Money

By Frank Pallotta, CNN Business Look out, box office records. Here comes Spider-Man. “Spider-Man: No Way Home,” the latest movie in the Marvel series, notched a massive opening day at the domestic box office Friday by bringing in $121.5 million, according to its studio, Sony. That is the second highest opening day in box office

By Allison Morrow, CNN Business Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. One of the more insidious myths making the rounds this year was that young people didn’t want to work because they were getting by just fine

by Ramishah Maruf, CNN Business This year hackers have unleashed cyberattacks against pipelines, ferry boats, meat packers, even police departments. And now they’ve come for the cream cheese. In October, a cyberattack against the largest US cheese manufacturer contributed to a nationwide cream cheese shortage shortly before the holidays, Bloomberg News reported, endangering holiday treats

Opinion by Bill Carter for CNN Business Perspectives I confess to being old enough to have watched the premiere of “Saturday Night Live” in 1975. It was, from the start, exciting, ground-breaking television. Since then, I have seen the majority of episodes. Not all of them, of course, because like most “SNL” viewers, I have

By Nathaniel Meyersohn, CNN Business Higher prices for gas and groceries are taking a toll on Jen Kendra’s finances, and she’s had to make some difficult tradeoffs this holiday season. Her kids will be getting smaller gifts. The rest of the family won’t get any at all. Kendra, who lives with her husband and two

By Pete Muntean, CNN Business Southwest Airlines CEO Gary Kelly, who testified unmasked at a Senate hearing on Wednesday, has since tested positive for the coronavirus, the airline said in a statement. “Although testing negative multiple times prior to the Senate Commerce Committee Hearing, Gary tested positive for COVID-19 after returning home, experiencing mild symptoms,

By Kara Scannell Two staffers with Forbes magazine testified before the grand jury investigating the Trump Organization on Thursday as investigators focus on former President Donald Trump’s statements about his net worth. Randall Lane, chief content officer and editor at Forbes, wrote in an article published Friday that he and a colleague Chase Peterson-Withorn were

By Frank Pallotta, CNN Business “Everybody loves a hero.” The immortal words of Aunt May from 2004’s “Spider-Man 2” ring truer than ever this weekend as audiences, Hollywood and especially theaters await the biggest film of the year. “Spider-Man: No Way Home,” the latest Spider-Man adventure from Sony and Marvel, opens this weekend, and is

By Paul R. La Monica, CNN Business Wall Street is getting nervous about what will happen to the economy next year. The big concern is whether inflation will run too hot, forcing the Federal Reserve to step in with more rate hikes to stop rising prices in their tracks. The Dow fell more than 530

By Anneken Tappe, CNN Business Volatility is back on Wall Street: Stocks fell as central banks around the world turn more hawkish and worries about the omicron variant increase ahead of the holidays. US stocks mostly added onto their losses from the prior session, with the Dow falling as much as more than 600 points

By Walé Azeez, CNN Business A billionaire British aristocrat is taking the publisher of the Daily Mail and Mail Online private after agreeing to buy out minority shareholders in a deal valuing the company at £885 million ($1.2 billion). Lord Rothermere, whose great grandfather founded the newspaper empire in 1896, announced the buyout bid for