Money Archives

Elon Musk donated $1.9 billion of Tesla stock to charity last year

February 15, 2023 8:34 am CNN Newsource

By Chris Isidore, CNN Tesla CEO Elon Musk gave 11.5 million shares of his stake in the electric automaker to an undisclosed charity last year, shares…

The bank's drop in profits was driven by increased provisions for bad debts and huge fines for wrongly sold securities in the United States.

Barclays shares plunge 10% as profit falls

February 15, 2023 7:06 am CNN Newsource

By Hanna Ziady, CNN Shares of Barclays tumbled nearly 10% Wednesday after the British bank reported a sharp drop in profit, driven by increased…

US group Cleveland Clinic will open its third London facility this autumn as demand for private health care booms in the United Kingdom.

Cleveland Clinic to open its third London facility as Brits flock to private health care

February 15, 2023 6:26 am CNN Newsource

By Hanna Ziady, CNN US group Cleveland Clinic will open its third London facility this autumn as demand for private health care booms in the United…

US retail sales surged in January. A shop holds a sidewalk sale

Retail sales jumped by 3% in January, the biggest gain in nearly two years

February 15, 2023 6:20 am CNN Newsource

By Alicia Wallace, CNN Last year Americans knocked out their holiday shopping early, leading to frigid sales during the typically bountiful November…

Numerous passengers queue in front of a Lufthansa information desk at Frankfurt Airport in Frankfurt

Lufthansa says flight operations ‘stabilizing’ after IT outage

February 15, 2023 5:55 am CNN Newsource

By Chris Liakos, Livvy Doherty and Anna Cooban, CNN German airline Lufthansa is ‘stabilizing’ its flight operations at Frankfurt airport…

Walmart on Tuesday forecast slower sales and profit growth as inflation takes its toll. Pictured is a Walmart store in Dunwoody

Walmart warns it’s in for a tough year

February 15, 2023 5:41 am CNN

By Nathaniel Meyersohn, CNN Walmart had a strong holiday shopping season, but the year ahead will be more challenging for America’s largest…

Tuesday Morning filed for Chapter 11 bankruptcy protection Tuesday.

Tuesday Morning files for bankruptcy

February 15, 2023 5:41 am CNN Newsource

By Nathaniel Meyersohn, CNN Tuesday Morning, the discount home goods retailer, filed for Chapter 11 bankruptcy protection Tuesday, its second…

Turkey's stock market soared Wednesday as the government steps in to boost stock buying after the earthquake. Pictured is earthquake damage in Hatay

Turkey’s stock market soars as government steps in after earthquake

February 15, 2023 5:30 am CNN Newsource

By Anna Cooban, CNN Turkey’s stock market soared Wednesday on the first day of trading after a suspension triggered by a devastating…

Olaplex sells hair products that dozens of customers allege caused "serious injury."

Olaplex sued for allegedly causing hair loss and bald spots

February 15, 2023 5:16 am CNN

By Jordan Valinsky, CNN Olaplex, a beauty brand favored by TikTok and Instagram influencers, sells hair products that dozens of customers allege…

Olaplex sued for allegedly causing hair loss and bald spots

February 15, 2023 5:16 am CNN Newsource

By Jordan Valinsky, CNN Olaplex, a beauty brand favored by TikTok and Instagram influencers, sells hair products that dozens of customers allege…

Elderly protest health insurance cuts in China’s Wuhan

February 15, 2023 5:04 am CNN Newsource

By Wayne Chang and Simone McCarthy, CNN A protest broke out in central China’s Wuhan on Wednesday as elderly residents showed their discontent…

The job market is making traders’ heads explode

February 15, 2023 4:40 am CNN Newsource

By Nicole Goodkind, CNN The labor market ballooned in January when the US economy added an astonishing 517,000 jobs, blowing past Wall Street’s…

