This nostalgic childhood drink is now a boozy beverage
By Jordan Valinsky, CNN Business SunnyD, the flavorful orange drink chugged from childhood by millennials, is embracing one of its more collegial…
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Silicon Valley Bank collapses after failing to raise capital
By Allison Morrow and Matt Egan, CNN Silicon Valley Bank collapsed Friday morning after a stunning 48 hours in which a bank run and a capital crisis…
Continue ReadingThe Fed wants to limit wage growth. That’s particularly bad for women
By Nicole Goodkind, CNN The US labor market is remarkably strong — unemployment is sitting at five-decade lows even as the Federal Reserve does all…
Continue ReadingGlobal markets sink after sharp selloff in US bank stocks
By Anna Cooban and Laura He, CNN Markets in Europe and Asia tumbled Friday following a sharp selloff in banking stocks in the United States as a…
Continue ReadingThe US economy added 311,000 jobs in February, outpacing expectations
By Alicia Wallace, CNN The US economy added 311,000 jobs in February, according to the latest monthly employment snapshot from the Bureau of Labor…
Continue ReadingLondon fears for its future as companies defect to Wall Street
By Hanna Ziady, CNN London is used to punching well above its weight in global financial markets. For years, the London Stock Exchange attracted an…
Continue ReadingDisney boss Bob Iger talks about the future of Marvel, ‘Star Wars,’ ESPN, and Hulu
By Oliver Darcy, CNN Bob Iger’s vision for Disney is coming into greater focus. In his appearance at Morgan Stanley’s annual Technology,…
Continue ReadingMore than 3.2 million Calico Critters toys recalled after deaths of two children
By Parija Kavilanz, CNN More than 3.2 million Calico Critters toys that were sold in a set with a baby bottle and pacifier accessories are being…
Continue ReadingUnder legal threat from GOP lawmakers, Mastercard and Visa pause plan to track gun sales
By Nathaniel Meyersohn and Matt Egan, CNN Visa, Mastercard and Discover announced they will pause a plan to implement a new merchant category code…
Continue ReadingMarkets close sharply lower as bank stocks take a beating
By Nicole Goodkind, CNN Fear overtook Wall Street Thursday after SVB Financial Group, a bank that lends primarily to tech companies, told investors…
Continue ReadingFox CEO Lachlan Murdoch dismisses $1.6 billion defamation case revelations as ‘noise’
By Oliver Darcy, CNN Fox Corporation CEO Lachlan Murdoch on Thursday dismissed the revelations from Dominion Voting Systems’ $1.6 billion…
Continue ReadingRussia could weaponize metal exports next, Citi warns
By Julia Horowitz, CNN Russia has restricted exports of natural gas to Europe and announced it will temporarily slash oil output this month in…
Continue ReadingRussia could weaponize metal exports next, Citi warns
By Julia Horowitz, CNN Russia has restricted exports of natural gas to Europe and announced it will temporarily slash oil output this month in…
Continue ReadingThe US economy added 311,000 jobs in February, outpacing expectations
By Alicia Wallace, CNN The US economy added 311,000 jobs in February, according to the latest monthly employment snapshot from the Bureau of Labor…
Continue ReadingMortgage rates rise for the fifth-straight week
By Anna Bahney, CNN Mortgage rates edged further toward 7%, rising for the fifth consecutive week, as the Federal Reserve suggests rate increases…
Continue ReadingEurope’s defense industry is booming as governments stand by Ukraine
By Anna Cooban, CNN After months of soaring stock prices, Europe’s defense companies hardly needed another boost. But a tentative €2 billion…
Continue ReadingGM employees are ‘strongly encouraged’ to consider its voluntary separation program
By Jordan Valinsky, CNN Business General Motors said in January it would save $2 billion without planning any layoffs. But on Thursday it said it was…
Continue ReadingFebruary jobs preview: What to expect after January’s blowout report
By Alicia Wallace, CNN January’s jobs report delivered a heck of a surprise when it showed the US economy had added more than half a million…
Continue ReadingNow even the ‘smart money’ traders are using Reddit for stock tips
By Nicole Goodkind, CNN Reddit investors have been the butt of many jokes over the last few years, but could these much-maligned meme traders have…
Continue ReadingFederal safety regulator probing fatal Tesla crash
By Reuters The National Highway Traffic Safety Administration on Wednesday said it is opening a new special investigation into a February fatal crash…
Continue ReadingWhite House calls Tucker Carlson ‘shameful’ in extraordinary rebuke
By David Goldman, CNN The White House lashed out at Fox News host Tucker Carlson Wednesday in an extraordinary rebuke of the late-night commentator…
Continue ReadingCredit Suisse delays annual report after ‘late call’ from the SEC
By Hanna Ziady, CNN Credit Suisse can’t catch a break. In the latest piece of troubling news, the beleaguered Swiss bank has delayed the…
Continue ReadingJPMorgan Chase sues former executive Jes Staley over Jeffrey Epstein relationship
By David Goldman, CNN JPMorgan Chase sued former executive James Edward “Jes” Staley, who was largely responsible for JPMorgan’s…
Continue ReadingFox News and Dominion spar in new legal filings
By Oliver Darcy, CNN Dominion Voting Systems and Fox News traded barbs in new court filings Wednesday, with the election technology company accusing…
Continue ReadingCrypto-friendly lender Silvergate collapses
By Allison Morrow, CNN Crypto-focused lender Silvergate said it is winding down operations and will liquidate the bank after being financially…
Continue ReadingWhite House calls Tucker Carlson ‘shameful’ in extraordinary rebuke
