Money Archives

MoviePass is coming back. Its timing couldn’t be worse

August 24, 2022 5:12 am CNN Newsource

By Frank Pallotta, CNN Business Hollywood loves a comeback story, and MoviePass, one of the industry’s most notorious flops, is trying to write…

The only thing that climbed as high as gas prices earlier this year was the disapproval of US President Joe Biden

Biden was wrongly blamed for rising gas prices. But he doesn’t deserve much credit for the drop

August 24, 2022 4:01 am CNN Newsource

By Chris Isidore, CNN Business The only thing that climbed as high as gas prices earlier this year was the disapproval of President Joe Biden, as…

Solar power is booming in Germany as Russia turns down the gas

August 24, 2022 3:23 am CNN Newsource

By Michelle Toh, CNN Business People on the frontlines of Europe’s gas crisis are scrambling to get solar panels for their homes and businesses…

Japan turns back to nuclear power in significant policy shift as fuel prices soar

August 24, 2022 1:26 am CNN Newsource

By Rhea Mogul, Junko Ogura and Tetsu Sukegawa, CNN Prime Minister Fumio Kishida said Wednesday Japan will restart idled nuclear plants and consider…

Indian billionaire Gautam Adani has launched a hostile bid to take over an influential broadcaster in India and gain a firmer footing in the country's vibrant media space.

Indian billionaire makes hostile bid for high-profile NDTV news channel

August 24, 2022 1:12 am CNN Newsource

By Diksha Madhok, CNN Business Asia’s richest man has launched a hostile bid to take over an influential broadcaster in India and gain a firmer…

A cook prepares to put breaded chicken cutlets into a fryer at Bub and Pop's on August 19 in Washington

US business activity falls at its fastest rate since May 2020

August 23, 2022 12:07 pm CNN Newsource

By Alicia Wallace, CNN Business Business activity at private US companies in early August dropped off at some of the sharpest rates seen since the…

Zoom shares plunged more than 10% on August 23. A PhD candidate at Harvard tilts his screen while teaching an online class in April of 2020 in Cambridge

Zoom gets slammed: Stock plunges on weak outlook

August 23, 2022 7:01 am CNN Newsource

By Paul R. La Monica, CNN Business The pandemic lift for Zoom has gone poof. Shares of the video conferencing company plunged more than 15% Tuesday…

Analysts have issued highly bearish coverage of some companies

How low can they go? These stock analysts are issuing $0 and $1 price targets

August 23, 2022 8:51 am CNN Newsource

By Paul R. La Monica, CNN Business Wall Street analysts are typically — to quote an old REM song — shiny happy people. They don’t often…

Biden was wrongly blamed for rising gas prices. But he doesn’t deserve much credit for the drop

August 23, 2022 7:35 am CNN

By Chris Isidore, CNN Business The only thing that climbed as high as gas prices earlier this year was the disapproval of President Joe Biden, as…

Inflation is crushing wedding budgets and guests are getting cut

August 23, 2022 7:52 am CNN Newsource

Martha C. White for CNN Business The pandemic lockdowns might be in the rearview mirror, but rising inflation has ushered in the return of…

The national average for a gallon of regular gas has dropped every single day since soaring to a record high of $5.02 a gallon on June 14. A motorist pumps gas at United Oil in Los Angeles on August 12.

Gas prices drop 70 days in a row in the second-longest streak since 2005

August 23, 2022 7:35 am CNN Newsource

By Matt Egan, CNN Business Drivers have something to smile about: A historic drop in gasoline prices. The national average for a gallon of regular…

Sales of newly constructed homes fell by 12.6% in July from June and were down 29.6% from a year ago. Houses under construction are pictured here in Louisville

New home sales fall 12.6% in July as rising prices take a toll

August 23, 2022 7:29 am CNN Newsource

By Anna Bahney, CNN Business New home sales plunged in July as high prices and mortgage rates pushed buyers to think twice about closing the deal.…

