Money Archives

The federal government isn't going to take away your gas stove

We’re not taking away your gas stove, regulator tells CNN

January 11, 2023 12:11 pm CNN

By Matt Egan The federal government isn’t going to take away your gas stove, a top consumer regulator told CNN on Wednesday. Richard Trumka Jr,…

We’re not taking away your gas stove, regulator tells CNN

January 11, 2023 12:08 pm CNN Newsource

By Matt Egan The federal government isn’t going to take away your gas stove, a top consumer regulator told CNN on Wednesday. Richard Trumka Jr,…

NBC News president Noah Oppenheim will exit the network as part of a restructuring announced on January 11.

NBC News president Noah Oppenheim exits, replaced by new head of editorial and two others in network shakeup

January 11, 2023 12:08 pm CNN Newsource

By Oliver Darcy, CNN Business NBC News president Noah Oppenheim will exit the network as part of a restructuring announced Wednesday that will…

Netflix stock soars on the dollar’s slide

January 11, 2023 10:40 am CNN Newsource

By Paul R. La Monica, CNN Netflix had the kind of year in 2022 that only the ghoulishly morbid Wednesday Addams would love. But, now, in part due to…

FTX lawyers say they have recovered $5 billion in assets

January 11, 2023 8:53 am CNN Newsource

By Allison Morrow, CNN FTX officials overseeing its bankruptcy have recovered more than $5 billion in cash and other liquid assets that may be used…

A San Diego firefighter wades through floodwaters in Merced

Global experts worry simultaneous crises could become the new norm

January 11, 2023 7:56 am CNN Newsource

By Julia Horowitz, CNN Business executives, politicians and academics are bracing for a gloomy world battered by intersecting crises, as rising…

Netflix will stream a live awards show for the first time

January 11, 2023 7:38 am CNN Newsource

By Jordan Valinsky, CNN Business Netflix will air a live awards show for the first time, marking the streamer’s latest expansion into live…

Gold is surging as investors bet on slower Fed rate hikes

January 11, 2023 6:37 am CNN Newsource

By Anna Cooban, CNN Gold is shining once again, as investors bet that cooling inflation in the United States will slow the pace of Fed rate hikes and…

Union nurses chant slogans on the picket line outside Montefiore Hospital in the Bronx borough of New York City

Health care is in crisis. New York’s nurses strike is just the latest sign

January 11, 2023 6:22 am CNN Newsource

By Chris Isidore, CNN Naniaka Camara grew up near Montefiore Hospital in the Bronx in New York and remembers going there for her own medical care. A…

Exclusive: Pepsi is ditching Sierra Mist for a new Sprite rival

January 11, 2023 4:54 am CNN Newsource

By Jordan Valinsky, CNN Business Pepsi is reaching for the stars in its latest effort to take on Sprite. Starry, a new lemon-lime soda, is rolling…

People shop for bread at a supermarket in Monterey Park

Investors are underestimating inflation again

January 11, 2023 4:16 am CNN Newsource

By Nicole Goodkind, CNN Investors are holding their breath in anticipation of Thursday morning’s Consumer Price Index inflation report —…

Prices of eggs are soaring at a supermarket in Osaka on December 2

Egg prices ‘expected to soar’ in Japan after record cull of 10 million birds

January 11, 2023 12:44 am CNN Newsource

By Junko Ogura and Michelle Toh, CNN Japan has culled just under 10 million birds as it confronts a massive outbreak of avian flu, which is…

WWE Co-CEO and chairwoman Stephanie McMahon

Stephanie McMahon resigns as WWE’s chairwoman and co-CEO

January 10, 2023 8:30 pm CNN Newsource

By Rob McLean, CNN Four days after her disgraced father returned to WWE’s board, the wrestling company’s co-CEO and chairwoman Stephanie…

The trademark of UNIQLO is seen at Ginza district in Chuo Ward

The owner of Uniqlo is boosting pay for Japan employees by up to 40% as inflation bites

January 10, 2023 7:33 pm CNN Newsource

By Michelle Toh, CNN Fast Retailing, the Japanese giant that owns popular clothing brands Uniqlo and Theory, will start paying its employees much…

A reporter checks her phone as C-SPAN plays on a television as the search for speaker continued for a fourth day during a meeting of the 118th Congress on January 6 at the U.S. Capitol.

C-SPAN is calling on McCarthy to allow its cameras in the House after its unprecedented coverage of the leadership fight

January 10, 2023 7:32 pm CNN Newsource

By Oliver Darcy, CNN C-SPAN isn’t packing up its cameras quietly. The public affairs network on Tuesday sent a letter to new House Speaker…

C-SPAN is calling on McCarthy to allow its cameras in the House after its unprecedented coverage of the leadership fight

January 10, 2023 7:32 pm CNN

By Oliver Darcy, CNN C-SPAN isn’t packing up its cameras quietly. The public affairs network on Tuesday sent a letter to new House Speaker…

Rocket start-up fails attempt to launch satellites off Alaska’s coast

January 10, 2023 7:31 pm CNN Newsource

By Jackie Wattles, CNN A rocket operated by a California-based start-up failed near the coast of Alaska Tuesday, marking yet another mishap for…

People walk past a Wells Fargo Bank in June of 2022 in New York City.

