Dow sinks more than 300 points on strong jobs reports
By Nicole Goodkind, CNN Business The Dow fell more than 300 points on Thursday as strong jobs data spooked investors. A number of reports this week…
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Oil and Turkish stocks were 2022 market winners. Russia funds and crypto tanked
By Paul R. La Monica, CNN Oil stocks skyrocketed in 2022, so it’s no surprise funds that track the energy sector were Wall Street winners this…
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Exclusive: $4 gas could return as soon as May, GasBuddy projects
By Matt Egan, CNN Business Gas prices will probably be significantly cheaper overall next year. Yet the national average could still climb back above…
Continue Reading Exclusive: $4 gas could return as soon as May, GasBuddy projects
By Matt Egan, CNN Business Gas prices will probably be significantly cheaper overall next year. Yet the national average could still climb back above…
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China adds billions to its 2021 GDP estimate, but its economy is facing a big test this year
By Laura He, CNN China’s gross domestic product (GDP) for 2021 was over half a trillion yuan more than initially calculated, official data…
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Ruble hits 8-month low against dollar, as falling oil prices and sanctions bite
By Clare Sebastian, CNN Russia’s currency hit an eight-month low Thursday, adding to sharp declines in December as global oil prices fell, and…
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Ukraine’s Zelensky seeks Indian Prime Minister Modi’s help with peace plan
By Rhea Mogul, CNN Ukrainian President Volodymyr Zelensky said Monday he was relying on India’s help to implement a “peace formula”…
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Americans spent like crazy during the holidays because of high inflation
By Clare Duffy, CNN Americans upped their spending during this year’s holiday season, as inflation forced consumers to shell out more for…
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From the McRib to the Choco Taco, here are 6 foods we lost in 2022
By Jordan Valinsky, CNN Business 2022 marked a return to the basics for many of America’s largest food companies. That left some fan favorites…
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China to scrap quarantine for inbound travelers in major step toward reopening
By Yong Xiong, Xiaofei Xu and Nectar Gan, CNN China will drop quarantine requirements for international arrivals from January 8, in a major step…
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Business partners turn on Sam Bankman-Fried
By Allison Morrow, CNN The stunning collapse of one of crypto’s most prominent firms has quickly morphed into a legal battle pitting former…
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Winter weather turns last-minute Christmas gifts into New Year’s presents
By David Goldman, CNN Business In some parts of snow-buried America, last-minute Christmas gifts are turning into early New Year’s presents. A…
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Beware the ‘pig butchering’ crypto scam sweeping across America
By Josh Campbell, CNN The FBI says America has a “pig butchering” problem. And it’s costing victims millions of dollars.…
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Mike Sievert of T-Mobile is the CNN Business CEO of the Year
By Paul R. La Monica, CNN Investors saw a lot of red in 2022. But a company known for its magenta logo was a stock market darling this year. Shares…
Continue Reading Mike Sievert of T-Mobile is the CNN Business CEO of the Year
By Paul R. La Monica, CNN Investors saw a lot of red in 2022. But a company known for its magenta logo was a stock market darling this year. Shares…
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China’s Covid surge hits factories and consumer market
By Laura He, CNN China’s economy is under severe strain as a wave of Covid cases sweeps across the country. Since the world’s second…
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How personal injury lawyers took over your TV
By Nathaniel Meyersohn, CNN Drive down any highway in America or turn on the TV for 10 minutes and you’ll probably see an advertisement for a…
Continue Reading How personal injury lawyers took over your TV
By Nathaniel Meyersohn, CNN Drive down any highway in America or turn on the TV for 10 minutes and you’ll probably see an advertisement for a…
Continue ReadingElon Musk has lost a bigger fortune than anyone in history
By David Goldman, CNN Elon Musk’s wealth destruction has become historic. The CEO of Tesla, SpaceX and Twitter is worth $137 billion, according…
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Brutal winter storm creates continuing chaos for flights, holiday packages
By Danielle Wiener-Bronner and Rebekah Riess, CNN Flight delays continued Saturday, interrupting travel during the busy holiday season as parts of…
Continue Reading Brutal winter storm creates continuing chaos for flights, holiday packages
By Danielle Wiener-Bronner and Rebekah Riess, CNN Flight delays continued Saturday, interrupting travel during the busy holiday season as parts of…
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Elon Musk’s Twitter obsession isn’t the core reason for Tesla stock’s plunge
By Chris Isidore, CNN A popular misconception has emerged about Elon Musk and Tesla: The megabillionaire’s love affair with Twitter is the main…
Continue ReadingSamsung recalls more than 660,000 washing machines after fire hazard reports
By Ramishah Maruf, CNN Samsung recalled more than 660,000 washing machines, warning customers that the machine could short-circuit and overheat,…
Continue ReadingBugatti is auctioning off its last purely gas-powered car and it’s accidentally one-of-a-kind
By Peter Valdes-Dapena, CNN Business Bugatti will sell its very last purely gas-powered supercar at a Paris auction on February 1, 2023. The…
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New home sales rose in November, defying expectations
By Anna Bahney, CNN Business New home sales were up in November from the month before, even as prices remained elevated and buyers faced some of the…
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89 post offices closed as massive winter storm disrupts last-minute holiday deliveries
