Money Archives

China has been buying more energy from Russia since the Ukraine war started.

China is helping to prop up the Russian economy. Here’s how

February 22, 2023 7:08 pm CNN Newsource

By Laura He, CNN In the year since the Russian invasion of Ukraine, Moscow has been hit by unprecedented Western sanctions and shut out of much of…

China is helping to prop up the Russian economy. Here’s how

February 22, 2023 7:08 pm CNN

By Laura He, CNN In the year since the Russian invasion of Ukraine, Moscow has been hit by unprecedented Western sanctions and shut out of much of…

China is helping to prop up the Russian economy. Here’s how

February 22, 2023 7:08 pm CNN

By Laura He, CNN In the year since the Russian invasion of Ukraine, Moscow has been hit by unprecedented Western sanctions and shut out of much of…

A Norfolk Southern freight train passes through East Palestine

Norfolk Southern, in wake of toxic derailment, gives in on sick days for one of its unions

February 22, 2023 5:05 pm CNN Newsource

By Chris Isidore, CNN Norfolk Southern has agreed to give one of its unions the paid sick days it demanded for members in negotiations last year, and…

FDA fines e-cigarette makers for selling products illegally in ‘wakeup call’ to tobacco manufacturers

February 22, 2023 1:14 pm CNN Newsource

By Jen Christensen, CNN The US Food and Drug Administration announced Wednesday that it has filed complaints against four makers of e-cigarette…

Companies can no longer silence laid-off employees in exchange for severance

February 22, 2023 1:56 pm CNN Newsource

By Jeanne Sahadi, CNN If your company lays you off, your employer might offer you severance pay — but only if you agree to adhere to a number of…

A cyberattack earlier this month forced produce giant Dole to temporarily shut down production plants in North America and halt food shipments to grocery stores

Cyberattack on food giant Dole temporarily shuts down North America production, company memo says

February 22, 2023 1:20 pm CNN Newsource

By Sean Lyngaas, CNN A cyberattack earlier this month forced produce giant Dole to temporarily shut down production plants in North America and halt…

Biden admin cuts some mortgage fees amid housing affordability crisis

February 22, 2023 11:36 am CNN Newsource

By Anna Bahney, CNN The Biden administration announced Wednesday a change that will save an estimated 850,000 home buyers — primarily low- and…

Angry Birds will be one of the applications available in the new Mercedes-Benz E-class.

New from the Mercedes’ 2024 E-class: Angry Birds

February 22, 2023 11:14 am CNN

By Peter Valdes-Dapena, CNN Business For those who have ever felt the urge to whip off a TikTok video from inside their car, Mercedes-Benz owners…

New from the Mercedes’ 2024 E-class: Angry Birds

February 22, 2023 11:14 am CNN Newsource

By Peter Valdes-Dapena, CNN Business For those who have ever felt the urge to whip off a TikTok video from inside their car, Mercedes-Benz owners…

National Public Radio will lay off 10% of its staff. The public broadcaster's headquarters in Washington are pictured here in this file image from 2013.

NPR to cut 10% of its staff in “a major loss” for the public radio network, CEO says

February 22, 2023 11:04 am CNN Newsource

By Jon Passantino National Public Radio will lay off 10% of its staff after projecting a $30 million budget shortfall, NPR’s chief executive…

Workers continue to clean up remaining tank cars

Norfolk Southern is paying $6.5 million to derailment victims. Meanwhile, it’s shelling out $7.5 billion for shareholders

February 22, 2023 10:16 am CNN

By Chris Isidore, CNN Norfolk Southern CEO Alan Shaw pledged Tuesday the freight railroad will spend $6.5 million to help those affected by the…

Norfolk Southern is paying $6.5 million to derailment victims. Meanwhile, it’s shelling out $7.5 billion for shareholders

February 22, 2023 10:16 am CNN Newsource

By Chris Isidore, CNN Norfolk Southern CEO Alan Shaw pledged Tuesday the freight railroad will spend $6.5 million to help those affected by the…

