CNN – Business/Consumer

By Nathaniel Meyersohn, CNN Walmart had a strong holiday shopping season, but the year ahead will be more challenging for America’s largest retailer. Walmart forecast slower sales and profit growth, disappointing investors and sending its stock down during morning trading Tuesday. However, Walmart notched an 8.3% sales increase during its latest quarter at US stores

By Nicole Goodkind, CNN Oil and gas companies have seen skyrocketing growth as the energy crisis triggered by Russia’s war in Ukraine has challenged people’s quality of life, financial stability, and overall well-being. The global oil and gas industry’s profits jumped to $4 trillion in 2022, up from an average of $1.5 trillion in recent

By Chris Isidore, CNN Home Depot said it will increase pay and benefits for front line hourly staff by $1 billion this year, another sign of a tighter labor market and rising wages across the US economy. The home improvement retail chain did not detail how much of a pay raise the average hourly worker

By Michelle Toh, CNN Standard Chartered is going on a hiring spree in Hong Kong this year, in a sign of renewed confidence in its biggest market as the city reopens its border with mainland China. The British bank said it would add 300 to 500 employees to its ranks of roughly 5,500 to 5,800.

By Oliver Darcy, CNN CNN anchor Don Lemon will return to the network’s air on Wednesday and will participate in formal training following sexist comments he made last week, the network’s chief executive, Chris Licht, said in an email to employees Monday night. “I sat down with Don and had a frank and meaningful conversation,”

By Jon Passantino, CNN James O’Keefe, the founder and chairman of Project Veritas — the right-wing activist group known for its selectively edited undercover sting videos targeting journalists and progressive groups — has been ousted from the organization, he told staff in a videotaped speech posted online Monday. “I’ve been stripped of my authority as

By Chris Isidore, CNN For the moment at least, Elon Musk is working at Tesla for free. Depending on how you look at it. Musk still has the potential to continue pulling in staggering sums of money, thanks to Tesla, but not in the way that his regular workers make their money. That’s because the

By Laura He, CNN Beijing will give out a $6 monthly cash subsidy to low-income residents to cushion the impact of rising food prices, a move that has unexpectedly angered many online who say the amount is far too low. The announcement from the city government comes as food inflation accelerated in China after policymakers

By Ramishah Maruf, CNN Meta is testing a subscription service which will allow Instagram and Facebook users to pay to get verified, Mark Zuckerberg announced on Instagram Sunday. “Meta Verified” will start at $11.99 a month on the web or $14.99 a month on iOS, and the company will begin releasing it in Australia and

By Paul R. La Monica, CNN Warren Buffett is arguably the most legendary investor of all time. But the Oracle of Omaha has missed out on this year’s stock market rally. So far, at least. Shares of Buffett’s Berkshire Hathaway conglomerate, a company that owns businesses ranging from Geico and the Burlington Northern Santa Fe

By Ramishah Maruf, CNN This Monday, February 20, marks Presidents Day. The federal holiday falls on the third Monday of February, commemorating America’s 45 commanders in chief (Grover Cleveland served two nonconsecutive terms, so is considered the 22nd and 24th US President.) Officially, the holiday is known as Washington’s Birthday, as it usually falls around

By Anna Bahney, CNN Home prices are going up across the country — in aggregate. Looking at individual markets, however, some are showing prices have fallen from a year ago. Single-family median home prices increased 4% in the fourth quarter from a year ago to $378,700. Prices were strongest in the Northeast in the last

By Ramishah Maruf, CNN Twitter Blue subscribers will be the platform’s only users able to use text messages as a two-factor authentication method, Twitter announced Friday. The change will take place on March 20. Twitter users will have two other ways to authenticate their Twitter log-ins at no cost: an authentication mobile app and a

By Chris Isidore, CNN The price of used cars has been falling steadily, and steeply, for much of the last year. Unfortunately for car buyers, that could be about to change. Wholesale prices for used cars being sold at auction have risen sharply in the last few weeks, according to industry data. Higher retail prices