Money Archives

‘I was behind it.’ The man responsible for the 1973 oil shock has died

February 23, 2021 8:14 am CNN Newsource

Ahmed Zaki Yamani, the long-serving Saudi oil minister who masterminded an OPEC embargo that plunged western economies into recession in 1973, has…

Some TV shows are telling stories about the pandemic. Some viewers wish they wouldn’t

February 23, 2021 8:03 am CNN Newsource

Victoria Richardson turns away from her favorite show, “Chicago Med,” every time a plotline revolves around the coronavirus pandemic. The…

Macy’s made money for the first time in the pandemic

February 23, 2021 7:43 am CNN Newsource

The pandemic has slammed Macy’s and other department stores. But signs of a recovery are beginning to emerge. Macy’s said Tuesday that it…

Elon Musk, Bill Gates and Janet Yellen are sending bitcoin tumbling

February 23, 2021 7:28 am CNN Newsource

Bitcoin’s roller coaster ride continues. The top cryptocurrency surged to a new all-time high above $58,000 on Sunday but fell to just above…

Kohl’s tried striking a deal with Amazon. It wasn’t enough

February 23, 2021 5:39 am CNN Newsource

When Michelle Gass took over as Kohl’s CEO in 2018, she tried getting creative to bring more shoppers into stores. The company had just struck…

Jay-Z sells half of his Champagne brand to owner of Dom Pérignon

February 23, 2021 3:39 am CNN Newsource

Jay-Z and luxury goods giant LVMH have a reason to break out the bubbly. LVMH, which owns Dom Pérignon and Moët & Chandon, has taken a 50%…

Insist or incentivize? Companies are deciding whether to make vaccines mandatory

February 23, 2021 3:15 am CNN Newsource

Companies are now being forced to answer a question that was until recently mostly hypothetical. Should they require their employees to get a…

HSBC is pushing even harder into Asia and wants to bring back its dividend

February 22, 2021 11:40 pm CNN Newsource

HSBC is pushing even harder into Asia as the bank seeks to shore up its business in the wake of the coronavirus pandemic and ongoing tensions between…

MyPillow and CEO Mike Lindell hit with $1.3 billion lawsuit

February 22, 2021 6:12 pm CNN Newsource

Dominion Voting Systems, the election technology company that has been the focus of debunked conspiracy theories about election fraud, is suing…

Airlines ground dozens of Boeing 777 planes after engine failure over Denver

February 22, 2021 4:36 pm CNN Newsource

Airlines in the United States, South Korea and Japan have grounded dozens of Boeing 777 aircraft after one of the jets suffered engine failure…

Chief of Cherokee Nation asks Jeep to stop using tribe’s name

February 22, 2021 2:53 pm CNN Newsource

The principal chief of the Cherokee Nation has asked Jeep to stop using the tribe’s name on its SUVs. The Jeep Grand Cherokee is the…

The 737 Max is no longer Boeing’s biggest problem, after yet another safety grounding

February 22, 2021 1:27 pm CNN Newsource

Late last year it seemed Boeing was finally on the verge of moving past some of the biggest challenges in its history. US regulators lifted the…

Momentum is building for a stock-trading tax — and Wall Street is furious

February 22, 2021 12:10 pm CNN Newsource

Uncle Sam is in search for a pot of gold that could ease the pain of trillion-dollar deficits. And some believe Wall Street might just have the…

This bitcoin bank’s stock has jumped nearly 1,300% in just over a year

February 22, 2021 11:08 am CNN Newsource

The boom in bitcoin prices is giving a huge lift to a California bank that accepts cryptocurrency deposits and doles out bitcoin-backed loans. Shares…

Janet Yellen on what a successful economic recovery looks like

February 22, 2021 10:34 am CNN Newsource

The US economy is still at the mercy of the pandemic. But for policy makers to help the recovery along, we must first get the virus under control,…

The Texas deep freeze could force this energy company out of business

February 22, 2021 9:51 am CNN Newsource

Electricity and gas provider Just Energy warned that the financial impact of the Texas winter storms could force it out of business. Just Energy said…