Pipes and pressure gauges for gas lines are pictured at Open Grid Europe (OGE)

Turmoil in the natural gas market spells trouble ahead

August 23, 2022 4:55 am CNN Newsource

By Julia Horowitz, CNN Business The outlook for inflation and the global economy hinges in large part on where energy prices head next — which…

An aerial view of the coal-fired power plant is seen here in November of 2021 in Hanchuan

China turns back to coal as record heatwave causes power shortages

August 23, 2022 2:09 am CNN Newsource

By Laura He, CNN Business China is mining and importing more coal as its worst heatwave and drought in six decades hits hydroelectricity, the…

A car sits in flood waters covering a closed highway in Dallas on August 22. More than 1

More than 1,300 US flights canceled nationwide, Dallas airports hard hit due to storms

August 22, 2022 7:09 pm CNN Newsource

By Ross Levitt, CNN More than 1,300 US flights have been canceled as of Monday night and more than 7,400 flights have been delayed, according to the…

The now viral phrase "quiet quitting" is annoyingly imprecise and misleading.

What managers should know about ‘quiet quitting’

August 22, 2022 1:16 pm CNN

By Jeanne Sahadi, CNN Business The now viral phrase “quiet quitting” is annoyingly imprecise and misleading. Some say it means doing the…

Ford hit with $1.7 billion verdict for F-series pickup roof collapse that killed couple

August 22, 2022 12:36 pm CNN Newsource

By Chris Isidore, CNN Business The family of an elderly couple killed when the roof of their F-250 pickup collapsed during a rollover accident in…

Some people are quiet quitting at their workplace to avoid burnout.

Quiet quitting is the latest workplace trend, but it doesn’t mean what you think

August 22, 2022 12:26 pm CNN

By Megan Marples, CNN Years of long hours, understaffed companies and burned-out employees have all led to the latest TikTok trend: quiet quitting.…

Quiet quitting is the latest workplace trend, but it doesn’t mean what you think

August 22, 2022 12:26 pm CNN Newsource

By Megan Marples, CNN Years of long hours, understaffed companies and burned-out employees have all led to the latest TikTok trend: quiet quitting.…

Tesla raises price of feature it calls ‘full self-driving’ to $15,000

August 22, 2022 11:52 am CNN Newsource

By Matt McFarland, CNN Business Tesla is raising the price of its controversial driver-assist feature it calls “full self-driving” to…

Ford cutting 3,000 corporate jobs as part of its shift to EVs

August 22, 2022 10:16 am CNN Newsource

By Chris Isidore, CNN Business Ford is cutting 3,000 white collar jobs as it prepares to shift from traditional internal combustion engine vehicles…

Bed Bath & Beyond shares tank on Monday on reports that suppliers have halted product shipments. Pictured is a Bed Bath & Beyond store in Manhattan

Bed Bath & Beyond shares tank on reports that suppliers have halted product shipments

August 22, 2022 9:12 am CNN Newsource

By Parija Kavilanz, CNN Business Shareholders are pulling the rug out from under Bed Bath & Beyond. The embattled retailer’s stock dropped…

Seventy-two percent of economists polled by the National Association of Business Economics expect the next US recession will begin by the middle of next year. The New York Stock Exchange is seen here on April 25.

72% of economists expect a US recession by the middle of next year

August 22, 2022 7:55 am CNN Newsource

By Matt Egan for CNN Business The Federal Reserve is unlikely to tame inflation without pushing the American economy into a recession, according to a…

Stocks tumbled on August 22 as investors once again began to worry that the central bank will raise rates by three-quarters of a point next month. The New York Stock Exchange is pictured on July 8.

