Money Archives

American and United airlines return to profitability

July 21, 2022 6:44 AM CNN Newsource

By Chris Isidore, CNN Business American and United airlines both reported their first operating profit since the start of the pandemic, as strong…

Mortgage rates tick higher again as recession fears loom

July 21, 2022 8:12 AM CNN Newsource

By Anna Bahney, CNN Business Mortgage rates ticked higher for the second week in a row as more economic indicators flashed warning signs of an…

YouTube will start removing misinformation related to abortion

July 21, 2022 10:01 AM CNN Newsource

By Clare Duffy, CNN Business YouTube on Thursday said it will no longer allow misinformation related to abortion on its platform, including false…

Europe’s economy is in dire straits. This week presents a crucial test

July 21, 2022 9:11 AM CNN

By Julia Horowitz, CNN Business Europe’s economy, which accounts for almost a fifth of the world’s output, is facing its toughest test…

Europe’s economy surprisingly grew last quarter, easing recession fears (for now)

July 21, 2022 9:09 AM CNN

By Anna Cooban and Julia Horowitz, CNN Business Europe’s economy grew unexpectedly in the second quarter of this year, allaying concerns —…

Amazon to buy One Medical for $3.9 billion as it expands healthcare footprint

July 21, 2022 7:36 AM CNN Newsource

By Catherine Thorbecke Amazon on Thursday said it has entered an agreement to acquire primary healthcare company One Medical in an all-cash deal…

Facebook is redesigning the home feed

July 21, 2022 7:35 AM CNN Newsource

By Clare Duffy, CNN Business Facebook’s rumored redesign has arrived. Starting Thursday, the platform is splitting up its main…

Baidu gets permits for first fully driverless taxi service in China

July 21, 2022 6:54 AM CNN

By Catherine Thorbecke, CNN Business Tech giant Baidu announced Monday that it has obtained permits to operate fully autonomous taxis without any…

The European Central Bank raises rates for the first time in 11 years

July 21, 2022 6:21 AM CNN Newsource

By Julia Horowitz, CNN Business In a bold attempt to get inflation under control, the European Central Bank on Thursday announced it would hike its…

Have you recently shifted from part-time to full-time work?

July 21, 2022 5:23 AM CNN Newsource

Workers aren’t settling for part-time work nearly as often as they used to. The number of workers employed in part-time jobs because they…

Rents hit another record high. But it’s still a better deal than buying in most US cities

July 21, 2022 3:59 AM CNN Newsource

By Anna Bahney, CNN Business Rents hit another record high in June, putting more pressure on renters. But with the costs associated with buying a…

Russian and European astronauts conduct rare joint spacewalk

July 21, 2022 2:36 AM CNN Newsource

By Jackie Wattles, CNN Business Two astronauts — one European and one Russian — exited the airlock on the International Space Station for a…

China fines Didi $1.2 billion for violating cybersecurity and data laws

July 21, 2022 1:40 AM CNN Newsource

By Yong Xiong, Larry Register and Laura He, CNN Business China’s cyberspace regulator fined Didi Global just over 8 billion yuan ($1.2 billion)…

Germany bails out its biggest natural gas importer

July 21, 2022 12:58 AM CNN

By Anna Cooban, CNN Business The German government has stepped in to bail out one of its biggest energy companies — the latest casualty of…

Russian gas is flowing to Europe again over the crucial Nord Stream 1 pipeline

July 21, 2022 12:12 AM CNN Newsource

By Irene Nasser and Yong Xiong, CNN Business Gazprom has resumed gas shipments through the Nord Stream 1 pipeline, a vital artery linking…

India’s top court grants bail to Muslim journalist accused of insulting Hindus

July 20, 2022 8:41 PM CNN Newsource

By Esha Mitra and Rhea Mogul, CNN Muslim journalist Mohammed Zubair has been freed from jail on the order of India’s Supreme Court after he was…

These are the keys to 401(k) investing success in a falling market

July 20, 2022 12:09 PM CNN Newsource

By Jeanne Sahadi, CNN Business There really was no place for 401(k) investors to hide in the first half of this year. Even though their portfolios…

