IMF slashes US growth forecast and warns of rising risks to the global economy
By Hanna Ziady, CNN Business The global economic recovery from the coronavirus pandemic is weakening and risks are rising, according to the…
Continue ReadingMoney
LG to pay GM $1.9 billion to cover cost of Bolt recall for battery fires
By Chris Isidore, CNN Business General Motors will be getting $1.9 billion from its battery supplier LG to cover most of the cost of the expensive…
Continue Reading Jamie Dimon bashes bitcoin again, calling it ‘worthless’
By Paul R. La Monica, CNN Business Say what you want about JPMorgan Chase CEO Jamie Dimon, but he’s consistent about his disdain for bitcoin.…
Continue Reading Jamie Dimon says worst of pandemic may soon be over
By Paul R. La Monica, CNN Business JPMorgan Chase CEO Jamie Dimon is not known for mincing words or hiding his emotions. So the fact that the leader…
Continue Reading IMF slashes US growth forecast and warns of rising risks to the global economy
By Hanna Ziady, CNN Business The global economic recovery from the coronavirus pandemic is weakening and risks are rising, according to the…
Continue Reading Elon Musk trolls Jeff Bezos as he widens his lead as the richest person on Earth
By Ramishah Maruf, CNN Business Elon Musk’s personal wealth is now $222 billion, widening his gap as the richest person in the world according…
Continue Reading These 5 Chinese real estate developers are already in trouble
By Anneken Tappe, CNN Business China’s real estate crisis isn’t showing any sign of letting up. Embattled conglomerate Evergrande rattled…
Continue Reading China and India face a deepening energy crunch
By Laura He and Manveena Suri, CNN Business Two of Asia’s largest economies are racing to contain a worsening energy crunch. China is trying to…
Continue Reading China and India face a deepening energy crunch
By Laura He and Manveena Suri, CNN Business Two of Asia’s largest economies are racing to contain a worsening energy crunch. China is trying to…
Continue Reading Evergrande default looms as another developer warns of trouble
By Michelle Toh, CNN Business Evergrande stayed silent Tuesday about its fate after reportedly failing to make interest payments on another…
Continue Reading
Another Facebook whistleblower says she is willing to testify before Congress
By Donie O’Sullivan, CNN Business Sophie Zhang, who said she felt like she had “blood on her hands” after working at Facebook, is…
Continue Reading Leaks to Wall Street Journal and New York Times precipitated Jon Gruden’s resignation from Raiders
By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
Continue Reading Leaks to Wall Street Journal and New York Times precipitated Jon Gruden’s resignation from Raiders
By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
Continue Reading Another Facebook whistleblower says she is willing to testify before Congress
By Donie O’Sullivan, CNN Business Sophie Zhang, who said she felt like she had “blood on her hands” after working at Facebook, is…
Continue Reading Facebook fined $70 million for ‘deliberate’ failure to comply with UK regulator
Walé Azeez, CNN Business The UK competition regulator has slapped Facebook with a $70 million fine for repeatedly ignoring warnings and deliberately…
Continue Reading ‘I was trapped’: Shipping giant investigates alleged rape of 19-year-old during federal training program
By Blake Ellis and Melanie Hicken, CNN International shipping giant Maersk has suspended five crew members and launched an investigation in the wake…
Continue Reading Amazon will let individual teams decide how much time they spend in the office
By Rishi Iyengar, CNN Business Amazon is shifting its approach to remote work again, giving its workers more control over how much time they spend in…
Continue Reading Amazon will let individual teams decide how much time they spend in the office
By Rishi Iyengar, CNN Business Amazon is shifting its approach to remote work again, giving its workers more control over how much time they spend in…
Continue Reading Peak oil is coming. That won’t save the world
By Julia Horowitz, CNN Business The shift to clean energy is sending the oil industry into decline. But the world needs a much more ambitious plan to…
Continue Reading With airline staff at a breaking point, passengers can expect more headaches to come
By Chris Isidore, Gregory Wallace and Pete Muntean, CNN The problems at Southwest Airlines run deeper than the operational meltdown that caused more…
Continue Reading He rented a 10-foot U-Haul truck and drove over 500 miles to get home after Southwest Airlines canceled thousands of flights
