Money Archives

A staggering 68% of CEOs surveyed by The Conference Board expect the Fed's war on inflation will eventually trigger a recession

Most CEOs are bracing for a recession

May 18, 2022 5:10 AM CNN Newsource

By Matt Egan, CNN Business The mood in the C-Suite is darkening. CEO confidence has tumbled to the weakest level since the beginning of the Covid-19 pandemic, The Conference Board said Wednesday. For the first time during the economic expansion, CEO confidence is now in negative territory. Worse, business leaders are bracing for a potential

Heifers feed in a barn at a farm in Ashford

Why you could be paying 50% more for a jug of milk this year

May 18, 2022 5:01 AM CNN Newsource

By Julia Horowitz, CNN Business Prices are rising at the fastest pace in decades, creating a cost-of-living crisis that’s forcing people around the world to make tough choices about what to buy. The United Kingdom is no exception: inflation hit a 40-year high of 9% in April and is forecast to peak above 10% toward

China tries to make nice with Big Tech as economic challenges mount

May 18, 2022 4:26 AM CNN Newsource

By Laura He, CNN Business China is trying once again to lift the spirits of its huge tech industry after a bruising regulatory offensive that has weakened some of its biggest businesses at a time of stalling economic growth. In a rare public display of support for the private sector, Vice Premier Liu He said

City of Columbia wants residents’ help for ARPA fund spending

May 17, 2022 10:29 PM Leila Mitchell

COLUMBIA, Mo. (KMIZ) The City of Columbia is conducting a community engagement project to figure out the best way to spend the second half of its American Rescue Plan funding. The city has spent half of the $25 million in ARPA funds, but still has areas in need of the funds. For over a year

The tail of an Airbus A321-211 aircraft of Russian airline Aeroflot with registration VP-BOE is seen over the wall of the long term parking for planes of Geneva Airport on March 25. Due to sanctions imposed on Russia over the country's invasion of Ukraine

World’s largest aircraft owner lost 113 planes to Russia due to sanctions

May 17, 2022 9:18 PM CNN

By Chris Isidore, CNN Business AerCap Holdings, the aircraft leasing giant that is the world’s largest owner of jets, lost 113 planes when Russia seized them in response to sanctions triggered by the war in Ukraine. The seizures of the planes and 11 jet engines by Russian authorities caused AerCap to take a $2.7 billion

Apple notified corporate employees that it is delaying a requirement for most staffers to be in the office at least three days a week amid an increase in Covid-19 cases in the San Francisco Bay Area

Apple delays plan for Bay Area workers to be in office three days a week

May 17, 2022 4:38 PM CNN Newsource

By Sara Ashley O’Brien, CNN Business Apple notified corporate employees that it is delaying a requirement for most staffers to be in the office at least three days a week amid an increase in Covid-19 cases in the San Francisco Bay Area, where the company is based. In a message to staffers obtained by CNN

Apple delays plan for Bay Area workers to be in office three days a week

May 17, 2022 4:38 PM CNN

By Sara Ashley O’Brien, CNN Business Apple notified corporate employees that it is delaying a requirement for most staffers to be in the office at least three days a week amid an increase in Covid-19 cases in the San Francisco Bay Area, where the company is based. In a message to staffers obtained by CNN

Elon Musk proves once again that the rules don’t apply to him

May 17, 2022 4:07 PM CNN

By Chris Isidore, CNN Business How do you regulate a man worth more than $200 billion who thinks he knows better than everyone else? The simple answer is: You don’t. Elon Musk has once again proven he’ll do things his own way, announcing Friday that his $44 billion deal to buy Twitter is on hold.

The average price for gasoline in California hit $6 a gallon on May 17 for the first time -- and analysts at JPMorgan are warning that price could be the national average before the end of the summer.

California’s $6 gas could spread nationwide, JPMorgan warns

May 17, 2022 4:03 PM CNN Newsource

By Matt Egan and Chris Isidore, CNN Business The average price for gasoline in California hit $6 a gallon Tuesday for the first time — and analysts at JPMorgan are warning that price could be the national average before the end of the summer. The startling forecast comes as US gas prices have surged to

Traffic deaths in the United States continue to spike

Traffic deaths rise to highest level in 16 years, NHTSA estimates

May 17, 2022 3:55 PM CNN Newsource

By Matt McFarland, CNN Business Traffic deaths in the United States continue to spike, as the National Highway Traffic Safety Administration estimated Tuesday that there were 42,915 such fatalities in 2021. That would be the most traffic deaths in 16 years, NHTSA said. Estimated deaths increased 10.5% from 2020, but the number of deaths per

