Money Archives

The Bureau of Labor Statistics said Thursday that Americans spent 11.8% more on groceries than a year ago.

Americans are spending an extra $371 a month because of inflation

January 14, 2023 3:02 am CNN Newsource

By Matt Egan From rent and groceries to utilities, families are paying a lot more every month as they try to keep up with inflation. And while…

A hairline crack became a 3-foot chasm. That’s when he knew they had to leave

January 13, 2023 3:47 pm CNN Newsource

By Tara Subramaniam and Vedika Sud, CNN For years, residents in the northern Indian city of Joshimath have complained to local officials that their…

Egg shortage sends New Zealanders rushing to buy their own hens

January 13, 2023 12:15 pm CNN

By Michelle Toh, CNN Eggs have soared in cost around the world over the past year as avian flu decimated chicken flocks and fallout from…

The egg shortage has enabled record quarterly profits and sales at Cal-Maine Foods

Surging egg prices mean record profits for largest US egg producer

January 13, 2023 10:38 am CNN Newsource

By Nathaniel Meyersohn, CNN A spike in egg prices has squeezed customers. But even with rising costs of its own, the leading US egg supplier has…

Unemployment among Latinos and Black women still hasn't recovered fully from the pandemic. A person reads a list of employers as they attend a job fair on September 9

As U.S. unemployment improved, it worsened for Latinos and Black women

January 13, 2023 10:48 am CNN Newsource

By Rikki Klaus, CNN The US unemployment rate returned to a historic low of 3.5% in December. Not everyone is celebrating, however: Jobless rates for…

Most business economists expect their companies to cut payrolls in the coming months.

More layoffs are on the way, survey of business economists finds

January 13, 2023 10:48 am CNN

By Matt Egan, CNN For the first time since the early days of the pandemic, most business economists expect their companies to cut payrolls in the…

Surging egg prices mean record profits for largest US egg producer

January 13, 2023 10:38 am CNN

By Nathaniel Meyersohn, CNN A spike in egg prices has squeezed customers. But even with rising costs of its own, the leading US egg supplier has…

Delta Air Lines decided against using a "fairly old backup technology" to the FAA safety system that failed this week.

Delta decided against using ‘fairly old’ backup system during FAA outage

January 13, 2023 10:11 am CNN

By Gregory Wallace, CNN Delta Air Lines has a backup to the federal aviation safety system that failed this week, but the airline decided against…

Delta decided against using ‘fairly old’ backup system during FAA outage

January 13, 2023 10:11 am CNN Newsource

By Gregory Wallace, CNN Delta Air Lines has a backup to the federal aviation safety system that failed this week, but the airline decided against…

Mud, mold, and destruction: California businesses face catastrophic damage

January 13, 2023 7:47 am CNN

By Parija Kavilanz, CNN At the end of a long wooden California pier that juts out above the Pacific ocean sits the Wharf House. It’s now almost…

Exclusive: Rocket CEO says housing isn’t a buyer’s or a seller’s market. Now it’s even

January 13, 2023 8:41 am CNN

By Matt Egan, CNN Business Covid-19 set off an epic housing boom that left first-time homebuyers feeling desperate amid relentless bidding wars and…

Exclusive: Rocket CEO says housing isn’t a buyer’s or a seller’s market. Now it’s even

January 13, 2023 8:41 am CNN Newsource

By Matt Egan, CNN Business Covid-19 set off an epic housing boom that left first-time homebuyers feeling desperate amid relentless bidding wars and…

Consumer sentiment has perked back up to its highest level since April.

Why consumer sentiment is at its highest level since April

January 13, 2023 8:09 am CNN Newsource

By Alicia Wallace, CNN As inflation continues its slow and steady descent, consumer sentiment is climbing back out of a trough hit last year. The…

Mud, mold, and destruction: California businesses face catastrophic damage

January 13, 2023 7:47 am CNN Newsource

By Parija Kavilanz, CNN At the end of a long wooden California pier that juts out above the Pacific ocean sits the Wharf House. It’s now almost…

Pepsi is changing its Zero Sugar recipe

January 13, 2023 6:35 am CNN Newsource

By Jordan Valinsky, CNN Business Pepsi Zero Sugar will soon taste different. The sugar-free soda unveiled a new recipe that uses a “new…

Bank earnings fail to impress investors as recession worries rise

January 13, 2023 5:41 am CNN Newsource

By Paul R. La Monica, CNN JPMorgan Chase, Bank of America, Citigroup and asset management giant BlackRock posted results that topped Wall…

Global interest rate hikes are ‘yet to bite,’ says IMF head

January 13, 2023 4:58 am CNN

By Anna Cooban, CNN The world economy is still in a sticky spot, according to the head of the International Monetary Fund, despite cautious optimism…

Goldman Sachs isn't too worried about a recession. People here walk by Goldman Sachs headquarters on December 16

Why Goldman Sachs isn’t too worried about a recession

January 13, 2023 4:20 am CNN Newsource

By Nicole Goodkind, CNN America’s largest financial institutions are pivoting into a new industry: Meteorology. JPMorgan Chase CEO Jamie Dimon…

‘This is the last thing we need:’ Millions of businesses hammered by the pandemic need to start paying back Covid loans

January 13, 2023 4:19 am CNN Newsource

By Gabe Cohen, CNN At Teddy & The Bully Bar restaurant near downtown Washington, DC, business has never been the same since the pandemic hit.…

Passengers wait for their flights at LaGuardia airport in New York on January 11.

