Money Archives

Freight train cars sit in a Norfolk Southern rail yard on September 14 in Atlanta. Three hundred business groups are calling on President Joe Biden to intervene in the ratification of the national tentative agreement between rail unions and US freight railroads.

300 business groups call on Biden to intervene in rail unions contract vote

October 27, 2022 2:52 pm CNN Newsource

By Vanessa Yurkevich, CNN Three hundred business groups are calling on President Joe Biden to intervene in the ratification of the national tentative…

Ford’s beloved little Fiesta is going away, at least for now

October 27, 2022 10:58 am CNN Newsource

By Peter Valdes-Dapena, CNN Business The Ford Fiesta, a hugely popular little hatchback in much of the world, will soon no longer appear in…

Inflation is relentlessly high and food prices in particular are soaring. In this environment

As prices soar, consumers turn to McDonald’s

October 27, 2022 10:45 am CNN Newsource

By Danielle Wiener-Bronner, CNN Business Inflation is relentlessly high and food prices in particular are soaring. In this environment, customers are…

The New York Post said that a series of vulgar and racist tweets and headlines published on October 27 were the result of a rogue employee.

New York Post says ‘vile and reprehensible’ tweets result of rogue employee

October 27, 2022 10:25 am CNN

By Oliver Darcy, CNN Business The New York Post said that a series of vulgar and racist tweets and headlines published Thursday morning were the…

New York Post says ‘vile and reprehensible’ tweets result of rogue employee

October 27, 2022 10:25 am CNN Newsource

By Oliver Darcy, CNN Business The New York Post said that a series of vulgar and racist tweets and headlines published Thursday morning were the…

Fetterman slams Big Oil for surging profits and failure to invest in new supply

October 27, 2022 10:25 am CNN Newsource

By Matt Egan Democrat John Fetterman scolded the oil industry on Thursday for reaping massive profits and argued companies are rewarding shareholders…

Don't expect the bounce-back in the US economy in the third quarter to quiet the chorus of recession calls. Shoppers are pictured in San Francisco

Don’t expect the bounce-back in the US economy to quiet recession calls

October 27, 2022 10:04 am CNN Newsource

By Christine Romans, CNN Business Don’t expect the bounce-back in the US economy in the third quarter to quiet the chorus of recession calls.…

The demand to buy US Series I savings bonds this week has been so great that it temporarily crashed the Treasury web site where those bonds are purchased.

A guaranteed way to beat inflation temporarily crashed a Treasury website

October 27, 2022 9:30 am CNN Newsource

By Jeanne Sahadi, CNN Business The demand to buy US Series I savings bonds this week has been so great that it temporarily crashed the Treasury web…

Rivian owners can’t help but gush about their trucks, flaws and all

October 27, 2022 7:08 am CNN Newsource

By Matt McFarland, CNN Business Denis Wang says he always hated the car-buying process — until he met Rivian. Buying the automaker’s R1T…

Mortgage rates top 7% for the first time since 2002

October 27, 2022 7:00 am CNN Newsource

By Anna Bahney, CNN Business Mortgage rates rose again this week, topping 7% for the first time since 2002. The 30-year fixed-rate mortgage averaged…

The US economy bounced back last quarter after shrinking in the first half of the year

October 27, 2022 5:40 am CNN Newsource

By Alicia Wallace, CNN Business The US economy grew last quarter, bouncing back after shrinking in the first half of the year — but there are…

The European Central Bank hiked interest rates by three quarters of a percentage point on October 27

European Central Bank raises rates by three quarters of a point and promises more to come

October 27, 2022 5:23 am CNN Newsource

By Hanna Ziady, CNN Business The European Central Bank hiked interest rates by three quarters of a percentage point on Thursday, promising further…

The Miss Universe Organization has suspended Miss USA President Crystle Stewart and her company

Miss USA program under investigation after contestants claim pageant was rigged

October 27, 2022 5:14 am CNN Newsource

By Amanda Musa and Jennifer Henderson, CNN The Miss Universe Organization has suspended Miss USA President Crystle Stewart and her company, Miss…

Peloton has "indefinitely paused" playing Kanye West's music from its streaming workout classes.

Peloton tells members it will no longer use Kanye West’s music in new classes

October 27, 2022 5:04 am CNN Newsource

By Jordan Valinsky, CNN Business Peloton has “indefinitely paused” playing Kanye West’s music from its streaming workout classes.…

First on CNN: Senate Democrat warns Fed it’s ‘foolish’ to keep lifting interest rates

October 27, 2022 4:44 am CNN Newsource

By Matt Egan, CNN Business Colorado Sen. John Hickenlooper is pleading with the Federal Reserve to pause its relentless attack on crushing inflation…

Prince Harry’s long-awaited memoir, ‘Spare,’ set for January release

October 27, 2022 4:43 am CNN Newsource

By Rob Picheta, Lauren Said-Moorhouse, Max Foster and Lauren Kent, CNN Prince Harry’s highly anticipated memoir will be entitled…

The peak in global fossil fuel emissions is just around the corner

October 27, 2022 4:30 am CNN Newsource

By Anna Cooban, CNN Business Global fossil fuel emissions are expected to peak in 2025 as countries commit huge sums of money toward low-carbon…

Shell will buy back $4 billion worth of shares and increase its dividend by 15% after posting another gigantic quarterly profit thanks to strong oil and gas prices

Shell announces $4 billion share buyback as profits double

October 27, 2022 3:37 am CNN Newsource

By Hanna Ziady, CNN Business Shell will buy back $4 billion worth of shares and increase its dividend by 15% after posting another gigantic quarterly…

Tech stocks are taking a beating this week as they prove less resilient to the economic downturn than investors had hoped they would be.

