Money

By Jordan Valinsky, CNN Walmart is laying off more than 2,000 workers at five US warehouses that fulfill website orders, weeks after America’s largest private employer warned it’s in for a tough year ahead. The retail giant is cutting more than 1,000 jobs in Texas, 600 jobs in Pennsylvania, 400 in Florida and 200 in

By Julia Horowitz, CNN Few brands are big enough to sell three beers for nearly $100. Elon Musk’s Tesla may be one. The electric car company has launched a limited edition “GigaBier,” a pilsner-style brew made in Germany. Presented in a glossy black sleeve, the bottle is designed to emulate Tesla’s Cybertruck. The beer —

By Nicole Goodkind, CNN Some of the world’s largest oil exporters shocked markets over the weekend by announcing that they would cut oil production by more than 1.6 million barrels a day. OPEC+, an alliance between the Organization of the Petroleum Exporting Countries (OPEC) and a group of non-OPEC oil-producing countries, including Russia, Mexico, and

By Anna Cooban, CNN Virgin Orbit, the rocket company founded by British billionaire Richard Branson, has filed for bankruptcy in the United States. The California-based company said in a statement Monday that it had filed for Chapter 11 bankruptcy, meaning that it can continue doing business while it restructures its debts. “While we have taken

By Ramishah Maruf and Chris Isidore, CNN A jury ordered Tesla to pay over $3 million Monday in a racial discrimination case brought by a former employee of its assembly plant in Fremont, California. The case was brought by Owen Diaz, who worked as an elevator operator at the plant. He reported he regularly heard

By Allison Morrow, CNN Twitter’s traditional bird icon was booted and replaced with an image of a Shiba Inu, an apparent nod to dogecoin, the joke cryptocurrency that CEO Elon Musk is being sued over. Musk addressed the change Monday afternoon, tweeting, “as promised” above an image of a year-old conversation in which another user

By Jeanne Sahadi, CNN For most people in their early- to mid-20s, filing taxes is right up there with having to pay rent and realizing you can’t take summers off anymore: an unwelcome fact of being an adult. If you’re a recent graduate working your first full-time job or supporting yourself for the first time,

By Chris Isidore and Steve Contorno, CNN Disney CEO Bob Iger fought back against Florida Governor Ron DeSantis‘ actions against his company, telling Disney shareholders on Monday that recent actions by the state were “anti-business.” The state of Florida has taken action to strip Disney of some of the powers it had over the land

By Olesya Dmitracova, CNN Big-4 accounting firm EY has been banned from auditing companies of public interest in Germany for two years over its failures as the auditor of Wirecard in the years before the digital payments company’s staggering collapse. Germany’s auditor supervisory authority APAS said Monday that it had imposed sanctions on the auditor