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.
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 2,800 cancellations of flights into, leaving and within the United States, according to flight tracking website FlightAware.
Continue Reading By Chris Isidore, CNN A popular misconception has emerged about Elon Musk and Tesla: The megabillionaire’s love affair with Twitter is the main reason Tesla shares have lost so much value this year. But Tesla’s steep stock selloff this week proved that the problems at Musk’s car company go well beyond Twitter. Even as Musk
Continue Reading By David Goldman, CNN Elon Musk’s wealth destruction has become historic. The CEO of Tesla, SpaceX and Twitter is worth $137 billion, according to the Bloomberg Billionaires Index, good enough for second place on the list of the world’s richest behind LVMH Chairman Bernard Arnault. But at its peak in November 2021, Musk’s net worth
Continue Reading By Ramishah Maruf, CNN Samsung recalled more than 660,000 washing machines, warning customers that the machine could short-circuit and overheat, posing a fire hazard. The company received 51 reports of “smoking, melting, overheating or fire involving the washers.” Ten of these reports resulted in property damage, and three customers reported injuries from smoke inhalation. Several
Continue Reading By Peter Valdes-Dapena, CNN Business Bugatti will sell its very last purely gas-powered supercar at a Paris auction on February 1, 2023. The one-of-a-kind model is expected to sell for millions of dollars. It’s a car that, Bugatti says, was never originally expected to be sold at all. The Bugatti Chiron Profilée was being developed,
Continue Reading By Clare Duffy, CNN Facebook parent company Meta has agreed to pay $725 million to settle a longstanding class action lawsuit accusing it of allowing Cambridge Analytica and other third parties to access private user information and misleading users about its privacy practices. The proposed settlement would end the legal battle that began four years
Continue Reading By Anna Bahney, CNN Business New home sales were up in November from the month before, even as prices remained elevated and buyers faced some of the highest mortgage rates of the year. Sales of newly constructed homes rose 5.8% in November from October, but were down 15.3% from a year ago, according to a
Continue Reading By Alicia Wallace, CNN The trend is clear: Inflation is cooling off in America. The Federal Reserve’s preferred measurement of inflation showed price increases continued to moderate in November, providing yet another welcome indication that the period of painfully high prices has peaked. The Personal Consumption Expenditures price index, or PCE, rose 5.5% in November
Continue Reading By Chris Isidore, CNN If you’re hoping that your last-minute Christmas gift will arrive on time, you may be out of luck. Amazon, the US Postal Service, UPS and FedEx are all warning that the winter storm hitting large swaths of the United States is disrupting operations in the final delivery days before Christmas. “FedEx
Continue Reading By Hanna Ziady, CNN Brits hoping for a new-year salary bump to offset soaring food and energy costs may be disappointed. The average British worker’s pay in 2023 is expected to fall back to 2006 levels once inflation is taken into account, according to PwC. Real wages, which factor in inflation, are expected to fall
Continue Reading By CNN staff Bone conduction headphones, TV streaming devices and Bluetooth speakers are among the tech gadgets topping holiday wish lists this year. Other notable products — ahem, the new 14 Pro and 14 Pro Max — are near impossible to find. But as the year comes to an end, the staff at CNN is
Continue Reading By Samantha Murphy Kelly, CNN Business Over the years, Apple has added touchscreens to almost every computing device imaginable, from phones and tablets to smartwatches, but it has refrained from bringing the feature to its Mac product line — even as a long list of rivals did so with their laptops and desktops. In 2010,
Continue Reading By Danielle Wiener-Bronner, CNN Comically oversized snack foods. A cocktail infused with processed cheese. And a fine dining establishment for feline lovers. In 2022, there were plenty of restaurants, food manufacturers and at least one artist collective that tried to break through with their shenanigans. These food stunts were often outrageous and sometimes regrettable. But
Continue Reading By Inke Kappeler, Xiaofei Xu and Anna Cooban, CNN Pig herds in Germany have shrunk to a record low as producers battle soaring input costs, adding to the list of German industries hobbled by the energy crisis. Pig stocks and the number of pig farm farms fell “because of the persistently difficult economic situation,” the
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