Money Archives

Racing legend Michael Andretti is taking a spin on Wall Street

January 13, 2022 11:27 AM CNN Newsource

By Paul R. La Monica, CNN Business Auto racing is arguably hotter than ever, thanks in part to the super popular Netflix series “Drive to…

Goldman Sachs urges employees to work remotely until February amid Omicron wave

January 13, 2022 11:23 AM CNN Newsource

By Matt Egan Goldman Sachs is extending its work-from-home guidance by another two weeks amid the wave of Covid-19 infections. The Wall Street bank…

Goldman Sachs urges employees to work remotely until February amid Omicron wave

January 13, 2022 10:47 AM CNN

By Matt Egan Goldman Sachs is extending its work-from-home guidance by another two weeks amid the wave of Covid-19 infections. The Wall Street bank…

Domino’s is giving customers fewer wings as prices surge

January 12, 2022 1:07 PM CNN Newsource

By Jordan Valinsky, CNN Business Domino’s Pizza customers ordering chicken wings will soon get fewer of them for the same price. The pizza…

There are plenty of N95 masks, but they’re not designed for your kids

January 13, 2022 10:23 AM CNN Newsource

N95 respirators, the gold standard of filtration masks, are back in the pandemic spotlight because of the highly contagious Omicron COVID-19 variant.…

Virgin Galactic shares tumble as company says it’s raising $425 million in debt

January 13, 2022 9:37 AM CNN Newsource

By Jackie Wattles, CNN Business Shares of Virgin Galactic — the space tourism company that carried its billionaire founder, Richard Branson, to the…

Most CEOs say inflation will stay hot until at least mid-2023

January 13, 2022 9:15 AM CNN Newsource

By Matt Egan, CNN Business Inflation has vaulted to the top of CEOs’ worry list. More than half (55%) of global CEOs fear pricing pressures…

Dow drops more than 500 points as bond yields rise and earnings season gets into full swing

January 13, 2022 8:57 AM CNN

By Anneken Tappe, CNN Business Wall Street had another day in the red at the start of this shortened trading week as investors grapple with earnings…

Why no one has a quick fix for inflation — not even Joe Biden or Jerome Powell

January 13, 2022 8:57 AM CNN Newsource

By Chris Isidore and Allison Morrow, CNN Business Inflation isn’t just an economic headache — it’s become a political blame game that…

The NFL returns to ratings dominance

January 13, 2022 7:51 AM CNN Newsource

By Frank Pallotta, CNN Business The National Football League bounced back to ratings dominance following a 2020 season that was disrupted by the…

Stellantis hopes to make the best of a delayed electric start, CEO says

January 13, 2022 7:08 AM CNN Newsource

By Peter Valdes-Dapena, CNN Business Stellantis, the company formed last year through the merger of Fiat Chrysler Automobiles and France’s PSA…

Should the government control the price of food and gas?

January 13, 2022 7:03 AM CNN

By Charles Riley, CNN Business People are paying a lot more for food, gas, cars and services, and inflation isn’t over yet as the pandemic…

Another key inflation measure hit a record high

January 13, 2022 6:36 AM CNN Newsource

By Anneken Tappe, CNN Business A key inflation measure climbed to a record high in 2021, as pandemic price hikes just aren’t going away. The US…

Companies are hoovering up cheap cash while they can

January 13, 2022 6:16 AM CNN Newsource

By Julia Horowitz, CNN Business For companies that want to take advantage of historically-low borrowing costs, the clock is ticking. What’s…

Companies are hoovering up cheap cash while they can

January 13, 2022 6:16 AM CNN

By Julia Horowitz, CNN Business For companies that want to take advantage of historically-low borrowing costs, the clock is ticking. What’s…

Volkswagen falls further behind Tesla in the race to electric

January 13, 2022 5:24 AM CNN Newsource

By Charles Riley, CNN Business Volkswagen is falling further behind Tesla in the race to dominate the market for electric cars. Europe’s…

