US home prices fell in December for the sixth-straight month
By Anna Bahney, CNN US home prices fell for the sixth month in a row in December, as rising mortgage rates pushed prospective buyers out of the…
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Discounts led Target to a surprising comeback
By Jordan Valinsky, CNN Target’s decision to cut prices to boost sales has paid off. The retailer’s holiday-quarter sales at stores open…
Continue Reading Entenmann’s is bringing back its ‘iconic’ packaging
By Jordan Valinsky, CNN Baked goods company Entenmann’s is bringing back its cellophane window packaging after a two-year absence caused by…
Continue Reading Consumer confidence slumped in February amid recession concerns
By Alicia Wallace, CNN American consumers felt much worse about the US economy in February amid rising interest rates and concerns about a potential…
Continue Reading UK grocery price inflation hits record high as more stores impose rationing
By Anna Cooban, CNN A measure of UK grocery price inflation soared to a record high this month — that’s more bad news for consumers already…
Continue Reading Tesla, tech and travel stocks have ginormous gains this year
By Paul R. La Monica, CNN Last year’s stock market zeroes are so far turning out to be this year’s Wall Street heroes. The best performer…
Continue Reading Bad sign for stocks: Bond yields are white hot again
By Nicole Goodkind, CNN 2022 was the worst year on record for bonds. Despite a promising start, 2023 is starting to look rough, too. The recent…
Continue Reading South Korean diplomats dance into Indian hearts in ‘Naatu Naatu’ viral video
By Rhea Mogul, CNN Dancing South Korean diplomats have won the hearts of millions of Indians with their viral video performance of Oscar-nominated…
Continue Reading Fox Chairman Rupert Murdoch rejected election conspiracy theories, Dominion lawsuit documents show
By Oliver Darcy, Jon Passantino, Marshall Cohen, Nicki Brown, Kate Trafecante, Anna Bahney and Jeanne Sahadi, CNN A trove of text messages, emails,…
Continue Reading Rupert Murdoch acknowledged that Fox News hosts endorsed false stolen election claims
By Oliver Darcy, CNN Rupert Murdoch, the chairman of Fox Corporation, acknowledged in a deposition taken by Dominion Voting Systems that some Fox…
Continue Reading Rupert Murdoch acknowledged that Fox News hosts endorsed false stolen election claims
By Oliver Darcy and Jon Passantino, CNN Rupert Murdoch, the chairman of Fox Corporation, acknowledged in a deposition taken by Dominion Voting…
Continue Reading Why the 2023 stock market rally may be over already
By Paul R. La Monica, CNN So much for that big stock market comeback this year. Sure, it’s only February. But the Dow is now down almost 1%…
Continue Reading Pending home sales blew past expectations last month as buyers pounced on lower rates
By Anna Bahney, CNN Pending home sales crushed expectations in January, when mortgage rates dropped from recent highs of more than 7% and home buyers…
Continue Reading One year into Ukraine war, US gas prices are lower. Here’s what to expect ahead
By Chris Isidore, CNN For Ukraine, the year since Russia’s invasion has been one of widespread death, destruction and displacement, as millions…
Continue Reading There are new rules about severance agreements. Here’s what you need to know
By Jeanne Sahadi, CNN There have been many questions raised about the implications and reach of a recent decision by the National Labor Relations…
Continue Reading Economists’ crystal balls are growing cloudier. But they still expect a recession
By Alicia Wallace, CNN The US economy is confusing: Jobs are surging. Inflation has been cooling but still running relatively hot. Gas prices are on…
Continue Reading Why the Fed is increasingly flying blind on the economy
By Nicole Goodkind, CNN Analysts have long expected a slowdown in the US labor market, but for the past 10 months, the data has come in better than…
Continue Reading Long Covid disabled them. Then they met a ‘broken’ Social Security disability process
By Morgan Stephens, CNN Pushing through cognitive impairment, migraines and severe fatigue, Michaelene Carlton, 49, mustered up the energy last week…
Continue Reading CNN exclusive: Yellen says ‘so far, so good’ in US inflation battle
By Alicia Wallace, CNN Treasury Secretary Janet Yellen said Monday she believes US inflation remains too high but that a soft landing is on the…
Continue Reading ‘Dilbert’ distributor and book publisher drop creator Scott Adams over his racist remarks
By Jon Passantino and Oliver Darcy, CNN Andrews McMeel Universal, the company that syndicates “Dilbert,” said it is cutting ties with the…