Ukrainian servicemen walk past a destroyed building in Kupiansk

Can frozen Russian assets be used to rebuild Ukraine? The EU is considering it

February 15, 2023 3:12 am CNN Newsource

By James Frater and Alex Hardie, CNN The European Union is setting up a working group to examine whether frozen Russian assets can be used to rebuild…

Can frozen Russian assets be used to rebuild Ukraine? The EU is considering it

February 15, 2023 3:12 am CNN

By James Frater and Alex Hardie, CNN The European Union is setting up a working group to examine whether frozen Russian assets can be used to rebuild…

A public tender spelling out the details of a government land sale in the city's Kowloon district states that prospective buyers can be disqualified if they or their parent firms engage in activities that "endanger national security" or affect public order.

National security warning now a part of Hong Kong land sales

February 14, 2023 9:45 pm CNN Newsource

By Kathleen Magramo, CNN Hong Kong real estate is the most expensive in the world, but it wasn’t eye watering prices that took investors by…

Signage for the Newsmax conservative television broadcasting network is displayed at a broadcast TV booth at the National Rifle Association (NRA) annual meeting at the George R. Brown Convention Center

DirecTV blasts Newsmax for pushing ‘inaccurate and misleading’ attacks after the right-wing network was dropped

February 14, 2023 6:55 pm CNN

By Oliver Darcy, CNN All niceties have been thrown out the window as DirecTV finds itself ensnared in an ugly carriage dispute with Newsmax. The…

DirecTV blasts Newsmax for pushing ‘inaccurate and misleading’ attacks after the right-wing network was dropped

February 14, 2023 6:55 pm CNN Newsource

By Oliver Darcy, CNN All niceties have been thrown out the window as DirecTV finds itself ensnared in an ugly carriage dispute with Newsmax. The…

"We are experiencing the safest period in aviation history

FAA to conduct sweeping safety review after multiple incidents

February 14, 2023 4:35 pm CNN Newsource

By Gregory Wallace, CNN Citing a series of recent aviation safety incidents, the head of the Federal Aviation Administration has ordered a sweeping…

Ford uses Robotic Autonomous Guided Vehicles to move F-150 Lightning trucks from workstation to station.

Ford halts production of electric F-150 because of possible battery issue

February 14, 2023 12:07 pm CNN Newsource

By Peter Valdes-Dapena, CNN Business Ford has halted production of the top-selling electric pickup in America, the F-150 Lightning, because of a…

Many tourists are hunting for ways to keep costs down

As inflation jumps, tourists steer clear of high-end hotels

February 14, 2023 10:44 am CNN Newsource

By Julia Horowitz, CNN Travel on a budget is having a moment. After extended periods at home during the pandemic, people are eager to pack their…

Feeling ripped off on Valentine’s Day? Popular chocolate boxes look big, but have more plastic than ever

February 14, 2023 10:22 am CNN

By Parija Kavilanz, CNN Get ready for heartbreak in the candy aisle. As Valentine’s Day arrives, so does the annual frenzy to buy or gift the…

Feeling ripped off on Valentine’s Day? Popular chocolate boxes look big, but have more plastic than ever

February 14, 2023 10:22 am CNN Newsource

By Parija Kavilanz, CNN Get ready for heartbreak in the candy aisle. As Valentine’s Day arrives, so does the annual frenzy to buy or gift the…

As inflation jumps, tourists steer clear of high-end hotels

February 14, 2023 9:43 am CNN

By Julia Horowitz, CNN Travel on a budget is having a moment. After extended periods at home during the pandemic, people are eager to pack their…

Hyundai and Kia roll out a software patch that makes their cars harder to steal.

