First-time homebuyers are being shut out of the market like never before
By Anna Bahney, CNN Business If you bought your first home during the past year, consider yourself one of the fortunate few. Skyrocketing home prices…
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Here’s how to get a free sandwich on National Sandwich Day
By Parija Kavilanz, CNN Business Who can resist a sandwich — especially if it’s free? November 3rd marks National Sandwich Day (yes,…
Continue Reading Here’s why 75% of likely voters think we are in a recession — even though we’re probably not
By Allison Morrow, CNN Business A new CNN poll shows that three-quarters of likely voters feel like the US economy is in a recession. It’s…
Continue Reading Grocery prices are soaring. But this food favorite is getting cheaper
By Parija Kavilanz, CNN Business There’s at least one item in the grocery store that is getting less expensive: avocados. A significant supply…
Continue Reading New York Attorney General Letitia James secures $523 million from Teva Pharmaceuticals for role in opioid crisis
By Kristina Sgueglia, CNN The New York Attorney General’s office announced it has secured $523 million from Teva Pharmaceuticals and affiliates…
Continue Reading First-time homebuyers are being shut out of the market like never before
By Anna Bahney, CNN Business If you bought your first home during the past year, consider yourself one of the fortunate few. Skyrocketing home prices…
Continue Reading Did Jerome Powell just bust the stock market rally?
By Julia Horowitz, CNN Business Federal Reserve Chair Jerome Powell has the power to make or break markets these days. On Wednesday, he opted to…
Continue Reading Wall Street is bracing for a potential game changer, but it’s not the election
By Matt Egan, CNN Business Wall Street is waiting for the results of Tuesday’s midterm election like the rest of the world, but traders say…
Continue Reading Bank of England sets biggest rate hike in 33 years and warns of a long recession
By Hanna Ziady and Julia Horowitz, CNN Business The Bank of England raised interest rates by three quarters of a percentage point on Thursday, the…
Continue Reading Les Moonves, CBS to pay $30 million in settlement with NY AG over sexual misconduct allegations
By Frank Pallotta, CNN Business Leslie Moonves, former chief executive officer of CBS, and CBS reached a $30.5 million settlement with the office of…
Continue Reading What rising interest rates mean for you
By Jeanne Sahadi, CNN Business The Federal Reserve raised its benchmark interest rate for the sixth time in a row on Wednesday, to a range of 3.75%…
Continue Reading Thanksgiving dinner will be a lot more expensive this year, report finds
By Danielle Wiener-Bronner, CNN Business Looks like Thanksgiving will be a lot pricier this year. Market research firm IRI predicts that your…
Continue Reading What will the Fed do next? Follow the economy, not what Jerome Powell says
By Paul R. La Monica, CNN Business The stock market has been on a roller coaster ride, largely because of Wall Street’s shifting expectations…
Continue Reading Thanksgiving dinner will be a lot more expensive this year, report finds
By Danielle Wiener-Bronner, CNN Business Looks like Thanksgiving will be a lot pricier this year. Market research firm IRI predicts that your…
Continue Reading Biden’s stock market record so far is the second worst since Jimmy Carter
By Matt Egan, CNN Business The stock market started the Biden era with a boom. But it heads into the midterm election looking more like a bust.…
Continue Reading Ford October sales slide 10% largely due to supply chain issues
By Michael Ballaban, CNN Business Ford saw its October US sales slump 10% over the last year as the company continued to battle supply chain…
Continue Reading This is what Starbucks’ 25th anniversary holiday cups look like
By Jordan Valinsky, CNN Business This year marks the 25th anniversary of Starbucks’ holiday cups, an annual tradition that unofficially rings…
Continue Reading The Fed makes history with a fourth straight three-quarter-point rate hike
By Nicole Goodkind, CNN Business The Federal Reserve approved a fourth-straight rate hike of three-quarters of a percentage point on Wednesday as…
Continue Reading Workers vote against first unionizing effort at Home Depot
By Chris Isidore, CNN Business Workers at a Home Depot in Philadelphia overwhelmingly voted against becoming the first store in the chain to be…
Continue Reading From Apple to Disney, China’s Covid curbs are again hurting business
By Diksha Madhok and CNN’s Beijing bureau It has been almost three years since Covid-19 first hit China, but the country’s relentless…
