Reality is setting in for GameStop stock
By Paul R. La Monica, CNN Business Billionaire Ryan Cohen profited big when he briefly invested in struggling retailer Bed Bath & Beyond and…
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Cineworld, the world’s second largest movie theater chain, files for bankruptcy
By Frank Pallotta, CNN Business Cineworld Group — the world’s second largest movie theater chain and owner of Regal Cinemas — said…
Continue ReadingMajor League Baseball players union joins the AFL-CIO
By Chris Isidore, CNN Business The Major League Baseball Players Association is joining the AFL-CIO, the nation’s largest labor federation that…
Continue ReadingThe British pound hasn’t been this weak since Margaret Thatcher was prime minister
By David Goldman, CNN Business The British pound fell to a 37-year low against the US dollar Wednesday as the United Kingdom grapples with a series…
Continue ReadingTesla’s ‘full self-driving’ isn’t worth $15,000, say many who bought it
By Matt McFarland, CNN Business Tesla’s price for the feature it calls “full self-driving” has increased again. This time to…
Continue ReadingThe UK is preparing a huge energy bailout that could cost $172 billion
By Anna Cooban, CNN Business The United Kingdom’s new prime minister is reportedly preparing to commit as much as £150 billion ($172 billion)…
Continue ReadingBillionaire: The Fed won’t say it out loud, but it really wants a higher unemployment rate
By Matt Egan, CNN Business For many years after the Great Recession, the Federal Reserve did everything in its power to lower the unemployment rate.…
Continue ReadingKim Kardashian’s next gig: Wall Street investor
By Jordan Valinsky, CNN Business Kim Kardashian is entering the world of private equity. She’s partnering with Jay Sammons, a former executive…
Continue ReadingSerena Williams’ farewell match smashes ESPN ratings records
By Jordan Valinsky, CNN Business Serena Williams’ loss last week at the US Open, likely her final match, made history for ESPN. The roughly…
Continue ReadingWater is in short supply. Markets should pay attention
By Nicole Goodkind, CNN Business The world is in desperate need of water. Drought and increasing temperatures have threatened to impact nearly every…
Continue ReadingAs China’s economy slows, one industry is seeing record profits: Covid testing
By Laura He, CNN Business China’s zero-Covid strategy of endless testing and lockdowns has hammered its economy and taken a toll on company…
Continue ReadingBillionaire Herb Kohler, heir to faucet fortune, dies at 83
By Alexandra Peers, CNN Business Herb Kohler, Jr., the former head of his family’s namesake global plumbing empire, died Saturday at the age of…
Continue ReadingThe problem that should be keeping Liz Truss awake at night
By Julia Horowitz, CNN Business Liz Truss has a lot on her plate. The United Kingdom is heading for a recession. Workers are going on strike as…
Continue ReadingHow do you like them Apples? Stock could get an iPhone 14 pop
By Paul R. La Monica, CNN Business Apple’s stock has been a lemon this year. Shares are down more than 10% so far in 2022, and Apple is trading…
Continue ReadingHow California ended up in the zero-emissions driver’s seat
By Peter Valdes-Dapena, CNN Business California’s powerful Air Resources Board recently passed new regulations that essentially require all…
Continue ReadingBed Bath & Beyond shares are down sharply after CFO jumps to his death
By Jordan Valinsky, CNN Business Shares of Bed Bath & Beyond is down nearly 20% in midday trading following the death of its one its top…
Continue ReadingTrump media company faces looming deadline to keep deal alive
By Matt Egan The controversial deal to take former President Donald Trump’s social media platform public faces a crucial deadline this week to…
Continue ReadingIt’s not just you. Tommy Bahama beach chairs are everywhere
By Nathaniel Meyersohn, CNN Business Heading to the beach this Labor Day weekend? Chances are you’ll see Tommy Bahama-branded chairs, umbrellas…
Continue ReadingMarilyn Loden, a workplace advocate who popularized the term ‘glass ceiling,’ dies at 76
By Scottie Andrew, CNN When Marilyn Loden first used the phrase “glass ceiling” at a women’s business conference in 1978, she…
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New Space Warfighting Center in Colorado Springs to bring 250 new jobs
COLORADO SPRINGS, Colo. (KRDO) — The Aerospace Corporation held a ribbon-cutting celebration Tuesday to unveil its new Space Warfighting Center…
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