Money Archives

Missouri lawmakers push to legalize sports betting

February 9, 2022 5:26 PM Chanel Porter

It’s Super Bowl week and last year, over 23 million Americans wagered a record $4.3 billion on the Super Bowl, but none of that happened in the state of Missouri.

Uber had 118 million monthly active users on its platform last quarter

Uber’s business is over the pandemic slump

February 9, 2022 5:20 PM CNN Newsource

By Sara O’Brien, CNN Business Uber’s business is showing signs that it’s moving past the pandemic slowdown. The company reported Wednesday that its revenue grew 83% year-over-year to $5.8 billion in the final three months of 2021, as people increasingly turned to its ride-hail platform to get around and ordered food through its delivery service.

Sarah Palin takes the stand in defamation trial against the New York Times

February 9, 2022 4:49 PM CNN Newsource

By Sonia Moghe, CNN Former Alaska Governor Sarah Palin took the witness stand Wednesday in her defamation trial against the New York Times. Palin testified for about 15 minutes before court ended for the day. She sued the New York Times and former editorial page editor James Bennet in 2017 over an editorial they published

Disney+ now has 129.8 million subscribers

Disney regains some magic with better-than-expected streaming results

February 9, 2022 3:20 PM CNN Newsource

By Frank Pallotta, CNN Business Disney+ regained some of its magic on Wednesday with subscriber totals that exceeded Wall Street’s expectations. The streaming service now has 129.8 million subscribers, a gain of nearly 12 million in the company’s fiscal first quarter. Those results beat expectations and were a rebound for the media company after a

An oil pumpjack operated by the Yamashneft Oil and Gas Production Division of Tatneft

Oil could ‘easily’ hit $120 if Russia-Ukraine crisis escalates, JPMorgan warns

February 9, 2022 1:53 PM CNN Newsource

By Matt Egan, CNN Business Oil prices could soar to $120 a barrel if Russia’s crude exports are derailed by tensions with Ukraine, according to projections from JPMorgan. The forecast underscores how a potential invasion of Ukraine would cause wide-ranging ripple effects that would be felt by inflation-weary consumers around the world. “Any disruptions to

Microsoft Corporation Chief Executive Officer

Microsoft tries to win over regulators for its massive Activision Blizzard deal

February 9, 2022 1:13 PM CNN Newsource

By Brian Fung, CNN Microsoft is trying to persuade regulators to approve its $68.7 billion acquisition of Activision Blizzard with a series of new app store commitments that it says will put the company “on the right side of history” as policymakers worldwide debate new laws to force competition open in digital marketplaces. The 11-point

Advertising for the music streaming service Spotify in Herald Square in New York City on February 8

Web traffic to Spotify’s cancellation page spikes as company remains mired in Joe Rogan controversy

February 9, 2022 1:06 PM CNN

By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. The traffic to the cancellation page for Spotify Premium has jumped in recent weeks as the audio streaming company faces a wave of backlash over its support for podcaster Joe

Cryptocurrencies will be taking center stage during the ad breaks of Super Bowl LVI

Welcome to the crypto Super Bowl

February 9, 2022 12:56 PM CNN Newsource

By Paul R. La Monica, CNN Business The priciest Super Bowl commercials will cost a record $7 million this year, according to NBC. To put that into terms many of the big game’s advertisers will understand, that’s about 160 bitcoin or 2,200 ether. Cryptocurrencies will be taking center stage during the ad breaks of Super

Up to 40 of SpaceX's Starlink satellites are expected to fall out of orbit thanks to some inopportune timing: The company launched the satellites directly into a solar storm.

SpaceX will lose up to 40 satellites it just launched due to a solar storm

February 9, 2022 12:54 PM CNN Newsource

By Jackie Wattles, CNN Business Up to 40 of SpaceX’s Starlink satellites are expected to fall out of orbit thanks to some inopportune timing: The company launched the satellites directly into a solar storm. A batch of 49 Starlink internet satellites were on SpaceX’s latest launch on February 3, and now the company is expecting

Manufacturing CEO: Demand isn’t our problem. Keeping up with it is

February 9, 2022 12:45 PM CNN Newsource

By Matt Egan, CNN Business Sick workers. Computer chip shortages. Supply chain stress. Carrier Global, like countless other companies right now, is navigating a minefield of challenges to get orders out to its customers. Absent these operational headaches, the manufacturing giant estimates it would have been able to ship another $200 million to $300 million

