Money Archives

Party City filed for bankruptcy protection Tuesday. A Party City retail store in the Queens borough of New York City is pictured here in January 2022.

America’s largest party supply store files for bankruptcy

January 18, 2023 6:23 am CNN Newsource

By Nathaniel Meyersohn, CNN Party City filed for bankruptcy protection Tuesday, weighed down by competition and years of financial losses. The…

Wholesale price growth cooled off significantly in December. An employee works on a car on the assembly line at the BMW Spartanburg plant in Greer

Wholesale prices show inflation continued to fall in December

January 18, 2023 5:33 am CNN Newsource

By Chris Isidore, CNN Wholesale price growth cooled off significantly in December, the Bureau of Labor Statistics reported Wednesday, indicating that…

The Federal Reserve is testing how climate change could hurt big banks

January 18, 2023 4:34 am CNN Newsource

By Nicole Goodkind, CNN The largest six banks in the United States have been given until July to show the Federal Reserve what effects disastrous…

Shopping carts keep disappearing from stores

January 18, 2023 4:13 am CNN

By Nathaniel Meyersohn, CNN Santa Fe, New Mexico, paid a local contractor $47,000 to round up about 3,000 shopping carts around the city in 2021 and…

Beauty products under lock and key at a Walgreens in New York City.

Stores say shoplifting is a national crisis. The numbers don’t back it up

January 18, 2023 4:13 am CNN Newsource

By Nathaniel Meyersohn, CNN The masked thief rode into a Walgreens in San Francico on a bicycle, pedaled to an aisle in the health and wellness…

Global oil demand could hit its highest-ever level this year as China reopens. Pictured is an oil and gas field in China's Aksu Prefecture on January 4.

Global oil demand could hit record high as China reopens

January 18, 2023 3:54 am CNN Newsource

By Anna Cooban, CNN Global oil demand is expected to hit its highest-ever level this year on the back of China’s swift reopening of its…

United Nations Secretary-General António Guterres addresses the World Economic Forum

‘Inconsistent with human survival’: UN chief slams fossil fuel industry expansion in Davos speech

January 18, 2023 2:32 am CNN Newsource

By Ivana Kottasová, CNN The UN Secretary General has accused fossil fuel producers and their financial backers of “racing to expand…

Macao gambling promoter Alvin Chau sentenced to 18 years – public broadcaster

January 18, 2023 2:18 am CNN Newsource

Philip Wang Alvin Chau, one of Macao’s high-profile gambling promoters, has been sentenced to 18 years in prison for racketeering and illegal…

The darkened Braamfontein district in central Johannesburg during a load shed on January 15.

South Africa’s energy crisis deepens as blackouts hit 12 hours a day

January 18, 2023 12:57 am CNN Newsource

By Hanna Ziady, CNN South Africa’s President Cyril Ramaphosa was forced this week to cancel a trip to Davos by an escalating energy crisis that…

Women living in states that restrict or ban abortion face greater economic insecurity than those living in states where they have access. Activists protest outside the Indiana Statehouse in Indianapolis

Women living in states with abortion bans suffer greater economic insecurity

January 17, 2023 9:06 pm CNN

By Vanessa Yurkevich, CNN Women living in states that restrict or ban abortion face greater economic insecurity than those living in states where…

Women living in states with abortion bans suffer greater economic insecurity

January 17, 2023 9:06 pm CNN Newsource

By Vanessa Yurkevich, CNN Women living in states that restrict or ban abortion face greater economic insecurity than those living in states where…

The yen plunged on Wednesday after the Bank of Japan decided to maintain its ultra-easy monetary policy. The Bank of Japan Governor Haruhiko Kuroda is pictured here in Tokyo

Yen falls after Bank of Japan maintains ultra-easy policy

January 17, 2023 8:22 pm CNN Newsource

By Laura He, CNN The yen plunged on Wednesday after the Bank of Japan decided to maintain its ultra-easy monetary policy, defying market expectations…

