Money Archives

Exclusive: Wendy’s is selling its first-ever holiday Frosty

November 10, 2022 8:29 am CNN Newsource

By Jordan Valinsky, CNN Business Wendy’s is adding a holiday-themed Frosty to its menu for the first time ever. Beginning next Tuesday,…

People shop for bread at a supermarket in Monterey Park

Some relief for consumers: Prices on a few grocery items are actually coming down

November 10, 2022 9:56 am CNN Newsource

By Parija Kavilanz, CNN Business Is there anything at your local grocery store (besides avocados) that’s getting less — not more —…

KFC Germany apologized for an "unacceptable" message sent to customers on November 9

KFC Germany apologizes for advertising a Kristallnacht promotion

November 10, 2022 9:52 am CNN Newsource

By Danielle Wiener-Bronner, CNN Business KFC Germany apologized for an “unacceptable” message sent to customers on Wednesday, which…

Even as the housing market was cooling over the summer

Home prices rose almost everywhere in the US this summer

November 10, 2022 9:44 am CNN Newsource

By Anna Bahney, CNN Business In case you needed more evidence of how much home prices have skyrocketed: Even as the housing market was cooling over…

Fred Hickman, who helped launch CNN Sports and YES Network, dead at 66

November 10, 2022 9:35 am CNN Newsource

By Chris Isidore and David Close, CNN Fred Hickman, a pioneering sports broadcaster and anchor who helped to launch two major cable networks and…

Activists from Just Stop Oil are pictured here climbing a gantry on the M25 highway near London Colney in Hertfordshire.

UK police ‘got it wrong’ by arresting journalists covering climate protests

November 10, 2022 9:24 am CNN Newsource

By Anna Cooban, CNN Business UK police arrested and detained three journalists covering a climate protest earlier this week, raising concerns that…

Egg prices have been especially high this year.

Here’s what’s getting more expensive at the grocery store

November 10, 2022 8:14 am CNN Newsource

By Danielle Wiener-Bronner, CNN Business Food is still getting more expensive, but at a slower pace than earlier this year. In the month of October,…

Stocks soared after new economic data showed that price increases eased in October and investors cheered the development because it indicates the Federal Reserve’s interest rate hikes may finally be cooling inflation

This is the moment Wall Street has been waiting for

November 10, 2022 9:00 am CNN Newsource

By Paul R. La Monica and Nicole Goodkind, CNN Stocks soared in their best day since 2020 on Thursday after new economic data showed that price…

New car prices are finally coming down. But not by much

November 10, 2022 8:48 am CNN Newsource

By Peter Valdes-Dapena, CNN Business New car prices are finally coming down. A little, anyway. Cars are still selling, on average, for more than the…

Wealthier shoppers turn to Walmart for groceries

November 10, 2022 8:14 am CNN

By Nathaniel Meyersohn, CNN Business Wealthier customers pinched by inflation are switching to Walmart for groceries, boosting sales at…

Stocks have come roaring back to life in the past few weeks. Traders work on the floor at the New York Stock Exchange on Thursday

Greed is back with a vengeance on Wall Street

November 10, 2022 7:30 am CNN

By Paul R. La Monica, CNN Business Many investors are still nursing losses for the year. But stocks have come roaring back to life in the past few…

Crypto is in chaos as FTX files for bankruptcy

November 10, 2022 7:19 am CNN Newsource

By Allison Morrow, CNN Business In the space of a week, a 30-year-old entrepreneur once hailed as a modern-day J.P. Morgan watched his digital…

Mortgage rates have jumped back above 7%

Mortgage rates rise back above 7%

November 10, 2022 7:00 am CNN Newsource

By Anna Bahney, CNN Business Mortgage rates have jumped back above 7%, after dropping last week. The 30-year fixed-rate mortgage averaged 7.08% in…

The 5 biggest takeaways from earnings season

November 10, 2022 4:58 am CNN Newsource

By Nicole Goodkind, CNN Business The third-quarter corporate earnings season is wrapping up: We now have reports from about 450 of the S&P 500,…

The economy was top of mind for voters in the midterm elections

Inflation cools much more than expected in October

November 10, 2022 2:53 am CNN Newsource

By Alicia Wallace, CNN Business Americans and the Federal Reserve got some welcome news Thursday on inflation. The Consumer Price Index rose 7.7% for…

The economy was a big concern for voters. Thursday’s inflation report likely won’t help

November 10, 2022 2:53 am CNN

By Alicia Wallace, CNN Business The economy was top of mind for voters in the midterm elections, exit polls showed, adding even more weight to a…

Analysis: Why the news media got the midterm ‘red wave’ narrative so wrong

November 9, 2022 7:38 pm CNN Newsource

By Oliver Darcy, CNN Business The White House believes that the press has “egg on their faces, yet again.” That’s according to a…

A Rivian electric pickup truck sits in a parking lot at a Rivian service center on May 9 in South San Francisco

Rivian has both good and bad news at end of tough day for EV stocks

November 9, 2022 2:43 pm CNN Newsource

By Chris Isidore, CNN Business Electric truckmaker Rivian delivered a mixed bag for investors in its third-quarter earnings report, after a brutal…

A customer purchases a ticket for the Powerball jackpot at a newsstand in New York City

So you won the lottery. What now?

