Money Archives

Retail sales decline for third straight month

January 15, 2021 8:09 am CNN Newsource

US retail sales dropped last month, the Commerce Department said Friday, marking the third straight month without any growth. Retail sales fell 0.7%…

Even $1,400 checks aren’t exciting Wall Street

January 15, 2021 7:54 am CNN Newsource

News that President-elect Joe Biden is asking Congress to pass a $1.9 trillion stimulus package would normally give markets a big boost. Not this…

JPMorgan Chase just reported a record quarterly profit. But its CEO is still nervous

January 15, 2021 7:37 am CNN Newsource

The economy may not have fully recovered yet, but that’s no problem for America’s biggest bank. JPMorgan Chase reported a record profit…

This Keurig-like machine for soft serve ice cream is what the world really needs

January 15, 2021 6:18 am CNN

It’s a rocky road to disrupt the ice cream industry, but sundae you may get your soft serve from a pod. A new machine called ColdSnap, which…

‘Stop the steal’ groups hide in plain sight on Facebook

January 15, 2021 6:06 am CNN

Groups and individuals spreading lies about the 2020 election and calling to protest the outcome have continued to hide in plain sight on Facebook,…

Biden wrests control of Trump’s spotlight and makes first big bet of presidency

January 15, 2021 5:42 am CNN

Joe Biden’s crisis presidency effectively began Thursday evening, when he urged Americans to mobilize behind a $1.9 trillion plan to end the…

Marvel’s ‘WandaVision’ looks to make Disney+ even mightier

January 15, 2021 4:32 am CNN Newsource

“WandaVision,” Marvel Studios’ first original series for Disney+, hits streaming this weekend. That’s excellent news for…

Xiaomi and other Chinese companies slapped with US restrictions as Trump’s term winds down

January 15, 2021 1:08 am CNN Newsource

The Trump administration is inflicting even more damage on Chinese businesses — including smartphone maker Xiaomi — with just days to go before…

Newsrooms focus on insurrection and impeachment, but there’s still a pandemic

January 14, 2021 9:05 pm CNN

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

The power of pets: Chewy and Petco have become Wall Street darlings

January 14, 2021 5:01 pm CNN

Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. In…

TikTok launches incubator for Black creators

January 14, 2021 3:09 pm CNN Newsource

TikTok is launching an incubator program to support 100 Black creators, a strategy to attract audiences that’s become popular with other social…

Samsung Galaxy S21 smartphones are smarter and cheaper but don’t come with a charger

January 14, 2021 2:01 pm CNN

Samsung’s new Galaxy S21 lineup has an updated look and lower price tags, but customers will also notice two items missing from the box:…

Watch out, Chewy. This 55-year-old pet store is coming for you

January 14, 2021 1:50 pm CNN Newsource

Petco is hoping the third time is the charm. The 55-year-old pet retailer launched its third IPO in company history Thursday — and this time…

US debt surged by $7 trillion under Trump. It will go much higher under Biden

January 14, 2021 1:30 pm CNN Newsource

President Donald Trump certainly lived up to his self-proclaimed status as the King of Debt during his term in office. The national debt spiked by $7…

No alcohol and no checked guns: Airlines tighten security for Inauguration Day

January 14, 2021 1:22 pm CNN Newsource

Airlines and the Transportation Security Administration are stepping up security for flights to and from Washington, DC, amid threats of additional…

Bitcoin prices roar back towards $40,000

January 14, 2021 1:13 pm CNN Newsource

The bitcoin roller coaster continues. The price of the top cryptocurrency hit an all-time high of nearly $42,000 less than a week ago before quickly…

Seth Rich conspiracy theorists retract and apologize for false statements as they settle lawsuit

January 14, 2021 12:37 pm CNN Newsource

A businessman and a fringe internet activist who each played key roles in the conspiracy theory about Seth Rich, the slain Democratic National…

Billionaire GOP donor says he feels ‘betrayed’ by Trump and vows to support Biden

January 14, 2021 12:03 pm CNN

Billionaire Republican donor and Home Depot co-founder Ken Langone said he feels “betrayed” by President Donald Trump after the attempt…

Capitol riot denialism is already here

January 14, 2021 11:54 am CNN Newsource

Law enforcement agencies are rounding up suspected rioters, combing through social media evidence, and uncovering the true depth of the plot to…

New rule could make it harder for banks to cut ties with oil and coal companies

January 14, 2021 11:11 am CNN Newsource

Big banks, climate activists and banking reform advocates don’t agree on much, but they joined forces to denounce a proposed Trump…