Money Archives – Page 2 of 100

The Phillips 66 Los Angeles Refinery Wilmington Plant stands beyond a residential street on November 28 in Wilmington

US oil plunges below $75 for first time since just before Christmas

December 6, 2022 11:57 AM CNN Newsource

By Matt Egan, CNN Business Oil prices have tumbled to their lowest level of the year as worries about the health of the economy overshadow concerns…

BuzzFeed slashes 12% of its workforce, citing ‘worsening macroeconomic conditions’

December 6, 2022 10:06 AM CNN Newsource

By Oliver Darcy, CNN BuzzFeed on Tuesday said it would lay off approximately 12% of its staff, making the digital news and entertainment conglomerate…

GameStop is expected to report a quarterly loss of $84 million and sales growth of just 4.5% from a year ago

Meme stock mania may finally be over

December 6, 2022 9:43 AM CNN Newsource

By Paul R. La Monica, CNN Business It’s time to sing a requiem for a meme. Meme stocks, that is. Companies that attracted rabid followings from…

Walmart chief Doug McMillon says Inflation is falling on discretionary merchandise just in time for the holidays

Walmart CEO: Inflation on toys, clothing and sports equipment is easing

December 6, 2022 9:02 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Finally, shoppers are getting some good news about prices: Inflation is falling on discretionary merchandise…

US trade deficit edged up to $78.2 billion in October

December 6, 2022 5:44 AM CNN Newsource

By Chris Isidore, CNN Business The US trade gap edged only slightly higher in October than the month before, to $78.2 billion. The latest reading was…

McDonald’s franchisee violated child labor laws, investigation finds

December 6, 2022 6:56 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business A McDonald’s franchise operator has violated child labor laws, according to an investigation by the…

A worker on the Ford F-150 Lightning production line at the Ford Motor Co. Rouge Electric Vehicle Center in Dearborn

‘Not how you treat friends.’ Biden’s climate plan strains trade ties with Europe

December 6, 2022 6:46 AM CNN Newsource

By Anna Cooban, CNN Business The world’s biggest economic relationship has hit a rough patch. The European Union and United States — together…

Philadelphia's plant-based cream cheese is available in the Southeast.

Philadelphia is launching a plant-based cream cheese

December 6, 2022 5:53 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business Philadelphia Cream Cheese is launching a non-dairy version of its signature spread. The plant-based cream…

Taiwan Semiconductor Manufacturing Company

TSMC ups its Arizona chipmaking investment to $40 billion ahead of Biden’s visit

December 6, 2022 5:32 AM CNN Newsource

By Jordan Valinsky, CNN Business Taiwan Semiconductor Manufacturing Company is upping its investment in the United States, announcing Tuesday that…

Goldman Sachs analysts warns that the upcoming debt limit battle in Washington could spark the most uncertainty since the disruptive 2011 debates that cost America its perfect AAA credit score and caused chaos on Wall Street.

The last time the US faced a debt fight this bad it lost its AAA rating

December 6, 2022 5:12 AM CNN Newsource

By Nicole Goodkind, CNN Business Democrats and Republicans in Congress are gearing up for yet another political showdown over raising the…

Shein tells suppliers to end long working days at factories by end of the month

December 6, 2022 4:41 AM CNN Newsource

By Juliana Liu, CNN Business Chinese fast fashion retailer Shein, the subject of recent controversy around alleged labor rights abuses, says it plans…

Renewable energy sources such as wind and solar could overtake coal as the world's biggest source of power by 2025.

The world will gain enough renewable energy in 5 years to power China, says IEA

December 6, 2022 4:32 AM CNN Newsource

By Hanna Ziady, CNN Business Global renewable power capacity is set to grow as much in the next five years as it has over the past two decades, as…

Ifeoma Ozoma worked with California state senator Connie Leyva

This former tech worker is helping change laws for people who get laid off

December 6, 2022 2:51 AM CNN

By Faith Karimi, CNN Ifeoma Ozoma’s path as an advocate for tech workers started with a series of tweets one morning in June 2020. It was a few…

This former tech worker is helping change laws for people who get laid off

December 6, 2022 2:51 AM CNN Newsource

By Faith Karimi, CNN Ifeoma Ozoma’s path as an advocate for tech workers started with a series of tweets one morning in June 2020. It was a few…

Al Jazeera says it will submit a case to the International Criminal Court over the killing of journalist Shireen Abu Akleh

Al Jazeera submits Shireen Abu Akleh case to ICC

December 6, 2022 2:47 AM CNN Newsource

By Abeer Salman, Hadas Gold, Alex Stambaugh and Teele Rebane, CNN Al Jazeera has submitted a case to the International Criminal Court (ICC) over the…

Rupert Murdoch set to be deposed in Dominion’s $1.6 billion defamation case

December 5, 2022 3:38 PM CNN Newsource

By Oliver Darcy, CNN Business Rupert Murdoch, the Fox Corporation chairman, is set to be deposed next week in Dominion Voting System’s $1.6…

Slower hiring. Weaker spending. And softer growth. That's what America's CEOs are bracing for as the economy heads into 2023 facing a series of obstacles. Shoppers are pictured here in San Francisco on November 29.

CEO economic outlook tumbles to two-year low

December 5, 2022 2:37 PM CNN Newsource

By Matt Egan, CNN Slower hiring. Weaker spending. And softer growth. That’s what America’s CEOs are bracing for as the economy heads into…

The Laundress recalled millions of units of its detergents and cleaning products because of possible bacterial contamination.

8 million cleaning products recalled over bacteria exposure risk

December 5, 2022 1:18 PM CNN Newsource

By Parija Kavilanz, CNN Business The Laundress brand of detergent and household cleaning products has recalled about eight million products because…

Nike cuts ties with Kyrie Irving

December 5, 2022 12:18 PM CNN Newsource

By Kevin Dotson, CNN Nike cut ties with Brooklyn Nets guard Kyrie Irving Monday. The move comes after Irving posted a Twitter link to a documentary…

Hertz will pay $168 million to settle 364 claims related to the company falsely reporting rental cars as stolen. Vehicles sit parked at a Hertz Global Holdings Inc. rental location in Charlotte

Hertz settles lawsuits over hundreds of alleged false arrests

December 5, 2022 11:23 AM CNN Newsource

By Peter Valdes-Dapena, CNN Business Hertz will pay $168 million to settle 364 claims related to the company falsely reporting rental cars as stolen.…