Continue Reading TD Bank reaches $1.2 billion settlement in Ponzi scheme lawsuit
By Ramishah Maruf, CNN TD Bank will pay $1.2 billion to settle a lawsuit alleging its involvement in an infamous $7 billion Ponzi scheme orchestrated…
Continue Reading ‘South Park’ lawsuit: Warner Bros. Discovery sues Paramount for $500 million
By Ramishah Maruf, CNN Warner Bros. Discovery filed a lawsuit against Paramount Friday, claiming the rival media company breached its…
Continue Reading Norfolk Southern CEO sells stock and sets up scholarship fund for East Palestine
By Chris Isidore, CNN Norfolk Southern CEO Alan Shaw sold $448,000 worth of the company’s stock this week, a month after the toxic train…
Continue Reading Union Pacific CEO to leave after push from activist shareholder
By Chris Isidore, CNN Union Pacific shares jumped 10% in premarket trading Monday after the railroad company announced CEO Lance Fritz, 60, will…
Continue Reading ‘Dilbert’ to return on Scott Adams’ subscription service
By Ramishah Maruf, CNN Dilbert is coming back. At least in a different sense. Scott Adams, the comic creator who was dropped by hundreds of…
Continue Reading Demand has surged — not slumped — for Kanye West’s Yeezy sneakers, one CEO says
By Parija Kavilanz, CNN Adidas last year dumped Ye (formerly known as Kanye West) and his once hugely popular Yeezy clothing and sneaker brand…
Continue Reading Elon Musk tweets support for ‘Dilbert’ creator after racist tirade
By Jordan Valinsky, CNN Elon Musk defended “Dilbert” creator Scott Adams after hundreds of newspapers stopped printing the comic strip…
Continue Reading Hundreds of newspapers drop ‘Dilbert’ comic strip after racist tirade from creator Scott Adams
by Oliver Darcy, CNN Newspapers across the country dropped the “Dilbert” comic strip over the weekend after the creator of the satirical…
Continue Reading China approved equivalent of two new coal plants a week in 2022, report finds
By Jessie Yeung, CNN China is surging ahead with coal, a new report shows, rapidly approving and building new power plants despite its own promises…
Continue Reading ‘South Park’ lawsuit: Warner Bros. Discovery sues Paramount for $500 million
By Ramishah Maruf, CNN Warner Bros. Discovery filed a lawsuit against Paramount Friday, claiming the rival media company breached its…
Continue Reading Larry Summers: Why sanctions on Russia aren’t effective
By Ramishah Maruf, CNN Former Treasury Secretary Larry Summers said price caps on Russian energy should be stiffened up to maximize the impact of…
Continue Reading Missing Chinese billionaire CEO assisting authorities in investigation, company says
By Ramishah Maruf, CNN Missing Chinese CEO Bao Fan is cooperating in an investigation by “certain authorities in the People’s Republic of…
Continue Reading Inflation is doing a crab walk and Fed officials fear its pinch
By Nicole Goodkind, CNN The possibility of a 2023 market rally ground to a halt last week amid an onslaught of unfortunate inflation and economic…
Continue Reading Hundreds of newspapers drop ‘Dilbert’ comic strip after racist tirade from creator Scott Adams
by Oliver Darcy, CNN Newspapers across the country dropped the “Dilbert” comic strip over the weekend after the creator of the satirical…
Continue Reading Berkshire Hathaway earnings fall 8% in fourth quarter but rise 12% for full year
By Ramishah Maruf, CNN Berkshire Hathaway’s operating earnings fell during the fourth quarter of 2022, as inflation pressures and high interest…
Continue Reading Covid shrank the restaurant industry. That’s not changing anytime soon
By Danielle Wiener-Bronner, CNN It’s never been easy to operate a restaurant, and in recent years it’s been even harder. In 2020, Covid…
Continue Reading New home sales rise as prices drop in January
By Anna Bahney, CNN New home sales rose in January from December, as mortgage rates eased off their highs of the past year at the start of 2023.…
Continue Reading Regal Cinemas owner Cineworld says shareholders will be wiped out
By Olesya Dmitracova, CNN Regal Cinemas owner Cineworld, which filed for Chapter 11 bankruptcy protection last year, said Friday that it expected…
Continue Reading Boeing forced to halt 787 Dreamliner deliveries once again
By Chris Isidore, CNN Boeing has been forced to halt deliveries of the 787 Dreamliner once again, just months after it resumed deliveries to…
Continue Reading Inflation surprisingly rose in January, according to the Fed’s preferred gauge
By Alicia Wallace, CNN The Federal Reserve’s preferred inflation gauge heated up unexpectedly in January, as did consumer spending, showing the…