Wells Fargo is retreating from the mortgage market it once led

January 10, 2023 3:09 pm CNN Newsource

By Matt Egan, CNN Wells Fargo, long one of the biggest players in the mortgage business, is taking a big step back. The scandal-ridden bank announced…

Nurses and healthcare workers hold signs during a strike at Mount Sinai Hospital in New York on January 9.

NICU mom stays by her son’s side after his nurses leave to strike

January 10, 2023 12:24 pm CNN Newsource

By Celina Tebor, CNN Lora Ribas hasn’t left her son’s bedside in four days. Her one-year-old baby, Logan, has been in the neonatal…

Tom Brady and Gisele Bundchen’s FTX stake will probably get wiped out

January 10, 2023 10:32 am CNN Newsource

By Allison Morrow, CNN Less than a year after Tom Brady and Gisele Bundchen appeared in a series of Super Bowl ads for FTX, the former couple have…

Federal Reserve Chairman Jerome Powell attends a Central Bank Symposium in Stockholm

Fed Chair Powell: Bringing down inflation requires ‘measures that are not popular’

January 10, 2023 9:01 am CNN

By Nicole Goodkind, CNN Federal Reserve Chairman Jerome Powell made his first public appearance of the year on Tuesday, stressing the importance of…

Rolls-Royce, Bentley and Lamborghini had record sales last year, again

January 10, 2023 8:12 am CNN Newsource

By Peter Valdes-Dapena, CNN Business Despite broad concerns about the economy and fears of an impending recession, the ultra-wealthy seem to be doing…

French President Emmanuel Macron is proposing a draft law that will require French citizens to work until 64 or 65

French workers can retire much younger than most. That’s about to change

January 10, 2023 7:55 am CNN Newsource

By Hanna Ziady and Joseph Ataman, CNN The French government is planning to raise the official retirement age by two years as part of a long-delayed…

Disney CEO Bob Iger orders workers to return to the office 4 days a week

January 10, 2023 7:24 am CNN Newsource

By Jordan Valinsky, CNN Business Disney CEO Bob Iger is clamping down on remote workers. Iger, who recently returned to Disney’s helm after a…

Coinbase announced Tuesday that it was laying off 20% of its staff.

Coinbase to lay off 20% of staff as crypto winter continues

January 10, 2023 7:05 am CNN Newsource

By Paul R. La Monica, CNN Business The crypto winter is apparently not over yet. Coinbase announced Tuesday that it was laying off 950 people, about…

The global economy is just one more knock away from a second recession in the same decade.

Two global recessions in one decade? That hasn’t happened in over 80 years

January 10, 2023 6:32 am CNN Newsource

By Julia Horowitz, CNN The global economy is just one more knock away from a second recession in the same decade, something that hasn’t…

Exclusive: Molson Coors is launching its first-ever zero-proof cocktail

January 10, 2023 6:11 am CNN Newsource

By Jordan Valinsky, CNN Business Molson Coors is typically known for its lineup of beers and booze, but its newest drink isn’t either. Enter…

Bed Bath & Beyond's sales plunge. Pictured is a Bed Bath & Beyond store on January 05

Bed Bath & Beyond is running out of time

January 10, 2023 5:29 am CNN Newsource

By Nathaniel Meyersohn, CNN Business Bed Bath & Beyond lost a third of its sales during the holiday run-up and is running out of options to…

The tech sector has been beaten down and interest rates are higher. Traders work on the floor of the New York Stock Exchange on January 09

Bruised tech investors are hedging their bets

January 10, 2023 5:18 am CNN Newsource

By Nicole Goodkind, CNN There are two certainties in today’s market: The tech sector has been beaten down and interest rates are higher. And…

Online prices dropped in December. A United States Postal Service employee processes packages as they prepare for the busy holiday season on December 12

Encouraging inflation news: Online prices keep dropping

January 10, 2023 5:01 am CNN Newsource

By Matt Egan In a positive sign for inflation-weary consumers, online prices dropped in December as retailers resorted to deep discounts to lure…

M&M’s new packaging is causing a stir

January 10, 2023 4:39 am CNN Newsource

By Jordan Valinsky, CNN M&M’S is making a statement with its latest candy pack, which features an all-female set of characters —…

People walk past an Abercrombie & Fitch store on Fifth Avenue on August 25

Abercrombie & Fitch is cool again

January 10, 2023 4:17 am CNN Newsource

By Nathaniel Meyersohn, CNN Business Abercrombie & Fitch has shed its perfume-filled mall stores, shirtless models and logo sweatshirts to win…

Stocks in Asia are starting 2023 in a bull market. Pedestrians here walk by an electronic screen displaying the numbers for the Hang Seng Index on January 3