An aerial view of the Tesla Fremont Factory on May 12

Tesla says California plans to sue over alleged discrimination, harassment

February 9, 2022 12:33 PM CNN Newsource

By Matt McFarland, CNN Business The California Department of Fair Employment and Housing will sue Tesla, alleging systematic racial discrimination and harassment, the automaker said in a blog post Wednesday. Department spokesperson Fahizah Alim declined to confirm or comment on the expected lawsuit. If filed, the lawsuit would be the latest in a series of

Web traffic to Spotify’s cancellation page spikes as company remains mired in Joe Rogan controversy

February 9, 2022 12:15 PM CNN Newsource

By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. The traffic to the cancellation page for Spotify Premium has jumped in recent weeks as the audio streaming company faces a wave of backlash over its support for podcaster Joe

Advertisement for the Samsung Galaxy S21 smartphone at an underground shopping area in Seoul on April 28

Goodbye Samsung Galaxy Note. Hello Galaxy S22 Ultra

February 9, 2022 12:03 PM CNN

By Samantha Murphy Kelly, CNN Business Samsung’s Galaxy Note smartphone line appears to be discontinued. But for those who miss it, the Note lives on in one of Samsung’s new flagship devices. The company announced during a virtual event on Wednesday its next-generation flagship Galaxy S smartphones: the Galaxy S22, Galaxy S22 Plus and the

Discovery and AT&T received a long-awaited green light from the Justice Department on Wednesday

Discovery’s bid to merge with WarnerMedia wins final government approval

February 9, 2022 10:56 AM CNN Newsource

By Brian Stelter, CNN Business Discovery and AT&T received a long-awaited green light from the Justice Department on Wednesday, driving the two companies closer to completing Discovery’s takeover of WarnerMedia. AT&T is planning to spin off CNN and the rest of WarnerMedia in the coming months, at which point Discovery will merge with WarnerMedia, creating

Economists and investors have been closely watching climbing producer prices and wages for clues on where inflation is heading. They're rising

Do supply chains hold the key to reducing inflation?

February 9, 2022 10:46 AM CNN

By Julia Horowitz, CNN Business Economists and investors have been closely watching climbing producer prices and wages for clues on where inflation is heading. They’re rising, which could add to inflationary pressure in the coming months. But on another front — supply chain backlogs — there are some welcome signs of relief. What’s happening: An

Goodbye Samsung Galaxy Note. Hello Galaxy S22 Ultra

February 9, 2022 10:06 AM CNN

By Samantha Murphy Kelly, CNN Business Samsung’s Galaxy Note smartphone line appears to be discontinued. But for those who miss it, the Note lives on in one of Samsung’s new flagship devices. The company announced during a virtual event on Wednesday its next-generation flagship Galaxy S smartphones: the Galaxy S22, Galaxy S22 Plus and the

Maersk has a front-row seat to global supply chains. It says more trouble is ahead. The supply chain issues that have walloped the global economy and spurred inflation during the coronavirus pandemic are not getting much better

Maersk CEO sees more supply chain trouble ahead

February 9, 2022 9:46 AM CNN Newsource

By Rob North and Chris Liakos Maersk has a front-row seat to global supply chains. It says more trouble is ahead. The supply chain issues that have walloped the global economy and spurred inflation during the coronavirus pandemic are not getting much better, Maersk CEO Søren Skou told CNN Business on Wednesday. “Right now the

Coca-Cola's CEO warned that consumers might not accept high prices for much longer.

Consumers won’t accept high prices for long, Coke CEO warns

February 9, 2022 9:46 AM CNN

By Danielle Wiener-Bronner, CNN Business The tide could be turning on consumers’ willingness to pay higher prices, Coca-Cola CEO James Quincey warned Thursday. Consumer goods companies have been steadily hiking prices as their own production costs rise, and so far, shoppers seem to be accepting the increases. Executives at McDonald’s, Chipotle and elsewhere have recently

There's an uninvited guest coming to your Super Bowl party this year: inflation. Last year's shindig may have been a casualty of Covid hibernation. This year

Your Super Bowl party will be much more expensive this year

February 9, 2022 9:46 AM CNN Newsource

By Christine Romans, CNN Business There’s an uninvited guest coming to your Super Bowl party this year: inflation. Last year’s shindig may have been a casualty of Covid hibernation. This year, with mass vaccinations and more widespread testing, such a get-together is finally possible. And with it comes a grocery bill that reflects the surging

Here’s what happens when salary is actually included in job listings

February 9, 2022 8:48 AM CNN Newsource

By Kathryn Vasel, CNN Business Job listings can be extremely detailed, with long lists of responsibilities and required skills, descriptions of company culture and perks, and numerous other reasons for why you might want to work there. But there’s often one glaring omission: the pay. Only about 12% of postings from US online job sites