Money Archives

How M&M’s is making the most of its spokescandies controversy

January 25, 2023 10:22 am CNN Newsource

By Danielle Wiener-Bronner, CNN Over the past year, M&M’s has been the subject of Fox News tirades and criticism from a small segment of…

Traders work on the floor at the New York Stock Exchange in New York

New York Stock Exchange blames ‘manual error’ for trading glitch

January 25, 2023 9:28 am CNN Newsource

By Nicole Goodkind, CNN New York Stock Exchange officials said Wednesday that a “manual error” was responsible for the massive price…

A Southwest Airlines passenger jet lands at Chicago Midway International Airport in Chicago

Winter storm cancels hundreds of US flights, with Southwest again hit hardest

January 25, 2023 8:09 am CNN Newsource

By Chris Isidore, CNN Bad weather canceled hundreds of flights on Wednesday, with Southwest Airlines once again hit particularly hard. As of 10:30 am…

Workers leave at shift change as co-workers strike at the Amazon.com Inc. fulfilment centre in Coventry

Amazon warehouse workers walk out in first UK strike

January 25, 2023 6:51 am CNN Newsource

By Julia Horowitz, CNN Amazon workers at a warehouse in central England went on strike Wednesday, the first time employees of the US tech giant have…

Biden’s top economist is stepping down. See the list of contenders to replace him

January 25, 2023 5:31 am CNN Newsource

By Matt Egan and Phil Mattingly, CNN The White House is considering a number of senior officials in the federal government to replace top economist…

Traders work on the floor of the New York Stock Exchange during opening bell in New York City on January 18

Want to avoid debt ceiling fallout? Invest in foreign stocks

January 25, 2023 5:18 am CNN

By Nicole Goodkind and Paul R. La Monica, CNN The US could be approaching a 2011-style debt ceiling market meltdown, but worried investors…

Want to avoid debt ceiling fallout? Invest in foreign stocks

January 25, 2023 5:18 am CNN Newsource

By Nicole Goodkind and Paul R. La Monica, CNN The US could be approaching a 2011-style debt ceiling market meltdown, but worried investors…

Chairperson of Indian conglomerate Adani Group

Asia’s richest man considers legal action over short seller’s ‘baseless’ fraud claims

January 25, 2023 5:18 am CNN Newsource

By Diksha Madhok, CNN India’s Adani Group has denounced allegations of fraud made by Hindenburg Research as “baseless” and a…

A Boeing 747 plane during an event at the company's facility in Everett

Here’s what Boeing blames for its big loss

January 25, 2023 4:42 am CNN Newsource

By Chris Isidore, CNN Boeing reported a $650 million operating loss in the fourth quarter, surprising Wall Street analysts who had expected the…

Elon Musk leaves the Phillip Burton Federal Building and United States Court House in San Francisco

Next up for Elon Musk: Crucial Tesla earnings and outlook

January 25, 2023 2:27 am CNN Newsource

By Chris Isidore, CNN Tesla is expected to report record earnings after the bell Wednesday, but it might not be enough to satisfy anxious investors.…

Tesla CEO Elon Musk returned to the witness stand for a third day in a California court room Tuesday.

Elon Musk is back on the stand in trial over controversial ‘funding secured’ tweet

January 24, 2023 9:21 am CNN Newsource

By Matt McFarland, CNN Business Tesla CEO Elon Musk returned to the witness stand for a third day in a California court room Tuesday, as he testified…

Rupert Murdoch abandons plan to recombine Fox and News Corp

January 24, 2023 2:25 pm CNN Newsource

By Oliver Darcy, CNN Rupert Murdoch has abandoned plans to combine Fox Corporation and News Corporation, a move that would have reunited his…

Union Pacific reported another year of record earnings Tuesday. In this image

Major railroad posts record earnings, spends more on share repurchases than on its employees

January 24, 2023 11:32 am CNN Newsource

By Chris Isidore, CNN Union Pacific, one of the major freight railroads that successfully fought off union demands for paid sick days for workers…

Justin Bieber sells his music catalog

January 24, 2023 11:00 am CNN Newsource

By Oliver Darcy, CNN Justin Bieber has sold the rights to his publishing and artist royalties from his song catalog, adding himself to a growing list…

Elon Musk is back on the stand in trial over controversial ‘funding secured’ tweet

January 24, 2023 9:21 am CNN

By Matt McFarland, CNN Business Tesla CEO Elon Musk returned to the witness stand for a third day in a California court room Tuesday, as he testified…

Amazon introduces a $5 monthly unlimited delivery pass on 60 common generic prescription drugs treating allergies

Amazon launches $5-a-month unlimited prescription plan

January 24, 2023 6:51 am CNN Newsource

By Nathaniel Meyersohn, CNN Amazon is expanding its push into healthcare with a $5 monthly unlimited delivery pass on 60 common generic prescription…

There’s actually a presale for Oreo’s newest flavor

January 24, 2023 7:09 am CNN Newsource

By Danielle Wiener-Bronner, CNN In the past, Oreo has partnered with Lady Gaga, Pokémon and Ritz on new limited-time flavors. Now, it’s…

Walmart is raising its base pay from $12 to $14 an hour

America’s largest private employer just hiked wages

January 24, 2023 8:49 am CNN Newsource

By Nathaniel Meyersohn, CNN Business Walmart, America’s largest private employer, said Tuesday that it will raise its minimum wage from $12 to…

The Washington Post on Tuesday began laying off staffers.