The grocery cashier ringing you up is not OK

January 13, 2022 5:20 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Sam Dancy has witnessed it all during his 30 years at supermarket chain QFC in Seattle. But the Omicron variant…

Delta posts a profit but warns Omicron will mean a loss this quarter

January 13, 2022 5:18 AM CNN Newsource

By Chris Isidore, CNN Business A strong holiday travel season helped Delta Air Lines to a better-than-forecast profit in the last three months of…

Massive winter storm could keep grocery shelves empty even longer

January 13, 2022 5:01 AM CNN

By Parija Kavilanz, CNN Business Grocery stores had already been struggling to keep their shelves stocked because of supply chain delays and Omicron…

There are plenty of N95 masks, but they’re not designed for your kids

January 13, 2022 4:37 AM CNN Newsource

By Parija Kavilanz, CNN Business N95 respirators, the gold standard of filtration masks, are back in the pandemic spotlight because of the highly…

KFC blasted by China for ‘causing unnecessary food waste’

January 13, 2022 1:37 AM CNN Newsource

By Michelle Toh and CNN’s Beijing bureau, CNN Business KFC is being accused of causing food waste in China amid recent concerns about food…

Surging prices: Key inflation measure hits a 39-year high

January 12, 2022 7:50 PM CNN

By Anneken Tappe, CNN Business Pandemic price hikes didn’t let up in the last month of 2021: A key inflation gauge hit a fresh a 39-year high.…

If prices keep rising, a nightmare scenario for the US economy is a real possibility

January 12, 2022 11:12 AM CNN Newsource

By Paul R. La Monica, CNN Business There’s no denying it: Inflation is here. Consumer prices surged 7% over the past year. Housing prices have…

KFC Australia is running low on chicken and McDonald’s Japan is restricting sales of french fries

January 12, 2022 2:21 AM CNN Newsource

By Michelle Toh, CNN Business If you’re looking for your usual order at a KFC in Australia or McDonald’s in Japan these days, you might…

Meat is finally getting cheaper. But these other foods aren’t

January 12, 2022 10:59 AM CNN Newsource

Good news: After rising for months, meat prices are finally falling at the grocery store. Bad news: Many other staples are getting more…

Elizabeth Holmes sentencing hearing set for September 26

January 12, 2022 9:58 AM CNN Newsource

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…

Meat is finally getting cheaper. But these other foods aren’t

January 12, 2022 9:15 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business Good news: After rising for months, meat prices are finally falling at the grocery store. Bad news: Many…

Dawn is changing its dish soap bottle with a wacky new lid

January 12, 2022 8:33 AM CNN Newsource

By Jordan Valinsky, CNN Business Getting your dish soap out of the bottle might not be on your top 10 list of daily annoyances. But Procter &…

Surging prices: Key inflation measure hits a 39-year high

January 12, 2022 7:35 AM CNN

By Anneken Tappe, CNN Business Pandemic price hikes didn’t let up in the last month of 2021: A key inflation gauge hit a fresh a 39-year high.…

Another bank ends bounced check fees

January 12, 2022 7:24 AM CNN Newsource

By Paul R. La Monica, CNN Business Fees for bounced checks or lacking enough money in your account are quickly becoming a thing of the past. Wells…

The big test for inflation is 12 months away

January 12, 2022 6:40 AM CNN

By Julia Horowitz, CNN Business Annual consumer inflation in the United States has climbed to 7% as prices rise at the fastest clip in nearly four…

Surging prices: Key inflation measure hits a 39-year high

January 12, 2022 6:39 AM CNN Newsource

By Anneken Tappe, CNN Business Pandemic price hikes didn’t let up in the last month of 2021: A key inflation gauge hit a fresh a 39-year high.…

Ryanair can’t stop trolling Boris Johnson

January 12, 2022 6:10 AM CNN Newsource

By Anna Cooban, CNN Business Ryanair has restarted one of its most popular services: trolling Boris Johnson. The budget airline posted a spoof summer…

