Money

By Jordan Valinsky, CNN Business Coca-Cola is turning another one of its drinks into an alcoholic alternative. It’s the company’s third boozy beverage as it taps into the growing canned cocktail craze. In a partnership between Molson Coors and Coke, the companies are launching Simply Spiked Lemonade, an alcoholic drink inspired by the Simply brand’s

By Chris Isidore, CNN Business It’s been a rough start to 2022 for the world’s richest person. He’s not too worried, though. Elon Musk’s holdings of Tesla stock have lost about $30 billion this year through Monday’s close, as the stock slid 12%.But the next 12 months could be the most lucrative ever for Musk.

By Anna Cooban, CNN Business Unilever is cutting 1,500 management jobs around the world as the consumer goods giant comes under intense pressure from shareholders to boost growth. The cuts amount to a 15% reduction in the number of senior managers and 5% of junior managers, Unilever said in a statement on Tuesday. Factory workers

By Diksha Madhok, CNN Business Bob Dylan has sold his entire catalog of recorded music to Sony Music. The recording company described the deal for 60 years worth of music as a “landmark agreement” in a statement. The deal was concluded in July last year, but announced Monday. The deal includes “the entirety of Bob

By Ivana Kottasová, CNN An undersea pipeline set to deliver gas from Russia to Germany has become exactly what the two countries have always insisted it would never be: A weapon in a geopolitical crisis. The United States, United Kingdom, Ukraine and several European Union member states have fiercely opposed the pipeline ever since it

By Michelle Toh, CNN Business Global stocks were mixed Tuesday, after a dramatically volatile day on Wall Street fueled by concerns over the US Federal Reserve’s plans to hike interest rates and tensions in Ukraine. Markets in Asia Pacific fell sharply throughout the day, with Australia’s S&P/ASX 200 and Japan’s benchmark Nikkei closing down 2.5%

By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Brian Williams doesn’t want to anchor the “Evening News.” Just years ago, in 2015, the notion that Williams would be rebuffing an offer to helm one of the big three

By Laura He, CNN Business Evergrande is still trying to appease growing anger among its offshore creditors, who have threatened to take legal action over the embattled Chinese developer’s plans to restructure the business. The company is now asking international bondholders to give it “more time” to work on a restructuring plan, according to a

By Jeanne Sahadi, CNN Business The federal tax filing season has begun. And it’s going to be tough sledding for the IRS — and for some tax filers — given the millions of returns from last year that still have to be processed, staffing issues due to Covid-19 and a lack of needed funding for

By Paul R. La Monica, CNN Business The bloodbath in the cryptocurrency market is taking a gigantic toll on online brokerage stocks Robinhood and Coinbase. Shares of both companies, which each went public last year, slid Monday to new all-time lows before bouncing back. Robinhood ended Monday up 1% after plunging earlier along with the

By Ramishah Maruf, CNN Business A cruise ship heading to Miami changed course to the Bahamas Saturday after a US judge issued an arrest warrant for the ship due to unpaid fuel bills. If the Crystal Symphony had continued course to Miami, it would have been seized by authorities. So it headed to Bimini instead,