Hyundai and Kia roll out a software patch that makes cars harder to steal

February 14, 2023 9:30 am CNN Newsource

By Peter Valdes-Dapena, CNN Hyundai and Kia are offering a new free software patch to owners of 8.3 million vehicles that are so easy to steal that…

Gautam Adani was Asia's richest man before the Hindenburg report came out. Chairperson of Indian conglomerate Adani Group

India’s market regulator is looking into the explosive allegations against Adani Group

February 14, 2023 9:22 am CNN Newsource

By Swati Gupta and Olesya Dmitracova, CNN India’s market regulator is looking into the explosive allegations against Adani Group made by US…

Pepsi’s Peeps-flavored soda is back

February 14, 2023 9:10 am CNN Newsource

By Jordan Valinsky, CNN Business Pepsi is bringing back its Peeps-flavored soda, and this time it’s easier than an Easter egg hunt to find. For…

Air India will purchase more than 200 planes from Boeing. In this September 2020 photo

Boeing lands massive Air India order, but still loses out to Airbus

February 14, 2023 8:58 am CNN Newsource

By Chris Isidore and Nikki Carvajal, CNN Boeing announced one of the largest orders in its history Tuesday. But it was still topped by rival Airbus.…

Subway has reportedly begun exploring a sale which could value the sandwich chain at more than $10 billion

Subway is looking to sell itself

February 14, 2023 8:29 am CNN Newsource

By Jordan Valinsky, CNN Business Subway, one of the world’s most recognizable fast food brands, has confirmed it’s up for sale. The…

A deadly avian flu has constrained the national egg supply

Eggs are 70% more expensive than they were a year ago

February 14, 2023 7:40 am CNN Newsource

By Danielle Wiener-Bronner, CNN Egg prices are still going up — way up — in the grocery store. In January, egg prices rose 8.5% compared to the…

UK strikes hit a 30-year high as inflation erodes pay

February 14, 2023 6:45 am CNN Newsource

By Hanna Ziady, CNN The United Kingdom lost more working days to strikes in 2022 than in any year since 1989, as employees walked out in large…

Inflation was still hot in January. Gas prices are displayed at a 76 gas station on February 13

Inflation was still hot in January, but some prices are cooling off

February 14, 2023 5:34 am CNN Newsource

By Alicia Wallace, CNN Inflation surged in January by the most in three months, according to the latest Consumer Price Index released Tuesday. But…

Labor showdown is looming at NJ Transit. People here disembark from a NJ Transit commuter train on November 2

Labor showdown looming at NJ Transit, one of nation’s largest commuter railroads

February 14, 2023 5:19 am CNN Newsource

By Chris Isidore, CNN Business New Jersey Transit, one of the largest commuter rail services in the country, is now facing the same kind of labor…

Ford to cut 11% of its European workforce in EV push

February 14, 2023 4:47 am CNN Newsource

By Anna Cooban, CNN Ford has announced plans to axe 3,800 jobs across Europe, citing difficult economic conditions and its major push toward electric…

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

Why traders are so infatuated with inflation

February 14, 2023 3:29 am CNN Newsource

By Nicole Goodkind, CNN A Valentine’s Day surprise doesn’t usually include egg and gas prices, but the heart wants what the heart wants,…

New York's top financial regulator has ordered Paxos to stop issuing BUSD

US regulator orders crypto firm to stop minting Binance stablecoin

February 14, 2023 3:03 am CNN Newsource

By Michelle Toh, CNN New York’s top financial regulator has ordered a crypto company to stop minting a major stablecoin, widening a clampdown…

Police officers stand outside the BBC's office in New Delhi

Indian authorities raid BBC offices after broadcast of Modi documentary

February 14, 2023 2:05 am CNN Newsource

By Manveena Suri, Kunal Sehgal and Rhea Mogul, CNN Indian tax authorities raided the BBC’s offices in New Delhi and Mumbai on Tuesday, weeks…

Voice of Democracy, one of Cambodia’s last independent media outlets, has been shut down

February 13, 2023 11:25 pm CNN Newsource

By Heather Chen, CNN One of Cambodia’s last remaining independent media outlets has been shut down by Prime Minister Hun Sen ahead of national…

Skyy Moore of the Kansas City Chiefs celebrates after scoring on a 4 yard touchdown pass during the third quarter against the Philadelphia Eagles in Super Bowl LVII at State Farm Stadium on February 12 in Glendale