By David Goldman, CNN The White House lashed out at Fox News host Tucker Carlson Wednesday in an extraordinary rebuke of the late-night commentator…
Continue ReadingWhite House calls Tucker Carlson ‘shameful’ in extraordinary rebuke
By David Goldman, CNN The White House lashed out at Fox News host Tucker Carlson Wednesday in an extraordinary rebuke of the late-night commentator…
Continue ReadingThe cost of food is down, but grocery bills are still up. Here’s why
By Danielle Wiener-Bronner, CNN Why aren’t prices falling at the grocery store? When food producers started raising prices a few years ago,…
Continue ReadingTakeaways from the February jobs report
By Alicia Wallace, CNN February’s jobs report had a little something for everyone. For workers, there were jobs; for employers, there were…
Continue ReadingThe number of available jobs in the US shrank in January
By Alicia Wallace, CNN There’s a slight chill running through the US labor market, but the temperature is still too high for the Federal…
Continue ReadingThe US housing market is short 6.5 million homes
By Anna Bahney, CNN The United States is not building enough homes to account for the number of people setting up their own households. As a result,…
Continue ReadingFox CEO Lachlan Murdoch dismisses $1.6 billion defamation case revelations as ‘noise’
By Oliver Darcy, CNN Fox Corporation CEO Lachlan Murdoch on Thursday dismissed the revelations from Dominion Voting Systems’ $1.6 billion…
Continue ReadingFox Chairman Rupert Murdoch rejected election conspiracy theories, Dominion lawsuit documents show
By Oliver Darcy, Jon Passantino, Marshall Cohen, Nicki Brown, Kate Trafecante, Anna Bahney and Jeanne Sahadi, CNN A trove of text messages, emails,…
Continue ReadingUS safety regulators to investigate Tesla for steering wheels that can fall off
By Chris Isidore, CNN Federal safety regulators are investigating Tesla’s Model Y SUV after at least two instances in which owners said their…
Continue ReadingYeezy fallout could push Adidas into its first annual loss in 31 years
By Anna Cooban, CNN Adidas has warned that it could suffer its first annual operating loss in more than three decades this year, mostly because it…
Continue ReadingJerome Powell’s testimony sent markets reeling. That may be a good thing
By Nicole Goodkind, CNN Federal Reserve Chairman Jerome Powell on Tuesday cleared the way for larger interest rate hikes at this month’s…
Continue ReadingThe cost of food is down, but grocery bills are still up. Here’s why
By Danielle Wiener-Bronner, CNN Why aren’t prices falling at the grocery store? When food producers started raising prices a few years ago,…
Continue ReadingBuying bank stocks before a recession used to be madness. Not anymore
By Anna Cooban, CNN Investors are bucking tradition this year by piling into big bank stocks just as major economies are expected to either slow down…
Continue ReadingIMF chief: Ukraine war will have ‘devastating’ consequences for Russia’s economy
By Julia Horowitz, CNN The International Monetary Fund has drawn criticism for forecasting that Russia will see stronger economic growth this year…
Continue ReadingFox Chairman Rupert Murdoch rejected election conspiracy theories, Dominion lawsuit documents show
By Oliver Darcy, Jon Passantino, Marshall Cohen, Nicki Brown, Kate Trafecante, Anna Bahney and Jeanne Sahadi, CNN A trove of text messages, emails,…
Continue ReadingNTSB launches special safety culture investigation of Norfolk Southern
By Gregory Wallace Citing the “number and significance of recent Norfolk Southern accidents,” federal investigators said Tuesday they…
Continue ReadingUS Justice Department sues to block JetBlue’s purchase of Spirit Airlines
By Chris Isidore, CNN The US Justice Department is suing to stop JetBlue’s proposed $3.8 billion deal to buy discount carrier Spirit Airlines,…
Continue ReadingHoward Schultz will testify before senate committee on Starbucks’ labor practices
By Danielle Wiener-Bronner, CNN Starbucks interim CEO Howard Schultz will testify before a Senate committee about the company’s labor practices…
Continue ReadingTicketmaster goes down again as Eurovision fans rush to snag tickets
By Jessie Gretener and Anna Cooban, CNN Some fans of the Eurovision Song Contest were unable to access Ticketmaster’s website Tuesday, almost…
Continue ReadingWeightWatchers jumps into the prescription weight loss drug business
By Nathaniel Meyersohn, CNN WeightWatchers is getting into the booming prescription weight loss drug business. The company, now known as WW…
Continue ReadingWeightWatchers jumps into the prescription weight loss drug business
By Nathaniel Meyersohn, CNN WeightWatchers is getting into the booming prescription weight loss drug business. The company, now known as WW…
Continue ReadingToyota’s new Prius may be the best argument yet for hybrids
By Peter Valdes-Dapena, CNN Business After I parked a new 2023 Toyota Prius and walked away, I turned around to look at it. Not because I was…
Continue ReadingDebt default would be ‘catastrophic’ event that could kill millions of American jobs, Moody’s warns
By Matt Egan, CNN A breach of the US debt ceiling risks sparking a 2008-style economic catastrophe that wipes out millions of jobs and sets America…
Continue ReadingThere’s a new Reese’s in town, hold the dairy
By Danielle Wiener-Bronner, CNN Vegan Reese’s are happening. Hershey, which makes Reese’s along with Hershey bars, Kisses and other…
Continue ReadingBud Light Seltzer used to run ads joking that people thought it was beer. It’s not a joke anymore
By Jordan Valinsky, CNN Business Bud Light Seltzer has a problem: People still think there’s beer in the spiked seltzer. More than half of the…
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