Money

By Julia Horowitz, CNN Business Every year, Wall Street’s top banks publish lengthy reports laying out what the next year could hold for investors, making predictions for economic growth and the trajectories of stocks and bonds. Some years, the prognostication is more successful than others. The pandemic has made the exercise particularly difficult. Early estimates

By Peter Valdes-Dapena, CNN Business The Lucid Air, the first model from California-based electric car start-up company Lucid Motors, has been named MotorTrend’s 2022 Car of the Year. It’s the first time any automaker has won the award with its first car. MotorTrend’s panel of judges lauded the Lucid Air for its extraordinary range and

By Pauline Lockwood, Bex Wright and Cape Diamond, CNN American journalist Danny Fenster has been freed from prison in Myanmar, according to a Myanmar military official and former New Mexico governor Bill Richardson, who had been on a private humanitarian visit to the country. Fenster’s release comes just days after the former managing editor of

By Laura He, CNN Business The Beijing Stock Exchange, President Xi Jinping‘s new financial baby, is finally here. The bourse was first announced by the Chinese Communist Party leader in September, and is intended to help small and medium-sized enterprises raise capital. The first batch of 81 firms started trading on Monday, including 10 initial

By Alaa Elassar, CNN The publisher of the video game Call of Duty: Vanguard has issued an apology after receiving criticism from Muslim players who noticed pages of the Quran lying on the floor during a gameplay scene. The pages from Islam’s holy book were seen scattered on the floor. In Islam, the Quran is

By Brian Stelter, CNN Business Former attorney general Bill Barr says Fox News host Maria Bartiromo called him up “screaming” about imaginary voter fraud, according to his account in a new book. “Betrayal,” by ABC’s chief Washington correspondent Jon Karl, highlights Bartiromo’s damaging role as a promoter of reckless lies about the election. In the

By Ramishah Maruf, CNN Business California gas prices hit $4.682 per gallon on Monday, setting a new record for the state for a second day in a row, according to the American Automobile Association. Monday’s price for regular unleaded was six-tenths of a cent higher than the Sunday average reported by AAA, which broke the

By Ramishah Maruf, CNN Business NPR books editor Petra Mayer died Saturday at age 46, NPR reported. Mayer was a popular editor on NPR’s Culture desk, drawing in readers and listeners with her outpouring of knowledge of cats, comics and science fiction, as well as her on-site reporting at Comic-Con. Mayer died at Holy Cross

By Anna Bahney, CNN Business The most expensive areas to live in the US have gotten even more pricey this year as the cost of homes has skyrocketed. The country’s top ten most expensive zip codes all have median home prices of more than $4 million, according to a report from Property Shark. This is

By Ramishah Maruf, CNN Business Elon Musk is trolling again on Twitter, and this time his target is Sen. Bernie Sanders. “I keep forgetting you’re still alive,” Musk tweeted Sunday morning, in response to Sanders tweeting that the extremely wealthy should pay their fair share of taxes. CNN Business has reached out to Sanders for

By Ramishah Maruf, CNN Business Mike Lindell doesn’t just sell pillows. He also sells false hope, CNN’s chief media correspondent Brian Stelter said on “Reliable Sources” Sunday. The My Pillow CEO is an insider in Trump world, rewarded with White House access and endorsements by the former president. Now, Lindell has moved on to broadcasting.

By Chris Isidore, CNN Business Elon Musk can thank investors for his staggering net worth of nearly $300 billion. But taxpayers played a crucial role as well. Just how much — or how little — Musk pays in taxes has gotten a lot of attention lately, and even prompted his Twitter poll last weekend that

By Parija Kavilanz, CNN Business It’s beginning to look a lot like pre-pandemic Christmas, with malls and stores bringing back tree lighting ceremonies, carol singers and a less socially distanced Santa this year. Photos with Santa, an annual holiday tradition for many families, were upended last year by the pandemic. Some retail locations that typically

By Paul R. La Monica and Julia Horowitz, CNN Business Consumer spending continues to power the US economy. Whether it’s to buy a new house or just a Squid Game plush toy from Amazon, people still seem willing to shell out their hard earned cash for stuff. Retail sales in the United States soared more