Continue Reading Consumers keep spending. That might not be good news for them or the Fed
By Alicia Wallace, CNN US consumers kept spending last year despite historically high inflation, not only shelling out for necessities but also…
Continue Reading The UK’s fruit and vegetable shortage could last at least until May
By Anna Cooban, CNN A shortage of some fruits and vegetables in the United Kingdom that has prompted rationing at most major supermarkets could last…
Continue Reading How the Supreme Court could reshape the internet as you know it
By Brian Fung, CNN Justice Samuel Alito of the US Supreme Court asked this week what may be, to millions of average internet users, the most…
Continue Reading Air fryer recall: 2 million Cosori air fryers recalled because of fire hazard
By Jordan Valinsky, CNN Business Roughly 2 million Cosori air fryers have been recalled because they pose a possible fire risk. The US Consumer…
Continue Reading Thomas H. Lee, pioneer of leveraged buyouts, is dead at 78
By Chris Isidore, CNN Business Thomas H. Lee, a private equity financier who pioneered the use of leveraged buyouts that helped to reshape corporate…
Continue Reading Why today’s inflation report is so important
By Nicole Goodkind, CNN Federal Reserve policy is based on trust. The central bank’s ability to maintain stable prices depends on the…
Continue Reading Molson Coors’ funny ad went too far, regulator says
By Jordan Valinsky, CNN Business Beer ads try to be funny, but a regulatory group has determined that Molson Coors went too far with a recent ad that…
Continue Reading India’s opposition vows to keep ‘raising questions about Adani group’ after spokesperson arrested
By Rhea Mogul and Manveena Suri, CNN When dozens of security personnel crowded onto the runway of New Delhi’s Indira Gandhi Airport on…
Continue Reading 401(k) balances rise, despite economic and market challenges
By Jeanne Sahadi, CNN Business Despite higher prices, endless talk of a possible recession and falling markets, 401(k) participants managed to keep…
Continue Reading The US economy grew less in fourth quarter than previously believed
By Chris Isidore and Alicia Wallace, CNN The US economy grew at a 2.7% annual rate in the final three months of the year, the Commerce Department…
Continue Reading Americans have a collective $21 billion in unspent gift cards
By Parija Kavilanz, CNN Some people love them, some people hate them. Worse, a large number of us who receive them on special occasions are…
Continue Reading Domino’s stock tumbles 11% as delivery problems persist
By Danielle Wiener-Bronner, CNN Domino’s delivery problems aren’t over. In the last quarter of 2022 sales at locations open at least a…
Continue Reading US mortgage rates rise for the third week in a row
By Anna Bahney, CNN Mortgage rates shot up for the third-straight week, as inflation concerns make rates more volatile. The 30-year fixed-rate…
Continue Reading Washington Post: Bezos hires investment firm to explore possibility of NFL team bid
By Dave Alsup, CNN Amazon founder Jeff Bezos hired an investment firm to research a possible bid for the NFL Washington Commanders team, two people…
Continue Reading Carvana’s losses widen as the used-car market stalls
By Peter Valdes-Dapena, CNN Last year was a wreck for Carvana, the online used-car seller known for its tall glass “car vending…
Continue Reading Ozy Media founder Carlos Watson arrested and charged with fraud
By Oliver Darcy, CNN Business Carlos Watson, the founder and chief executive of the embattled Ozy Media, was arrested and charged with fraud this…
Continue Reading BBC won’t be ‘put off’ covering India by tax raids and censorship
By Hanna Ziady, CNN The BBC says it will not be “put off” from reporting in India after the government prevented a documentary critical…
Continue Reading Biden nominates former MasterCard exec Ajay Banga to lead World Bank
By Jordan Valinsky, CNN President Joe Biden has announced that he’s nominating Ajay Banga, a former MasterCard executive, to serve as president…
Continue Reading FTX founder Sam Bankman-Fried indicted on new criminal charges, including campaign finance violations
By Kara Scannell, Lauren del Valle and Fredreka Schouten, CNN Federal prosecutors announced four new criminal charges against Sam Bankman-Fried, the…
Continue Reading It’s market bulls vs. Fed hawks on Wall Street
By Nicole Goodkind, CNN There’s a new tussle brewing in the animal kingdom of Wall Street: Hawks vs. Bulls. Policymakers at the Federal Reserve…
Continue Reading China is helping to prop up the Russian economy. Here’s how
By Laura He, CNN In the year since the Russian invasion of Ukraine, Moscow has been hit by unprecedented Western sanctions and shut out of much of…
