Mortgage rates rise to 5.5% as volatility continues
By Anna Bahney, CNN Business Mortgage rates are on the rise again after a dramatic drop last week. The 30-year fixed-rate mortgage averaged 5.51% in…
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Tesla’s head of AI, an ardent supporter of ‘full self driving,’ has exited the company
By Matt McFarland, CNN Business Andrej Karpathy, Tesla’s director of artificial intelligence, announced Wednesday he’s leaving the…
Continue Reading What recession? America’s banks reveal few signs of trouble
By Julia Horowitz, CNN Business If a recession were to arrive in the United States, there would normally be evidence of pain at America’s…
Continue Reading Pepsi is making big money on smaller portions
By Danielle Wiener-Bronner, CNN Business The biggest trend in snacking is something small: Chip bags and sodas are going mini. PepsiCo is seeing…
Continue Reading Chinese homebuyers refuse to pay mortgages on unfinished apartments
By Laura He, CNN Business China’s real estate crisis is escalating, raising concerns about growing risks in the banking system. Desperate…
Continue Reading Emirates slams Heathrow ‘incompetence’ over summer ‘airmageddon’
By Anna Cooban and Livvy Doherty, CNN Business Emirates airline has blasted one of the world’s busiest airports for its…
Continue Reading US journalists targeted by foreign hackers who show sophisticated understanding of American politics
By Sean Lyngaas, CNN In the days before the January 6, 2021, insurrection, Chinese hackers sent out a flurry of malicious emails to prominent White…
Continue Reading Average rent in Manhattan jumps to a record $5,000 a month
By Anna Bahney, CNN Business Rent continued to skyrocket to new record highs in Manhattan last month. The median monthly rent paid by a tenant for a…
Continue Reading Bill Gates funnels $20 billion to foundation and plans to drop off list of wealthiest people
By Allison Morrow, CNN Business Bill Gates is moving $20 billion of his wealth into the endowment of the Bill and Melinda Gates Foundation, which is…
Continue Reading Why requiring workers to spend more days in the office could backfire
By Jeanne Sahadi, CNN Business Before the pandemic, many corporate leaders believed that allowing their employees to work from home would hurt…
Continue Reading Champagne bottle sells for record $2.5 million
By Alexandra Peers, CNN Business A bottle of Champagne has sold for $2.5 million, eclipsing the auction record for bubbly and likely becoming the…
Continue Reading Netflix with ads is coming
By Frank Pallotta, CNN Business You’ll soon be able to sign up for a cheaper version of Netflix with ads — though that option is still in its…
Continue Reading Americans are feeling slightly better about the economy, but inflation still bites
By Alicia Wallace, CNN Business Americans are feeling slightly better about the economy, but painfully high inflation is still keeping consumer…
Continue Reading Here’s what’s getting more expensive at the grocery store
By Danielle Wiener-Bronner, CNN Business Food prices are still on the rise, but some relief may be on the horizon. In the 12-months ending in June,…
Continue Reading What the heck happened to the Gap?
