Fed makes history with second massive rate hike in as many months
By Nicole Goodkind, CNN Business What seemed unfathomable just six months ago — a 75-basis-point rate hike by the Federal Reserve — has…
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By Nicole Goodkind, CNN Business What seemed unfathomable just six months ago — a 75-basis-point rate hike by the Federal Reserve — has…
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By Matt Egan, CNN Business The Federal Reserve is stepping up its war on inflation. That means borrowing costs are going sharply higher for families…
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By Chris Isidore, CNN Business Boeing has become so embattled, the company’s stock rose even after reporting a worse-than-expected loss and…
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By Jeanne Sahadi, CNN Business With the Federal Reserve’s interest rate hike on Wednesday — its fourth since March — consumers…
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Opinion by David Wilcox for CNN Business Perspectives The US economy may have begun to cool some, but it is still seriously overheated. Employers are…
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By Julia Horowitz, CNN Business Investors are uneasy as the Federal Reserve gears up for its latest policy announcement on Wednesday. But their hope…
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By Michelle Toh, CNN Business South Korea’s second biggest conglomerate is investing $22 billion into the United States, in high-priority areas…
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By Nicole Goodkind, CNN Business Wall Street has a serious case of recession dread. Inflation is at a 40-year high and the Federal Reserve is…
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By Swati Gupta and Rhea Mogul, CNN At least 36 people have died and about 50 others have been hospitalized in western India after drinking…
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By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
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By Lauren del Valle and Oliver Darcy, CNN The lawyer for two Sandy Hook families that have sued right-wing conspiracy theorist Alex Jones asked a…
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By Parija Kavilanz, CNN Business Cosmetics company Glossier, which has cultivated a cult-like following among Millennials and Gen Zers, announced…
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By Paul R. La Monica, CNN Business The Wall Street gambling parlor is still alive and well. Asset management firm AXS Investments recently launched…
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By Nadine Schmidt and Anna Cooban, CNN Business The German government has seized control of three Russian-owned oil refineries to secure supplies of…
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By Alicia Wallace, CNN Business Americans grew even more pessimistic about the US economy over the past month, according to the latest survey on…
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By Anna Bahney, CNN Business US home prices were up nearly 20% in May compared to the year before. But there were signs the market began to cool as…
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By Michelle Toh, CNN Business The global economy is already in trouble, yet risks keep piling up. In a report released Tuesday, the International…
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By Anna Cooban, CNN Business The European Union has agreed to ration its natural gas this winter to prevent a severe supply shock. But the bloc has…
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By Danielle Wiener-Bronner, CNN Business McDonald’s has been raising menu prices and customers are eating it up. Sales at McDonald’s US…
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By Julia Horowitz, CNN Business When wheat prices shot up to record highs following Russia’s invasion of Ukraine, alarm bells immediately…
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By Chris Isidore, CNN Business General Motors said strong sales and demand for vehicles doesn’t suggest any signs of an economic slowdown, but…
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By Paul R. La Monica, CNN Business Is the United States heading for a recession? Or is the economy already in one? It — almost —…
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By Michelle Toh, CNN Business Alibaba announced a plan to allow more mainland Chinese investors to invest in the stock. In a statement Tuesday, the…
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By Alicia Wallace, CNN Business While the latest GDP report showed the US economy contracted again in the second quarter, Treasury Secretary Janet…
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By Nathaniel Meyersohn, CNN Business Many shoppers have pulled back on buying clothing and other discretionary items as the highest inflation in four…
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By Nathaniel Meyersohn, CNN Business Many shoppers have pulled back on buying clothing and other discretionary items as the highest inflation in four…
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By Nathaniel Meyersohn, CNN Business Diapers are a notoriously large expense for caregivers of newborns, toddlers and adults suffering from…
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By Alicia Wallace, CNN Business Americans grew even more pessimistic about the US economy over the past month, according to the latest survey on…
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By Alexandra Peers, CNN Business Be careful what you sign — and read the fine print. That’s just one of the lessons from a convoluted lawsuit…
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By Danielle Wiener-Bronner, CNN Business Major US poultry processors engaged in a 20-year-long conspiracy to suppress worker pay, the Department of…
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By Paul R. La Monica, CNN Business The first half of 2022 was awful for stocks. But investors have seen a rebound in July and the markets are…
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The streaming service added its first R-rated films in the US on Friday with “Deadpool,” “Deadpool 2” and…
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By Chris Isidore, CNN Business The Securities and Exchange Commission apparently isn’t done with Elon Musk and his tweets quite yet. Tesla…
