Money Archives

Elon Musk aims to quintuple Twitter’s revenue to $26.4 billion by 2028, NYT says

May 7, 2022 8:21 am CNN Newsource

Reuters Elon Musk is aiming to increase Twitter’s annual revenue to $26.4 billion by 2028, up from $5 billion last year, the New York Times…

Covid hit Nashville hard. Now the performing arts are staging a comeback

May 7, 2022 7:27 am CNN Newsource

By Alicia Wallace, CNN Business Photographs by William DeShazer for CNN When the pandemic hit the US in March 2020, concert halls fell silent, stages…

Covid hit Nashville hard. Now the performing arts are staging a comeback

May 7, 2022 7:27 am CNN

By Alicia Wallace, CNN Business Photographs by William DeShazer for CNN When the pandemic hit the US in March 2020, concert halls fell silent, stages…

Hot Wheels launches first remote-controlled wheelchair toy in partnership with Paralympian

May 7, 2022 6:14 am CNN Newsource

By Zoe Sottile, CNN Hot Wheels is expanding representation for kids who use wheelchairs — with the company’s first-ever remote-controlled…

To save itself, Netflix might have to play nice with an industry it battled for years

May 7, 2022 6:11 am CNN Newsource

By Frank Pallotta, CNN Business Netflix is still reeling from its stock plunge last month after losing subscribers for the first time in more than a…

These young Black influencers eat, sleep and shoot videos at a mansion near Atlanta. Together they have 30 million followers

May 7, 2022 5:38 am CNN Newsource

Story by Faith Karimi, CNN Video by Lacey Russell, CNN Photographs by Lynsey Weatherspoon/Redux for CNN The gray mansion with white trim stands out…

These young Black influencers eat, sleep and shoot videos at a mansion near Atlanta. Together they have 30 million followers

May 7, 2022 5:34 am CNN

Story by Faith Karimi, CNN Video by Lacey Russell, CNN Photographs by Lynsey Weatherspoon/Redux for CNN The gray mansion with white trim stands out…

Wait, Trader Joe was a real guy?

May 7, 2022 2:31 am CNN Newsource

By Nathaniel Meyersohn, CNN Business Turns out Trader Joe was a real guy, and his shrewd instincts led him to create a counter-culture grocery…

Pro-choice activists object to a pro-life supporter trying to provoke arguments at the Supreme Court the day after learning that Supreme Court justices had voted to overturn Roe v. Wade in a draft opinion for the Dobbs v. JWHO case.

Politico’s exclusive on Roe v. Wade was most-viewed story in outlet’s history

May 6, 2022 6:18 pm CNN

By Oliver Darcy, CNN Business Politico’s explosive scoop about a draft opinion revealing that the Supreme Court had voted to overturn Roe v.…

Politico’s exclusive on Roe v. Wade was most-viewed story in outlet’s history

May 6, 2022 6:18 pm CNN Newsource

By Oliver Darcy, CNN Business Politico’s explosive scoop about a draft opinion revealing that the Supreme Court had voted to overturn Roe v.…

The Department of Defense fought to prevent Mark Esper

Defense Dept. tried to block Esper from revealing Trump floated launching missiles into Mexico to ‘destroy’ drug labs

May 6, 2022 6:13 pm CNN

By Oliver Darcy, CNN Business The Department of Defense fought to prevent Mark Esper, the former secretary of defense, from revealing in his…

Defense Dept. tried to block Esper from revealing Trump floated launching missiles into Mexico to ‘destroy’ drug labs

May 6, 2022 6:13 pm CNN Newsource

By Oliver Darcy, CNN Business The Department of Defense fought to prevent Mark Esper, the former secretary of defense, from revealing in his…

A pedestrian carries shopping bags in the Herald Square area of New York

Consumer debt soared by $52 billion in March

May 6, 2022 2:07 pm CNN Newsource

By Alicia Wallace, CNN Business Americans are racking up debt at record rates. Consumer debt levels for March 2022 climbed by $52.4 billion, an…

Starbucks is "deeply concerned" that it was excluded from a White House meeting with union representatives.

Starbucks says it’s ‘deeply concerned’ White House met union without them

May 6, 2022 11:55 am CNN Newsource

By Danielle Wiener-Bronner, CNN Business Starbucks isn’t pleased that the White House left management out of a meeting with union…

Wall Street is fed up with Under Armour, Nike and Adidas

May 6, 2022 11:32 am CNN Newsource

By Nathaniel Meyersohn, CNN Business Tripped-up supply chains and a coronavirus surge in China are causing headaches for top athletic brands. Under…

Janet Yellen warns of continued volatility in the economy

May 6, 2022 9:32 am CNN

By Matt Egan, CNN Business US Treasury Secretary Janet Yellen told lawmakers on Tuesday the Covid-19 pandemic and the war in Ukraine may continue to…

The stock market is afraid, but there are pockets of strength if you know where to look

May 6, 2022 9:20 am CNN Newsource

By Paul R. La Monica, CNN Business Investors are very nervous about what’s next for America’s economy, with market fear gauges spiking.…

Some workers have decided to return to their old jobs.

