By David Goldman, CNN Business A punishing winter storm that dumped multiple feet of snow across much of America led to widespread flight cancellations over the Christmas holiday. By Monday, air travel was more or less back to normal — unless you booked your holiday travel with Southwest Airlines. More than 90% of Tuesday’s US
Continue Reading By Paul R. La Monica, CNN Oil stocks skyrocketed in 2022, so it’s no surprise funds that track the energy sector were Wall Street winners this year. But the top fund of the year is a surprising one: It invests in a variety of companies based in Turkey. The iShares MSCI Turkey exchange-traded fund had
Continue Reading By Nicole Goodkind, CNN Business The Dow fell more than 300 points on Thursday as strong jobs data spooked investors. A number of reports this week show that the labor market remains resilient to the Federal Reserve’s attempts to tame inflation by raising interest rates and cooling the economy. The reports stoked investors’ fears that
Continue Reading By Matt Egan, CNN Business Gas prices will probably be significantly cheaper overall next year. Yet the national average could still climb back above the $4-a-gallon threshold as soon as May, according to GasBuddy projections shared exclusively with CNN. The good news is that GasBuddy, an app that tracks fuel prices, doesn’t expect a repeat
Continue Reading By Matt Egan, CNN Business Gas prices will probably be significantly cheaper overall next year. Yet the national average could still climb back above the $4-a-gallon threshold as soon as May, according to GasBuddy projections shared exclusively with CNN. The good news is that GasBuddy, an app that tracks fuel prices, doesn’t expect a repeat
Continue Reading By Laura He, CNN China’s gross domestic product (GDP) for 2021 was over half a trillion yuan more than initially calculated, official data revealed Tuesday. The update comes at a time the world’s second-largest economy faces severe strain from an unprecedented wave of Covid infections sweeping the country. The new data from China’s National Bureau
Continue Reading By Rhea Mogul, CNN Ukrainian President Volodymyr Zelensky said Monday he was relying on India’s help to implement a “peace formula” during a phone call with Prime Minister Narendra Modi. The call comes as New Delhi seeks to boost trade ties with Moscow after becoming one of the largest purchasers of Russian oil — defying
Continue Reading By Clare Sebastian, CNN Russia’s currency hit an eight-month low Thursday, adding to sharp declines in December as global oil prices fell, and Western sanctions targeted Russia’s energy sector. The ruble hovered below 72 to the dollar, down 18% from the start of the month, and its weakest level since late April. After almost halving
Continue Reading By Clare Duffy, CNN Americans upped their spending during this year’s holiday season, as inflation forced consumers to shell out more for retail goods and dining experiences. US retail sales increased 7.6% during the period of November 1 to December 24, compared to the same time last year, according to the Mastercard Spending Pulse, released
Continue Reading By Jordan Valinsky, CNN Business 2022 marked a return to the basics for many of America’s largest food companies. That left some fan favorites in the garbage heap of history. McDonald’s gave us a gut punch when it announced the end of the McRib, the Choco Taco is being sent to the confectionery cemetery and
Continue Reading By Yong Xiong, Xiaofei Xu and Nectar Gan, CNN China will drop quarantine requirements for international arrivals from January 8, in a major step toward reopening its borders that have shut the country from the rest of the world for nearly three years. Inbound travelers will only be required to show a negative Covid test
Continue Reading By Allison Morrow, CNN The stunning collapse of one of crypto’s most prominent firms has quickly morphed into a legal battle pitting former executives and ex-romantic partners against one another. Last week, as FTX founder Sam Bankman-Fried was being extradited to the United States from the Bahamas, two of his former business partners pleaded guilty
Continue Reading By David Goldman, CNN Business In some parts of snow-buried America, last-minute Christmas gifts are turning into early New Year’s presents. A massive winter storm that blasted much of the United States with brutal winter weather has forced shipping companies to ground planes, close package facilities and keep its trucks off the road. The dangerous
Continue Reading By Josh Campbell, CNN The FBI says America has a “pig butchering” problem. And it’s costing victims millions of dollars. “We’re not talking about what’s going on at farms,” said Frank Fisher, public affairs specialist at the bureau’s Albuquerque division. “We’re talking about a cryptocurrency investment scam that is sweeping the country.” The term pig
Continue Reading By Paul R. La Monica, CNN Investors saw a lot of red in 2022. But a company known for its magenta logo was a stock market darling this year. Shares of T-Mobile rose about 20% in 2022, even as rivals AT&T and Verizon tumbled. Ma Bell was down about 2% while Verizon plunged more than
Continue Reading By Paul R. La Monica, CNN Investors saw a lot of red in 2022. But a company known for its magenta logo was a stock market darling this year. Shares of T-Mobile rose about 20% in 2022, even as rivals AT&T and Verizon tumbled. Ma Bell was down about 2% while Verizon plunged more than
Continue Reading By Laura He, CNN China’s economy is under severe strain as a wave of Covid cases sweeps across the country. Since the world’s second largest economy drastically eased its Covid restrictions earlier this month, there has been no clear data on the extent of the virus’ spread on the national level. But several cities and
Continue Reading By Nathaniel Meyersohn, CNN Drive down any highway in America or turn on the TV for 10 minutes and you’ll probably see an advertisement for a personal injury lawyer. “Hurt in car crash? Injured on the job? Slipped in the store? Call this lawyer to get compensated now,” a typical ad for a plaintiff’s personal
Continue Reading By Nathaniel Meyersohn, CNN Drive down any highway in America or turn on the TV for 10 minutes and you’ll probably see an advertisement for a personal injury lawyer. “Hurt in car crash? Injured on the job? Slipped in the store? Call this lawyer to get compensated now,” a typical ad for a plaintiff’s personal
Continue Reading By Danielle Wiener-Bronner and Rebekah Riess, CNN Flight delays continued Saturday, interrupting travel during the busy holiday season as parts of the country were battered by a deadly winter storm. As of Saturday afternoon, there were upwards of 2,600 cancellations of flights into, leaving and within the United States, according to flight tracking website FlightAware.
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