Money Archives

Pedestrians walk past the New York Stock Exchange on Friday

The stock market is practically begging for a recession

July 27, 2022 3:55 am CNN Newsource

By Nicole Goodkind, CNN Business Wall Street has a serious case of recession dread. Inflation is at a 40-year high and the Federal Reserve is…

A man arrives at the Civil Hospital in Ahmedabad on July 26 after consuming bootleg liquor.

Dozens dead after drinking bootleg alcohol in western India

July 26, 2022 11:38 pm CNN Newsource

By Swati Gupta and Rhea Mogul, CNN At least 36 people have died and about 50 others have been hospitalized in western India after drinking…

A general view of Trump National Golf Club during a practice round prior to the LIV Golf Invitational - Bedminster at Trump National Golf Club Bedminster on July 26

National Press Club blasts LIV Golf event as ‘attempt to minimize the grisly bone-saw’ murder of WaPo columnist

July 26, 2022 8:57 pm CNN Newsource

By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…

Sandy Hook parents ask jury to return $150 million verdict in defamation suit against Alex Jones

July 26, 2022 2:38 pm CNN Newsource

By Lauren del Valle and Oliver Darcy, CNN The lawyer for two Sandy Hook families that have sued right-wing conspiracy theorist Alex Jones asked a…

Glossier is coming to Sephora

July 26, 2022 1:27 pm CNN Newsource

By Parija Kavilanz, CNN Business Cosmetics company Glossier, which has cultivated a cult-like following among Millennials and Gen Zers, announced…

Paul Simon released that anthem about the historic Memphis home of Elvis Presley in 1986

Post-Covid, Elvis Presley’s Graceland bonds default

July 24, 2022 8:37 am CNN Newsource

By Alexandra Peers, CNN Business “The Mississippi Delta is shining like a National guitar… And for reasons I cannot explain there’s…

Pfizer Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York

Next sign of the market apocalypse: Single-stock ETFs

July 26, 2022 8:36 am CNN Newsource

By Paul R. La Monica, CNN Business The Wall Street gambling parlor is still alive and well. Asset management firm AXS Investments recently launched…

Discounts are back. A woman here shops at a Target store in New York City

Here come the discounts at Walmart, Best Buy and Gap

July 26, 2022 7:52 am CNN

By Nathaniel Meyersohn, CNN Business A glimmer of relief is emerging at the checkout aisle: the return of discounts. Walmart, Best Buy, Gap, Target,…

Employees wearing masks work on a car assembly line at the SAIC General Motors Co.

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

July 26, 2022 3:43 am CNN Newsource

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

Global food prices are finally falling … but for how long?

July 26, 2022 5:42 am CNN Newsource

By Julia Horowitz, CNN Business When wheat prices shot up to record highs following Russia’s invasion of Ukraine, alarm bells immediately…

Germany takes control of Russian-owned oil refineries

July 26, 2022 7:33 am CNN

By Nadine Schmidt and Anna Cooban, CNN Business The German government has seized control of three Russian-owned oil refineries to secure supplies of…

A customer is rung up by a cashier in a Kroger grocery store on July 15

Consumer confidence slips for third straight month

July 26, 2022 7:28 am CNN Newsource

By Alicia Wallace, CNN Business Americans grew even more pessimistic about the US economy over the past month, according to the latest survey on…

A view of houses in a neighborhood in Los Angeles

Home prices are still going strong, but there are signs of slowing

July 26, 2022 7:27 am CNN Newsource

By Anna Bahney, CNN Business US home prices were up nearly 20% in May compared to the year before. But there were signs the market began to cool as…

‘Edge of a global recession’: IMF slashes world economic forecast again

July 26, 2022 6:36 am CNN Newsource

By Michelle Toh, CNN Business The global economy is already in trouble, yet risks keep piling up. In a report released Tuesday, the International…

McDonald's has been raising its menu prices.

McDonald’s customers shrug off higher menu prices as revenue jumps

July 26, 2022 6:13 am CNN Newsource

By Danielle Wiener-Bronner, CNN Business McDonald’s has been raising menu prices and customers are eating it up. Sales at McDonald’s US…

Pipe systems and shut-off devices at the gas receiving station of the Nord Stream 1 Baltic Sea pipeline and the transfer station of the OPAL (Ostsee-Pipeline-Anbindungsleitung - Baltic Sea Pipeline Link) long-distance gas pipeline.