People step down the stairs inside the Davos Congress Center at the eve of the annual meeting of the World Economic Forum in Davos

What we learned at Davos: The economy is a mess, but there’s still hope

January 17, 2023 1:41 pm CNN

By Nicole Goodkind, CNN Friday marks the end of the annual World Economic Forum meeting in Davos, Switzerland, an elite gathering of some of the…

Regulators conducting interviews in JFK airport near-crash probe

January 17, 2023 1:00 pm CNN Newsource

By Pete Muntean and Gregory Wallace, CNN Investigators are probing the narrowly avoided catastrophic collision between two airliners at New…

The Tesla Model S that braked sharply and triggered an eight-car crash in San Francisco in November had the automaker's controversial driver-assist software engaged at the time

Tesla-induced pileup involved driver-assist tech, government data reveals

January 17, 2023 12:44 pm CNN Newsource

By Matt McFarland, CNN Business The Tesla Model S that braked sharply and triggered an eight-car crash in San Francisco in November had the…

Tesla reports record earnings but tighter profit margins

January 17, 2023 12:44 pm CNN

By Chris Isidore, CNN Tesla reported record profits for the fourth quarter and the full year, but its profit margins were tighter due to higher…

Ousted Disney chief executive Bob Chapek

Ousted Disney CEO Bob Chapek will get $20 million exit pay

January 17, 2023 11:48 am CNN Newsource

By Jordan Valinsky, CNN Ousted Disney chief executive Bob Chapek is set to receive a hefty paycheck following his exit. The Walt Disney Company said…

Elon Musk is being sued over his ‘funding secured’ tweet. Here’s what you need to know

January 17, 2023 10:19 am CNN Newsource

By Chris Isidore, CNN A four-year old tweet from Elon Musk has the Tesla CEO back in court starting Tuesday. Musk, Tesla and other Tesla directors…

A World Economic Forum survey found chief economists downbeat about the prospects for 2023. But executives are becoming cautiously optimistic.

No recession after all? Business leaders are more hopeful as China reopens

January 17, 2023 9:02 am CNN Newsource

By Julia Horowitz, CNN Bullishness about the global economy has been in short supply among business leaders in recent months, with fears of recession…

Americans have already started to rein in their spending

Americans are already starting to pull back on their spending, survey shows

January 17, 2023 8:51 am CNN Newsource

By Alicia Wallace, CNN Americans have already started to rein in their spending — and expect to pull back some more this year, according to a…

Europe’s ban on Russian diesel could send pump prices even higher

January 17, 2023 8:01 am CNN Newsource

By Anna Cooban, CNN Europe is scrambling to buy diesel fuel from Russia before a ban on imports comes into force in early February, but the frantic…

Goldman Sachs and Morgan Stanley both reported substantial drops in revenue and profit for the fourth quarter on Tuesday.

Goldman Sachs and Morgan Stanley both hit hard by deal drought

January 17, 2023 7:30 am CNN Newsource

By Paul R. La Monica, CNN Let’s not make a deal? Investment banking powerhouses Goldman Sachs and Morgan Stanley both reported substantial…

The Chevrolet Corvette E-Ray is the first-ever hybrid Corvette

January 17, 2023 6:11 am CNN

By Peter Valdes-Dapena, CNN Exactly 70 years after the very first Chevrolet Corvette was unveiled in January, 1953, General Motors revealed the first…

The Chevrolet Corvette E-Ray is the first-ever hybrid Corvette

January 17, 2023 6:11 am CNN Newsource

By Peter Valdes-Dapena, CNN Exactly 70 years after the very first Chevrolet Corvette was unveiled in January, 1953, General Motors revealed the first…

Rich travelers will have to pay more to fly if the aviation industry is to transition to greener fuels

The rich should pay higher fares to clean up aviation, says Heathrow boss

January 17, 2023 4:41 am CNN Newsource

By Hanna Ziady, CNN Rich travelers will have to pay more to fly if the aviation industry is to transition to greener fuels, the boss of one of the…

The world is in debt and the demand for debt keeps on increasing.