Continue Reading China is helping to prop up the Russian economy. Here’s how
By Laura He, CNN In the year since the Russian invasion of Ukraine, Moscow has been hit by unprecedented Western sanctions and shut out of much of…
Continue Reading China is helping to prop up the Russian economy. Here’s how
By Laura He, CNN In the year since the Russian invasion of Ukraine, Moscow has been hit by unprecedented Western sanctions and shut out of much of…
Continue Reading China is helping to prop up the Russian economy. Here’s how
By Laura He, CNN In the year since the Russian invasion of Ukraine, Moscow has been hit by unprecedented Western sanctions and shut out of much of…
Continue Reading Companies can no longer silence laid-off employees in exchange for severance
By Jeanne Sahadi, CNN If your company lays you off, your employer might offer you severance pay — but only if you agree to adhere to a number of…
Continue Reading FDA fines e-cigarette makers for selling products illegally in ‘wakeup call’ to tobacco manufacturers
By Jen Christensen, CNN The US Food and Drug Administration announced Wednesday that it has filed complaints against four makers of e-cigarette…
Continue Reading Norfolk Southern, in wake of toxic derailment, gives in on sick days for one of its unions
By Chris Isidore, CNN Norfolk Southern has agreed to give one of its unions the paid sick days it demanded for members in negotiations last year, and…
Continue Reading Cyberattack on food giant Dole temporarily shuts down North America production, company memo says
By Sean Lyngaas, CNN A cyberattack earlier this month forced produce giant Dole to temporarily shut down production plants in North America and halt…
Continue Reading Biden admin cuts some mortgage fees amid housing affordability crisis
By Anna Bahney, CNN The Biden administration announced Wednesday a change that will save an estimated 850,000 home buyers — primarily low- and…
Continue Reading New from the Mercedes’ 2024 E-class: Angry Birds
By Peter Valdes-Dapena, CNN Business For those who have ever felt the urge to whip off a TikTok video from inside their car, Mercedes-Benz owners…
Continue Reading New from the Mercedes’ 2024 E-class: Angry Birds
By Peter Valdes-Dapena, CNN Business For those who have ever felt the urge to whip off a TikTok video from inside their car, Mercedes-Benz owners…
Continue Reading NPR to cut 10% of its staff in “a major loss” for the public radio network, CEO says
By Jon Passantino National Public Radio will lay off 10% of its staff after projecting a $30 million budget shortfall, NPR’s chief executive…
Continue Reading Norfolk Southern is paying $6.5 million to derailment victims. Meanwhile, it’s shelling out $7.5 billion for shareholders
By Chris Isidore, CNN Norfolk Southern CEO Alan Shaw pledged Tuesday the freight railroad will spend $6.5 million to help those affected by the…
Continue Reading Norfolk Southern is paying $6.5 million to derailment victims. Meanwhile, it’s shelling out $7.5 billion for shareholders
By Chris Isidore, CNN Norfolk Southern CEO Alan Shaw pledged Tuesday the freight railroad will spend $6.5 million to help those affected by the…
Continue Reading Why UK supermarkets are rationing fruit and vegetables
By Anna Cooban, CNN Major UK supermarkets have started rationing the sale of some staple fruits and salad vegetables, blaming poor weather in Spain…
Continue Reading Big Retail’s cautious forecasts are spooking Wall Street
By Nicole Goodkind, CNN Forecasts from Walmart and Home Depot made for a grim day of trading on Tuesday. The mega retailers’ predictions of a…
Continue Reading Killer guru’s temporary release from prison sparks anger in India. And it’s not the first time
By Manveena Suri and Rhea Mogul, CNN A convicted killer and rapist revered by millions as a religious guru has temporarily walked free from jail in…
Continue Reading Hong Kong’s financial secretary expects city’s economy to grow between 3.5% and 5.5%
By Laura He, CNN Hong Kong’s Covid-hit economy will return to growth this year and expand by between 3.5% and 5.5%, as the city opens up and…
Continue Reading Department of Transportation watchdog to investigate flight cancellations and delays
By Ross Levitt, CNN The Department of Transportation’s internal watchdog said Tuesday it is launching a probe into the spike in flight…
Continue Reading Starbucks’ new drinks have a spoonful of olive oil in every cup
By Danielle Wiener-Bronner, CNN Business Starbucks wants you to give olive oil coffee a shot. Really. The coffee chain is rolling out a new line of…