The EU has agreed to ration gas, but some countries put up a fight

July 26, 2022 5:39 am CNN Newsource

By Anna Cooban, CNN Business The European Union has agreed to ration its natural gas this winter to prevent a severe supply shock. But the bloc has…

People shop at a supermarket in Arlington

If it looks like a recession and quacks like a recession…

July 26, 2022 3:05 am CNN Newsource

By Paul R. La Monica, CNN Business Is the United States heading for a recession? Or is the economy already in one? It — almost —…

Alibaba Group Holdings Ltd. signage is displayed outside the company's offices on July 14

Alibaba stock jumps after announcing Hong Kong primary listing

July 26, 2022 2:06 am CNN Newsource

By Michelle Toh, CNN Business Alibaba announced a plan to allow more mainland Chinese investors to invest in the stock. In a statement Tuesday, the…

A driver unloads raw crude oil from his tanker to process into gas at Marathon Refinery on May 24

Why diesel is more expensive than regular gas

July 26, 2022 2:00 am CNN Newsource

By Benjamin Taubman, CNN Business Most drivers today are focused on the high cost of filling up their tanks with regular fuel. But there’s…

US President Joe Biden (3rd L) meets with CEOs about the economy in the South Court Auditorium of the Eisenhower Executive Office Building

Treasury Secretary Janet Yellen: US economy remains ‘resilient’ despite GDP decline

July 25, 2022 10:05 pm CNN

By Alicia Wallace, CNN Business While the latest GDP report showed the US economy contracted again in the second quarter, Treasury Secretary Janet…

The Choco Taco is gone for good

July 25, 2022 4:03 pm CNN Newsource

By Danielle Wiener-Bronner, CNN Business Pour one out for Choco Taco. The beloved Klondike product, packaged ice cream in a taco-shaped cone, has…

A sign inflation could start easing: Walmart is slashing prices on clothing and other products

July 25, 2022 2:36 pm CNN Newsource

By Nathaniel Meyersohn, CNN Business Many shoppers have pulled back on buying clothing and other discretionary items as the highest inflation in four…

A sign inflation is easing: Walmart is slashing prices on clothing and other products

July 25, 2022 2:36 pm CNN

By Nathaniel Meyersohn, CNN Business Many shoppers have pulled back on buying clothing and other discretionary items as the highest inflation in four…

Consumer confidence slips for third straight month

July 25, 2022 1:37 pm CNN

By Alicia Wallace, CNN Business Americans grew even more pessimistic about the US economy over the past month, according to the latest survey on…

Diapers cost families a fortune, but now some states will stop taxing them

July 25, 2022 1:37 pm CNN Newsource

By Nathaniel Meyersohn, CNN Business Diapers are a notoriously large expense for caregivers of newborns, toddlers and adults suffering from…

Be careful what you sign — and read the fine print. That's just one of the lessons from a convoluted lawsuit involving Sotheby's and 45 yellow diamonds.

Sotheby’s may be liable for $4 million in missing diamonds, judge rules

July 25, 2022 1:00 pm CNN Newsource

By Alexandra Peers, CNN Business Be careful what you sign — and read the fine print. That’s just one of the lessons from a convoluted lawsuit…

A Wayne Farms Inc. processing plant in Albertville

Justice Department accuses poultry processors of underpaying workers for decades

July 25, 2022 12:39 pm CNN Newsource

By Danielle Wiener-Bronner, CNN Business Major US poultry processors engaged in a 20-year-long conspiracy to suppress worker pay, the Department of…

Traders work on the floor of the New York Stock Exchange (NYSE) on July 25

Stocks are on track for the best month of the year — for now

July 25, 2022 11:06 am CNN Newsource

By Paul R. La Monica, CNN Business The first half of 2022 was awful for stocks. But investors have seen a rebound in July and the markets are…

R-rated movies have come to Disney+

July 25, 2022 8:25 am CNN Newsource

By Frank Pallotta, CNN Business Disney+ just got a little more adult. The streaming service added its first R-rated films in the US on Friday with…

Buyers and sellers watch as cattle go through the sale barn arena at Abilene Livestock Auction on July 12 in Abilene

Farmers forced to sell their cows as drought conditions worsen across US

July 25, 2022 12:40 am CNN Newsource

By Vanessa Yurkevich, CNN Business Extreme drought and inflationary pressures are forcing US farmers in Western states to sell off their cattle herds…

Tesla and SpaceX Chief Executive Officer Elon Musk is seen here in Washington in March 2020. Tesla disclosed in a quarterly regulatory filing on July 25 that it received a new subpoena from the SEC on June 13.

Tesla subpoenaed over Elon Musk’s tweets … again

July 25, 2022 6:00 am CNN Newsource

By Chris Isidore, CNN Business The Securities and Exchange Commission apparently isn’t done with Elon Musk and his tweets quite yet. Tesla…

The NFL is debuting a streaming service — with some major caveats

July 25, 2022 6:00 am CNN Newsource

By Frank Pallotta, CNN Business The NFL launched a streaming service Monday. That sounds like a football fan’s dream, but it’s probably…

Demonstrators protesting rising fuel and living costs are seen in Quito

Rise in gasoline prices threatens social stability and food security in Latin America

July 25, 2022 5:46 am CNN

By Stefano Pozzebon, CNN South American countries are bracing for an autumn of discontent, as spiking global fuel prices threaten to provoke more…

If it looks like a recession and quacks like a recession…

July 25, 2022 5:37 am CNN

By Paul R. La Monica, CNN Business Is the United States heading for a recession? Or is the economy already in one? It — almost —…

A shopper is pictured in a grocery store in Washington

Could we talk ourselves into a recession?

