Ford just reported a $3.1 billion loss. Blame Rivian
By Chris Isidore, CNN Business In the days after its November IPO, electric truck maker Rivian was briefly one of the world’s most valuable…
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Higher food and energy prices could last ‘for years,’ World Bank warns
By Matt Egan, CNN Business Russia’s invasion of Ukraine has contributed to an historic shock to commodity markets that will keep global prices…
Continue Reading Venmo owner PayPal is one of the worst stocks of 2022
By Paul R. La Monica, CNN Business Sending money to pay for things via Venmo may be all the rage among smartphone-addicted millennials and Gen Zers.…
Continue Reading Joe Rogan caused some artists to leave Spotify. But not paying customers
By Frank Pallotta, CNN Business Earlier this year, Spotify found itself embroiled in a controversy sparked by one of its most notable podcast hosts,…
Continue Reading Investment firm head arrested on charges of multibillion-dollar fraud and racketeering
By Matt Egan, Kara Scannell and Mark Morales, CNN Federal agents arrested Archegos Capital Management founder Sung Kook “Bill” Hwang on…
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Russia shuts off gas supplies to Poland and Bulgaria
Russia has cut off natural gas supplies to Poland and Bulgaria, dramatically escalating its response to Western sanctions imposed on Moscow over…
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Chipotle wants to add dessert to the menu
Chipotle, purveyor of burritos, tacos, guac, chips and a variety of other dishes, wants to add an elusive item to its menu:…
Continue Reading 7 things you’re wasting money on
By Beth Braverman With inflation pushing the price of just about everything higher, it’s more important than ever to keep track of how…
Continue Reading Los Angeles sheriff appears to back down after signaling he was investigating reporter
CNN, HLN, KCBS, KCAL By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can…
Continue Reading Boeing delays its newest jet as losses soar
By Chris Isidore, CNN Business The bad news keeps piling up for Boeing. The company is delaying the debut of its newest passenger jet to 2025, and it…
Continue Reading Sorry, crypto fans. Gold is still the real hedge in times of uncertainty
By Paul R. La Monica, CNN Business It looks like bitcoin and other cryptocurrencies may not be digital gold after all. Bitcoin prices are down more…
Continue Reading Why tech stocks are bleeding right now
By Julia Horowitz, CNN Business The tech-heavy Nasdaq Composite was a huge beneficiary of the stock market’s epic recovery from the pandemic.…
Continue Reading Why lab-grown diamond sales are surging
By Parija Kavilanz, CNN Business It’s proposal season, and engagements are on the rise. So are factory-made diamond sales. Not that you’d…
Continue Reading Walmart is giving some customers 10 cents off every gallon of gas
By Jordan Valinsky, CNN Business Members of Walmart’s discount program will get a bit of relief at the gas pump. Beginning Wednesday, Walmart+…
Continue Reading Millennials are ahead of their parents in retirement savings
By Nicole Goodkind, CNN Business Maybe that avocado toast isn’t so bad, after all. Millennials are way ahead of Baby Boomers when it comes to…
Continue Reading China’s Xi calls for ‘all-out’ infrastructure splurge to rescue economy
By Laura He, CNN Business China is about to embark on a new infrastructure spending spree in a bid to fix an economy nearing breaking point because…
Continue Reading The big winner in Elon Musk’s Twitter deal
CNN By Paul R. La Monica, CNN Business Even the world’s richest person needs financial advice. That’s great news for Morgan Stanley, the…
Continue Reading Los Angeles sheriff appears to back down after signaling he was investigating reporter
CNN By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
Continue Reading Los Angeles sheriff appears to back down after signaling he was investigating reporter
By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
Continue Reading Up to a quarter million Ford Explorers recalled for rollaway risk
CNN, CNNBUSINESS By Ramishah Maruf, CNN Up to a quarter million Ford Explorers are being recalled due to a mechanical problem that can cause the SUV…
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