Money Archives

Federal Reserve Chairman Jerome Powell conceded that the Federal Reserve's aggressive interest rate hikes won't solve two of the biggest problems facing families: high prices for gas and groceries.

Elizabeth Warren to Fed chair Jerome Powell: Don’t ‘drive this economy off a cliff’

June 22, 2022 8:37 am CNN Newsource

By Matt Egan for CNN Business Fed Chairman Jerome Powell conceded that the Federal Reserve’s aggressive interest rate hikes won’t solve…

FedEx shows how to boost a stock in two simple steps

June 22, 2022 8:05 am CNN Newsource

By Paul R. La Monica, CNN Business Who says pleasing fickle investors on Wall Street is hard? FedEx delivered its biggest daily stock jump since the…

Beyoncé’s new song is an anthem for the Great Resignation

June 22, 2022 5:03 am CNN

Lucy Bayly, CNN Business Federal Reserve Chairman Jerome Powell wants to increase joblessness in the US in order to save the economy. But Beyoncé…

Higher Ground — Barack and Michelle Obama's production company — signed an exclusive multi-year first-look production deal with Audible

Barack and Michelle Obama ink deal with Amazon’s Audible

June 22, 2022 5:41 am CNN Newsource

By Frank Pallotta, CNN Business The Obamas are heading to Audible. Higher Ground — Barack and Michelle Obama’s production company — signed…

After two years of enduring masks and quarantines

Opinion: Airlines are facing pressure from all directions

June 22, 2022 5:29 am CNN Newsource

Opinion by Tom Stalnaker, Khalid Usman and Andrew Buchanan for CNN Business Perspectives After two years of enduring masks, social distancing and…

The red-hot housing market is starting to show signs of cooling off. Prices have spiked to levels unaffordable for many prospective buyers

Could a housing slump threaten the stock market and the entire economy?

June 22, 2022 4:29 am CNN Newsource

By Paul R. La Monica, CNN Business The red-hot housing market is starting to show signs of cooling off. Prices have spiked to levels unaffordable for…

Wheat down payments and free hogs: How Chinese developers are trying to sell homes

June 22, 2022 2:36 am CNN Newsource

By Laura He, CNN Business Some Chinese property developers are going to extreme lengths to attract buyers. From accepting grain or garlic as part…

Flood affected people queue in knee-deep flood waters to collect food relief following heavy monsoon rainfalls in Sunamganj district

Millions affected after deadly floods hit India and Bangladesh

June 22, 2022 12:15 am CNN Newsource

By Swati Gupta and Rhea Mogul, CNN Millions of people across India and Bangladesh have been affected by raging floods and landslides that left more…

Pictured are cargo containers stacked at a port in Qingdao

Ex-Trump adviser calls for lifting Trump tariffs on China

June 21, 2022 4:22 pm CNN

By Matt Egan, CNN Business Former Trump economic official Gary Cohn is in favor of President Joe Biden lifting some Trump-era tariffs imposed on…

Corporate America is ‘disappointed’ in the Fed for getting inflation wrong, Gary Cohn tells CNN

June 21, 2022 4:22 pm CNN Newsource

by Matt Egan, CNN Corporate America is frustrated with the Federal Reserve for waiting too long to attack inflation, according to former Trump…

Cars are seen on the assembly line during a tour of the Tesla Giga Texas manufacturing facility ahead of the "Cyber Rodeo" grand opening party on April 7 in Austin

Elon Musk: Tesla is cutting salaried staff now, but its total workforce will grow this year

June 21, 2022 3:13 pm CNN Newsource

by Chris Isidore Tesla is moving ahead with plans to layoff about 10% of its salaried staff, CEO Elon Musk said Tuesday. But he also expects the…

Beyoncé’s new song is an anthem for the Great Resignation

June 21, 2022 10:26 am CNN Newsource

Lucy Bayly, CNN Business Federal Reserve Chairman Jerome Powell wants to increase joblessness in the US in order to save the economy. But Beyoncé…

US stocks roared back on June 21 in the first day of trading since the market's worst week since March 2020.

Dow jumps 600 points as stocks bounce back from worst week in over two years

June 21, 2022 6:50 am CNN Newsource

By Nicole Goodkind, CNN Business US stocks roared back Tuesday in the first day of trading since last week’s selloff. The Dow closed up 641…

Stephen Colbert explains staff arrests at Capitol: ‘This was first-degree puppetry’

June 21, 2022 8:17 am CNN

By Frank Pallotta, CNN Business “How was your weekend? I certainly had an interesting one because some of my staff had a memorable one.”…

Stephen Colbert explains staff arrests at Capitol: ‘This was first-degree puppetry’

June 21, 2022 8:17 am CNN Newsource

By Frank Pallotta, CNN Business “How was your weekend? I certainly had an interesting one because some of my staff had a memorable one.”…