The big test for inflation is 12 months away

January 12, 2022 6:07 AM CNN Newsource

By Julia Horowitz, CNN Business Annual consumer inflation in the United States has climbed to 7% as prices rise at the fastest clip in nearly four…

Big Lots is opening 500 stores

January 12, 2022 4:39 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Big Lots is betting shoppers will still want to buy cheap couches and pillows in person for years to come. The…

More than 80 fact-checking organizations call out YouTube’s ‘insufficient’ response to misinformation

January 11, 2022 10:01 PM CNN Newsource

By Clare Duffy, CNN Business A group of more than 80 fact-checking organizations from around the world has called YouTube “one of the major…

Judge rejects Facebook’s request to dismiss FTC antitrust complaint

January 11, 2022 3:49 PM CNN Newsource

By Brian Fung, CNN Business US antitrust officials can continue their case to break up Meta, Facebook’s parent company, a federal judge ruled…

Meta pauses new users from joining analytics tool CrowdTangle

January 11, 2022 3:49 PM CNN

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

Citi to pull out of Mexican consumer banking business

January 11, 2022 3:23 PM CNN Newsource

By Allison Morrow, CNN Business Citigroup is ending its consumer banking operation in Mexico as part of a broad strategic shift under CEO Jane…

Oil prices climb to two-month high

January 11, 2022 2:23 PM CNN Newsource

By Matt Egan, CNN Business US oil prices rose sharply on Tuesday, climbing above $81 a barrel for the first time in two months. Crude closed at…

Oil prices climb to two-month high

January 11, 2022 2:23 PM CNN

By Matt Egan, CNN Business US oil prices rose sharply on Tuesday, climbing above $81 a barrel for the first time in two months. Crude closed at…

Welcoming immigrants would cool off inflation, US Chamber of Commerce CEO says

January 11, 2022 12:58 PM CNN

By Matt Egan, CNN Business The US Chamber of Commerce is calling for doubling the number of legal immigrants into America as a way to ease inflation…

Welcoming immigrants would cool off inflation, US Chamber of Commerce CEO says

January 11, 2022 12:58 PM CNN Newsource

By Matt Egan, CNN Business The US Chamber of Commerce is calling for doubling the number of legal immigrants into America as a way to ease inflation…

United Airlines is reducing flights amid Omicron surge

January 11, 2022 10:18 AM CNN Newsource

by Pete Muntean, CNN United Airlines said it is reducing its flight schedule in hopes of stemming Covid-related staffing shortages that have caused…

This is the worst inflation in nearly 40 years. But it was so much worse back then

January 11, 2022 12:23 PM CNN Newsource

By Chris Isidore, CNN Business US prices for just about everything — from cars and gasoline to food and clothing — are rising at the…

Americans are getting themselves back into debt

January 11, 2022 11:29 AM CNN Newsource

By Alicia Wallace, CNN Business America’s love of debt-fueled spending is making a comeback. During the pandemic, some consumer balance sheets…

Oreo is celebrating its 110th birthday with a first-ever flavor

January 11, 2022 9:34 AM CNN Newsource

By Jordan Valinsky, CNN Business Oreo is trying something totally new for its 110th birthday. For the celebratory occasion, Oreo is releasing a…

Facebook parent Meta delays return to office and will require booster shots

January 11, 2022 9:37 AM CNN Newsource

By Brian Fung, CNN Business Meta, the parent company of Facebook, is delaying its return to US offices until March 28 and will require proof of…

Korean automakers outsold Honda in the US for the first time

January 11, 2022 9:06 AM CNN Newsource

By Peter Valdes-Dapena, CNN Business In 2021, Honda was outsold in the United States by the combined forces of two South Korean brands, Hyundai and…

