Money Archives

Stores have too much stuff. Get ready for discounts

May 27, 2022 6:58 am CNN Newsource

By Nathaniel Meyersohn, CNN Business Some welcome news for shoppers getting squeezed by inflation: promotions on televisions, furniture, clothing,…

There's little political risk in taxing hugely profitable oil companies to help consumers pay their exorbitant energy bills. But many economists are warning that such a tax could ultimately do more harm than good.

Windfall taxes are popular. But they come with risks

May 27, 2022 5:59 am CNN Newsource

By Allison Morrow, CNN Business There’s little political risk in taxing hugely profitable oil companies to help consumers pay their exorbitant…

The manufacturer of a firearm used in the Robb Elementary School shooting said it will not attend the National Rifle Association convention.

The maker of a gun used in the Texas shooting pulls out of the NRA convention

May 27, 2022 5:37 am CNN Newsource

By David Goldman, CNN Business The manufacturer of a firearm used in the Robb Elementary School shooting said it will not attend the National Rifle…

Another key tracker of consumer prices took a breather in April

The Fed’s favorite inflation measure fell in April, but prices are still uncomfortably high

May 27, 2022 5:33 am CNN

By Anneken Tappe, CNN Business Another key tracker of consumer prices took a breather in April, following in the footsteps of inflation indexes…

The Fed’s favorite inflation measure fell in April, but prices are still uncomfortably high

May 27, 2022 5:33 am CNN Newsource

By Anneken Tappe, CNN Business Another key tracker of consumer prices took a breather in April, following in the footsteps of inflation indexes…

G7 commits to decarbonizing electricity by 2035 but leaves wiggle room for fossil fuels

May 27, 2022 5:07 am CNN Newsource

By Angela Dewan, CNN The G7, which represents the world’s biggest advanced economies, agreed on Friday to achieve “predominantly…

Wealth taxes are never a popular rallying cry at Davos but Gabriela Bucher

Taxing the rich could help fix the food crisis. Davos didn’t want to know

May 27, 2022 5:01 am CNN

By Julia Horowitz, CNN Business Wealth taxes are never a popular rallying cry at Davos, a playground for billionaires, corporate titans and top…

Taxing the rich could help fix the food crisis. Davos didn’t want to know

May 27, 2022 5:01 am CNN Newsource

By Julia Horowitz, CNN Business Wealth taxes are never a popular rallying cry at Davos, a playground for billionaires, corporate titans and top…

Taiwan and the United States could begin talks to deepen trade and economic ties "in a few weeks

US and Taiwan could begin talks on closer economic ties ‘in a few weeks’

May 27, 2022 2:03 am CNN Newsource

By Eric Cheung and Wayne Chang, CNN Taiwan and the United States could begin talks to deepen trade and economic ties “in a few weeks,”…

US and Taiwan could begin talks on closer economic ties ‘in a few weeks’

May 27, 2022 2:03 am CNN

By Eric Cheung and Wayne Chang, CNN Taiwan and the United States could begin talks to deepen trade and economic ties “in a few weeks,”…

Texas newspaper editor says ‘urgent questions’ about Uvalde massacre have not been answered

May 26, 2022 9:43 pm CNN

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

Texas newspaper editor says ‘urgent questions’ about Uvalde massacre have not been answered

May 26, 2022 9:43 pm CNN Newsource

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

CEOs are silent on guns. They must speak up in a ‘loud chorus’, Yale’s Jeff Sonnenfeld says

May 26, 2022 4:29 pm CNN

By Matt Egan, CNN Business Corporate America has said very little following this week’s Texas school shooting that left 21 people dead. Yale…

First on CNN: Goldman Sachs CEO speaks out on gun violence

May 26, 2022 2:33 pm CNN Newsource

By Matt Egan, CNN Goldman Sachs CEO David Solomon is calling on politicians to act following a spate of shootings in the United States. “All of…

Instacart says searches for baby formula hit a record high in mid-May but the on-demand grocery delivery site is struggling to fulfill orders because its stores remain severely understocked amid the ongoing national formula shortage.

Instacart: Baby formula searches surging as store shelves remain empty

May 26, 2022 1:36 pm CNN Newsource

By Parija Kavilanz, CNN Business Instacart said searches for baby formula hit a record high in mid-May but the on-demand grocery delivery site is…

Russia slashed interest rates on May 26 as a resurgent ruble — buoyed by robust oil and gas revenues and government support — takes some pressure off its wobbling economy.

