Money

By Eva Rothenberg and Chris Isidore, CNN New York (CNN) — Alaska Air (ALK) on Sunday announced it will buy rival Hawaiian Airlines (HA) for $1.9 billion. The acquisition was the culmination of “several months” of negotiations, according to Alaska Airlines CEO Ben Minicucci. It will include $900 million in Hawaiian Airlines debt. “This is

By Krystal Hur, CNN New York (CNN) — Clean energy stocks are out of vogue, as higher interest rates and lagging efforts to combat climate change dog the sector. Those obstacles might not go away anytime soon. The iShares Global Clean Energy exchange-traded fund, which tracks the performance of sectors from renewable electricity to semiconductors

By Eva Rothenberg, CNN (CNN) — Movie theaters slumped into a “Slow-vember,” say industry analysts, as several of the season’s most anticipated movies drew underwhelming box office sales last month. Domestic theaters grossed about $553.6 million this November, a 12% decline from last year and still more than $400 million short of pre-pandemic levels, according

By Parija Kavilanz, CNN New York (CNN) — With Thanksgiving out of the way, the hunt for a Christmas tree is on for plenty of families wanting to snag the perfect Fraser fir or pine for their homes this year. But spending on a real Christmas tree is yet another expense for households to add

By Jeanne Sahadi, CNN New York (CNN) — If you are in a 401(k) plan at work, you very likely have the option to invest in a so-called target date fund, which also may be called a retirement date fund or a lifecycle fund. At the end of 2020, the vast majority of plans (86%)

By Danielle Wiener-Bronner, CNN New York (CNN) — Egg and turkey prices are down. But a deadly bird flu is still threatening poultry flocks, turkey in particular. So while breakfast is likely to stay cheap, get ready for more expensive turkey sandwiches. Last year, a highly pathogenic avian influenza (HPAI) devastated chicken flocks, with egg-laying

By Jackie Wattles, CNN (CNN) — Amazon just inked a deal with chief competitor and Elon Musk-helmed SpaceX to launch internet-beaming satellites — a move that comes even as Amazon founder Jeff Bezos pursues his own space dreams with his own rocket company, Blue Origin, and as SpaceX builds its own internet constellation. While Musk

By Peter Valdes-Dapena, CNN New York (CNN) — Back In 2019, Tesla designer Franz von Holzhausen tried to show off the Cybertruck’s shatterproof windows by throwing a metal ball at each of the truck’s left side windows. The unbreakable windows… broke. “Oh my f**king God,” said Musk at that memorably awkward moment. “Well, maybe that

By Nathaniel Meyersohn, Parija Kavilanz and Samantha Murphy Kelly, CNN New York (CNN) — Walmart confirmed on Friday that it is not advertising on X, the social media platform owned by Elon Musk and formerly known as Twitter. “We are not actively advertising on X. This is not about a specific change to our advertising

By Anna Cooban, CNN London (CNN) — The world’s first cargo ship that produces nearly zero planet-heating pollution is on track to set sail in 2026, according to one of the firms behind the project. Fertilizer producer Yara International and its partners plan to power the Yara Eyde — which is yet to be built — mostly

By Bryan Mena, CNN Washington, DC (CNN) — Investors have mostly concluded that the Federal Reserve is done hiking interest rates, and are already looking toward rate cuts next year, possibly as early as in the first half of 2024. Fed Chair Jerome Powell says: Not so fast. “Having come so far so quickly, the

By Michelle Toh, CNN Hong Kong (CNN) — A US regulator has hit the China arm of prestigious “Big Four” firm PwC with a $7 million fine. The company failed to detect or prevent extensive cheating by its staff during internal training exams in mainland China and Hong Kong, the US Public Company Accounting Oversight

By Laura He, CNN Hong Kong (CNN) — Two Chinese business executives at companies controlled by the embattled financial conglomerate Zhongzhi have gone missing, according to statements by their respective firms. The development comes just days after Chinese authorities launched a criminal investigation into the troubled shadow bank, one of China’s largest. Last week, Zhongzhi told

By Samantha Delouya and Brian Fung, CNN (CNN) — A federal judge on Thursday temporarily halted Montana’s groundbreaking statewide TikTok ban, which was set to go into effect at the start of 2024, pending a trial on the matter. In an order, US District Judge Donald Molloy said that despite the state government’s attempt to

By Nicole Goodkind, CNN New York (CNN) — The Dow reached a new high for the year Thursday as easing inflation data and strong third quarter earnings from Salesforce shot the benchmark index 520 points, or 1.5% higher. While it was a mixed day for markets overall, all three major indexes managed to make November

By Krystal Hur, CNN New York (CNN) — Activist shareholder Nelson Peltz’s Trian Fund Management has launched a new proxy fight against Disney, just months after backing off from its earlier push after returned chief executive Bob Iger announced a vast cost-cutting plan for the media conglomerate. “Investor confidence is low, key strategic questions loom,

By Samantha Murphy Kelly, CNN (CNN) — A judge dismissed a lawsuit filed by the state of Indiana against TikTok accusing the company of making false claims about the safety of user data and age-appropriate content. Judge Jennifer DeGroote of Allen County Superior Court in Fort Wayne, Indiana, said the court “lacks personal jurisdiction” over TikTok