By Alisha Ebrahimji and Amanda Jackson, CNN Russ Melchert and his wife flew from Kansas City, Missouri, to Dallas on Friday to watch his alma…
Continue Reading Gas prices skyrocket as the global energy crisis worsens
By Matt Egan, CNN Business The cost of energy was dirt cheap in the spring of 2020 as roads and airports sat nearly empty during the height of the…
Continue Reading Energy crisis could force more UK factories to close
By Walé Azeez, CNN Business British companies that produce steel, paper, glass, cement, ceramics and chemicals say they will be forced to close…
Continue Reading Southwest canceled more than 2,000 weekend flights and the disruption continues
By Ramishah Maruf, CNN Business The long weekend got a bit longer for Southwest customers after the airline canceled more than 2,000 flights Friday…
Continue Reading Elon Musk trolls Jeff Bezos as he widens his lead as the richest person on Earth
By Ramishah Maruf, CNN Business Elon Musk’s personal wealth is now $222 billion, widening his gap as the richest person in the world according…
Continue Reading No college degree? More employers than ever just don’t care
By Jeanne Sahadi, CNN Business If you don’t have a four-year college degree, you’re hardly alone. The majority of US working age adults…
Continue Reading SEC commissioner: Investors have the right to make their own decisions without regulators standing in the way
Opinion by Hester M. Peirce for CNN Business Perspectives As a commissioner at the Securities and Exchange Commission, an important part of my job is…
Continue Reading Goldman Sachs gets even gloomier on the US economy
By Julia Horowitz, CNN Business Goldman Sachs is becoming increasingly pessimistic about the US economy as coronavirus support from the government…
Continue Reading Goldman Sachs gets even gloomier on the US economy
By Julia Horowitz, CNN Business Goldman Sachs is becoming increasingly pessimistic about the US economy as coronavirus support from the government…
Continue Reading 3 economists awarded Nobel for work on real-world experiments
By Charles Riley, CNN Business A trio of economists were awarded the Nobel Prize on Monday for showing that precise — and surprising — answers to…
Continue Reading With airline staff at a breaking point, passengers can expect more headaches to come
By Chris Isidore, Gregory Wallace and Pete Muntean, CNN The problems at Southwest Airlines run deeper than the operational meltdown that caused more…
Continue Reading Hasbro CEO Brian Goldner takes leave of absence for cancer treatment
By Jordan Valinsky, CNN Business Hasbro CEO Brian Goldner is taking medical leave of absence from his role effective immediately, the company…
Continue Reading Southwest canceled more than 2,000 weekend flights and the disruption continues
By Ramishah Maruf, CNN Business The long weekend got a bit longer for Southwest customers after the airline canceled more than 2,000 flights Friday…
Continue Reading 3 economists awarded Nobel for work on real-world experiments
By Charles Riley, CNN Business A trio of economists were awarded the Nobel Prize on Monday for showing that precise — and surprising — answers to…
Continue Reading Another Chinese real estate developer is struggling to pay its debts
By Jill Disis, CNN Business China’s property crisis is ensnaring yet another developer. Modern Land is asking investors for more time to pay…
Continue Reading Chinese coal prices hit record high and power cuts continue
By Laura He, CNN Business Flooding in northern China is hitting a major coal production center hard, sending coal prices soaring and complicating…
Continue Reading Facebook could be facing a Big Tobacco reckoning
By Ramishah Maruf, CNN Business It’s been a tough week for Facebook. Whistleblower Frances Haugen testified to Congress that the company is…
Continue Reading Facebook could be facing a Big Tobacco reckoning
By Ramishah Maruf, CNN Business It’s been a tough week for Facebook. Whistleblower Frances Haugen testified to Congress that the company is…
Continue Reading ‘No Time to Die’ wasn’t a box office blowout. Here’s why
By Frank Pallotta, CNN Business “No Time to Die,” the latest entry in the James Bond franchise, notched an estimated $56 million at the…
Continue Reading McDonald’s is offering free ‘Thank You’ meals to teachers across the country
By Alaa Elassar, CNN Teachers are going to get a little extra lovin’ this week with free breakfast “Thank You” meals from…
Continue Reading Here’s what’s open and closed on Columbus Day
By Ramishah Maruf, CNN Business In many parts of the country, what was traditionally known as Columbus Day is now being celebrated as Indigenous…
Continue Reading Facebook’s success was built on algorithms. Can they also fix it?