By Nathaniel Meyersohn, CNN Business In 1969, real estate investor Don Fisher opened a store in San Francisco aimed at teens and college kids,…
Continue Reading US inflation hit 40-year high in June, driven by record gas prices
By Lucy Bayly and Alicia Wallace, CNN Business Inflation surged to a new pandemic-era peak in June, with US consumer prices jumping by 9.1%…
Continue Reading Opinion: The Supreme Court’s EPA decision is a wake-up call. Congress must act now
Opinion by Suzanne DiBianca for CNN Business Perspectives The US Supreme Court’s ruling limiting the EPA’s authority to regulate…
Continue Reading 3 reasons not to panic about decades-high inflation
By Julia Horowitz, CNN Business When the latest data on consumer prices in the United States landed Wednesday, the headline number was ugly.…
Continue Reading Delta earnings fall far short of expectations because of high fuel costs and service problems
By Chris Isidore, CNN Business A bad quarter for Delta Air Lines passengers turned into a bad quarter for Delta investors, as the costs of service…
Continue Reading Heat wave threatens power shortages and higher pork prices in China
By Laura He, CNN Business A scorching heat wave in China has forced a major manufacturing region to appeal to businesses and households to use less…
Continue Reading Traveling reaches peak suck just as everyone is trying to get out of town
By Allison Morrow, CNN Business Editor’s Note: This story is part of CNN Business’ Nightcap newsletter. To get it in your inbox, sign up…
Continue Reading Airlines forced to drop service at these US airports due to the pilot shortage
By Chris Isidore, CNN Business Flying in and out of the Dubuque, Iowa, airport on the banks of the Mississippi has been a breeze for the 100,000…
Continue Reading Bill Ackman will repay investors $4 billion after his SPAC fails
By Nicole Goodkind, CNN Business Billionaire activist investor Bill Ackman will close his special purpose acquisition company and return $4 billion…
Continue Reading Dave Chappelle’s controversial Netflix special nabs Emmy nominations
By Frank Pallotta, CNN Business Dave Chappelle‘s Netflix comedy special, “The Closer,” received huge backlash last year for the…
Continue Reading The Jeep Wrangler plug-in hybrid just outsold all of Toyota’s plug-ins combined
by Peter Valdes-Dapena, CNN Business It might surprise you to learn that the best-selling plug-in hybrid vehicle in America is, of all things, a Jeep…
Continue Reading Elon Musk’s politics trigger strong reactions from Tesla customers
By Matt McFarland, CNN Business Jason Simon placed an order for a Tesla Model 3 this April, eager to own an electric vehicle. He heard from Tesla in…
Continue Reading The euro and the US dollar are at parity for the first time in 20 years
By Nicole Goodkind, CNN Business For the first time in 20 years, the exchange rate between the euro and the US dollar has reached parity —…
Continue Reading Peloton will stop making its own bikes
By Jordan Valinsky, CNN Business Peloton will stop making its own bikes and treadmills, a drastic change for the struggling company aimed at cutting…
Continue Reading How a Chinese metal tycoon imploded the nickel market — and walked away with billions
By Nicole Goodkind, CNN Business Most investors don’t lose an $11 billion bet and walk away unscathed, but a Chinese metal tycoon known as…
Continue Reading Boeing delivers a 737 Max to one of the airlines that suffered a fatal crash of the plane
By Chris Isidore, CNN Business Ethiopian Airlines took delivery of a 737 Max from Boeing in June, the aircraft maker disclosed Tuesday. It’s…
Continue Reading Delta earnings fall far short of expectations because of high fuel costs and service problems
By Chris Isidore, CNN Business A bad quarter for Delta Air Lines passengers turned into a bad quarter for Delta investors, as the costs of service…
Continue Reading Matthew Berry, ESPN’s fantasy guru, is leaving the network
By Frank Pallotta, CNN Business Matthew Berry, ESPN’s longtime fantasy sports guru, is leaving the network, Berry and ESPN announced Monday.…
Continue Reading Why King Dollar’s huge rally isn’t reason to cheer
By Julia Horowitz, CNN Business The US dollar is rising at a blistering clip, reaching its strongest level against other major currencies in almost…
Continue Reading Heathrow asks airlines to stop selling summer tickets as it limits daily passengers to 100,000
By Livvy Doherty, CNN Business Heathrow Airport is asking airlines to stop selling any more tickets for travel this summer, as it announces a cap on…
Continue Reading China tries to stem growing anger over frozen bank deposits
By Laura He, CNN Business Chinese authorities will start refunding bank customers whose accounts have been frozen for months, following some of the…
Continue Reading The euro and the US dollar are at parity for the first time in 20 years
By Nicole Goodkind, CNN Business For the first time in 20 years, the exchange rate between the euro and the US dollar has reached parity —…
Continue Reading First on CNN: BTS is coming to Disney in a major streaming deal
By Michelle Toh, CNN Business Disney is bringing BTS to its streaming services, adding the world’s biggest band to its roster of digital stars.…
Continue Reading Consumers’ inflation expectations hit record high
By Lucy Bayly, CNN Business Consumer expectations for prices to continue rising over the next year increased to the highest level on record,…
Continue Reading A crucial Russian gas pipeline has been shut for repairs. Will it ever reopen?
