Money Archives

Ticketmaster apologized to Taylor Swift and her fans late Friday night after a ticketing debacle this week that made it difficult for consumers to buy tickets to the pop star’s new tour.

Ticketmaster apologizes to Taylor Swift and her fans for ticketing debacle

November 19, 2022 7:15 am CNN Newsource

By Frank Pallotta, CNN Business Ticketmaster apologized to Taylor Swift and her fans late Friday night after a ticketing debacle this week that made…

How Jell-O lost its spot as America’s favorite dessert

November 19, 2022 4:59 am CNN

Story by Nathaniel Meyersohn, Video by John General, CNN Business Way in the back of the grocery store, at the end of the sleepy baking aisle, sits a…

How Jell-O lost its spot as America’s favorite dessert

November 19, 2022 4:59 am CNN Newsource

Story by Nathaniel Meyersohn, Video by John General, CNN Business Way in the back of the grocery store, at the end of the sleepy baking aisle, sits a…

Denny's Black Friday T-shirt acts as a "wearable coupon" customers can use to redeem a free breakfast meal every day for a year.

This $5.99 T-shirt will get you free Denny’s breakfast for a year

November 19, 2022 2:02 am CNN Newsource

By Zoe Sottile, CNN This might just be the best Black Friday deal we’ve heard yet. Denny’s is selling a $5.99 T-shirt which will grant…

‘It’s like living in an igloo.’ People are turning off their heat as prices surge

November 18, 2022 2:50 pm CNN

By Gabe Cohen, CNN As the first frigid weather of autumn chills the Northeast, many people are faced with a tough decision: deal with the surging…

‘It’s like living in an igloo.’ People are turning off their heat as prices surge

November 18, 2022 2:50 pm CNN Newsource

By Gabe Cohen, CNN As the first frigid weather of autumn chills the Northeast, many people are faced with a tough decision: deal with the surging…

Former SpaceX employees file labor-law complaint

November 18, 2022 2:24 pm CNN Newsource

By Jackie Wattles, CNN Eight former SpaceX employees filed labor-law complaints, alleging that Elon Musk’s space company unlawfully fired…

Shipping giant Maersk settles lawsuit filed by student allegedly raped at sea

November 18, 2022 1:22 pm CNN Newsource

By Blake Ellis and Melanie Hicken, CNN Shipping giant Maersk has settled a lawsuit filed by a former US Merchant Marine Academy student who says she…

Signage outside a Carvana Vending Machine location in Novi

Carvana cuts 1,500 jobs on slowing used-car demand

November 18, 2022 1:13 pm CNN Newsource

by Reuters Used-car retailer Carvana Co. is cutting 1,500 jobs, or 8% of its workforce, the company said on Friday, amid waning demand for used cars…

Employers are planning to increase their salary budgets by 4.6% next year

Get ready for bigger paychecks: Record high increases expected in 2023

November 18, 2022 12:06 pm CNN Newsource

By Jeanne Sahadi, CNN Business Employers are planning to increase their salary budgets by 4.6% next year, the highest expected annual jump in 15…

The crypto meltdown, explained

November 18, 2022 11:31 am CNN

By Allison Morrow, CNN Business November 2022 is a month that investors, particularly in cryptocurrencies, will never forget. And the worst may be…

The crypto meltdown, explained

November 18, 2022 11:31 am CNN Newsource

By Allison Morrow, CNN Business November 2022 is a month that investors, particularly in cryptocurrencies, will never forget. And the worst may be…

Taylor Swift: Ticketmaster fiasco ‘excruciating for me’

November 18, 2022 10:16 am CNN Newsource

By Frank Pallotta, CNN Business Taylor Swift spoke out Friday about the ticketing debacle that took place this week, as many fans were unable to…

You know the economy is hurting families when they stop buying baby clothes. A customer here shops for children's clothes at a Gap store in San Francisco

Parents are buying fewer baby clothes, a sign of deep financial distress

November 18, 2022 11:24 am CNN Newsource

By Parija Kavilanz, CNN Business Customers are pulling back on spending at Gap and Old Navy — particularly in one specific category that shows just…

IKEA furniture was allegedly produced by prisoners in Belarus penal colonies under forced labor conditions

IKEA suppliers allegedly used Belarus prisoners under forced labor conditions, report says

November 18, 2022 9:50 am CNN Newsource

By Mia Alberti IKEA furniture was allegedly produced by prisoners in Belarus penal colonies under forced labor conditions, according to a new report…

Elon Musk’s $50 billion trial comes to an end

November 18, 2022 8:26 am CNN Newsource

By Matt McFarland, CNN Business The trial for the Tesla shareholder lawsuit examining CEO Elon Musk’s unprecedented compensation package…

A House panel wants internal documents from the bankrupt crypto exchange FTX.

House panel wants internal documents from bankrupt crypto exchange FTX

November 18, 2022 8:00 am CNN Newsource

By Matt Egan A powerful subcommittee in the House of Representatives is seeking internal documents and communications from Sam Bankman-Fried and FTX…

US home sales fall for 9th month in a row in October

November 18, 2022 7:00 am CNN Newsource

By Anna Bahney, CNN Business Home sales in the United States declined for the ninth month in a row in October as surging mortgage rates and high…

Twitter headquarters is seen in San Francisco in October 2021. The future of Twitter remains uncertain following a "mass exodus."