Washington Post lays off 20 newsroom employees, shuts down gaming section

January 24, 2023 8:33 am CNN Newsource

By Oliver Darcy, CNN Business The Washington Post on Tuesday became the latest media company to conduct layoffs, cutting 20 roles in a move that…

Trading for dozens of companies on the New York Stock Exchange was briefly halted Tuesday just after the market opened.

New York Stock Exchange investigates ‘technical issue’ that briefly halted some trading

January 24, 2023 7:28 am CNN Newsource

By Nicole Goodkind, CNN The New York Stock Exchange experienced a technical issue Tuesday morning that led to a brief trading halt for dozens of…

America's largest banks announced plans Tuesday for an electronic wallet that will take aim at Apple Pay and PayPal.

America’s biggest banks are taking on Apple Pay and PayPal

January 24, 2023 6:36 am CNN Newsource

By Chris Isidore, CNN Business America’s largest banks announced plans Tuesday for an electronic wallet that will take aim at Apple Pay and…

Europe's economy could dodge a recession this year. In this file image from 2022

Europe could dodge a recession. But the UK is in a mess

January 24, 2023 5:08 am CNN Newsource

By Hanna Ziady, CNN Business activity across the 20 countries that use the euro expanded in January for the first time in six months, according to…

Tech earnings could wreck Wall Street’s party

January 24, 2023 4:44 am CNN Newsource

By Nicole Goodkind, CNN Big Tech earnings are here, and investors are hoping they don’t wreck the good vibes on Wall Street. Markets are coming…

Live Nation exec faces lawmakers about Taylor Swift concert tickets fiasco

January 24, 2023 3:27 am CNN Newsource

By Parija Kavilanz and Samantha Murphy Kelly, CNN Lawmakers grilled a top executive from Ticketmaster’s parent company after the…

As the head of Disney's head of PR for just three months

This guy made $150,000 a day, because Corporate America is out of control

January 23, 2023 5:14 pm CNN Newsource

By Allison Morrow, CNN Reporters often joke that journalists are going to the “dark side” when they go into PR. After reading about Geoff…

This guy made $150,000 a day, because Corporate America is out of control

January 23, 2023 5:14 pm CNN

By Allison Morrow, CNN Reporters often joke that journalists are going to the “dark side” when they go into PR. After reading about Geoff…

Chase closes some New York ATMs early because of ‘rising crime’

January 23, 2023 2:06 pm CNN Newsource

By Ramishah Maruf, CNN Citing “rising crime and vagrancy,” Chase Bank has shuttered 24-hour access to some of its New York ATMs. Select…

Geoff Morrell is pictured here in a November 2013 file photo. The former Disney PR chief received more than $100

Disney exec made 6 figures a day for the 3 months he worked there

January 23, 2023 11:50 am CNN Newsource

By Chris Isidore, CNN Few top executives have ever failed in a job so quickly — or so lucratively — as Geoff Morrell. He became Disney’s…

Brazil's President Luiz Inacio Lula da Silva (right) poses for a picture with Argentina's President Alberto Fernandez during a bilateral meeting in Brasilia on January 2.

Argentina and Brazil are discussing a common currency. Don’t hold your breath

January 23, 2023 11:40 am CNN Newsource

By Julia Horowitz and Mia Alberti, CNN The two biggest economies in South America are starting talks to create a common currency. Analysts are…

The Washington Post is not for sale, owner Jeff Bezos and the newspaper say

January 23, 2023 11:22 am CNN Newsource

By Chloe Melas, CNN The Washington Post is not for sale, spokespeople for the newspaper and its owner Jeff Bezos told CNN on Monday. They denied a…

How M&M’s is making the most of its spokescandies controversy

January 23, 2023 10:51 am CNN

By Danielle Wiener-Bronner, CNN Over the past year, M&M’s has been the subject of Fox News tirades and criticism from a small segment of…

Maya Rudolph is the new face of M&M’S. Polarizing spokescandies are taking a ‘pause’

January 23, 2023 10:11 am CNN Newsource

By Danielle Wiener-Bronner, CNN After causing outrage by making over the Green M&M and launching a special bag featuring its new Purple…

Tesla CEO Elon Musk testified on Monday for a second day in the lawsuit over his controversial "funding secured" tweet from 2018. Musk is pictured here in this courtroom sketch on January 20

‘420 price was not a joke.’ Elon Musk testifies again in trial over controversial tweet

January 23, 2023 9:28 am CNN Newsource

By Matt McFarland, CNN Business Tesla CEO Elon Musk took the witness stand for a second day on Monday and attempted to explain the thought process…

Most business economists expect their companies to cut payrolls in the coming months.

