Money

By Hanna Ziady, CNN Business UK Finance Minister Kwasi Kwarteng will try to avoid spooking investors a second time when he publishes details of plans to tackle ballooning government debt and kickstart economic growth on Halloween. Kwarteng announced the Oct. 31 date in a letter to the Treasury on Monday, pulling his midterm budget forward

By Julia Horowitz, CNN Business Former Federal Reserve Chair Ben Bernanke, Douglas Diamond and Philip Dybvig were awarded the Nobel Prize in economics on Monday for their work on banks and financial crises. The three US economists were recognized by the Royal Swedish Academy of Sciences for their work in the early 1980s, which the

By Diksha Madhok, CNN Business On a late August evening in New Delhi, journalists’ phones started buzzing with messages. Indian billionaire Gautam Adani’s conglomerate had just launched a hostile bid to take over an influential broadcaster in the capital. The infrastructure tycoon is known for making bold and expensive acquisitions in diverse fields. Yet, his

By Jim Bittermann, CNN The trial of two of France’s biggest companies began Monday over the crash of Air France flight 447 in 2009 that killed 228 passengers and crew. The national flag carrier and Toulouse-based Airbus have been charged with involuntary homicide for their part in the disaster over the Atlantic. Both companies were

By Julia Horowitz, CNN Business The Bank of England announced Monday that it would provide extra support to UK markets, beefing up its efforts to ensure financial stability after the government’s plan to slash taxes while boosting borrowing stoked panic. The central bank said that it was ready to buy up to £10 billion ($11

By Laura He, CNN Business Holiday spending during China’s Golden Week has plunged to its lowest level in seven years, as broad Covid curbs discouraged people from traveling or spending, while a darkening economic outlook continues to erode consumer confidence. Tourist spending for the week-long holiday that started on October 1 declined 26% to 287.2

By Zoe Sottile, CNN The bright orange, sticky residue that Cheetos leave on your fingertips has now been immortalized — by a 17-foot statue in Alberta, Canada. The Cheetos brand erected the statue of a hand holding a massive Cheeto, complete with orange fingertips, in Cheadle, Alberta. The community was chosen because of its name’s

By Ramishah Maruf Columbus Day, and now Indigenous People’s Day, will be observed on Monday, October 10 this year, and while some will have the day off from work or school, others may wonder what errands they can run or what movies to see. The federal holiday is always celebrated the second Monday of October.

By Chris Isidore and Christine Romans, CNN US factories are humming, and manufacturers are scrambling to find workers as the pace of hiring hits levels not seen in decades. Friday’s September jobs report showed US manufacturers added another 22,000 workers in September, increasing employment in the sector by nearly 500,000 over the course of the

By Paul R. La Monica, CNN Business There’s lots of anxiety swirling about a possible recession. Is Corporate America starting to get nervous, too? We’ll get a better sense this week when several top financial firms and consumer companies report third-quarter earnings. Asset management giant and iShares owner BlackRock is due to report Thursday. JPMorgan

By Frank Pallotta, CNN Business HBO has created a kingdom of hits, with none as popular as “Game of Thrones.” But “Game of Thrones” ended with a thud in 2019 when critics and fans were unhappy with the fantasy epic’s ho-hum conclusion (Bran Stark on the Iron Throne? C’mon!). So what was HBO to do?

By Kelly McCleary, CNN “Saturday Night Live” opened its show this week by testing the temperament of contestants being read news headlines on a game show called “So You Think You Won’t Snap!” “Have you noticed that everyone around you is angry and crazy? People are flipping out at Target, stabbing is back and the

By Ramishah Maruf, CNN ExxonMobil has been ordered to reinstate two scientists who were fired after being suspected of leaking information to The Wall Street Journal, the US Labor Department said Friday. A federal whistleblower investigation found the oil and gas giant terminated the two computational scientists illegally in late 2020. The Labor Department’s Occupational

By Peter Valdes-Dapena, CNN Business Rivian, the Irvine, California-based electric vehicle company, is recalling nearly all the vehicles it has produced to tighten a loose fastener in the vehicles’ front suspension. The recall involves 12,212 electric pickups, vans and SUVs, according to paperwork the company filed with the National Highway Traffic Safety Administration. The Amazon-backed

By Julia Horowitz, CNN Business Pension funds are designed to be dull. Their singular goal — earning enough money to make payouts to retirees — favors cool heads over brash risk takers. But as markets in the United Kingdom went haywire last week, hundreds of British pension fund managers found themselves at the center of