Money

By Paul R. La Monica, CNN Meme stock mania was supposed to be over, right? Guess what: It’s not. Sure, the entire market did well in January. But many of the Reddit/WallStreetBets darlings of two years ago were particularly strong performers. Shares of movie theater chain AMC have soared nearly 65% so far in 2023,

By Zoe Sottile, CNN Love is in the air — and it smells like Cracker Barrel. The restaurant chain has announced a romantic new venture for Valentine’s Day. Five lucky couples will have the chance to win free Cracker Barrel for a year, according to its website. Here’s the catch: To have a shot at

By Pete Muntean, CNN A FedEx cargo plane trying to land at an Austin, Texas, airport had to change course Saturday to avoid a potential collision with a Southwest Airlines jet that was taking off from the same runway, officials said. The National Transportation Safety Board said it’s investigating “a possible runway incursion and overflight”

By Chris Isidore, CNN Ford showed this week that it’s not going to be as easy for traditional automakers to catch Tesla in the race to build the better electric vehicle, despite what Tesla’s doubters think. Ford CEO Jim Farley was rather blunt about the problems that Ford experienced as it rolled out its hot

By Allison Morrow, CNN Super Bowl LVI was the crypto world’s coming out party. Buzzy firms made bold pitches last year, and shelled out millions of dollars on ads encouraging viewers not to be afraid of this new-fangled digital investment — and for God’s sake don’t miss out on this exciting opportunity! You can expect a

By Julia Horowitz, CNN Less than two weeks ago, Gautam Adani was the fourth-richest person in the world. With a personal fortune estimated at $120 billion, the self-made Indian industrialist was wealthier than either Bill Gates or Warren Buffett. Then Hindenburg Research, an American short seller with bets against Adani’s companies, accused him of pulling

By Allison Morrow, CNN America’s job market demonstrated its stunning resilience Friday, besting expectations by a factor of nearly three and making all those recession forecasts look pretty silly. Earlier this week, the consensus estimate among economists was that the US economy likely added about 185,000 jobs in January. That would have been a solid

By Peter Valdes-Dapena, CNN America’s major automakers are getting back into Formula 1 racing. Following General Motors’ recent announcement that it’s applying, along with Andretti Global, to field a team in the prestigious racing series, Ford has now announced that it’s getting back into the sport to help build engines. While GM’s plan requires approval

By Olesya Dmitracova, CNN One of Gautam Adani’s biggest international partners, TotalEnergies, said Friday that his Indian conglomerate is preparing to appoint a global accounting firm to conduct a “general audit” of its business. In a statement detailing what it described as its “limited” exposure of $3 billion to Adani Group businesses, the French company

By Alicia Wallace, CNN The US economy added an astonishing 517,000 jobs in January, showing that the labor market isn’t ready to cool down just yet. The unemployment rate fell to 3.4% from 3.5%, hitting a level not seen since May 1969 — two months before Neil Armstrong stepped on the moon — according to

By Diksha Madhok and Olesya Dmitracova, CNN Shares in most Adani Group companies slumped again Friday and India’s parliament was adjourned amid chaotic scenes as the mayhem surrounding one of the country’s biggest industrial conglomerates deepened. The ports-to-power empire, created by Gautam Adani, has been reeling since a US short seller, Hindenburg Research, accused it