Money Archives

Relativity Space's Terran 1 rocket is seen during its third launch attempt of a mission called "GLHF" (Good Luck

Startup’s 3D-printed rocket delivers stunning night launch but fails to reach orbit

March 23, 2023 7:49 AM CNN

CNN, CNN BUSINESS By Jackie Wattles, CNN Startup Relativity Space sent what it’s calling the “world’s first 3D-printed…

Accenture slashes 19,000 jobs worldwide

March 23, 2023 7:34 AM CNN Newsource

By Anna Cooban, CNN Accenture plans to slash 19,000 jobs worldwide as it attempts to cut costs amid a gloomy economic picture. The Irish-American…

New home sales rose in February. Pictured are houses under construction in Menifee

New home sales rose for the third month in a row

March 23, 2023 7:24 AM CNN Newsource

By Anna Bahney, CNN New home sales rose in February, climbing for the third month in a row as mortgage rates eased off their highs of the past year…

Starbucks' new CEO Laxman Narasimhan plans to continue pulling barista shifts.

New Starbucks CEO plans to pull barista shifts in stores every month

March 23, 2023 5:30 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Starbucks’ new CEO Laxman Narasimhan teased his plan for the company in a letter to employees. It includes…

Ford will lose $3 billion on its sales of electric vehicles to consumers this year. Pictured is a Ford production plant in Dearborn

Ford to lose $3 billion from EV sales to consumers this year

March 23, 2023 5:21 AM CNN Newsource

By Chris Isidore, CNN Ford said it will lose $3 billion on its sales of electric vehicles to consumers this year, but it still expects to hit the…

Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington

Five big takeaways from the Fed’s extraordinary meeting

March 23, 2023 4:47 AM CNN

CNN By Nicole Goodkind, CNN The Federal Reserve raised interest rates by a quarter percentage point on Wednesday as it attempts to fight stubbornly…

Five big takeaways from the Fed’s extraordinary meeting

March 23, 2023 4:47 AM CNN Newsource

By Nicole Goodkind, CNN The Federal Reserve raised interest rates by a quarter percentage point on Wednesday as it attempts to fight stubbornly high…

The Bank of England is expected to hike rates by a quarter of a percentage point Thursday following an unexpected jump in inflation.

Bank of England hikes interest rates again following inflation shock

March 23, 2023 3:25 AM CNN Newsource

By Hanna Ziady, CNN The Bank of England hiked interest rates by a quarter of a percentage point Thursday, extending its long-running fight to rein in…

The Swiss National Bank helped engineer the weekend rescue of Credit Suisse.

Swiss central bank says crisis halted as it hikes interest rates

March 23, 2023 2:37 AM CNN Newsource

By Mark Thompson, CNN Switzerland’s banking crisis has been halted, the country’s central bank said Thursday as it hiked interest rates…

Railway workers hold a banner reading "Until the withdrawal" during a demonstration a few days after the government forced the pension reform through parliament without a vote.

French unions hold first national strike since government rammed through pension reform

March 23, 2023 2:11 AM CNN Newsource

By Dalal Mawad, Oliver Briscoe and Joshua Berlinger, CNN France’s powerful unions are coming out in force for a nationwide strike Thursday in a…

Evergrande Group announces long-awaited debt restructuring deal after 2021 collapse

March 23, 2023 12:34 AM CNN Newsource

By Laura He, CNN China’s Evergrande Group, whose collapse in 2021 sparked China’s worst property market crisis on record, has unveiled a…

Evergrande Group announces long-awaited debt restructuring deal after 2021 collapse

March 23, 2023 12:34 AM CNN

CNN By Laura He, CNN China’s Evergrande Group, whose collapse in 2021 sparked China’s worst property market crisis on record, has…

European and Asian markets were mixed on Thursday after the US Fed raised rates by a quarter-point. Pictured is the Hong Kong Stock Exchange on March 13.

Global markets mixed after US Fed raises rates by a quarter-point

March 22, 2023 11:56 PM CNN Newsource

By Juliana Liu and Anna Cooban, CNN European and Asian markets were mixed during Thursday trade as investors digested the decision by the US Federal…

Global markets mixed after US Fed raises rates by a quarter-point

March 22, 2023 11:56 PM CNN

CNN By Juliana Liu and Anna Cooban, CNN European and Asian markets were mixed during Thursday trade as investors digested the decision by the US…

Startup’s 3D-printed rocket delivers stunning night launch but fails to reach orbit

March 22, 2023 8:53 PM CNN Newsource

By Jackie Wattles, CNN Startup Relativity Space sent what it’s calling the “world’s first 3D-printed rocket” toward space on…

TikTok CEO Shou Zi Chew is interviewed at offices the company uses on February 14 in Washington

How TikTok’s CEO prepared for his first grilling on Capitol Hill

March 22, 2023 6:37 PM CNN Newsource

By Oliver Darcy, CNN Shou Zi Chew is getting ready for his inaugural trip to Congress. The TikTok chief executive has, for the last week,…

Jamie Dimon and other big bank CEOs met with top Biden economist Lael Brainard

March 22, 2023 5:52 PM CNN Newsource

By Matt Egan, CNN Lael Brainard, President Joe Biden’s top economic adviser, met with JPMorgan Chase CEO Jamie Dimon and other leading Wall…

Jamie Dimon and other big bank CEOs met with top Biden economist Lael Brainard

March 22, 2023 5:52 PM CNN

CNN By Matt Egan, CNN Lael Brainard, President Joe Biden’s top economic adviser, met with JPMorgan Chase CEO Jamie Dimon and other leading Wall…

How the banking crisis clipped the hawkish Fed’s wings

March 22, 2023 3:31 PM CNN Newsource

By Allison Morrow, CNN In congressional testimony earlier this month, Fed Chairman Jerome Powell told lawmakers that the central bank would likely…

Lindsay Lohan, Jake Paul and other celebrities charged $400,000 for violating disclosure rules

March 22, 2023 2:57 PM CNN Newsource

By David Goldman, CNN The Securities and Exchange Commission on Wednesday charged Lindsay Lohan, Jake Paul and several other celebrities with failing…