Money

By Jordan Valinsky, CNN DirecTV has dropped Newsmax, a right-wing TV network, from its channel lineup over a carriage fee dispute. In a statement, DirecTV said it wanted to “continue to offer the network,” but the channel’s demands for carriage fee increases would have led to “significantly higher costs that we would have to pass

By Nicole Goodkind, CNN Wall Street analysts are holding their breath and crossing their fingers this morning as they await gross domestic product numbers for the final quarter of 2022. Traders have recently been celebrating dismal economic news in the hopes that it will prompt the Federal Reserve to pivot away from rate hikes and

By Chris Isidore, CNN Southwest Airlines reported a loss for the fourth quarter because of the company’s service meltdown over the holiday travel season, and it warned the costs from those problems will result in another loss in the first quarter. The airline was forced to cancel more than 16,700 flights between December 21 and

By Chris Isidore, CNN If airlines are to avoid repeats of recent service problems, they’ll need to have a lot more back-up in place, according to United CEO Scott Kirby. “You can’t run an airline like it’s 2019, and the reason is because the system is just stressed to the max,” Kirby told CNN’s Christine

By Michelle Toh, CNN Toyota’s longtime president and CEO Akio Toyoda is stepping down and handing over the reins of the world’s largest automaker to Lexus chief Koji Sato. The Japanese company announced the shakeup Thursday, saying that Toyoda would be appointed chairman of the board as Sato takes over daily management. Takeshi Uchiyamada, Toyota’s

By Anna Bahney, CNN In response to rent payments soaring across the country in recent years, the Biden administration unveiled new actions Wednesday to protect tenants, make renting more affordable and improve fairness in the rental housing market. Multiple agencies are expected to take part in improving conditions for renters, taking actions in tandem with

By Chris Isidore, CNN Tesla reported record profits for the fourth quarter and the full year, but its profit margins were tighter due to higher costs, recent price cuts, and sales in the quarter that were weaker than hoped. The leading electric vehicle maker posted adjusted earnings of $1.19 per share in the quarter, up

By Nathaniel Meyersohn, CNN California voters will decide next year on a referendum that could overturn a landmark new state law setting worker conditions and minimum wages up to $22 an hour for fast-food employees in the nation’s largest state. Chipotle, Starbucks, Chick-fil-A, McDonald’s, In-N-Out Burger and KFC-owner Yum! Brands each donated $1 million to