Why UK supermarkets are rationing fruit and vegetables

February 22, 2023 9:15 am CNN Newsource

By Anna Cooban, CNN Major UK supermarkets have started rationing the sale of some staple fruits and salad vegetables, blaming poor weather in Spain…

Big Retail’s cautious forecasts are spooking Wall Street

February 22, 2023 4:23 am CNN Newsource

By Nicole Goodkind, CNN Forecasts from Walmart and Home Depot made for a grim day of trading on Tuesday. The mega retailers’ predictions of a…

Killer guru’s temporary release from prison sparks anger in India. And it’s not the first time

February 22, 2023 1:24 am CNN Newsource

By Manveena Suri and Rhea Mogul, CNN A convicted killer and rapist revered by millions as a religious guru has temporarily walked free from jail in…

Officials expect Hong Kong's economy to grow between 3.5% and 5.5% this year. People here walk on a street in Causeway Bay on January 2

Hong Kong’s financial secretary expects city’s economy to grow between 3.5% and 5.5%

February 21, 2023 11:36 pm CNN Newsource

By Laura He, CNN Hong Kong’s Covid-hit economy will return to growth this year and expand by between 3.5% and 5.5%, as the city opens up and…

Travelers look at an information board showing flight cancellations and delays at Reagan National Airport in December 2022. The Department of Transportation's internal watchdog said on February 21 it is launching a probe into the spike in flight cancellations and delays.

Department of Transportation watchdog to investigate flight cancellations and delays

February 21, 2023 4:29 pm CNN Newsource

By Ross Levitt, CNN The Department of Transportation’s internal watchdog said Tuesday it is launching a probe into the spike in flight…

Starbucks’ new drinks have a spoonful of olive oil in every cup

February 21, 2023 3:25 pm CNN

By Danielle Wiener-Bronner, CNN Business Starbucks wants you to give olive oil coffee a shot. Really. The coffee chain is rolling out a new line of…

Norfolk Southern President and CEO Alan Shaw speaks to reporters on February 21 near the site where a freight train derailed on February 3 in East Palestine

Norfolk Southern CEO defends railroad’s response to Ohio derailment

February 21, 2023 3:01 pm CNN Newsource

By Artemis Moshtaghian, Linh Tran, Yon Pomrenze and Chris Isidore, CNN Norfolk Southern CEO Alan Shaw defended his company’s actions since the…

Former FTX chief executive Samuel Bankman-Fried is seen here in New York City on February 9. Lawyers for Bankman-Fried agreed to pay for a security expert to help the federal judge overseeing his fraud case navigate technology issues.

Bankman-Fried lawyers say they will pay for technical expert to aid judge on bail terms

February 21, 2023 2:03 pm CNN Newsource

by Kara Scannell, CNN Lawyers for Sam Bankman-Fried agreed to pay for a security expert to help the federal judge overseeing his fraud case navigate…

Starbucks’ new drinks have a spoonful of olive oil in every cup

February 21, 2023 1:07 pm CNN Newsource

By Danielle Wiener-Bronner, CNN Business Starbucks wants you to give olive oil coffee a shot. Really. The coffee chain is rolling out a new line of…

The Securities and Exchange Commission fined the Church of Jesus Christ of Latter-day Saints

Mormon Church to pay fine to settle charges it hid an approximately $32 billion investment fund

February 21, 2023 11:34 am CNN Newsource

By Nathaniel Meyersohn, CNN The Church of Jesus Christ of Latter-day Saints and its investment manager will pay a $5 million fine to settle…

US stocks dropped on Tuesday as retail earnings disappoint. Pictured is the New York Stock Exchange on February 14.