The world has a major debt problem. Is a reset coming?

January 17, 2023 4:37 am CNN Newsource

By Nicole Goodkind, CNN Business The world is in debt. A record amount of debt. Three hundred trillion dollars, to be exact. That’s the total…

The world has a major debt problem. Is a reset coming?

January 17, 2023 4:37 am CNN

By Nicole Goodkind, CNN Business The world is in debt. A record amount of debt. Three hundred trillion dollars, to be exact. That’s the total…

Publicis Group CEO Arthur Sadoun made the decision to be transparent about his cancer diagnosis with his employees

A lot of people hide their cancer diagnosis from their bosses. These companies aim to change that

January 17, 2023 4:01 am CNN Newsource

By Jeanne Sahadi, CNN After having surgery to remove a small cancerous tumor from his neck last year, Publicis Groupe CEO Arthur Sadoun decided to…

India is set to become the world's most populous country. A huge crowd here thronged India Gate on New Year's Eve on December 31

India is set to become the world’s most populous country. Can it create enough jobs?

January 17, 2023 3:33 am CNN Newsource

By Diksha Madhok, CNN India will overtake China this year to become the world’s most populous country. The likelihood of India passing that…

China's population shrank in 2022 for the first time in more than 60 years. Pictured is a market in Dali

China records first population decline in 60 years

January 16, 2023 8:15 pm CNN Newsource

By Simone McCarthy, CNN China’s population shrank in 2022 for the first time in more than 60 years, a new milestone in the country’s…

China's economy in 2022 marks one of the worst performances in nearly half a century. Pictured is a shopping area in Chengdu

China posts one of its worst economic performances in decades because of Covid

January 16, 2023 7:02 pm CNN Newsource

By Laura He, CNN China’s economy expanded by just 3% in 2022, far below the government’s own target, marking one of the worst…

Netflix plans its biggest-ever slate of Korean content

January 16, 2023 4:18 pm CNN Newsource

By Michelle Toh, CNN Netflix is planning its largest-ever lineup of South Korean content, with 34 new and returning titles set to roll out this year.…

A server wearing a protective mask and gloves carries drinks at a restaurant in Montclair

Are you a restaurant worker who recently came back to the industry? Tell us about it

January 16, 2023 12:53 pm CNN Newsource

By Alicia Wallace, CNN At the onset of the pandemic, the restaurant business was one of the hardest hit in the United States. More than 5 million…

Why some cars from the 1990s are soaring in value

January 16, 2023 10:12 am CNN Newsource

By Peter Valdes-Dapena, CNN Business Not that long ago, cars from the 1990s were just used cars. And, really, most of them still are, if…

The container ship Ever Libra (TW) is moored at the Port of Los Angeles on November 21

Covid broke supply chains. Now on the mend, can they withstand another shock?

January 16, 2023 9:50 am CNN Newsource

By Alicia Wallace, CNN The pandemic dislodged the global supply chain, hurling once smoothly running businesses, industries and economies into a…

Bitcoin and other cryptocurrencies are rallying in 2023.

Bitcoin rallies 25% as crypto markets rebound

January 16, 2023 7:36 am CNN Newsource

By Allison Morrow, CNN The bitcoin bulls are back. After getting pummeled by losses for the better part of last year, bitcoin and other…

Used cars prices have dropped in December. Pictured is car dealership in National City

The steep plunge in used car prices — what it means, and what’s ahead

January 16, 2023 6:53 am CNN Newsource

By Chris Isidore, CNN Business Tracking used car prices is enough to give anyone whiplash. Since the start of the pandemic and the resulting…

The top 1% have captured nearly twice as much new wealth as the rest of the world over the past two years

The top 1% captured nearly twice as much new wealth as the rest of the world over last two years

January 16, 2023 5:43 am CNN

By Tami Luhby, CNN The world’s wealthiest residents have been getting far richer, far faster than everyone else over the past two years. The…