Big Tech can’t save your investments

October 27, 2022 4:06 am CNN Newsource

By Nicole Goodkind, CNN Business Tech stocks are taking a beating this week as they prove less resilient to the economic downturn than investors had…

Credit Suisse announces ‘radical’ restructuring with Saudi backing

October 27, 2022 1:15 am CNN Newsource

By Julia Horowitz, CNN Business Credit Suisse will raise $4 billion to step back from Wall Street and double down on managing the finances of the…

Thai tycoon and transgender rights advocate buys Miss Universe for $20 million

October 26, 2022 9:59 pm CNN Newsource

By Jessie Yeung and Kocha Olarn, CNN A Thai media tycoon and transgender rights advocate has bought the Miss Universe Organization for $20 million,…

CNN employees brace for layoffs after network chief warns of ‘unsettling’ changes ahead

October 26, 2022 7:38 pm CNN Newsource

By Oliver Darcy, CNN Business “Unsettling.” That’s the sort of news CNN staffers had delivered to their inboxes at 1pm ET on…

A roar of corporate earnings came out this week and last

Whispers of improvement may slow recession’s drumbeat

October 26, 2022 6:16 pm CNN Newsource

Alexandra Peers, CNN A roar of corporate earnings came out this week and last, and the information piling up from the backbone-of-American-buyers…

Rapper Ye's falling out with corporate partners has cost him his status as a billionaire

Kanye West no longer a billionaire, says Forbes

October 25, 2022 4:32 pm CNN Newsource

By Chris Isidore, CNN Business Rapper Ye’s falling out with corporate partners has cost him his status as a billionaire, according to Forbes.…

Athletic shoe company Skechers said in a statement that two of its executives escorted embattled musician Kanye West

Skechers executives escort Kanye West out of building, company says

October 26, 2022 3:57 pm CNN Newsource

By Rob McLean, CNN Business Athletic shoe company Skechers said in a statement Wednesday that two of its executives escorted embattled musician Kanye…

Ford, VW pull plug on robotaxis in blow to self-driving car industry

October 26, 2022 2:35 pm CNN Newsource

By Matt McFarland, CNN Business Ford and Volkswagen, two of the world’s largest automakers, are shutting down their joint effort to develop…

DOJ codifies rule barring secret subpoenas of journalists’ records

October 26, 2022 1:06 pm CNN Newsource

By Jessica Schneider and Hannah Rabinowitz, CNN Attorney General Merrick Garland announced Wednesday that the Justice Department formally introduced…

Intel's subsidiary Mobileye raised $861 million in the initial public offering and Mobileye’s stock was up about 34% during trading from the initial public offering price of $21 a share

Mobileye goes public, raising Intel $861 million

October 26, 2022 12:22 pm CNN Newsource

By Matt McFarland, CNN Business Intel spun out its driver-assist subsidiary Mobileye Wednesday and raised $861 million in the initial public…

The list of companies cutting ties with artist and designer Ye following a series of antisemitic remarks continues to grow

TJ Maxx cuts Yeezy-branded merchandise amid Kanye West fallout

October 26, 2022 12:17 pm CNN Newsource

By Parija Kavilanz, CNN Business The list of companies cutting ties with artist and designer Ye following a series of antisemitic remarks continues…

Rank and file members of another railroad union have rejected a tentative labor deal

Threat of rail strike rises as members of another union reject proposed labor deal

October 26, 2022 12:15 pm CNN Newsource

By Chris Isidore and Vanessa Yurkevich, CNN Business Rank and file members of another railroad union have rejected a tentative labor deal, a move…

The Securities and Exchange Commission voted on October 26 to adopt a new rule that would require public companies to take back executive compensation when their financial statements contain errors.