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By Frank Pallotta, CNN Business The NFL launched a streaming service Monday. That sounds like a football fan’s dream, but it’s probably…
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By Stefano Pozzebon, CNN South American countries are bracing for an autumn of discontent, as spiking global fuel prices threaten to provoke more…
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By Julia Horowitz, CNN Business There’s no denying that the US economy is at a strange juncture that’s left even top experts scratching…
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By Paul R. La Monica, CNN Business Is the United States heading for a recession? Or is the economy already in one? It — almost —…
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By Anna Cooban, CNN Business Elon Musk has denied having an affair with Nicole Shanahan, the wife of Google’s co-founder, Sergey Brin. Over the…
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By Vanessa Yurkevich, CNN Business Extreme drought and inflationary pressures are forcing US farmers in Western states to sell off their cattle herds…
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By Ramishah Maruf, CNN Google has fired the engineer who claimed an unreleased AI system had become sentient, the company confirmed, saying he…
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By Ramishah Maruf, CNN Long-time New Yorker media reporter Ken Auletta heard whispers of Harvey Weinstein’s sexual abuse of women 20 years ago…
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By Frank Pallotta, CNN Business “Nope,” Jordan Peele’s third movie, opened to an estimated $44 million this weekend in North…
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By Alexandra Peers, CNN Business “The Mississippi Delta is shining like a National guitar… And for reasons I cannot explain there’s…
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By Nicole Goodkind, CNN Business Since its founding in 1913, the US Federal Reserve has fought to achieve three goals: maximum employment, stable…
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By Emma Tucker Disney’s “Fairy Godmothers in Training” who dress up children as princesses and knights in boutiques at its US theme…
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By Frank Pallotta, CNN Business Vince McMahon, the former WWE chief executive, is retiring from the company, he said in a statement on Friday. The…
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By Kathryn Vasel, CNN Business In 2020, Joe DiPastena felt confident enough to retire earlier than planned. But by 2022, he was having second…
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By Chris Isidore, CNN Business FedEx’s Ground service will stop making Sunday deliveries to about 15% of the US homes it’s currently…
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By Peter Valdes-Dapena, CNN Business Cadillac is going back into a market segment it hasn’t occupied in decades: the world of true ultra-luxury…
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By Chris Isidore, CNN Business Volkswagen’s CEO is leaving his post in a surprise move, effective September 1. The company announced Friday…
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By Stefano Pozzebon, CNN South American countries are bracing for an autumn of discontent, as spiking global fuel prices threaten to provoke more…
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By Julia Horowitz, CNN Business An average 347 million people use Snapchat every day. That’s a fraction of the nearly 2 billion daily active…
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Martha C. White The recovery wasn’t supposed to go like this. Wall Street and Main Street alike are suffering from whiplash when it comes to…
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By Nathaniel Meyersohn, CNN Business Susie Ingram has been a coupon-clipper all her life. “It has saved me a lot of money over the…
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By Paul R. La Monica, CNN Business Is America’s economy already in a recession? That’s a debate among central bankers, investors and…
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By Frank Pallotta, CNN Business “Nope,” Jordan Peele’s third movie, opened to an estimated $44 million this weekend in North…
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By Frank Pallotta, CNN Business Jordan Peele is hoping to go three-for-three at the box office. The director’s third movie, “Nope,”…
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Opinion by Jung Hyun Choi and Daniel Pang for CNN Business Perspectives Over the past year, both rents and home prices have risen faster than…
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By Julia Horowitz, CNN Business An average 347 million people use Snapchat every day. That’s a fraction of the nearly 2 billion daily active…
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By Anna Cooban, CNN Business The German government has stepped in to bail out one of its biggest energy companies — the latest casualty of…
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By Laura He, CNN Business China’s banking regulator has pledged to boost lending to help developers finish stalled property projects and boost…
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By Chiara Grimes, CNN Business Mattel, Inc. announced Wednesday that it has entered into a multi-year, worldwide agreement with SpaceX to create a…
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By Nicole Goodkind, CNN Business Between 2020 and 2022, stocks shot toward the moon. This year, they’ve been jettisoned back to Earth. The…
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By Danielle Wiener-Bronner, CNN Business Domino’s is still struggling with delivery. “The delivery business continued to be more…
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By Paul R. La Monica, CNN Business Bitcoin prices were cooling off Thursday following a big spike in the past week. And it appears Elon Musk might be…
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By Julia Horowitz, CNN Business The European Central Bank is about to raise interest rates for the first time in 11 years as it attempts to put a lid…
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By Chris Isidore, CNN Business Part-time work has become a lot less popular, both with job seekers and employers. The number of workers who are…
