Money Archives

Fed officials are hoping they’ll be able to ease up on the pace of interest hikes without having to signal any immediate plans to stop.

Will the Fed end the 2023 market rally?

February 1, 2023 5:36 am CNN Newsource

By Nicole Goodkind, CNN Business Investors appear to be preparing for another match-up against their favorite sparring partners at the Federal…

Michigan six-year-old orders $1,000 worth of food on Grubhub

February 1, 2023 5:27 am CNN Newsource

By Jordan Valinsky, CNN It was an all-you-can-eat buffet for a Michigan boy last weekend. Six-year-old Mason Stonehouse was playing on his…

Europe’s stock markets have beaten Wall Street by the biggest margin in more than three decades over recent months as its economy looks set to dodge a recession and pictured

Europe grew faster than the US last year. Its markets are outperforming too

February 1, 2023 5:18 am CNN Newsource

By Anna Cooban, CNN Europe’s stock markets have beaten Wall Street by the biggest margin in more than three decades over recent months as its…

Gautam Adani looks set to cede his position as Asia’s richest man to another Indian billionaire as shares in his business empire continue to plunge following fraud allegations leveled by an American short seller

Asia’s richest no more? Gautam Adani’s wealth crashes as $90 billion wiped off his business

February 1, 2023 4:38 am CNN Newsource

By Diksha Madhok, CNN Gautam Adani looks set to cede his position as Asia’s richest man to another Indian billionaire as shares in his business…

Southwest Airlines has reportedly done a fairly good job reaching out to refund fares on canceled flights

How Southwest can win back its angry, stranded customers

February 1, 2023 4:20 am CNN Newsource

By Chris Isidore, CNN Southwest Airlines’ customers are furious about the company’s Christmas week service meltdown. But fliers may…

Bed Bath and Beyond is closing another 87 stores as the struggling retailer barrels toward bankruptcy

Bed Bath and Beyond is closing 87 more stores. See the list

February 1, 2023 4:03 am CNN Newsource

By Jordan Valinsky, CNN Bed Bath and Beyond is closing another 87 stores as the struggling retailer barrels toward bankruptcy. These closures are in…

The Federal Reserve is expected to raise interest rates for the eighth time in 11 months at the conclusion of its first monetary policy meeting of 2023

Fed approves smallest rate hike since March, in nod to improved inflation outlook

February 1, 2023 3:34 am CNN Newsource

By Nicole Goodkind, CNN The Federal Reserve unanimously approved a quarter-point interest rate hike Wednesday, slowing the pace of its increases in a…

Biden proposes ‘junk fee’ bill to cut hidden fees for credit cards and concert tickets

February 1, 2023 2:00 am CNN Newsource

By Donald Judd President Joe Biden announced new progress Wednesday on his administration’s “competition agenda,” specifically…

Missing radioactive capsule found on remote road in Australia

February 1, 2023 1:24 am CNN Newsource

By Hilary Whiteman, CNN Authorities scanning a remote Australian highway for a tiny missing radioactive capsule have found it by the roadside, after…

An Indian court sentenced self-proclaimed spiritual guru Asaram Bapu

Indian guru Asaram given life sentence in second rape case

February 1, 2023 12:36 am CNN Newsource

By Swati Gupta and Rhea Mogul, CNN An Indian court on Tuesday sentenced self-proclaimed spiritual guru Asaram Bapu to life imprisonment on charges of…

At least half a million workers are striking across Britain

Britain hit by biggest day of strikes in a decade as pay disputes escalate

February 1, 2023 12:29 am CNN Newsource

By Hanna Ziady, CNN As many as half a million workers are striking across Britain on Wednesday, closing schools, canceling university lectures and…

Chinese cities are struggling to pay their bills as ‘hidden debts’ soar

January 31, 2023 8:11 pm CNN Newsource

By Laura He, CNN Three years of strict pandemic controls in China and a real estate crash have drained local government coffers, leaving authorities…

