Robinhood shares plummet as company announces layoffs
By Nicole Goodkind, CNN Business Robinhood CEO Vlad Tenev announced Tuesday afternoon that the online trading platform will lay off 9% of its…
Continue ReadingCNN – Business/Consumer
Russia shuts off gas supplies to Poland and Bulgaria
By Sugam Pokharel and Mark Thompson, CNN Business Russia has cut off natural gas supplies to Poland and Bulgaria, dramatically escalating its…
Continue Reading Senate confirms Lael Brainard as Federal Reserve vice chair
By Matt Egan, CNN Business The Senate voted on Tuesday to confirm Lael Brainard as the Federal Reserve’s vice chair, approving a key Biden…
Continue Reading Ford F-150 Lightning electric pickup begins crucial product launch
By Chris Isidore, CNN Business The first all-electric Ford F-150 Lightning rolled off the assembly line in Detroit on Tuesday, with a great deal…
Continue Reading Has inflation reached a peak? Three signs that prices could soon come down
CNN, CNNBUSINESS By Nicole Goodkind, CNN Business Inflation is at a 40-year high, and Americans are feeling it. A gallon of gas costs about double…
Continue Reading Fidelity will soon offer bitcoin as an option in 401(k)s
By Jeanne Sahadi, CNN Business Fidelity Investments announced Tuesday that it will offer bitcoin as an investment option in its 401(k) plans by the…
Continue Reading Fidelity will soon offer bitcoin as an option in 401(k)s
CNN By Jeanne Sahadi, CNN Business Fidelity Investments announced Tuesday that it will offer bitcoin as an investment option in its 401(k) plans by…
Continue Reading Dow falls 800 points on recession fears
By Nicole Goodkind, CNN Business US markets plunged on Tuesday. The Dow fell 810 points, or 2.4%, as an April sell-off spurred by fears of an…
Continue Reading Former New York Post digital chief settles explosive lawsuit with the tabloid
By Oliver Darcy, CNN Business The New York Post and Michelle Gotthelf, the former editor in chief of the tabloid’s digital operation, announced…
Continue Reading A major recession is coming, Deutsche Bank warns
By Matt Egan, CNN Business Deutsche Bank raised eyebrows earlier this month by becoming the first major bank to forecast a US recession, albeit a…
Continue Reading David Zaslav takes on Netflix in his first earnings call for Warner Bros. Discovery
By Brian Stelter, CNN Business As Netflix licks its wounds and investors worry about big streaming bets, David Zaslav is positioning Warner Bros.…
Continue Reading The big winner in Elon Musk’s Twitter deal
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 Palm oil is in half your groceries. Here’s why prices might shoot up
By Michelle Toh, CNN Business Indonesia will start restricting exports of palm oil this week, a move that could make the global food crisis worse and…
Continue Reading Palm oil is in half your groceries. Here’s why prices might shoot up
CNN By Michelle Toh, CNN Business Indonesia will start restricting exports of palm oil this week, a move that could make the global food crisis worse…
Continue Reading US home prices rose by nearly 20% year-over-year in February
By Anna Bahney, CNN Business US home prices continued to surge higher in February. Prices rose 19.8% year-over-year in February, an even higher rate…
Continue Reading Opinion: Millions more Americans will go hungry if Congress doesn’t act soon
Opinion by Levar Stoney and John Giles for CNN Business Perspectives Families across America are precariously perched on the edge of a hunger cliff.…
Continue Reading Much of Elon Musk’s Twitter deal is still a mystery
By Julia Horowitz, CNN Business The world’s richest man wasn’t convinced he’d be successful in his bid to buy Twitter, one of the…
Continue Reading Much of Elon Musk’s Twitter deal is still a mystery
CNN, CNNBUSINESS By Julia Horowitz, CNN Business The world’s richest man wasn’t convinced he’d be successful in his bid to buy…
Continue Reading Covid lockdowns batter Chinese stock markets and the yuan
By Laura He, CNN Business Chinese stocks slumped deeper into a bear market Tuesday and the yuan traded near a 17-month low as investors grow…
Continue Reading China’s Xi calls for ‘all-out’ infrastructure splurge to rescue economy
CNN 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…
Continue Reading