading Globalization is coming undone, and that’s a huge red flag
By Allison Morrow, CNN Business One of the many buzzwords percolating around Davos this week is “fragmentation,” the force economists…
Continue Reading Before Omicron, inflation and war, Americans’ finances hit new highs, survey shows
By Alicia Wallace, CNN Business Things were looking up for most Americans at the end of last year, with many households reporting their financial…
Continue Reading Here’s what happened during Boeing’s ‘nail-biting’ spacecraft docking
By Jackie Wattles, CNN Business Boeing managed to dock a spacecraft at the International Space Station late last week, but it was not without several…
Continue Reading Stocks surge thanks to big rally for JPMorgan Chase and other banks
By Paul R. La Monica, CNN Business Investors took a break from selling in May and going away, for one day at least. Stocks soared Monday, as positive…
Continue Reading Global economy faces ‘its biggest test’ since WWII
By Julia Horowitz, CNN Business The global economy is being brought to the edge of a precipice by crisis upon crisis. As the first World Economic…
Continue Reading Davos: Central bankers say cryptos aren’t real currencies
By Paul R. La Monica, CNN Business Stablecoins are unstable. Cryptocurrencies don’t act like currency. Does digital money ever stand a chance…
Continue Reading Facebook-parent Meta to share more details with researchers about political ad targeting
By Catherine Thorbecke, CNN Business Facebook-parent Meta on Monday said it would soon offer more transparency and information to researchers about…
Continue Reading Markets are down, but these charts explain why investors shouldn’t panic
By Nicole Goodkind, CNN Business What goes up must come down, and what goes bull must go bear. The conventional wisdom is that a bit of market…
Continue Reading Opinion: It’s time to prepare for a recession
Opinion by Lakshman Achuthan and Anirvan Banerji for CNN Business Perspectives The economy is close to entering a recession, perhaps as soon as this…
Continue Reading DC attorney general sues Mark Zuckerberg over his handling of the Cambridge Analytica incident
By Brian Fung, CNN Business Washington, DC, Attorney General Karl Racine sued Mark Zuckerberg on Monday, accusing the Facebook co-founder of…
Continue Reading Why stores always put candy and soda near the cash register
By Nathaniel Meyersohn, CNN Business It’s happened to just about everyone who’s bored in line waiting to check out at a store: You spot a…
Continue Reading People still call restaurants. Applebee’s is hiring someone else to answer
Believe it or not, people still order takeout using the phone. Applebee’s doesn’t want to take those calls…
Continue Reading T-Mobile and AT&T are Wall Street bright spots, but Verizon is struggling
By Paul R. La Monica, CNN Business Inflation concerns have made it a brutal year for stocks, but wireless service is one area where prices…
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Markets are down, but these charts explain why investors shouldn’t panic
By Nicole Goodkind, CNN Business What goes up must come down, and what goes bull must go bear. The conventional wisdom is that a bit of market…
Continue Reading Goldman Sachs CEO calls subway shooting of employee a ‘senseless tragedy’
By Jordan Valinsky, CNN Business Goldman Sachs CEO David Solomon said he’s “devastated” about the shooting Sunday on a New York…
Continue Reading The bull market minted millions of day traders. They’re in for a rough ride
By Allison Morrow, CNN Business In early 2021, in the midst of speculative stock market euphoria, a pair of day traders went viral on TikTok with a…
Continue Reading Germany urges Hungary to agree to a Russian oil embargo
By Anna Cooban, CNN Business Germany’s frustration over some European countries’ resistance to an embargo of Russia’s oil was laid…
Continue Reading Didi’s disastrous foray onto Wall Street is over
By Michelle Toh, CNN Business Shareholders voted Monday in favor of Didi’s plan to quit the New York Stock Exchange less than a year after…
Continue Reading Global economy faces ‘its biggest test’ since WWII
By Julia Horowitz, CNN Business The global economy is being brought to the edge of a precipice by crisis upon crisis. As the first World Economic…
Continue Reading First on CNN: White House explores tapping emergency diesel reserve to ease price spike
By Matt Egan, CNN The White House is considering an emergency declaration that would enable President Joe Biden to release diesel from a rarely used…
Continue Reading A new billionaire has been minted nearly every day during the pandemic
By Tami Luhby, CNN The Covid-19 pandemic has been good for the wallets of the wealthy. Some 573 people have joined the billionaire ranks since 2020,…
