The number of available jobs in the US fell in October
By Alicia Wallace, CNN Business The number of job openings in the United States dropped in October, but the labor market still remains historically…
Continue ReadingBy Alicia Wallace, CNN Business The number of job openings in the United States dropped in October, but the labor market still remains historically…
Continue ReadingBy Julia Horowitz, CNN Business For the first time in 17 months, inflation in Europe is easing. Consumer prices rose by 10% in the year to November,…
Continue ReadingBy Nicole Goodkind, CNN Business American shoppers just keep on spending, lending vital support to the economy. The question is: How long will it…
Continue ReadingBy Nathaniel Meyersohn, CNN Business When Christine Martinez found out last month that Kroger and Albertsons planned to merge in a deal worth nearly…
Continue ReadingBy Anna Bahney, CNN Business Mortgage giants Fannie Mae and Freddie Mac will raise the limits of government-backed loans to a record level for 2023,…
Continue ReadingBy Nathaniel Meyersohn, CNN Business Americans dished out for toys, televisions and clothing on Black Friday and into the holiday weekend, despite…
Continue ReadingBy Alicia Wallace, CNN Business US consumer confidence fell in November as inflation and economic uncertainty continued to loom large and potentially…
Continue ReadingBy Jordan Valinsky, CNN Business Online Black Friday sales in the United States topped a record-breaking $9.12 billion this year, according to Adobe…
Continue ReadingBy Jennifer Deaton, CNN Business Edward Lawrence, a journalist at the BBC, was arrested by police in Shanghai at the scene of protests on Sunday…
Continue ReadingBy Nathaniel Meyersohn, CNN Business Holiday shopping isn’t what it used to be. But many Americans are still expected to spend on Black Friday,…
Continue ReadingBy Anna Bahney, CNN Business Mortgage rates dropped again this week, after plunging nearly half a percentage point last week. The 30-year fixed-rate…
Continue ReadingStacker analyzed data from Redfin to see which metros had the most homes sold under the asking…
Continue ReadingStacker analyzed data from Redfin to see which metros had the most homes sold over asking…
Continue ReadingBy Hanna Ziady, CNN Business Last year, Auckland’s largest real estate company couldn’t sell properties quickly enough to meet demand in…
Continue ReadingBy Alicia Wallace, CNN Business When Teri Byrd opened her 4 Paws Veterinary Clinic in Vashon, Washington, four years ago, her sights were set on…
Continue ReadingBy Julia Horowitz, CNN Business The story of financial markets and the global economy this year has been written in part by the dramatic rise of the…
Continue ReadingBy Hanna Ziady, CNN Business Global growth will slow further in the coming year but the world will likely avoid a recession thanks to Asia’s…
Continue ReadingBy Nicole Goodkind, CNN Business Investors appear to have traded in their fleece vests for crystal balls — everyone on Wall Street seems to have a…
Continue ReadingBy Chris Isidore and Vanessa Yurkevich, CNN Business America faces a growing risk of a crippling national freight rail strike in two weeks. The…
Continue ReadingBy Paul R. La Monica, CNN Business Americans are getting ready to celebrate Thanksgiving. But investors in the United States (and the rest of the…
Continue ReadingBy Nicole Goodkind, CNN Business Investors sleuthing for clues about what the Federal Reserve will decide during its December policy meeting got…
Continue ReadingBy Anna Bahney, CNN Business Home sales in the United States declined for the ninth month in a row in October as surging mortgage rates and high…
Continue ReadingBy Alicia Wallace, CNN Business Thanks to inflation, your “True Love” will have to spend a pretty (expensive) penny when showering you…
Continue ReadingBy Anna Bahney, CNN Business Mortgage rates dropped sharply last week following a series of economic reports that indicated inflation may finally be…
Continue ReadingBy Paul R. La Monica, CNN Business Wall Street cares only about one thing right now…and it’s not earnings, the state of the job market,…
Continue ReadingBy Anna Cooban and Diksha Madhok, CNN Business Indian billionaire Gautam Adani’s business empire is planning to raise nearly $2.5 billion in a…
Continue ReadingBy Alison Kosik, CNN Business White collar workers would be hit harder than blue collar workers if the United States enters a recession soon,…
Continue ReadingBy Alicia Wallace, CNN Business American shoppers spent more in October, showing continued resilience amid persistently high inflation and an early…
Continue ReadingBy Hanna Ziady, CNN Business Soaring energy costs drove UK inflation to a fresh high in October, the latest piece of bad news for an economy sliding…
Continue ReadingBy Nicole Goodkind, CNN Business Ferragamo belt-buckles are being tightened across Wall Street as bankers prepare for a gloomy bonus season. Year-end…
Continue ReadingBy Nicole Goodkind, CNN Business The crypto industry is still reeling from last week’s shocking death spiral of digital currency exchange FTX.…
Continue ReadingBy Paul R. La Monica, CNN Business Stocks ended the day higher Tuesday after the US government reported that wholesale prices rose at a far less…
Continue ReadingBy Anna Bahney, CNN Business There is no sugarcoating it: This is a terrible time to buy a home. Mortgage rates for a 30-year fixed rate loan are now…
Continue ReadingBy Paul R. La Monica, CNN Business It has been a tough year for American consumers. Inflation everywhere. Rapidly rising interest rates. A housing…