Global air traffic will return to pre-pandemic levels in June

Global air traffic may return to pre-Covid levels in June, with China leading the way

January 15, 2023 11:58 pm CNN Newsource

By Michelle Toh, CNN Global air traffic will boom this year, returning to pre-pandemic levels in June, according to a new report. On Monday,…

Guangdong spent a total of $22 billion on eliminating Covid-19 before the country abruptly abandoned its zero-Covid policy. Firefighters here disinfect a street in Bijie

One Chinese province spent $22 billion on eliminating Covid before policy U-turn

January 15, 2023 11:43 pm CNN Newsource

By Laura He, CNN A number of regional governments in China have revealed the enormous sums they’ve spent on fighting the pandemic, reinforcing…

The top 1% captured nearly twice as much new wealth as the rest of the world over last two years

January 15, 2023 4:01 pm CNN Newsource

By Tami Luhby, CNN The world’s wealthiest residents have been getting far richer, far faster than everyone else over the past two years. The…

SpaceX's Falcon Heavy rocket takes off from Kennedy Space Center in Florida on January 15.

SpaceX’s most powerful rocket returns to flight and nails synchronized landing

January 15, 2023 3:35 pm CNN Newsource

By Jackie Wattles, CNN SpaceX’s Falcon Heavy rocket, the towering launch vehicle known for its boosters’ aerial acrobatics and…

Mounds of dirt and stones mark 14 graves of children who recently died from malnutrition and measles in Somalia. The Horn of African country is suffering from its worst drought in decades

Russia’s war in Ukraine sparked a historic food crisis. It’s not over

January 15, 2023 8:05 am CNN Newsource

By Julia Horowitz, CNN Grain is once again leaving Ukrainian ports. The price of fertilizer is falling sharply. Billions of dollars in aid has been…

Twitter’s laid-off workers cannot pursue claims via class-action lawsuit, judge says

January 15, 2023 7:15 am CNN Newsource

Reuters Twitter has secured a ruling allowing the social media company to force several laid-off workers suing over their termination to pursue their…

A pedestrian passes a Target store in the Tenleytown neighborhood of Washington

What’s open and closed on MLK Day 2023

January 15, 2023 5:01 am CNN Newsource

By Ramishah Maruf, CNN Martin Luther King Jr. Day celebrates the birthday of civil rights leader the Rev. Martin Luther King Jr., who won the Nobel…

Traders work on the floor of the New York Stock Exchange during morning trading on January 4

Forget inflation, it’s all about earnings

January 15, 2023 4:30 am CNN Newsource

By Nicole Goodkind, CNN To everything there is a season and now is the time for earnings. Over the past few weeks investors have been squarely…

Gen Z has a new ‘vintage’ technology to obsess over

January 15, 2023 3:47 am CNN Newsource

By Ramishah Maruf, CNN First, it was disposable cameras. Then it was low-rise jeans. Now, Gen-Z’s latest “vintage” obsession is the…

Shane Co. will pay you $1,500 to go on 15 first dates

January 15, 2023 12:04 am CNN Newsource

By Emmy Abbassi, CNN Tired of going on awkward first dates? Maybe some cash will incentivize you. Shane Co. is offering to pay one reluctant romantic…

How WWE’s Vince McMahon ruthlessly got his job back despite allegations of sexual assault and misuse of company funds

January 14, 2023 12:15 pm CNN Newsource

By Kyle Feldscher, CNN Professional wrestling is known for its outlandish, dramatic stories that have captivated generations. It’s an athletic…

A basket sits near a cash register at a Best Buy Co. store in Downers Grove

Best Buy, Dunkin’ and Starbucks changed their rewards programs. Then came the backlash

January 14, 2023 4:03 am CNN Newsource

By Nathaniel Meyersohn, CNN If you want to earn rewards points at Best Buy, you’ll have to take out a Best Buy credit card to be able to redeem…

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