Continue Reading Why Insider’s global editor-in-chief decided to publish the sexual harassment allegation against Elon Musk
By Ramishah Maruf, CNN Business Elon Musk is going after Insider for publishing a story alleging he sexually harassed a flight attendant on a SpaceX…
Continue Reading Why Insider’s global editor-in-chief decided to publish the sexual harassment allegation against Elon Musk
By Ramishah Maruf, CNN Business Elon Musk is going after Insider for publishing a story alleging he sexually harassed a flight attendant on a SpaceX…
Continue Reading America needs more baby formula. Here’s why it’s so hard to make it
By Parija Kavilanz, CNN Business Industry insiders have long feared a situation just like this: American parents are desperately seeking adequate…
Continue Reading America needs more baby formula. Here’s why it’s so hard to make it
By Parija Kavilanz, CNN Business Industry insiders have long feared a situation just like this: American parents are desperately seeking adequate…
Continue Reading Nissan is launching a comeback. Here’s what it’s like road tripping in its newest sports car
By Peter Valdes-Dapena, CNN Business The new Nissan Z is one of the most important models in the car maker’s recent history — not for any…
Continue Reading What if the Fed can’t tame inflation?
By Nicole Goodkind, CNN Business To badly misquote John Lennon: Everybody’s talking about inflation, stagflation, capitulation, globalization,…
Continue Reading ‘SNL’ says goodbye to Kate McKinnon and Pete Davidson
By Frank Pallotta, CNN Business “Saturday Night Live” closed out its 47th season by saying goodbye to two of its most beloved cast…
Continue Reading Davos is back and the world has changed. Have the global elite noticed?
By Julia Horowitz, CNN Business The last time top politicians, CEOs and billionaires gathered in a Swiss mountain village to discuss society’s…
Continue Reading ‘SNL’ says goodbye to Kate McKinnon and Pete Davidson
By Frank Pallotta, CNN Business “Saturday Night Live” closed out its 47th season by saying goodbye to two of its most beloved cast…
Continue Reading Hyundai to build $5.5 billion EV and battery plant in the US. Here’s where
By Ramishah Maruf, CNN Georgia will be home to Hyundai’s first dedicated EV plant and battery manufacturing facility in the United States, the…
Continue Reading J.M. Smucker is recalling some Jif peanut butter products due to salmonella
By Ramishah Maruf, CNN J.M. Smucker is recalling certain types of Jif peanut butter in the US because of a potential salmonella contamination. The…
Continue Reading People still call restaurants. Applebee’s is hiring someone else to answer
By Danielle Wiener-Bronner, CNN Business Believe it or not, people still order takeout using the phone. Applebee’s doesn’t want to take…
Continue Reading Black buyers are getting squeezed out of the hot housing market
By Gabe Cohen, CNN Business Nicosha Jones spent nearly a year trying to buy her first home. Jones, 48, planned to build equity by buying a home in…
Continue Reading New home sales fell by nearly 17% in April as buying became even less affordable
By Anna Bahney, CNN Business The double punch of high home prices and rising mortgage rates took a toll on sales of newly constructed homes in April.…
Continue Reading Opinion: WEF president: How the world can rebuild cooperation
Opinion by Børge Brende for CNN Business Perspectives The war in Ukraine, a challenging economic outlook, rising global temperatures and a…
Continue Reading Stocks surge thanks to big rally for JPMorgan Chase and other banks
By Paul R. La Monica, CNN Business Investors took a break from selling in May and going away, for one day at least. Stocks soared Monday, as positive…
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5 ways inflation impacts interest rates
PennyWorks explains the five ways that inflation is affecting interest rates set by the Federal…
Continue Reading S&P 500 briefly falls into bear market territory as recession fears mount
By Nicole Goodkind, CNN Business The S&P 500 briefly fell into bear market territory Friday, slipping more than 20% from its record high and…
Continue Reading India, the world’s largest producer of sugar, is restricting exports
By Diksha Madhok, CNN Business India has decided to restrict the sale of sugar on international markets, just days after it banned wheat exports. In…
Continue Reading Why the looming bear market will be different
By Julia Horowitz, CNN Business When a bear market arrives, it’s not pretty, especially for investors making short-term decisions. But it…
Continue Reading Prices are rising. How much should your salary increase?