US Postal Service says at least 40% of new delivery trucks will be electric

July 20, 2022 2:35 PM CNN Newsource

By Matt McFarland, CNN Business The US Postal Service said Wednesday that at least 40% of its new delivery vehicles will be electric, up from the 10%…

Tesla earnings fall on hit from China Covid surge

July 20, 2022 2:18 PM CNN Newsource

By Chris Isidore, CNN Business Lockdowns caused by the Covid surge in China caused sales and profits to fall at Tesla compared to the first three…

This airline is launching electronic bag tags to speed up airport check-in

July 20, 2022 10:58 AM CNN

By Jennifer Korn, CNN Business Alaska Airlines is rolling out electronic bag tags in an effort to speed up the airport check-in process for…

This airline is launching electronic bag tags to speed up airport check-in

July 20, 2022 10:58 AM CNN Newsource

By Jennifer Korn, CNN Business Alaska Airlines is rolling out electronic bag tags in an effort to speed up the airport check-in process for…

The CEO of Goldman Sachs is worried about a recession

July 20, 2022 10:42 AM CNN Newsource

By Paul R. La Monica, CNN Business The CEO of one of America’s largest banks is worried inflation will remain problematic for a while longer…

The CEO of Goldman Sachs is worried about a recession

July 20, 2022 10:42 AM CNN

By Paul R. La Monica, CNN Business The CEO of one of America’s largest banks is worried inflation will remain problematic for a while longer…

Home prices hit an all-time high, even as sales continue to slow

July 20, 2022 8:13 AM CNN Newsource

By Anna Bahney, CNN Business Home prices hit a new all-time high in June, even as home sales declined for the fifth straight month as a lack of…

Netflix finally told investors what they want to hear. Now comes the hard part

July 20, 2022 6:18 AM CNN Newsource

By Julia Horowitz, CNN Business It wasn’t long ago that Wall Street would have bristled at such grim news out of Netflix: Between April and…

Mega Millions jackpot soars to $630 million after no winner matched all 6 numbers Tuesday

July 19, 2022 9:18 PM CNN Newsource

By Aya Elamroussi, CNN The Mega Millions jackpot has ballooned to $630 million after there were no winners to match Tuesday’s winning six…

Europe’s economy is in dire straits. This week presents a crucial test

July 20, 2022 9:23 AM CNN Newsource

By Julia Horowitz, CNN Business Europe’s economy, which accounts for almost a fifth of the world’s output, is facing its toughest test…

Opinion: The painful market selloff should be over soon

July 20, 2022 8:34 AM CNN Newsource

Opinion by Mark Zandi for CNN Business Perspectives The stock market is having a rough go. Since hitting an all-time high on the first trading day of…

Moms are crossing borders in search of baby formula

July 20, 2022 8:14 AM CNN Newsource

By Parija Kavilanz, CNN Business For one group of workers, the baby formula shortage is a multi-pronged crisis that threatens not only the well-being…

Nearly ‘zero revenue’: Macao’s casinos were burning millions a day. Then came a lockdown

July 20, 2022 7:33 AM CNN Newsource

By Michelle Toh, CNN Business Macao’s casinos have been bleeding hundreds of millions of dollars a month during the pandemic. Now a prolonged…

First on CNN: Goodyear developing airless metal tires for GM’s moon buggy

July 20, 2022 6:17 AM CNN Newsource

By Peter Valdes-Dapena, CNN Business General Motors and Lockheed Martin are working together on a new Lunar Rover. but it needs tires. So, Goodyear…

Russia broke the stock market. Now there’s only one reliable way to make money

July 20, 2022 6:03 AM CNN

By Nicole Goodkind, CNN Business Investors searching for safe havens during the worst inflation in more than 40 years are out of luck. As markets…

Next ‘Squid Game?’ Big ratings on Netflix boosts hope for next Korean hit

July 20, 2022 5:51 AM CNN Newsource

By Michelle Toh, CNN Business A new show about a young female attorney has become another South Korean hit on Netflix, giving investors hope that the…

