Money

By Laura He, CNN China’s gross domestic product (GDP) for 2021 was over half a trillion yuan more than initially calculated, official data revealed Tuesday. The update comes at a time the world’s second-largest economy faces severe strain from an unprecedented wave of Covid infections sweeping the country. The new data from China’s National Bureau

By Rhea Mogul, CNN Ukrainian President Volodymyr Zelensky said Monday he was relying on India’s help to implement a “peace formula” during a phone call with Prime Minister Narendra Modi. The call comes as New Delhi seeks to boost trade ties with Moscow after becoming one of the largest purchasers of Russian oil — defying

By Clare Duffy, CNN Americans upped their spending during this year’s holiday season, as inflation forced consumers to shell out more for retail goods and dining experiences. US retail sales increased 7.6% during the period of November 1 to December 24, compared to the same time last year, according to the Mastercard Spending Pulse, released

By Allison Morrow, CNN The stunning collapse of one of crypto’s most prominent firms has quickly morphed into a legal battle pitting former executives and ex-romantic partners against one another. Last week, as FTX founder Sam Bankman-Fried was being extradited to the United States from the Bahamas, two of his former business partners pleaded guilty

By David Goldman, CNN Business In some parts of snow-buried America, last-minute Christmas gifts are turning into early New Year’s presents. A massive winter storm that blasted much of the United States with brutal winter weather has forced shipping companies to ground planes, close package facilities and keep its trucks off the road. The dangerous

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

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

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

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

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