Continue Reading Starbucks’ new drinks have a spoonful of olive oil in every cup
By Danielle Wiener-Bronner, CNN Business Starbucks wants you to give olive oil coffee a shot. Really. The coffee chain is rolling out a new line of…
Continue Reading Norfolk Southern CEO defends railroad’s response to Ohio derailment
By Artemis Moshtaghian, Linh Tran, Yon Pomrenze and Chris Isidore, CNN Norfolk Southern CEO Alan Shaw defended his company’s actions since the…
Continue Reading Dow drops by nearly 700 points as retail earnings disappoint
By Nicole Goodkind, CNN US stocks plunged on Tuesday after fourth-quarter earnings and forecasts from mega-retailers like Walmart and Home Depot…
Continue Reading Bankman-Fried lawyers say they will pay for technical expert to aid judge on bail terms
by Kara Scannell, CNN Lawyers for Sam Bankman-Fried agreed to pay for a security expert to help the federal judge overseeing his fraud case navigate…
Continue Reading Mormon Church to pay fine to settle charges it hid an approximately $32 billion investment fund
By Nathaniel Meyersohn, CNN The Church of Jesus Christ of Latter-day Saints and its investment manager will pay a $5 million fine to settle…
Continue Reading Home Depot to spend $1 billion more on hourly workers
By Chris Isidore, CNN Home Depot said it will increase pay and benefits for front line hourly staff by $1 billion this year, another sign of a…
Continue Reading Walmart warns it’s in for a tough year
By Nathaniel Meyersohn, CNN Walmart had a strong holiday shopping season, but the year ahead will be more challenging for America’s largest…
Continue Reading Home sales sank in January for the 12th straight month
By Anna Bahney, CNN US home sales declined in January for the 12th consecutive month as mortgage rates remained elevated and stubbornly high prices…
Continue Reading Men did a lot more childcare while trialing a four-day work week
By Anna Cooban, CNN Men participating in the world’s biggest trial of a four-day work week spent much more time with their children, organizers…
Continue Reading Starbucks displayed ‘egregious and widespread misconduct’ in union fight, judge says
By Danielle Wiener-Bronner, CNN Starbucks has displayed “egregious and widespread misconduct” in its dealings with employees involved in…
Continue Reading Credit Suisse shares plunge again on report of regulatory probe
By Olesya Dmitracova, CNN Shares of embattled Swiss bank Credit Suisse fell to a record low Tuesday after a report that regulators are reviewing…
Continue Reading Starbucks CEO says things have gone sour for young people
By Danielle Wiener-Bronner Fifteen years ago, Howard Schultz reprised his role as Starbucks CEO, returning to the helm to help put the struggling…
Continue Reading How oil and gas companies think about their shareholders
By Nicole Goodkind, CNN Oil and gas companies have seen skyrocketing growth as the energy crisis triggered by Russia’s war in Ukraine has…
Continue Reading Standard Chartered plans hiring spree in Hong Kong as city reopens to China
By Michelle Toh, CNN Standard Chartered is going on a hiring spree in Hong Kong this year, in a sign of renewed confidence in its biggest market as…
Continue Reading Don Lemon to return to CNN, will undergo formal training following sexist comments, network boss says
By Oliver Darcy, CNN CNN anchor Don Lemon will return to the network’s air on Wednesday and will participate in formal training following…
Continue Reading James O’Keefe ousted from right-wing activist group Project Veritas
By Jon Passantino, CNN James O’Keefe, the founder and chairman of Project Veritas — the right-wing activist group known for its selectively…
Continue Reading Black couples pay a higher tax penalty for marriage than White couples. Here’s why
By Jeanne Sahadi, CNN When filling out your federal income tax return, there is no requirement to identify your race. Moreover, the US tax code does…
Continue Reading London is handing out free meals for all elementary school children
By Hanna Ziady, CNN London’s mayor has announced an emergency program to provide free meals for all children attending state primary schools in…
Continue Reading Meta is launching a pay-for-verification subscription service for Facebook and Instagram
By Ramishah Maruf, CNN Meta is testing a subscription service which will allow Instagram and Facebook users to pay to get verified, Mark Zuckerberg…
Continue Reading Prices for single-family homes are falling in these cities
By Anna Bahney, CNN Home prices are going up across the country — in aggregate. Looking at individual markets, however, some are showing prices…
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