Money Archives

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

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 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

PepsiCo has been advertising more of its brands

Cap’n Crunch and Lunchables are showing up in video games now

February 9, 2022 8:39 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business Gaming is big business. And snack makers want in. Beverage brands have long been advertising directly to gamers. Red Bull has been active in the esports world for years, Monster Energy made waves when it appeared prominently in the game Death Stranding and PepsiCo has even developed a product, Mountain

Cap’n Crunch and Lunchables are showing up in video games now

February 9, 2022 8:39 AM CNN

By Danielle Wiener-Bronner, CNN Business Gaming is big business. And snack makers want in. Beverage brands have long been advertising directly to gamers. Red Bull has been active in the esports world for years, Monster Energy made waves when it appeared prominently in the game Death Stranding and PepsiCo has even developed a product, Mountain

Americans love Italian cars if they have big price tags and names like Ferrari and Lamborghini. But more mass-market Italian manufacturers like Fiat and Alfa Romeo have struggled to find their way into the hearts of American car buyers.

Alfa Romeo’s new SUV holds its hopes in the US

February 9, 2022 8:37 AM CNN Newsource

By Peter Valdes-Dapena, CNN Business Americans love Italian cars if they have big price tags and names like Ferrari and Lamborghini. But more mass-market Italian manufacturers like Fiat and Alfa Romeo have struggled to find their way into the hearts of American car buyers. Alfa Romeo does have its ardent fans in the United States.

Alfa Romeo’s new SUV holds its hopes in the US

February 9, 2022 8:37 AM CNN

By Peter Valdes-Dapena, CNN Business Americans love Italian cars if they have big price tags and names like Ferrari and Lamborghini. But more mass-market Italian manufacturers like Fiat and Alfa Romeo have struggled to find their way into the hearts of American car buyers. Alfa Romeo does have its ardent fans in the United States.

Billionaire tech investor Peter Thiel looks over the podium before the start of the second day session of the Republican National Convention in Cleveland

Peter Thiel is backing a new generation of Trump-aligned Republicans

February 9, 2022 8:20 AM CNN Newsource

By Clare Duffy and Brian Fung, CNN Business Peter Thiel, the controversial billionaire tech founder and investor, has used his fortune to encourage kids to skip college, to back a lawsuit that bankrupted Gawker Media and to donate to the presidential campaign of Donald Trump when many in Silicon Valley were strongly opposed to him.

Shamrock Shake and the Oreo Shamrock McFlurry returns on February 21.

Here’s when McDonald’s is bringing back the Shamrock Shake

February 9, 2022 8:15 AM CNN Newsource

By Jordan Valinsky, CNN Business McDonald’s is getting ready for spring with the arrival of the Shamrock Shake. Beginning February 21, the fan-favorite milkshake — as well as an Oreo Shamrock McFlurry — will go on sale at US restaurants for a limited time. Prices vary by location. This year, McDonald’s is also releasing the

Eating out has been a significant component of surging inflation. Food away from home got about 6% more expensive last year

Fast food prices are jumping. They could go even higher

February 9, 2022 7:17 AM CNN Newsource

By Julia Horowitz, CNN Business Buying a burrito bowl or a burger will hit your wallet a lot harder these days. What’s happening: An order at Chipotle costs about 10% more than it did one year ago, the restaurant chain said when reporting earnings on Tuesday. That means that if a steak burrito cost $8

Goodbye Samsung Galaxy Note. Hello Galaxy S22 Ultra

February 9, 2022 6:21 AM CNN Newsource

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

Netflix got slammed by Wall Street. Is Disney next?

February 9, 2022 5:19 AM CNN Newsource

By Frank Pallotta, CNN Business Wall Street was not kind to Netflix when the streaming giant released its year-end results last month. Weak financial guidance sent its stock tumbling. Is Disney+ — the other big name in streaming — about to take a similar beating? Disney is set to report first-quarter earnings on Wednesday and

U.S. Army troops of the 82nd Airborne Division unloading vehicles from a transport plane after arriving from Fort Bragg at the Rzeszow-Jasionka airport in southeastern Poland

News orgs call on Biden admin to allow journalists to embed with military forces as they deploy to Europe

February 8, 2022 10:19 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. Reporters who cover the US military are alarmed by a lack of access right now. For decades, American journalists have been granted embed opportunities when American military forces deploy abroad.