By Chris Isidore, CNN If you’re hoping that your last-minute Christmas gift will arrive on time, you may be out of luck. Amazon, the US Postal…
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Good news on inflation: The Fed’s favorite gauge shows price increases are moderating
By Alicia Wallace, CNN The trend is clear: Inflation is cooling off in America. The Federal Reserve’s preferred measurement of inflation showed…
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UK wages next year will be at their lowest level since 2006, report says
By Hanna Ziady, CNN Brits hoping for a new-year salary bump to offset soaring food and energy costs may be disappointed. The average British…
Continue ReadingThe best food marketing stunts of the year
By Danielle Wiener-Bronner, CNN Comically oversized snack foods. A cocktail infused with processed cheese. And a fine dining establishment for feline…
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Pigs are the latest casualty of Germany’s energy crisis
By Inke Kappeler, Xiaofei Xu and Anna Cooban, CNN Pig herds in Germany have shrunk to a record low as producers battle soaring input costs, adding to…
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Companies are reining in holiday bonuses
By Alicia Wallace, CNN Last year, bonuses were bountiful. This year, economic uncertainty is bringing a chill to the holiday-season perk, according…
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Sam Bankman-Fried released on $250 million bond after appearing in a US court
By Kara Scannell, CNN Sam Bankman-Fried, the disgraced founder of crypto exchange FTX, appeared in a US courtroom in New York Thursday to face eight…
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It’s freezing. Cranking up the heat is going to cost you
By Matt Egan, CNN The “once-in-a-generation” winter storm sweeping across the nation will force Americans to crank up the heat at a time…
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Dow sinks after the US economy grew much faster than previously thought in the third quarter
By Chris Isidore and Alicia Wallace, CNN The Dow sank as America’s economy grew much faster than previously thought in the third quarter, a…
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NFL Sunday Ticket is leaving DirecTV and heading to YouTube TV
By Nathaniel Meyersohn, CNN The popular NFL Sunday Ticket package is leaving DirectTV and heading to YouTube TV. The NFL announced the partnership…
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America needs immigrants to solve its labor shortage
By Vanessa Yurkevich, CNN Immigration has long been a political football in the United States. But If you’re wondering why America’s…
Continue Reading America needs immigrants to solve its labor shortage
By Vanessa Yurkevich, CNN Immigration has long been a political football in the United States. But If you’re wondering why America’s…
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Thursday flight cancellations top 2,400 nationwide, disrupting holiday travel
Greg Wallace, Paul P. Murphy, and Carol Alvarado, CNN Snow, rain, ice, wind and frigid temperatures are disrupting air travel plans across the United…
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India on alert for new variants as Covid wave sweeps China
By Swati Gupta and Rhea Mogul, CNN India’s health minister has advised the public to take precautions against Covid-19, including getting…
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Big bonuses, extreme rationing: How Covid-hit China is coping with its drugs shortage
By Laura He and Cheng Cheng, CNN The abrupt shift in China’s Covid policy has left its people and health facilities ill-prepared to deal with a…
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Caroline Ellison, former Alameda chief, and Gary Wang, FTX cofounder, each pleaded guilty to multiple charges and are cooperating with feds
By Kara Scannell and Matt Egan, CNN Two senior executives associated with collapsed crypto exchange FTX have pleaded guilty to multiple criminal…
Continue Reading Thursday flight cancellations top 2,400 nationwide, disrupting holiday travel
Greg Wallace, Paul P. Murphy, and Carol Alvarado, CNN Snow, rain, ice, wind and frigid temperatures are disrupting air travel plans across the United…
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Tesla ‘full self-driving’ triggered an eight-car crash, a driver tells police
By Matt McFarland, CNN A driver told authorities that their Tesla’s “full-self-driving” software braked unexpectedly and triggered…
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Takeaways from the House committee’s report on Trump taxes
By Jeanne Sahadi, Katie Lobosco and David Goldman, CNN It will take time for lawmakers and the public to digest the trove of documents relating to…
Continue ReadingSanta’s house has soared 12% in value over the past year, Zillow says
By Jordan Valinsky, CNN Business Even Santa’s fictional house is going up in price. Zillow said Kris Kringle’s 3-bedroom, 2-bathroom…
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50 states sign up for Walmart’s opioid settlement framework
By Jordan Valinsky, CNN Business Walmart said it has reached settlement agreements with all 50 US states as part of a $3.1 billion nationwide opioid…
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Dow surges thanks to strong earnings and confident consumers
By Paul R. La Monica, CNN Here comes the Santa Claus market rally. Stocks surged Wednesday as investors cheered healthy results from two of…
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Sam Bankman-Fried will be extradited to the US tonight, Bahamas AG says
By Kara Scannell, Patrick Oppmann and Allison Morrow, CNN Sam Bankman-Fried will be extradited to the United States Wednesday night, Bahamas Attorney…
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Consumer confidence improves in December, a hopeful sign for the economy
By Alicia Wallace, CNN American consumers’ confidence in the US economy grew in December as high inflation continued to ease, according to data…
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Home sales continued to drop in November
By Anna Bahney, CNN Business Home sales in the United States declined for the 10th month in a row in November as surging mortgage rates topped 7% and…
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