Morgan Stanley warns US profits could drop like in 2008, tanking stocks
By Matt Egan, CNN One of Wall Street’s top executives is worried about a repeat of 2008. At least, partially. Mike Wilson, Morgan’s…
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UK lawmakers call on Sun newspaper to sanction Jeremy Clarkson over ‘violent misogynist’ Meghan article
By Jack Guy, CNN Business A group of British lawmakers are calling for action to be taken against columnist Jeremy Clarkson after he wrote a…
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EPA finalizes tougher pollution standards for large vehicles like trucks and buses
By Ella Nilsen and Peter Valdes-Dapena, CNN The Biden administration on Tuesday finalized tougher pollution standards for heavy-duty vehicles like…
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Wells Fargo ordered to pay $3.7 billion for ‘illegal activity’ including unjust foreclosures and vehicle repossessions
By Matt Egan, CNN Federal regulators fined Wells Fargo a record $1.7 billion on Tuesday for “widespread mismanagement” over multiple…
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American home building slumped again in November
By Anna Bahney, CNN Business Home building pulled back in November, as buyers faced spiking mortgage rates topping 7% that make homes increasingly…
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3M will stop making hazardous ‘forever chemicals’ starting in 2025
By Jordan Valinsky, CNN Business 3M, the conglomerate behind Post-It notes and Scotch tape, will stop making controversial per- and polyfluoroalkyl…
Continue ReadingMain Street’s buying stocks while Wall Street sells: What gives?
By Nicole Goodkind, CNN It’s been a rollercoaster year for stocks. The S&P 500 is down more than 20% year-to-date and 2022 is likely to…
Continue ReadingFirst images of British banknotes featuring King Charles III unveiled
By Lauren Kent, CNN Business The first images of banknotes featuring Britain’s King Charles III were unveiled on Tuesday by the Bank of…
Continue ReadingBritish Airways flights from the US delayed due to technical difficulties
By Rob McLean, CNN British Airways flights from the United States were delayed Monday night due to technical difficulties. “Our flights due to…
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Tesla gets downgraded on Wall Street over Elon Musk’s Twitter antics, banning of journalists
By Matt Egan Elon Musk’s management of Twitter, including the banning of multiple journalists, has “severely damaged” market…
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Europe finally agrees to cap gas prices
By Anna Cooban and Hanna Ziady, CNN Europe has agreed to a cap on natural gas prices, following months of debate over whether the measure will…
Continue ReadingElizabeth Warren calls out Elon Musk for ‘unavoidable’ conflicts of interest caused by Twitter takeover
By Matt Egan, CNN Senator Elizabeth Warren is raising concerns about conflicts of interest and potential legal violations for Tesla following Elon…
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FTX founder Sam Bankman-Fried agrees to be extradited to the US
By Kara Scannell, Patrick Oppmann and Allison Morrow, CNN FTX founder Sam Bankman-Fried agreed to be extradited to the United States, where federal…
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How to save and invest for the life you want
By Jeanne Sahadi, CNN Let’s be honest: Saving and investing may be necessary, but they often can feel like a chore. Both become a lot more…
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Gas prices haven’t been this low since July 2021
By Matt Egan, CNN Business The great gasoline spike of 2022 has completely unwound, giving consumers a major boost after a year of high inflation.…
Continue ReadingElizabeth Warren calls out Elon Musk for ‘unavoidable’ conflicts of interest caused by Twitter takeover
By Matt Egan, CNN Senator Elizabeth Warren is raising concerns about conflicts of interest and potential legal violations for Tesla following Elon…
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EU agrees to the world’s largest carbon border tax
By Hanna Ziady, CNN European Union governments have reached a deal on the world’s first major carbon border tax, as part of an overhaul of the…
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Lionel Messi’s Argentina jerseys are sold out worldwide
By Jordan Valinsky, CNN Business Fans of Lionel Messi looking to scoop up his official Argentina jersey following the soccer star’s first-ever…
Continue ReadingWhy the market is obsessed with unemployment
By Nicole Goodkind, CNN As the year comes to a close, it seems that the market’s focus on inflation rates are shifting to a new area of…
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China bets on private sector to boost Covid-hit economy
By Laura He, CNN Beijing has vowed to go all out next year to save its Covid-hit economy by boosting consumption and loosening control over private…
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Iran’s government accesses the social media accounts of those it detains. Tech companies appear ill-equipped to stop it
By Katie Polglase and Gianluca Mezzofiore, CNN In between being blindfolded, locked in solitary confinement, and interrogated in a wheelchair while…
Continue Reading Iran’s government accesses the social media accounts of those it detains. Tech companies appear ill-equipped to stop it
By Katie Polglase and Gianluca Mezzofiore, CNN In between being blindfolded, locked in solitary confinement, and interrogated in a wheelchair while…
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Sam Bankman-Fried to appear in court Monday to drop extradition fight
By Kara Scannell, CNN Former FTX CEO Sam Bankman-Fried is expected to appear in a Bahamas court on Monday to reverse his decision to contest…
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Sam Bankman-Fried borrowed $546 million from his hedge fund to buy a Robinhood stake
By Allison Morrow, CNN When Sam Bankman-Fried bought a nearly 7.6% stake in Robinhood, the popular stock-trading app, earlier this year, he financed…
Continue Reading‘Avatar: The Way of Water’ gives James Cameron his first $100 million domestic debut
By Ramishah Maruf, CNN The highly anticipated “Avatar: The Way of Water” took in $134 million at the US box office, giving director James…
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Housing slump likely to continue but some see hopeful signs ahead
By Paul R. La Monica, CNN Mortgage rates have ticked down recently, but are still up dramatically from a year ago thanks to the surge in long-term…
Continue ReadingElon Musk offers journalists he banned from Twitter ability to return under certain condition
By Oliver Darcy New Twitter owner Elon Musk offered several of the journalists he banned from the social media website earlier this week the ability…
Continue ReadingElon Musk offers journalists he banned from Twitter ability to return under certain condition
By Oliver Darcy New Twitter owner Elon Musk offered several of the journalists he banned from the social media website earlier this week the ability…
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Holiday discounts are already hard to resist. The best bargains are yet to come
By Parija Kavilanz, CNN Stores are drowning in a glut of merchandise this holiday season, keeping the discounts fast and furious in the runup to…
Continue ReadingThe hottest holiday gift is a massive, half pound Fruit Loop
By Zoe Sottile, CNN Just in time for the holidays, artist collective MSCHF is releasing its newest playful art piece: a giant, 930-calorie, $19.99…
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‘Out of control’: No one knows how much to tip
By Nathaniel Meyersohn, CNN A new checkout trend is sweeping across America, making for an increasingly awkward experience: digital tip jars. You…
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After this week’s Fed rate hike, where are mortgage rates headed?