By Kathryn Vasel, CNN Business When it comes to salary negotiations, job candidates have a lot of leverage these days. “There are a number of…
Continue Reading The Dow is on its longest weekly losing streak since 1923
By Matt Egan, CNN Business The stock market selloff hit pause Friday, but the Dow Jones Industrial Average couldn’t avoid its longest weekly…
Continue Reading Pfizer and Moderna created life-saving vaccines. So why are their stocks crumbling?
By Paul R. La Monica, CNN Business Pfizer, BioNTech and Moderna are experiencing a post-vaccine hangover on Wall Street this year. All three stocks…
Continue Reading Meet the Wikipedia editor who published the Buffalo shooting entry minutes after it started
By Samantha Murphy Kelly, CNN Business After Jason Moore, from Portland, Oregon, saw headlines from national news sources on Google News about the…
Continue Reading Elon Musk denies sexual harassment claims
By Rob McLean and Jackie Wattles, CNN Elon Musk denied allegations that he sexually harassed a SpaceX flight attendant in 2016 in a series of…
Continue Reading Russia is about to cut off Finland’s natural gas
By Chris Liakos and Anna Cooban, CNN Business Russia is about to cut off natural gas supplies to a third European country that refuses to accept the…
Continue Reading Russia is about to cut off Finland’s natural gas
By Chris Liakos and Anna Cooban, CNN Business Russia is about to cut off natural gas supplies to a third European country that refuses to accept the…
Continue Reading China slashes key interest rate as housing sales collapse
By Laura He, CNN Business China on Friday slashed a key interest rate to rescue its slumping housing market and head off a major downturn in the…
Continue Reading China needs Russian coal. Moscow needs new customers
By Laura He, CNN Business China is buying record amounts of cheap Russian coal, even as Western nations slam Moscow with sanctions over the invasion…
Continue Reading China needs Russian coal. Moscow needs new customers
By Laura He, CNN Business China is buying record amounts of cheap Russian coal, even as Western nations slam Moscow with sanctions over the invasion…
Continue Reading Boeing’s Starliner capsule makes safe return from test mission
By Jackie Wattles, CNN Business Boeing’s Starliner spacecraft made a safe return home from its five-day stay at the International Space Station…
Continue Reading Mercedes just sold the world’s most expensive car for $142 million
By Peter Valdes-Dapena, CNN Business Mercedes-Benz confirmed on Thursday that it recently sold the world’s most expensive car. A very rare 1955…
Continue Reading Female Afghan TV journalists describe a ‘psychological prison’ amid Taliban order to cover their faces on air
By Christiane Amanpour, Jo Shelley, Ahmet Mengli and Maddie Araujo, CNN It’s a somber Thursday morning at TOLOnews, Afghanistan’s leading…
Continue Reading Female Afghan TV journalists describe a ‘psychological prison’ amid Taliban order to cover their faces on air
By Christiane Amanpour, Jo Shelley, Ahmet Mengli and Maddie Araujo, CNN It’s a somber Thursday morning at TOLOnews, Afghanistan’s leading…
Continue Reading NHTSA investigates Tesla crash that killed three
By Matt McFarland, CNN Business The National Highway Traffic Safety Administration said Wednesday that it is investigating a Tesla crash in Newport…
Continue Reading NHTSA investigates Tesla crash that killed three
By Matt McFarland, CNN Business The National Highway Traffic Safety Administration said Wednesday that it is investigating a Tesla crash in Newport…
Continue Reading US senators target Big Tech’s digital advertising machine with new legislation
By Brian Fung, CNN Business Google, Facebook’s parent Meta, and Amazon could have to spin off chunks of their advertising businesses under…
Continue Reading The long struggle to bring a supermarket to a nearly all-Black Buffalo neighborhood
By Nathaniel Meyersohn, CNN Business In August of 2001, more than 100 people gathered on the East Side of Buffalo, New York. The setting, an empty…
Continue Reading Ford advising 39,000 Expedition and Navigator owners to park outside due to fire risk