By Julia Horowitz, CNN Business Since the West hit Russia with bruising sanctions following its invasion of Ukraine, a frightening question has…
Continue Reading How to get free fries at McDonald’s and Wendy’s this week
By Jordan Valinsky, CNN Business McDonald’s and Wendy’s are both giving away free fries this week. On Wednesday, in celebration of the…
Continue Reading The euro and the dollar are under half a penny away from parity for the first time in 20 years
By Nicole Goodkind, CNN Business For the first time in 20 years, the exchange rate between the euro and the US dollar is nearly the same — the…
Continue Reading ‘Thor: Love and Thunder’ nabs a mighty box office opening for Marvel
By Frank Pallotta, CNN Business The God of Thunder still has some pop. “Thor: Love and Thunder,” the latest film in the Marvel Cinematic…
Continue Reading Nobody likes self-checkout. Here’s why it’s everywhere
By Nathaniel Meyersohn, CNN Business “Unexpected item in the bagging area.” “Please place item in the bag.” “Please…
Continue Reading US ports saw record imports this spring, as port workers’ contract expires
by Vanessa Yurkevich, CNN Another record breaking number of imports passed through the US’s major container ports this spring — showing…
Continue Reading Opinion: The US can still avoid a recession. Here’s how
Opinion by Joseph H. Davis for CNN Business Perspectives The United States economy is in jeopardy. Higher prices for essentials like food and energy…
Continue Reading Opinion: The US can still avoid a recession. Here’s how
Opinion by Joseph H. Davis for CNN Business Perspectives The United States economy is in jeopardy. Higher prices for essentials like food and energy…
Continue Reading This is what doomed Elon Musk’s Twitter deal
By Julia Horowitz, CNN Business When Elon Musk announced his intention to buy Twitter almost 90 days ago, the world — and financial markets —…
Continue Reading Covid fears and new tech crackdown hit Chinese stocks and Macao casinos
By Laura He, CNN Business Chinese stocks fell on Monday as the threat of new Covid restrictions and a renewed regulatory offensive against big tech…
Continue Reading China crushes mass protest by bank depositors demanding their life savings back
By Nectar Gan, CNN Chinese authorities on Sunday violently dispersed a peaceful protest by hundreds of depositors, who sought in vain to demand their…
Continue Reading Elon Musk’s politics trigger strong reactions from Tesla customers
By Matt McFarland, CNN Business Jason Simon placed an order for a Tesla Model 3 this April, eager to own an electric vehicle. He heard from Tesla in…
Continue Reading What’s next for Twitter now that Elon Musk wants out?
By Ramishah Maruf, CNN After announcing he wants out of his deal to buy Twitter, Elon Musk spent the weekend in Idaho at the Sun Valley Conference.…
Continue Reading WWE’s Vince McMahon paid $12 million in hush money to multiple women, report says
By Frank Pallotta, CNN Business Former WWE chief executive Vince McMahon paid more than $12 million to four women to cover up “allegations of…
Continue Reading Bank earnings could be ugly. Here’s what to look for
By Nicole Goodkind, CNN Business Earnings season is upon us once again! It’s just like the holiday season except instead of presents and sweets…
Continue Reading Why Campbell Soup hated, then embraced, Andy Warhol’s soup can paintings
by Alexandra Peers, CNN Business Sixty years ago today, the pop artist Andy Warhol unveiled a wall of 32 Campbell Soup can paintings at a Los Angeles…
Continue Reading Ford and VW-backed self-driving company shuts down DC operations
By Matt McFarland, CNN Business Argo AI, the self-driving company backed by Ford and Volkswagen, is shutting down its Washington, DC operation as…
Continue Reading You’re much more likely to buy an EV if you’ve ever had a ride in one
By Peter Valdes-Dapena, CNN Business The percentage of Americans who say they would “definitely buy” an electric vehicle has more than…