Dow drops by nearly 700 points as retail earnings disappoint

February 21, 2023 10:28 am CNN Newsource

By Nicole Goodkind, CNN US stocks plunged on Tuesday after fourth-quarter earnings and forecasts from mega-retailers like Walmart and Home Depot…

US home sales declined in January for the 12th consecutive month. Pictured is a home for sale in Scarsdale

Home sales sank in January for the 12th straight month

February 21, 2023 7:01 am CNN Newsource

By Anna Bahney, CNN US home sales declined in January for the 12th consecutive month as mortgage rates remained elevated and stubbornly high prices…

Starbucks displayed ‘egregious and widespread misconduct’ in union fight, judge says

February 21, 2023 7:00 am CNN

By Danielle Wiener-Bronner, CNN Starbucks has displayed “egregious and widespread misconduct” in its dealings with employees involved in…

Walmart on Tuesday forecast slower sales and profit growth as inflation takes its toll. Pictured is a Walmart store in Dunwoody

Walmart warns it’s in for a tough year

February 21, 2023 6:57 am CNN Newsource

By Nathaniel Meyersohn, CNN Walmart had a strong holiday shopping season, but the year ahead will be more challenging for America’s largest…

Shares of Swiss bank Credit Suisse plunged on Tuesday on report of regulatory probe. The headquarters of Swiss bank Credit Suisse are pictured here in Zurich

Credit Suisse shares plunge again on report of regulatory probe

February 21, 2023 6:36 am CNN Newsource

By Olesya Dmitracova, CNN Shares of embattled Swiss bank Credit Suisse fell to a record low Tuesday after a report that regulators are reviewing…

Baristas prepare orders at a Starbucks coffee shop in New York

Starbucks CEO says things have gone sour for young people

February 21, 2023 6:00 am CNN Newsource

By Danielle Wiener-Bronner Fifteen years ago, Howard Schultz reprised his role as Starbucks CEO, returning to the helm to help put the struggling…

A Shell gas station is pictured on February 2

How oil and gas companies think about their shareholders

February 21, 2023 4:50 am CNN Newsource

By Nicole Goodkind, CNN Oil and gas companies have seen skyrocketing growth as the energy crisis triggered by Russia’s war in Ukraine has…

Home Depot said it will increase pay and benefits for front line hourly staff by $1 billion this year. Pictured is an employee at a Home Depot store in Livermore

Home Depot to spend $1 billion more on hourly workers

February 21, 2023 4:13 am CNN Newsource

By Chris Isidore, CNN Home Depot said it will increase pay and benefits for front line hourly staff by $1 billion this year, another sign of a…

Standard Chartered plans hiring spree in Hong Kong as city reopens to China

February 20, 2023 10:31 pm CNN Newsource

By Michelle Toh, CNN Standard Chartered is going on a hiring spree in Hong Kong this year, in a sign of renewed confidence in its biggest market as…

Don Lemon to return to CNN, will undergo formal training following sexist comments, network boss says

February 20, 2023 8:47 pm CNN Newsource

By Oliver Darcy, CNN CNN anchor Don Lemon will return to the network’s air on Wednesday and will participate in formal training following…

Men participating in the world's biggest trial of a four-day work week spent much more time with their children

Men did a lot more childcare while trialing a four-day work week

February 20, 2023 4:02 pm CNN Newsource

By Anna Cooban, CNN Men participating in the world’s biggest trial of a four-day work week spent much more time with their children, organizers…

James O’Keefe ousted from right-wing activist group Project Veritas

February 20, 2023 2:13 pm CNN Newsource

By Jon Passantino, CNN James O’Keefe, the founder and chairman of Project Veritas — the right-wing activist group known for its selectively…

A recent study found that Black couples on average face higher tax costs associated with marriage than White couples.

Black couples pay a higher tax penalty for marriage than White couples. Here’s why

February 20, 2023 12:08 pm CNN Newsource

By Jeanne Sahadi, CNN When filling out your federal income tax return, there is no requirement to identify your race. Moreover, the US tax code does…

London is handing out free meals for all primary school children. In this file image from 2022

London is handing out free meals for all elementary school children

February 20, 2023 7:37 am CNN Newsource

By Hanna Ziady, CNN London’s mayor has announced an emergency program to provide free meals for all children attending state primary schools in…

Elon Musk is currently working for Tesla for free. That could change

February 20, 2023 5:16 am CNN Newsource

By Chris Isidore, CNN For the moment at least, Elon Musk is working at Tesla for free. Depending on how you look at it. Musk still has the potential…

Beijing will give out a $6 monthly cash subsidy to offset inflation. Pork is for sale at a wholesale market in Beijing on January 12.

