Why stock investors are suddenly so scared
By Nicole Goodkind, CNN New York (CNN) — Many investors are running a sizable profit this year – the S&P 500 is about 14% higher in…
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New Chick-fil-A creation may spark another sandwich war
By Carly Breland, CNN (CNN) — Chick-fil-A’s first foray into the chicken sandwich wars was so successful that it’s launching a second…
Continue ReadingSpam donates 5 truckloads of beloved canned meat in response to Maui fire
By Chris Boyette, CNN (CNN) — The makers of Spam, saying that their “special relationship with the Hawaiian community spans decades,” have…
Continue ReadingChina’s ‘Lehman moment?’ Big investment firm misses payments
By Laura He and Mengchen Zhang, CNN Hong Kong/Beijing (CNN) — A major Chinese investment trust has missed payments to corporate investors,…
Continue ReadingBitcoin price on the skids as investors pull $1 billion from crypto
By Anna Cooban, CNN London (CNN) — The price of bitcoin has dropped nearly 9% since early Thursday as part of a broader sell-off of risky…
Continue ReadingWhy Maui’s rebuilding effort will be so expensive
By Chris Isidore, CNN New York (CNN) — Beyond the devastating human toll from the recent wildfires on Maui, there will be a financial cost far…
Continue ReadingH&M will ‘phase out’ operations in Myanmar after more worker abuse allegations
By Livvy Doherty and Michelle Toh, CNN London/Hong Kong (CNN) — H&M has decided to stop operating in Myanmar following an increase in…
Continue ReadingFord reveals 800 horsepower Mustang with $300,000 price tag
By Peter Valdes-Dapena, CNN (CNN) — Ford has just unveiled the 800-horsepower Ford Mustang GTD which will be available in late 2024 or early…
Continue ReadingChina’s Evergrande files for bankruptcy
CNN By Samantha Delouya, CNN (CNN) — China’s Evergrande Group — once the country’s second-largest property developer — filed for…
Continue ReadingPublishers see dramatic drop in Facebook referral traffic as the social platform signals exit from news business
By Oliver Darcy, CNN (CNN) — Facebook is shunning the news business in the US. The Meta-owned company has quietly made changes in recent months…
Continue ReadingLyft and Uber say they will leave Minneapolis if the mayor signs a minimum wage bill for drivers
WCCO By Jennifer Henderson and Ramishah Maruf, CNN New York (CNN) — Lyft and Uber threatened to stop doing business in Minneapolis after the…
Continue ReadingLyft and Uber say they could leave Minneapolis if the mayor signs a minimum wage bill for drivers
By Jennifer Henderson and Ramishah Maruf, CNN New York (CNN) — Lyft and Uber threatened to stop doing business in Minneapolis after the city…
Continue ReadingChina’s Evergrande files for bankruptcy
By Samantha Delouya, CNN (CNN) — China’s Evergrande Group — once the country’s second-largest property developer — filed for bankruptcy…
Continue ReadingDanny Meyer closes two restaurants in a New York hotel that was converted into a migrant shelter
By Ellie Stevens, CNN (CNN) — Prominent restaurateur and Shake Shack founder Danny Meyer announced he will be closing two New York City…
Continue ReadingAmerica’s richest 10% are responsible for 40% of its planet-heating pollution, new report finds
By Laura Paddison, CNN (CNN) — America’s wealthiest people are also some of the world’s biggest polluters – not only because of their…
Continue ReadingHawaiian Electric stock plummets as lawsuits mount and talk of restructuring grows
CNN By Nicole Goodkind, CNN New York (CNN) — Shares of Hawaiian Electric Industries tumbled more than 20% on Thursday following a report that…
Continue ReadingHawaiian Electric stock plummets as lawsuits mount and talk of restructuring grows
By Nicole Goodkind, CNN New York (CNN) — Shares of Hawaiian Electric Industries tumbled more than 20% on Thursday following a report that the…