These ‘boomerang’ employees went back to their old jobs. They tell us why

May 6, 2022 8:55 am CNN Newsource

By Kathryn Vasel With the job market still going strong, millions of workers have switched jobs in the past year. In March, a record 4.5 million…

America's job growth is starting to slow. Diners are seen at a restaurant as the indoor mask mandate is reinstated in Philadelphia

America added 428,000 jobs in April

May 6, 2022 8:36 am CNN

By Anneken Tappe, CNN Business After an electric economic recovery from the pandemic, the job market is showing signs of returning to normal.…

A recession may be around the corner. People here walk along Wall Street on March 02

A recession may be around the corner. Don’t panic

May 6, 2022 8:19 am CNN Newsource

By Allison Morrow, CNN Business Around the world, warning signs of a recession are flashing. Wall Street is on edge. Central banks are hiking…

‘Doctor Strange’ conjures big box office opening for Marvel

May 6, 2022 8:02 am CNN

By Frank Pallotta, CNN Business “Doctor Strange in the Multiverse of Madness,” the latest film in the Marvel Cinematic Universe, made an…

"Doctor Strange" conjures a big opening night as theaters prepare for a vital summer.

‘Doctor Strange’ conjures a big opening day as theaters prep for a vital summer

May 6, 2022 8:02 am CNN Newsource

By Frank Pallotta, CNN Business After the pandemic pummeled its business, the movie industry is counting on a comeback. The good news for theaters is…

America added 428,000 jobs in April

May 6, 2022 7:30 am CNN

By Anneken Tappe, CNN Business After an electric economic recovery from the pandemic, the job market is showing signs of returning to normal.…

Lockdowns in Shanghai and other Chinese cities will hit Adidas' sales this year.

Adidas reports nearly 40% drop in profits. Here’s why

May 6, 2022 4:57 am CNN Newsource

By Anna Cooban, CNN Business Adidas on Friday blamed poor sales in China for a sharp drop in first quarter profit. The German sportswear giant…

The Dow fell more than 400 points shortly after the opening bell. People walk by the New York Stock Exchange on May 05

Dow falls again as Wall Street rout continues

May 6, 2022 7:14 am CNN Newsource

By Paul R. La Monica, CNN Business Stocks ended the day lower in a volatile session Friday. A solid jobs report was not enough to fully convince…

Traders work the floor of the New York Stock Exchange during morning trading on May 05

The Fed doubters are back

May 6, 2022 5:01 am CNN Newsource

By Julia Horowitz, CNN Business This newsletter yesterday highlighted warnings that market enthusiasm after the Federal Reserve’s latest…

America added 428,000 jobs in April

May 6, 2022 3:37 am CNN Newsource

By Anneken Tappe, CNN Business After an electric economic recovery from the pandemic, the job market is showing signs of returning to normal.…

Shipping delays are back as China’s lockdowns ripple around the world

May 6, 2022 2:03 am CNN Newsource

By Laura He, CNN Business Global shipping was just starting to recover from the chaos of the pandemic. Now port congestion and delays are back and…

Keiki makes learning games and puzzles for kids aged 2 to 5 years old.

Ukrainian startup is bringing school to displaced students

May 6, 2022 4:05 am CNN Newsource

By Parija Kavilanz, CNN Business Russia’s continuing assault in Ukraine has devastated the country and the lives of millions of its citizens.…

America added 428,000 jobs in April

May 6, 2022 3:37 am CNN

By Anneken Tappe, CNN Business The days of millions of monthly job gains are behind us: America’s employers added 428,000 jobs in April, the…

Global markets are rattled by Wall Street and China's zero-Covid pledge. Pictured is the Hong Kong Exchange Square.