By Rachel Metz, CNN Business For billions of people around the world, Facebook can be a source for cute baby pictures, vaccine misinformation and…
Continue Reading We may have reached peak earnings
By Paul R. La Monica, CNN Business Corporate profits soared in the first half of this year, largely because of favorable comparisons to last…
Continue Reading ‘SNL’ has the Facebook whistleblower help Congress understand social media
By Frank Pallotta, CNN Business Social media can be difficult to understand, but luckily for Congress they had the Facebook whistleblower walk them…
Continue Reading ‘SNL’ has the Facebook whistleblower help Congress understand social media
By Frank Pallotta, CNN Business Social media can be difficult to understand, but luckily for Congress they had the Facebook whistleblower walk them…
Continue Reading A fast food chain is bringing corporate employees to work in its restaurants
By Ramishah Maruf, CNN Business National fast food chain Raising Cane’s Chicken Fingers has a new solution to the restaurant industry’s…
Continue Reading How Tesla can sell ‘full self-driving’ software that doesn’t really drive itself
By Matt McFarland, CNN Business Tesla CEO Elon Musk has said the company will roll out the latest beta version of its “full self-driving”…
Continue Reading Grocery store shelves aren’t going back to normal this year
By Nathaniel Meyersohn, CNN Business If you hoped grocery stores this fall and winter would look like they did in the Before Times, with limitless…
Continue Reading What we learned this week in the trial of Elizabeth Holmes
By Sara Ashley O’Brien, CNN Business The fifth week of the trial of Theranos founder Elizabeth Holmes brought another big name witness to the…
Continue Reading The energy crisis couldn’t have come at a worse time for climate
By Kara Fox, CNN Chinese officials are ordering coal plants to dramatically ramp up production. The European Union is facing a revolt over its…
Continue Reading Many Indians can’t prove their loved ones died from Covid. And that could be a problem
By Jessie Yeung, Rhea Mogul and Swati Gupta, CNN As India’s brutal second coronavirus wave ravaged the country this spring, Ankit Srivastava…
Continue Reading Apple asks court to delay changes to the App Store until appeals conclude in Fortnite trial
By Rishi Iyengar, CNN Business Apple is asking a court to put on hold its injunction that would allow iPhone developers to direct users away from the…
Continue Reading Facebook apps hit with two-hour disruption days after massive outage
By Rishi Iyengar, CNN Business Just days after several of its major services went down for about six hours, Facebook on Friday suffered another…
Continue Reading Facebook apps hit with two-hour disruption days after massive outage
By Rishi Iyengar, CNN Business Just days after several of its major services went down for about six hours, Facebook on Friday suffered another…
Continue Reading Facebook will now ban the sale of protected Amazon rainforest land on Marketplace
By Rishi Iyengar, CNN Business Facebook is cracking down on the ability of people to use its e-commerce platforms to sell large parcels of land in…
Continue Reading ‘No Time to Die’ is the most important film of the pandemic era
By Frank Pallotta, CNN Business In the nearly six decades since 1962’s “Dr. No,” one thing has been a constant at the cinema: Bond,…
Continue Reading 136 countries agree to minimum corporate tax rate after Ireland drops its opposition
By Hanna Ziady and Mark Thompson, CNN Business A group of 136 countries have agreed to a global treaty that would tax large multinationals at a…
Continue Reading The debt limit is still a ticking time bomb
Opinion by Jacob J. Lew for CNN Business Perspectives After weeks of partisan gridlock, Congress is on track to extend the debt ceiling, averting a…
Continue Reading How a LinkedIn message paved the way for ‘The Facebook Files’
By Brian Stelter, CNN Business It all started with a LinkedIn message. Wall Street Journal reporter Jeff Horwitz first connected with Frances Haugen,…
Continue Reading How a LinkedIn message paved the way for ‘The Facebook Files’
By Brian Stelter, CNN Business It all started with a LinkedIn message. Wall Street Journal reporter Jeff Horwitz first connected with Frances Haugen,…
Continue Reading These people quit their jobs during the pandemic. Here’s what they’re doing now
By Kathryn Vasel, CNN Business Major life events — like a global pandemic — often lead people to take stock of their lives. And many…
Continue Reading These people quit their jobs during the pandemic. Here’s what they’re doing now
By Kathryn Vasel, CNN Business Major life events — like a global pandemic — often lead people to take stock of their lives. And many…
Continue Reading Nobel winner Dmitry Muratov’s newspaper has long been a thorn in Putin’s side
By Nathan Hodge, CNN Russian investigative newspaper Novaya Gazeta — whose editor-in-chief Dmitry Muratov won the Nobel Peace Prize on Friday —…
Continue Reading Wall Street isn’t sweating the mixed jobs report
By Paul R. La Monica, CNN Business America added far fewer jobs in September than expected, but investors didn’t seem too disappointed: Stocks…
Continue Reading Are you a parent concerned about the impact Instagram is having on your children? Share your family’s story
By Samantha Murphy Kelly, CNN Business A Facebook whistleblower has helped renew concerns that some parents have likely had for years: what impact…
Continue Reading Facebook’s success was built on algorithms. Can they also fix it?
