Money

By Danielle Wiener-Bronner and Nathaniel Meyersohn, CNN It’s been a tough year for US consumers, who battled decades-high inflation for the majority of the year and even saw gas prices hit $5 in June. The latest inflation data, not adjusted for seasonal swings, shows price hikes have now slowed to 7.1% for the year through

By Tricia Escobedo, CNN Every New Year’s Eve, Anderson Cooper and Andy Cohen host four-and-a-half hours of live television, joined by celebrity guests and performers, as they count down to the new year. It’s a huge production, so as we head into this New Year’s weekend, we reached out to the team that has produced

By Alicia Wallace, CNN The current period of high inflation that has significantly impacted the US economy will also influence a New Year’s tradition: The annual state minimum wage increases. By January 1, hourly minimum wages in 23 states will rise as part of previously scheduled efforts to reach $15 an hour or to account

By Liam Reilly, CNN Approximately 16,000 union nurses have delivered notices to eight New York City hospitals announcing their intention to strike beginning on January 9th if a new contract agreement is not reached by then, according to a press release from the New York State Nurses Association (NYSNA). “NYSNA will continue to bargain non-stop

By Swati Gupta, CNN The Indian maker of a cough syrup linked to at least 18 deaths in Uzbekistan has halted production after an investigation by drug regulators, India’s health minister said Friday. Uzbekistan’s health ministry said the cough syrup, Doc-1, manufactured by the Indian pharmaceutical company Marion Biotech, had contained ethylene glycol, a toxic

By Nicole Goodkind, CNN Verbose writers afflicted with the tendency to deliver copy well above their requested word count are often advised by editors to kill their darlings — to throw out large swaths of stories that they’re particularly fond of. It appears that Wall Street has also caught on to the concept. This was

By Laura He, CNN As China moves ever closer to fully reemerging from three years of government-imposed Covid isolation and reintegrating with the world, economic expectations are high. Beijing’s recent pivot from its stringent zero-Covid strategy — which had long choked businesses — is expected to inject vitality into the world’s second-largest economy next year.

By Jordan Valinsky and Chris Isidore, CNN Tesla’s stock is finishing out its tumultuous year with yet more turbulence: It’s up almost 6% Thursday, but still down more than 10% since last week. And a new cut to its price target from Morgan Stanley isn’t helping. Year-to-date, the stock is down about 70%. Morgan Stanley

By Andy Rose, CNN The U.S. Virgin Islands government filed a lawsuit Tuesday against JPMorgan Chase, alleging that the Wall Street bank benefited financially from Jeffrey Epstein’s sex trafficking operation and failed in its duty to report suspicious financial activity. “Over more than a decade, JPMorgan clearly knew it was not complying with federal regulations

By Nicole Goodkind, CNN Business This hasn’t been a good year for the equities market. The S&P 500 is down nearly 20% and with two trading days left in the year, investors’ hopes of a miraculous recovery have been dashed. But even when the overall market is losing, there are still winners — and there

by Diksha Madhok Users around the world struggled to access Twitter on Wednesday—even as an error message urged “don’t fret… Let’s try again.” As intermittent outages spread, the hashtag #TwitterDown began to trend globally. “User reports indicate Twitter is having problems since 7:13 pm EST,” according to outage detection site Downdetector, where many of the