What to do when a job interview question leaves you stumped

June 21, 2022 7:55 am CNN Newsource

By Kathryn Vasel, CNN Business You’re in the middle of a job interview, a question comes your way and you’ve got… nothing. It…

One of Elon Musk's children has petitioned a California court to recognize her new name and gender

Elon Musk’s child tells court she no longer wants ‘to be related’ to her dad

June 21, 2022 7:26 am CNN

By Chris Isidore, CNN Business One of Elon Musk’s children has petitioned a California court to recognize her new name and gender, saying she…

Elon Musk’s child tells court she no longer wants ‘to be related’ to her dad

June 21, 2022 7:26 am CNN Newsource

By Chris Isidore, CNN Business One of Elon Musk’s children has petitioned a California court to recognize her new name and gender, saying she…

General Motors' electric delivery van subsidiary

GM delivers 150 electric vans to FedEx

June 21, 2022 5:24 am CNN Newsource

By Peter Valdes-Dapena, CNN Business General Motors’ electric delivery van subsidiary, BrightDrop, has delivered 150 vans to FedEx, the…

Rail strikes and labor shortages are hurting UK economy

June 21, 2022 4:26 am CNN

By Anna Cooban, CNN Business The United Kingdom has a jobs problem. There just aren’t enough workers to keep its economy moving forward, and…

If you're nervous about the stock market

The stock market sell-off could be just getting started

June 21, 2022 3:52 am CNN Newsource

By David Goldman, CNN Business If you’re nervous about the stock market, you’ve got good reason to be: Central banks around the globe are…

Changes to your next 401(k) statement could be alarming, but don’t panic just yet

June 21, 2022 3:47 am CNN Newsource

By Nicole Goodkind, CNN Business Your next 401(k) statement could come with a very worrisome surprise. Retirement plan holders typically receive…

Rail strikes and labor shortages are hurting UK economy

June 21, 2022 2:27 am CNN Newsource

By Anna Cooban, CNN Business The United Kingdom has a jobs problem. There just aren’t enough workers to keep its economy moving forward, and…

There’s a new way to eat Krispy Kreme’s glazed donuts

June 20, 2022 9:01 pm CNN Newsource

By Jordan Valinsky, CNN Business Krispy Kreme’s signature glazed doughnuts are now being served in an new way: Creamy ice cream.…

Air travel is returning to normal Monday after several days of widespread flight cancellations due to weather and staffing issues

Flights returning to normal after difficult holiday weekend

June 20, 2022 8:22 am CNN Newsource

By Chris Isidore, CNN Business Air travel is returning to normal Monday after several days of widespread flight cancellations due to weather and…

The White House has kept the door open to a windfall profit tax on Big Oil but economist Mark Zandi is warning such a move could backfire.

Some Democrats want to tax Big Oil’s windfall. This economist says it could backfire

June 20, 2022 3:42 pm CNN Newsource

By Matt Egan, CNN The White House has kept the door open to a windfall profit tax on Big Oil but economist Mark Zandi is warning such a move could…

A box of Tampax Pearl tampons are seen on a shelf at a store in Washington

Tampon shortage: Instacart says it’s struggling to fulfill orders

June 20, 2022 11:59 am CNN Newsource

By Parija Kavilanz, CNN Business Tampons are in short supply and the global supply chain once again is to blame for causing a shortage of a consumer…

For young people still trying to establish their careers

5 savings mistakes people make when building their financial life

June 20, 2022 8:49 am CNN Newsource

By Kunyi Yang The road to financial independence is not easy, and usually requires patience and diligence early on. For young people still trying to…

A man celebrates the end of the Wadi Zalaga annual camel race by shooting with a rifle in Sinai

Libya’s oil industry is in disarray right when the world needs it more than ever

June 20, 2022 7:14 am CNN Newsource

Nadeen Ebrahim Libya was thrust back into the spotlight last week when it announced that it is pumping a million fewer barrels of oil than it did…

Construction workers pass planks of wood during the construction of new apartments in Monterey Park

The dream of owning a home is out of reach for 4 million Americans

June 20, 2022 7:08 am CNN

By Alicia Wallace, CNN Business The record run-up in home prices and rents exacerbated the affordable housing crisis in the US, and rising interest…

After more than a year of soaring demand

5 signs the housing market is starting to slow down

June 20, 2022 7:08 am CNN Newsource

By Anna Bahney, CNN Business There is a shift happening in the housing market. After more than a year of soaring demand, exploding home prices and…

A Conference Board survey of workers from September 2021 found that more than three-quarters of US respondents reported stress and burnout as big challenges to being at work

Opinion: The case for the four-day workweek

June 20, 2022 5:37 am CNN Newsource

Opinion by Joe O’Connor and Juliet Schor for CNN Business Perspectives It’s now well recognized how difficult the pandemic has been for…

Delays caused by a flood of cargo last year continue to create widespread shortages of goods throughout the economy and added to inflationary pressures