Continue Reading Why inflation isn’t always bad for the stock market
By Nicole Goodkind, CNN Business If you follow markets news, you’ve probably seen a few hundred headlines this year akin to: “Stocks…
Continue Reading WWE’s Vince McMahon paid $12 million in hush money to multiple women, report says
By Frank Pallotta, CNN Business Former WWE chief executive Vince McMahon paid more than $12 million to four women to cover up “allegations of…
Continue Reading US will plunge into recession — but it didn’t have to, former IMF chief economist says
It’s “almost impossible” for the Fed to tamp down inflation without tipping the US economy into a recession, says Former IMF Chief Economist Ken…
Continue Reading ‘Thor: Love and Thunder’ nabs a mighty box office opening for Marvel
By Frank Pallotta, CNN Business The God of Thunder still has some pop. “Thor: Love and Thunder,” the latest film in the Marvel Cinematic…
Continue Reading ‘Thor: Love and Thunder’ hopes to jolt a rebounding theater industry
By Frank Pallotta, CNN Business Two years ago, movie theaters were suffering through the pandemic and many in Hollywood wondered if going to the…
Continue Reading Germany’s biggest landlord turns down the heat as Russian gas shortage bites
By Michelle Toh, CNN Business Germany’s biggest landlord will turn down the heat for hundreds of thousands of residents in the coming months as…
Continue Reading The economy added 372,000 jobs in June, outpacing expectations
By Alicia Wallace, CNN Business The US economy added 372,000 jobs in June, an unexpected boost in hiring and a signal that the labor market…
Continue Reading US will plunge into recession — but it didn’t have to, former IMF chief economist says
By Christine Romans, CNN Business It’s “almost impossible” for the Fed to tamp down inflation without tipping the US economy into a…
Continue Reading GameStop fires its CFO and looks to cut staff
By Chris Isidore, CNN Business GameStop has fired its chief financial officer and is preparing to make cuts to its staff. Shares of the…
Continue Reading Why Costco’s $1.50 hot dog combo and 99-cent Arizona iced tea still cost the same
By Nathaniel Meyersohn, CNN Business The highest rate of inflation in decades has forced businesses to raise prices on food and other products once…
Continue Reading The economy added 372,000 jobs in June, outpacing expectations
By Alicia Wallace, CNN Business The US economy added 372,000 jobs in June, an unexpected boost in hiring and a signal that the labor market…
Continue Reading China says India risks scaring away investors with raids on its companies
By Diksha Madhok, CNN Business India risks damaging its reputation among foreign investors with its “frequent investigations” into…
Continue Reading Prince Harry wins early victory in libel lawsuit against UK’s Mail on Sunday tabloid
By Lauren Said-Moorhouse and Lauren Kent, CNN Business Parts of a tabloid article alleging that Prince Harry tried to keep a legal challenge against…
Continue Reading Black and Hispanic Americans are getting hit harder by inflation. Here’s why
By Tami Luhby, CNN Many Americans are struggling to cope with higher prices for food, gas, housing and other essentials. But inflation has taken an…
Continue Reading Pringles wants a spider named after it
By Jordan Valinsky, CNN Business Pringles and spiders are probably two things you don’t associate with each other — until now. The…
Continue Reading Opinion: 4 ways governments can encourage businesses to meaningfully lower their carbon emissions
Opinion by Henry Fernandez for CNN Business Perspectives If the world hopes to limit the increase in global temperatures to 1.5 degrees Celsius —…
Continue Reading American Airlines is tripling pilots’ pay after a scheduling glitch left thousands of flights without pilots
By Chris Isidore, CNN Business American Airlines has agreed to pay its pilots triple their normal rate after a computer scheduling glitch left…
Continue Reading Cotton’s plunge: Recession warning or just another market mess?
