Money Archives

Apple has been granted a restraining order against a woman who allegedly threatened

Tim Cook allegedly stalked by woman who trespassed and sent photos of a loaded gun

January 25, 2022 5:17 PM CNN Newsource

By Samantha Murphy Kelly, CNN Business Apple has been granted a restraining order against a woman who allegedly threatened, harassed and stalked CEO Tim Cook for more than a year. In a court filing late last week with the Santa Clara County Superior Court, Apple said a woman from Virginia has exhibited “erratic, threatening and

Some manufacturers that rely on semiconductors are down to less than five days' worth of inventory

Some manufacturers have less than 5 days’ supply of computer chips, Commerce Department warns

January 25, 2022 4:08 PM CNN Newsource

By Clare Duffy, CNN Business Some manufacturers that rely on semiconductors are down to less than five days’ worth of inventory, according to a report released Tuesday by the Commerce Department, in the latest indication of the extent of the computer chip shortage. The report, based on more than 150 responses to a Commerce Department

Johnson & Johnson expects its Covid vaccine sales to surge — but still lag its rivals

January 25, 2022 3:04 PM CNN Newsource

By Chris Isidore, CNN Business Johnson & Johnson, the world’s largest health care products company, reported that sales of its Covid vaccine have accelerated, but they’ll still lag far behind other vaccines for the foreseeable future. Its 2021 sales of its single-dose vaccine came to $2.4 billion, the company reported Tuesday, just short of its

The International Monetary Fund says the pandemic will continue to stoke uncertainty and inflation in its third year

IMF slashes US and China growth forecasts

January 25, 2022 2:03 PM CNN

By Julia Horowitz, CNN Business The pandemic will continue to stoke uncertainty and inflation in its third year, undermining the global recovery from the coronavirus and pushing total economic losses toward $14 trillion. That’s according to the International Monetary Fund, which on Tuesday slashed its global growth forecast for 2022 by half a percentage point

Bank of America is handing out $1 billion worth of restricted stock to virtually its entire workforce as the bank seeks to gain an upper hand in the war for talent.

First on CNN: Bank of America is giving workers $1 billion of stock

January 25, 2022 1:20 PM CNN Newsource

By Matt Egan, CNN Business Bank of America is handing out $1 billion worth of restricted stock to virtually its entire workforce as the bank seeks to gain an upper hand in the war for talent. In a memo shared exclusively with CNN, Bank of America CEO Brian Moynihan said Tuesday the company is for

The "AirCar" was awarded an official Certificate of Airworthiness by the Slovak Transport Authority after completing 70 hours of "rigorous flight testing

Flying car cleared for takeoff, but you’ll need a pilot’s license

January 25, 2022 12:47 PM CNN

By Robert North, Radina Gigova and Sana Noor Haq, CNN A car that can transform into a small aircraft has passed flights tests with flying colors in Slovakia, developers say. The “AirCar” was awarded an official Certificate of Airworthiness by the Slovak Transport Authority after completing 70 hours of “rigorous flight testing,” according to Klein

The most-watched of the four games was on January 23 game Bills-Chiefs nailbiter on CBS

43 million viewers make Bills-Chiefs most-watched TV event since last year’s Super Bowl

January 25, 2022 11:31 AM CNN Newsource

By Brian Stelter, CNN Business None of the headwinds facing legacy broadcast television are strong enough to stop the NFL right now. This past weekend’s four divisional games averaged 37 million viewers at any given time. That’s 20 percent higher than the audience size for the equivalent games last year. The totals now count some

Flying car cleared for takeoff, but you’ll need a pilot’s license

January 25, 2022 11:12 AM CNN Newsource

By Robert North, Radina Gigova and Sana Noor Haq, CNN A car that can transform into a small aircraft has passed flights tests with flying colors in Slovakia, developers say. The “AirCar” was awarded an official Certificate of Airworthiness by the Slovak Transport Authority after completing 70 hours of “rigorous flight testing,” according to Klein

Stocks finish lower, dashing hopes for a turnaround Tuesday

January 25, 2022 9:16 AM CNN Newsource

By Anneken Tappe, CNN Business Investors better fasten their seat belts because there’s no sign of volatility letting up on Wall Street. Stocks resumed their selloff for most of day, but the Dow offered a glimmer of hope for turnaround Tuesday when it briefly turned green in the afternoon. But even though stocks ended off

American Express said that revenue in the fourth quarter soared 30% from a year ago