A Facebook whistleblower has helped renew concerns that some parents have likely had for years: what impact social media is having on their…
Continue Reading IMF slashes US growth forecast and warns of rising risks to the global economy
By Hanna Ziady, CNN Business The global economic recovery from the coronavirus pandemic is weakening and risks are rising, according to the…
Continue Reading The debt limit is still a ticking time bomb
Opinion by Jacob J. Lew for CNN Business Perspectives After weeks of partisan gridlock, Congress is on track to extend the debt ceiling, averting a…
Continue Reading US dodges potential financial Armageddon for now
By Charles Riley, CNN Business The Senate voted along party lines to raise the debt ceiling on Thursday, authorizing $480 billion in borrowing that…
Continue Reading Nobel winner Maria Ressa vows to fight for facts and the rule of law
By Ben Westcott, CNN For journalist Maria Ressa, reporting the news has always been the priority. But the newly honored Nobel Peace Prize winner says…
Continue Reading Nobel winner Maria Ressa vows to fight for facts and the rule of law
By Ben Westcott, CNN For journalist Maria Ressa, reporting the news has always been the priority. But the newly honored Nobel Peace Prize winner says…
Continue Reading 136 countries agree to minimum corporate tax rate after Ireland drops its opposition
By Hanna Ziady and Mark Thompson, CNN Business A group of 136 countries have agreed to a global treaty that would tax large multinationals at a…
Continue Reading Another disappointment: US economy adds only 194,000 jobs in September
By Anneken Tappe, CNN Business America’s economic recovery has hit a roadblock: US employers added only 194,000 jobs in September, another…
Continue Reading Gas prices skyrocket as the global energy crisis worsens
By Matt Egan, CNN Business The cost of energy was dirt cheap in the spring of 2020 as roads and airports sat nearly empty during the height of the…
Continue Reading China orders coal mines to increase production as power shortages bite
By Laura He, CNN Business China has ordered its coal mines to ramp up production in a bid to ease a power crisis, as the country struggles to balance…
Continue Reading Nobel winner Maria Ressa vows to fight for facts and the rule of law
By Ben Westcott, CNN For journalist Maria Ressa, reporting the news has always been the priority. But the newly honored Nobel Peace Prize winner says…
Continue Reading Journalists Maria Ressa and Dmitry Muratov win Nobel Peace Prize
By Rob Picheta, CNN The Nobel Peace Prize has been awarded to journalists Maria Ressa and Dmitry Muratov, for their longstanding efforts to safeguard…
Continue Reading Tesla will move its headquarters to Texas, Elon Musk says
By Rob McLean, CNN Business Tesla HQ is getting a new home. “I’m excited to announce that we’re moving our headquarters to Austin,…
Continue Reading Tesla will move its headquarters to Texas, Elon Musk says
By Rob McLean, CNN Business Tesla HQ is getting a new home. “I’m excited to announce that we’re moving our headquarters to Austin,…
Continue Reading Google will prevent climate change deniers from making money from ads
By Rishi Iyengar, CNN Business Google is cracking down on the ability of climate change deniers to make money off its platforms and to spread climate…
Continue Reading Google will prevent climate change deniers from making money from ads
By Rishi Iyengar, CNN Business Google is cracking down on the ability of climate change deniers to make money off its platforms and to spread climate…
Continue Reading The NFL’s ratings are up. Here’s why.
