Money Archives

The Regal Cinema marquee in Times Square.

The world’s second biggest movie theater chain is in trouble

August 19, 2022 8:17 am CNN Newsource

By Anna Cooban, CNN Business The owner of Regal Cinemas is having a tough time — its stock crashed as much as 80% Friday after reports that its…

Couples are swapping out natural diamonds in rings for larger, cheaper lab-made ones

August 19, 2022 3:54 am CNN Newsource

By Parija Kavilanz, CNN Business Lab-grown diamonds have become so popular with consumers that some couples are asking jewelers to swap the natural…

A photographer and stylist view an image of a dining room set up at the Wayfair Inc. photo studio in Westborough

Wayfair is cutting 5% of its global workforce

August 19, 2022 6:07 am CNN Newsource

By Jordan Valinsky, CNN Business Wayfair is cutting nearly 900 jobs, or about 5% of the once-hot online retailer’s global workforce, as it…

America’s small businesses are running out of workers

August 19, 2022 6:01 am CNN Newsource

Martha C. White for CNN Business The pandemic forced Freed Bodyworks, a wellness center offering massage therapy, yoga, acupuncture, mental health…

The cord has been cut. Streaming is more watched than cable

August 19, 2022 4:38 am CNN Newsource

By Jordan Valinsky, CNN Business The cord has been cut. For the first time ever, Americans are watching more streaming TV than cable, according to a…

Has the bear market really gone into early hibernation?

August 19, 2022 4:29 am CNN Newsource

By Nicole Goodkind, CNN Business The bears and bulls are at it again. Markets have seemingly recovered from a miserable downturn in mid-June that…

Computer chips were in high demand. Then inflation kicked in

August 18, 2022 12:48 pm CNN

By Julia Horowitz, CNN Business When consumers were stuck inside during the early stages of the Covid-19 pandemic, there weren’t many places to…

San Francisco Federal Reserve president Mary Daly

Expect interest rate hikes to continue into 2023, Fed official says

August 18, 2022 12:48 pm CNN Newsource

By Nicole Goodkind, CNN Business San Francisco Federal Reserve president Mary Daly said Thursday morning that raising interest rates by either half…

Most electric cars are quiet. But Dodge says its future electric muscle car will be super loud

August 18, 2022 12:34 pm CNN

By Peter Valdes-Dapena, CNN Business Dodge, famous for offering cars with big and powerful V8 engines, is phasing out some of its iconic, gas-powered…

The NCAA's Big Ten Conference announced on August 18 it has reached a media rights agreement with CBS

The Big Ten Conference signs media rights deal reportedly worth over $1 billion per year

August 18, 2022 11:33 am CNN Newsource

By Homero De la Fuente, CNN The NCAA’s Big Ten Conference announced on Thursday it has reached a massive media rights agreement with CBS, FOX,…

Kohl’s has an inventory mess on its hands

August 18, 2022 11:14 am CNN Newsource

By Parija Kavilanz, CNN Business Kohl’s can’t seem to catch a break, and it may have only itself to blame. The department store chain on…

CNN is ending ‘Reliable Sources with Brian Stelter’

August 18, 2022 11:03 am CNN Newsource

By Frank Pallotta, CNN Business CNN’s “Reliable Sources with Brian Stelter” is coming to an end. The company announced Thursday…

Netflix sues creators of unofficial Bridgerton musical

August 18, 2022 9:32 am CNN Newsource

By Alexandra Peers, CNN Business On Christmas Day 2020, Netflix premiered “Bridgerton,” an old-fashioned lushly designed Regency Romance.…

Investigation into Vince McMahon’s hush money payments reportedly turns up Trump charity donations

August 18, 2022 9:11 am CNN Newsource

By Frank Pallotta, CNN Business Even after Vince McMahon, the former WWE chief executive, retired from the company amid an investigation into his…

The national average for diesel dipped slightly below $5 a gallon on August 18 for the first time since March 9

Diesel slides below $5 a gallon for the first time since March

August 18, 2022 9:10 am CNN Newsource

By Matt Egan The cost of diesel has tumbled from record highs, easing inflationary pressure on everything from trucking and farming to construction.…

Shares of Bed Bath & Beyond have surged more than 60% in the past week and soared nearly 250% in the past month thanks to meme investors on Reddit.

Bed Bath & Bonkers: Retailer’s stock plunges following wild surge

August 18, 2022 8:32 am CNN Newsource

By Paul R. La Monica, CNN Business The saga of struggling retailer Bed Bath & Beyond keeps getting curiouser and curiouser. Shares of the…

Mortgage rates drop amid signs that inflation may have finally peaked

August 18, 2022 7:37 am CNN Newsource

By Anna Bahney, CNN Business Mortgage rates ticked lower last week, falling back toward the 5% mark following economic reports that indicated…

Home sales declined for the sixth month in a row in July as higher mortgage rates and prices push prospective buyers out of the market. A 'for sale' sign hangs in front of a home on June 21 in Miami.