More layoffs are on the way, survey of business economists finds

January 23, 2023 9:24 am CNN Newsource

By Matt Egan, CNN For the first time since the early days of the pandemic, most business economists expect their companies to cut payrolls in the…

A downturn is in store for the US economy in the near future.

Economic barometer warns that a US recession could come soon

January 23, 2023 7:14 am CNN Newsource

By Alicia Wallace, CNN A key barometer for the health of the economy continues to flash a recession warning sign, indicating a downturn is in store…

Salesforce under siege from top activist hedge fund

January 23, 2023 6:39 am CNN Newsource

By Paul R. La Monica, CNN Software giant Salesforce, one of the 30 stocks in the venerable Dow Jones Industrial Average, had a miserable 2022. Now…

Greatest trade ever? Citadel’s $16 billion haul smashes hedge fund records

January 23, 2023 5:34 am CNN Newsource

By Anna Cooban, CNN Citadel is now the most successful hedge fund ever after it made $16 billion last year — the biggest annual windfall on record.…

Exclusive: Natural Light is tapping into nostalgia with its new can design

January 23, 2023 5:19 am CNN Newsource

By Jordan Valinsky, CNN Natural Light’s new cans will soon look a lot like their old ones. Drinkers will soon notice a retro-inspired makeover…

ESG funds just survived a tumultuous 2022. In this image

ESG beat Wall Street in one important way last year

January 23, 2023 5:15 am CNN Newsource

By Nicole Goodkind, CNN ESG funds — investments that evaluate companies using environmental, social and governance factors — just survived a…

Nearly 220 million people in Pakistan without power after countrywide outage

January 22, 2023 9:22 pm CNN Newsource

By Sophia Saifi, Azaz Syed and Rhea Mogul, CNN A nationwide power outage in Pakistan left nearly 220 million people without electricity on Monday,…

Joggers run past the Treasury Department on January 18

Here’s what will happen to the economy as the debt ceiling drama deepens

January 22, 2023 5:54 am CNN

By Alicia Wallace, CNN After the United States hit its debt ceiling on Thursday, the Treasury Department is now undertaking “extraordinary…

Here’s what will happen to the economy as the debt ceiling drama deepens

January 22, 2023 5:54 am CNN Newsource

By Alicia Wallace, CNN After the United States hit its debt ceiling on Thursday, the Treasury Department is now undertaking “extraordinary…

Shoppers on Powell Street in San Francisco

Did the economy end 2022 with a bang or a whimper?

January 22, 2023 4:16 am CNN Newsource

By Paul R. La Monica, CNN Recession alarm bells are sounding. But are they premature? Yes, retail sales tumbled in December as inflation took its…

A U.S. Department of the Treasury Internal Revenue Service (IRS) 1040 Individual Income Tax form for the 2019 tax year. Official tax-filing season kicks off Monday

Your tax refund may be smaller this year. Here’s why

January 22, 2023 2:03 am CNN Newsource

By Jeanne Sahadi, CNN Official tax-filing season kicks off Monday, January 23, and it may hold some surprises for your wallet. So, whether you expect…

This ‘Cryptoqueen’ scammed investors out of $4 billion, the FBI says. Then she boarded a plane and disappeared

January 22, 2023 1:05 am CNN Newsource

By Faith Karimi, CNN Ruja Ignatova strode onto the stage in a flowing burgundy ball gown adorned with black sparkles. Beams of light flashed,…

This ‘Cryptoqueen’ scammed investors out of $4 billion, the FBI says. Then she boarded a plane and disappeared

January 22, 2023 1:05 am CNN

By Faith Karimi, CNN Ruja Ignatova strode onto the stage in a flowing burgundy ball gown adorned with black sparkles. Beams of light flashed,…

A general view of the entrance of the Google office

Here are some of the companies that have laid off employees this year — so far

January 21, 2023 2:43 pm CNN Newsource

By Ramishah Maruf, CNN Just this week, Alphabet, Google’s parent company, Microsoft and Vox Media announced layoffs that will affect more than…

A burger chain switches to Coca-Cola. Pepsi fans are furious

January 21, 2023 1:08 pm CNN Newsource

By Ramishah Maruf, CNN Frozen custard and burger chain Culver’s is switching from Pepsi products to Coca-Cola — and Pepsi fans are not…

Most retailers are tripping over themselves to stay relevant by courting younger Millennial and Gen Z shoppers. Not Lands’ End

Retailers are tripping over themselves for Millennial and Gen Z shoppers. But not this one

January 21, 2023 6:35 am CNN Newsource

By Parija Kavilanz, CNN Most retailers are tripping over themselves to stay relevant by courting younger Millennial and Gen Z shoppers. Not…

Shopping carts keep disappearing from stores

January 21, 2023 3:52 am CNN Newsource

By Nathaniel Meyersohn, CNN Santa Fe, New Mexico, paid a local contractor $47,000 to round up about 3,000 shopping carts around the city in 2021 and…

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