Money Archives

Hong Kong's flagship airline is more than doubling its flights from the city to mainland China after the easing of pandemic restrictions

Cathay Pacific ramps up flights between Hong Kong and China as borders reopen

January 5, 2023 8:35 pm CNN Newsource

By Kathleen Magramo, CNN Hong Kong’s flagship airline is more than doubling its flights from the city to mainland China after the easing of…

Peloton is an exercise equipment company founded in New York in 2012.

Peloton fined $19 million for unsafe treadmills

January 5, 2023 6:26 pm CNN Newsource

By Alexandra Peers, CNN Peloton has agreed to pay a $19 million fine for failing to promptly report treadmill hazards and for distributing recalled…

Ram 1500 Revolution is the company's first look at an all-electric pickup truck.

Ram unveils electric pickup truck concept with three rows of seats

January 5, 2023 2:30 pm CNN Newsource

By Peter Valdes-Dapena, CNN Business Stellantis’s Ram truck brand is behind its competitors on launching an electric pickup, with trucks from…

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 5, 2023 5:39 pm CNN

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…

A Salt Lake police officer and his K-9 partner inspect unclaimed bags at Southwest Airlines baggage claim at Salt Lake City International Airport on December 29

House Dems to Buttigieg: ‘Much more needs to be done’ following Southwest meltdown

January 5, 2023 3:42 pm CNN

By Pete Muntean, CNN House Democrats overseeing airlines are telling Transportation Secretary Pete Buttigieg to come down harder on Southwest…

House Dems to Buttigieg: ‘Much more needs to be done’ following Southwest meltdown

January 5, 2023 3:42 pm CNN Newsource

By Pete Muntean, CNN House Democrats overseeing airlines are telling Transportation Secretary Pete Buttigieg to come down harder on Southwest…

Wall Street Journal: Vince McMahon plots return to WWE

January 5, 2023 1:53 pm CNN Newsource

By David Goldman, CNN Vince McMahon, the former World Wrestling Entertainment chief executive, who retired from the company last year following a…

GM and Andretti are taking a shot at Formula 1

January 5, 2023 1:26 pm CNN Newsource

By Peter Valdes-Dapena, CNN Business General Motors, with its Cadillac luxury brand, has joined racing team managers Andretti Global in a bid to race…

Federal Trade Commission proposes banning noncompetes for workers

January 5, 2023 1:07 pm CNN Newsource

By Jeanne Sahadi, CNN The Federal Trade Commission on Thursday said it is proposing a rule to ban employers from imposing noncompete agreements on…

Drivers wait in traffic during the morning rush hour commute in Los Angeles

What to expect from the jobs report on Friday

January 5, 2023 12:08 pm CNN Newsource

By Alicia Wallace, CNN Friday’s jobs report is expected to show that the US economy added 200,000 jobs in December, with the unemployment rate…

This L’Oreal device aims to help people with limited mobility apply makeup

January 5, 2023 11:17 am CNN Newsource

By Parija Kavilanz, CNN Many of us swipe on our favorite lipstick, mascara or blush in an easy breezy manner, without much physical effort. But there…

Maker of OXO and Osprey is laying off 10% of staff

January 5, 2023 10:56 am CNN Newsource

By Danielle Wiener-Bronner, CNN Helen of Troy, which owns OXO and Osprey among other consumer goods and beauty brands, is laying off 10% of its…

Stitch Fix lays off 20% of its workforce and its CEO

Stitch Fix lays off 20% of workforce and its CEO steps down

January 5, 2023 10:21 am CNN Newsource

By Parija Kavilanz, CNN Stitch Fix, facing economic turbulence, announced a double whammy on Thursday: CEO Elizabeth Spaulding is stepping down and…

The Dow plummeted nearly 400 points on Thursday as strong jobs data spooked investors. Pictured is the New York Stock Exchange on December 06

Dow sinks more than 300 points on strong jobs reports

January 5, 2023 10:03 am CNN Newsource

By Nicole Goodkind, CNN Business The Dow fell more than 300 points on Thursday as strong jobs data spooked investors. A number of reports this week…

New York nurses have reached tentative agreements with Maimonides and Richmond University Medical Center. The Maimonides Medical Center is pictured here in 2020.

