Money

By Paul R. La Monica, CNN Business Wall Street was betting on a red wave in the midterm elections Tuesday. But it appears that didn’t happen. And investors saw red on their trading screens Wednesday. Stocks ended the day broadly lower, with the Dow plunging more than 645 points, or 2%. Merck was the only

By Jackie Wattles, CNN Business A cargo spacecraft successfully docked with the International Space Station Wednesday morning, despite making its two-day trek through space with only one functioning solar panel. US defense contractor Northrop Grumman’s Cygnus spacecraft, which was carrying 8,200 pounds of science experiments and supplies for the astronauts on board the ISS, lifted

By Frank Pallotta, CNN Business Changes are coming for Wordle … again. For starters the New York Times this week named Tracy Bennett the new editor of Wordle, the wildly popular online puzzle game that gives players six chances to guess a five-letter word daily. With an editor in place, the Times said that the

By Nicole Goodkind, CNN Business The results of Tuesday’s midterm elections will set the agenda for the next Congress. That could mean changes to fiscal policy, which uses taxes and government spending to influence a country’s economy. But when it comes to the stock market, this election ranks fairly low on the list of things

By Nathaniel Meyersohn, CNN Business If residents of Alabama, Utah, Alaska, Hawaii or Nevada wanted a chance to win this week’s record Powerball jackpot, they had to travel to another state to buy a ticket. These five states do not offer government-operated lotteries or participate in interstate drawings with rollover jackpots such as Powerball or

By Eoin McSweeney and Ella Nilsen, CNN China and the other 104 members of the Asian Infrastructure Investment Bank are “deeply committed” to their net-zero targets, says the chief of the continent’s largest multilateral development bank. “All of the members are committed to net zero, particularly many developing countries who certainly have a lot of

By Swati Gupta, Rhea Mogul, Sandi Sidhu and Mohit Lathiya, CNN A marigold garland hangs across a photo frame with the faces of 12 members of the Bodha family who died when a bridge collapsed beneath them during a family outing in Gujarat, eastern India. “There have been a lot of deaths,” said grandfather Sundarji

By Frank Pallotta, CNN Business Disney’s fourth quarter earnings were a mix of good and bad news for the company. The good: the company added 12.1 million new Disney+ subscribers, for a total of 164.2 million global subscribers, exceeding Wall Street’s expectations. The bad: Disney missed projections for other aspects of its business, including revenue.

By Paul R. La Monica, CNN Business #RedWave? #VoteBlue? Wall Street saw green on this midterm Election Day. Stocks ended Tuesday with solid gains, extending Wall Street’s winning streak to a third straight day. The Dow finished up almost 335 points, or 1%. The Nasdaq and S&P 500 rose 0.5% and 0.6% respectively. The Dow

By Matt Egan, CNN Business Wall Street is waiting for the results of Tuesday’s midterm election like the rest of the world, but traders say this week’s inflation report may prove to be far more consequential to markets. “Obviously this midterm election — because democracy is on the ballot — is a big deal in