Southwest is set to return to profitability
By Chris Isidore, CNN Business Southwest Airlines posted a first-quarter loss, but the company said that will be the last time it loses money for…
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Meta earnings and the metric Wall Street is obsessing over
By Julia Horowitz, CNN Business Every quarter, investors on Wall Street parse earnings for intel on how much money a company brings in and the size…
Continue ReadingThe US economy shrank in the first quarter
By Anneken Tappe, CNN Business America’s economy unexpectedly shrank in the first quarter of 2022, data from the Bureau of Economic Analysis…
Continue ReadingPeople in Beijing can now book a taxi with no one at the wheel
By Michelle Toh, CNN Business For the first time in China, people will be able to get a taxi ride without anyone behind the wheel. Baidu and…
Continue ReadingSamsung profits soar 50% on chip sales
By Michelle Toh, CNN Business Samsung reported strong results on Thursday, with profits for the first quarter climbing more than 50% compared to the…
Continue ReadingFord just reported a $3.1 billion loss. Blame Rivian
By Chris Isidore, CNN Business In the days after its November IPO, electric truck maker Rivian was briefly one of the world’s most valuable…
Continue ReadingMeta stock jumps nearly 20% despite mixed results
By Clare Duffy, CNN Business Meta’s first earnings of 2022 may have largely fallen short of expectations, but that hasn’t really dampened…
Continue ReadingMajor tech antitrust bill gets backing of US Commerce Department
By Brian Fung, CNN Business The Commerce Department backed a key legislative proposal aimed at forcing tech giants such as Facebook and Google to…
Continue ReadingMajor tech antitrust bill gets backing of US Commerce Department
By Brian Fung, CNN Business The Commerce Department backed a key legislative proposal aimed at forcing tech giants such as Facebook and Google to…
Continue ReadingVenmo owner PayPal is one of the worst stocks of 2022
By Paul R. La Monica, CNN Business Sending money to pay for things via Venmo may be all the rage among smartphone-addicted millennials and Gen Zers.…
Continue ReadingHigher food and energy prices could last ‘for years,’ World Bank warns
By Matt Egan, CNN Business Russia’s invasion of Ukraine has contributed to an historic shock to commodity markets that will keep global prices…
Continue ReadingJoe Rogan caused some artists to leave Spotify. But not paying customers
By Frank Pallotta, CNN Business Earlier this year, Spotify found itself embroiled in a controversy sparked by one of its most notable podcast hosts,…
Continue ReadingApple will now sell you parts to fix your own iPhone
By Catherine Thorbecke, CNN Business Apple has officially opened its self service repair store, which provides manuals and parts for users seeking…
Continue ReadingInvestment firm head arrested on charges of multibillion-dollar fraud and racketeering
By Matt Egan, Kara Scannell and Mark Morales, CNN Federal agents arrested Archegos Capital Management founder Sung Kook “Bill” Hwang on…
Continue Reading7 things you’re wasting money on
By Beth Braverman With inflation pushing the price of just about everything higher, it’s more important than ever to keep track of how…
Continue ReadingSpaceX mission arrives at ISS with first Black woman to join space station crew
By Jackie Wattles, CNN Business A SpaceX capsule carrying four astronauts — including the first Black woman to join the International Space Station…
Continue ReadingBoeing delays its newest jet as losses soar
By Chris Isidore, CNN Business The bad news keeps piling up for Boeing. The company is delaying the debut of its newest passenger jet to 2025, and it…
Continue ReadingWalmart is giving some customers 10 cents off every gallon of gas
By Jordan Valinsky, CNN Business Members of Walmart’s discount program will get a bit of relief at the gas pump. Beginning Wednesday, Walmart+…
Continue ReadingSorry, crypto fans. Gold is still the real hedge in times of uncertainty
By Paul R. La Monica, CNN Business It looks like bitcoin and other cryptocurrencies may not be digital gold after all. Bitcoin prices are down more…
Continue ReadingWhy tech stocks are bleeding right now
By Julia Horowitz, CNN Business The tech-heavy Nasdaq Composite was a huge beneficiary of the stock market’s epic recovery from the pandemic.…
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