China’s capital offers $6 monthly handout to offset inflation. The public says it’s not nearly enough

February 19, 2023 11:46 pm CNN Newsource

By Laura He, CNN Beijing will give out a $6 monthly cash subsidy to low-income residents to cushion the impact of rising food prices, a move that has…

Meta is launching a pay-for-verification subscription service for Facebook and Instagram

February 19, 2023 10:44 am CNN Newsource

By Ramishah Maruf, CNN Meta is testing a subscription service which will allow Instagram and Facebook users to pay to get verified, Mark Zuckerberg…

Warren Buffett is missing out on this year’s market comeback

February 19, 2023 4:33 am CNN Newsource

By Paul R. La Monica, CNN Warren Buffett is arguably the most legendary investor of all time. But the Oracle of Omaha has missed out on this…

Customers exit a Walmart store on January 24

Here’s what’s open and closed on Presidents Day 2023

February 19, 2023 3:47 am CNN Newsource

By Ramishah Maruf, CNN This Monday, February 20, marks Presidents Day. The federal holiday falls on the third Monday of February, commemorating…

Prices for single-family homes are falling in these cities

February 19, 2023 2:08 am CNN Newsource

By Anna Bahney, CNN Home prices are going up across the country — in aggregate. Looking at individual markets, however, some are showing prices…

Twitter Blue subscribers will be the platform's only users able to use text messages as a two-factor authentication method.

Twitter to charge for SMS two-factor authentication

February 18, 2023 12:20 pm CNN Newsource

By Ramishah Maruf, CNN Twitter Blue subscribers will be the platform’s only users able to use text messages as a two-factor authentication…

Elon Musk is currently working for Tesla for free. That could change

February 18, 2023 12:20 pm CNN

By Chris Isidore, CNN For the moment at least, Elon Musk is working at Tesla for free. Depending on how you look at it. Musk still has the potential…

A pedestrian walks past a used car lot on February 15 in Glendale

After a steep fall, used car prices poised to rise again

February 18, 2023 10:27 am CNN Newsource

By Chris Isidore, CNN The price of used cars has been falling steadily, and steeply, for much of the last year. Unfortunately for car buyers, that…

Starbucks Vanilla Frappuccino bottles marked with one of four expiration dates are being recalled.

Some Starbucks vanilla drinks are recalled, might have glass in them

February 18, 2023 9:28 am CNN Newsource

By Jay Croft, CNN Distributor PepsiCo is recalling more than 300,000 Starbucks Vanilla Frappuccino bottles because they might have glass in them, the…

A historic 1950's McDonald's restaurant in Downey

Why Pizza Hut’s red roofs and McDonald’s play places have disappeared

February 18, 2023 2:02 am CNN Newsource

By Nathaniel Meyersohn, CNN For decades, bright, playful and oddly-shaped fast-food restaurants dotted the roadside along America’s highways.…

Former Barclays CEO Jes Staley allegedly exchanged sexually suggestive emails with disgraced financier Jeffrey Epstein. Staley is seen here in Davos

Lawsuit alleges Jeffrey Epstein sent JPMorgan Chase exec photos of young women

February 17, 2023 4:03 pm CNN Newsource

By Nicole Goodkind, CNN Former Barclays CEO Jes Staley allegedly exchanged sexually suggestive emails with disgraced financier Jeffrey Epstein, some…

Analysis: Fox News has been exposed as a dishonest organization terrified of its own audience

February 17, 2023 5:53 pm CNN

By Oliver Darcy, CNN Business Fox News has been exposed like never before. A trove of newly-released text messages and emails have laid bare how the…

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