Money Archives

Coca-Cola's CEO warned that consumers might not accept high prices for much longer.

Consumers won’t accept high prices for long, Coke CEO warns

February 10, 2022 11:53 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business The tide could be turning on consumers’ willingness to pay higher prices, Coca-Cola CEO James Quincey warned Thursday. Consumer goods companies have been steadily hiking prices as their own production costs rise, and so far, shoppers seem to be accepting the increases. Executives at McDonald’s, Chipotle and elsewhere have recently

After fully stacking Starship and Super Heavy Booster in August

Elon Musk to give first Mars rocket update in two years

February 10, 2022 11:45 AM CNN Newsource

By Jackie Wattles, CNN Business SpaceX CEO Elon Musk is expected on Thursday to give the most thorough update in two years about SpaceX’s plans for Starship, the gargantuan rocket at the heart of Musk’s interplanetary travel ambitions. Starship is a 400-foot tall, steel rocket and spacecraft combo that looks like a massive, elongated silver

Adidas will soon debut a new sports bra line

Adidas tweets 25 pairs of bare breasts to sell a new sports bra

February 10, 2022 11:34 AM CNN Newsource

By Parija Kavilanz, CNN Business Adidas will soon debut a new sports bra line, but one of its ads doesn’t show the bra at all. Instead, Adidas tweeted a photo grid of 25 pairs of bare breasts in all their natural, diverse glory. The sports apparel company pinned the ad to its Twitter page Wednesday,

Adidas tweets 25 pairs of bare breasts to sell a new sports bra

February 10, 2022 11:34 AM CNN

By Parija Kavilanz, CNN Business Adidas will soon debut a new sports bra line, but one of its ads doesn’t show the bra at all. Instead, Adidas tweeted a photo grid of 25 pairs of bare breasts in all their natural, diverse glory. The sports apparel company pinned the ad to its Twitter page Wednesday,

Universal Pictures debuted the new trailer for "Jurassic World Dominion" — one of the most highly anticipated films of 2022 — on February 10.

‘Jurassic World Dominion’ trailer has stars new and old tracking down dinosaurs

February 10, 2022 10:56 AM CNN Newsource

By Frank Pallotta, CNN Business Welcome back to Jurassic World. Universal Pictures debuted the new trailer for “Jurassic World Dominion” — one of the most highly anticipated films of 2022 — on Thursday. The first look featured everything you would expect from a “Jurassic World” movie: dinosaurs running wild, Chris Pratt on a motorcycle chasing

The 10-year US Treasury bond yield touched 2% for the first time since the summer of 2019 on February 10

Stocks tumble and bond yields climb after worse-than-expected inflation report

February 10, 2022 10:32 AM CNN Newsource

By Anneken Tappe, CNN Business The 10-year US Treasury bond yield rose past the 2% mark for the first time since the summer of 2019 Thursday and stocks traded sharply lower after a key inflation figure rose to its highest level in nearly 40 years. The Dow finished 1.5%, or 526 points, lower, while the

Elon Musk has repeatedly bragged that he'll pay more in federal taxes for 2021 than anyone has ever paid — about $11 billion. But Tesla apparently won't pay a cent.

Elon Musk’s US tax bill: $11 billion. Tesla’s: $0

February 10, 2022 10:07 AM CNN Newsource

By Chris Isidore, CNN Business Elon Musk has repeatedly bragged (or, perhaps, complained) that he’ll pay more in federal taxes for 2021 than anyone has ever paid — about $11 billion. But Tesla apparently won’t pay a cent. Tesla may not plan to pay federal taxes any time in the foreseeable future — even though

French watchdog says Google Analytics poses data privacy risks

February 10, 2022 9:27 AM CNN Newsource

By Reuters Google Analytics, the world’s most widely used web analytics service developed by Alphabet’s Google (GOOG), risks giving U.S. intelligence services access to French website users’ data, France’s watchdog CNIL said on Thursday. In a decision targeting an unnamed French website manager, the data privacy regulator — one of the most vocal and influential

Orders wait to be taken to patrons at Scoreboard Bar and Grill on Monday

The labor shortage could lead to a recession next year

February 10, 2022 9:20 AM CNN

Opinion by Gad Levanon for CNN Business Perspectives Over the past 12 months, US consumer prices rose by 7.5%, the highest rate in nearly 40 years. Worse, inflation is showing no signs of slowing. The Federal Reserve typically fights inflation by raising interest rates, which slows the economy by reducing the demand for goods and