Already strained supply chain at risk in ongoing port labor talks

June 20, 2022 4:19 am CNN Newsource

By Chris Isidore, CNN Business More tieups at West Coast ports are just about the last thing the US economy needs right now. Delays caused by a flood…

Already strained supply chain at risk in ongoing port labor talks

June 20, 2022 4:19 am CNN

By Chris Isidore, CNN Business More tieups at West Coast ports are just about the last thing the US economy needs right now. Delays caused by a flood…

Macao shuts most businesses as Covid cases surge, but casinos stay open

June 20, 2022 3:29 am CNN Newsource

Story by Reuters and Jessie Yeung, CNN Macao, the world’s biggest gambling hub, began its second day of mass Covid-19 testing on Monday after…

Crypto industry fears contagion as bitcoin slips back under $20,000

June 19, 2022 7:38 pm CNN Newsource

By Reuters The cryptocurrency industry was on edge on Monday as bitcoin struggled to stay above a key level, with investors fearing that problems at…

An RV driver heads into the U.S. from Canada after passing through the Peace Arch border crossing Monday

$900 fill-up: High gas prices hit RV drivers more than most

June 19, 2022 11:38 am CNN Newsource

By Matt McFarland, CNN Business Gas prices may be skyrocketing, but Americans still love their RVs despite the fact that they often get 10 mpg — or…

Behind the Associated Press’ decision to appoint a democracy editor: ‘This is a very crucial beat’

June 19, 2022 11:14 am CNN Newsource

By Clare Duffy, CNN Business Last week, the Associated Press announced the creation of an unusual new position: a democracy editor. Tom Verdin — a…

Behind the Associated Press’ decision to appoint a democracy editor: ‘This is a very crucial beat’

June 19, 2022 11:14 am CNN

By Clare Duffy, CNN Business Last week, the Associated Press announced the creation of an unusual new position: a democracy editor. Tom Verdin — a…

An anonymous bidder paid a record-breaking $19 million for a private steak lunch with legendary investor Warren Buffet

Someone paid $19 million for a steak lunch with Warren Buffett

June 19, 2022 10:21 am CNN Newsource

By Zoe Sottile, CNN There really is no such thing as a free lunch. An anonymous bidder paid a record-breaking $19 million for a private steak lunch…

Average US gas price dips below $5 a gallon

June 19, 2022 9:41 am CNN Newsource

By Chris Isidore, CNN Business US drivers got a slight — very slight — break on prices this weekend as the AAA average for a gallon of unleaded…

Pixar’s ‘Lightyear’ fizzles at the box office

June 19, 2022 8:57 am CNN

By Frank Pallotta, CNN Business “Lightyear” wasn’t able to get enough buzz at the box office this weekend. The latest film from…

Pixar’s ‘Lightyear’ fizzles at the box office

June 19, 2022 8:57 am CNN Newsource

By Frank Pallotta, CNN Business “Lightyear” wasn’t able to get enough buzz at the box office this weekend. The latest film from…

Germany to fire up coal stations as Russia squeezes gas supply

June 19, 2022 8:30 am CNN Newsource

By Inke Kappeler and Tara John, CNN Germany must reduce natural gas consumption and increase the burning of coal in order to help fill gas storage…

Black households own about 2.9% of wealth in the US

Opinion: The Black-White homeownership gap is wider than it was in the ’60s. Here’s how to close it

June 19, 2022 5:25 am CNN

Opinion by Jonathan Reckford and Lisa Rice for CNN Business Perspectives It is ironic and fitting that every June, our nation recognizes both…

Opinion: The Black-White homeownership gap is wider than it was in the ’60s. Here’s how to close it

June 19, 2022 5:25 am CNN Newsource

Opinion by Jonathan Reckford and Lisa Rice for CNN Business Perspectives It is ironic and fitting that every June, our nation recognizes both…

The Federal Reserve passes the buck on inflation

June 19, 2022 4:37 am CNN Newsource

By Nicole Goodkind, CNN Business The mission of the Federal Reserve is to foster the stability of US monetary systems. It’s the reason the…

Mark Shields, political analyst on CNN and PBS ‘NewsHour,’ dies at 85

June 18, 2022 5:20 pm CNN Newsource

By Brian Stelter and Nicole Goodkind, CNN Mark Shields, the political sage and longtime analyst for CNN and PBS, died Saturday morning at the age of…

Mark Shields, political analyst on CNN and PBS ‘NewsHour,’ dies at 85

June 18, 2022 5:20 pm CNN

By Brian Stelter and Nicole Goodkind, CNN Mark Shields, the political sage and longtime analyst for CNN and PBS, died Saturday morning at the age of…

The Friday before Juneteenth clocked in as the most popular air travel day of 2022

The most popular air travel day this year was a mess. That won’t change anytime soon

June 18, 2022 2:38 pm CNN Newsource

By Nicole Goodkind, CNN Business Americans gained a new federal holiday last year: Juneteenth. This year the holiday, which commemorates of the end…

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