Stocks tumble on fears of another big Fed rate hike

August 22, 2022 8:34 am CNN Newsource

By Paul R. La Monica, CNN Business So much for hopes that the Federal Reserve will tap the brakes on its aggressive interest rate hikes. Stocks…

French supermarkets and gas stations have an answer to soaring inflation — freezing some prices for the next few months. A customer is pictured pushing his shopping trolley in Saint-Herblain near Nantes

French supermarkets and gas stations are capping prices

August 22, 2022 7:18 am CNN Newsource

By Anna Cooban, CNN Business French supermarkets and gas stations have an answer to soaring inflation — freezing some prices for the next few…

Traders work during the opening bell at the New York Stock Exchange (NYSE) on Wall Street in New York City on August 16.

Markets are fighting the Fed

August 22, 2022 5:45 am CNN Newsource

By Julia Horowitz, CNN Business Stocks have experienced a sharp summer rebound, easing fear among investors and boosting hopes the bear market has…

Opinion: Corporate greed isn’t to blame for high inflation

August 22, 2022 5:45 am CNN Newsource

Opinion by Stephen G. Cecchetti and Kermit L. Schoenholtz for CNN Business Perspectives In June, US inflation hit a 40-year high of 9% and…

Mexico City becomes ‘work from home’ haven for US expats, but locals are getting priced out

August 22, 2022 4:24 am CNN

By David Culver and Karol Suarez, CNN Sandra Ortiz struggles to talk about her family’s restaurant without breaking down into tears.…

Mexico City becomes ‘work from home’ haven for US expats, but locals are getting priced out

August 22, 2022 4:24 am CNN

By David Culver and Karol Suarez, CNN Sandra Ortiz struggles to talk about her family’s restaurant without breaking down into tears.…

China has unveiled 19 new measures to shore up its economy and "secure drinking water" supply as the country continues to struggle with its worst heatwave in 60 years and rigid Covld lockdowns.

From energy to drinking water, China has lots to fix in its economy

August 22, 2022 3:12 am CNN

By Laura He, CNN Business China has unveiled 19 new measures to shore up its economy and “secure drinking water” supply as the country…

China's heatwave is now hurting major carmakers. People visit the Taikoo Li shopping complex as lights are partially turned off to conserve energy on August 18

Carmakers hit as China’s heatwave forces more power rationing

August 22, 2022 3:12 am CNN Newsource

By Laura He, CNN Business China’s brutal heatwave is now hurting major players in the auto industry. The rationing of power in Sichuan province…

China slashes mortgage rates to tackle the deepening property crisis. Pictured are apartment buildings at the Magnolia Mansion residential project in Shanghai

China slashes mortgage rate to tackle deepening property crisis

August 22, 2022 2:14 am CNN Newsource

By Michelle Toh, CNN Business China’s central bank is cutting its benchmark interest rate for mortgages yet again as it tries to stem a…

Mexico City becomes ‘work from home’ haven for US expats, but locals are getting priced out

August 22, 2022 2:41 am CNN Newsource

By David Culver and Karol Suarez, CNN Sandra Ortiz struggles to talk about her family’s restaurant without breaking down into tears.…

Pedestrians pass in front of a Regal Cinemas movie theater in New York

Why the world’s second largest movie theater chain may be filing for bankruptcy

August 22, 2022 1:11 am CNN Newsource

By Mark Thompson, CNN Business The owner of Regal Cinemas confirmed Monday that it was considering filing for bankruptcy but promised “business…

Carl Bernstein appears on CNN's Reliable Sources on August 21.

‘Reliable Sources’: Why defending the press is essential to defending democracy

August 21, 2022 11:58 am CNN

By Ramishah Maruf, CNN For over 30 years, “Reliable Sources” has covered the role the press plays in societies around the world. In the…

‘Reliable Sources’: Why defending the press is essential to defending democracy

August 21, 2022 11:58 am CNN

By Ramishah Maruf, CNN For over 30 years, “Reliable Sources” has covered the role the press plays in societies around the world. In the…

‘Reliable Sources’: Why defending the press is essential to defending democracy

August 21, 2022 11:58 am CNN Newsource

By Ramishah Maruf, CNN For over 30 years, “Reliable Sources” has covered the role the press plays in societies around the world. In the…

Chipotle's new lemonade-scented soy candle is designed to look like a Chipotle water cup. Some Chipotle fans have been known to "accidentally" fill their complimentary water cups with lemonade at the restaurant's beverage station.

