Money Archives

Dow surges 500 points and stocks turn positive for 2020

July 13, 2020 11:12 am CNN

The remarkable stock market comeback of 2020 has another notch in its belt: Stocks once again turned positive for the year. Who woulda thunk in…

Fisker plans to go public in a $2.9 billion deal

July 13, 2020 10:10 am CNN

Fisker, an electric vehicle maker and considerably smaller rival to Tesla, is expected to become a publicly traded company following a merger backed…

Hong Kong Disneyland will close again after a surge in coronavirus cases

July 13, 2020 9:57 am CNN

Hong Kong Disneyland is once again closing its gates. The resort, which reopened on June 18, is shutting down after Hong Kong tightened its…

New York & Co. parent RTW Retailwinds files for bankruptcy

July 13, 2020 8:33 am CNN

RTW Retailwinds, which owns women’s retailer New York & Co., has filed for bankruptcy, continuing the steady march of Chapter 11 filings…

‘It’s going to be really ugly.’ Here come the big bank earnings

July 13, 2020 6:53 am CNN

Mass unemployment. Surging bankruptcies. An unprecedented health crisis. And near-zero interest rates. It’s a depressing time for…

Chipotle is testing cauliflower rice in some US restaurants

July 13, 2020 6:37 am CNN

Chipotle is testing cauliflower rice as customers’ tastes continue to shift toward healthier options. Beginning Wednesday, the cilantro-lime…

Companies are taking on another $1 trillion in debt

July 13, 2020 4:59 am CNN

Powered by ultra-low interest rates, corporate borrowing was already at an-all time high before the pandemic. Now, as cash-strapped companies…

Businesses ‘more concerned’ now about Hong Kong security law

July 13, 2020 3:34 am CNN

Fears among Hong Kong’s business community about the impact of a controversial national security law have intensified following the publication…

Asian markets climb in strong start to the week; US futures higher

July 12, 2020 11:02 pm CNN

Asian markets climbed on Monday after positive sentiment from Wall Street spilled into the region. Chinese stock markets continued their bull run.…

Mary Trump is releasing a book. Michael Cohen is finishing a book. Both are being restricted

July 12, 2020 7:26 pm CNN

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

Muji files for bankruptcy

July 12, 2020 6:02 pm CNN

Trendy home-goods chain Muji has filed for bankruptcy, making it the latest in a string of retailers to do so as the coronavirus crisis decimates the…

White House Correspondents’ Association president worries briefings have become ‘purely political’

July 12, 2020 11:32 am CNN

The White House press secretary typically plays a key role in informing the public about the policies and positions of the President. The…

Workers demanding union rights plan to walk off the job in nationwide Strike for Black Lives

July 12, 2020 10:10 am CNN

A coalition of Black advocacy groups and labor activists are organizing a nationwide strike to pressure corporations, such as McDonald’s,…

Get ready for an awful earnings season

July 12, 2020 7:50 am CNN

Major companies are about to tell investors how they fared during the second quarter as the coronavirus swept over America. And there’s no…

Businesses including Apple and General Motors ask Trump to keep DACA in place

July 11, 2020 4:21 pm CNN

A group of top business leaders asked US President Donald Trump in a letter on Saturday to keep a program that protects nearly 800,000 young…

Somebody paid a record $114,000 for a rare Super Mario Bros. video game

July 11, 2020 1:15 pm CNN

An anonymous buyer bid a record $114,000 for a rare, unopened copy of the classic video game Super Mario Bros. The game cartridge was originally…

Tucker Carlson’s top writer resigns after secretly posting racist and sexist remarks in online forum

July 11, 2020 1:06 pm CNN

Editor’s note: This article quotes racist, homophobic and sexist language, much of which has not been censored. The top writer for Fox News…

Disney Parks chief on reopening: ‘We are in a new normal’

July 11, 2020 8:59 am CNN

Walt Disney World reopens its gates on Saturday. But should it? Josh D’Amaro — the new chairman of Disney Parks, Experiences and Products —…

‘Soda bombs’ and ‘pizza security’: The lessons of making a car for Domino’s

July 11, 2020 6:55 am CNN

In 2012, Domino’s enlisted the automaker Local Motors, where Nicholas de Peyer worked, to reinvent pizza delivery. He spent the next 18 months…

US global media agency seeks to kick out international journalists

July 10, 2020 4:52 pm CNN

Efforts to clean house at the US Agency for Global Media continued this week as leadership indicated that international journalists who work for…