Money

By Anna Cooban, CNN London (CNN) — Fast fashion giant Shein, founded in China, is taking steps for going public in the United Kingdom, according to multiple media reports, in what would likely provide a shot in the arm for London’s ailing main stock exchange. The online retailer is preparing to file a prospectus with

By Matt Egan, CNN New York (CNN) — The New York Stock Exchange said Monday that a technical issue that halted trading for some major stocks and caused Berkshire Hathaway to be down 99.97% has been resolved. In an update, NYSE said impacted stocks have reopened and “all systems are currently operational.” Intercontinental Exchange, the

By Jordan Valinsky, CNN New York (CNN) — Spotify is increasing its prices again, less than a year after it last hiked prices for most of its subscription plans. The latest price hike comes as streaming media companies face rapidly increasing costs of doing business – and customers continued to sour over rising prices of

By Anna Cooban, CNN London (CNN) — Shares of GameStop climbed 21% on Monday as the renewed frenzy around meme stocks shows little sign of abating. The video game retailer’s stock soared hours after a Reddit post by stocks influencer Keith Gill — also known as “Roaring Kitty” — revealed that he had bought nearly $116 million

By Jordan Valinsky, CNN New York (CNN) — Anchor Brewing, America’s oldest craft brewer, closed last summer after more than 127 years in business. Now, it’s being brought back to life thanks to an unexpected buyer. Hamdi Ulukaya, the billionaire founder and CEO of yogurt maker Chobani, announced Friday on LinkedIn he has purchased the

By Saira Mueller, CNN (CNN) — “Place your order.” In the time it took you to read that sentence, another deck of Uno was sold. The family-favorite card game has been around for 52 years — but it may be more popular than ever. Almost everyone seems to play it, and by one measure it’s

By Wayne Chang and Laura He, CNN Taipei/Hong Kong (CNN) — Nvidia, AMD and Intel have separately launched the next generation of their artificial intelligence (AI) chips in Taiwan, as a three-way race heats up. Jensen Huang, CEO of Nvidia (NVDA), said Sunday that the company would roll out its most advanced AI chip platform,

CNN By Anna Cooban, CNN London (CNN) — The Organization of the Petroleum Exporting Countries and its allies — a group of leading oil producers known as OPEC+ — agreed Sunday to extend production cuts announced last year into 2025. The group said in a statement it would extend a cut of 1.65 million barrels per

By Diksha Madhok, CNN New Delhi (CNN) — Indian stock markets chalked up new record highs on Monday as experts predicted a resounding victory for incumbent Prime Minister Narendra Modi in national elections. India’s benchmark Sensex index, which tracks 30 large companies, and the broader Nifty 50 index each ended the day at their all-time

By Oliver Darcy, CNN New York (CNN) — The Washington Post announced on Sunday that it had parted ways with its top editor, Sally Buzbee, in a seismic shakeup executed by new publisher and chief executive William Lewis just months before the high-stakes 2024 presidential election. “Sally is an incredible leader and a supremely talented

By Eva Rothenberg, CNN New York (CNN) — Right-wing media mogul Rupert Murdoch tied the knot Saturday for the fifth time, according to British tabloid newspaper the Sun. The Sun, which is owned by Murdoch, released photos of the 93-year-old Australian billionaire alongside his 67-year-old wife, retired molecular biologist Elena Zhukova, at his vineyard in

By Anna Cooban, CNN London (CNN) — The Organization of the Petroleum Exporting Countries and its allies — a group of leading oil producers known as OPEC+ — agreed Sunday to extend production cuts announced last year into 2025. The group said in a statement it would extend a cut of 1.65 million barrels per day,

By Parija Kavilanz, CNN New York (CNN) — Americans should prepare for a sizzling hot summer, and not just because of rising temperatures. Consumers are bravely opening their palate to bolder, spicier, more fiery flavors and the marketplace for foods and drinks is happily obliging them. Walk into a Walmart, Target, a corner 7-Eleven, pretty

By Danielle Wiener-Bronner, CNN New York (CNN) — Cracker Barrel CEO Julie Felss Masino recently gave a devastatingly frank assessment of the brand: “We’re just not as relevant as we once were.” Masino, who became CEO in July, laid out the diagnosis — and the remedies — in a May presentation to analysts. And it

By Samantha Delouya, CNN (CNN) — June 1 marks the official start of hurricane season in the Atlantic Ocean, and meteorologists predict it will be “extremely active,” with the potential for seven major hurricanes – the most destructive categories. And as insurance companies struggle to stay afloat, battered by elevated inflation and the growing frequency of catastrophic

By Jeanne Sahadi, CNN New York (CNN) — Moving somewhere new when you retire isn’t uncommon. But deciding whether to take out a new mortgage to buy a home is a big deal. Much of your financial life is changing as you transition from a steady paycheck to a mix of fixed and variable income

By Ramishah Maruf, CNN New York (CNN) — Live Nation said a hacker is offering alleged user data primarily from Ticketmaster for sale on the dark web in a regulatory filing Friday. Live Nation said it identified “unauthorized activity” on May 20 and launched a probe with forensic investigators into the potential hack. Live Nation

By Oliver Darcy, CNN (CNN) — Salem Media Group, the right-wing talk radio network owner, issued a public apology and said it would stop distributing a discredited 2020 election conspiracy theory film after a Georgia man wrongly accused of voter fraud sued the company for defamation. The Georgia man, Mark Andrews, said in his 2022 lawsuit that “2000 Mules,” a film and book by far-right activist Dinesh D’Souza

By Allison Morrow, CNN New York (CNN) — Two influential advisory firms have urged shareholders to vote against Elon Musk’s contentious $51 billion pay package and raised concerns about the CEO’s numerous side projects. On Friday, Institutional Shareholder Services called the package “excessive” and noted that shareholder concerns “have not been sufficiently mitigated” since the

By Brian Fung, CNN Washington (CNN) — The Affordable Connectivity Program, which helped low-income Americans get online, is no more. On Friday, the US government announced the final closure of the broadly popular federal program, which has helped tens of millions of households afford internet service, after Republicans in Congress ignored calls by consumer advocates