Money Archives

UK Prime Minister Liz Truss (right) has removed her finance minister Kwasi Kwarteng amid widespread speculation that she's getting ready to ditch a big part of her discredited economic strategy. Truss and Kwarteng (left) are seen here in Birmingham

Liz Truss ditches another big tax cut and fires her finance minister

October 14, 2022 1:59 am CNN Newsource

By Julia Horowitz, Luke McGee and Mark Thompson, CNN Business UK Prime Minister Liz Truss has fired finance minister Kwasi Kwarteng and ditched a big…

Indian health authorities have halted production at Maiden Pharmaceuticals Ltd.

India halts production of cough syrups suspected of links to child deaths

October 13, 2022 9:46 pm CNN Newsource

By Swati Gupta, Manveena Suri, Rhea Mogul and Heather Chen, CNN Indian health authorities have halted production at a pharmaceutical company in New…

Protestors disrupt the start of a Los Angeles City Council meeting on October 12 in Los Angeles. On October 6

Behind the bombshells: How the LA Times used secret recordings to expose racism at the highest levels of city government

October 13, 2022 6:13 pm CNN

By Oliver Darcy, CNN Business Last Thursday, at precisely 5:29pm Pacific Time, a mysterious Twitter account with the handle @LAunionLaundry posted…

High levels of toxic chemical found in sports bras, watchdog warns

October 13, 2022 6:34 am CNN Newsource

By Parija Kavilanz, CNN Business New testing on a variety of popular branded sports bras and athletic wear has revealed high levels of BPA, a…

How much will Sandy Hook parents actually get from Alex Jones?

October 13, 2022 11:04 am CNN Newsource

By Chris Isidore, CNN Business Alex Jones owes $965 million to eight family members of Sandy Hook shooting victims and a first responder. But it is…

U.S. consumer prices increase more than expected in September. People here shop for groceries in Riverside

Surging prices show the Fed must continue its tough battle against inflation

October 13, 2022 5:34 am CNN Newsource

By Alicia Wallace, CNN Business A key inflation report showed consumer prices came in hotter than expected in September, punishing Americans and…

A Connecticut jury awarded Sandy Hook families a staggering nearly $1 billion in damages. Infowars founder Alex Jones here speaks to the media outside the courtroom in Waterbury

Alex Jones’ conspiracy empire hangs in the balance after jury’s nearly $1 billion award to Sandy Hook families

October 13, 2022 9:36 am CNN

By Oliver Darcy, CNN Business Judgment Day arrived on Wednesday for Alex Jones — and he said that it felt like he landed in Hell. “This must…

Alex Jones’ conspiracy empire hangs in the balance after jury’s nearly $1 billion award to Sandy Hook families

October 13, 2022 9:36 am CNN Newsource

By Oliver Darcy, CNN Business Judgment Day arrived on Wednesday for Alex Jones — and he said that it felt like he landed in Hell. “This must…

Series I savings bond from TreasuryDirect.gov. offers a nearly 10% return for the next several months.

Last chance to lock in a nearly 10% return on your savings

October 13, 2022 9:25 am CNN Newsource

By Jeanne Sahadi, CNN Business Inflation is soaring, markets are down and savings rates are still very low. But there’s one investment that…

UK postal workers begin holiday season strikes. Royal Mail's workers are seen at the main entrance of Wolverhampton Royal Mail Centre.

More than 100,000 UK postal workers begin holiday season strikes

October 13, 2022 9:00 am CNN Newsource

By Anna Cooban, CNN Business Postal workers in the United Kingdom are walking out during the busiest period of the year to demand higher pay as…

Food prices are still surging . Pictured is a supermarket in Washington

Food prices are still surging — here’s what’s getting more expensive

October 13, 2022 7:43 am CNN Newsource

By Nathaniel Meyersohn, CNN Business Prices at the grocery store continued to soar last month, adding even more pressure to shoppers’ wallets.…

Opinion: It’s time for employers to stop caring so much about college degrees

October 13, 2022 8:17 am CNN Newsource

Opinion by Ryan Roslansky and Byron Auguste for CNN Business Perspectives The urgent business case for finding new ways of hiring has never been…

Mortgage rates rose again -- moving closer to 7%. Pictured are homes in Morgan Hill

Mortgage rates hit 20-year high

October 13, 2022 7:00 am CNN Newsource

By Anna Bahney, CNN After taking a breather last week, mortgage rates rose again — moving even closer to 7%. The 30-year fixed-rate mortgage…

Most workers can expect to see premiums and out-of-pocket costs increase in 2023 due to inflation

Americans have largely avoided health care inflation so far — but that’s about to change

October 13, 2022 7:28 am CNN Newsource

By Tami Luhby, CNN Although Americans have been paying a lot more at the pump and the supermarket this year, they have largely been spared from price…

Latest inflation data shows Americans continue to be punished by rising prices

October 13, 2022 5:34 am CNN

By Alicia Wallace, CNN Business American consumers continue to be punished by high prices, despite lower gas costs and unprecedented action from the…

Weather forces delay for NASA astronauts returning from space station on SpaceX capsule