Continue Reading A recession in the US is not a slam dunk, Goldman Sachs says
By Matt Egan, CNN Business While investors, business leaders and some economic models continue to warn a recession is imminent, Wall Street’s…
Continue Reading Shipping giant Maersk warns of ‘dark clouds on the horizon’
By Julia Horowitz, CNN Business The spike in shipping rates since the onset of the pandemic has been a huge boon for Maersk. But the Danish shipping…
Continue Reading A decade of rising house prices is over. The UK economy will feel the pain
By Anna Cooban and Hanna Ziady, CNN Business For years, home ownership in Britain has been a one-way bet. Prices have climbed steadily since the…
Continue Reading These baristas are leading a nationwide campaign to unionize Starbucks. It came at a cost
By Chris Isidore, CNN Business They came from very different backgrounds and different parts of the country, each with different reasons for seeking…
Continue Reading Wall Street’s recent love affair with the Fed could turn on a dime
By Nicole Goodkind, CNN Business Fed decision day is here — and so is some potential bad news for the market. That’s because investors have…
Continue Reading ‘The worst is behind us’: Hong Kong hosts top global bankers for finance summit
By Michelle Toh, CNN Business Hong Kong leader John Lee sought to drum up confidence in the city’s future as a global financial hub on…
Continue Reading Spotify is going to war with Apple after the App Store rejected its big new feature
By Oliver Darcy, CNN Business Spotify is looking to give Apple a good bruising in the press. The music streamer is taking its grievances with the…
Continue Reading Former Treasury Secretary Larry Summers urges Fed to keep hiking rates
By Nicole Goodkind, CNN Business Former US Treasury Secretary Larry Summers said on Tuesday that the growing chorus of economists and politicians…
Continue Reading United pilots reject contract as airline negotiations ramp up
by Greg Wallace, CNN A shortage of airline pilots is leading pilots at America’s largest carriers to push for better pay and benefits. The…
Continue Reading Self-driving cars were supposed to take over the road. What happened?
By Matt McFarland, CNN Business For over a decade, companies from Google to General Motors have poured billions of dollars into the pursuit of what…
Continue Reading Elizabeth Warren to Jerome Powell: Just how many jobs do you plan to kill?
By Matt Egan, CNN Business As the Federal Reserve kicks off another pivotal rate-setting meeting, lawmakers are reminding the central bank exactly…
Continue Reading Where are the unicorns? The IPO market has unraveled this year
By Paul R. La Monica, CNN Business Wall Street bulls may have come thundering back in October as bears appear to have gone into hibernation. But…
Continue Reading SpaceX’s Falcon Heavy rocket, world’s most powerful rocket, launches after three-year hiatus
By Jackie Wattles, CNN SpaceX’s Falcon Heavy — a towering, three-pronged vehicle that is the most powerful operational rocket in the world…
Continue Reading Chick-fil-A operator has a winning recipe for employees: three-day workweek
By Parija Kavilanz, CNN Business What staffing shortage? One Miami Chick-fil-A owner/operator has been deluged with applications after switching his…
Continue Reading SpaceX’s Falcon Heavy rocket, world’s most powerful rocket, launches after three-year hiatus
By Jackie Wattles, CNN SpaceX’s Falcon Heavy — a towering, three-pronged vehicle that is the most powerful operational rocket in the world…
Continue Reading Why America’s job market hasn’t imploded
By Nicole Goodkind, CNN Business Despite a stock-market bounce in October that gave the Dow its biggest monthly gain in more than 45 years,…
Continue Reading The number of job openings rose unexpectedly in September, despite the Fed’s aggressive actions
By Alicia Wallace, CNN Business The number of available jobs in the United States increased in September, surprising economists who had expected the…
Continue Reading Don’t worry, you can still get a great return on these inflation-protected bonds
By Jeanne Sahadi, CNN Business There are few places to keep your cash these days that can protect your money from inflation. And while you might have…
Continue Reading Biden’s oil windfall tax would backfire, warns Larry Summers
By Matt Egan, CNN Business Economist Larry Summers is pushing back after President Joe Biden floated the possibility of punishing the oil industry…
Continue Reading US debt: Federal interest payments could soon exceed military spending
