Money

By Michelle Toh, CNN Business The chairman of Credit Suisse has resigned following an investigation commissioned by the Swiss bank’s board that reportedly looked at claims that he broke Covid-19 rules. António Horta-Osório said in a statement issued by Credit Suisse on Monday that “a number of my personal actions have led to difficulties for

By Nectar Gan, CNN Business China’s birth rate plummeted for a fifth consecutive year to hit a new record low in 2021, despite government efforts to encourage couples to have more children in the face of a looming demographic crisis. The world’s most populous country recorded 10.62 million births last year, or only 7.5 births

By Laura He, CNN Business China’s economy expanded 8.1% last year, far exceeding the government’s own targets. But weakening growth in the closing months of 2021 suggests that trouble is still on the horizon as the country contends with a deepening real estate crisis, renewed Covid outbreaks and Beijing’s strict no-tolerance approach to controlling the

By Ramishah Maruf, CNN Business Dr. Mehmet Oz has gone from one of the country’s most recognizable TV personalities to a polarizing Republican Senate candidate — and his primary campaign is exclusively targeted to Fox viewers. CNN research found that Oz has done 12 Fox interviews since announcing his candidacy for an open Senate seat

By Ramishah Maruf, CNN Business Martin Luther King, Jr. Day on Monday, Jan. 17, is a national holiday — which means some institutions and businesses may be closed. The national holiday observes the birthday of civil rights leader Reverend Martin Luther King Jr.,who won the Nobel Peace Prize in 1964. He was assassinated four years

By Allison Morrow, CNN Business Do you think inflation is going to moderate over the next year or remain elevated? The answer may depend in part on how you vote. Democrats and Republicans have wildly different expectations for inflation in 2022. Republicans expect prices to rise about 7% over the next year — more than

By Frank Pallotta, CNN Business “We’re in the middle of a cold, dark winter,” James Austin Johnson as President Joe Biden said kicking off this weekend’s “Saturday Night Live.” “This winter is so dark, Republicans don’t think it should vote.” Johnson’s Biden then explained this virus has disrupted our lives, the holidays, gender reveal parties

By Ramishah Maruf, CNN Business Airlines have so far canceled 2,800 flights Sunday as a powerful winter storm packing rain, sleet and snow is poised to hit the East Coast on the holiday weekend. Almost 95% of the flights out of Charlotte Douglas International Airport in North Carolina, an American Airlines hub, are canceled, according

By Frank Pallotta, CNN Business Last year was a dress rehearsal for the future of movie theaters. This year will show if movies theaters are back for real. After a terrible 2020 that ravaged the movie theater industry, cineplexes turned on their projectors in 2021 for big hits like “Shang-Chi and the Legend of the

By Parija Kavilanz, CNN Business Grocery stores had already been struggling to keep their shelves stocked because of supply chain delays and Omicron sickening workers. Now, markets across America are bracing for a major winter storm that could keep store shelves empty even longer. A significant winter storm headed toward the Midwest, South and East

By Anneken Tappe, CNN Business Americans have watched prices spike during the pandemic. By the end of 2021, one inflation measure was near a four-decade high while another hit two records in a row. We know the causes: worker and product shortages have resulted in pandemic-era price hikes for such goods such as used cars,

By Oliver Darcy and Brian Stelter, CNN Business One America News, the right-wing conspiracy channel favored by former President Donald Trump, will be dropped later this year by DirecTV, a spokesperson for the television carrier said Friday evening. The move will deal a significant blow to the fringe outlet. Not only will OAN be removed

By Sonia Moghe, CNN A federal judge ruled Friday former pharmaceutical executive Martin Shkreli should be barred “for life” from participating in the pharmaceutical industry and ordered him to pay nearly $65 million in fines to seven states. The decision by US District Judge Denise Cote Friday was part of a civil case brought by