PR stunt or show of strength? Russia slashes interest rates

May 26, 2022 2:06 pm CNN

By Mark Thompson and Clare Sebastian, CNN Business Russia slashed interest rates on Thursday as a resurgent ruble — buoyed by robust oil and gas…

Instacart: Baby formula searches surging as store shelves remain empty

May 26, 2022 1:36 pm CNN

By Parija Kavilanz, CNN Business Instacart said searches for baby formula hit a record high in mid-May but the on-demand grocery delivery site is…

Opinion: It’s time to prepare for a recession

May 26, 2022 11:30 am CNN Newsource

Opinion by Lakshman Achuthan and Anirvan Banerji for CNN Business Perspectives The economy is close to entering a recession, perhaps as soon as this…

Russia could cut off Denmark and the Netherlands’ natural gas

May 26, 2022 11:03 am CNN

By Anna Cooban, CNN Business Denmark and the Netherlands could become the latest European countries to have their deliveries of Russia’s…

Justin Timberlake sold his entire song catalog to a Blackstone-backed management company

Justin Timberlake sells his entire music catalog

May 26, 2022 9:52 am CNN Newsource

By Jennifer Korn, CNN Business Justin Timberlake sold his entire song catalog to a Blackstone-backed management company, joining a wave of recent…

The West united against Russia. Will its nerve hold as prices soar?

May 26, 2022 9:30 am CNN Newsource

By Julia Horowitz, CNN Business When Ukrainian President Volodymyr Zelensky spoke by video to a packed room at the World Economic Forum in Davos,…

‘I wouldn’t trust them.’ Energy Secretary blasts Russia for ‘weaponizing’ energy

May 26, 2022 8:52 am CNN Newsource

By Matt Egan, CNN Business Russia has spent the past half-century attempting to build a reputation on the world stage as a reliable supplier of…

Affluent shoppers are splurging on new outfits at Macy's

Wealthy shoppers are splurging at Macy’s. Low-income shoppers are pulling back at Walmart

May 26, 2022 8:42 am CNN Newsource

By Nathaniel Meyersohn, CNN Business Decades-high inflation is leading to a split in American consumers’ behavior. Affluent shoppers are…

China's economy has slumped as Covid-19 cases surged in the world's most populous country. But Chinese consumers stuck at home are still spending.

Chinese consumers are stuck at home but still spending a ton, Alibaba says

May 26, 2022 8:11 am CNN Newsource

By Paul R. La Monica, CNN Business China’s economy has slumped as Covid cases surged in the world’s most populous country. But Chinese…

Mortgage rates fell for a second consecutive week

Mortgage rates fall slightly, but offer little relief to buyers

May 26, 2022 7:18 am CNN Newsource

By Anna Bahney, CNN Business Mortgage rates fell for a second consecutive week, but still remain above 5%. The 30-year, fixed-rate mortgage averaged…

Tom Cruise plays Capt. Pete "Maverick" Mitchell in Top Gun: Maverick from Paramount Pictures

‘Top Gun: Maverick’ jets to new box office record

May 26, 2022 7:45 am CNN

By Frank Pallotta, CNN Business “Top Gun: Maverick” took off at the box office this weekend — setting a new record in the process. The…

Tom Cruise as Ethan Hunt in a scene from the film 'Mission: Impossible'

Which Tom Cruise film has made the most at the ticket booth?

May 26, 2022 6:27 am CNN Newsource

By Frank Pallotta, CNN Business Tom Cruise is one of the most popular movie stars in Hollywood history. The actor has had a 40 year career of hits…

100,000 Chinese officials attend emergency meeting to revive Covid-hit economy

May 26, 2022 7:36 am CNN

By Jessie Yeung, CNN Business China’s cabinet held an emergency meeting with more than 100,000 participants on Wednesday, according to state…

Val Kilmer was once one of Hollywood’s biggest stars. ‘Top Gun: Maverick’ could be his last role

May 26, 2022 6:48 am CNN

By Frank Pallotta, CNN Business “Top Gun: Maverick” hits theaters this weekend, marking the return of one of the biggest movie stars of…

Val Kilmer was once one of Hollywood’s biggest stars. ‘Top Gun: Maverick’ could be his last role

May 26, 2022 6:28 am CNN Newsource

By Frank Pallotta, CNN Business “Top Gun: Maverick” hits theaters this weekend, marking the return of one of the biggest movie stars of…

America's economy shrank at a slightly faster rate than initially reported

The US economy shrank slightly faster in the first quarter

May 26, 2022 6:05 am CNN

By Anneken Tappe, CNN Business America’s economy shrank in the first quarter of the year at a slightly faster rate than initially reported, the…

The US economy shrank slightly faster in the first quarter

May 26, 2022 6:05 am CNN Newsource

By Anneken Tappe, CNN Business America’s economy shrank in the first quarter of the year at a slightly faster rate than initially reported, the…

Jimmy Kimmel becomes emotional after Texas shooting: ‘These are our children’

May 26, 2022 5:48 am CNN

By Frank Pallotta, CNN Business Jimmy Kimmel delivered yet another emotional plea to America’s lawmakers after a mass shooting in America. The…

European unity against Russia is tested as talks on oil embargo drag on. Pictured are the facilities of the oil refinery on the industrial site of PCK-Raffinerie GmbH on May 5.

