Money Archives

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 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…

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…

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