Money

By Chris Isidore, CNN Union Pacific shares jumped 10% in premarket trading Monday after the railroad company announced CEO Lance Fritz, 60, will leave the company by year-end, following a call by an activist hedge fund for his ouster. Union Pacific just reported a record profit for the second straight year. But the hedge fund,

By Parija Kavilanz, CNN Adidas last year dumped Ye (formerly known as Kanye West) and his once hugely popular Yeezy clothing and sneaker brand because of his antisemitic remarks. But the controversy has seemingly spurred demand for the shoes. Yeezy sneakers currently are among the top three sellers on Impossible Kicks, a large online reseller

By Jordan Valinsky, CNN Elon Musk defended “Dilbert” creator Scott Adams after hundreds of newspapers stopped printing the comic strip because of Adams’ recent racist comments. Last week, Adams called Black Americans a “hate group” and suggested that White people should “get the hell away” from them. Adams effectively encouraged segregation in a shocking rant

By Nicole Goodkind, CNN Analysts have long expected a slowdown in the US labor market, but for the past 10 months, the data has come in better than expected. That may sound like a good thing for the economy, but as the Federal Reserve attempts to fight inflation, the still-hot jobs market is signaling that

By Jessie Yeung, CNN China is surging ahead with coal, a new report shows, rapidly approving and building new power plants despite its own promises to cut back on carbon as the world plunges ever deeper into the climate crisis. Last year, the country approved the highest number of new coal-fired power plants since 2015,

By Alicia Wallace, CNN The US economy is confusing: Jobs are surging. Inflation has been cooling but still running relatively hot. Gas prices are on the rebound. Consumers keep spending, and their confidence is growing. But holiday sales were tepid. Corporate layoffs are mounting. Company earnings aren’t stellar. And mortgage rates are ticking higher. In

By Ramishah Maruf, CNN Warner Bros. Discovery filed a lawsuit against Paramount Friday, claiming the rival media company breached its half-billion-dollar exclusivity contract with HBO Max by airing “South Park” on its own streaming platform, Paramount+. HBO Max is a unit of Warner Bros. Discovery, which also owns CNN. Nearly all “South Park” episodes air

By Ramishah Maruf, CNN Former Treasury Secretary Larry Summers said price caps on Russian energy should be stiffened up to maximize the impact of sanctions on the country as the war in Ukraine hits a year. The former Harvard University president said on Fareed Zakaria GPS Sunday, economic sanctions on Russia haven’t bitten hard because

By Jeanne Sahadi, CNN There have been many questions raised about the implications and reach of a recent decision by the National Labor Relations Board to prohibit employers from requiring laid off workers to sign certain types of non-disparagement and confidentiality clauses if they want to receive severance. Who’s covered by it? Is it retroactive?

By Nicole Goodkind, CNN The possibility of a 2023 market rally ground to a halt last week amid an onslaught of unfortunate inflation and economic data that spooked investors and increased the likelihood that the Federal Reserve will continue its economically painful rate hikes campaign for longer than Wall Street hoped. All major indexes notched