By Peter Valdes-Dapena, CNN Business Ford is advising the owners of 39,013 Ford Expedition and Lincoln Navigator SUVs to park their vehicles outdoors…
Continue Reading Boeing launches Starliner astronaut capsule on uncrewed test mission
By Jackie Wattles, CNN Business Boeing launched its Starliner spacecraft, designed to ferry astronauts to and from the International Space Station,…
Continue Reading Twitter will now label and suppress misinformation surrounding armed conflict and other crises
By Brian Fung, CNN Business Twitter will now apply warning labels to — and cease recommending — claims that outside experts have identified as…
Continue Reading The long struggle to bring a supermarket to a nearly all-Black Buffalo neighborhood
By Nathaniel Meyersohn, CNN Business In August of 2001, more than 100 people gathered on the East Side of Buffalo, New York. The setting, an empty…
Continue Reading The long struggle to bring a supermarket to a nearly all-Black Buffalo neighborhood
By Nathaniel Meyersohn, CNN Business In August of 2001, more than 100 people gathered on the East Side of Buffalo, New York. The setting, an empty…
Continue Reading Plunging stocks, recession fears. Here’s how to protect your money
By Jeanne Sahadi, CNN Business When it comes to fraying nerves, this spring is really outperforming. Stocks are now in bear market territory.…
Continue Reading Rents in the US just hit another record high
By Anna Bahney, CNN Business Rents in the US climbed to a new record high again in April, and they are expected to keep rising. The national median…
Continue Reading Taco Bell’s Mexican Pizza finally returns to menus
By Jordan Valinsky, CNN Business Taco Bell’s highly anticipated Mexican Pizza finally returns to menus Thursday following a roughly two-year…
Continue Reading Worst may not be over for the market. Stocks fall again
By Paul R. La Monica, CNN Business The 2022 stock market meltdown may not be over just yet. Stocks fell again Thursday, following Wednesday’s…
Continue Reading Mortgage rates ticked lower, but are still well above 5%
By Anna Bahney, CNN Business Mortgage rates fell slightly last week, but purchasing a home still remains difficult for many prospective buyers. The…
Continue Reading US home sales fell again in April as prices hit another record high
By Anna Bahney, CNN Business Home sales fell for the third consecutive month in April as rising mortgage rates and affordability challenges pushed…
Continue Reading Retailers just sounded an alarm on inflation. It’s worth heeding
By Julia Horowitz, CNN Business Shares of retailers were pummeled on Wednesday as investors dug through the latest earnings results from Target and…
Continue Reading First on CNN: Sean Connery’s own classic Aston Martin is for sale
By Peter Valdes-Dapena, CNN Business James Bond, the fictional British secret agent, has driven lots of different cars in the more than two dozen…
Continue Reading Retailers just sounded an alarm on inflation. It’s worth heeding
By Julia Horowitz, CNN Business Shares of retailers were pummeled on Wednesday as investors dug through the latest earnings results from Target and…
Continue Reading Elon Musk proves once again that the rules don’t apply to him
By Chris Isidore, CNN Business How do you regulate a man worth more than $200 billion who thinks he knows better than everyone else? The simple…
Continue Reading Global markets slide after a tough day on Wall Street
By Laura He, CNN Business Asian markets mostly closed lower on Thursday and European indexes slid in early trade following a rough day on Wall…
Continue Reading Indian court frees killer of ex-Prime Minister Rajiv Gandhi
By Esha Mitra, CNN India’s top court on Wednesday granted the release of a man convicted of killing former Indian Prime Minister Rajiv Gandhi,…
Continue Reading Boeing tries to catch up to SpaceX after plenty of drama
By Jackie Wattles, CNN Business Boeing is the world’s largest aerospace company, a primary US defense contractor, and a titan of a global…
Continue Reading Elon Musk faced SEC questions over his timing in disclosing Twitter stake