Europe plans to force countries to ration gas as Russia weaponizes energy

July 20, 2022 5:29 AM CNN Newsource

By Anna Cooban, CNN Business The European Union has unveiled its emergency gas rationing plan — a day before it fears Russia could drastically cut…

Daily Harvest identifies ingredient that may have caused mystery illness in customers

July 19, 2022 4:35 PM CNN Newsource

By Catherine Thorbecke, CNN Business Weeks after Daily Harvest announced the voluntary recall of its French Lentil and Leek Crumbles, the company…

Judge orders October trial for lawsuit between Elon Musk and Twitter

July 19, 2022 4:10 PM CNN

By Clare Duffy, CNN Business In an early victory for Twitter, a judge on Tuesday ruled that the company’s lawsuit against Elon Musk over their…

Chipotle permanently shutters store that filed to unionize

July 19, 2022 3:47 PM CNN Newsource

By Danielle Wiener-Bronner and Chris Isidore, CNN Business Chipotle permanently closed a restaurant in Augusta, Maine that filed to form a union last…

Apple agrees to pay $50 million to settle issues related to its ‘butterfly’ keyboards

July 19, 2022 2:46 PM CNN Newsource

By Catherine Thorbecke, CNN Business Apple has agreed to pay $50 million to settle a class action lawsuit from customers who say they experienced…

Crypto is making a big comeback. Will it last?

July 19, 2022 12:44 PM CNN Newsource

By Paul R. La Monica, CNN Business It has been an absolutely brutal year for investors in bitcoin and other cryptocurrencies. Bitcoin has lost more…

He went to orbit on a SpaceX rocket. Now, he’s working for its archrival

July 19, 2022 1:53 PM CNN Newsource

By Jackie Wattles, CNN Business One of four passengers who joined SpaceX’s first-ever space tourism mission last year and who spent months…

Netflix loses subscribers, but stops the bleeding

July 19, 2022 2:12 PM CNN Newsource

By Frank Pallotta, CNN Business Netflix reported Tuesday that it lost 970,000 subscribers in the second quarter of 2022 — a number far lower than…

Netflix’s vision for the future of streaming: More expensive or less convenient

July 19, 2022 2:12 PM CNN

By Frank Pallotta, CNN Business Netflix lost roughly a million customers last quarter — the most in the company’s 25-year history. But it…

Home building stalls as the real estate market cools. That won’t help affordability

July 19, 2022 2:08 PM CNN Newsource

By Anna Bahney, CNN Business Home builders are hitting the brakes as building costs rise and prospective buyers get priced out of the market. June…

Starbucks CEO on store closings: ‘There are going to be many more’

July 19, 2022 1:26 PM CNN Newsource

By Danielle Wiener-Bronner, CNN Business Starbucks may not be done closing stores over safety concerns. “We are beginning to close…

Amazon sues administrators of more than 11,000 Facebook groups that allegedly brokered fake online reviews

July 19, 2022 12:59 PM CNN Newsource

By Brian Fung, CNN Amazon said Tuesday it has sued the administrators of more than 11,000 Facebook groups allegedly responsible for facilitating the…

Biden administration pushes to close the growing cybersecurity workforce gap

July 19, 2022 12:57 PM CNN Newsource

By Brian Fung, CNN Business The Biden administration is pushing to fill hundreds of thousands of cybersecurity jobs in the United States as part of a…

Not everyone can afford air conditioning during a brutal heat wave. Here’s how they cope

July 19, 2022 12:38 PM CNN Newsource

By Tami Luhby, CNN Even when the temperature soars into the 90s, Linda Morris won’t turn on her air conditioning until she feels she’s…

Not everyone can afford air conditioning during a brutal heat wave. Here’s how they cope

July 19, 2022 12:38 PM CNN

By Tami Luhby, CNN Even when the temperature soars into the 90s, Linda Morris won’t turn on her air conditioning until she feels she’s…

Justice Department opens civil probe into Amazon’s workplace safety practices

July 19, 2022 12:33 PM CNN Newsource

By Kara Scannell, CNN Business The US attorney’s office in Manhattan has opened a civil investigation into workplace safety at Amazon…

