Money

By Nicole Goodkind, CNN New York (CNN) — Just three years ago, DNA testing company 23andMe was the golden child of Wall Street and Silicon Valley. Today, the firm is at risk of being delisted from the Nasdaq. But 23andMe’s CEO, Anne Wojcicki, tells CNN that Wall Street shouldn’t count her out yet. Despite the

By Krystal Hur, CNN New York (CNN) — US stocks rose on Friday as investors continued to parse strong tech earnings and a searing jobs report. The Dow rose 135 points, or 0.4%. The S&P 500 gained 1.1% and the Nasdaq Composite climbed 1.7%. All three major indexes ended the week higher. The US economy

By Catherine Thorbecke, CNN (CNN) — Amazon founder Jeff Bezos plans to sell up to 50 million shares of Amazon stock over the next year, according to a regulatory filing posted on Friday. Those shares would be worth nearly $8.6 billion at the stock’s current price. Bezos’ planned stock sale was included in Amazon’s annual

By Eva Rothenberg, CNN New York (CNN) — Mark Zuckerberg’s net worth increased by more than $28 billion between your morning coffee and your lunch break. The Meta founder and CEO — who is already worth more than $140 billion, according to Bloomberg’s billionaire index — has cleaned up from Meta’s share price skyrocketing over

By Jordan Valinsky, CNN New York (CNN) — For many, the Super Bowl is a three-hour showcase of ads with a football game shown occasionally during the breaks. So, with an expected 110 million people (and likely more) expected to tune-in to this year’s battle between the San Francisco 49ers and the defending champion Kansas

By Elisabeth Buchwald, CNN New York (CNN) — On Wednesday, the Federal Reserve ditched a line it used in every meeting statement since three banks failed last spring, which said that the “US banking system is sound and resilient.” Coincidentally, though, more people were wondering that day if the banking system was indeed sound and

By Diksha Madhok, CNN New Delhi (CNN) — Paytm, once the hottest of India’s startups, has seen a stunning fall on the stock market since last week, extending a plunge that has wiped nearly 80% off its value since it went public in the country’s biggest IPO in 2021. Shares of the hugely popular digital

By Anna Cooban, CNN London (CNN) — Chinese stocks have had a very bad week. Despite recent attempts by Beijing to shore up confidence in the economy and stem a protracted stock market slump that has wiped out $6 trillion in value in three years, investors are still rushing for the exit. The Shanghai Composite

Analysis by Laura He and Himari Semans, CNN Hong Kong/Tokyo (CNN) — Did China just pull ahead of Japan to become the world’s top car exporter? Beijing clearly thinks so, but Tokyo isn’t quite ready to concede its long-held crown. “It is a certainty that China has become the world’s largest exporter,” the China Passenger

By Alicia Wallace, CNN New York (CNN) — The US economy added a stunning 353,000 jobs last month, according to Bureau of Labor Statistics data released Friday, registering a stronger-than-expected gain to kick off 2024 and underscoring the resilience of the US economy in an election year. The unemployment rate remained at 3.7% from the month before.

By Laura He, CNN Hong Kong (CNN) — Bao Fan, a star Chinese tech banker who disappeared a year ago amid Beijing’s anti-corruption crackdown, has formally resigned from the firm he founded, the company said. China Renaissance announced in a filing to the Hong Kong stock exchange on Friday that Bao was stepping down as

By David Goldman, CNN New York (CNN) — For the first time, an advertising company that worked on Purdue Pharma’s OxyContin account has settled a lawsuit that accused it of falsely marketing opioids as safe. Publicis, a French marketing company, agreed to pay $350 million within the next two months and will not take on

By Brian Fung, CNN Washington (CNN) — Wednesday’s emotional Senate Judiciary Committee hearing grilling tech CEOs focused on Silicon Valley’s failures to protect kids online. But it also spotlighted Congress’ own glaring — and longstanding — inability to pass any meaningful legislation to rein in tech platforms. According to more than a half-dozen front-line participants in the

By Riley Gutiérrez McDermid and Samantha Delouya, CNN (CNN) — Apple has finally ended its losing streak. The company reported its first sales growth in a year on Thursday, boosted in particular by record revenue from its App Store and other services. But it’s still encountering difficulty in China. The earnings report comes one day