Money Archives

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

February 1, 2022 10:57 AM CNN Newsource

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

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

February 1, 2022 10:29 AM CNN Newsource

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

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

February 1, 2022 8:49 AM CNN Newsource

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

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

February 1, 2022 4:53 AM CNN Newsource

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

This year will be an even better one for UPS

February 1, 2022 10:20 AM CNN Newsource

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

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

February 1, 2022 10:20 AM CNN Newsource

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

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

February 1, 2022 10:12 AM CNN Newsource

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

A record number of Americans quit their jobs in 2021

February 1, 2022 8:38 AM CNN Newsource

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

ExxonMobil’s profits and revenue soar on high oil prices

February 1, 2022 7:26 AM CNN Newsource

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

Here’s another thing keeping prices high: Climate change

February 1, 2022 7:20 AM CNN Newsource

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

The New York Times buys popular word game Wordle

February 1, 2022 6:52 AM CNN

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

The worst start to the year for stocks since 2009

February 1, 2022 6:19 AM CNN Newsource

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

Aston Martin reveals a nearly 700 horsepower luxury SUV

February 1, 2022 6:03 AM CNN

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

Aston Martin reveals a nearly 700 horsepower luxury SUV

February 1, 2022 6:03 AM CNN Newsource

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

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

February 1, 2022 5:32 AM CNN Newsource

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

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

February 1, 2022 5:32 AM CNN

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

India wants to launch a digital rupee and tax crypto profits

February 1, 2022 3:44 AM CNN Newsource

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

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

February 1, 2022 2:25 AM CNN Newsource

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

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

January 31, 2022 9:17 PM CNN Newsource

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

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

January 31, 2022 9:03 PM CNN

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

The New York Times buys popular word game Wordle

January 31, 2022 3:36 PM CNN Newsource

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

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

January 31, 2022 2:50 PM CNN

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

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

January 31, 2022 2:30 PM CNN Newsource

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

George Soros warns China is facing an economic crisis

January 31, 2022 1:18 PM CNN

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

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

January 31, 2022 12:30 PM CNN Newsource

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

George Soros warns China is facing an economic crisis

January 31, 2022 12:13 PM CNN Newsource

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

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

January 31, 2022 11:28 AM CNN Newsource

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

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

January 31, 2022 10:20 AM CNN Newsource

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

Why companies are obsessing over worker pay

January 31, 2022 6:10 AM CNN Newsource

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

Why grocery prices keep surging

January 31, 2022 10:23 AM CNN Newsource

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

Joe Rogan responds to backlash from Spotify artists

January 31, 2022 9:49 AM CNN Newsource

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

Here’s who has left Spotify because of Joe Rogan

January 31, 2022 9:49 AM CNN

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

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

January 31, 2022 9:20 AM CNN Newsource

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

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

January 31, 2022 9:15 AM CNN Newsource

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

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

January 31, 2022 9:15 AM CNN

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

Everything Hershey makes is going to get more expensive

January 31, 2022 5:52 AM CNN

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

Why grocery prices keep surging

January 31, 2022 5:52 AM CNN Newsource

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

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

January 31, 2022 4:41 AM CNN

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

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

January 31, 2022 12:59 AM CNN Newsource

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

Shanghai metro sparks Covid panic with festive red QR codes

January 30, 2022 11:30 PM CNN Newsource

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

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

January 30, 2022 11:14 PM CNN Newsource

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

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

January 30, 2022 8:58 PM CNN

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

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

January 30, 2022 8:58 PM CNN Newsource

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

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

January 30, 2022 4:52 PM CNN

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

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

January 30, 2022 4:28 PM CNN Newsource

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

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

January 30, 2022 1:33 PM CNN Newsource

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

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

January 30, 2022 6:49 AM CNN Newsource

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

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

January 30, 2022 6:49 AM CNN

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

Warren Buffett is having the last laugh

January 30, 2022 5:32 AM CNN Newsource

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

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

January 30, 2022 4:13 AM CNN

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

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

January 30, 2022 4:13 AM CNN

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

Meet the superfans trying to save Tab

January 30, 2022 4:00 AM CNN Newsource

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

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

January 29, 2022 10:36 PM CNN Newsource

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

Meta pauses new users from joining analytics tool CrowdTangle

January 29, 2022 12:40 PM CNN Newsource

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

Peloton die-hards are sticking with the flailing company

January 29, 2022 2:31 AM CNN Newsource

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

Glossier lays off a third of its corporate staff

January 28, 2022 2:07 PM CNN Newsource

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

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

January 28, 2022 12:41 PM CNN Newsource

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

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

January 28, 2022 12:19 PM CNN

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

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

January 28, 2022 11:41 AM CNN Newsource

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

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

January 28, 2022 11:05 AM CNN

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

Natural gas futures surge as powerful winter storm looms

January 28, 2022 11:01 AM CNN

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

Natural gas futures surge as powerful winter storm looms

January 28, 2022 11:01 AM CNN Newsource

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

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

January 28, 2022 10:50 AM CNN Newsource

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

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

January 28, 2022 10:31 AM CNN Newsource

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

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

January 28, 2022 10:03 AM CNN Newsource

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

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

January 27, 2022 5:59 PM CNN Newsource

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

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

January 27, 2022 10:00 PM CNN

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

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

January 28, 2022 7:10 AM CNN Newsource

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

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

January 28, 2022 9:30 AM CNN

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

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

January 28, 2022 8:57 AM CNN Newsource

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

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

January 28, 2022 8:35 AM CNN Newsource

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

Consumer sentiment sinks on inflation and Omicron worries

January 28, 2022 8:29 AM CNN Newsource

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

Workers don’t know their schedules until the last minute. That’s a big problem

January 28, 2022 7:02 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Retail and restaurant work is notorious for irregular scheduling and last-minute changes — factors that can…

A key inflation measure rose at the fastest pace since 1982

January 28, 2022 6:32 AM CNN Newsource

By Anneken Tappe, CNN Business A key measure of inflation rose 5.8% between December 2020 and December 2021, the Bureau of Economic Analysis reported…

Gone too far? Tech earnings raise questions about market panic

January 28, 2022 6:20 AM CNN Newsource

By Julia Horowitz, CNN Business Investors in stocks have balked at the Federal Reserve’s aggressive pivot as it takes a stand against…

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 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…

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…

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…

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…

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…