CBD cookies are pictured here at the Found cafe in Hong Kong on August 11

Hong Kong is criminalizing CBD as a ‘dangerous drug’ alongside heroin

January 31, 2023 5:54 pm CNN Newsource

By Jessie Yeung, CNN Two years ago, cannabidiol was booming in Hong Kong. The compound, known as CBD, was popping up in cafes, restaurants and…

PayPal will lay off 2,000 workers, or 7% of staff

January 31, 2023 12:17 pm CNN Newsource

By Catherine Thorbecke, CNN PayPal said Tuesday it plans to lay off about 2,000 employees, or roughly 7% of its staff, making it the latest tech firm…

A pedestrian walks past the downtown Baltimore skyline in Federal Hill Park in November of 2020.

Maryland bill would subsidize employers that try a 4-day workweek

January 31, 2023 11:57 am CNN Newsource

By Jeanne Sahadi, CNN Business In a first-of-its-kind proposal in the United States, some Maryland lawmakers want to subsidize employers that choose…

Stocks are off to a strong start in 2023 as the Dow has gained 2% in January and the S&P 500 is up more than 5% and the tech-heavy Nasdaq Composite has soared nearly 10%.

Stocks sizzled in January as rate hike and inflation fears ebbed

January 31, 2023 10:36 am CNN Newsource

By Paul R. La Monica, CNN New year, new attitude on Wall Street. Stocks are off to a strong start in 2023 following last year’s abysmal…

Hoka sneakers are seen here at London Fashion Week.

Why these chunky, ugly running shoes are selling like crazy

January 31, 2023 10:12 am CNN Newsource

By Nathaniel Meyersohn, CNN Sneakers designed to feel like running barefoot used to be the hottest phenomenon in exercise. Now, the opposite is true.…

A person crosses the street outside the Bank of England in London on January 23.

Central banks have been fighting a war on inflation. They’re not done yet

January 31, 2023 9:59 am CNN Newsource

By Julia Horowitz, CNN One of the main jobs of central banks is to keep prices under control, allowing households and businesses to plan for the…

Tesla confirmed that the US Department of Justice has requested documents concerning the company’s controversial driver-assist software systems which Tesla calls Autopilot and “Full Self-Driving

Tesla confirms DOJ has requested documents on Autopilot, ‘Full Self-Driving’

January 31, 2023 8:38 am CNN Newsource

By Matt McFarland, CNN Business Tesla confirmed in a public filing released today that the US Department of Justice has requested documents…

A health care administer gives the second dose of the Pfizer-BioNTech coronavirus disease vaccine to a person at the L.A.

The Covid sales boom is over for Pfizer

January 31, 2023 7:41 am CNN Newsource

By Paul R. La Monica, CNN Pfizer generated nearly $57 billion in combined sales last year from its Comirnaty Covid-19 vaccine and Paxlovid antiviral…

The Conference Board’s consumer confidence index measured 107.1 in January

US consumers remain wary of the economy, new survey shows

January 31, 2023 7:28 am CNN Newsource

By Alicia Wallace, CNN Consumer confidence in the economy continues to waver, despite easing inflation. The Conference Board’s consumer…

US home prices nudged higher in November

US home prices dropped for the fifth month in a row in November

January 31, 2023 7:16 am CNN Newsource

By Anna Bahney, CNN US home prices dropped for the fifth month in a row in November, as rising mortgage rates pushed prospective buyers out of the…

Employers continued to raise wages during the fourth quarter to attract workers and hold on to existing staff

Wages continue to rise, but they still aren’t keeping pace with inflation

January 31, 2023 5:56 am CNN Newsource

By Tami Luhby, CNN Employers continued to raise wages during the fourth quarter to attract workers and hold on to existing staff, though the pace of…

Bob Born, the ‘Father of Peeps,’ has died

January 31, 2023 5:32 am CNN Newsource

By Jordan Valinsky, CNN Ira “Bob” Born, known as the “Father of Peeps,” died on Sunday. He was 98. Just Born Quality…