By Clare Duffy, CNN Business Elon Musk has faced questions from the US Securities and Exchange Commission about how and when he disclosed his large…
Continue Reading Worst may not be over for the market. Stocks fall again
By Paul R. La Monica, CNN Business The 2022 stock market meltdown may not be over just yet. Stocks fell again Thursday, following Wednesday’s…
Continue Reading S&P 500’s ESG index boots Tesla
By Matt McFarland, CNN Business The S&P 500 index devoted to highlighting companies excelling at ESG, which stands for environmental, social and…
Continue Reading Texas asks Supreme Court to keep state social media censorship law in effect
By Brian Fung and Ariane de Vogue, CNN The Supreme Court should allow a sweeping Texas law to remain in effect that restricts the ability of…
Continue Reading New York Attorney General to investigate social media platforms after Buffalo shooting
By Brian Fung, CNN Business New York Attorney General Letitia James is launching an investigation into the social media platforms allegedly used by…
Continue Reading JPMorgan shareholders vote down pay bump for CEO Jamie Dimon
By Nicole Goodkind, CNN Business JP Morgan Chase investors on Tuesday voted down a multimillion-dollar payout for CEO Jamie Dimon. The pay proposal…
Continue Reading Wingstop could soon raise its own chickens
By Danielle Wiener-Bronner, CNN Business Wingstop wants to lower its food supply costs. So it’s considering raising its own chickens.…
Continue Reading Boeing tries to catch up to SpaceX after plenty of drama
By Jackie Wattles, CNN Business Boeing is the world’s largest aerospace company, a primary US defense contractor, and a titan of a global…
Continue Reading US Treasury says it could block Russian debt payments starting next week
By Matt Egan, CNN Business Treasury Secretary Janet Yellen on Wednesday signaled US officials will likely end a carve-out in Western sanctions that…
Continue Reading Some tariffs on China are harming families and businesses, Janet Yellen says
By Matt Egan and Alicia Wallace, CNN Business US Treasury Secretary Janet Yellen on Wednesday criticized the Trump administration’s tariffs on…
Continue Reading Opinion: Want to keep your employees happy? Offer these 5 things
Opinion by Rosabeth Moss Kanter for CNN Business Perspectives To attract workers in today’s tight labor market, companies are touting better…
Continue Reading Following Buffalo shooting, 4chan shows how some platforms are accountable only to themselves
By Clare Duffy and Sara O’Brien, CNN Business The mass shooting in Buffalo, New York, has put a spotlight on 4chan, a largely unmoderated site…
Continue Reading Why you could be paying 50% more for a jug of milk this year
By Julia Horowitz, CNN Business Prices are rising at the fastest pace in decades, creating a cost-of-living crisis that’s forcing people around…
Continue Reading New York files discrimination complaint against Amazon
By Brian Fung and Sara Ashley O’Brien, CNN Business New York Gov. Kathy Hochul announced a complaint on Wednesday against Amazon, alleging that…
Continue Reading Retailers call out Visa and Mastercard for fee hikes that could make inflation worse
By Alicia Wallace, CNN Business Consumers could soon see even higher prices at some stores, after credit card giants Visa and Mastercard raised their…
Continue Reading Following Buffalo shooting, 4chan shows how some platforms are accountable only to themselves
By Clare Duffy and Sara O’Brien, CNN Business The mass shooting in Buffalo, New York, has put a spotlight on 4chan, a largely unmoderated site…
Continue Reading Burberry reports record profit despite a slowdown in its biggest market
By Sharon Browne-Peter Burberry reported record profits for the year ended in April despite taking a recent sales hit from its biggest market, China.…
Continue Reading Target posts a stunning drop in profit. Stock plunges
By Paul R. La Monica, CNN Business Target’s earnings didn’t hit the mark. Far from it. The retail giant reported a stunning 52% drop in…
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