Money Archives

American Express is the Dow’s top stock for 2021. Here’s why

July 23, 2021 7:57 AM CNN Newsource

By Paul R. La Monica, CNN Business American Express is the top stock in the Dow so far this year, and AmEx’s earnings on Friday morning show…

Stocks are on track to hit record highs to close the week.

Stocks are on track for record highs after a turbulent week

July 23, 2021 7:52 AM CNN Newsource

By Anneken Tappe, CNN Business It’s been a turbulent week on Wall Street, starting with a massive selloff over worries about the Delta variant.…

Shrinkflation is the reason why boxes of cereal like Cinnamon Toast Crunch are shrinking.

Why your cereal boxes and ice cream cartons are shrinking

July 23, 2021 7:27 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Less cereal in the box. Smaller snack sizes. Ice cream gone missing in a container. You’re not losing your…

How will the pandemic impact the Olympics and NBC's broadcast?

See Tokyo 2020 Olympics from above

July 23, 2021 6:37 AM CNN

CNN’s Will Ripley takes a look at the city of Tokyo ahead of the 2020 Olympics, where a growing number of athletes have tested positive for Covid-19…

This may be the lowest-rated Olympics ever. NBC shouldn’t sweat it

July 23, 2021 6:37 AM CNN Newsource

By Frank Pallotta, CNN Business The Summer Olympics — one of the most-watched events worldwide — officially kicks off in Tokyo this weekend.…

A customer chooses Boston Beer Co.'s Truly Hard Seltzer in a supermarket in New York in April 23.

The hard seltzer craze has come to an end

July 23, 2021 6:36 AM CNN Newsource

By Jordan Valinsky, CNN Business The once unstoppable growth of hard seltzer has gone flat. That warning is coming from Boston Beer, the creator of…

Intel has warned a chip shortage could last until the middle of 2023.

Welcome to the never-ending chip shortage

July 23, 2021 6:40 AM CNN Newsource

By Charles Riley, CNN Business The global shortage of semiconductors that has hobbled the auto industry and made some consumer electronics more…

A Zomato delivery man is seen riding along the streets of Mumbai. Shares in Zomato gained about 80% on their first day of trading on Mumbai's stock exchange.

Zomato shares soar in red-hot start for first Indian unicorn to go public

July 23, 2021 3:49 AM CNN Newsource

By Diksha Madhok, CNN Business India’s first billion-dollar tech startup to go public got off to a flying start on Friday. Shares in Zomato…

Crocs CEO: It’s a polarizing brand, but that’s our strength

July 22, 2021 2:08 PM CNN

Crocs CEO Andrew Rees acknowledges Crocs aren’t for everyone but that the company welcomes the “tension” the criticism brings. He also addresses the…

Crocs sues Walmart, Hobby Lobby and others for allegedly copying its popular shoe

July 22, 2021 2:08 PM CNN Newsource

By Parija Kavilanz, CNN Business Crocs is accusing Walmart, Hobby Lobby and other companies of copying its iconic clog. The shoemaker filed four…

Domino's said its pizza delivery times are increasing a bit in some areas because of staffing shortages.

You may be waiting longer for your Domino’s pizza

July 23, 2021 5:31 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business Restaurants are short-staffed as they reopen and consumers embrace dining out again. That means longer wait…

Global shipping delays could mean shortages on the shelves as shoppers gear up for back to school shopping.

There will probably be a shortage of back-to-school supplies

July 22, 2021 12:24 PM CNN Newsource

By Parija Kavilanz, CNN Business Back-to-school shopping is always a nightmare. This year, expect it to be even worse. While parents may be used to…

Twitter is having an outstanding 2021 on Wall Street. The stock is up nearly 30% this year

Twitter is having an inexplicably awesome 2021

July 23, 2021 2:56 AM CNN Newsource

By Paul R. La Monica, CNN Business Twitter continues to trail Facebook and Instagram by a wide margin when it comes to the number of users. The…

‘Anger, outrage’: CNN reporter shares heartbreaking story about vaccine inequality

July 23, 2021 1:16 AM CNN

CNN’s Larry Madowo shares his frustration and anger over losing his uncle to Covid-19 and says vaccine inequality around the world must…

Health workers arrive with a patient at the Chris Hani Baragwanath Academic Hospital's COVID-19 facility

Vaccine inequality is costing tens of billions in lost output

July 23, 2021 1:16 AM CNN Newsource

By Radina Gigova and Jeevan Ravindran, CNN Business Vaccine inequity is undermining a “truly global economic recovery” from Covid-19,…

A 2020 Chevrolet Silverado HD in the trim shop on January 24

GM is shutting down most of its pickup production for a week

July 22, 2021 7:02 AM CNN Newsource

By Chris Isidore, CNN Business General Motors will stop making most of its full-size pickup trucks for a week starting Monday. It’s another…

Security personnel at the residence of Sudhir Agrawal

Indian tax officials raid newspaper that took on Narendra Modi over the pandemic

July 22, 2021 7:47 AM CNN Newsource

By Diksha Madhok, CNN Business Tax authorities in India raided several offices of one of the world’s biggest-selling newspapers on Thursday, a…

A customer looks at the depleted stock of ice cream at a Lidl supermarket. A dramatic surge in Covid-19 cases is forcing hundreds of thousands of workers to stay home in Britain

Covid ‘pingdemic’ and Brexit mean food and gas shortages in parts of UK

July 23, 2021 3:20 AM CNN Newsource

By Jack Guy and Lauren Gunn, CNN Business A dramatic surge in Covid-19 cases is forcing hundreds of thousands of workers to stay home in Britain,…

Claims for US jobless benefits unexpectedly jumped last week offering the latest reminder that the American economy -- and the labor market -- are not yet back to normal.

Unemployment benefits claims unexpectedly rose last week

July 22, 2021 7:09 AM CNN Newsource

By Anneken Tappe, CNN Business Claims for US jobless benefits unexpectedly jumped last week offering the latest reminder that the American economy…

Southwest on July 22 reported a quarterly loss

Losses mount for American and Southwest, but their outlook is brighter

July 22, 2021 10:50 AM CNN Newsource

By Chris Isidore, CNN Business Financial results are finally getting better at the nation’s major airlines, thanks to a surge of vacation…