CNN – Business/Consumer

By Andy Rose, CNN The owner and co-founder of the sports drink company Red Bull has died, the company announced Saturday. Dietrich Mateschitz began marketing the drink in Austria in 1987, according to the company. “In these moments, the over-riding feeling is one of sadness,” Red Bull said in a company-wide email to employees. “But

By Anna Bahney The US housing market is in the midst of a major shift. After two years of stratospheric price appreciation, home prices have peaked and are on their way back down. But what homebuyers and homeowners alike want to know is: How much lower will prices go? The short answer: Prices are likely

Reuters A US judge in Texas ruled on Friday that people killed in two Boeing 737 MAX crashes are legally considered “crime victims,” a designation that will determine what remedies should be imposed. In December, some crash victims’ relatives said the US Justice Department violated their legal rights when it struck a January 2021 deferred

By Parija Kavilanz, CNN Business Tupperware wants to be where the cool kids play. The 76-year-old brand is on a quest to grab the attention of Millennials and Gen Zers, and wants to become as relevant in their everyday lives as it was for their grandmas and moms. But to get on their radar, Tupperware

By Allison Morrow, CNN Business Dozens of federal officials made lucrative stock and mutual fund trades in early 2020 as the government was preparing for the onslaught of Covid-19, according to a Wall Street Journal investigation. In January of that year, while the public was broadly unaware of the scale and severity of the threat

By Jeanne Sahadi, CNN Business There’s really nothing nice to say about inflation when it comes to your bottom line. It’s hard on your wallet. It’s hard on your savings because it reduces the buying power of the dollars you socked away. And it’s hard on your paycheck, because chances are your last raise did

By Paul R. La Monica, CNN Business A disastrous earnings report from Snap and less than inspiring results from Dow components American Express and Verizon weren’t enough to keep the Wall Street bulls at bay Friday. Stocks surged on hopes that the Federal Reserve may soon come to the rescue by slowing the pace of

By Jeanne Sahadi, CNN Business The IRS on Friday announced a record increase in contribution limits to 401(k) and other tax-deferred retirement plans for 2023. Starting next year, you will be allowed to contribute up to $22,500 into your 401(k), 403(b), most 457 plans or the Thrift Savings Plan for federal employees. That’s $2,000 —

By Nicole Goodkind, CNN Business It’s been a tumultuous year for retail traders — people who buy shares of individual companies or indexes on popular trading platforms like Robinhood or E-Trade. Facing an economic outlook full of bear markets, high inflation and interest rate hikes, they’ve finally decided that they’ve had enough. What’s happening: Back

Swati Gupta, CNN Business Google is facing the heat in India. The country’s antitrust regulator has imposed a penalty of approximately 13.4 billion rupees ($162 million) on Alphabet Inc’s Google for abusing its “dominant position in multiple markets in the Android mobile device ecosystem.” The Competition Commission of India (CCI) has asked Google to modify

Jon Sarlin, CNN Business The big news in crypto this week came via a court filing in Texas. FTX, the crypto giant that is led by arguably the most powerful person in the industry, is under investigation by Texas regulators for selling unregistered securities. “The Enforcement Division is now investigating FTX Trading, FTX US, and