Money Archives

75 years on: How India went from impoverished British colony to emerging giant

August 14, 2022 7:45 PM CNN Newsource

By Rhea Mogul, CNN At the stroke of midnight on August 15, 1947, India became an independent nation after nearly 200 years of British colonial rule,…

More than 2,000 California mental health clinicians set to strike

August 14, 2022 2:01 PM CNN Newsource

By Ramishah Maruf, CNN Thousands of mental health therapists at the country’s largest non-profit HMO are poised to strike this week, holding…

Byron Allen appears on CNN's Reliable Sources on Sunday

Black entertainment mogul calls for more inclusion in news and media

August 14, 2022 11:57 AM CNN Newsource

By Ramishah Maruf, CNN Byron Allen began his career as a standup comic and is now a media tycoon who owns dozens of outlets including the Weather…

A building with "Space For Rent" signs on Lexington Avenue in New York in July.

Who owns your credit score? Not you

August 14, 2022 8:25 AM CNN Newsource

By Alexandra Peers, CNN Business Credit agencies know a lot about Americans. The agencies accumulate information, such as Social Security numbers,…

A person shops in the meat section of a grocery store in 2021 in Los Angeles

Inflation, explained: Why prices keep going up and who’s to blame

August 14, 2022 6:06 AM CNN Newsource

By Allison Morrow and Nicole Goodkind, CNN Business Confused about inflation? You’re not alone. Inflation is, paradoxically, both incredibly…

Robinhood may need to join forces with one of the very titans of Wall Street that the stock and crypto trading company was trying to unseat.

Robinhood may need to join forces with a larger Wall Street rival

August 14, 2022 4:23 AM CNN Newsource

By Paul R. La Monica, CNN Business Robinhood, as its name suggests, was designed to take the power of the stock market away from the rich fat cats on…

Velveeta is staging a comeback

August 13, 2022 8:30 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business In 2020, something incredible happened in the dairy aisle: Velveeta started flying off the shelves. Sales of…

Shoppers walk past the facade of Abercrombie & Fitch Clothing Store in Miromar Outlets as the retailer that focuses on casual wear.

How Abercrombie, Victoria’s Secret and Vitamin Shoppe use smell to get you to spend more

August 13, 2022 1:02 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Have you ever stepped into an Abercrombie, Victoria’s Secret, Vitamin Shoppe or another store and…

Jeffrey Toobin said that he will depart CNN

CNN chief legal analyst Jeffrey Toobin will exit network after 20 years

August 12, 2022 2:50 PM CNN Newsource

By Oliver Darcy, CNN Business Jeffrey Toobin said Friday that he will depart CNN, where he served most recently as chief legal analyst, putting an…

A Rivian electric pickup truck sits in a parking lot at a Rivian service center on May 9

Rivian lost $1.7 billion in three months. Here’s why that may not be a problem

August 12, 2022 12:52 PM CNN Newsource

By Matt McFarland, CNN Business Rivian lost a whopping $1.7 billion in the second three months of the year, but some auto industry experts say…

Americans still don't feel great about the economy

Consumers still don’t feel great about the economy, despite lower gas prices

August 12, 2022 11:04 AM CNN Newsource

Martha C. White for CNN Business Consumer sentiment in August continued to rebound from its June trough, but Americans’ feelings about the…

Peloton CEO Barry McCarthy announced the company is laying off nearly 800 employees. A woman is pictured walking in front of a Peloton store in Manhattan in May 2021.

Peloton is cutting jobs, closing stores and hiking prices

August 12, 2022 10:47 AM CNN Newsource

By Jordan Valinsky, CNN Business Peloton is slashing jobs again, and this time it’s also hiking prices on some of its products. It’s part…

Judge denies Trump Org and former CFO’s motion to dismiss tax fraud indictment

August 12, 2022 8:51 AM CNN Newsource

By Kara Scannell, CNN Business A New York state judge denied the Trump Organization and its former chief financial officer Allen Weisselberg’s…

A ferry cruises past the partially dried riverbed of the Rhine river in Bingen

The Rhine is shrinking, endangering Europe’s top economy

August 12, 2022 6:55 AM CNN Newsource

By Michelle Toh and Benjamin Brown, CNN Business Germany’s Rhine river is getting too dry, snarling supply chains and creating more problems…

Electricity transmission towers are pictured near a new residential housing estate in Rayleigh

UK recession looms as households feel pain of soaring energy bills

August 12, 2022 4:44 AM CNN Newsource

By Anna Cooban, CNN Business Britons are bracing themselves for more tough times ahead as the economy starts to shrink and a new forecast suggests…

Johnson & Johnson is abandoning talc-based baby powder in 2023 and instead will make it with cornstarch. A pharmacy cashier holds a bottle of Johnson & Johnson's baby powder in Salt Lake City in February 2021.

Johnson & Johnson will stop selling talc-based baby powder around the world in 2023

August 12, 2022 4:24 AM CNN Newsource

By Jordan Valinsky, CNN Business Johnson & Johnson is abandoning talc-based baby powder next year and instead will make it with cornstarch. Its…

A customer shops in a Kroger grocery store on July 15 in Houston. Month-over-month inflation in the US eased in July

Rate hikes and recession are still in the cards

August 12, 2022 4:14 AM CNN Newsource

By Nicole Goodkind, CNN Business There appears to be some confusion about the trajectory of prices in the US. That’s partially because…

A Chinese sci-fi comedy has shattered summer box office records in China after months of Covid-19 lockdowns. Actor Shen Teng (L1) and actress Ma Li (R1) attend the road show of film 'Moon Man' on July 25 in Taiyuan

‘Moon Man’ is just what China’s box office needs after months of lockdowns

August 12, 2022 2:24 AM CNN Newsource

By Laura He, CNN Business A Chinese sci-fi comedy about an astronaut stranded on the moon has shattered summer box office records in China, providing…

Argentina hikes interest rates to 69.5% as inflation hits 20-year high

August 12, 2022 2:15 AM CNN Newsource

By Reuters Argentina’s central bank raised its benchmark interest rate by 950 basis points on Thursday as the country struggles to keep a lid…

Rivian announced on August 11 that it lost $1.7 billion in the second quarter of 2022 as it works to ramp up its vehicle production amid the on-going supply chain crunch.

Rivian losses surge to $1.7 billion as production ramps up

August 11, 2022 3:28 PM CNN Newsource

By Matt McFarland, CNN Business Rivian said Thursday that it lost $1.7 billion in the second quarter of 2022 as it works to ramp up its vehicle…