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By Frank Pallotta, CNN Business Netflix lost roughly a million customers last quarter — the most in the company’s 25-year history. But it…
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By Chris Isidore, CNN Business American and United airlines both reported their first operating profit since the start of the pandemic, as strong…
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By Anna Bahney, CNN Business Mortgage rates ticked higher for the second week in a row as more economic indicators flashed warning signs of an…
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By Julia Horowitz, CNN Business Europe’s economy, which accounts for almost a fifth of the world’s output, is facing its toughest test…
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By Anna Cooban and Julia Horowitz, CNN Business Europe’s economy grew unexpectedly in the second quarter of this year, allaying concerns —…
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By Julia Horowitz, CNN Business In a bold attempt to get inflation under control, the European Central Bank on Thursday announced it would hike its…
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Workers aren’t settling for part-time work nearly as often as they used to. The number of workers employed in part-time jobs because they…
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By Anna Bahney, CNN Business Rents hit another record high in June, putting more pressure on renters. But with the costs associated with buying a…
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By Yong Xiong, Larry Register and Laura He, CNN Business China’s cyberspace regulator fined Didi Global just over 8 billion yuan ($1.2 billion)…
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By Anna Cooban, CNN Business The German government has stepped in to bail out one of its biggest energy companies — the latest casualty of…
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By Irene Nasser and Yong Xiong, CNN Business Gazprom has resumed gas shipments through the Nord Stream 1 pipeline, a vital artery linking…
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By Esha Mitra and Rhea Mogul, CNN Muslim journalist Mohammed Zubair has been freed from jail on the order of India’s Supreme Court after he was…
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By Jeanne Sahadi, CNN Business There really was no place for 401(k) investors to hide in the first half of this year. Even though their portfolios…
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By Matt McFarland, CNN Business The US Postal Service said Wednesday that at least 40% of its new delivery vehicles will be electric, up from the 10%…
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By Chris Isidore, CNN Business Lockdowns caused by the Covid surge in China caused sales and profits to fall at Tesla compared to the first three…
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By Jennifer Korn, CNN Business Alaska Airlines is rolling out electronic bag tags in an effort to speed up the airport check-in process for…
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By Jennifer Korn, CNN Business Alaska Airlines is rolling out electronic bag tags in an effort to speed up the airport check-in process for…
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By Paul R. La Monica, CNN Business The CEO of one of America’s largest banks is worried inflation will remain problematic for a while longer…
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By Paul R. La Monica, CNN Business The CEO of one of America’s largest banks is worried inflation will remain problematic for a while longer…
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By Anna Bahney, CNN Business Home prices hit a new all-time high in June, even as home sales declined for the fifth straight month as a lack of…
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By Julia Horowitz, CNN Business It wasn’t long ago that Wall Street would have bristled at such grim news out of Netflix: Between April and…
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By Julia Horowitz, CNN Business Europe’s economy, which accounts for almost a fifth of the world’s output, is facing its toughest test…
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Opinion by Mark Zandi for CNN Business Perspectives The stock market is having a rough go. Since hitting an all-time high on the first trading day of…
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By Parija Kavilanz, CNN Business For one group of workers, the baby formula shortage is a multi-pronged crisis that threatens not only the well-being…
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By Michelle Toh, CNN Business Macao’s casinos have been bleeding hundreds of millions of dollars a month during the pandemic. Now a prolonged…
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By Peter Valdes-Dapena, CNN Business General Motors and Lockheed Martin are working together on a new Lunar Rover. but it needs tires. So, Goodyear…
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By Nicole Goodkind, CNN Business Investors searching for safe havens during the worst inflation in more than 40 years are out of luck. As markets…
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By Michelle Toh, CNN Business A new show about a young female attorney has become another South Korean hit on Netflix, giving investors hope that the…
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By Anna Cooban, CNN Business The European Union has unveiled its emergency gas rationing plan — a day before it fears Russia could drastically cut…
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By Danielle Wiener-Bronner and Chris Isidore, CNN Business Chipotle permanently closed a restaurant in Augusta, Maine that filed to form a union last…
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By Paul R. La Monica, CNN Business It has been an absolutely brutal year for investors in bitcoin and other cryptocurrencies. Bitcoin has lost more…
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By Frank Pallotta, CNN Business Netflix reported Tuesday that it lost 970,000 subscribers in the second quarter of 2022 — a number far lower than…
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By Frank Pallotta, CNN Business Netflix lost roughly a million customers last quarter — the most in the company’s 25-year history. But it…
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