New SEC rule requires executives to give back bonuses when accountants screw up

October 26, 2022 11:26 am CNN Newsource

By Nicole Goodkind, CNN Business The Securities and Exchange Commission voted Wednesday to adopt a new rule that would require public companies to…

Customers are suing a California-based marijuana company

A California marijuana company is being sued over the potency of its joints

October 26, 2022 10:39 am CNN Newsource

By Zoe Sottile and Claudia Dominguez, CNN Two disgruntled customers are suing a California marijuana company, alleging that their prerolled joints…

It’s ugly. It was catching fire. It’s old tech. GM is selling the Chevy Bolt like hotcakes

October 26, 2022 10:22 am CNN Newsource

By Peter Valdes-Dapena, CNN Business General Motors makes a big deal out of the Ultium battery technology underpinning its new and upcoming electric…

Top Senate Democrat warns the Fed against causing mass job losses

October 26, 2022 9:16 am CNN Newsource

By Matt Egan, CNN Business Democratic Sen. Sherrod Brown is warning the Federal Reserve not to attack inflation so aggressively that it undoes the…

A key market indicator is signaling a recession

October 26, 2022 8:54 am CNN Newsource

By Paul R. La Monica, CNN Business Recession worries continue to haunt Wall Street. A key indicator in the bond market is flashing signs of a…

New home sales fell in September amid rising mortgage rates that have pushed some buyers away from the housing market. Homes under construction at a new development in Thornton

Housing slowdown: New home sales fell 10.9% in September

October 26, 2022 7:10 am CNN Newsource

By Anna Bahney, CNN Business New home sales fell in September amid rising mortgage rates that have pushed some buyers away from the housing market.…

Boeing reports unexpected loss after taking hits from Air Force One, Starliner programs

October 26, 2022 7:30 am CNN Newsource

By Chris Isidore, CNN Business Boeing reported an unexpected loss in the third quarter Wednesday after taking a massive $2.8 billion charge related…

Bed Bath and Beyond has named a new CEO. The beleaguered retailer has tapped interim leader Sue Gove to the position permanently.

Bed Bath and Beyond names a new CEO

October 26, 2022 7:26 am CNN Newsource

By Jordan Valinsky, CNN Business Bed Bath and Beyond has named a new CEO — and investors were selling the stock. The beleaguered retailer has…

Europe has more natural gas than it knows what to do with. So much

Europe now has so much natural gas that prices just dipped below zero

October 26, 2022 7:03 am CNN Newsource

By Anna Cooban, CNN Business Europe has more natural gas than it knows what to do with. So much, in fact, that spot prices briefly went negative…

Brands have dumped Kanye West. What about his music career?

October 26, 2022 6:37 am CNN Newsource

By Frank Pallotta, CNN Business Ye — formerly known as Kanye West — has lost partnerships with fashion brands including Gap, Balenciaga and…

Clorox recalls 37 million bottles of Pine-Sol that could contain bacteria

October 26, 2022 5:32 am CNN Newsource

By Jordan Valinsky, CNN Business Roughly 37 million bottles of Pine-Sol products have been recalled because they could contain a potentially harmful…

The US economy is expected to show robust growth in the third-quarter GDP report. Tesla became the sixth company in US history to be worth $1 trillion.

Don’t be fooled by a strong GDP report

October 26, 2022 4:15 am CNN

By Nicole Goodkind, CNN Business Imminent recession is the topic du jour. From Goldman Sachs to the IMF, analysts and economists seem to agree that…

Don’t be fooled by a strong GDP report

October 26, 2022 4:15 am CNN Newsource

By Nicole Goodkind, CNN Business Imminent recession is the topic du jour. From Goldman Sachs to the IMF, analysts and economists seem to agree that…

The UK government has delayed its budget

UK delays budget as new prime minister tries to fix ‘economic crisis’

October 26, 2022 4:13 am CNN Newsource

By Hanna Ziady and Julia Horowitz, CNN Business The UK government has delayed its budget by more than two weeks, buying new Prime Minister Rishi…

Aaron Donald and Jaylen Brown leave Kanye West’s Donda Sports agency

October 25, 2022 5:20 pm CNN Newsource

By Rob McLean, CNN Business Two high profile athletes are leaving Kanye West’s sports agency, Donda Sports, in the wake of the artist and…

You can still get a great return on inflation-protected bonds.

Don’t worry, you can still get a great return on these inflation-protected bonds

October 25, 2022 3:57 pm CNN

By Jeanne Sahadi, CNN Business There are few places to keep your cash these days that can protect your money from inflation. And while you might have…

Amazon driver found dead near truck after possible dog attack

October 25, 2022 2:22 pm CNN Newsource

By Skyler Hill and Rebekah Riess, CNN Business Authorities in Excelsior Springs, Missouri, have launched an investigation into the death of an Amazon…

Gap and Foot Locker remove all Yeezy merchandise

October 25, 2022 2:14 pm CNN Newsource

By Parija Kavilanz, CNN Business As the corporate backlash against Kanye West mounts, Gap has announced it is pulling the rapper’s Yeezy Gap…

Soaring inflation is throwing retirees’ budgets into chaos

October 25, 2022 2:00 pm CNN Newsource

By Gabe Cohen, CNN At the Senior Friendship Center in Sarasota, Florida, talking about inflation really strikes a chord. At a card table there, CNN…

Kanye West is seen on October 21 in Los Angeles

Kanye West’s ugly break-up with Adidas and Gap shows the risks of celebrity partnerships

October 25, 2022 12:25 pm CNN Newsource

By Nathaniel Meyersohn, CNN Business In 2013, Adidas struck a deal with Kanye West to create Yeezy-branded shoe and clothing collections for the…

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