Aging, outdated technology leaves air travel at risk of meltdown

January 13, 2023 3:54 am CNN Newsource

By Brian Fung, CNN The massively disruptive computer outage at the Federal Aviation Administration this week that caused thousands of cancelled or…

The pilots labor deal will trim Delta Air Lines' profitability going forward. Pictured is a Delta plane at Bill and Hillary Clinton National Airport in Little Rock

Delta trims guidance on cost of pilots labor deal

January 13, 2023 3:53 am CNN Newsource

By Chris Isidore, CNN Delta Air Lines reported very strong fourth-quarter results Friday that beat forecasts, capping its first profitable year since…

Bosch is planning to invest $1 billion to make components for new energy vehicles in China.

Bosch to invest $1 billion in EV parts factory in China

January 13, 2023 2:39 am CNN Newsource

By Diksha Madhok Bosch, the German engineering and technology company, is planning to invest $1 billion to make components for new energy vehicles in…

Thailand welcomes back Chinese tourists with ‘arms wide open’ as key market returns

January 13, 2023 2:08 am CNN Newsource

By Kocha Olarn and Michelle Toh, CNN For years, Thailand welcomed legions of Chinese tourists to its golden beaches, shopping districts and striking…

China’s exports plunge as global demand weakens, but trade with Russia hits record high

January 12, 2023 11:50 pm CNN Newsource

By Laura He, CNN China reported a record trade surplus for 2022, as its key export sector delivered robust growth for most of last year, providing…

A Boeing 737 Max 8 took off in China for the first time since 2019. Pictured is a Boeing assembly plant in Renton

Boeing 737 Max 8 takes off in China for the first time since 2019

January 12, 2023 10:17 pm CNN Newsource

By Pierre Meilhan, CNN A Boeing 737 Max 8 took off in China on Friday, for the first time since the government grounded all 737 Max 8 planes in 2019,…

Corporate workers at Starbucks must return to the office at least three days a week by the end of January. Pictured are Starbucks headquarters in Seattle

Starbucks tells corporate employees to return to office 3 days a week

January 12, 2023 7:30 pm CNN Newsource

By Juliana Liu, CNN Corporate workers at Starbucks must return to the office at least three days a week by the end of January, interim CEO Howard…

New York City Mayor Eric Adams listens to Gov. Kathy Hochul deliver her State of the State address at the state Capitol in Albany

NYC mayor cites slower economic growth spurred by high office vacancy, cost of migrant crisis and health care, in budget address

January 12, 2023 6:38 pm CNN Newsource

By Mark Morales, CNN New York City Mayor Eric Adams unveiled the state of the city’s economic outlook as part of a $102.7 billion budget…

A bicyclist rides past the US Capitol at dusk as the House meets to vote on a rules package for the 118th Congress

US deficit widens by $85 billion in December

January 12, 2023 1:13 pm CNN

By Alicia Wallace, CNN The US government recorded a deficit of $85 billion in December, bringing the total deficit to nearly $1.42 trillion for the…

US deficit widens by $85 billion in December

January 12, 2023 1:13 pm CNN Newsource

By Alicia Wallace, CNN The US government recorded a deficit of $85 billion in December, bringing the total deficit to nearly $1.42 trillion for the…

A shopper checks eggs before he purchases them at a grocery store in Glenview

Egg prices exploded 60% higher last year. These food prices surged too

January 12, 2023 1:04 pm CNN Newsource

By Alicia Wallace, CNN Eggs, milk, butter, flour … if you were making pancakes last year, it would have cost you. Food prices surged in 2022.…

HBO Max raises prices for the first time

January 12, 2023 11:02 am CNN Newsource

By Jordan Valinsky, CNN Business HBO Max, which debuted in May 2020, is getting its first-ever price hike. Effective immediately, the ad-free HBO Max…

Climate activists on the first day of ExxonMobil's trial outside the New York State Supreme Court building in October 2019. Exxon won the case

Exxon accurately predicted global warming from 1970s — but continued to cast doubt on climate science, new report finds

January 12, 2023 11:00 am CNN Newsource

By Laura Paddison, CNN ExxonMobil’s own scientists accurately predicted future global warming in reports dating back to the late 1970s and…

The IRS will start accepting 2022 federal income tax returns on January 23

Tax filing season starts January 23, IRS says

January 12, 2023 10:31 am CNN Newsource

By Jeanne Sahadi, CNN The IRS will start accepting 2022 federal income tax returns on January 23, the tax agency announced on Thursday. Of course,…

Mortgage rates inched down last week, after a slight increase the week before

January 12, 2023 9:02 am CNN Newsource

By Anna Bahney, CNN Mortgage rates inched down last week, after a slight increase the week before. The 30-year fixed-rate mortgage averaged 6.33% in…