Inside Twitter as ‘mass exodus’ of staffers throws platform’s future into uncertainty

November 18, 2022 6:37 am CNN

By Oliver Darcy, CNN Business Death is in the air on Twitter. On the platform Thursday evening, where #RIPTwitter was the top trend worldwide, users…

What is Bud Zero, the only beer Budweiser can sell at the World Cup?

November 18, 2022 5:36 am CNN

By Jordan Valinsky, CNN Business In a surprise reversal, Qatar announced a ban of alcoholic beer at the eight stadiums hosting the World Cup. That…

What is Bud Zero, the only beer Budweiser can sell at the World Cup?

November 18, 2022 5:36 am CNN Newsource

By Jordan Valinsky, CNN Business In a surprise reversal, Qatar announced a ban of alcoholic beer at the eight stadiums hosting the World Cup. That…

Authorities in the Bahamas have taken control of cryptocurrency assets held by a unit of bankrupt exchange FTX.

The Bahamas seizes digital assets from bankrupt FTX unit for ‘safekeeping’

November 18, 2022 4:40 am CNN Newsource

By Matt Egan, CNN Business Authorities in the Bahamas have taken control of cryptocurrency assets held by a unit of bankrupt exchange FTX. The…

Biden meets with business, labor leaders to highlight inflation progress

November 18, 2022 2:40 am CNN Newsource

By Jeremy Diamond and Arlette Saenz, CNN President Joe Biden is meeting with business executives and labor leaders to highlight recent progress in…

FTX's financial mismanagement is under the microscope. FTX founder Sam Bankman-Fried is pictured here in Hong Kong

FTX lawyer says ‘substantial amount’ of assets are either stolen or missing

November 18, 2022 4:05 am CNN

By Allison Morrow, CNN Business The full extent of FTX’s financial disarray is becoming clearer as the failed crypto exchange’s new…

Traders work on the floor of the New York Stock Exchange during morning trading on November 17

Fed officials crushed investors’ hopes this week

November 18, 2022 4:02 am CNN Newsource

By Nicole Goodkind, CNN Business Investors sleuthing for clues about what the Federal Reserve will decide during its December policy meeting got…

Explosive traces found at the Nord Stream pipeline indicate 'gross sabotage

Explosive traces found at Nord Stream pipeline indicate ‘gross sabotage,’ Sweden says

November 18, 2022 3:54 am CNN Newsource

By Lindsay Isaac and Sophie Tanno, CNN The blasts at the Nord Stream pipeline in September were caused by an act of sabotage, Swedish prosecutors…

India’s first private rocket Vikram-S is launched into space

November 18, 2022 12:36 am CNN Newsource

By Swati Gupta and Diksha Madhok, CNN Business Indian startup Skyroot Aerospace launched the country’s first privately developed rocket,…

Apple's supplier Foxconn has recruited 100

Foxconn has recruited 100,000 new workers for largest iPhone factory, state media reports

November 17, 2022 11:34 pm CNN Newsource

By Michelle Toh and CNN’s Beijing bureau, CNN Business More than 100,000 people have signed up for a massive recruitment drive by Apple’s…

Inside Twitter as ‘mass exodus’ of staffers throws platform’s future into uncertainty

November 17, 2022 7:58 pm CNN

By Oliver Darcy, CNN Business Death is in the air on Twitter. On the platform Thursday evening, where #RIPTwitter was the top trend worldwide, users…

Inside Twitter as ‘mass exodus’ of staffers throws platform’s future into uncertainty

November 17, 2022 7:58 pm CNN Newsource

By Oliver Darcy, CNN Business Death is in the air on Twitter. On the platform Thursday evening, where #RIPTwitter was the top trend worldwide, users…

A prolonged rail strike could create all types of shortages

A rail strike won’t screw up your holidays. Here’s how it’ll affect you in other ways

November 17, 2022 6:46 pm CNN

By Chris Isidore, Vanessa Yurkevich and Matt Egan, CNN Business So once again the nation and its economy is facing the risk of a massive freight…

Vehicles are seen at a Tesla charging station in Bratislava.

Tesla’s close-knit leadership team goes under the spotlight in court

November 17, 2022 12:49 pm CNN

By Matt McFarland, CNN Business The Tesla board of directors that created the largest compensation package in history for CEO Elon Musk was stocked…

Tesla’s close-knit leadership team goes under the spotlight in court

November 17, 2022 12:49 pm CNN Newsource

By Matt McFarland, CNN Business The Tesla board of directors that created the largest compensation package in history for CEO Elon Musk was stocked…

A Norfolk and Southern freight train makes it way through the Northside of Pittsburgh on November 14. The trade group representing the nation's freight railroads is confident that a strike by more than 100

Freight railroads say strike can still be avoided

November 17, 2022 12:27 pm CNN Newsource

By Chris Isidore and Vanessa Yurkevich, CNN Business The trade group representing the nation’s freight railroads is confident that a strike by…