November 9, 2022 1:54 pm CNN Newsource

By Allison Morrow, CNN Business So, you won the lottery. Congrats! What do you do now? Once you’re done screaming and dancing in a shower of…

Eggs and dairy products are seen in a Kroger supermarket on October 14 in Atlanta

The economy was a big concern for voters. Thursday’s inflation report likely won’t help

November 9, 2022 1:46 pm CNN Newsource

By Alicia Wallace, CNN Business The economy was top of mind for voters in the midterm elections, exit polls showed, adding even more weight to a…

Crypto’s white knight lost 94% of his wealth in a single day

November 9, 2022 12:42 pm CNN Newsource

By Allison Morrow, CNN Business Sam Bankman-Fried, the crypto entrepreneur known for providing a financial lifeline to struggling firms in the…

Gas flares at the Phillips 66 oil refinery in Lake Charles

This oil refiner is cutting 1,100 jobs — and giving billions of dollars to its shareholders

November 9, 2022 11:35 am CNN Newsource

By Matt Egan, CNN Business Phillips 66 is cutting at least 1,100 jobs by the end of this year as the refining giant seeks to slash costs and steer a…

Adidas ended its sneaker partnership with Ye

Adidas will continue to sell Kanye West’s shoe designs without the Yeezy name

November 9, 2022 10:40 am CNN Newsource

By Nathaniel Meyersohn, CNN Business Adidas ended its sneaker partnership with Ye, formerly known as Kanye West, last month after the…

‘It is not an accident’: Murdoch’s media empire celebrates DeSantis as future of GOP after midterms

November 9, 2022 9:53 am CNN Newsource

By Oliver Darcy, CNN Business Rupert Murdoch, the media mogul who controls some of the most powerful organs in conservative media, appeared to make…

The threat of a freight railroad strike has been pushed back to early December

Railroad unions push back threatened strike date

November 9, 2022 9:52 am CNN Newsource

By Chris Isidore and Vanessa Yurkevich, CNN Business The threat of a freight railroad strike has been pushed back to early December, as four major…

Tens of thousands of British nurses will go on strike for the first time over demands for better pay

British nurses to hold first ever strike over pay

November 9, 2022 9:45 am CNN Newsource

By Reuters Tens of thousands of British nurses will go on strike for the first time over demands for better pay, their trade union said on Wednesday,…

The world may be losing the fight against the climate crisis

Energy security trumps the climate? London’s biggest IPO of the year is an oil company

November 9, 2022 8:52 am CNN Newsource

By Julia Horowitz, CNN Business The world may be losing the fight against the climate crisis, but investors are still willing to throw money at oil…

Redfin is set to shutter its home-flipping business and reduce its workforce by 13%

Redfin shuts home-flipping business and cuts 13% of its workforce

November 9, 2022 8:36 am CNN Newsource

By Anna Bahney, CNN Business Redfin is set to shutter its home-flipping business and reduce its workforce by 13%, laying off 862 employees. About 264…

The Federal Reserve's war on inflation has driven up credit card rates to the highest level on record going back to the mid-1980s.

Credit card rates hit a record high as Fed fights inflation

November 9, 2022 8:35 am CNN Newsource

By Matt Egan It’s never a great time to carry credit card debt. But right now is arguably the worst time. The Federal Reserve’s war on…

The fallout in cryptocurrencies deepened on November 9 as investors were shaken by the failure of one of the sector's most hyped companies.

Crypto giant Binance drops bid to save rival, stoking chaos in digital assets

November 9, 2022 7:35 am CNN Newsource

By Allison Morrow, CNN Business In an abrupt reversal, cryptocurrency exchange Binance pulled out of a deal to acquire its embattled rival FTX,…

Chocolate is having a moment

November 9, 2022 8:00 am CNN Newsource

By Danielle Wiener-Bronner, CNN Business Between warnings of a recession, high inflation and layoff fears, the news is bleak. Why not have some…

So you won the lottery. What now?