Another company called Meta says Facebook rebrand ‘obliterated’ its business

July 19, 2022 10:24 AM CNN Newsource

By Clare Duffy, CNN Business Meta Platforms, the company formerly known as Facebook, has been sued for trademark infringement by MetaX LLC, a company…

Opinion: The pilot shortage is about to get a lot worse

July 19, 2022 8:50 AM CNN Newsource

Opinion by Geoff Murray, Andrew Medland and Rory Heilakka for CNN Business Perspectives The ongoing pilot shortage has already wreaked havoc on…

This is the key to getting the global economy working again

July 19, 2022 6:23 AM CNN Newsource

By Julia Horowitz, CNN Business Global supply chains are still a snarled mess, disrupting deliveries of goods, adding to headaches for businesses and…

GM reports strong sales but says it’s prepared for possible recession

July 19, 2022 6:08 AM CNN

By Chris Isidore, CNN Business General Motors said strong sales and demand for vehicles doesn’t suggest any signs of an economic slowdown, but…

Judge orders October trial for lawsuit between Elon Musk and Twitter

July 19, 2022 5:58 AM CNN Newsource

By Clare Duffy, CNN Business In an early victory for Twitter, a judge on Tuesday ruled that the company’s lawsuit against Elon Musk over their…

Judge orders October trial for lawsuit between Elon Musk and Twitter

July 19, 2022 5:58 AM CNN

By Clare Duffy, CNN Business In an early victory for Twitter, a judge on Tuesday ruled that the company’s lawsuit against Elon Musk over their…

UK workers suffer their biggest pay drop in two decades as inflation bites

July 19, 2022 5:14 AM CNN Newsource

By Anna Cooban, CNN Business Workers in the United Kingdom are struggling with the biggest drop in pay in more than two decades, as surging food and…

The Chevy Blazer EV will be GM’s new mass-market electric SUV

July 18, 2022 8:31 PM CNN Newsource

By Peter Valdes-Dapena, CNN Business General Motors revealed a new electric mid-sized SUV, the Chevrolet Blazer EV, that will go on sale in about a…

KFC just rolled out a new menu item to attract a younger crowd

July 18, 2022 12:18 PM CNN Newsource

By Danielle Wiener-Bronner, CNN Business KFC is trying out a new type of chicken nugget in an effort to attract younger consumers. Starting Monday,…

Staten Island ferry cuts service due to uptick of Covid-19 cases among staff members

July 18, 2022 12:41 PM CNN Newsource

By Vanessa Yurkevich, CNN The Staten Island ferry, known for getting residents and commuters to and from Lower Manhattan to Staten Island in 25…

More US stations are selling gas for less than $4 a gallon

July 18, 2022 1:30 PM CNN Newsource

By Chris Isidore, CNN Business Gasoline for less than $4 a gallon is back, at least in some spots. Nearly one in five gas stations is charging under…

Democrats plan new legislation to establish net neutrality rules

July 18, 2022 12:30 PM CNN Newsource

By Brian Fung, CNN Business Two Democratic senators are planning to reopen a high-stakes battle over internet access in the coming weeks, with a bill…

Starbucks is reportedly considering selling its UK business

July 18, 2022 12:20 PM CNN Newsource

By Danielle Wiener-Bronner, CNN Business As prices surge and the UK economy struggles more than most of its peers, Starbucks is reportedly looking…

France is facing a looming energy crisis. Here’s how the UAE could help as its president touches down in Paris

July 18, 2022 11:11 AM CNN Newsource

By Eoin McSweeney, Mostafa Salem and Celine Alkhaldi France is in the midst of an energy crisis: Russia continues to cut off supply to Europe while…

Netflix is in rough shape. This week will determine its future

July 18, 2022 6:29 AM CNN

By Frank Pallotta and Nicole Goodkind, CNN Business Netflix, once a darling of Wall Street, is suddenly on the ropes. The streaming giant will report…

Zoom has an unlikely new competitor — Snapchat

July 18, 2022 7:02 AM CNN Newsource

By Clare Duffy, CNN Business Unlike many other social media platforms, Snapchat has been available only on mobile since its launch over a decade ago.…