The ’12 Days of Christmas’ gifts will set you back a lot more this year

November 17, 2022 10:39 am CNN Newsource

By Alicia Wallace, CNN Business Thanks to inflation, your “True Love” will have to spend a pretty (expensive) penny when showering you…

Ticketmaster said that more than 2 million tickets were sold Tuesday for Taylor Swift's upcoming tour — the most ever sold for an artist in a single day. Swift is here in Dusseldorf

Ticketmaster cancels public sale for Taylor Swift’s Eras Tour due to overwhelming demand

November 17, 2022 10:24 am CNN Newsource

By Jordan Valinsky and Frank Pallotta, CNN Anyone looking to buy a ticket to Taylor Swift’s new tour may be out of luck. Ticketmaster said on…

Stocks fall as fears of more big Fed rate hikes resurface

November 17, 2022 9:04 am CNN Newsource

By Paul R. La Monica, CNN Business Wall Street cares only about one thing right now…and it’s not earnings, the state of the job market,…

Mortgage rates dropped sharply last week. A home is listed for sale in Atlanta

Mortgage rates plunge, largest weekly drop since 1981

November 17, 2022 9:00 am CNN Newsource

By Anna Bahney, CNN Business Mortgage rates dropped sharply last week following a series of economic reports that indicated inflation may finally be…

Chancellor of the Exchequer Jeremy Hunt is delivering his autumn statement to MPs in the House of Commons

‘Difficult decisions’: Britain announces higher taxes and spending cuts in warning sign for other governments

November 17, 2022 8:36 am CNN Newsource

By Julia Horowitz, CNN Business The United Kingdom has already entered a recession and is battling decades-high inflation, eroding standards of…

The ’12 Days of Christmas’ gifts will set you back a lot more this year

November 17, 2022 8:01 am CNN

By Alicia Wallace, CNN Business Thanks to inflation, your “True Love” will have to spend a pretty (expensive) penny when showering you…

Shoppers are pulling back at Macy’s and Kohl’s

November 17, 2022 8:01 am CNN Newsource

By Nathaniel Meyersohn, CNN Business Middle-income shoppers have tightened their spending on clothing and home furnishings. That’s squeezing…

The UK government is hiking a windfall tax on oil and gas companies and also investing in nuclear power for the first time in decades. Pictured is the UK's Sizewell B nuclear power station.

UK to raise $65 billion from windfall tax on energy companies

November 17, 2022 7:44 am CNN Newsource

By Hanna Ziady, CNN Business The UK government is hiking a windfall tax on oil and gas companies and extending the levy to electricity generators, as…

Alibaba's third quarter sales miss forecasts. Pictured is an Alibaba warehouse on November 2

Chinese consumers are wary. Alibaba’s sales miss forecasts

November 17, 2022 7:23 am CNN Newsource

By Paul R. La Monica, CNN Business The Chinese consumer is still under a lot of pressure. E-commerce giant Alibaba reported third quarter sales…

First on CNN: ‘Greed and deception.’ Elizabeth Warren demands Sam Bankman-Fried and FTX turn over trove of records

November 17, 2022 7:01 am CNN Newsource

By Matt Egan, CNN Business Democratic Sens. Elizabeth Warren and Dick Durbin are demanding FTX founder Sam Bankman-Fried hand over a trove of…

The Lawyer charged with overseeing FTX's bankruptcy proceedings says he's never seen such a 'complete failure.' Sam Bankman-Fried

‘Complete failure:’ Filing reveals staggering mismanagement inside FTX

November 17, 2022 6:57 am CNN Newsource

By Allison Morrow, CNN Business A new court filing about Sam Bankman-Fried’s bankrupt companies reveals a crypto empire that was colossally…

Chairperson of Indian conglomerate Adani Group

Indian billionaire Gautam Adani’s flagship company is raising $2.5 billion

November 17, 2022 5:02 am CNN

By Anna Cooban and Diksha Madhok, CNN Business Indian billionaire Gautam Adani’s business empire is planning to raise nearly $2.5 billion in a…

Stocks have been clobbered this year, but people are still contributing to their retirement accounts

November 17, 2022 5:02 am CNN Newsource

By Jeanne Sahadi, CNN Business Stocks and bonds have been turning in volatile, bearish performances this year in an economy marked by high inflation…

Taylor Swift ticket snafu caused by Ticketmaster abusing its market power, Senate antitrust chair says

November 17, 2022 4:40 am CNN Newsource

By Jordan Valinsky, CNN Business Senator Amy Klobuchar criticized Ticketmaster in an open letter to its CEO, saying she has “serious…

Consumers may spend less his holiday season.

Get ready for a spending slowdown this holiday season

November 17, 2022 4:08 am CNN Newsource

By Nicole Goodkind, CNN Business American shoppers continue to defy gravity against the backdrop of persistently elevated inflation. Retail sales…

About 2,000 Starbucks workers stage one-day strike at more than 100 stores

November 17, 2022 2:00 am CNN Newsource

By Chris Isidore, CNN Business More than 2,000 employees at 112 Starbucks locations are set to go on a one-day strike Thursday, according to the…

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