Chipotle debuts a ‘water cup’ candle. It smells like lemonade

August 21, 2022 11:13 am CNN Newsource

By Zoe Sottile, CNN Lemonade thieves, Chipotle is on to you. The burrito chain has released a candle in honor of National Lemonade Day, which fell on…

Miller High Life has an ice cream that tastes like a dive bar

August 21, 2022 6:51 am CNN Newsource

By Yenny Sanchez, CNN If you ever looked at a dive bar and thought “yum,” then this snack is for you. Miller High Life has partnered with…

Batteries sit in a bin before sorting at the Raw Materials Co. recycling facility in Port Colborne

Why you can’t always throw AA batteries in the trash

August 21, 2022 6:09 am CNN Newsource

By Matt McFarland, CNN Business There’s a good chance you aren’t disposing of your AA batteries properly. But you may not be to blame.…

Jen Valencia shops for a customer as she supplements her income working for Instacart at Acme Market in April 2020 in Clark

Where have the unicorns gone? The IPO window has slammed shut

August 21, 2022 4:37 am CNN Newsource

By Paul R. La Monica, CNN Business Unicorns, the nickname for multi-billion dollar startups looking to go public, are starting to become an…

People are now testing Tesla’s ‘full self-driving’ on real kids

August 21, 2022 2:02 am CNN Newsource

By Matt McFarland, CNN Business Carmine Cupani wanted to set the record straight. So he asked his young son to stand in the path of his Tesla as it…

Why Jaws and E.T. are back in theaters

August 20, 2022 3:48 am CNN Newsource

By Frank Pallotta, CNN Business In Hollywood, there’s the reboot, the remake and the requel. But now, coming this summer to a theater near you:…

Bugatti hopes its last gas-only car will also be the world’s fastest convertible

August 19, 2022 10:32 am CNN Newsource

By Peter Valdes-Dapena, CNN Business Bugatti has unveiled what the French automaker hopes will be the world’s fastest convertible. The…

Bugatti hopes its last gas-only car will also be the world’s fastest convertible

August 19, 2022 9:13 pm CNN

By Peter Valdes-Dapena, CNN Business Bugatti has unveiled what the French automaker hopes will be the world’s fastest convertible. The…

Stocks tumble on fears of another big Fed rate hike

August 19, 2022 2:39 pm CNN

By Paul R. La Monica, CNN Business So much for hopes that the Federal Reserve will tap the brakes on its aggressive interest rate hikes. Stocks…

Opinion: Late-night television’s golden age is over

August 19, 2022 12:33 pm CNN Newsource

Opinion by Bill Carter for CNN Business Perspectives In July, TBS announced that, after seven seasons, “Full Frontal with Samantha Bee”…

An employee gathers shopping carts at a Walmart in Burbank

Walmart is expanding abortion coverage for employees

August 19, 2022 12:21 pm CNN Newsource

By Parija Kavilanz, CNN Business Walmart, the nation’s largest private employer, is expanding travel and abortion coverage for its US employees…

McDonald’s is bringing a British hit to the US

August 19, 2022 8:37 am CNN Newsource

By Jordan Valinsky, CNN Business McDonald’s Chicken Big Mac was a huge hit in the United Kingdom. Now it’s crossing the pond. Beginning…

The Regal Cinema marquee in Times Square.

The world’s second biggest movie theater chain is in trouble

August 19, 2022 8:17 am CNN

By Anna Cooban, CNN Business The owner of Regal Cinemas is having a tough time — its stock crashed as much as 80% Friday after reports that its…

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