Asian stocks enter bull market as investors bet on China

January 10, 2023 3:57 am CNN Newsource

By Anna Cooban, CNN Stocks in Asia are starting 2023 in a bull market. Investors have been cheered by China’s pivot away from its zero-Covid…

Pizza Hut is bringing back a fan favorite from the ’90s

January 10, 2023 3:32 am CNN Newsource

By Jordan Valinsky, CNN Pizza Hut is bringing back a fan favorite after a nearly 25-year hiatus. Beginning February 1, the “Big New…

Fed Chair Powell: Bringing down inflation requires ‘measures that are not popular’

January 10, 2023 3:12 am CNN Newsource

By Nicole Goodkind, CNN Federal Reserve Chairman Jerome Powell made his first public appearance of the year on Tuesday, stressing the importance of…

Onions are so expensive in the Philippines they’re being smuggled into the country

January 10, 2023 12:13 am CNN Newsource

By Kathleen Magramo, CNN From salads to stews, the humble onion is a key ingredient in nearly every Filipino dish. But now, the vegetable costs…

Fisher-Price recalls Rock ‘n Play Sleepers again after 8 more deaths

January 9, 2023 7:19 pm CNN Newsource

By Rob McLean, CNN Fisher-Price for a second time recalled its Rock ‘n Play Sleepers on Monday after at least eight infant deaths occurred…

A federal agency is considering a ban on gas stoves as concerns about indoor pollution linked to childhood asthma rise

A US federal agency is considering a ban on gas stoves

January 9, 2023 2:35 pm CNN Newsource

By Ramishah Maruf, CNN A federal agency is considering a ban on gas stoves, a source of indoor pollution linked to childhood asthma. Richard Trumka…

US consumer borrowing continued its strong upward climb in November

US consumers increased their borrowing by $28 billion in November

January 9, 2023 12:25 pm CNN Newsource

By Alicia Wallace, CNN US consumers’ credit-hungry approach to spending continued in November, with borrowing rising by nearly $28 billion,…

Key takeaways from the New York nurses strike

January 9, 2023 11:43 am CNN Newsource

By Chris Isidore, CNN The 7,000 nurses who went on strike in New York Monday say the 19% pay hike that hospital management offered them was never the…

Traders work on the floor of the New York Stock Exchange during morning trading on January 04

Why is Wall Street cheery all of a sudden?

January 9, 2023 9:52 am CNN Newsource

By Paul R. La Monica, CNN It’s only early January, but so far in 2023 the pendulum on Wall Street has swung (to paraphrase Billy Joel) from…

Federal regulators are investigating Elon Musk's tweet about disabling driver alerts on Tesla's "Full Self Driving" driver assist system. Pictured is a Tesla Model S in Palo Alto

Federal regulators investigating Musk Tesla ‘Full Self Driving’ tweet

January 9, 2023 9:47 am CNN Newsource

By Pete Muntean Federal regulators want to know what Elon Musk meant in a Tweet about disabling driver alerts on Tesla’s “Full Self…

Technicians work on Virgin Orbit's LauncherOne rocket

Virgin Orbit’s LauncherOne rocket suffers failure on first launch attempt from the UK

January 9, 2023 9:38 am CNN Newsource

By Anna Cooban, Jackie Wattles, Tom Foreman, and Ross Levitt CNN Virgin Orbit’s modified Boeing 747 jet — dubbed “Cosmic Girl”…

Disgraced former McDonald's CEO Steve Easterbrook will pay $400

McDonald’s ex-CEO will pay $400,000 for allegedly misleading investors about his firing

January 9, 2023 8:50 am CNN Newsource

By Parija Kavilanz, CNN Disgraced former McDonald’s CEO Steve Easterbrook will pay $400,000 to settle charges that he allegedly misled…

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 9, 2023 8:06 am CNN

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…

Workers in China clash with police after reported layoffs at Covid test maker

January 9, 2023 5:22 am CNN Newsource

By Wayne Chang and Michelle Toh, CNN Workers at a Chinese factory making Covid-19 test kits clashed with police over the weekend after their managers…

Former World Wrestling Entertainment chief executive Vince McMahon

Vince McMahon returns to WWE as a board member

January 9, 2023 5:11 am CNN Newsource

By Jordan Valinsky, CNN Former World Wrestling Entertainment chief executive Vince McMahon is returning to the company as a board member, after a…

Bonds are back. Pictured is the New York Stock Exchange on October 07

Bonds are back, but for how long?

January 9, 2023 5:09 am CNN Newsource

By Nicole Goodkind, CNN Business Stocks soared on Friday to their best day in more than a month. The Dow gained 700 points and the S&P 500 and…

Goldman Sachs will lay off up to 3,200 workers this week

January 9, 2023 4:01 am CNN Newsource

By Julia Horowitz, CNN Goldman Sachs will lay off as many as 3,200 employees this week as an uncertain economic and market climate pushes the bank to…

UK nurses say strikes still on after ‘disappointing’ talks with government

January 9, 2023 3:56 am CNN Newsource

By Hanna Ziady, CNN British nurses and ambulance drivers will press on with more strikes in a dispute over pay after talks with the government failed…

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