Money Archives

Why the Fed may be able to wind down emergency stimulus without making investors panic

November 3, 2021 4:39 AM CNN Newssource

By Paul R. La Monica, CNN Business Stocks continue to hit new all-time highs even as the Federal Reserve prepares to pull back on some of the…

Here’s what this year’s Starbucks holiday cups look like

November 3, 2021 3:42 AM CNN Newssource

By Jordan Valinsky, CNN Business It wouldn’t officially be the holiday season without Starbucks’ festive cups. And this year,…

The Chinese version of the hit video game "Fortnite" is shutting down in November.

‘Fortnite’ is shutting down in China

November 3, 2021 2:39 AM CNN Newssource

By Wayne Chang and Jill Disis, CNN Business The Chinese version of hit video game “Fortnite” is shutting down this month. The game…

Africa is coming under huge pressure from developed countries to abandon fossil fuels and shift to renewable energy in order to help save the climate.

Nigeria is oil rich and energy poor. It can’t wait around for cheaper batteries

November 3, 2021 2:32 AM CNN Newssource

By Hanna Ziady, CNN Business Should Nigeria’s natural riches remain in the ground? Africa’s biggest economy has 206 million people,…

ByteDance founder Yiming Zhang steps down as chairman

November 2, 2021 11:52 PM CNN Newssource

By Michelle Toh, CNN Business ByteDance co-founder Yiming Zhang has stepped down as the company’s chairman and left the board, according to a…

FILE - Members of the United Auto Workers strike outside of a John Deere plant

Autoworkers at John Deere will remain on strike after voting down another tentative deal

November 2, 2021 10:35 PM CNN Newssource

By Chris Isidore, CNN Business More than 10,000 members of the United Auto Workers union will stay on strike against farm and construction equipment…

Bed Bath & Beyond will sell some of its bedding

Bed Bath & Beyond will sell its home and baby stuff at…Kroger

November 2, 2021 5:26 PM CNN Newssource

By Nathaniel Meyersohn, CNN Business Attempting to adapt in retail can create some strange bedfellows. Like homegoods’ chains and supermarkets.…

Democrats want to tax stock buybacks to help pay for President Joe Biden's $1.75 trillion spending plan. Billionaire investor Charlie Munger isn't happy about it.

Billionaire investor: Democrats’ plan to tax stock buybacks is ‘literally insane’

November 2, 2021 5:19 PM CNN Newssource

By Matt Egan, CNN Business Democrats want to tax stock buybacks to help pay for President Joe Biden’s $1.75 trillion spending plan. Billionaire…

Zillow is getting out of the iBuying business and will shut down its Zillow Offers division

Zillow to exit its home buying business, cut 25% of staff

November 2, 2021 3:36 PM CNN Newssource

By Anna Bahney, CNN Business Zillow is getting out of the iBuying business and will shut down its Zillow Offers division, resulting in a 25%…

Voters in Colorado Springs School District 11 decide on Issue 4B for school upgrades

November 2, 2021 3:12 PM Scott Harrison

COLORADO SPRINGS, Colo. (KRDO) — UPDATE — As of Wednesday morning, Issue 4B failed by a narrow margin of 704 votes. The latest result shows 40,512…

The Dow Jones Industrial Average closed above the 36

Dow closes above 36,000 for the first time

November 2, 2021 2:30 PM CNN Newssource

By Paul R. La Monica, CNN Business The Dow Jones Industrial Average closed above the 36,000 mark for the first time Tuesday following a gain of about…

Facebook said it plans to delete the data it had gathered through its use of this software

Facebook is shutting down its facial recognition software

November 2, 2021 12:13 PM CNN Newssource

By Rachel Metz, CNN Business Facebook said Tuesday it plans to stop using facial-recognition software that could automatically recognize people in…

Big Tech television ads paint a rosy picture of a problematic industry

November 2, 2021 10:48 AM CNN Newssource

By Kerry Flynn, CNN Business Facebook launched a television ad series recently that does not showcase any product for sale or new feature on its…

The Justice Department is suing to block Penguin Random House's proposed acquisition of Simon & Schuster

Justice Department sues to stop Penguin Random House’s purchase of Simon & Schuster

November 2, 2021 10:41 AM CNN Newssource

By Brian Stelter, CNN Business The Justice Department is suing to block Penguin Random House’s proposed acquisition of Simon & Schuster,…

White Castle has plans to roll out Flippy 2 in up to 10 of its 360 total restaurants. Flippy is seen frying fries.

White Castle thinks a robot can make better french fries

November 2, 2021 10:16 AM CNN Newssource

By Danielle Wiener-Bronner, CNN Business It’s harder than you might think to deliver french fries that aren’t too crispy or soggy. Just…

Quentin Tarantino announced on November 2 that he will sell NFTs of seven original scenes from "Pulp Fiction

Quentin Tarantino will sell 7 never-before-seen clips from ‘Pulp Fiction’ as NFTs

November 2, 2021 10:14 AM CNN Newssource

By Frank Pallotta, CNN Business Quentin Tarantino is getting into NFTs. The two-time Academy Award-winning director and screenwriter announced…

While you want to showcase why you are the best candidate for the job

What’s it really like to work at a company? Here’s how to find out

November 2, 2021 9:45 AM CNN Newssource

By Kathryn Vasel, CNN Business You shouldn’t be the only one answering questions during a job interview. While you want to showcase why you are…

Musk’s tweet raises doubt about Hertz’s order for 100,000 Teslas

November 2, 2021 9:37 AM CNN Newssource

By Chris Isidore, CNN Business When Hertz announced plans to buy 100,000 Teslas last week — the largest-ever single order for electric vehicles —…

Avis car company's shares more than doubled after Avis reported strong earnings on November 1 that easily topped Wall Street's forecasts.

Avis stock more than doubles after strong earnings show no end to rental car boom

November 2, 2021 9:31 AM CNN Newssource

By Paul R. La Monica, CNN Business Avis Budget investors didn’t really need to try harder to make any money from the stock on Tuesday. The…

Nearly two-thirds of Americans describe the economy as poor in a new poll that comes amid high inflation and supply chain turmoil.

Americans grow pessimistic on the economy as high inflation lingers

November 2, 2021 9:19 AM CNN Newssource

By Matt Egan, CNN Business Nearly two-thirds of Americans describe the economy as poor in a new poll that comes amid high inflation and supply chain…

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