Home sales fell for the sixth month in a row, but prices kept rising

August 18, 2022 7:33 am CNN Newsource

By Anna Bahney, CNN Business Home sales declined for the sixth month in a row in July as higher mortgage rates and prices push prospective buyers out…

Hyundai Ioniq 5 named Car and Driver’s EV of the Year

August 18, 2022 6:04 am CNN Newsource

By Peter Valdes-Dapena, CNN Business Hyundai’s Ioniq 5, an electric-only model with a sharp-edged design, was named Car and Driver’s…

Why junk food stocks are surging

August 18, 2022 4:32 am CNN Newsource

By Nicole Goodkind, CNN Business People are stressed out and exhausted. The past two and a half years, full of public health crises, recession and…

American farmers are killing their own crops and selling cows because of extreme drought

August 17, 2022 11:51 pm CNN

By Vanessa Yurkevich, CNN Business Nearly three quarters of US farmers say this year’s drought is hurting their harvest — with…

Dry grass is seen here in Greenwich Park

Extreme heat is slamming the world’s three biggest economies all at once

August 18, 2022 2:47 am CNN Newsource

By Julia Horowitz, CNN Business Estimating just how catastrophic climate change will be for the global economy has historically proven challenging.…

The United States and Taiwan have agreed to launch negotiations on a new trade and investment pact. Taiwan's Chief trade negotiator John Deng speaks to Reuters at his office in Taipei on June 7.

US and Taiwan agree to start talks on a trade and investment pact

August 18, 2022 2:34 am CNN Newsource

By Wayne Chang and Lauren Lau, CNN Business The United States and Taiwan have officially agreed to launch negotiations on a new trade and investment…

Office workers are pictured carrying umbrellas to shield themselves from the sun in Hangzhou

China’s growth forecasts slashed as heatwave hits industrial heartlands

August 18, 2022 1:56 am CNN Newsource

By Laura He, CNN Business China’s economic growth forecasts have been downgraded further by major investment banks, as the country grapples…

Sexual assault accuser wore ‘provocative’ clothing, Indian judge rules

August 18, 2022 12:35 am CNN Newsource

By Rhea Mogul and Manveena Suri, CNN A judge in southern India has ruled a woman wore “provocative” clothing, effectively dismissing her…

Most electric cars are quiet. But Dodge says its future electric muscle car will be super loud

August 17, 2022 4:01 pm CNN Newsource

By Peter Valdes-Dapena, CNN Business Dodge, famous for offering cars with big and powerful V8 engines, is phasing out some of its iconic, gas-powered…

Strippers at LA strip club want to join actors’ union

August 17, 2022 3:17 pm CNN Newsource

By Chris Isidore, CNN Business Strippers at the Star Garden Topless Dive Bar in North Hollywood, California, have filed with the National Labor…

Ohio judge rules Walmart, CVS, and Walgreens must pay a combined $650.6 million for damages related to opioid crisis

August 17, 2022 2:55 pm CNN Newsource

By Laura Ly, CNN Walmart, CVS, and Walgreens must pay a combined $650.6 million to two Ohio counties for damages related to the opioid crisis, a…

Even dollar stores are starting to feel the pinch from inflation

August 17, 2022 11:26 am CNN

By Paul R. La Monica, CNN Business Dollar stores, as their name suggests, offer inexpensive products for bargain-hungry shoppers. But even Dollar…

The Volvo S60 Recharge will be among vehicles qualifying for the credit until year's end.

EV tax credits just got totally revamped. Here’s what car buyers need to know

August 17, 2022 10:51 am CNN Newsource

By Matt McFarland, CNN Business The newly signed Inflation Reduction Act will have big implications for electric vehicle buyers. Some popular…

Bitcoin is trading about 65% off its all-time high

Lose big on crypto? Here’s how to reduce the sting

August 17, 2022 10:11 am CNN Newsource

By Jeanne Sahadi, CNN Business It’s been a tough year for crypto investors as they’ve watched the price of their digital assets plummet.…

US natural gas prices have skyrocketed to levels unseen since 2008

US natural gas prices spike to 14-year high. Here’s why

August 17, 2022 9:48 am CNN Newsource

By Matt Egan, CNN Business US natural gas prices have skyrocketed to levels unseen since 2008, a spike that threatens to offset the benefits of…

American farmers are killing their own crops and selling cows because of extreme drought

August 17, 2022 9:23 am CNN Newsource

By Vanessa Yurkevich, CNN Business Nearly three quarters of US farmers say this year’s drought is hurting their harvest — with…

US consumers continue to spend, but rising inflation has shifted their priorities

August 17, 2022 7:40 am CNN Newsource

Martha C. White for CNN Business With lower gas prices effectively putting more money back in their pockets, Americans continued to spend last month.…

