Money

By Tami Luhby, CNN Employers continued to raise wages during the fourth quarter to attract workers and hold on to existing staff, though the pace of the increases slowed from the previous quarter. While workers won’t be happy that the pay boosts still aren’t keeping up with inflation, the deceleration will likely please the Federal

By Jordan Valinsky, CNN Ira “Bob” Born, known as the “Father of Peeps,” died on Sunday. He was 98. Just Born Quality Confections, the Pennsylvania-based company that makes various candies, including the chick-shaped marshmallows, confirmed Born’s death in a statement. The company said that Born will be “remembered as a tireless and passionate advocate for

By Chris Isidore, CNN ExxonMobil’s earnings slowed from a peak earlier in the year but the oil giant still reached a full-year record profit more than double what it reported a year ago. The company earned adjusted income of $14 billion in the quarter, down from the record $18.7 billion it earned in the third

By Nicole Goodkind, CNN Oil and gas companies have had two years of skyrocketing growth, but this earnings season could mark the beginning of their descent back down to earth. Wall Street analysts say that Big Oil has passed its peak, but the ride down will be slow — these companies will still bring in

By Chris Isidore, CNN General Motors reported a much stronger than expected fourth-quarter profit, lifting full-year results to record levels for the second straight year. The largest US automaker also said Tuesday it is buying a $650 million equity stake in Lithium Americas, which will give it access to the raw material needed to build

By Chris Isidore, CNN UPS reported a record profit for 2022 as its revenue reached $100 billion for the first time since its founding in 1907. The company said Tuesday it earned $3.2 billion in the fourth quarter, little changed from a year ago and slightly better than analysts surveyed by Refinitiv were expecting. But

By Pierre Bairin and Hanna Ziady, CNN French schools and transportation networks were heavily disrupted Tuesday for the second time this month, as unions staged another mass strike against government plans to raise the retirement age for most workers. Unions and opposition parties called for people to protest in major cities, hoping for a repeat

By Diksha Madhok, CNN India’s richest man Gautam Adani ended his trip to Davos earlier this month on an optimistic note. The infrastructure billionaire expressed confidence about India’s growth and ambition. He even talked about his mild addiction to ChatGPT. Back home, his huge logistics and energy conglomerate announced plans to take more businesses to

By Robert Shackelford, CNN Nearly 1,000 flights were canceled across the United States Tuesday, according to FlightAware, as extreme winter weather affects parts of the country. Nearly 300 flights have been canceled departing Dallas-Fort Worth International and almost 70 flights have been canceled departing Dallas Love Field. Other notable cancellations are almost 80 flights departing

By Laura He, CNN Economic activity in China has expanded for the first time in four months as disruptions caused by the abrupt end of its zero-Covid policy appears to be fading. The official purchasing managers’ index (PMI) for manufacturing, which measures activity at factories, jumped to 50.1 in January from 47 in December, according

By Heather Chen and Hilary Whiteman, CNN It’s like looking for a needle in a haystack — an 8mm by 6mm silver capsule, no bigger than a coin, believed to be lost somewhere along a stretch of vast desert highway in Australia’s biggest state. The reason authorities are so determined to find it is that

By Oliver Darcy, CNN Goodbye, Showtime. Hello, Paramount+ With Showtime. The premium television network is getting its first name change in the channel’s 47-year history, Paramount Global boss Bob Bakish announced to staffers Monday. The change, a nod to the company’s continued evolution as it adapts to the rapidly changing media landscape, will take effect