Money Archives

Dangerous Covid-19 variants could mean all bets are off on the road to normalcy, expert warns

March 26, 2021 3:11 am CNN

The evidence that Americans are gearing up for a return to normal life is growing apparent. States are relaxing capacity restrictions for public…

H&M and Nike are facing a boycott in China

March 25, 2021 7:34 pm CNN

H&M, Nike and other big Western apparel brands are facing a boycott in China because of the stand they’ve taken against the alleged use of…

Fake CPA hit with criminal charges for Covid-19 loan fraud

March 25, 2021 7:20 pm CNN Newsource

An Arizona businessman who secured more than $1 million in Covid-19 relief funding and then purchased a Porsche and a new home is now facing federal…

Disneyland plans expansion following year of closure

March 25, 2021 4:50 pm CNN Newsource

Disneyland — the iconic resort whose gates have been closed for more than a year because of the coronavirus pandemic — isn’t just reopening…

The Fed will lift restrictions on dividends and buybacks for most banks after June 30

March 25, 2021 4:26 pm CNN Newsource

The Federal Reserve will end its restrictions on bank dividends and buybacks for most institutions on June 30 as long as they pass the current round…

Sackler family members agree to pay $4.2 billion as part of plan to dissolve OxyContin maker Purdue

March 25, 2021 2:24 pm CNN Newsource

Purdue Pharma has filed a restructuring plan to dissolve itself and establish a new company dedicated to programs designed to combat the opioid…

Olive Garden is raising its wages. That’s not the full story

March 25, 2021 1:42 pm CNN Newsource

The company that owns Olive Garden is raising wages in a bid to attract workers. But the move doesn’t go far enough to satisfy critics of a…

GameStop, AMC and other meme stocks are meming again

March 25, 2021 1:06 pm CNN Newsource

Meme stocks were back in business Thursday, as investors bought up shares of GameStop, boosting other Reddit-favorite stocks along with it. GameStop…

These companies are paying their employees to receive the Covid-19 vaccine

March 25, 2021 12:30 pm CNN Newsource

As vaccine eligibility expands across the United States, more companies are offering incentives to get a jab. Many US companies are debating whether…

America’s most powerful oil lobby is changing its tune on a carbon tax

March 25, 2021 11:49 am CNN Newsource

The oil industry’s most powerful lobbying group announced Thursday that for the first time it will support setting a price on carbon, a…

Here’s why Cathie Wood and Kevin O’Leary are still bullish on growth stocks

March 25, 2021 11:01 am CNN Newsource

Tech stocks have taken a hit lately as investors continue to seek comfort in banks, big oil and other value sectors. But some fans of trendy momentum…

Intel investing $20 billion in new US chipmaking plants as part of turnaround plan

March 25, 2021 9:59 am CNN

Intel CEO Pat Gelsinger has only been on the job for about a month. But the semiconductor giant has been in need of a bold, new strategy for some…

Wall Street is out of sync with Main Street — yet history says this bull market could last a while

March 25, 2021 9:25 am CNN Newsource

Happy Birthday, stock market bull. One year ago this week, the stock market bottomed out. But since then investors have ridden a giant wave of…

Unemployment claims fell to a pandemic low. But there’s still a jobs crisis in America

March 25, 2021 9:01 am CNN

Here’s the best worst news you’ll hear all week: Unemployment claims fell to a pandemic low. But they’re still higher than at any…

Slack CEO apologies for his unforced error

March 25, 2021 8:50 am CNN

Slack CEO Stewart Butterfield knows he screwed up. Wednesday morning, Slack rolled out a feature to let customers message Slack users at other…

Killer Mike’s Greenwood banking platform raises nearly $40 million in Series A funding

March 25, 2021 8:18 am CNN Newsource

Some of the biggest names in finance are betting big on the success of Greenwood, the digital banking platform introduced last year by co-founders…

GM adds Meg Whitman to its majority-women board

March 25, 2021 7:25 am CNN Newsource

Former Hewlett-Packard CEO Meg Whitman is joining the board of General Motors, adding another woman to one of the more diverse boards in corporate…

A huge ship is blocking a vital trade artery. It could get costly

March 25, 2021 6:35 am CNN Newsource

Tug boats are working to free a large container ship stuck in Egypt’s Suez Canal, halting traffic through one of the busiest and most important…

Pepsi’s newest flavor has Peeps in it

March 25, 2021 5:59 am CNN Newsource

Good news, Peeps fans! Not only will Peeps be back on store shelves in time for Easter, but they’ll come in a new form too. Pepsi and Peeps are…

Here’s what members of the media are saying ahead of Biden’s first presidential press conference

March 24, 2021 9:21 pm CNN Newsource

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