More nurses reach tentative contract agreement, but negotiations at five hospitals continue

January 5, 2023 10:00 am CNN Newsource

By Samantha Beech, CNN The New York State Nurses Association (NYSNA) has announced tentative agreements have been reached with two more hospitals…

Mortgage rates start 2023 twice as high as they were a year ago

January 5, 2023 9:30 am CNN Newsource

By Anna Bahney, CNN Mortgage rates inched up again last week, after a slight increase the week before interrupted six straight weeks of falling…

Here are some steps to be a better investor in 2023.

How to be a better investor in 2023

January 5, 2023 8:02 am CNN Newsource

By Jeanne Sahadi, CNN If you’re planning to invest your hard-earned money in stocks, bonds and other assets this year, let humility be your…

The US government moves to seize $450 million Robinhood stake linked to FTX founder

US government moves to seize $460 million Robinhood stake linked to Sam Bankman-Fried

January 5, 2023 7:36 am CNN Newsource

By Allison Morrow and Kara Scannell, CNN The US government is stepping into a contentious, multijurisdictional legal battle over the ownership of…

Bankrupt cryptocurrency lender Celsius Networks allegedly defrauded investors out of billions of dollars

January 5, 2023 7:35 am CNN Newsource

By Kara Scannell, CNN The New York attorney general filed a civil lawsuit Thursday against the co-founder of now-bankrupt cryptocurrency lender…

German power producer RWE and Norway plan to build hydrogen-fueled power plants and a major pipeline between the two countries. Pictured is a RWE building in Essen

Germany and Norway will build a big hydrogen pipeline

January 5, 2023 6:49 am CNN Newsource

By Anna Cooban, CNN Germany just took a step closer to finding a long-term, greener replacement for Russian natural gas and coal. German power…

Bed Bath & Beyond says its days are numbered. The same might be true for its big blue 20% coupons. A Bed Bath & Beyond coupon is seen on January 6.

Bed Bath and Beyond says it may not survive

January 5, 2023 5:59 am CNN Newsource

By Nathaniel Meyersohn and Jordan Valinsky, CNN Bed Bath & Beyond issued a grim message about its future Thursday, warning that a bankruptcy…

Weekly jobless claims fell to the lowest level since September. A 'now hiring' sign is displayed in the window of a store in Manhattan on December 02

Weekly jobless claims fall to lowest level since September

January 5, 2023 5:36 am CNN Newsource

By Alicia Wallace, CNN Around 204,000 people applied for first-time unemployment benefits last week, according to the latest data from the Bureau of…

Cardi B’s NSFW advice on inflation

January 5, 2023 5:26 am CNN Newsource

By Jordan Valinsky, CNN Even millionaires are noticing that grocery shopping has become really expensive. Just listen to Cardi B. The rapper posted…

Americans spent a record $212 billion in online shopping this holiday season amid deep discounts.

Americans spent a record $212 billion online shopping this holiday season amid deep discounts

January 5, 2023 5:13 am CNN Newsource

By Matt Egan, CNN Online shopping increased steadily this holiday season as record-setting discounts helped offset the pain from high inflation,…

Economists are betting that the labor market cooled in December. A pedestrian passes a "Help Wanted" sign in the door of a hardware store in Cambridge

Investors anxiously await jobs report for clues about Fed rate hikes

January 5, 2023 4:56 am CNN Newsource

By Paul R. La Monica, CNN Economists are betting that the labor market cooled in December. That may be music to investors’ ears. Wall Street…

