Money Archives

Silicon Valley is not on trial in the Elizabeth Holmes case. Classic fraud is

November 5, 2021 6:37 AM CNN Newssource

Opinion by Jessica A. Roth for CNN Business Perspectives As the Elizabeth Holmes trial unfolds, the audacity of the alleged scheme becomes clearer by…

Shares of drug giant Pfizer surged more than 10% in early trading Friday after the company announced positive test results for an experimental pill it has developed to fight Covid-19. People are shown here walking in front of Pfizer sign at Pfizer World Headquarters on March 23

Pfizer shares soar on positive test results for Covid pill

November 5, 2021 6:33 AM CNN Newssource

By Paul R. La Monica, CNN Business Shares of drug giant Pfizer surged nearly 11% Friday after the company announced positive test results for an…

America's jobs recovery gathered some steam last month as US employers added 531

Big rebound in jobs: America adds 531,000 jobs to the economy in October

November 5, 2021 6:32 AM CNN Newssource

By Anneken Tappe, CNN Business America’s jobs recovery gathered some steam last month as US employers added 531,000 positions in October. The…

Peloton reported late Thursday that sales of its stationary bikes and treads

The Peloton movement may be over. Shares plunge

November 5, 2021 5:28 AM CNN Newssource

By Jordan Valinsky, CNN Business Peloton investors are going to have to take a meditation class (or several) after its latest earnings report that…

The White House has accused OPEC and its allies of putting the global economic recovery at risk by refusing to pump more oil. An employee is shown here at an oil platform operated by Lukoil company in the Baltic Sea

White House says OPEC and Russia are putting the global recovery at risk

November 5, 2021 5:23 AM CNN Newssource

By Charles Riley and Kevin Liptak, CNN Business The White House has accused OPEC and its allies of putting the global economic recovery at risk by…

Another Chinese real estate developer is in serious trouble

November 5, 2021 4:34 AM CNN Newssource

By Michelle Toh, CNN Business Another Chinese real estate company appears to be at risk of default, escalating fears of further problems in the…

The House version of the Build Back Better Act contains a payroll tax credit that supports local news organizations for employing journalists.

Advocates say this Build Back Better provision is exactly what local newsrooms need

November 4, 2021 9:45 PM CNN Newssource

By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…

‘I barely function some days’: Covid ‘long haulers’ struggle to work amid labor shortage

November 4, 2021 3:25 PM CNN Newssource

By Gabe Cohen, CNN Laurie Bedell feels trapped inside her home and her ailing body. “I pretty much live here in the living room,” Bedell…

Mine workers have been on the picket line outside of two mines owned by Warrior Met Coal in rural Alabama for the last seven months

Striking Alabama mine workers bring protest to New York City

November 4, 2021 2:25 PM CNN Newssource

By Vanessa Yurkevich and Chris Isidore, CNN Business Mine workers have been on the picket line outside of two mines owned by Warrior Met Coal in…

US labor market productivity fell dramatically in the third quarter of the year

US productivity dropped to its lowest level in 40 years

November 4, 2021 12:38 PM CNN Newssource

By Anneken Tappe, CNN Business US labor market productivity fell dramatically in the third quarter of the year, dropping to its lowest level in 40…

A federal judge delivered a major blow to Jeff Bezos' (left) space company Blue Origin on November 4 by ruling in favor of NASA in a dispute over who will build the lander intended to take humans back to the moon.

Judge rules against Blue Origin in standoff with SpaceX, NASA

November 4, 2021 12:01 PM CNN Newssource

By Jackie Wattles, CNN Business A federal judge delivered a major blow to Jeff Bezos’ space company, Blue Origin, on Thursday by ruling in…

Google is commemorating Diwali with a special Easter egg. Hindu devotees are seen lighting oil lamps while offering prayers during Diwali on November 4.

Google celebrates Diwali with Easter egg

November 4, 2021 10:36 AM CNN Newssource

By Sana Noor Haq, CNN Business As people around the world begin to celebrate Diwali, Google is commemorating the event with a special Easter egg.…

Twitter suspended Newsmax White House correspondent Emerald Robinson for posting blatant misinformation about the Covid-19 vaccine

Newsmax reporter’s tweets blocked for claiming Covid vaccine contains satanic marker

November 4, 2021 9:39 AM CNN Newssource

By Jordan Valinsky, CNN Business Twitter suspended Newsmax White House correspondent Emerald Robinson for posting blatant misinformation about the…

ESPN Classic is shutting down on January 1

ESPN Classic is shutting down next year

November 4, 2021 9:24 AM CNN Newssource

By Jordan Valinsky, CNN Business Sports fans who can’t get enough of watching legendary games of the past are in for a disappointment: ESPN…

Zillow shares fell more than 20% on November 3 after the news that it's pulling the plug on its house-flipping business and laying off a quarter of its staff.

Zillow bet the farm on its house-flipping business. Now it’s downsizing

November 4, 2021 8:29 AM CNN Newssource

By Allison Morrow, CNN Business Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your…

Even though the risk of a severe job shortage continuing into 2022 is not the most likely scenario

If the labor shortage continues, the US economy won’t be able to recover

November 4, 2021 6:59 AM CNN Newssource

Opinion by Gad Levanon for CNN Business Perspectives After enhanced unemployment benefits expired and schools re-opened in person, many expected…

Tastykake cupcakes sold by US retailers including Target and Walmart are being recalled over concerns they might contain tiny fragments of metal mesh wire.

Tastykake cupcakes pulled from Target and Walmart over metal contamination fears

November 4, 2021 6:49 AM CNN Newssource

By Sana Noor Haq, CNN Business Tastykake cupcakes sold by US retailers including Target and Walmart are being recalled over concerns they might…

Kraft's macaroni and cheese products are getting up to 20% more expensive for retailers.

Your favorite comfort foods are getting more expensive

November 4, 2021 6:45 AM CNN Newssource

By Nathaniel Meyersohn and Danielle Wiener-Bronner, CNN Get ready to pay even more for the fun stuff in your grocery cart. Top snack makers Kraft…

Moderna fell short of profit and sales expectations for the third quarter

Moderna warns its Covid vaccine shipments are falling short. Stock plunges

November 4, 2021 6:35 AM CNN Newssource

By Chris Isidore, CNN Business Moderna fell short of profit and sales expectations for the third quarter, and the Covid vaccine maker warned that its…

US Federal Reserve Chairman Jerome Powell

The era of free money is ending

November 4, 2021 6:22 AM CNN Newssource

By Julia Horowitz, CNN Business For about 20 months, central banks have funneled an unprecedented amount of cash into the financial system, aiming to…

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