Walmart will eliminate single-use paper and plastic carryout bags from stores in New York

Why Walmart is eliminating single-use bags in some states but not others

January 12, 2023 6:30 am CNN Newsource

By Nathaniel Meyersohn, CNN Walmart will eliminate single-use paper and plastic carryout bags at the register from stores in New York, Connecticut…

Prices fell in December as inflation continues to moderate

January 12, 2023 6:11 am CNN Newsource

By Alicia Wallace, CNN For the first time in nearly three years, inflation fell on a monthly basis. Consumer prices decreased by 0.1% in December,…

Mattel launches new Barbie doll for preschoolers

January 12, 2023 6:02 am CNN Newsource

By Parija Kavilanz, CNN Business Mattel is giving preschoolers a new age-appropriate Barbie doll that it says is better suited for their needs. The…

Former FTX chief executive Sam Bankman-Fried pleaded not guilty to multiple federal criminal charges in Manhattan last week.

Sam Bankman-Fried speaks out for the first time since his arrest

January 12, 2023 5:57 am CNN Newsource

By Allison Morrow, CNN Sam Bankman-Fried, the former crypto star turned alleged white-collar criminal, has spoken out for the first time since his…

Auto sales are falling but profits are surging. Pictured is a Honda dealership on June 09

Auto sales are falling — but profits are surging. Welcome to the new normal

January 12, 2023 4:20 am CNN Newsource

By Nicole Goodkind, CNN The US auto industry just posted its worst sales in more than a decade — but that’s not necessarily a bad sign for…

Wall Street Journal: Subway is exploring a sale

January 12, 2023 3:37 am CNN Newsource

By Jordan Valinsky, CNN Business Subway, one of the world’s most recognizable fast food brands, might be up for a sale, according to the Wall…

A nurses strike at two private New York City hospitals has come to an end. Striking union nurses here walk the picket line outside Montefiore Hospital in the Bronx borough of New York City

New York nurses strike ends after tentative deal reached with hospitals

January 12, 2023 2:28 am CNN Newsource

By Chris Boyette and Artemis Moshtaghian, CNN A nurses strike at two private New York City hospital systems has come to an end after 7,000 nurses…

China's economy in 2022 marks one of the worst performances in nearly half a century. Pictured is a shopping area in Chengdu

China posts one of its worst economic performances in decades because of Covid

January 12, 2023 12:36 am CNN

By Laura He, CNN China’s economy expanded by just 3% in 2022, far below the government’s own target, marking one of the worst…

Hong Kong businesses cheer China reopening, but warn there’s a long way to go

January 12, 2023 12:36 am CNN Newsource

By Michelle Toh, Sandi Sidhu and Marc Stewart, CNN Kiki Yang brought an empty green suitcase from Shenzhen to Hong Kong this week to load up on new…

China's local governments have set their 2023 growth targets. Tourists here visit the Bund in Shanghai

China’s local governments set 2023 growth targets, offering clues on economic recovery

January 12, 2023 12:11 am CNN Newsource

By Laura He, CNN A number of key provinces and cities in China have announced their growth targets for this year, most of them above 5%, offering the…

Dream11 will make employees pay a hefty fine if they bother colleagues on vacation. Pictured is the Dream11 application.

This company will make employees pay a hefty fine if they bother colleagues on vacation

January 11, 2023 9:57 pm CNN Newsource

By Diksha Madhok, CNN Getting urgent work emails from colleagues even during vacation? This is a common occurrence for many white-collar workers,…

Protestors march on the streets around Montefiore Medical Center during a nursing strike on January 11 in the Bronx borough of New York.

Don’t involuntarily reassign our licensed practical nurses to replace striking nurses, union warns NYC hospital

January 11, 2023 3:28 pm CNN Newsource

By Tami Luhby and Celina Tebor, CNN The law firm for a union representing licensed practical nurses (LPNs) in New York City sent a cease-and-desist…

The Walt Disney Company has named Nike executive chairman Mark Parker

Disney names Nike executive Mark Parker as new chairman

January 11, 2023 2:33 pm CNN Newsource

By David Goldman, CNN The Walt Disney Company has named Nike executive chairman Mark Parker as its new board chair, replacing longtime director Susan…

BlackRock is cutting 500 jobs as Wall Street layoffs continue

January 11, 2023 2:31 pm CNN Newsource

By Matt Egan, CNN BlackRock, the world’s largest asset manager, is cutting about 500 jobs following a period of rapid hiring. A spokesperson…

CNN announces revamped daytime lineup with new show format

January 11, 2023 1:49 pm CNN Newsource

By Oliver Darcy, CNN Business CNN on Wednesday announced a revamped dayside programming lineup that the network said will employ a new format for…

The pandemic has transformed work over the past three years in ways few expected. It normalized remote work

What to expect at work this year

January 11, 2023 12:12 pm CNN Newsource

By Jeanne Sahadi, CNN The pandemic has transformed work over the past three years in ways few expected. It normalized remote work, created a shortage…

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