Mortgage rates jump again, rising to a level not seen since early 2020

February 10, 2022 9:12 AM CNN Newsource

By Anna Bahney, CNN Business Mortgage rates increased again, rising to a level not seen since before the pandemic. The 30-year fixed-rate mortgage averaged 3.69% in the week ending February 10, up from 3.55% the week before, according to Freddie Mac. It’s the highest since January 2020. “The normalization of the economy continues as mortgage

A customer shops at a Target store in New York on January 12. A key measure of inflation climbed to a near-40-year high in January. The consumer price index rose 7.5% in the 12 months ending January

America’s annual price increase was worse than economists had forecast

February 10, 2022 8:09 AM CNN Newsource

By Anneken Tappe, CNN Business New year, same old high inflation. A key measure of inflation climbed to a near-40-year high last month. Economists are hopeful that America will reach the peak of the pandemic-era price increases in the early months of 2022. Here’s to hoping. The consumer price index rose 7.5% in the 12

Shopping in a Whole Foods Market supermarket in New York on Sunday

Wall Street is missing the point

February 10, 2022 7:18 AM CNN Newsource

By Julia Horowitz, CNN Business Liz Ann Sonders, the chief investment strategist at Charles Schwab, thinks Wall Street is missing the point on inflation. US inflation accelerated to 7.5% in January, the highest level in nearly 40 years, according to Labor Department data published Thursday. Sonders thinks the news could trigger another round of Wall

Protestors belonging to Hindu Janajagruti Samiti hold placards during a demonstration staged in front of South Korean automobile manufacturer

Hyundai triggers diplomatic spat over Kashmir

February 10, 2022 5:51 AM CNN Newsource

By Diksha Madhok and Sophia Saifi, CNN Business South Korean automaker Hyundai faced controversy this week in India, sparking diplomatic tensions between Seoul and Delhi. India’s Ministry of External Affairs said Tuesday that it summoned the Korean ambassador to express “strong displeasure” over what the agency called an “unacceptable social media post” made by one

The Federal Reserve has expressed confidence inflation will get under control soon. Business leaders are not so sure.

Most CEOs say rate hikes won’t quickly solve inflation crisis

February 10, 2022 5:02 AM CNN Newsource

By Matt Egan, CNN Business The Federal Reserve has expressed confidence inflation will get under control soon. Business leaders are not so sure. Nearly 75% of CEOs say upcoming interest rates hikes are unlikely to curb inflation as quickly as the Fed would like because supply constraints and wage hikes will persist, according to a

Indian Muslim woman shouts slogans during a protest in Delhi against the ban on Muslim girls wearing hijab in class.

Hijab protests spread in India as girls refuse to be told what not to wear

February 10, 2022 2:45 AM CNN Newsource

By Rhea Mogul, Manveena Suri and Swati Gupta, CNN A college student has become a symbol of resistance in India’s Karnataka state, where religious tensions are rising over the right to wear religious clothing to school. Muskan Khan was attempting to hand in a college assignment in the city of Mandya when she was accosted

Right-wing media offers fawning coverage of Canadian truckers as it encourages similar protest in US

February 9, 2022 10:48 PM CNN Newsource

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. It appears the right-wing media universe supports the “occupy” movement after all. For weeks, Fox, talk-radio, podcasters, and sites like Breitbart have fawned over the Canadian truckers who have crippled

Amazon plans to open a distribution center in Ashland

February 9, 2022 9:34 PM ABC 17 News Team

ASHLAND, Mo. (KMIZ) Amazon is planning to open a distribution center in Ashland. We’ve learned the company will open it at the cartwright center near the Columbia airport. Ashland Mayor Richard Sullivan says a building will be modified and expanded to allow Amazon to open there.

Local business celebrates Black History Month

February 9, 2022 1:17 PM Erika McGuire

Nunnelly says there are many things that come with the business that people don’t think about.

New lawsuit targets alleged car warranty phone scams

February 9, 2022 8:42 PM CNN

By Peter Valdes-Dapena, CNN Business If you’re tired of getting random calls from companies claiming to be from “dealer services” and offering you an extended warranty on your car, the Federal Trade Commission is taking aim at some companies accused of making those calls. The FTC has filed suit against American Vehicle Protection Corp. of

Missouri lawmakers push to legalize sports betting

February 9, 2022 5:26 PM Chanel Porter

It’s Super Bowl week and last year, over 23 million Americans wagered a record $4.3 billion on the Super Bowl, but none of that happened in the state of Missouri.