Southwest is set to return to profitability
By Chris Isidore, CNN Business Southwest Airlines posted a first-quarter loss, but the company said that will be the last time it loses money for…
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Ford just reported a $3.1 billion loss. Blame Rivian
By Chris Isidore, CNN Business In the days after its November IPO, electric truck maker Rivian was briefly one of the world’s most valuable…
Continue ReadingHigher food and energy prices could last ‘for years,’ World Bank warns
By Matt Egan, CNN Business Russia’s invasion of Ukraine has contributed to an historic shock to commodity markets that will keep global prices…
Continue ReadingJoe Rogan caused some artists to leave Spotify. But not paying customers
By Frank Pallotta, CNN Business Earlier this year, Spotify found itself embroiled in a controversy sparked by one of its most notable podcast hosts,…
Continue ReadingVenmo owner PayPal is one of the worst stocks of 2022
By Paul R. La Monica, CNN Business Sending money to pay for things via Venmo may be all the rage among smartphone-addicted millennials and Gen Zers.…
Continue ReadingInvestment firm head arrested on charges of multibillion-dollar fraud and racketeering
By Matt Egan, Kara Scannell and Mark Morales, CNN Federal agents arrested Archegos Capital Management founder Sung Kook “Bill” Hwang on…
Continue Reading7 things you’re wasting money on
By Beth Braverman With inflation pushing the price of just about everything higher, it’s more important than ever to keep track of how…
Continue ReadingLos Angeles sheriff appears to back down after signaling he was investigating reporter
CNN, HLN, KCBS, KCAL By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can…
Continue ReadingBoeing delays its newest jet as losses soar
By Chris Isidore, CNN Business The bad news keeps piling up for Boeing. The company is delaying the debut of its newest passenger jet to 2025, and it…
Continue ReadingSorry, crypto fans. Gold is still the real hedge in times of uncertainty
By Paul R. La Monica, CNN Business It looks like bitcoin and other cryptocurrencies may not be digital gold after all. Bitcoin prices are down more…
Continue ReadingWhy tech stocks are bleeding right now
By Julia Horowitz, CNN Business The tech-heavy Nasdaq Composite was a huge beneficiary of the stock market’s epic recovery from the pandemic.…
Continue ReadingWhy lab-grown diamond sales are surging
By Parija Kavilanz, CNN Business It’s proposal season, and engagements are on the rise. So are factory-made diamond sales. Not that you’d…
Continue ReadingWalmart is giving some customers 10 cents off every gallon of gas
By Jordan Valinsky, CNN Business Members of Walmart’s discount program will get a bit of relief at the gas pump. Beginning Wednesday, Walmart+…
Continue ReadingMillennials are ahead of their parents in retirement savings
By Nicole Goodkind, CNN Business Maybe that avocado toast isn’t so bad, after all. Millennials are way ahead of Baby Boomers when it comes to…
Continue ReadingChina’s Xi calls for ‘all-out’ infrastructure splurge to rescue economy
By Laura He, CNN Business China is about to embark on a new infrastructure spending spree in a bid to fix an economy nearing breaking point because…
Continue ReadingThe big winner in Elon Musk’s Twitter deal
CNN By Paul R. La Monica, CNN Business Even the world’s richest person needs financial advice. That’s great news for Morgan Stanley, the…
Continue ReadingLos Angeles sheriff appears to back down after signaling he was investigating reporter
CNN By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
Continue ReadingUp to a quarter million Ford Explorers recalled for rollaway risk
CNN, CNNBUSINESS By Ramishah Maruf, CNN Up to a quarter million Ford Explorers are being recalled due to a mechanical problem that can cause the SUV…
Continue ReadingRobinhood shares plummet as company announces layoffs
By Nicole Goodkind, CNN Business Robinhood CEO Vlad Tenev announced Tuesday afternoon that the online trading platform will lay off 9% of its…
Continue ReadingHas inflation reached a peak? Three signs that prices could soon come down
CNN, CNNBUSINESS By Nicole Goodkind, CNN Business Inflation is at a 40-year high, and Americans are feeling it. A gallon of gas costs about double…
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