July 25, 2022 5:37 am CNN Newsource

By Julia Horowitz, CNN Business There’s no denying that the US economy is at a strange juncture that’s left even top experts scratching…

Elon Musk denies affair with Sergey Brin’s wife Nicole Shanahan

July 25, 2022 3:39 am CNN Newsource

By Anna Cooban, CNN Business Elon Musk has denied having an affair with Nicole Shanahan, the wife of Google’s co-founder, Sergey Brin. Over the…

Blake Lemoine poses for a portrait in Golden Gate Park in San Francisco

Google fires engineer who contended its AI technology was sentient

July 24, 2022 7:53 pm CNN Newsource

By Ramishah Maruf, CNN Google has fired the engineer who claimed an unreleased AI system had become sentient, the company confirmed, saying he…

New Yorker media reporter Ken Auletta heard whispers of Harvey Weinstein's sexual abuse of women 20 years ago

This reporter tried to expose Harvey Weinstein’s crimes 20 years ago. His account is finally out

July 24, 2022 11:23 am CNN Newsource

By Ramishah Maruf, CNN Long-time New Yorker media reporter Ken Auletta heard whispers of Harvey Weinstein’s sexual abuse of women 20 years ago…

‘Nope’ is Jordan Peele’s latest No. 1 film at the box office

July 24, 2022 9:41 am CNN Newsource

By Frank Pallotta, CNN Business “Nope,” Jordan Peele’s third movie, opened to an estimated $44 million this weekend in North…

What the Fed and Madonna have in common

July 24, 2022 4:51 am CNN Newsource

By Nicole Goodkind, CNN Business Since its founding in 1913, the US Federal Reserve has fought to achieve three goals: maximum employment, stable…

A child is outfitted by an employee at Disney's Bibbidi Bobbidi Boutique at Disneyland in Anaheim

Disney changes name of ‘Fairy Godmothers in Training’ in US theme parks to gender-neutral term to be more inclusive, company says

July 23, 2022 1:00 am CNN Newsource

By Emma Tucker Disney’s “Fairy Godmothers in Training” who dress up children as princesses and knights in boutiques at its US theme…

Vince McMahon retires from WWE amid hush money investigation

July 22, 2022 2:20 pm CNN Newsource

By Frank Pallotta, CNN Business Vince McMahon, the former WWE chief executive, is retiring from the company, he said in a statement on Friday. The…

Cadillac thinks its hand-built electric car can take on Rolls-Royce

July 22, 2022 11:30 am CNN Newsource

By Peter Valdes-Dapena, CNN Business Cadillac is going back into a market segment it hasn’t occupied in decades: the world of true ultra-luxury…

Volkswagen's CEO is leaving his post in a surprise move

Volkswagen CEO to leave in surprise move

July 22, 2022 10:45 am CNN Newsource

By Chris Isidore, CNN Business Volkswagen’s CEO is leaving his post in a surprise move, effective September 1. The company announced Friday…

A FedEx Corp. Ground semi truck drives through Louisville

FedEx is trimming Sunday delivery to US rural homes

July 22, 2022 10:34 am CNN Newsource

By Chris Isidore, CNN Business FedEx’s Ground service will stop making Sunday deliveries to about 15% of the US homes it’s currently…

Rise in gasoline prices threatens social stability and food security in Latin America

July 22, 2022 10:20 am CNN Newsource

By Stefano Pozzebon, CNN South American countries are bracing for an autumn of discontent, as spiking global fuel prices threaten to provoke more…

People walk to get a train in Grand Central Terminal in August 2021 in New York City. The economy is on shaky ground: stock markets have been selling off

Why these ‘unretirees’ went back to work

July 22, 2022 9:57 am CNN Newsource

By Kathryn Vasel, CNN Business In 2020, Joe DiPastena felt confident enough to retire earlier than planned. But by 2022, he was having second…

‘Nope’ hopes to be Jordan Peele’s latest out-of-this-world hit

July 22, 2022 8:40 am CNN Newsource

By Frank Pallotta, CNN Business Jordan Peele is hoping to go three-for-three at the box office. The director’s third movie, “Nope,”…

‘Nope’ is Jordan Peele’s latest No. 1 film at the box office

July 22, 2022 8:40 am CNN

By Frank Pallotta, CNN Business “Nope,” Jordan Peele’s third movie, opened to an estimated $44 million this weekend in North…

Some consumers are starting to have trouble paying their bills on time.

Recession warning: Some Americans are having trouble paying bills

July 22, 2022 8:32 am CNN Newsource

By Paul R. La Monica, CNN Business Is America’s economy already in a recession? That’s a debate among central bankers, investors and…

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