AmEx stock soars nearly 10% as customers go on spending spree

January 25, 2022 9:04 AM CNN Newsource

By Paul R. La Monica, CNN Business American Express customers clearly didn’t leave home without their credit cards when they went shopping this holiday season. The company said Tuesday that revenue in the fourth quarter soared 30% from a year ago, thanks in large part to record spending by its members. Investors were pleased. Shares

Home prices rose 18.8% year-over-year in November

Home prices are starting to lose steam

January 25, 2022 8:20 AM CNN Newsource

By Anna Bahney Overheated home prices continue to show signs of cooling off a bit. Home prices rose 18.8% year-over-year in November, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. But that staggering jump was down from a 19.1% increase in October. For the past several months, prices have continued to rise

Starbucks is giving customers new ways to perk up by giving them a line of energy drinks called Starbucks Baya Energy and a bunch of fresh flavors in the grocery aisle.

Starbucks is launching an energy drink

January 25, 2022 8:11 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business Starbucks is giving customers new ways to perk up: a line of energy drinks called Starbucks Baya Energy and a bunch of fresh flavors in the grocery aisle. Baya will be available for purchase at stores and online starting this week, and will go on sale at US Starbucks stores

IMF slashes US and China growth forecasts

January 25, 2022 8:01 AM CNN Newsource

By Julia Horowitz, CNN Business The pandemic will continue to stoke uncertainty and inflation in its third year, undermining the global recovery from the coronavirus and pushing total economic losses toward $14 trillion. That’s according to the International Monetary Fund, which on Tuesday slashed its global growth forecast for 2022 by half a percentage point

The federal tax filing season has begun. And it's going to be tough sledding for the IRS -- and for some tax filers -- given the millions of returns from last year that still have to be processed

The 2021 tax filing season has begun. Here’s what you need to know

January 25, 2022 7:40 AM CNN

By Jeanne Sahadi, CNN Business The federal tax filing season has begun. And it’s going to be tough sledding for the IRS — and for some tax filers — given the millions of returns from last year that still have to be processed, staffing issues due to Covid-19 and a lack of needed funding for

US stock markets went on a rollercoaster ride on January 24

Get ready for more wild swings. Volatile markets are back

January 25, 2022 7:20 AM CNN Newsource

By Julia Horowitz, CNN Business After a long period of calm, market volatility has returned in dramatic fashion. What’s happening: US stock markets went on a rollercoaster ride Monday, plunging and then rallying all within the span of a single trading session. The S&P 500 index, at one point down almost 4%, finished the day

A Manhattan restaurant is looking into its enforcement of vaccine requirements for indoor dining

Sarah Palin allegedly flouted Covid-19 rules by dining indoors unvaccinated ahead of trial

January 25, 2022 7:17 AM CNN Newsource

By Sonia Moghe, CNN A Manhattan restaurant is looking into its enforcement of vaccine requirements for indoor dining, after Sarah Palin allegedly dined there indoors while unvaccinated. Palin is in New York City for her defamation trial against the New York Times, which was delayed Monday morning after she tested positive for Covid-19. “She is,

In a partnership between Molson Coors and Coke

Exclusive: Simply Lemonade is becoming a boozy beverage

January 25, 2022 7:08 AM CNN Newsource

By Jordan Valinsky, CNN Business Coca-Cola is turning another one of its drinks into an alcoholic alternative. It’s the company’s third boozy beverage as it taps into the growing canned cocktail craze. In a partnership between Molson Coors and Coke, the companies are launching Simply Spiked Lemonade, an alcoholic drink inspired by the Simply brand’s

Elon Musk is about to get a lot richer

January 25, 2022 6:51 AM CNN Newsource

By Chris Isidore, CNN Business It’s been a rough start to 2022 for the world’s richest person. He’s not too worried, though. Elon Musk’s holdings of Tesla stock have lost about $30 billion this year through Monday’s close, as the stock slid 12%.But the next 12 months could be the most lucrative ever for Musk.

Unilever cuts 1,500 management jobs in global overhaul

January 25, 2022 6:30 AM CNN Newsource

By Anna Cooban, CNN Business Unilever is cutting 1,500 management jobs around the world as the consumer goods giant comes under intense pressure from shareholders to boost growth. The cuts amount to a 15% reduction in the number of senior managers and 5% of junior managers, Unilever said in a statement on Tuesday. Factory workers

These 4 states have fully regained the jobs lost during the pandemic

January 25, 2022 5:25 AM CNN Newsource

By Anneken Tappe, CNN Business America’s job market hasn’t fully recovered yet. But some states are already back to normal. In November, Texas and Arizona joined Utah and Idaho in recouping all their pandemic job losses, according to a report by ratings agency Fitch. In comparison, California and New York were at only 70% and