By Nicole Goodkind, CNN Business Cotton: it’s the touch, the feel, the fabric of our lives. It’s also in the middle of what economists…
Continue Reading Friday’s jobs report could be telling as recession worries mount
By Alicia Wallace, CNN Business Economic uncertainty and recession fears have yet to take the shine off a robust labor market, but investors and…
Continue Reading GameStop shares are about to get much cheaper
By Jordan Valinsky, CNN Business GameStop shares will soon lose three quarters of their value. But don’t worry: It’s good news for…
Continue Reading Mortgage rates see largest decline since 2008
By Anna Bahney, CNN Business Mortgage rates dropped for the second week in a row, notching the largest decline since December, 2008. The 30-year…
Continue Reading Boris Johnson leaves an economic mess for his successor to fix
By Mark Thompson, CNN Business Boris Johnson was ultimately forced to resign as UK prime minister Thursday as dozens of members of his party quit the…
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Boris Johnson leaves an economic mess for his successor to fix
By Mark Thompson, CNN Business Boris Johnson was ultimately forced to resign as UK prime minister Thursday as dozens of members of his party quit the…
Continue Reading Last Muslim lawmaker leaves India’s ruling party
By Rhea Mogul and Swati Gupta, CNN The last remaining Muslim lawmaker in India’s ruling Bharatiya Janata Party has resigned, leaving the party…
Continue Reading Tesla is beginning to recover in China with a sharp rebound in sales
By Laura He, CNN Business After a miserable couple of months in China, Tesla posted a sharp rebound in sales in June in its most important…
Continue Reading ‘Stranger Things’ is ending, but a spinoff is in the works
By Frank Pallotta, CNN Business “Stranger Things” is coming to an end, but its upside-down stories will live on. Both a live-action…
Continue Reading Child care centers can’t afford to stay open. Here’s what this means for families
By Gabe Cohen, CNN From city centers to rural communities, many US child care providers are raising the price of tuition to combat inflation, adding…
Continue Reading Child care centers can’t afford to stay open. Here’s what this means for families
By Gabe Cohen, CNN From city centers to rural communities, many US child care providers are raising the price of tuition to combat inflation, adding…
Continue Reading Red flag: Consumers are using Buy Now, Pay Later to cover everyday expenses
By Alicia Wallace, CNN Business Buy Now, Pay Later installment plans have become popular among consumers seeking to spread out the cost of big-ticket…
Continue Reading The US economy has a momentum problem
By Nicole Goodkind, CNN Business If you’re reading this it means you’ve made it through the worst first half of a year for US stocks in…
Continue Reading If you use your company’s abortion travel benefits, will your boss find out?
By Tami Luhby, CNN The corporate rush to cover employees’ abortion-related travel expenses following the Supreme Court’s decision to…
Continue Reading If you use your company’s abortion travel benefits, will your boss find out?
By Tami Luhby, CNN The corporate rush to cover employees’ abortion-related travel expenses following the Supreme Court’s decision to…
Continue Reading If you use your company’s abortion travel benefits, will your boss find out?
By Tami Luhby, CNN The corporate rush to cover employees’ abortion-related travel expenses following the Supreme Court’s decision to…
Continue Reading Elon Musk’s Boring Company will let you pay for a ride with Dogecoin
By Matt McFarland, CNN Business The Boring Company has launched a way for customers to pay for rides on Loop, its Las Vegas transit system, with the…
Continue Reading Opinion: The SEC alone can’t police billionaire CEOs like Elon Musk
Opinion by Charles K. Whitehead for CNN Business Perspectives In the startup world, pushing regulatory limits to promote a new business is often seen…
Continue Reading Rivian’s new SUV is great, but it’ll face tough competition
By Peter Valdes-Dapena, CNN Business Rivian, the Amazon-backed electric truck and van maker, already has an award winning pickup in production, the…
Continue Reading Ben & Jerry’s sues Unilever to block sale of Israeli business
By Michelle Toh, CNN Business Ben & Jerry’s is suing its parent company in an attempt to cancel the sale of its business in Israel to a…
Continue Reading Dow recovers from 700 point drop as investors look for signs of recession
By Nicole Goodkind, CNN Business US Stocks plummeted in early Tuesday trading as investors’ concerns of recession grew, but rebounded in the…
Continue Reading Subway is redesigning its menu
By Jordan Valinsky, CNN Business Subway is launching a new menu, and it’s the most extensive makeover in the company’s nearly 60-year…
Continue Reading How Activia went from stodgy digestive aid to trendy wellness brand
By Danielle Wiener-Bronner, CNN Business If you hear the word “Activia,” your first thought might be of Jamie Lee Curtis. You may also…
Continue Reading An FCC regulator wants TikTok removed from app stores. Here’s how a company executive responded
By Ramishah Maruf, CNN While TikTok’s short-form videos are entertaining, that’s “just the sheep’s clothing,” a Federal…
Continue Reading The surprising reason supermarkets sell flowers
By Allison Morrow, CNN Business All stores have marketing tactics to get you in the door — stylish mannequins, elaborate display windows, posters…
Continue Reading Oil drops below $100 a barrel for first time since early May
By Alicia Wallace and Chris Isidore, CNN For the first time in nearly two months, crude oil prices have fallen below $100 a barrel, reflecting…
Continue Reading 3 reasons not to panic about decades-high inflation
By Julia Horowitz, CNN Business When the latest data on consumer prices in the United States landed Wednesday, the headline number was ugly.…
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