By Matt Egan, CNN Business The Federal Reserve’s war on inflation isn’t just painful for home buyers and people with credit card debt.…
Continue Reading BP announces $2.5 billion share buyback after profit soars
By Hanna Ziady, CNN Business BP’s profit more than doubled in the third quarter of the year, extending a bumper run of earnings for the…
Continue Reading Oleg Tinkov renounces Russian citizenship over war in Ukraine
By Mark Thompson, Mayumi Maruyama and Alex Stambaugh, CNN Oleg Tinkov, the founder of a major Russian digital bank, has renounced his Russian…
Continue Reading What we know about India’s deadly bridge collapse
By Rhea Mogul, Manveena Suri and Swati Gupta, CNN More than 50 children are among 135 people killed in Sunday’s bridge collapse in…
Continue Reading Judge blocks Penguin Random House’s purchase of Simon & Schuster
By CNN Business staff A federal judge blocked Penguin Random House from buying Simon & Schuster, arguing that the combination of the two book…
Continue Reading Delta pilots say they’re willing to strike, but no impact to Thanksgiving travel is expected
By Pete Muntean, CNN Delta Air Lines pilots intensified their push for improved pay by insisting they will strike if they do not get a new contract.…
Continue Reading Wheat and corn prices jump after Russia quits Black Sea grain deal
By Hanna Ziady, CNN Business Prices of wheat and corn on global commodities markets rose on Monday after Russia pulled out of a deal that had allowed…
Continue Reading A spooky forecast for the future of interest rates
By Nicole Goodkind, CNN Business When will central banks stop raising interest rates? That’s the multi-trillion dollar question that has Wall…
Continue Reading Inflation isn’t going anywhere. Just look at the latest data from Europe
By Julia Horowitz, CNN Business European inflation has accelerated to a new record high as energy and food prices in the region continue to…
Continue Reading The Fed may have to blow up the economy to get inflation under control
By Paul R. La Monica, CNN Business The Federal Reserve is most likely going to raise interest rates by three quarters of a percentage point again on…
Continue Reading The Happy Meal inventor says McDonald’s didn’t want it at first
By Nathaniel Meyersohn, CNN Business McDonald’s said this week that it sold half of its new Happy Meals geared toward adults –Cactus…
Continue Reading Elon Musk, Twitter’s new owner, tweets conspiracy theory about attack on Paul Pelosi
By Oliver Darcy and Donie O’Sullivan, CNN Elon Musk on Sunday gave credence to a fringe conspiracy theory about the violent attack on Paul…
Continue Reading Dow has biggest monthly gain in more than 45 years
By Paul R. La Monica, CNN Business The Dow fell nearly 130 points, or 0.4% Monday, but it still ended October up 14% — its best monthly gain since…
Continue Reading Inflation isn’t going anywhere. Just look at the latest data from Europe
By Julia Horowitz, CNN Business European inflation has accelerated to a new record high as energy and food prices in the region continue to…
Continue Reading Elon Musk, Twitter’s new owner, tweets conspiracy theory about attack on Paul Pelosi
By Oliver Darcy and Donie O’Sullivan, CNN Elon Musk on Sunday gave credence to a fringe conspiracy theory about the violent attack on Paul…
Continue Reading ‘SNL’ takes on notable Republicans before the midterm elections
By Frank Pallotta, CNN Business “Saturday Night Live” kicked off this week’s episode with Heidi Gardner leading a PBS NewsHour…
Continue Reading ‘SNL’ takes on notable Republicans before the midterm elections
By Frank Pallotta, CNN Business “Saturday Night Live” kicked off this week’s episode with Heidi Gardner leading a PBS NewsHour…
Continue Reading Tesla ATV for kids recalled for violating safety standards
By Peter Valdes-Dapena, CNN Business The Tesla Cyberquads for Kids, made by Radio Flyer, has been recalled because it doesn’t meet federal…
Continue Reading McDonald’s stock hits all time high
By Danielle Wiener-Bronner, CNN Business McDonald’s stock hit an all time high Friday as Wall Street cheered the company’s third quarter…
Continue Reading Trump won’t return to Twitter right away: Musk enlists panel to review suspended accounts
By Oliver Darcy, CNN Business Newly minted Twitter owner Elon Musk said Friday afternoon that the social media company “will be forming a…
Continue Reading Trump won’t return to Twitter right away: Musk enlists panel to review suspended accounts
By Oliver Darcy, CNN Business Newly minted Twitter owner Elon Musk said Friday afternoon that the social media company “will be forming a…
