Money Archives

Opinion: Without real solutions, renters will continue to be worse off

July 22, 2022 8:11 am CNN Newsource

Opinion by Jung Hyun Choi and Daniel Pang for CNN Business Perspectives Over the past year, both rents and home prices have risen faster than…

A customer pays cash for a purchase at a store in Merced

You’re not the only one who’s confused about the economy. The experts are baffled, too

July 22, 2022 7:06 am CNN Newsource

Martha C. White The recovery wasn’t supposed to go like this. Wall Street and Main Street alike are suffering from whiplash when it comes to…

Snapchat posted a quarterly net loss of $422 million

Why a social media app is dragging the market lower

July 22, 2022 5:37 am CNN

By Julia Horowitz, CNN Business An average 347 million people use Snapchat every day. That’s a fraction of the nearly 2 billion daily active…

Why a social media app is dragging the market lower

July 22, 2022 5:37 am CNN Newsource

By Julia Horowitz, CNN Business An average 347 million people use Snapchat every day. That’s a fraction of the nearly 2 billion daily active…

An employee of Uniper Energy Storage walks through the above-ground facilities of a natural gas storage facility in Bierwang

Germany bails out its biggest natural gas importer

July 22, 2022 5:25 am CNN Newsource

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

As more coupons move online, older and low-income shoppers get left out

July 22, 2022 3:11 am CNN Newsource

By Nathaniel Meyersohn, CNN Business Susie Ingram has been a coupon-clipper all her life. “It has saved me a lot of money over the…

Yellow pylons work at a construction site in Jiangsu

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

July 22, 2022 1:49 am CNN Newsource

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

Mattel world corporate headquarters building. Mattel

To infinity and beyond: Mattel announces toy deal with SpaceX

July 21, 2022 1:18 pm CNN Newsource

By Chiara Grimes, CNN Business Mattel, Inc. announced Wednesday that it has entered into a multi-year, worldwide agreement with SpaceX to create a…

How to invest like Warren Buffett during a recession

July 21, 2022 12:55 pm CNN Newsource

By Nicole Goodkind, CNN Business Between 2020 and 2022, stocks shot toward the moon. This year, they’ve been jettisoned back to Earth. The…

Domino's is still struggling with delivery. In the United States

Domino’s is still struggling to get pizza to your house

July 21, 2022 11:23 am CNN Newsource

By Danielle Wiener-Bronner, CNN Business Domino’s is still struggling with delivery. “The delivery business continued to be more…

Tesla cars sit in a dealership lot on March 28

Tesla dumped a big chunk of its bitcoin holdings. Should you?

July 21, 2022 10:43 am CNN Newsource

By Paul R. La Monica, CNN Business Bitcoin prices were cooling off Thursday following a big spike in the past week. And it appears Elon Musk might be…

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

July 21, 2022 8:11 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…

A customer pushes a shopping cart in the parking lot of the Carrefour SA hypermarket in Marseille

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

July 21, 2022 8:09 am CNN

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

A "For Sale" sign is seen outside a house in Hercules

Mortgage rates tick higher again as recession fears loom

July 21, 2022 7:12 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…

American and United airlines return to profitability

July 21, 2022 5:44 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…

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

July 21, 2022 5:39 am CNN Newsource

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

President of European Central Bank Christine Lagarde is seen here in Frankfurt

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

July 21, 2022 5:21 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 4:23 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…

A sign reads 'Back to Work Job Fair' at the entrance of the Southern California Goodwill in Los Angeles

Workers aren’t having to settle for part-time work any more

July 21, 2022 4:22 am CNN Newsource

By Chris Isidore, CNN Business Part-time work has become a lot less popular, both with job seekers and employers. The number of workers who are…

Europe’s historic inflation fight begins now

July 21, 2022 4:16 am CNN Newsource

By Julia Horowitz, CNN Business The European Central Bank is about to raise interest rates for the first time in 11 years as it attempts to put a lid…

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

July 21, 2022 2:59 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…

People walk past the headquarters of the Chinese ride-hailing service Didi in Beijing

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

July 21, 2022 12:40 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 20, 2022 11:58 pm 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…

Seen here is the gas receiving station of the Nord Stream 1 Baltic Sea pipeline in Lubmin

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

July 20, 2022 11:12 pm 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…

Journalist and a co-founder of fact-checking website Alt News Mohammed Zubair

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

July 20, 2022 7:41 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…

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

July 20, 2022 1:35 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%…

Lockdowns caused by the Covid surge in China caused sales and profits to fall at Tesla compared to the first three months of the year

Tesla earnings fall on hit from China Covid surge

July 20, 2022 1:18 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…

There really was no place for 401(k) investors to hide in the first half of this year. Even though their portfolios took a hit

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

July 20, 2022 11:09 am 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…

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

July 20, 2022 9:58 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 9:58 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 9:42 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…

The CEO of Goldman Sachs is worried about a recession

July 20, 2022 9:42 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…

Shares of Netflix are up more than 6% in premarket trading on July 20 after the company reported its latest results. The simple reason is it could have been so much worse.

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

July 20, 2022 5:18 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…

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

July 20, 2022 8:23 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…

Since hitting an all-time high on the first trading day of the year

Opinion: The painful market selloff should be over soon

July 20, 2022 7:34 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 7:14 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…

Home prices hit a new all-time high in June

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

July 20, 2022 7:13 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…

Macao's casinos have been bleeding hundreds of millions of dollars a month during the pandemic. Now a prolonged lockdown is adding more uncertainty for players in the world's largest gambling hub.

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

July 20, 2022 6:33 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 5:17 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…

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

July 20, 2022 4:51 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…

The European Union has unveiled its emergency gas rationing plan — a day before it fears Russia could drastically cut the flow of natural gas to the continent.

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

July 20, 2022 4:29 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…

Chipotle is permanently closing its Augusta location

Chipotle permanently shutters store that filed to unionize

July 19, 2022 2:47 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…

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

July 19, 2022 1:12 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…

Netflix loses subscribers, but stops the bleeding

July 19, 2022 1:12 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…

Contractors stand on the roof of a house under construction at the Norton Commons subdivision in Louisville

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

July 19, 2022 1:08 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 is closing some stores over safety concerns.

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

July 19, 2022 12:26 pm CNN Newsource

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

Crypto is making a big comeback. Will it last?

July 19, 2022 11:44 am 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…

Empty water jugs are seen on a porch on June 10 in Houston

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

July 19, 2022 11:38 am 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 11:38 am 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…

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

July 19, 2022 7:50 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…

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