Trump sues Bob Woodward for releasing audio of their interviews

January 31, 2023 5:24 am CNN Newsource

By David Goldman, CNN Former President Donald Trump has sued journalist Bob Woodward for copyright violations, claiming Woodward released audio from…

ExxonMobil earnings more than double to annual record

January 31, 2023 5:12 am CNN Newsource

By Chris Isidore, CNN ExxonMobil’s earnings slowed from a peak earlier in the year but the oil giant still reached a full-year record profit…

Stocks sizzled in January as rate hike and inflation fears ebbed

January 31, 2023 4:56 am CNN

By Paul R. La Monica, CNN New year, new attitude on Wall Street. Stocks are off to a strong start in 2023 following last year’s abysmal…

Oil and gas companies have had two years of skyrocketing growth

Is this the beginning of the end for Big Oil’s windfall?

January 31, 2023 4:41 am CNN Newsource

By Nicole Goodkind, CNN Oil and gas companies have had two years of skyrocketing growth, but this earnings season could mark the beginning of their…

General Motors reported a much stronger than expected fourth-quarter profit

GM shares surge after record earnings and new stake in lithium company

January 31, 2023 4:07 am CNN Newsource

By Chris Isidore, CNN General Motors reported a much stronger than expected fourth-quarter profit, lifting full-year results to record levels for the…

UPS reported a record profit for 2022 as its revenue reached $100 billion for the first time

UPS reports record profit but forecasts a slower 2023

January 31, 2023 4:02 am CNN Newsource

By Chris Isidore, CNN UPS reported a record profit for 2022 as its revenue reached $100 billion for the first time since its founding in 1907. The…

French schools and transportation networks were heavily disrupted for the second time this month

French workers bring Paris to a standstill in second mass strike over pension reforms

January 31, 2023 3:23 am CNN Newsource

By Pierre Bairin and Hanna Ziady, CNN French schools and transportation networks were heavily disrupted Tuesday for the second time this month, as…

Adani vs Hindenburg: India’s top businessman faces biggest test

January 31, 2023 2:43 am CNN Newsource

By Diksha Madhok, CNN India’s richest man Gautam Adani ended his trip to Davos earlier this month on an optimistic note. The infrastructure…

Nearly 1,000 flights already canceled Tuesday as winter storm rolls through the US

January 30, 2023 10:40 pm CNN Newsource

By Robert Shackelford, CNN Nearly 1,000 flights were canceled across the United States Tuesday, according to FlightAware, as extreme winter weather…

Nearly 1,000 flights already canceled Tuesday as winter storm rolls through the US

January 30, 2023 10:40 pm CNN

By Robert Shackelford, CNN Nearly 1,000 flights were canceled across the United States Tuesday, according to FlightAware, as extreme winter weather…

Economic activity in China has expanded for the first time in four months as disruptions caused by the abrupt end of its zero-Covid policy appears to be fading and tourists enjoy rime-covered trees along the Songhua River on January 30

China’s economic activity expands for the first time in months as Covid ‘exit wave’ ends

January 30, 2023 10:15 pm CNN

By Laura He, CNN Economic activity in China has expanded for the first time in four months as disruptions caused by the abrupt end of its zero-Covid…

China’s economic activity expands for the first time in months as Covid ‘exit wave’ ends

January 30, 2023 10:15 pm CNN Newsource

By Laura He, CNN Economic activity in China has expanded for the first time in four months as disruptions caused by the abrupt end of its zero-Covid…

State authorities in Western Australia are searching for a tiny radioactive capsule believed to have fallen of a truck.

