Money

By Jordan Valinsky, CNN Business LeBron James is a billionaire, marking the first time an active NBA player has achieved that milestone, according to one calculation. Forbes said that the Los Angeles Lakers star has “maximized his business,” generating more than $1.2 billion in pretax earnings. His NBA salary from three different teams during the

By Danielle Wiener-Bronner, CNN Business Last week, activist investor Nelson Peltz said in a regulatory filing that Trian Partners, his investment firm and Wendy’s top shareholder, is exploring a takeover of the burger chain. The wealthy investor has a reputation on Wall Street as a corporate raider, pushing companies to make drastic changes, such as

By Peter Valdes-Dapena, CNN Business Ford announced a new $3.7 billion investment Thursday across three mid-western states to build a new yet-to-be-revealed Mustang and to ramp up production of trucks and vans, including new electric models. The Michigan-based automaker will invest $2 billion in its home state, an investment that will create 2,000 new jobs,

Opinion by Mike Zaffaroni for CNN Business Perspectives The last time the American economy experienced explosive inflation, my company, Liberty Landscape Supply, wasn’t even in business yet. In fact, the prices for many of our core products have remained the same since I bought the company in 2007. But now we are preparing for the

By Kathryn Vasel, CNN Business You’ve just volunteered to help show a new colleague the ropes. But now you’re trying to figure out when you can actually make the time to fit it all in. This happens a lot — especially to women. Managers often ask for volunteers or in some cases, assign workers to

By Julia Horowitz, CNN Business The CEO of the biggest US bank estimates that Americans are still sitting on $2 trillion in pandemic-era savings that can power the economy even as inflation bites. But what happens once that stash of cash is diminished? What’s happening: Consumers in the United States should maintain healthy spending patterns

By Anneken Tappe, CNN Business America’s employers are expected to have added hundreds of thousands of jobs in May, even in the face of high inflation, a potential recession and a new phase in the pandemic economy. The closely watched monthly employment report from the Bureau of Labor Statistics is due to be released Friday

By Anna Cooban, CNN Business Queen Elizabeth II is celebrating 70 years on the throne this weekend with a busy schedule of ceremonies, parades and parties. As Britain enjoys a bumper four-day holiday weekend, royal watchers in the United States can tune in for the festivities. Big Royal occasions often garner huge TV audiences around

By Parija Kavilanz, CNN Business Prices are rising for just about everything, forcing millions of Americans to make increasingly difficult choices. More than 8 in 10 consumers are planning to rethink or even reduce their product spending in the next three to six months, according to a new report from market research firm The NPD

By Michelle Toh and Wayne Chang, CNN Business “Top Gun: Maverick” is now showing Taiwan’s official flag after an outcry, putting its release in mainland China in jeopardy. The box office mega-hit — which is by far Tom Cruise’s biggest-ever commercial debut — now features his character sporting the flag on his iconic bomber jacket,