Money Archives

Pizza buffet chain Cici’s files for bankruptcy

January 26, 2021 9:11 am CNN Newsource

Cici’s, a restaurant chain best known for its pizza buffets, has filed for bankruptcy. In a court filing late Monday, Cici’s blamed its…

Europe threatens to restrict vaccine exports after AstraZeneca and Pfizer hit production problems

January 26, 2021 9:06 am CNN Newsource

The European Union is calling out vaccine makers AstraZeneca and Pfizer over delivery delays that could slow its recovery from the pandemic.…

Stelter: Fox News is more anti-Democrat than pro-Trump

January 26, 2021 8:32 am CNN Newsource

If you thought Fox News would dial down the highly charged rhetoric after Donald Trump left office, you’d be mistaken. It is not slowing down…

The GameStop saga is captivating Wall Street — for good reason

January 26, 2021 8:29 am CNN Newsource

The meteoric rise in GameStop’s stock, as traders congregating on Reddit and Discord take on short sellers and hedge funds, is hard to look…

Washington Post editor Marty Baron announces his retirement

January 26, 2021 8:25 am CNN Newsource

Marty Baron, the editor who transformed the Washington Post into an international powerhouse and led the news organization to win 10 Pulitzer Prizes,…

Evictions, unemployment and hunger: The American economy Joe Biden inherits

January 26, 2021 8:22 am CNN

Michelle Bennett is trying to keep life inside her Waldorf, Maryland, home as normal as possible during Covid-19. Three of her four daughters are…

Target drops Chaokoh coconut milk over allegations of monkey labor

January 26, 2021 7:51 am CNN Newsource

Target is the latest major retailer to stop selling Chaokoh coconut milk following accusations that its manufacturer uses monkey labor. In a…

America’s billionaires have grown $1.1 trillion richer during the pandemic

January 26, 2021 7:24 am CNN Newsource

Billionaires are minting money during the pandemic, even as millions of Americans join the ranks of the poor. US billionaires have collectively…

Budweiser is skipping the Super Bowl for the first time in nearly four decades

January 26, 2021 6:35 am CNN

Budweiser’s Clydesdale horses have become synonymous with the Super Bowl. But this year, they’re getting a rest: For the first time in 37…

Pfizer and AstraZeneca take heat as vaccine delays threaten Europe’s recovery

January 26, 2021 5:50 am CNN Newsource

The European Union is calling out vaccine makers AstraZeneca and Pfizer over delivery delays that could slow its recovery from the pandemic.…

New coronavirus variants pose major risk to the global economy

January 26, 2021 5:27 am CNN

The pandemic could slam the brakes on a global economic turnaround this year despite mass vaccination programs and unprecedented levels of stimulus,…

Pizza Hut debuts a new Detroit-style pizza

January 26, 2021 4:43 am CNN Newsource

Pizza Hut’s newest pizza doesn’t look like its other pizzas. The chain is launching a new Detroit-style pizza, which ditches the…

Apollo CEO Leon Black to step down following review of ties to Jeffrey Epstein

January 26, 2021 4:14 am CNN Newsource

Leon Black will step down as CEO of Apollo Global Management, the investment firm said, as it also announced that an internal investigation into…

China is rehearsing for when it overtakes America

January 26, 2021 3:28 am CNN

China wants to lead the global recovery from the pandemic and become more influential on the world stage than ever before. It might just have the…

The China trade war is one thing Joe Biden won’t be rushing to fix

January 25, 2021 9:05 pm CNN

US President Joe Biden is inheriting a tense and messy relationship with China from his predecessor. From a grueling trade war to a slew of sanctions…

The strange but true reason why GameStop’s stock keeps surging

January 25, 2021 7:46 pm CNN Newsource

GameStop is expected to lose money this year and next year. Sales growth is sluggish as fewer gamers need to go to stores — or even shop online —…

GameStop’s stock is going through some stuff. You can thank Reddit

January 25, 2021 4:56 pm CNN Newsource

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.…

Janet Yellen is confirmed as the first female Treasury secretary in US history

January 25, 2021 3:26 pm CNN Newsource

Lawmakers confirmed Janet Yellen as Treasury secretary on Monday, making her the first woman in American history to hold the position. As head of the…

S&P 500 and Nasdaq hit record highs as volatility grips Wall Street

January 25, 2021 1:13 pm CNN Newsource

It was a volatile day on Wall Street, where stocks suddenly tumbled mid-morning before bouncing back. Investors have a lot on their minds: President…

AMC’s CEO believes his movie theaters will survive through 2021

January 25, 2021 12:02 pm CNN Newsource

Adam Aron is in a surprisingly good mood for a CEO of a struggling theater chain that recently said it might not make it through the winter. But the…