Toys ‘R’ Us is coming back. Soon, it’ll be almost everywhere

July 18, 2022 9:10 AM CNN Newsource

By Ramishah Maruf, CNN Business Once left for dead, Toys “R” Us is making a major comeback. The toy store brand will be just about…

Why Tide Pods look like candy

July 16, 2022 3:00 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business In 2004, Procter & Gamble was looking for a hit. It had been two decades since the consumer products…

Google’s stock just got a lot cheaper

July 18, 2022 9:58 AM CNN Newsource

By Paul R. La Monica, CNN Business One share of Google’s parent company Alphabet is suddenly a lot more affordable for Main Street investors…

Toys ‘R’ Us is coming back. Soon, it’ll be almost everywhere

July 18, 2022 9:10 AM CNN

By Ramishah Maruf, CNN Business Once left for dead, Toys “R” Us is making a major comeback. The toy store brand will be just about…

Goldman Sachs still rules Wall Street: Earnings blow away forecasts

July 18, 2022 8:40 AM CNN Newsource

By Paul R. La Monica, CNN Business Goldman Sachs is clearly still the top dog on Wall Street. The investment banking powerhouse reported earnings and…

The story of a 10-year-old rape victim shows why abortion coverage needs local reporters

July 18, 2022 8:34 AM CNN

By Ramishah Maruf, CNN The attorney general of the state of Ohio couldn’t match the job of a local reporter who confirmed the case of a…

Foreign buyers are slowly returning to the US housing market

July 18, 2022 8:33 AM CNN Newsource

By Anna Bahney, CNN Business Anyone who bought a home — or tried to — over the past couple of years knows that it was rip-roaringly…

British Airways passengers get mid-air email canceling their connecting flight

July 18, 2022 7:30 AM CNN Newsource

By Alexandra Peers, CNN Business It’s always frustrating to find out your flight is canceled. Far more frustrating? Receiving word while…

She warned other women on TikTok about her ex-boyfriend. Then she received a cease-and-desist

July 18, 2022 6:56 AM CNN Newsource

By Sara Ashley O’Brien and Clare Duffy, CNN Business Months after Crystal learned that her boyfriend had been covertly dating at least two…

What recession? America’s banks reveal few signs of trouble

July 18, 2022 6:08 AM CNN Newsource

By Julia Horowitz, CNN Business If a recession were to arrive in the United States, there would normally be evidence of pain at America’s…

Europe braces for a potential gas crisis as historic heatwave boosts demand

July 18, 2022 4:25 AM CNN Newsource

By Anna Cooban, CNN Business Europe is bracing for the potential of a full-blown gas crisis later this week just as an historic heatwave has hiked…

China scrambles to defuse alarm over mortgage boycotts and banks runs

July 18, 2022 3:35 AM CNN Newsource

By Laura He, CNN Business China is trying to ease panic over two of the biggest issues threatening social stability in the country—mortgage…

India hits 2 billion Covid-19 vaccinations as infections hit four-month high

July 17, 2022 7:13 PM CNN Newsource

Story by Reuters The Indian government’s Covid-19 vaccinations hit 2 billion on Sunday, with booster doses underway for all adults, as daily…

The story of a 10-year-old rape victim shows why abortion coverage needs local reporters

July 17, 2022 1:17 PM CNN Newsource

By Ramishah Maruf, CNN The attorney general of the state of Ohio couldn’t match the job of a local reporter who confirmed the case of a…

The story of a 10-year-old rape victim shows why abortion coverage needs local reporters

July 17, 2022 1:17 PM CNN

By Ramishah Maruf, CNN The attorney general of the state of Ohio couldn’t match the job of a local reporter who confirmed the case of a…

Netflix is in rough shape. This week will determine its future

July 17, 2022 5:27 AM CNN Newsource

By Frank Pallotta and Nicole Goodkind, CNN Business Netflix, once a darling of Wall Street, is suddenly on the ropes. The streaming giant will report…

The truth, and strategy, of food expiration dates

July 17, 2022 2:38 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business When you walk into a supermarket and pick up an item — anything from milk to cereal to a can of beans —…

How companies subtly trick users online with ‘dark patterns’