Global markets rattled by Wall Street and China’s zero-Covid pledge

May 5, 2022 10:59 pm CNN Newsource

By Laura He and Mark Thompson, CNN Business Global markets slid Friday after Wall Street suffered its worst day of the year. Major European indexes…

Representation of Bitcoin cryptocurrency is seen in this illustration photo taken in Krakow

Elizabeth Warren is worried about Fidelity’s plan to offer bitcoin in 401(k)s

May 5, 2022 3:42 pm CNN Newsource

By Jeanne Sahadi, CNN Business Bitcoin is notoriously volatile. But it may also prove politically vexing for Fidelity, which is getting blowback from…

The Fed doubters are back

May 5, 2022 2:27 pm CNN

By Julia Horowitz, CNN Business This newsletter yesterday highlighted warnings that market enthusiasm after the Federal Reserve’s latest…

Airbnb CEO: Current office designs are outdated

May 5, 2022 12:37 pm CNN Newsource

By Kathryn Vasel, CNN Business Airbnb recently told employees they can work remote permanently, but when they do return to the office it’ll…

Opinion: Europe should call Russia’s bluff on energy

May 5, 2022 12:01 pm CNN Newsource

Opinion by Paul Hockenos for CNN Business Perspectives Russia’s announcement last week that it was halting all gas deliveries to Poland and…

Europe has finally proposed a ban on Russian oil

Europe is planning to ditch Russia’s oil. Will it go after its gas?

May 5, 2022 9:28 am CNN Newsource

By Anna Cooban, CNN Business Europe has finally proposed a ban on Russian oil, but has again stopped short of using its most potent weapon —…

Some economists now worry that a brief recession is inevitable because of these first few rate hikes. But if the Fed takes a victory lap too soon and slows the pace of future rate increases

The Fed could have trouble avoiding a double-dip recession

May 5, 2022 8:49 am CNN Newsource

By Paul R. La Monica, CNN Business The Federal Reserve finally seems prepared to whip inflation. The last time the Fed faced surging prices like…

Dow plunges more than 1,000 points in Wall Street’s worst day of the year

May 5, 2022 8:36 am CNN Newsource

By Nicole Goodkind, CNN Business So much for the good feelings on Wall Street. US markets fell sharply Thursday, marking their worst day of the year…

Wall Street is fed up with Under Armour, Nike and Adidas

May 5, 2022 8:10 am CNN

By Nathaniel Meyersohn, CNN Business Tripped-up supply chains and a coronavirus surge in China are causing headaches for top athletic brands. Under…

US worker productivity fell at the fastest rate in nearly 75 years

May 5, 2022 7:46 am CNN Newsource

By Alicia Wallace, CNN Business US labor productivity tumbled by 7.5% in the first quarter of 2022 — the largest decline in worker output per…

Mortgage rates hit the highest level since 2009.

Mortgage rates hit highest level since 2009

May 5, 2022 7:38 am CNN Newsource

By Anna Bahney, CNN Business Mortgage rates rose this week, continuing an upward trend that has pushed rates more than two percentage points higher…

There are a few ways to situate your money so that you can benefit from a rising interest rate environment

How to take advantage of rising interest rates

May 5, 2022 5:32 am CNN Newsource

By Jeanne Sahadi, CNN Business In a bid to curb high inflation, the US Federal Reserve on Wednesday increased its key short-term interest rate by…

Mortgage rates hit highest level since 2009

May 5, 2022 7:06 am CNN

By Anna Bahney, CNN Business Mortgage rates rose this week, continuing an upward trend that has pushed rates more than two percentage points higher…

Mortgage rates hit highest level since 2009

May 5, 2022 6:20 am CNN

By Anna Bahney, CNN Business Mortgage rates rose this week, continuing an upward trend that has pushed rates more than two percentage points higher…

The Biden administration launches a plan to refill the emergency oil reserve.

First on CNN: Biden administration launches plan to refill emergency oil reserve

May 5, 2022 5:38 am CNN Newsource

By Matt Egan, CNN Business The Biden administration plans to seek bids this fall to buy 60 million barrels of crude oil as the first step in a…

Why relief over the Federal Reserve could be short-lived

May 5, 2022 5:19 am CNN Newsource

By Julia Horowitz, CNN Business When the Federal Reserve decides it’s necessary to pursue the biggest interest rate hike since 2000, you…

Elon Musk probably got a huge tax break when he sold off Tesla shares

May 5, 2022 4:58 am CNN Newsource

By Chris Isidore, CNN Business To buy Twitter, Elon Musk just sold a ton of stock and made a boatload of money on the sale. But because of a US tax…

America’s job growth is starting to slow

May 5, 2022 4:58 am CNN

By Anneken Tappe, CNN Business The days of millions of job gains per month are behind us and the US labor market recovery has moved into a new phase,…

America’s job growth is starting to slow

May 5, 2022 4:58 am CNN Newsource

By Anneken Tappe, CNN Business The days of millions of job gains per month are behind us and the US labor market recovery has moved into a new phase,…

University students protest after the gang-rape of a girl in New Delhi

A 13-year-old girl told the police she had been gang-raped. Then a police officer allegedly raped her

May 5, 2022 2:58 am CNN Newsource

By Esha Mitra and Rhea Mogul, CNN A 13-year-old girl who was allegedly gang-raped by four men in India, was allegedly raped again by a police officer…

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