Continue Reading The electric Pininfarina Battista costs a whopping $2 million. Here’s what that gets you
By Peter Valdes-Dapena, CNN Business The Pininfarina Battista is an astonishing car. Its base price, $2.2 million, is shocking, but so are its…
Continue Reading The electric Pininfarina Battista costs a whopping $2 million. Here’s what that gets you
By Peter Valdes-Dapena, CNN Business The Pininfarina Battista is an astonishing car. Its base price, $2.2 million, is shocking, but so are its…
Continue Reading Brits are stocking up on air fryers and electric blankets as energy bills skyrocket
By Anna Cooban, CNN Business Shoppers in the United Kingdom are snapping up energy-saving air fryers, electric blankets and slow cookers this winter…
Continue Reading Many employers will soon have to advertise salary thanks to two new laws
By Jeanne Sahadi, CNN Business Next week, job seekers will start to get a much better grasp on what many employers are willing to pay — and so…
Continue Reading Inflation data shows US prices were still uncomfortably high last month
By Alicia Wallace, CNN Business A new batch of inflation data released Friday showed that while prices remained uncomfortably high in September, a…
Continue Reading Dow has biggest monthly gain in more than 45 years
By Paul R. La Monica, CNN Business The Dow fell nearly 130 points, or 0.4% Monday, but it still ended October up 14% — its best monthly gain since…
Continue Reading Employers kept hiking workers’ wages last quarter, but they did not keep up with inflation
By Tami Luhby, CNN Employers continued hiking wages to attract workers and hold on to existing staff during the third quarter. But the raises did not…
Continue Reading After brands dump Kanye West, many people ask: What took so long?
By Danielle Wiener-Bronner, CNN Business Earlier this week Adidas ended its partnership with rapper and fashion designer Ye (who previously went by…
Continue Reading After brands dump Kanye West, many people ask: What took so long?
By Danielle Wiener-Bronner, CNN Business Earlier this week Adidas ended its partnership with rapper and fashion designer Ye (who previously went by…
Continue Reading Dow surges more than 800 points on the back of record oil profits
By Paul R. La Monica, CNN Business Stocks rallied heading into the weekend, despite lousy results from Amazon. Solid earnings from Apple and record…
Continue Reading ExxonMobil posts another record profit as oil prices remain high
By Chris Isidore, CNN Business America’s largest oil company ExxonMobil set a profit record for the second-straight quarter as oil and gas…
Continue Reading The Fed is killing the housing market
By Nicole Goodkind, CNN Business The US economy grew by a 2.6% adjusted annual rate in the third-quarter, bouncing back from two negative quarters…
Continue Reading The Fed is killing the housing market
By Nicole Goodkind, CNN Business The US economy grew by a 2.6% adjusted annual rate in the third-quarter, bouncing back from two negative quarters…
Continue Reading 300 business groups call on Biden to intervene in rail unions contract vote
By Vanessa Yurkevich, CNN Three hundred business groups are calling on President Joe Biden to intervene in the ratification of the national tentative…
Continue Reading As prices soar, consumers turn to McDonald’s
By Danielle Wiener-Bronner, CNN Business Inflation is relentlessly high and food prices in particular are soaring. In this environment, customers are…
Continue Reading Ford’s beloved little Fiesta is going away, at least for now
By Peter Valdes-Dapena, CNN Business The Ford Fiesta, a hugely popular little hatchback in much of the world, will soon no longer appear in…
Continue Reading A guaranteed way to beat inflation temporarily crashed a Treasury website
By Jeanne Sahadi, CNN Business The demand to buy US Series I savings bonds this week has been so great that it temporarily crashed the Treasury web…
Continue Reading New York Post says ‘vile and reprehensible’ tweets result of rogue employee
By Oliver Darcy, CNN Business The New York Post said that a series of vulgar and racist tweets and headlines published Thursday morning were the…
Continue Reading New York Post says ‘vile and reprehensible’ tweets result of rogue employee
By Oliver Darcy, CNN Business The New York Post said that a series of vulgar and racist tweets and headlines published Thursday morning were the…
Continue Reading Fetterman slams Big Oil for surging profits and failure to invest in new supply
By Matt Egan Democrat John Fetterman scolded the oil industry on Thursday for reaping massive profits and argued companies are rewarding shareholders…