A radioactive capsule is missing in Australia. It’s tiny and potentially deadly

January 30, 2023 9:11 pm CNN Newsource

By Heather Chen and Hilary Whiteman, CNN It’s like looking for a needle in a haystack — an 8mm by 6mm silver capsule, no bigger than a…

Paramount is integrating Showtime into its streaming service and giving the premium network a new name

January 30, 2023 7:10 pm CNN Newsource

By Oliver Darcy, CNN Goodbye, Showtime. Hello, Paramount+ With Showtime. The premium television network is getting its first name change in the…

An employee works at an automobile manufacturing enterprise on January 29 in Hefei

Global economic outlook slightly ‘less gloomy,’ Europe ekes out growth

January 30, 2023 5:31 pm CNN Newsource

By Julia Horowitz, CNN The global economy will weaken this year as rising interest rates and Russia’s war in Ukraine continue to weigh on…

Former FTX Chief Executive Sam Bankman-Fried (center)

Prosecutors say Sam Bankman-Fried tried to obscure his crimes with Robinhood’s stock

January 30, 2023 3:14 pm CNN Newsource

By Kara Scannell, CNN Federal prosecutors said FTX founder Sam Bankman-Fried’s efforts to control about $500 million worth of Robinhood shares…

Bill Gates says he shouldn’t have had dinners with Jeffrey Epstein

January 30, 2023 1:51 pm CNN Newsource

By Ramishah Maruf, CNN Microsoft founder Bill Gates said he “shouldn’t have had dinners” with Jeffrey Epstein during an interview…

New year, new voters in Fed policymaking

January 30, 2023 12:11 pm CNN Newsource

By Alicia Wallace, CNN Every year the Federal Reserve’s policymaking committee — aka the officials who decide interest rate moves — gets a…

Corey Carlson of Anderson Fuel fills a house with home heating oil which has risen to over $5.00 a gallon on March 8

Winter heating costs likely won’t be as high as feared, but many still need help

January 30, 2023 11:42 am CNN Newsource

By Tami Luhby, CNN Heating your home this winter likely won’t burn quite as big a hole in your wallet as initially forecast. Both the US Energy…

Passengers pass through Dallas-Fort Worth International Airport on January 11.

FAA promises changes to prevent repeat of air travel safety system collapse

January 30, 2023 10:55 am CNN Newsource

By Gregory Wallace and Chris Isidore, CNN The Federal Aviation Administration plans to dramatically accelerate replacing the safety system whose…

Ford drops the price of its Tesla competitor

January 30, 2023 9:32 am CNN Newsource

By Peter Valdes-Dapena, CNN Business Ford is boosting production of its popular Mustang Mach-E electric SUV and dropping its sticker price weeks…

CEO pay cuts could be just the start

January 30, 2023 9:13 am CNN Newsource

By Matt Egan, CNN Business Corporate boards are slashing the pay of some leading CEOs in a new trend that could just be getting started. The pay cuts…

Stocks were slightly lower Monday following a solid rally last week.

From worst to first: 2022’s stock losers are leading the market this year

January 30, 2023 8:36 am CNN Newsource

By Paul R. La Monica, CNN Stocks ended Monday lower following a solid rally last week. Investors may have jitters ahead of this week’s big…

Ryanair on Monday told customers to book far in advance in order to secure cheaper tickets

This budget airline is making record profits

January 30, 2023 5:12 am CNN Newsource

By Hanna Ziady, CNN Ryanair expects it will be able to charge higher prices for flights over Easter and the summer, thanks to strong demand from…

Chicken wings and guacamole will cost less this year.

Your Super Bowl party won’t break the budget this year, but watch out for beer

January 30, 2023 5:05 am CNN Newsource

By Parija Kavilanz, CNN With just days to go to Super Bowl LVII, it’s crunch time if you’re hosting a party this year. That means…

Here’s why you should always wait for the earnings call

January 30, 2023 4:44 am CNN Newsource

By Nicole Goodkind, CNN Business Investors are pretty bad at living in the moment. We’re currently in the thick of fourth quarter earnings…

Email:
Select all that apply: Morning News Headlines Daily Weather Forecast Breaking News Alert Afternoon Headlines Contests and Promotions