October 13, 2022 5:26 am CNN Newsource

By Jackie Wattles, CNN Four astronauts are scheduled to return home from the International Space Station this week, capping off a nearly six-month…

Big bank earnings are coming Friday. Traders are seen here at the New York Stock Exchange in New York

How to read big bank earnings

October 13, 2022 4:57 am CNN Newsource

By Nicole Goodkind, CNN Business If market swings tell us anything, it’s that investors are rattled by economic uncertainty. The outlook…

Oil pipelines sit on the quayside beside the Arabian Sea in Saudi Aramco's Ras Tanura oil refinery and oil terminal in Ras Tanura

OPEC could tip the world economy into recession, warns IEA

October 13, 2022 4:50 am CNN Newsource

By Hanna Ziady, CNN Business Western governments are furious after OPEC+ decided last week to slash oil production by the largest amount since the…

How much will Sandy Hook parents actually get from Alex Jones?

October 12, 2022 10:02 pm CNN

By Chris Isidore, CNN Business Alex Jones owes $965 million to eight family members of Sandy Hook shooting victims and a first responder. But it is…

OPEC could tip the world economy into recession, warns IEA

October 12, 2022 2:25 pm CNN

By Hanna Ziady, CNN Business Western governments are furious after OPEC+ decided last week to slash oil production by the largest amount since the…

A jury has reached a decision on how much talk show host Alex Jones should pay eight families of Sandy Hook Elementary School shooting victims and one first responder. Jones is seen here on September 21 in Waterbury

Jury decides conspiracy theorist Alex Jones should pay nearly $1 billion in damages to Sandy Hook families for his lies about the school massacre

October 12, 2022 1:26 pm CNN

By Oliver Darcy, CNN Business Far-right talk show host Alex Jones should pay eight families of Sandy Hook Elementary School shooting victims and one…

Budweiser’s Clydesdale herd grows by two

October 12, 2022 1:20 pm CNN Newsource

By Jordan Valinsky, CNN Business The family of Budweiser Clydesdales is growing. Warm Springs Ranch in Missouri, which breeds the iconic horses,…

Jury decides conspiracy theorist Alex Jones should pay nearly $1 billion in damages to Sandy Hook families for his lies about the school massacre

October 12, 2022 12:09 pm CNN Newsource

By Oliver Darcy, CNN Business Far-right talk show host Alex Jones should pay eight families of Sandy Hook Elementary School shooting victims and one…

Corey Carlson of Anderson Fuel fills a house with home heating oil which has risen to over $5.00 a gallon on March 8 in Scituate

Heating costs forecast to soar this winter

October 12, 2022 11:50 am CNN Newsource

By Chris Isidore, CNN Business No matter how you heat your home, the cost of that heat is likely to soar, according to a forecast Wednesday from the…

The 2024 Chevy Trax is GM’s new take on its cheapest SUV

October 12, 2022 11:26 am CNN Newsource

By Peter Valdes-Dapena, CNN Business General Motors unveiled a new, slightly bigger redesigned version of its cheapest entry-level SUV, the Trax. The…

Saudis aren’t weaponizing oil like Americans claim, top official says

October 12, 2022 10:07 am CNN Newsource

By Joshua Berlinger, CNN Saudi Minister of State for Foreign Affairs Adel al-Jubeir said his country partnered with Russia to slash oil production in…

Saudis aren’t weaponizing oil like Americans claim, top official says

October 12, 2022 10:07 am CNN

By Joshua Berlinger, CNN Saudi Minister of State for Foreign Affairs Adel al-Jubeir said his country partnered with Russia to slash oil production in…

Flanked by Vice Chairs of the Board of Governors of the Federal Reserve Lael Brainard and Michael Barr

The Fed only cares about inflation. That’s bad news for you

October 12, 2022 9:19 am CNN Newsource

By Paul R. La Monica, CNN Business Jerome Powell and other members of the Federal Reserve are obsessed with choking off inflation once and for all,…

CVS will drops prices on its tampons and will pay the 'pink tax.' Pictured a CVS Pharmacy store in San Francisco

CVS drops prices on its tampons and will pay the ‘pink tax’

October 12, 2022 9:07 am CNN Newsource

By Nathaniel Meyersohn, CNN Business CVS will reduce prices on its store-branded menstrual products nationwide and pay the sales taxes on those…

A tweet about Tesla has piqued the interest of a European car safety organization. Pictured is a Tesla Model S during a Tesla event in Palo Alto

A tweet launched an investigation into Tesla’s Autopilot software

October 12, 2022 8:10 am CNN Newsource

By Matt McFarland, CNN Business Green, an influential Twitter account with a track record of revealing insights about Tesla from software analysis,…

Workers from TotalEnergies and Esso ExxonMobil protest outside Esso refinery in Fos-Sur-Mer

France tries to break oil refinery strike as drivers line up for gas

October 12, 2022 6:58 am CNN Newsource

By Hanna Ziady, CNN Business The French government has ordered staff at an ExxonMobil refinery to return to work, taking the extraordinary measure…

A key measure of inflation increased faster than expected in September. Pictured is a Ford production line in Dearborn

