Money

By Ramishah Maruf, CNN The Texas jury’s decision last week to have Alex Jones face punitive damages of more than $45 million in a lawsuit filed by the parents of Sandy Hook shooting victim Jesse Lewis was a “reckoning that was 10 years in the making,” CNN’s chief media correspondent Brian Stelter said. A pair

By Julia Horowitz, CNN Business The US dollar has been on a tear this year. That’s good news for American tourists gallivanting around Europe, but bad news for pretty much every other country in the world. The greenback is up more than 10% in 2022 compared to other top currencies — near its highest level

By Julia Horowitz, CNN Business After the Federal Reserve’s July meeting, investors quickly reached a consensus: The central bank was turning slightly dovish. After embarking on an aggressive rate-hike spree this year in a bid to fight inflation, the Fed indicated it could downgrade the size of its hikes moving forward. “We’ve been front-end loading

By Frank Pallotta, CNN Business Netflix has had a terrible 2022. In April, it said it lost subscribers for the first time since 2011. Its stock has tumbled more than 60% so far this year. Yet its recent struggles may not be the start of a downward spiral or the beginning of the end for

By Ramishah Maruf, CNN Tesla’s autopilot and self-driving claims are under fire again, this time from the California Department of Motor Vehicles in a complaint it filed on July 28. The complaint alleges that the company made “untrue or misleading” statements in advertisements on its website by claiming that Tesla vehicles were, or could be,

By Natasha Chen, CNN Business On any given weekend night in North Hollywood, a group of dancers in outlandish costumes holds signs urging customers to stay away from the Star Garden topless bar. More than a dozen of the club’s dancers say they’ve been locked out for four-plus months because they petitioned the owners to

By Nathaniel Meyersohn, CNN Business Kirkland Signature. Two-Buck Chuck. Simple Truth. Cat & Jack. Great Value. Amazon Basics. Store brands have never been more popular. They have become forces in their own right and make up around 21% of sales in the $1.17 trillion US grocery industry, according to IRI. As prices surge, store brands

By Vedika Sud, Barbara Starr, Sahar Akbarzai and Kathleen Magramo, CNN The United States is to take part in a joint military exercise with India less than 100 kilometers (62 miles) from the South Asian country’s disputed border with China. The military drills will be held in mid-October at an altitude of 10,000 feet in

Opinion by Dana Peterson for CNN Business Perspectives Most recessions in US history have been accompanied by severe job losses and high unemployment rates, but this time may be different. Should a recession take hold in the US, the ongoing labor shortage may be the key to protecting vulnerable workers in what may prove to