UK car sales have slumped to a 30-year low. In this image

UK car sales slump to 30-year low

January 5, 2023 4:23 am CNN Newsource

By Hanna Ziady, CNN New car registrations in the United Kingdom fell to 1.6 million last year, the lowest level since 1992, as a global chip shortage…

Single family homes are shown in a residential neighborhood on October 27

Here’s what to expect in the housing market this year

January 5, 2023 3:17 am CNN Newsource

By Anna Bahney, CNN Last year was a wild ride in the US housing market. Mortgage rates doubled and sales plummeted, triggering the longest…

Ukraine’s economy shrank by more than 30% in 2022

January 5, 2023 2:24 am CNN Newsource

By Julia Horowitz, CNN Ukraine’s economy shrank by more than 30% in 2022 after Russia’s brutal invasion destroyed infrastructure, hurt…

The BMW i Vision Dee is a concept car that literally changes color

January 4, 2023 9:05 pm CNN Newsource

By Peter Valdes-Dapena, CNN BMW unveiled a pair of concept cars at the Consumer Electronics Show that show off how future cars might respond to the…

An overall view of the Cincinnati Bengals stadium is pictured here prior to the game against the Buffalo Bills on January 2.

‘Monday Night Football’ telecast in which Hamlin collapsed was most watched in ESPN’s history

January 4, 2023 4:41 pm CNN Newsource

By Jennifer Korn and Oliver Darcy, CNN The NFL showdown between the Cincinnati Bengals and Buffalo Bills, which was postponed in the first quarter…

Amazon will lay off more than 18,000 workers

January 4, 2023 4:10 pm CNN Newsource

By Catherine Thorbecke, CNN Amazon says it plans to lay off more than 18,000 employees as the global economic outlook continues to worsen. Several…

Newcastle United chairman and Saudi Public Investment Fund governor Yasir Al-Rumayyan speaks to spectators after the inaugural LIV Golf Invitational in Britain in June of 2022.

Head of Saudi investment fund subpoenaed in case over Musk’s ‘funding secured’ tweet

January 4, 2023 2:52 pm CNN Newsource

By Clare Duffy, CNN Elon Musk’s team has subpoenaed the head of Saudi Arabia’s Public Investment Fund as part of litigation over the…

Alan Greenspan visits "The Daily Briefing" at Fox News Channel Studios on October 17

Alan Greenspan says US recession is likely

January 4, 2023 12:46 pm CNN Newsource

By Nicole Goodkind, CNN Business Former Federal Reserve Chairman Alan Greenspan believes a US recession is the “most likely outcome” of…

The skyline of lower Manhattan and One World Trade Center is reflected in the top of a monument as the sun sets in New York City on June 19

Sales of Manhattan apartments nosedived at the end of 2022

January 4, 2023 12:22 pm CNN Newsource

By Anna Bahney, CNN It is almost as if the wild turns in the Manhattan real estate market during the pandemic didn’t happen. Almost. The frenzy…

Skip Bayless and Shannon Sharpe feud on air over controversial Damar Hamlin tweet

January 4, 2023 12:03 pm CNN

By Nathaniel Meyersohn, CNN Skip Bayless spent a third straight day defending his controversial tweet about Buffalo Bills safety Damar Hamlin, this…

Skip Bayless and Shannon Sharpe feud on air over controversial Damar Hamlin tweet

January 4, 2023 12:03 pm CNN Newsource

By Nathaniel Meyersohn, CNN Skip Bayless spent a third straight day defending his controversial tweet about Buffalo Bills safety Damar Hamlin, this…

The NFL's decision not to resume or replay Monday's Bills-Bengals game

Why the NFL will barely lose any money from canceling the Bills-Bengals game

January 4, 2023 9:09 am CNN

By Chris Isidore, CNN The NFL’s decision not to resume or replay Monday’s Bills-Bengals game, which was halted after Buffalo safety Damar…

Buffalo Bills players kneel to pray as the ambulance carrying teammate Buffalo Bills safety Damar Hamlin (not pictured) leaves the playing field during the first quarter against the Cincinnati Bengals at Paycor Stadium.