Fox scores Super Bowl ratings touchdown with 113 million viewers, the third most-watched TV program ever

February 13, 2023 7:25 pm CNN Newsource

By Oliver Darcy, CNN The Super Bowl delivered super ratings for Fox. The face off between the Philadelphia Eagles and Kansas City Chiefs, a nail…

4 big student loan forgiveness questions loom

February 13, 2023 4:45 pm CNN Newsource

Originally Published: 03 JAN 23 14:58 ETUpdated: 13 FEB 23 17:25 ETBy Katie Lobosco, CNN (CNN) — Federal student loan…

Ford to build battery plant in Michigan to tap into EV tax credits

February 13, 2023 11:15 am CNN Newsource

By Peter Valdes-Dapena, CNN Business Ford is investing $3.5 billion to build a battery plant in Michigan, a move that will help the automaker take…

Barney was a popular character with the preschool set in the 1990s and 2000s.

Barney the purple dinosaur is back and he has a new look

February 13, 2023 10:39 am CNN Newsource

By Paul R. La Monica, CNN Barney is back, and while Mattel has not yet officially confirmed it, we’re guessing he still loves you. Toy giant…

The US government says women’s underwear should cost more than men’s

February 13, 2023 10:51 am CNN Newsource

By Nicole Goodkind, CNN A new report about tariffs on underwear finds that when it comes to tax rates, women are getting shorts-changed. The average…

Supercore inflation refers to prices that rise when workers get paid more for their services.

This is the economic buzzword we should all be paying attention to

February 13, 2023 9:53 am CNN Newsource

By Christine Romans, CNN Chief Business Correspondent If “transitory” was the buzzword for inflation watchers in 2021, this year…

New retirement law increases tax-free savings options

February 13, 2023 9:52 am CNN Newsource

By Jeanne Sahadi, CNN Secure 2.0, the new retirement rules that lawmakers passed in late December, includes several provisions that will make the…

The Ram 1500 Rev has distinct headlights and taillights from other Ram pickups.

Ram reveals its electric truck and it looks just like the gas truck

February 13, 2023 9:10 am CNN Newsource

By Peter Valdes-Dapena, CNN Business Ram revealed the production version of its electric pickup in a Super Bowl commercial, and it turns out that it…

Ram reveals its electric truck and it looks just like the gas truck

February 13, 2023 9:10 am CNN

By Peter Valdes-Dapena, CNN Business Ram revealed the production version of its electric pickup in a Super Bowl commercial, and it turns out that it…

The Internal Revenue Service said Friday that many 2022 special state payments are not subject to federal tax.

IRS says many 2022 special state payments are not subject to federal tax

February 13, 2023 7:37 am CNN Newsource

By Jeanne Sahadi, CNN The Internal Revenue Service has good news for millions of taxpayers in 17 states who received a one-time special state payment…

IRS says many 2022 special state payments are not subject to federal tax

February 13, 2023 7:37 am CNN

By Jeanne Sahadi, CNN The Internal Revenue Service has good news for millions of taxpayers in 17 states who received a one-time special state payment…

Everyone seems to be in a bit of a debt bind at the moment.

Are we on the brink of a corporate credit crisis?

February 13, 2023 5:32 am CNN Newsource

By Nicole Goodkind, CNN Everyone seems to be in a bit of a debt bind at the moment: The US government has run out of credit to spend, high inflation…

Mars Wrigley is fined after two workers fell into a tank of chocolate at its Pennsylvania factory last June. This image shows first responders at the Mars Wrigley plant in Elizabethtown in June after the incident.

Mars Wrigley fined after two workers fell into a tank of chocolate

February 13, 2023 3:29 am CNN Newsource

By Anna Cooban, CNN US regulators have fined Mars Wrigley, the maker of Snickers and Skittles, after two workers fell into a tank of chocolate at its…

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