Continue ReadingThis Vietnamese automaker is worth more than Ford and GM. But it hasn’t sold many cars
By Peter Valdes-Dapena, CNN (CNN) — Vietnamese electric vehicle company Vinfast is already more valuable than Ford (F) and GM (GM), based on…
Continue ReadingStarbucks must pay another $2.7 million to employee who said she was fired for being White
By Danielle Wiener-Bronner, CNN New York (CNN) — A New Jersey court ordered Starbucks to pay an additional $2.7 million to a former employee…
Continue ReadingMortgage rates soar to their highest level in 21 years
By Anna Bahney, CNN Washington, DC (CNN) — US mortgage rates surged this week, rising to their highest level in 21 years. The 30-year…
Continue ReadingTrader Joe’s says it’s not adding self-checkout lines to its stores
By Jordan Valinsky, CNN Business New York (CNN) — Self-checkout kiosks are invading several chains, like Target and Kroger. However, shoppers…
Continue ReadingBlue Shield California ditches CVS for Amazon and Mark Cuban’s drug company
By Tami Luhby and Jordan Valinsky, CNN New York (CNN) — A major California health insurer is shaking up the prescription drug pricing system as…
Continue ReadingAs gas prices hit 10-month highs, Citi warns major hurricanes could ‘massively’ disrupt supplies
By Matt Egan, CNN (CNN) — A bad hurricane season could cost Americans at the gas pump. Gas prices climbed to an average of $3.88 a gallon…
Continue ReadingFirst on CNN: Taylor Swift’s Eras tour could become the highest grossing tour of all time
By Krystal Hur and Bryan Mena, CNN New York (CNN Business) — Taylor Swift’s era-defining “Eras” tour is flying like a jet stream, high…
Continue ReadingPro-Wagner accounts keep showing up on Facebook and Instagram after Meta’s ban on the mercenary group, report shows
By Brian Fung and Sean Lyngaas, CNN (CNN) — A network of dozens of accounts on Facebook and Instagram have been promoting Russia’s Wagner…
Continue ReadingFears of predatory land grabs mount in the ashes of Maui, opening old wounds
By Catherine Thorbecke, CNN (CNN) — The threat of predatory outsiders swooping in to buy up property under the ashes of Maui is sparking…
Continue ReadingTime is running out to file claims for Facebook’s $725 million data privacy settlement
By Clare Duffy and Jeanne Sahadi, CNN New York (CNN) — Anyone in the United States who had a Facebook account in the past 16 years has roughly…
Continue ReadingWalmart is up. Target is down. Here’s why
By Nathaniel Meyersohn, CNN New York (CNN) — Target and Home Depot are slumping. But more shoppers are heading to Walmart for groceries and…
Continue ReadingBurger King follows McDonald’s in cutting tomatoes from its India menu
By Tara Subramaniam (CNN) — Tomatoes are off the menu in India as Burger King becomes the latest fast food chain to be impacted by rising…
Continue ReadingIntel calls off $5.4 billion chip deal after failing to get regulatory approval
By Michelle Toh, CNN Hong Kong (CNN) — Intel has pulled out of a major acquisition of an Israeli chipmaker after failing to obtain the required…
Continue ReadingThe average 401(k) balance is up 39% in the past decade, Fidelity says
By Jeanne Sahadi, CNN New York (CNN) — The second quarter of this year was a good one for retirement savers, according to a new analysis from…
Continue ReadingPublisher of raided Kansas newspaper ‘vindicated’ by prosecutor’s decision to return seized items after backlash
By Oliver Darcy, CNN (CNN) — The Marion County Record has been “vindicated.” That is what the weekly newspaper’s publisher, Eric Meyer,…
Continue ReadingMore than 1.5 million dehumidifiers recalled for fire and burn hazards
By Ramishah Maruf, CNN (CNN) — Chinese home appliance manufacturer Gree is recalling 1.56 million humidifiers for fire and burn hazards,…
Continue ReadingTwo brands suspend advertising on X after their ads appeared next to pro-Nazi content