ESPN stands by report that NFL planned to restart game after Hamlin collapsed

January 4, 2023 9:09 am CNN Newsource

By Oliver Darcy, CNN ESPN is sticking by its reporting that the NFL had initially planned to resume Monday’s football game after Buffalo Bills…

The number of available jobs in the United States totaled 10.46 million in November.

US job openings totaled 10.5 million in November, more than expected

January 4, 2023 7:07 am CNN Newsource

By Alicia Wallace, CNN The number of available jobs in the United States totaled 10.46 million in November, according to data released Wednesday by…

General Motors was the top car seller in America in 2022. Pictured is a Chevrolet dealership on July 25

GM is the top car seller in America, retaking the title from Toyota

January 4, 2023 8:19 am CNN Newsource

By Chris Isidore, CNN One year after losing the title it held for nearly a century as the top car seller in America, General Motors is back on top.…

Dave & Buster’s co-founder James ‘Buster’ Corley dies in apparent suicide

January 4, 2023 7:58 am CNN Newsource

By Jordan Valinsky, CNN James “Buster” Corley, co-founder of the popular restaurant and entertainment chain Dave & Buster’s,…

Coinbase reaches a $100 million settlement with the New York regulators.

Coinbase reaches $100 million settlement with New York regulator

January 4, 2023 7:34 am CNN Newsource

By Allison Morrow, CNN Coinbase, one of the most popular US crypto-trading platforms, agreed to a $100 million settlement after New York regulators…

Europe’s recession may not be as bad as feared

January 4, 2023 6:13 am CNN Newsource

By Anna Cooban, CNN European stocks are pushing higher for the third straight day as investors cheer signs that inflation, supply chain bottlenecks…

Aldi recorded its highest-ever December sales in the United Kingdom

Aldi sales soar as UK shoppers battle record food inflation

January 4, 2023 5:17 am CNN Newsource

By Hanna Ziady, CNN Aldi recorded its highest-ever December sales in the United Kingdom, as shoppers squeezed by searing food price inflation flocked…

Smoke rises from a Russian tank destroyed by Ukrainian forces

Inflation fears fade as geopolitical risks rise

January 4, 2023 4:45 am CNN

By Paul R. La Monica, CNN Inflation fears roiled the markets in 2022. Now, investors may have scarier things to worry about in 2023, according to a…

Inflation fears fade as geopolitical risks rise

January 4, 2023 4:45 am CNN Newsource

By Paul R. La Monica, CNN Inflation fears roiled the markets in 2022. Now, investors may have scarier things to worry about in 2023, according to a…

Skip Bayless and Shannon Sharpe feud on air over controversial Damar Hamlin tweet

January 4, 2023 4:31 am CNN

By Nathaniel Meyersohn, CNN Skip Bayless spent a third straight day defending his controversial tweet about Buffalo Bills safety Damar Hamlin, this…

Damar Hamlin’s sudden collapse sent ESPN scrambling. How Scott Van Pelt shifted from covering a game to a crisis

January 4, 2023 3:37 am CNN Newsource

By Oliver Darcy, CNN Business “Sports is important. And suddenly it’s not.” Those were the salient words of…

Crowds demand justice for the woman in New Delhi on January 3

Indians demand justice for Delhi woman dragged to her death

January 4, 2023 12:07 am CNN Newsource

By Swati Gupta and Rhea Mogul, CNN Angry crowds gathered in Delhi on Tuesday, demanding justice for a scooter rider who was killed and dragged by a…

Japan is offering to pay families to move out of overcrowded Tokyo. People walk through Shibuya Crossing in Tokyo on July 29

Tokyo is so crowded the government is paying families to leave

January 3, 2023 11:33 pm CNN Newsource

By Emiko Jozuka and Jessie Yeung, CNN Japan is offering to pay families to move out of its overcrowded capital, in an effort to revitalize…

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