Moskvich automobiles are shown in 1989. After Renault announced its departure this week from the Russian auto market amid the country's war with Ukraine

Russia needs cars, so it’s rebooting this Soviet-era brand

May 17, 2022 3:06 PM CNN Newsource

By Peter Valdes-Dapena, CNN Business After Renault announced its departure this week from the Russian auto market amid the country’s war with Ukraine, Moscow’s mayor announced its factory will be used to restart the defunct Soviet-era Moskvich car brand. Little known outside the former Soviet Union and its satellite countries, Moskvich was founded around 1930

A US division of German insurance firm Allianz will pay more than $6 billion for what US investigators called a "massive fraudulent scheme" that involved the investments of public pensions

Allianz division agrees to pay $6 billion for defrauding teachers, religious groups and foundations

May 17, 2022 2:50 PM CNN Newsource

By Nicole Goodkind, CNN Business A US division of German insurance firm Allianz will pay more than $6 billion for what US investigators called a “massive fraudulent scheme” that involved the investments of public pensions, religious organizations and other foundations. The settlements with the US Department of Justice and US Securities and Exchange Commission are

Stablecoins were supposed to be ‘stable.’ Then the crash came

May 17, 2022 2:25 PM CNN Newsource

By Jon Sarlin, CNN Business Editor’s Note: If you or someone you know is struggling with suicidal thoughts or mental health matters, please call the National Suicide Prevention Lifeline at 800-273-8255 to connect with a trained counselor or visit the NSPL site. On Twitter and Reddit, stunned Luna and TerraUSD investors tried to take stock

The US central bank is in the midst of a "whatever it takes" moment when it comes to inflation

Fed Chair Jerome Powell: We won’t hesitate to raise rates to tame inflation

May 17, 2022 2:22 PM CNN Newsource

By Anneken Tappe, CNN Business Hindsight is 20:20, even for the Federal Reserve. The US central bank is in the midst of a “whatever it takes” moment when it comes to inflation, but if Fed officials had known how high inflation would rise, they would have changed their course on policy earlier, Fed Chairman Jerome

World’s largest aircraft owner lost 113 planes to Russia due to sanctions

May 17, 2022 2:18 PM CNN Newsource

By Chris Isidore, CNN Business AerCap Holdings, the aircraft leasing giant that is the world’s largest owner of jets, lost 113 planes when Russia seized them in response to sanctions triggered by the war in Ukraine. The seizures of the planes and 11 jet engines by Russian authorities caused AerCap to take a $2.7 billion

Century 21 is staging a comeback

May 17, 2022 1:08 PM CNN Newsource

By Jordan Valinsky, CNN Business Beloved discount store Century 21 is reopening in New York City nearly two years after the pandemic forced it out of business. The retailer, which sold designer clothing at bargain basement prices, is reopening in spring 2023 at its former location near the World Trade Center in downtown Manhattan. A

Condemnations of "the left" echoed across Tucker Carlson

Fox hosts feel the heat but deflect criticism after Buffalo massacre

May 17, 2022 12:38 PM CNN

By Brian Stelter, CNN Business In the wake of the Buffalo supermarket mass shooting and widespread discussion of far-right violent extremism, Fox’s prime time hosts pivoted to what they claim is the true threat: The left. Condemnations of “the left” echoed across Tucker Carlson, Sean Hannity and Laura Ingraham’s highly-rated shows on Monday night. The

Fox hosts feel the heat but deflect criticism after Buffalo massacre

May 17, 2022 12:38 PM CNN

By Brian Stelter, CNN Business In the wake of the Buffalo supermarket mass shooting and widespread discussion of far-right violent extremism, Fox’s prime time hosts pivoted to what they claim is the true threat: The left. Condemnations of “the left” echoed across Tucker Carlson, Sean Hannity and Laura Ingraham’s highly-rated shows on Monday night. The

Elon Musk proves once again that the rules don’t apply to him

May 17, 2022 12:29 PM CNN Newsource

By Chris Isidore, CNN Business How do you regulate a man worth more than $200 billion who thinks he knows better than everyone else? The simple answer is: You don’t. Elon Musk has once again proven he’ll do things his own way, announcing Friday that his $44 billion deal to buy Twitter is on hold.

Elon Musk proves once again that the rules don’t apply to him

May 17, 2022 12:29 PM CNN

By Chris Isidore, CNN Business How do you regulate a man worth more than $200 billion who thinks he knows better than everyone else? The simple answer is: You don’t. Elon Musk has once again proven he’ll do things his own way, announcing Friday that his $44 billion deal to buy Twitter is on hold.