US grounded planes as a ‘precaution’ after a North Korean missile launch

January 11, 2022 8:28 AM CNN Newsource

By Oren Liebermann, Pete Muntean and Barbara Starr, CNN Business An unusual ground stop was issued to some pilots for a short period of time…

US grounded planes as a ‘precaution’ after a North Korean missile launch

January 11, 2022 7:49 AM CNN

By Oren Liebermann, Pete Muntean and Barbara Starr, CNN Business An unusual ground stop was issued to some pilots for a short period of time…

No more fees for bounced checks at this bank

January 11, 2022 7:32 AM CNN Newsource

By Paul R. La Monica, CNN Business Fees for bounced checks or lacking enough money in your account could soon be a thing of the past. Bank of America…

Drivers, get ready for $4 gas

January 11, 2022 7:10 AM CNN Newsource

Opinion by Tom Kloza for CNN Business Perspectives Americans all over the country have been paying higher prices at the pump. And if Omicron…

It’s the biggest deal in gaming. Why is the FarmVille maker so hot?

January 11, 2022 6:33 AM CNN Newsource

By Julia Horowitz, CNN Business The company behind Grand Theft Auto is ponying up a lot of money to buy Zynga, the mobile game developer best known…

Global experts are very worried about the future, Davos survey finds

January 11, 2022 6:22 AM CNN Newsource

By Charles Riley, CNN Business Many business leaders, politicians and academics are overwhelmingly pessimistic about the threat Covid-19 still poses…

Customers are furious after energy supplier tells customers to cuddle pets to keep warm

January 11, 2022 5:23 AM CNN Newsource

By Lianne Kolirin, CNN Business A British energy supplier has apologized for the “poorly judged and unhelpful” advice sent to customers…

Biden regulators could rain on Trump’s SPAC parade

January 11, 2022 4:43 AM CNN Newsource

By Matt Egan, CNN Business Former President Donald Trump is plotting a return to Wall Street with a new media company taking aim at Big Tech. But…

Another big Chinese real estate developer might need to sell off property

January 11, 2022 12:34 AM CNN Newsource

By Laura He, CNN Business China’s real estate sector is having a rocky start in 2022, as some of the country’s most high-profile…

Crypto CEO becomes one of the world’s richest billionaires

January 10, 2022 11:58 PM CNN Newsource

By Michelle Toh, CNN Business A cryptocurrency CEO has become one of the richest people on Earth. Changpeng “CZ” Zhao, who runs the…

Think 2021 was bad? Not for Rolls-Royce, Bentley and Lamborghini

January 10, 2022 5:24 PM CNN

By Peter Valdes-Dapena, CNN Business Americans may be feeling uneasy about the economy, but if sales of ultra-luxury cars are any indication, the…

Jerome Powell’s pitch for a second term: America can’t afford runaway inflation

January 10, 2022 3:28 PM CNN Newsource

By Matt Egan Federal Reserve Chairman Jerome Powell is pledging not to allow inflation to become ingrained in the American economy, according to…

Google ordered to turn over documents related to anti-union efforts in NLRB case

January 10, 2022 3:14 PM CNN Newsource

By Clare Duffy, CNN Business A judge has ordered Google to turn over hundreds of internal documents — many related to its efforts to quash an…

Dow falls nearly 165 points, but tech stocks make a huge comeback

January 10, 2022 2:44 PM CNN

By Paul R. La Monica, CNN Business For some time, many investing experts have been predicting there will be a shift away from big tech towards value…

Space industry year ahead: SpaceX’s Mars rocket, tourism, and more billionaire battles

January 10, 2022 1:12 PM CNN Newsource

By Jackie Wattles, CNN Business If 2021 was the year of ostentatious displays of wealthy space tourists chartering one-off missions, 2022 promises to…

Robert Durst, convicted murderer and subject of HBO’s ‘The Jinx,’ has died

January 10, 2022 1:04 PM CNN

By Paul Vercammen and Faith Karimi, CNN Robert Durst, the eccentric millionaire who fascinated viewers as the subject of HBO’s documentary…

