Money Archives

Discover is opening a corporate office on Chicago’s South Side. It wants other companies to follow

March 4, 2021 8:31 AM CNN Newssource

The South Side of Chicago isn’t typically a place where major companies look to open corporate offices. Most of the city’s Fortune 500…

UK launches antitrust probe into Apple

March 4, 2021 8:18 AM CNN Newssource

The United Kingdom’s competition watchdog has launched an investigation into Apple after app developers complained that they’re being…

American consumer spending jumped in January thanks to stimulus checks

March 4, 2021 8:11 AM CNN Newssource

US consumer spending jumped at its quickest pace since June as stimulus checks put more cash into Americans’ wallets. Incomes rose 10% in…

This ‘snake robot’ can fix pipelines on the ocean floor

March 4, 2021 8:00 AM CNN Newssource

The deep-sea oil and gas industry has a vast and costly infrastructure to maintain. Wells, other equipment, and thousands of kilometers of pipeline…

Fighting climate change is now a job for the Bank of England

March 4, 2021 7:40 AM CNN Newssource

Central banks are usually tasked with keeping inflation in check, while promoting economic growth and employment. Now, add fighting the climate…

Paramount+ is banking on iconic TV characters from ‘Frasier’ to ‘SpongeBob’

March 4, 2021 7:39 AM CNN Newssource

Paramount is one of the most iconic studios in Hollywood, but can the name “Paramount” translate to streaming? ViacomCBS is banking on…

Disney is closing 60 stores in the US and Canada

March 4, 2021 7:30 AM CNN Newssource

The Disney Store, once a mall mainstay, is drastically reducing the number of locations it has in the United States and Canada. Disney said…

A financial transaction tax may be aimed at hurting Wall Street. But it will hit Main Street investors instead

March 4, 2021 7:21 AM CNN

In the wake of the GameStop stock trading frenzy, the Biden administration recently said it’s worth evaluating the impact of a tax on financial…

Corporate America’s earnings recession is over

March 4, 2021 6:15 AM CNN

The vast majority of companies in the S&P 500 have reported results from the last three months of 2020, and Wall Street is calling it: The…

Hong Kong used to be the poster child for economic freedom. Not anymore

March 4, 2021 5:27 AM CNN Newssource

Hong Kong has been booted off an index of economic freedom that it used to lead, dealing another blow to the city’s standing as a global…

Inflation fears continue to rattle global stocks

March 4, 2021 5:08 AM CNN Newssource

Global stocks are falling as a bond sell-off continues to rattle markets. Hong Kong’s Hang Seng Index led losses in Asia Pacific, tumbling…

Inflation fears rattle Asian stocks yet again

March 3, 2021 11:26 PM CNN

Asian stocks are falling Thursday as a bond sell-off continues to rattle markets. Hong Kong’s Hang Seng Index was last down 2.5%, while…

White House reporters clamor for press conference as Biden waits longer than predecessors

March 3, 2021 9:31 PM CNN Newssource

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. There are many ways…

SpaceX Mars prototype rocket nails landing for the first time, but explodes on pad

March 3, 2021 8:31 PM CNN

A SpaceX rocket prototype, known as SN10, soared over South Texas during test flight Wednesday before swooping down to a pinpoint landing near its…

Women in sports don’t get the media coverage that men do. These 4 Olympians are trying to change that

March 3, 2021 8:24 PM CNN Newssource

US Olympians Sue Bird, Alex Morgan, Simone Manuel and Chloe Kim have teamed up to launch a new company aimed at focusing attention on women in sports…

Buckle up, Wall Street, we’re just getting started

March 3, 2021 6:47 PM CNN

Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here.…

Dollar Tree announces new stores as demand for discount retailers skyrockets

March 3, 2021 6:29 PM CNN Newssource

Dollar Tree said Wednesday that it will open 600 new stores this year, continuing dollar store chains’ torrid growth across the United States.…

Sinclair to lay off hundreds of employees, citing ‘profound impact’ pandemic has had on its business

March 3, 2021 5:53 PM CNN Newssource

Citing the coronavirus pandemic, the Sinclair Broadcast Group said on Wednesday that it will reduce its workforce by approximately 5%, amounting to…

Dollar Tree will open 600 stores this year

March 3, 2021 2:35 PM CNN Newssource

Dollar Tree said Wednesday that it will open 600 new stores this year, continuing dollar store chains’ torrid growth across the United States.…

SpaceX aborts Mars prototype rocket test launch with 0.1 seconds on the clock

March 3, 2021 2:15 PM CNN Newssource

Another SpaceX rocket prototype was fueled and ready for a test flight Wednesday, but in the final moments before liftoff, the vehicle’s…