November 9, 2022 7:51 am CNN

By Allison Morrow, CNN Business So, you won the lottery. Congrats! What do you do now? Once you’re done screaming and dancing in a shower of…

Business owner Joe Chahayed smiles as he holds a check with his sons

Shop owner who sold winning Powerball ticket is now a millionaire himself

November 9, 2022 7:51 am CNN Newsource

By Stella Chan, CNN The owner of Joe’s Service Center in Altadena, California, who came to the United States from Syria in 1980 with $14,000 in…

Analysis: Why the news media got the midterm ‘red wave’ narrative so wrong

November 9, 2022 6:32 am CNN

By Oliver Darcy, CNN Business The White House believes that the press has “egg on their faces, yet again.” That’s according to a…

Wall Street was betting on a red wave in the midterm elections Tuesday. But so far it appears that didn't happen. And now investors are seeing red on their trading screens Wednesday.

Stocks slip as control of Congress remains unclear

November 9, 2022 6:32 am CNN Newsource

By Paul R. La Monica, CNN Business Wall Street was betting on a red wave in the midterm elections Tuesday. But it appears that didn’t happen.…

The Cygnus cargo spacecraft is seen here shortly before it docked with the International Space Station on November 9.

Cargo spacecraft docks with ISS after solar panel fails to deploy

November 9, 2022 6:18 am CNN Newsource

By Jackie Wattles, CNN Business A cargo spacecraft successfully docked with the International Space Station Wednesday morning, despite making its…

Changes are coming to Wordle

November 9, 2022 5:23 am CNN Newsource

By Frank Pallotta, CNN Business Changes are coming for Wordle … again. For starters the New York Times this week named Tracy Bennett the new…

Markets are in trouble. Election results won’t change that

November 9, 2022 4:32 am CNN

By Nicole Goodkind, CNN Business The results of Tuesday’s midterm elections will set the agenda for the next Congress. That could mean changes…

Markets are in trouble. Election results won’t change that

November 9, 2022 4:32 am CNN Newsource

By Nicole Goodkind, CNN Business The results of Tuesday’s midterm elections will set the agenda for the next Congress. That could mean changes…

Why these five states don’t sell lottery tickets

November 9, 2022 3:11 am CNN Newsource

By Nathaniel Meyersohn, CNN Business If residents of Alabama, Utah, Alaska, Hawaii or Nevada wanted a chance to win this week’s record…

China is ‘committed to net zero,’ head of top Asian development bank says at COP27

November 9, 2022 2:16 am CNN Newsource

By Eoin McSweeney and Ella Nilsen, CNN China and the other 104 members of the Asian Infrastructure Investment Bank are “deeply committed”…

SpaceX owner and Tesla CEO Elon Musk pictured in Los Angeles

Elon Musk sold nearly $4 billion worth of Tesla stock since Twitter deal closed

November 8, 2022 7:10 pm CNN Newsource

By Chris Isidore, CNN Business Elon Musk sold $3.95 billion worth of Tesla stock since completing his purchase of Twitter late last month.…

US stocks were up in after-hours trading as results from Tuesday’s midterm elections started rolling in

Stock futures mostly unchanged as election results roll in

November 8, 2022 6:45 pm CNN

By Paul R. La Monica, CNN Business US stocks were mostly unchanged in premarket trading as results from Tuesday’s midterm elections rolled in.…

Stock futures mostly unchanged as election results roll in

November 8, 2022 6:45 pm CNN Newsource

By Paul R. La Monica, CNN Business US stocks were mostly unchanged in premarket trading as results from Tuesday’s midterm elections rolled in.…

One Indian family lost 12 members in the Morbi bridge collapse

November 8, 2022 5:13 pm CNN Newsource

By Swati Gupta, Rhea Mogul, Sandi Sidhu and Mohit Lathiya, CNN A marigold garland hangs across a photo frame with the faces of 12 members of the…

Disney+ beats subscriber expectations but that growth came at a cost

November 8, 2022 1:25 pm CNN Newsource

By Frank Pallotta, CNN Business Disney’s fourth quarter earnings were a mix of good and bad news for the company. The good: the company added…

Wall Street is waiting for the results of midterm election

Wall Street is bracing for a potential game changer, but it’s not the election

November 8, 2022 11:38 am CNN Newsource

By Matt Egan, CNN Business Wall Street is waiting for the results of Tuesday’s midterm election like the rest of the world, but traders say…

Stocks rise as Americans head to the polls

November 8, 2022 10:33 am CNN

By Paul R. La Monica, CNN Business #RedWave? #VoteBlue? Wall Street saw green on this midterm Election Day. Stocks ended Tuesday with solid gains,…

Stocks rise as Americans head to the polls

November 8, 2022 10:33 am CNN Newsource

By Paul R. La Monica, CNN Business #RedWave? #VoteBlue? Wall Street saw green on this midterm Election Day. Stocks ended Tuesday with solid gains,…

Voters cast their ballots for the 2022 Midterm Elections at the Los Angeles County Registrar in Norwalk

A plan to tax the rich to fund electric defeated by California voters

November 8, 2022 9:42 am CNN Newsource

By Peter Valdes-Dapena, CNN Business California has long been a leader among states, and even countries, in promoting a shift to electric cars,…

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