Robert Durst, convicted murderer and subject of HBO’s ‘The Jinx,’ has died

January 10, 2022 12:39 PM CNN Newsource

By Paul Vercammen and Faith Karimi, CNN Robert Durst, the eccentric millionaire who fascinated viewers as the subject of HBO’s documentary…

Here’s when you can start filing your 2021 federal tax returns

January 10, 2022 10:37 AM CNN Newsource

By Jeanne Sahadi, CNN Business The IRS said Monday it would start accepting 2021 federal tax returns on Monday, January 24. The tax filing deadline…

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

January 8, 2022 6:44 AM CNN Newsource

If you haven’t secured a raise in a while, now’s the time to make your…

Who’s to blame for inflation? It’s complicated

January 10, 2022 10:01 AM CNN Newsource

By Allison Morrow, CNN Business President Joe Biden and other politicians will tell you inflation is Corporate America’s fault. Corporate…

Fox installs right-wing flame-thrower Jesse Watters to 7 p.m. slot, cementing network’s new programming strategy

January 10, 2022 9:36 AM CNN Newsource

By Oliver Darcy, CNN Business Jesse Watters, the right-wing talk show host who throughout his career has courted controversy with incendiary…

In VR, there are no rules, so parents are making up their own

January 10, 2022 9:34 AM CNN Newsource

By Rachel Metz, CNN Business Last summer, Allen Roach saw something that really disturbed him: His then-11-year-old son, Peyton, used a sword to…

Dow falls nearly 165 points, but tech stocks make a huge comeback

January 10, 2022 8:52 AM CNN Newsource

By Paul R. La Monica, CNN Business For some time, many investing experts have been predicting there will be a shift away from big tech towards value…

Goldman Sachs has a new prediction that could affect your wallet

January 10, 2022 8:45 AM CNN Newsource

By Matt Egan, CNN Business The Federal Reserve is likely to raise interest rates four times this year in response to high inflation and low…

Think 2021 was bad? Not for Rolls-Royce, Bentley and Lamborghini

January 10, 2022 8:09 AM CNN Newsource

By Peter Valdes-Dapena, CNN Business Americans may be feeling uneasy about the economy, but if sales of ultra-luxury cars are any indication, the…

Grand Theft Auto, meet FarmVille

January 10, 2022 7:52 AM CNN Newsource

By Paul R. La Monica, CNN Business Zynga, the mobile game developer known for hits like FarmVille, Words With Friends and a popular Texas…

The next front in fighting climate change: your home

January 10, 2022 7:13 AM CNN Newsource

Opinion by Glenn Kelman for CNN Business Perspectives The Build Back Better bill, if it ever comes to pass, now seems unlikely to include any major…

Arby’s new sandwich is so spicy it comes with a free shake

January 10, 2022 7:05 AM CNN Newsource

By Jordan Valinsky, CNN Business Basically every fast food chain has a spicy sandwich on sale, but Arby’s version is so hot that it includes a…

Goldfish is chasing a new demographic: Grown-ups

January 10, 2022 7:00 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business Goldfish is growing up. Pepperidge Farm, which makes the crackers, is rolling out a new line of snacks…

Why shares of homebuilders just plunged

January 10, 2022 6:33 AM CNN Newsource

By Julia Horowitz, CNN Business Looming interest rate hikes are slamming US tech stocks, which dropped sharply last week as investors reassessed how…

Why shares of homebuilders just plunged

January 10, 2022 6:33 AM CNN

By Julia Horowitz, CNN Business Looming interest rate hikes are slamming US tech stocks, which dropped sharply last week as investors reassessed how…

Savannah Guthrie, host of NBC’s ‘Today,’ tests positive for Covid-19

January 10, 2022 5:30 AM CNN Newsource

By Jordan Valinsky, CNN Business Savannah Guthrie, host of NBC’s morning show ‘Today,’ announced Monday that she has Covid-19 —…