By Anna Bahney, CNN The Federal Reserve hiked its benchmark lending rate this week for the seventh time this year, capping a year of intense pressure…
Continue ReadingA lettuce production problem cost Olive Garden owner millions
By Danielle Wiener-Bronner, CNN High lettuce costs are coming for Olive Garden’s never-ending salad. Darden Restaurants, which owns the casual…
Continue ReadingDonald Trump’s NFT superhero trading cards timed the market all wrong
By Jon Sarlin, CNN Donald Trump’s entrance into the NFT world came at the worst possible moment. The former president’s hyped-up…
Continue ReadingDonald Trump’s NFT superhero trading cards timed the market all wrong
By Jon Sarlin, CNN Donald Trump’s entrance into the NFT world came at the worst possible moment. The former president’s hyped-up…
Continue Reading‘This is a war’: Californians seek affordable housing alternatives
By David Culver and Nicole Barron At 26, Ixchel Hernandez has become the defender and protector of her family’s modest apartment. In the two…
Continue ReadingBiden begins to refill Strategic Petroleum Reserve, while Keystone Pipeline leak prompts new emergency exchange
By Matt Egan The Biden administration announced plans Friday to provide nearly 2 million barrels of oil to refineries through an emergency exchange…
Continue ReadingGas prices tumble to 15-month low. Sub-$3 could be next
By Matt Egan The plunge in gasoline prices hit another milestone on Friday, with the national average sinking to the lowest level since September…
Continue ReadingGas prices tumble to 15-month low. Sub-$3 could be next
By Matt Egan The plunge in gasoline prices hit another milestone on Friday, with the national average sinking to the lowest level since September…
Continue ReadingStarbucks union organizers wanted credit-card tipping. Now they’re being left out
By Danielle Wiener-Bronner, CNN While a debate unfolds online about Starbucks‘ new credit and debit card tipping option, some workers are…
Continue ReadingHow the Arab world’s most populous country became addicted to debt
By CNN Staff Egypt has dug itself a massive hole of debt. On Friday, the International Monetary Fund (IMF) will extend a $3 billion loan to the…
Continue ReadingElon Musk censors the press
By Oliver Darcy, CNN Elon Musk is no free speech warrior. The thin-skinned new Twitter owner on Thursday banned the accounts of several high-profile…
Continue ReadingStarbucks union starts three-day strike at 100 stores
By Chris Isidore, CNN Business About 100 Starbucks stores across America will be on strike for the next three days, as the union attempts to turn up…
Continue ReadingThe Grinch comes for retailers
By Nicole Goodkind, CNN Weaker-than-expected retail sales in November pummeled market sentiment on Thursday and raised the odds that the Federal…
Continue Reading‘Avatar: The Way of Water’ could be a ‘life saver’ for China’s cinemas
By Laura He and Cheng Cheng, CNN James Cameron’s “Avatar: The Way of Water” has premiered in China, 13 years after the original…
Continue Reading‘Avatar: The Way of Water’ gives James Cameron his first $100 million domestic debut
By Ramishah Maruf, CNN The highly anticipated “Avatar: The Way of Water” took in $134 million at the US box office, giving director James…
Continue ReadingElon Musk offers journalists he banned from Twitter ability to return under certain condition
By Oliver Darcy New Twitter owner Elon Musk offered several of the journalists he banned from the social media website earlier this week the ability…
Continue ReadingDelisting risks for China tech stocks averted as US gets ‘historic’ access to audit data
By Laura He, CNN US regulators have gained full access to the audits of Chinese companies for the first time, reducing the threat that tech giants…
Continue ReadingElon Musk bans several prominent journalists from Twitter, calling into question his commitment to free speech
By Oliver Darcy, CNN Business Twitter on Thursday evening banned the accounts of several high-profile journalists from the nation’s top news…
Continue ReadingElon Musk’s Twitter bans CNN, NYT, WaPo journalists without explanation
By Oliver Darcy, CNN Twitter on Thursday evening banned the accounts of several high-profile journalists from top news organizations without…
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