July 16, 2022 7:14 AM CNN Newsource

By Catherine Thorbecke, CNN Business An “unsubscribe” option that’s a little too hard to find. A tiny box you click, thinking it…

Biden averts freight railroad strike – for now

July 15, 2022 4:40 PM CNN

By Chris Isidore and Betsy Klein, CNN Business Worried about supply chain problems that are already causing problems for the nation’s economy,…

This supercharged tree might help fight climate change

July 15, 2022 10:39 AM CNN Newsource

By Matt McFarland, CNN Business The problem with trees is that they are too slow. Part of the issue with catastrophic climate change is that, by some…

Weston man wins Idaho Cash jackpot of $160,400

July 15, 2022 2:27 PM News Team

A Weston man who is a regular Idaho Lottery Draw Game player won $160,400 playing his favorite game, Idaho…

Biden averts freight railroad strike – for now

July 15, 2022 1:34 PM CNN Newsource

By Chris Isidore and Betsy Klein, CNN Business Worried about supply chain problems that are already causing problems for the nation’s economy,…

Hertz faces lawsuit from 47 customers claiming false arrests

July 15, 2022 1:18 PM CNN Newsource

By Matt McFarland, CNN Business 47 Hertz customers have filed a lawsuit against the rental company that describes horror stories after they were…

Stocks end tumultuous week with a rally

July 15, 2022 11:51 AM CNN Newsource

By Nicole Goodkind, CNN Business US stocks surged Friday as an end-of-week rally gained momentum and sent the Dow up over 600 points. A new batch of…

SpaceX rockets to fly Russian cosmonauts with new NASA deal

July 15, 2022 11:15 AM CNN Newsource

By Jackie Wattles and Uliana Pavlova, CNN Business American and Russian astronauts will once share space aboard the same spacecraft after NASA and…

This supercharged tree might help fight climate change

July 15, 2022 10:54 AM CNN

By Matt McFarland, CNN Business The problem with trees is that they are too slow. Part of the issue with catastrophic climate change is that, by some…

Mega Millions jackpot tops half a billion dollars after Friday night’s drawing

July 15, 2022 9:45 AM CNN Newsource

By Alisha Ebrahimji and Jamiel Lynch, CNN The Mega Millions jackpot has swelled to more than half a billion dollars after nobody drew the winning six…

This one thing is pushing up the price of almost everything you buy

July 15, 2022 8:04 AM CNN

Martha C. White Although prices at the pump serve as one of the most prominent symbols of rampant inflation, economists are more worried about the…

Americans are feeling slightly better about the economy, but inflation still bites

July 15, 2022 9:28 AM CNN Newsource

By Alicia Wallace, CNN Business Americans are feeling slightly better about the economy, but painfully high inflation is still keeping consumer…

Employers who want workers in the office more often may be in for a fight

July 15, 2022 8:15 AM CNN Newsource

By Kathryn Vasel, CNN Business Many employers have made it clear that they want their workers to return to the office — at least part of the…

This one thing is pushing up the price of almost everything you buy

July 15, 2022 8:04 AM CNN Newsource

Martha C. White Although prices at the pump serve as one of the most prominent symbols of rampant inflation, economists are more worried about the…

China extends property loans at the fastest pace in three years as mortgage crisis spreads

July 15, 2022 7:16 AM CNN

By Laura He, CNN Business China’s banking regulator has pledged to boost lending to help developers finish stalled property projects and boost…

Energy saved US markets last quarter. Now the sector is losing power

July 15, 2022 5:55 AM CNN Newsource

By Nicole Goodkind, CNN Business US markets took a beating on Thursday as big bank earnings delivered disappointing results. Markets and the economy…

China’s economy records slowest growth since the start of 2020

July 14, 2022 9:24 PM CNN Newsource

By Laura He, CNN Business China’s economy has recorded its worst quarterly performance in over two years, after months of harsh Covid lockdowns…

Uber’s safety issues still loom large: Another five passengers sue company over alleged sexual assault incidents

July 14, 2022 6:00 PM CNN Newsource

By Sara Ashley O’Brien, CNN Business Five more passengers are suing Uber over alleged sexual assault incidents that occurred in recent months…