Brits face a massive increase in energy bills. BP and Shell could be on the hook to pay

January 10, 2022 5:21 AM CNN Newsource

By Charles Riley, CNN Business The UK government is coming under mounting pressure to increase taxes on oil and gas companies, including BP and…

Why inflation can actually be good for everyday Americans and bad for rich people

January 10, 2022 4:40 AM CNN Newsource

By Allison Morrow, CNN Business No one likes paying more for stuff. That’s why inflation, especially the sharp price increases we’ve seen…

Asia’s richest man is buying the Mandarin Oriental in New York for $98 million

January 10, 2022 12:25 AM CNN Newsource

By Michelle Toh, CNN Business Asia’s biggest billionaire, Mukesh Ambani, has snapped up a controlling stake in the Mandarin Oriental in New…

Top Chinese education company laid off 60,000 people after Beijing’s crackdown last year

January 10, 2022 12:06 AM CNN Newsource

By Laura He, CNN Business China’s largest private education provider laid off 60,000 employees last year as it grappled with fallout from…

Remembering Bob Saget: A ‘sweet guy’ who became ‘accidentally enormously famous’

January 9, 2022 9:26 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…

Remembering Bob Saget: A ‘sweet guy’ who became ‘accidentally enormously famous’

January 9, 2022 9:26 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…

Autoshop owner sued after dumping 500 pounds of pennies on ex-employee’s driveway

January 9, 2022 1:52 PM CNN Newsource

By Ramishah Maruf, CNN Business There are difficult bosses. Then there are bosses who dump over 500 pounds of greasy pennies onto an…

‘More soul searching:’ Facebook’s former elections boss speaks out about the platform

January 9, 2022 11:11 AM CNN Newsource

By Ramishah Maruf, CNN Business Katie Harbath worked for 10 years inside Facebook, where she was most recently the company’s public policy…

‘More soul searching:’ Facebook’s former elections boss speaks out about the platform

January 9, 2022 11:11 AM CNN

By Ramishah Maruf, CNN Business Katie Harbath worked for 10 years inside Facebook, where she was most recently the company’s public policy…

Inflation, explained: Why prices keep going up and who’s to blame

January 9, 2022 6:57 AM CNN Newsource

By Allison Morrow, CNN Business Confused about inflation? You’re not alone. Inflation is, paradoxically, both incredibly simple to understand…

Inflation, explained: Why prices keep going up and who’s to blame

January 9, 2022 6:57 AM CNN

By Allison Morrow, CNN Business Confused about inflation? You’re not alone. Inflation is, paradoxically, both incredibly simple to understand…

Big banks are booming. Now here come earnings

January 9, 2022 6:53 AM CNN Newsource

By Paul R. La Monica, CNN Business The prospect of higher interest rates this year is spooking investors in tech stocks and other high growth…

Meet Wordle, the internet’s latest obsession

January 8, 2022 1:19 PM CNN Newsource

By Ramishah Maruf, CNN Business Wonder what those green and yellow tiles all over your social media feeds are? It’s Wordle, a new no-frills…

CES 2022: 5 takeaways from the giant tech trade show

January 8, 2022 7:17 AM CNN Newsource

By Samantha Murphy Kelly and Clare Duffy, CNN CES, the closely-watched annual consumer electronics show, looked drastically different this year.…

CES 2022: 5 takeaways from the giant tech trade show

January 8, 2022 7:17 AM CNN

By Samantha Murphy Kelly and Clare Duffy, CNN CES, the closely-watched annual consumer electronics show, looked drastically different this year.…

Why Nike, Adidas and Ralph Lauren stuff is getting tougher to find

January 8, 2022 6:52 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Looking to buy Nike sneakers, Adidas sweats, Crocs clogs, Polo shirts or Canada Goose parkas? You’re…

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…