Girl Scouts add a new raspberry cookie to the lineup

August 17, 2022 7:55 am CNN

By Jordan Valinsky, CNN Business The Girl Scouts are adding a new, raspberry-flavored cookie to the lineup. The Raspberry Rally, described in a…

Target reported profit plunged 90% in the second quarter

Target profit plunges 90% as inflation-weary shoppers pull back

August 17, 2022 4:48 am CNN Newsource

By Chris Isidore, CNN Business Target reported profit plunged 90% in the second quarter, falling far short of expectations, as inflation-weary…

Girl Scouts add a new raspberry cookie to the lineup

August 17, 2022 7:34 am CNN Newsource

By Jordan Valinsky, CNN Business The Girl Scouts are adding a new, raspberry-flavored cookie to the lineup. The Raspberry Rally, described in a…

The new Boneless Bar Pizza at Buffalo Wild Wings is pictured here.

Exclusive: Buffalo Wild Wings is adding pizza to its menu

August 17, 2022 7:03 am CNN Newsource

By Jordan Valinsky, CNN Business With football season approaching, Buffalo Wild Wings is adding a new menu item that’s all but synonymous with…

The recession debate could hinge on this data

August 17, 2022 5:08 am CNN Newsource

By Julia Horowitz, CNN Business Are Americans still reaching for their wallets, even as high inflation forces households to contend with higher…

A customer shops for eggs in a Kroger grocery store on August 15 in Houston

When will price increases end? Probably never

August 17, 2022 4:29 am CNN Newsource

By Nicole Goodkind, CNN Business A dollar just isn’t worth what it used to be. At the grocery store, you’re getting about 11 cents less…

Higher food prices were the largest factor in July's increase in inflation.

UK inflation exceeds 10% as bread and milk prices soar

August 17, 2022 12:02 am CNN Newsource

By Mark Thompson, CNN Business Inflation in the United Kingdom hit a new 40-year high last month, rising above 10% for the first time since 1982 and…

China’s No.2 admits economic recovery is at ‘most difficult point’

August 17, 2022 2:21 am CNN Newsource

By Laura He, CNN Business Chinese Premier Li Keqiang has urged China’s wealthiest provinces to “bravely take the lead” to bolster…

No, Elon Musk is not buying Manchester United

August 17, 2022 1:43 am CNN Newsource

By Diksha Madhok, CNN Business The richest man on earth has once again created chaos and commotion on the internet with his tweets. Tesla’s…

Seen here is the 2021 Chevrolet Tahoe High Country. GM is recalling hundreds of thousands of vehicles because of a problem with third-row seatbelts.

GM is recalling hundreds of thousands of vehicles because of a seat belt problem

August 16, 2022 6:26 pm CNN Newsource

By Rob McLean, CNN Business GM is recalling hundreds of thousands of vehicles because of a problem with third-row seatbelts. The National Highway…

An air traveler uses a credit card to pay for items on January 28 at a retail shop in John F. Kennedy International Airport in New York City. More Americans are relying on credit cards.

More Americans are relying on credit cards. That could be very costly

August 16, 2022 3:00 pm CNN

By Matt Egan Interest rates on credit cards are so high these days that consumers with a $5,000 credit card balance could pay an extra $1,000 in…

More Americans are relying on credit cards. That could be very costly

August 16, 2022 3:00 pm CNN Newsource

By Matt Egan Interest rates on credit cards are so high these days that consumers with a $5,000 credit card balance could pay an extra $1,000 in…

A Rivian R1T Truck and R1S SUV is parked outside the Allen & Company Sun Valley Conference on July 8 in Sun Valley

EV credits are now harder to come by. These buyers snuck in deals under the wire.

August 16, 2022 1:16 pm CNN Newsource

By Matt McFarland, CNN Business President Biden signed into law the Inflation Reduction Act on Tuesday, and it will reshape the electric vehicle tax…

EV credits are now harder to come by. These buyers snuck in deals under the wire.

August 16, 2022 1:16 pm CNN

By Matt McFarland, CNN Business President Biden signed into law the Inflation Reduction Act on Tuesday, and it will reshape the electric vehicle tax…

An employee works the lumber section at a Home Depot store in Alhambra

Record Home Depot sales show America’s housing market is still strong

August 16, 2022 6:24 am CNN Newsource

By Paul R. La Monica, CNN Business Soaring mortgage rates and unaffordable home prices are worrisome signs for the broader housing market and…

Citi analyst Tyler Radke downgraded Zoom's stock to a rare "sell" rating on August 16. A substitute teacher works from her home due to the Covid-19 outbreak in April of 2020 in Arlington

End of the Zoom boom? Citi analyst cuts stock to a rare ‘sell’ rating

August 16, 2022 8:29 am CNN

By Paul R. La Monica, CNN Business Zoom was one of the biggest beneficiaries of the work-from-anywhere trend that took hold during the height of the…

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