European unity against Russia tested as talks on oil embargo drag on

May 26, 2022 5:45 am CNN

By Anna Cooban and James Frater, CNN Business Europe’s united front against Moscow is being put to the test as countries struggle to agree a…

Chancellor Rishi Sunak is introducing a £5 billion ($6.3 billion) tax on the windfall profits of its oil and gas companies

UK hits oil and gas companies with $6 billion windfall tax

May 26, 2022 5:30 am CNN Newsource

By Anna Cooban, CNN Business The UK government is introducing a £5 billion ($6.3 billion) tax on the windfall profits of its oil and gas companies,…

Crypto is dead. Long live crypto

May 26, 2022 5:26 am CNN Newsource

By Allison Morrow, CNN Business The deepening chasm between the crypto evangelists and naysayers may never have been as stark. On Wednesday,…

Jimmy Kimmel becomes emotional after Texas shooting: ‘These are our children’

May 26, 2022 4:43 am CNN Newsource

By Frank Pallotta, CNN Business Jimmy Kimmel delivered yet another emotional plea to America’s lawmakers after a mass shooting in America. The…

PR stunt or show of strength? Russia slashes interest rates

May 26, 2022 4:13 am CNN Newsource

By Mark Thompson and Clare Sebastian, CNN Business Russia slashed interest rates on Thursday as a resurgent ruble — buoyed by robust oil and gas…

Prices on almost everything at the grocery store are up – except rotisserie chicken. Here’s why

May 26, 2022 3:51 am CNN Newsource

By Nathaniel Meyersohn, CNN Business At the grocery store, shoppers have seen food prices increase at their fastest pace in decades. Yet the price of…

100,000 Chinese officials attend emergency meeting to revive Covid-hit economy

May 25, 2022 11:24 pm CNN Newsource

By Jessie Yeung, CNN Business China’s cabinet held an emergency meeting with more than 100,000 participants on Wednesday, according to state…

Federal Reserve Board Chair Jerome Powell pauses while speaking during a news conference at the Federal Reserve

Fed signals several half-percentage point hikes to come

May 25, 2022 12:35 pm CNN Newsource

By Anneken Tappe, CNN Business The Federal Reserve means business when it comes to tightening monetary policy. After raising its benchmark interest…

Biden is ‘obsessed’ with lowering ‘outrageous’ gas prices, but presidents don’t control prices, says Energy Secretary

May 25, 2022 12:30 pm CNN Newsource

By Matt Egan, CNN Business Energy Secretary Jennifer Granholm said President Joe Biden is laser-focused on knocking down sky-high gasoline prices,…

Prices on almost everything at the grocery store are up – except rotisserie chicken. Here’s why

May 25, 2022 12:30 pm CNN

By Nathaniel Meyersohn, CNN Business At the grocery store, shoppers have seen food prices increase at their fastest pace in decades. Yet the price of…

Retail sales of new cars are forecast to fall 20.9% this month compared to the same time last year

New car sales forecast to plummet 20.9% in May, as supply remains low

May 25, 2022 12:20 pm CNN Newsource

By Matt McFarland, CNN Business Retail sales of new cars are forecast to fall 20.9% this month compared to the same time last year, amid vehicle…

Ukraine has a message for Cloudflare and SAP: Get out of Russia now

May 25, 2022 10:40 am CNN

By Julia Horowitz, CNN Business Mykhailo Fedorov, Ukraine’s minister of digital transformation, hadn’t left the country since Russia…

Ukraine has a message for Cloudflare and SAP: Get out of Russia now

May 25, 2022 10:40 am CNN Newsource

By Julia Horowitz, CNN Business Mykhailo Fedorov, Ukraine’s minister of digital transformation, hadn’t left the country since Russia…

Bitcoin is imploding. But you wouldn’t know it from checking out Formula 1 races

May 25, 2022 10:21 am CNN Newsource

By Paul R. La Monica, CNN Business What crypto crash? Bitcoin prices may be plunging, but you wouldn’t know it by checking out the cars on the…

Oreo and Ritz are giving away free cookie-cracker sandwiches

May 25, 2022 7:30 am CNN Newsource

By Jordan Valinsky, CNN Business Sweet and salty are a famous pair when it comes to snacks, and a new Oreo and Ritz collaboration is leveraging just…

In a May 24 filing with the Securities and Exchange Commission

Wendy’s puts up the ‘for sale’ sign as costs rise

May 25, 2022 8:35 am CNN Newsource

By Danielle Wiener-Bronner, CNN Business Wendy’s may be up for sale. In a Tuesday filing with the Securities and Exchange Commission,…

Opinion: Texas’ new social media law affects all of us

May 25, 2022 8:21 am CNN Newsource

Opinion by Kara Alaimo for CNN Business Perspectives Earlier this month, a federal appeals court ruled that a Texas law, which allows residents to…

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