Continue Reading Don’t expect the bounce-back in the US economy to quiet recession calls
By Christine Romans, CNN Business Don’t expect the bounce-back in the US economy in the third quarter to quiet the chorus of recession calls.…
Continue Reading As prices soar, consumers turn to McDonald’s
By Danielle Wiener-Bronner, CNN Business Inflation is relentlessly high and food prices in particular are soaring. In this environment, customers are…
Continue Reading The US economy bounced back last quarter after shrinking in the first half of the year
By Alicia Wallace, CNN Business The US economy grew last quarter, bouncing back after shrinking in the first half of the year — but there are…
Continue Reading Mortgage rates top 7% for the first time since 2002
By Anna Bahney, CNN Business Mortgage rates rose again this week, topping 7% for the first time since 2002. The 30-year fixed-rate mortgage averaged…
Continue Reading Miss USA program under investigation after contestants claim pageant was rigged
By Amanda Musa and Jennifer Henderson, CNN The Miss Universe Organization has suspended Miss USA President Crystle Stewart and her company, Miss…
Continue Reading Rivian owners can’t help but gush about their trucks, flaws and all
By Matt McFarland, CNN Business Denis Wang says he always hated the car-buying process — until he met Rivian. Buying the automaker’s R1T…
Continue Reading European Central Bank raises rates by three quarters of a point and promises more to come
By Hanna Ziady, CNN Business The European Central Bank hiked interest rates by three quarters of a percentage point on Thursday, promising further…
Continue Reading Peloton tells members it will no longer use Kanye West’s music in new classes
By Jordan Valinsky, CNN Business Peloton has “indefinitely paused” playing Kanye West’s music from its streaming workout classes.…
Continue Reading First on CNN: Senate Democrat warns Fed it’s ‘foolish’ to keep lifting interest rates
By Matt Egan, CNN Business Colorado Sen. John Hickenlooper is pleading with the Federal Reserve to pause its relentless attack on crushing inflation…
Continue Reading Prince Harry’s long-awaited memoir, ‘Spare,’ set for January release
By Rob Picheta, Lauren Said-Moorhouse, Max Foster and Lauren Kent, CNN Prince Harry’s highly anticipated memoir will be entitled…
Continue Reading The peak in global fossil fuel emissions is just around the corner
By Anna Cooban, CNN Business Global fossil fuel emissions are expected to peak in 2025 as countries commit huge sums of money toward low-carbon…
Continue Reading Big Tech can’t save your investments
By Nicole Goodkind, CNN Business Tech stocks are taking a beating this week as they prove less resilient to the economic downturn than investors had…
Continue Reading Shell announces $4 billion share buyback as profits double
By Hanna Ziady, CNN Business Shell will buy back $4 billion worth of shares and increase its dividend by 15% after posting another gigantic quarterly…
Continue Reading Credit Suisse announces ‘radical’ restructuring with Saudi backing
By Julia Horowitz, CNN Business Credit Suisse will raise $4 billion to step back from Wall Street and double down on managing the finances of the…
Continue Reading Thai tycoon and transgender rights advocate buys Miss Universe for $20 million
By Jessie Yeung and Kocha Olarn, CNN A Thai media tycoon and transgender rights advocate has bought the Miss Universe Organization for $20 million,…
Continue Reading CNN employees brace for layoffs after network chief warns of ‘unsettling’ changes ahead
By Oliver Darcy, CNN Business “Unsettling.” That’s the sort of news CNN staffers had delivered to their inboxes at 1pm ET on…
Continue Reading Whispers of improvement may slow recession’s drumbeat
Alexandra Peers, CNN A roar of corporate earnings came out this week and last, and the information piling up from the backbone-of-American-buyers…
Continue Reading Skechers executives escort Kanye West out of building, company says
By Rob McLean, CNN Business Athletic shoe company Skechers said in a statement Wednesday that two of its executives escorted embattled musician Kanye…
Continue Reading Ford, VW pull plug on robotaxis in blow to self-driving car industry
By Matt McFarland, CNN Business Ford and Volkswagen, two of the world’s largest automakers, are shutting down their joint effort to develop…
Continue Reading DOJ codifies rule barring secret subpoenas of journalists’ records
By Jessica Schneider and Hannah Rabinowitz, CNN Attorney General Merrick Garland announced Wednesday that the Justice Department formally introduced…
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