Money

By Mark Thompson, CNN Business Investors hoping for an easy Christmas week could be sorely disappointed as stocks and oil prices slid in the face of growing threats to the global economy. In the US the Dow fell more than 430 points, or 1.2%, on Monday. The S&P 500 was down 1.1% while the tech-heavy

By Laura He, CNN Business Chinese artificial intelligence giant SenseTime has revived its $767 million initial public offering, just days after it had delayed its public debut after being hit by another US blacklist. SenseTime relaunched the offering Monday, with its first day of trading set for Dec. 30, according to its revised filings to

By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. People in major cities waited in long lines for Covid tests over the weekend… but millions also queued up to watch “Spider-Man” in crowded theaters. On Sunday New York state

By Chris Isidore, CNN Business Southwest Airlines CEO Gary Kelly stirred up some controversy Wednesday when he suggested that wearing masks on planes did little to prevent the spread of Covid. “I think the case is very strong that masks don’t add much if anything in the air cabin environment,” he said in response to

By Allison Morrow, CNN Business Nearly a year ago, a bunch of day traders from the fringes of the internet figured out how to beat Wall Street at its own game. Or so they thought. Around mid-January, shares of GameStop — a brick-and-mortar retailer that most analysts expected to go the way of Blockbuster —

By Julia Horowitz, Salma Abdelaziz and Li-Lian Ahlskog Hou, CNN Growing up in Finland, Iida Ruishalme had a deep affinity for nature — particularly the forest, where she loved to go trekking with her dogs. Now, she’s worried that her daughters won’t experience such idyllic days as the climate crisis accelerates. So last month, she

By Frank Pallotta, CNN Business “Saturday Night Live” wasn’t exactly live from New York on Saturday night. The NBC variety show opened with Tom Hanks greeting a nearly empty studio since the show went without a live audience because of the recent rise in Covid-19 cases. “Tonight everyone at ‘Saturday Night Live’ planned to do

By Frank Pallotta, CNN Business The show went on for “Saturday Night Live” Saturday, but without its usual studio audience and its musical guest. The NBC variety show said late Saturday afternoon it would not have a live audience in the studio because of the recent rise in Covid-19 cases. “Due to the recent spike

By Frank Pallotta, CNN Business Look out, box office records. Here comes Spider-Man. “Spider-Man: No Way Home,” the latest movie in the Marvel series, notched a massive opening day at the domestic box office Friday by bringing in $121.5 million, according to its studio, Sony. That is the second highest opening day in box office

By Allison Morrow, CNN Business Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. One of the more insidious myths making the rounds this year was that young people didn’t want to work because they were getting by just fine