LeBron James is now a billionaire
By Jordan Valinsky, CNN Business LeBron James is a billionaire, marking the first time an active NBA player has achieved that milestone, according to…
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Wendy’s is getting a shake-up — again
By Danielle Wiener-Bronner, CNN Business Last week, activist investor Nelson Peltz said in a regulatory filing that Trian Partners, his investment…
Continue ReadingFord announces $3.7 billion investment to build electric vehicles, trucks, new Mustang
By Peter Valdes-Dapena, CNN Business Ford announced a new $3.7 billion investment Thursday across three mid-western states to build a new…
Continue ReadingOpinion: Small businesses like mine are struggling to deal with rising prices for almost everything
Opinion by Mike Zaffaroni for CNN Business Perspectives The last time the American economy experienced explosive inflation, my company, Liberty…
Continue ReadingElon Musk threatens to walk away from Twitter deal
By Brian Fung, CNN Business Elon Musk issued his most direct threat yet to walk away from his purchase of Twitter on Monday, openly accusing the…
Continue ReadingElectric supercar maker Rimac receives over $500 million investment from Porsche and others
By Peter Valdes-Dapena, CNN Business Rimac Group, the Croatian maker of exotic electric supercars that now controls Bugatti, announced that it…
Continue ReadingChewy may be getting out of Wall Street’s doghouse
By Paul R. La Monica, CNN Business So much for Amazon eating Chewy’s kibble. The pet supply e-tailer reported surprise profit and sales numbers…
Continue ReadingMortgage rates dip again, but it’s still tough to afford a home
By Anna Bahney, CNN Business Mortgage rates fell slightly this week, marking the third consecutive week of declines. But with rates hovering above 5%…
Continue ReadingThe world may be careening toward a 1970s-style energy crisis — or worse
By Matt Egan, CNN Business The world is grappling with gravity-defying energy price spikes on everything from gasoline and natural gas to coal. Some…
Continue ReadingHere’s when to say ‘no’ at work
By Kathryn Vasel, CNN Business You’ve just volunteered to help show a new colleague the ropes. But now you’re trying to figure out when…
Continue Reading$2 trillion in savings may not rescue the economy
By Julia Horowitz, CNN Business The CEO of the biggest US bank estimates that Americans are still sitting on $2 trillion in pandemic-era savings that…
Continue ReadingAmerica’s employers keep hiring despite high costs and a potential recession
By Anneken Tappe, CNN Business America’s employers are expected to have added hundreds of thousands of jobs in May, even in the face of high…
Continue ReadingHow Americans can watch the Queen’s Platinum Jubilee
By Anna Cooban, CNN Business Queen Elizabeth II is celebrating 70 years on the throne this weekend with a busy schedule of ceremonies, parades and…
Continue ReadingHow America is coping with inflation: Buy what’s needed, nothing more
By Parija Kavilanz, CNN Business Prices are rising for just about everything, forcing millions of Americans to make increasingly difficult choices.…
Continue ReadingOPEC agrees to pump more oil as Russian output drops
By Mark Thompson, CNN Business OPEC has agreed to pump more crude oil over the next two months as Russian production begins to drop because of…
Continue Reading‘Top Gun: Maverick’ brings back the Taiwan flag after controversy
By Michelle Toh and Wayne Chang, CNN Business “Top Gun: Maverick” is now showing Taiwan’s official flag after an outcry, putting…
Continue ReadingFormer OpenSea employee hit with first insider trading charges related to NFTs
By Catherine Thorbecke, CNN Business A former employee at digital marketplace OpenSea has been hit with the first-ever charges related to an alleged…
Continue ReadingThe new Chevrolet Bolt will be the cheapest electric vehicle in the US
By Matt McFarland, CNN Business General Motors announced Wednesday that it’s cut the price of the most affordable Chevrolet Bolt to $26,595,…
Continue ReadingSheryl Sandberg’s complicated legacy at Facebook
Catherine Thorbecke, CNN Business For much of her first decade at Facebook, Sheryl Sandberg’s public stature grew alongside the size and…
Continue ReadingSheryl Sandberg to step down as COO of Facebook-parent Meta
By Brian Fung and Rishi Iyengar, CNN Business Sheryl Sandberg is stepping down as chief operating officer of Facebook-parent Meta, the company…
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