By Frank Pallotta, CNN Business One month into the 2021 season, the NFL’s viewership is up around 17% compared to this time last year. The…
Continue Reading UAE becomes first Gulf state to commit to net zero. Oil will still flow
By Hanna Ziady, CNN Business The United Arab Emirates (UAE) has become the first country in the Persian Gulf to commit to net zero carbon emissions…
Continue Reading Uber faces legal action in UK over racial discrimination claims
By Walé Azeez, CNN Business Uber is facing legal action over its use of facial recognition software that allegedly discriminates against people of…
Continue Reading Uber faces legal action in UK over racial discrimination claims
By Walé Azeez, CNN Business Uber is facing legal action over its use of facial recognition software that allegedly discriminates against people of…
Continue Reading Levi’s says casual comfort is our new normal, and it’s here to stay
By Parija Kavilanz, CNN Business Levi’s says it could take a while before consumers are ready to toss aside a pair of comfy baggy jeans for…
Continue Reading Rachel Maddow says she had surgery for skin cancer
By Jordan Valinsky, CNN Business Rachel Maddow revealed on her show Wednesday that she had surgery for skin cancer. The MSNBC anchor said she’s…
Continue Reading Dow rallies more than 300 points as market volatility continues
By Anneken Tappe, CNN Business There’s no end in sight to the volatility on Wall Street as US stocks rallied again Thursday. The Dow finished…
Continue Reading Buffett pal Charlie Munger is doubling down on Alibaba bet
By Paul R. La Monica, CNN Business Charlie Munger, the 97-year old vice chairman of Warren Buffett’s Berkshire Hathaway, has long been bullish…
Continue Reading UAE becomes first Gulf state to commit to net zero. Oil will still flow
By Hanna Ziady, CNN Business The United Arab Emirates (UAE) has become the first country in the Persian Gulf to commit to net zero carbon emissions…
Continue Reading Russia says Berlin could ease natural gas crisis by approving Nord Stream 2
By Walé Azeez and Katharina Krebs, CNN Business Speedy approval of the controversial Nord Stream 2 pipeline linking Russia with Germany could help…
Continue Reading America’s CEOs are losing confidence in the economy
By Paul R. La Monica, CNN Business US business leaders are still upbeat about the economic recovery. But they’re not as confident as they were…
Continue Reading Here’s why the rest of the jobs recovery will be bumpy
By Anneken Tappe, CNN Business Friday’s jobs report will shed some light on whether August’s disappointing numbers were just a blip —…
Continue Reading Rachel Maddow says she had surgery for skin cancer
By Jordan Valinsky, CNN Business Rachel Maddow revealed on her show Wednesday that she had surgery for skin cancer. The MSNBC anchor said she’s…
Continue Reading Coronavirus aftershocks just keep coming
By Charles Riley, CNN Business We hate to be the bearers of bad news. But the pandemic just keeps delivering setbacks for the global economy. Supply…
Continue Reading Cathie Wood’s Ark Invest is quitting Wall Street and moving to Florida
By Charles Riley, CNN Business Cathie Wood is moving her business to Florida. Ark Investment Management is permanently closing its New York office…
Continue Reading A global energy crisis is coming. There’s no quick fix
By Julia Horowitz, CNN Business Astronomical increases in natural gas prices. Skyrocketing coal costs. Predictions of $100 oil. A global energy…
Continue Reading Here’s why the rest of the jobs recovery will be bumpy
By Anneken Tappe, CNN Business Friday’s jobs report will shed some light on whether August’s disappointing numbers were just a blip —…
Continue Reading Hong Kong developer quits the stock market as Evergrande fallout spreads
By Laura He, CNN Business Chinese Estates Holdings plans to go private after its stock was slammed by fallout from the crisis at Evergrande. The Hong…
Continue Reading India’s $99 billion man is opening the country’s first 7-Eleven
By Michelle Toh, CNN Business India’s richest man is bringing 7-Eleven to the country, adding the convenience store chain to a sprawling…
Continue Reading