Money

By Danielle Wiener-Bronner, CNN Business Johnson & Johnson has agreed to a $230 million settlement with New York state, resolving complaints from the state’s attorney general over the pharmaceutical company’s role in the opioid epidemic. “Johnson & Johnson helped fuel this fire,” New York Attorney General Letitia James said in a statement Saturday. “While no

By Michelle Toh, CNN Business Hong Kong has long been Asia’s leading financial hub, straddling the West and China. But as Beijing tightens its grip on a city still largely cut off by coronavirus restrictions, it’s increasingly tricky for tech, media and banks to do business — and some fear the end of an era.

CNN’s Brianna Keilar rolls the tape on how Fox News host Laura Ingraham conducted an interview with a Capitol rioter who seemed to downplay the attack.

By Moira Ritter, CNN Business An anchor for GB News, a newly-launched TV channel in Britain that has been compared to Fox News in the US, said he is taking a break after just two weeks on the job. At the end of his regular program Thursday, Andrew Neil, who also serves as chairman of

By Paul R. La Monica, CNN Business It should be no surprise to hear that the founder of an investment firm named after the Hindenburg is looking for stocks that will crash and burn. Nate Anderson, founder of Hindenburg Research, has made a name for himself in the past few years by targeting companies that

By Frank Pallotta, CNN Business As Dominic Toretto, the main character of the Fast & Furious franchise, once said, “it don’t matter if you win by an inch or a mile, winning’s winning.” That’s true, but the movie theater industry really needs this weekend’s box office to win by a lot. “F9: The Fast Saga,”

By Danielle Wiener-Bronner, CNN Business Restaurants across the country have been reporting difficulty hiring as customers return in droves. We’ve heard from some former servers who cited the stress of the job under these conditions as one reason for switching careers. For those who’ve stayed, we want to know: What is it like to work

By Chauncey Alcorn, CNN Business The nationwide rollout of the Pearl Milling Company brand name — formerly known as Aunt Jemima — is underway. The new brand said breakfast products in its Pearl Milling Company packaging began to ship on May 31. The new packaging has the same red and yellow color scheme as Jemima’s

By Anneken Tappe, CNN Business Prices rose yet again in May and a key measure of inflation hit new multi-year highs. The price index tracking personal consumption expenditure, or PCE, climbed 3.9% in the year ending May, the Bureau of Economic Analysis reported Friday. It was the highest level since August 2008 and exceeded April’s

By Julia Horowitz, CNN Business “We have a deal.” Those words, from President Joe Biden on infrastructure spending, were enough to trigger a Wall Street celebration. What’s happening: Stocks rallied Thursday as Biden confirmed that Republican and Democratic senators — including Mitt Romney and Joe Manchin — had reached an agreement with White House officials