By Clare Duffy and Brian Fung, CNN New York (CNN) — At least two brands have said they will suspend advertising on X, the platform formerly…
Continue ReadingThe world shed 3.5 million millionaires in 2022 as market losses drained wealth at the top
By Allison Morrow, CNN New York (CNN) — Last year, as interest rates rose and inflation stayed stubbornly high, total household wealth declined…
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‘Barbie’ tops ‘The Dark Knight’ to become Warner Bros.’ biggest movie ever at the American box office
By Jordan Valinsky, CNN New York (CNN) — “Barbie,” which has broken numerous box office records since its July 21 opening, just broke another.…
Continue ReadingFed officials fretted US inflation might not cool further unless economy slows down
By Bryan Mena, CNN Washington, DC (CNN) — Federal Reserve officials were wary that inflation would slow further unless the US economy and labor…
Continue ReadingAldi is buying 400 Winn-Dixie and Harveys supermarkets
By Ramishah Maruf, CNN New York (CNN) — Grocery shoppers in the Southeast can expect to see more Aldi stores starting 2024. The German…
Continue ReadingSnapchat users freak out over AI bot that had a mind of its own
By Samantha Murphy Kelly, CNN Business (CNN) — Snapchat users were alarmed on Tuesday night when the platform’s artificial intelligence…
Continue ReadingCoinbase wins approval to offer crypto futures in the US
By Allison Morrow, CNN New York (CNN) — Coinbase has won a crucial regulatory approval that will allow the platform to provide US-based…
Continue ReadingUS home builders ramped up construction in July, beating expectations
By Anna Bahney, CNN Washington, DC (CNN) — US home building increased in July, rising 3.9% from June, as low inventory in the existing home…
Continue Reading27 Boston Market restaurants ordered closed in New Jersey for unpaid wages
By Jordan Valinsky, CNN New York (CNN) — New Jersey ordered more than two dozen Boston Market locations to close Tuesday because regulators…
Continue ReadingBanking glitch allows customers to withdraw money they don’t have
By Hafsa Khalil, CNN (CNN) — A technical fault meant that for several hours Tuesday customers of one of Ireland’s biggest banks could…
Continue Reading‘Ho-hum holiday’ spending expected as shoppers deal with economic cross-currents
By Parija Kavilanz, CNN New York (CNN) — US consumers, trapped in a web of conflicting signals on the health of the economy and how it impacts…
Continue ReadingIllinois passes a law that requires parents to compensate child influencers
By Samantha Murphy Kelly, CNN (CNN) — When 16-year-old Shreya Nallamothu from Normal, Illinois, scrolled through social media platforms to pass…
Continue ReadingHomeowners are tapping into their home equity to get cash
By Anna Bahney, CNN Washington, DC (CNN) — With home values remaining strong across the country, Americans are tapping into their home equity…
Continue ReadingPride Month backlash hurt Target’s sales. They fell for the first time in six years
By Nathaniel Meyersohn, CNN New York (CNN) — Target’s quarterly sales fell for the first time in six years as consumers pulled back on…
Continue ReadingFirst on CNN: Some of America’s poorest communities are landing clean energy projects worth billions
By Matt Egan, CNN New York (CNN) — Rural Mingo County, West Virginia, is one of America’s poorest counties. Nearly one-third of its residents…
Continue ReadingUK inflation slows to 6.8% but services are getting even more expensive
By Hanna Ziady, CNN London (CNN) — UK inflation eased to a 17-month low in July, official data showed Wednesday, though it also revealed that…
Continue ReadingA Vietnamese electric carmaker is now worth more than Volkswagen and Ford
By Michelle Toh, CNN Hong Kong (CNN) — One of Vietnam’s biggest automakers has made a big splash on its entry to Wall Street, pushing its…
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