Money

By Frank Pallotta, CNN Business Netflix‘s stock fell as much as 20% in after hours trading due to a bad outlook for its future growth. Netflix now has 221.8 million subscribers globally. It added 8.2 million subscribers in the fourth quarter of 2021, the company reported on Thursday. That number slightly missed the streaming service’s

By Matt McFarland, CNN Business Two leaders in motor vehicle safety testing said Thursday that they will rate the driver monitoring systems that are supposed to help make technologies like Tesla’s Autopilot safe. The Insurance Institute for Highway Safety and Consumer Reports are pushing for safeguards that go further than what the auto industry and

By Pete Muntean The Federal Aviation Administration has cleared more commercial airliners — notably more smaller, regional jets — to fly in the situations where pilots consider possible 5G interference to be the most dangerous. In a new statement, the FAA says it has issued more approvals that allow 78% of the US commercial airliner

By Chris Isidore, CNN Business Airline executives breathed a sigh of relief to their investors Thursday, saying they believe the threat to their operations from the rollout of 5G technology is now behind them. Although AT&T and Verizon have agreed only to temporarily delay 5G deployment at major airports, the CEOs of American and United

By Nathaniel Meyersohn, CNN Business You may think that store and restaurant workers in America who catch Covid-19 are staying home to recover and keep the public safe. But millions of frontline employees aren’t able to do that without missing a paycheck. So, many Americans, working precarious, low-wage jobs in the service industry, can’t stay

Opinion by Mark Wolfe for CNN Business Perspectives Energy is an essential component of our day-to-day lives. We use it to cook our food, stay warm in the winter and cool our homes in the summer. But home energy prices have risen during the pandemic while more people are struggling to just get by. For

By Jordan Valinsky, CNN Business Peloton CEO John Foley acknowledged Thursday that the company is “considering all options” — including layoffs and production curbs — after a report that the fitness firm has stopped manufacturing its bikes and treadmills sent shares crashing. His statement did not reference any specific report, but said “rumors that we

By Jordan Valinsky, CNN Business McDonald’s is selling a dessert that fans haven’t seen in about five years. Roughly 6,800 of its 14,000 US restaurants have begun selling a blueberry and crème pie, which is a sweet pastry that’s filled with blueberries and a vanilla-flavored crème and baked in a pie crust. McDonald’s last sold

By Hannah Rabinowitz A federal judge on Thursday denied InfoWars host and right-wing conspiracy theorist Owen Shroyer’s attempt to dismiss the four charges against him in connection with the January 6 Capitol riot. Shroyer has been charged with four misdemeanors, including disorderly conduct on Capitol grounds. He has pleaded not guilty. In December, Shroyer’s lawyer

By Anneken Tappe, CNN Business The rebound just wasn’t meant to be. After rallying for much of the day, Wall Street’s major indexes dropped into negative territory in the afternoon. The S&P 500 closed 1.1% lower, while the Dow dropped 0.9%, or 313 points. The Nasdaq Composite ended down 1.3%, after swinging more than 3%

By Anna Cooban, CNN Business Champagne houses are celebrating after sales and exports set new records last year even as pandemic lockdowns forced many bars and restaurants to close. Comité Champagne, a trade association representing more than 16,000 winegrowers and 320 Champagne houses, said Wednesday that France exported a record 180 million bottles of bubbly

By Anna Bahney, CNN Business In the third jump of 2022, mortgage rates rose to a high not seen since the early days of the pandemic. The 30-year fixed-rate mortgage averaged 3.56% in the week ending January 20, up from an average 3.45% the week before, according to Freddie Mac. It’s the highest since March

By Vanessa Yurkevich, CNN Business Wages are not keeping up with inflation. The price of cars has grown significantly faster than earnings, a new analysis by the Anderson Economic Group found. The price of new and used cars increased by 11.8% and 37.3% respectively in December 2021 from December 2020, while wages increased by 4.9%

By Chris Isidore, CNN Business Both American Airlines and United Airlines reported better-than-expected financial results, despite problems brought on by the Omicron surge during the holiday travel period. But both said they expect problems from the variant early this year. American, the nation’s largest airline, lost $921 million in the quarter, excluding special items. That

By Charles Riley, CNN Business It’s been a year since President Joe Biden took the reins at the White House. How’s the stock market doing? The answer is pretty darn good. The S&P 500 has increased nearly 18% since Biden took office on January 20, 2021, hitting a slew of new record highs along the