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…
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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 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 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 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 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 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 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 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 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 Here’s how the Senate could change your 401(k) plan
By Nicole Goodkind, CNN Business The US Senate has retirement on the brain, and it’s not because the average age of the legislative body is 64.…
Continue Reading US labor board sues Starbucks to rehire unionizing employees
By Ramishah Maruf, CNN Business The National Labor Relations Board petitioned in federal court to force Starbucks to rehire three workers who claimed…
Continue Reading Morgan Stanley warns of potential bear market in US stocks
By Matt Egan, CNN Business Stock markets are turbulent and Morgan Stanley is warning clients the ride is about to get even bumpier. Investors have…
Continue Reading Trump SPAC is down 44% since Elon Musk disclosed Twitter stake
By Matt Egan, CNN Business Elon Musk’s quest to become a social media mogul is dealing a blow to Donald Trump’s social venture. Shares of…
Continue Reading Greenpeace activists tried to block a Russian oil tanker heading to Norway
By Amy Cassidy and Anna Cooban, CNN Business Norwegian police arrested seven Greenpeace activists on Monday after they chained themselves to a…
Continue Reading The Chevrolet Corvette is officially going electric
By Peter Valdes-Dapena, CNN Business General Motors will produce a fully electric Chevrolet Corvette, GM President Mark Reuss announced in a LinkedIn…
Continue Reading Coca-Cola is a stable safe haven in a rough market
By Paul R. La Monica, CNN Business With lots of worries out there — inflation, Covid, interest rates, Ukraine, stock volatility — consumers are…
Continue Reading Should you rent or buy? Ask yourself these four questions
By Anna Bahney, CNN Business Anyone looking for a place to live right now is navigating one of the toughest and most expensive housing markets in…
Continue Reading US oil sinks below $100 on China Covid concerns
By Matt Egan, CNN Business Oil prices fell sharply Monday as lockdowns in China stoked concerns that the country’s zero-Covid strategy will sap…
Continue Reading Opinion: Spending on consumer goods will likely plummet in the second half of the year
Opinion by Gad Levanon for CNN Business Perspectives With the fear of Covid-19 on the wane, consumers are spending much more on in-person services,…
Continue Reading Elon Musk isn’t alone. Investors everywhere are agitating for change
By Julia Horowitz, CNN Business Tesla CEO Elon Musk’s noisy campaign for changes to how Twitter runs its business has grabbed headlines for its…
Continue Reading Global stocks and oil prices hit by fears of a Beijing lockdown
By Laura He, CNN Business Global stocks and oil prices fell on Monday as rising Covid-19 cases in Beijing sparked fears that the Chinese capital…
Continue Reading Foreign investors are ditching China. Russia’s war is the latest trigger
By Laura He, CNN Business Investors are ditching China at an unprecedented scale as a cocktail of political and business risks, and rising interest…
Continue Reading Twitter board members meet as discussions about Elon Musk’s takeover bid turn more serious
By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
Continue Reading This food company will pay you $10K to be its Chief Taco Officer
By Zoe Sottile, CNN Feeling hungry for a new job? Favor, a Texas-based food delivery company, is looking for a voracious eater to sample tacos all…
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