Money

By Sarah Jorgensen, CNN Business Sandy Hook families suing InfoWars founder Alex Jones have won a case against him after a judge ruled against Jones who has failed to comply with the discovery process. Jones and entities owned by him were found liable by default Monday in a defamation case against them. Connecticut Superior Court

By Paul R. La Monica, CNN Business Many companies and investors need to learn a crucial lesson: Becoming a market leader is easy, but staying one for a prolonged period of time? Not so much. Success brings about imitators. And competition can quickly eat into sales, market share and profits. Just look at the lousy

By Matt Egan, CNN Business The economic recovery from Covid-19 will reaccelerate in the coming quarters, driving the unemployment rate back to a 50-year low by the end of next year, Goldman Sachs told clients on Sunday. After slowing this summer, the US economy will get a boost from the reopening of the service sector,

By Brian Stelter, CNN Business “Information disorder is a crisis that exacerbates all other crises. When bad information becomes as prevalent, persuasive, and persistent as good information, it creates a chain reaction of harm.” That’s how the Aspen Institute’s Commission on Information Disorder begins its sweeping new report on the subject. Sixteen commissioners spent the

By Jeanne Sahadi, CNN Business You would think the combination of high inflation, a worker shortage and a talent war would be a winning trifecta for any employee who would like to take home a bigger paycheck next year. And many companies are also reporting strong earnings, if not record ones. “Employees are saying, ‘I’ve

By Jordan Valinsky, CNN Business Casper Sleep, the trendy mattress-in-a-box company, is being taken private barely two years after its splashy public debut. The company announced Monday that private equity firm Durational Capital Management is buying Casper at $6.90 per share — a 94% premium on Friday’s closing price of $3.55 per share. The stock

By Ramishah Maruf, CNN Business Peanut butter fans rejoice. Reese’s is releasing its largest peanut butter cup ever: a nine-inch Reese’s Thanksgiving Pie. The super-sized peanut butter cup is the size of an actual pie, with a 9-inch diameter and weighing in at 3.4 pounds. “When you bring together friends and family for Thanksgiving dinner,

By Danielle Wiener-Bronner, CNN Business Applebee’s is bringing Cheeto-flavored wings to its restaurants. The wings were previously available exclusively online: Earlier this year, the casual dining brand launched an online-only brand called Cosmic Wings. The Cosmic Wings menu features wings tossed in original or Flamin’ Hot Cheetos sauces and coated in Cheetos crumbles, fried Cheetos

By Allison Morrow, CNN Business Less than a month into her role as the chief executive of Citigroup, Jane Fraser made a decision that shook Wall Street. It was late March, and signs of burnout were everywhere after more than a year of remote work in the pandemic. Deal volume was at record highs and

By Jordan Valinsky, CNN Business Chick-fil-A customers looking for their fix over Christmas weekend this year will be disappointed. The chicken chain will be closed on Christmas Day, which falls on a Saturday, in addition to the Sunday after. Traditionally, Chick-fil-A is closed on Christmas. But because of when the holiday falls this year, that