This key inflation measure shows prices rose faster than expected last month

October 12, 2022 6:16 am CNN Newsource

By Chris Isidore, CNN Business A key measure of inflation increased faster than expected in September, raising concerns that the Federal…

The Children’s Place just went full grown-up

October 12, 2022 6:00 am CNN Newsource

By Parija Kavilanz, CNN Business Let’s admit it: Adults have basically been dressing like kids these past two years — opting for comfy PJs,…

Subway says it's hitting record sales. Pictured is a Subway Restaurant in New York

Subway, offering a rare glimpse at its finances, says it’s hitting record sales

October 12, 2022 5:41 am CNN Newsource

By Jordan Valinsky, CNN Business Subway says its most extensive menu makeover in the company’s nearly 60-year history is paying off. Sales at…

Starbucks customers can now earn Delta SkyMiles

October 12, 2022 5:01 am CNN Newsource

By Jordan Valinsky, CNN Business Starbucks customers can now earn more than just “stars” for their purchases. Beginning Wednesday, the…

A vendor makes change at the 79th St. Greenmarket on the Upper West Side of Manhattan

Markets are worried the Fed is going too far

October 12, 2022 4:44 am CNN Newsource

By Nicole Goodkind, CNN Business A closely watched measure of inflation in the United States is expected to tick higher in September even as the…

Markets are worried the Fed is going too far

October 12, 2022 4:44 am CNN

By Nicole Goodkind, CNN Business A closely watched measure of inflation in the United States is expected to tick higher in September even as the…

Meta calls out news outlet, says it published stories based on fabricated documents

October 11, 2022 8:25 pm CNN Newsource

By Oliver Darcy, CNN Business It is not unusual for Meta to aggressively push back on articles. And it’s not unusual for publications to stand…

This Canadian community just unveiled a statue dedicated to … Cheeto dust

October 11, 2022 10:38 pm CNN

By Zoe Sottile, CNN The bright orange, sticky residue that Cheetos leave on your fingertips has now been immortalized — by a 17-foot statue in…

Alleged rapist and his mother set teenage girl on fire after learning she was pregnant, Indian police say

October 11, 2022 10:00 pm CNN Newsource

By Rhea Mogul, Swati Gupta and Manveena Suri, CNN A 15-year-old girl is being treated at a hospital in northern India after she was allegedly set on…

Meta calls out news outlet, says it published stories based on fabricated documents

October 11, 2022 8:55 pm CNN

By Oliver Darcy, CNN Business It is not unusual for Meta to aggressively push back on articles. And it’s not unusual for publications to stand…

Elon Musk denies claim he spoke to Vladimir Putin about the war in Ukraine

October 11, 2022 7:47 pm CNN Newsource

By Natasha Bertrand and Jessie Yeung, CNN Tesla CEO Elon Musk has denied a claim that he spoke directly to Russian President Vladimir Putin in recent…

United States Senator Richard Blumenthal

Saudi Arabia and OPEC risk causing a US recession, Sen. Blumenthal says

October 11, 2022 3:51 pm CNN Newsource

By Matt Egan, CNN OPEC and its allies have defended their decision to slash oil production by arguing they are trying to prepare for a potential…

A food delivery man is pictured in Times Square in Manhattan on March 17

Proposed labor rule could give millions of gig workers employee status

October 11, 2022 10:31 am CNN Newsource

By Vanessa Yurkevich, CNN The Biden administration is proposing a new labor rule that could classify millions of gig workers as employees — a move…

Stocks are up modestly so far on Tuesday. Traders work on the floor at the New York Stock Exchange

Don’t worry, there’s still hope for the stock market

October 11, 2022 8:56 am CNN

By Paul R. La Monica, CNN Business The back-to-back, huge market rallies of last week may seem like a distant memory to investors after stocks slid…

Don’t worry, there’s still hope for the stock market

October 11, 2022 8:56 am CNN Newsource

By Paul R. La Monica, CNN Business The back-to-back, huge market rallies of last week may seem like a distant memory to investors after stocks slid…

Honda and LG are spending $3.5 billion to build a battery factory in Ohio

October 11, 2022 7:51 am CNN Newsource

By Peter Valdes-Dapena, CNN Business Honda and South Korean battery maker LG Energy Solutions are investing $3.5 billion to build a joint venture…

A powerboat lies atop a pile of debris two days after the passage of Hurricane Ian

Tens of thousands likely jobless after Hurricane Ian, economists say

October 11, 2022 7:43 am CNN Newsource

Martha C. White for CNN Business Hurricane Ian’s devastating impact will be felt for weeks and months to come, especially in the state of…

Tens of thousands likely jobless after Hurricane Ian, economists say

October 11, 2022 7:43 am CNN

Martha C. White for CNN Business Hurricane Ian’s devastating impact will be felt for weeks and months to come, especially in the state of…

Traders work on the floor of the New York Stock Exchange (NYSE) on October 07

Markets won’t go back to normal until the Fed stops hiking rates

October 11, 2022 4:43 am CNN Newsource

By Nicole Goodkind, CNN Business Stocks lost ground again on Monday following a turbulent week that saw market volatility at its bumpiest level since…

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