Money Archives

Democrats face their first big challenge to stay united with massive Covid-19 relief bill

January 28, 2021 6:38 pm CNN

Senate Democrats are staring down a massive undertaking as they plan to push ahead with reconciliation, a process that will be an early test of party…

Fired Fox News political editor calls out ‘hype men in the media’ who helped Trump attempt to ‘steal an election’

January 28, 2021 6:12 pm CNN Newsource

A longtime Fox News politics editor, who was fired by the network earlier this month after angering former President Donald Trump, rebuked the…

Inside Robinhood, the free trading app at the heart of the GameStop mania

January 28, 2021 5:12 pm CNN

Robinhood’s free-trading revolution helped pave the way to the recent Reddit mayhem on Wall Street. The rise of Robinhood means that the…

Robinhood shuts down GameStop trades, sending stock into a tizzy

January 28, 2021 2:20 pm CNN

GameStop traders sent the stock on a wild ride Thursday. The stock plunged more than 40% Thursday after surging nearly 40% at one point earlier in…

ABC News president James Goldston is stepping down

January 28, 2021 1:14 pm CNN Newsource

ABC News president James Goldston, who has led the network news division for the past seven years, is stepping down at the end of March. Goldston…

Amanda Gorman’s three books will get one million first prints due to overwhelming demand

January 28, 2021 12:51 pm CNN Newsource

To meet the demand for Amanda Gorman’s unreleased books, her publisher announced it will print one million copies of each of her three titles.…

2021 just got worse: Now there’s a Grape-Nuts shortage

January 28, 2021 12:36 pm CNN Newsource

If you’re having a hard time finding Grape-Nuts at your local supermarket, you are not alone. The pandemic has come for Grape-Nuts. Supply…

Biden’s most important stimulus measure

January 28, 2021 11:30 am CNN

The US federal government should spend more money, and fast, to fight the Covid-19 pandemic, rescue hard-hit families and help states, cities and…

Southwest Airlines reports first loss in 48 years

January 28, 2021 10:49 am CNN Newsource

The last time Southwest Airlines posted an annual loss was 1972, when it was a small upstart airline flying a handful of planes on Texas-only routes.…

Commerzbank to slash 10,000 jobs and close hundreds of branches

January 28, 2021 9:52 am CNN Newsource

Commerzbank plans to slash its workforce by 10,000 and close 340 branches by 2024 as part of a strategic overhaul. The bank has roughly 48,500…

What if China no longer needs Hollywood? That’s bad news for the film industry

January 28, 2021 9:49 am CNN Newsource

America has been the king of the box office for, well, forever. Not anymore. In 2020, China overtook the United States to become the top movie market…

McDonald’s sales took a hit from Covid-19 restrictions

January 28, 2021 8:07 am CNN Newsource

McDonald’s US sales popped in the fourth quarter as guests spent more per order, but international sales took a hit from lockdowns related to…

Where does the GameStop mania end?

January 28, 2021 8:05 am CNN

From Wall Street to the White House, everyone is watching GameStop shares. What’s happening: Stock in the left-for-dead video game retailer…

Last year’s American economy shrank the most since 1946

January 28, 2021 7:39 am CNN Newsource

The US economy grew at an annualized and seasonally adjusted rate of 4% in the fourth quarter of 2020, just as economists had predicted, the Commerce…

Another 847,000 Americans filed for unemployment benefits in Joe Biden’s first week as president

January 28, 2021 7:33 am CNN Newsource

America’s unemployment crisis is now President Joe Biden’s problem, and jobless claims in his (partial) first week as president show how…

The Reddit forum that’s freaking out Wall Street briefly went dark, sparking yet another frenzy

January 28, 2021 7:26 am CNN

The Reddit message board that’s breaking the internet by sending Wall Street into a frenzy was briefly taken private by its moderators on…

GameStop’s stock is extremely volatile after Robinhood shuts down trades

January 28, 2021 7:00 am CNN

GameStop traders sent the stock on a wild ride Thursday. The stock was up about 13% Thursday morning after tumbling about 15% earlier. Sending it on…

Europe has a vaccine shortage. So why is it fighting with AstraZeneca?

January 28, 2021 6:37 am CNN Newsource

The European Union has been locked in a very public and acrimonious fight with AstraZeneca over vaccine delays. The temperature may have cooled…

GameStop continues to surge — now up 2,500% this year

January 28, 2021 5:40 am CNN Newsource

So much for what goes up must come down. GameStop continued to defy gravity Thursday. Shares soared another 30% in premarket trading thanks to…

Chipotle is testing curbside pickup

January 28, 2021 5:37 am CNN Newsource

Chipotle is testing curbside pickup at 29 locations in California to give customers a way to get their tacos and burritos without having to go inside…