Continue ReadingConsumers were feeling slightly worse about the US economy in November, amid punishing rate hikes and decades-high inflation, according to a closely…
Continue ReadingBy Hanna Ziady, CNN Business The UK economy shrank in the third quarter, signaling the start of a recession that is likely to hit Europe next. UK GDP…
Continue ReadingBy Alicia Wallace, CNN Business The US government recorded a monthly budget deficit of $88 billion in October, the Treasury Department reported…
Continue ReadingBy Anna Bahney, CNN Business Mortgage rates have jumped back above 7%, after dropping last week. The 30-year fixed-rate mortgage averaged 7.08% in…
Continue ReadingBy Alicia Wallace, CNN Business Americans and the Federal Reserve got some welcome news Thursday on inflation. The Consumer Price Index rose 7.7% for…
Continue ReadingBy Jennifer Korn, CNN Business The near collapse this week of FTX, one of the largest cryptocurrency exchanges, has sent shockwaves throughout the…
Continue ReadingBy Paul R. La Monica, CNN Business Wall Street was betting on a red wave in the midterm elections Tuesday. But it appears that didn’t happen.…
Continue ReadingBy Catherine Thorbecke, CNN Business Facebook parent company Meta on Wednesday said it is laying off 11,000 employees, marking the most significant…
Continue ReadingBy Julia Horowitz, CNN Business A woman maneuvers her car onto a street called “Wits’ End.” The sky is an ominous red, and strange…
Continue ReadingBy Alicia Wallace, CNN Business American consumers borrowed another $25 billion in September, according to newly released Federal Reserve data, as…
Continue ReadingBy Nicole Goodkind, CNN Business What will the Federal Reserve do at its meeting in December? Analysts can speculate all they want, but Fed officials…
Continue ReadingBy Matt Egan, CNN Business While investors, business leaders and some economic models continue to warn a recession is imminent, Wall Street’s…
Continue ReadingBy Catherine Thorbecke, CNN Business Lyft on Thursday said it will lay off 13% of its staff, or nearly 700 employees, as it rethinks staffing amid…
Continue ReadingBy Anna Bahney, CNN Business Mortgage rates fell this week after surpassing 7% for the first time in 20 years last week. The 30-year fixed-rate…
Continue ReadingBy 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 ReadingBy 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 ReadingBy Parija Kavilanz, CNN Business There’s at least one item in the grocery store that is getting less expensive: avocados. A significant supply…
Continue ReadingBy 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 ReadingBy 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 ReadingBy Matt Egan, CNN Business While investors, business leaders and some economic models continue to warn a recession is imminent, Wall Street’s…
Continue ReadingBy 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 ReadingBy Alicia Wallace, CNN Business The number of available jobs in the United States increased in September, surprising economists who had expected the…
Continue ReadingBy 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 ReadingBy 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 ReadingBy Nicole Goodkind, CNN Business When will central banks stop raising interest rates? That’s the multi-trillion dollar question that has Wall…
Continue ReadingBy Julia Horowitz, CNN Business European inflation has accelerated to a new record high as energy and food prices in the region continue to…
Continue ReadingBy 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 ReadingBy Alicia Wallace, CNN Business A new batch of inflation data released Friday showed that while prices remained uncomfortably high in September, a…
Continue ReadingBy 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 ReadingBy 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 ReadingBy Danielle Wiener-Bronner, CNN Business Inflation is relentlessly high and food prices in particular are soaring. In this environment, customers are…
Continue ReadingBy Catherine Thorbecke, CNN Business Amazon stock fell some 14% in after-hours trading Thursday after the company forecast its holiday quarter sales…
Continue ReadingBy 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 ReadingBy 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 ReadingBy Anna Bahney, CNN Business New home sales fell in September amid rising mortgage rates that have pushed some buyers away from the housing market.…
Continue ReadingBy Nicole Goodkind, CNN Business Imminent recession is the topic du jour. From Goldman Sachs to the IMF, analysts and economists seem to agree that…
Continue ReadingBy Paul R. La Monica, CNN Business Consumers may be worried about inflation and rising interest rates. But don’t tell that to Wall Street.…
Continue ReadingBy Clare Duffy, CNN Business Google may be the giant in the digital advertising world, but even it is not immune to the impact that the economic…
Continue ReadingBy Catherine Thorbecke, CNN Business Microsoft posted a double-digit profit decline in the three-month period ending in September as the company…
Continue ReadingBy Anna Bahney, CNN Business After more than doubling this year, mortgage rates are expected to retreat in 2023, according to an updated forecast…
Continue ReadingBy Hanna Ziady, CNN Business Some of the top names on Wall Street think a US recession is now likely, if not inevitable. But they have bigger worries…
Continue ReadingBy Anna Bahney, CNN Business US home prices continued to gain ground in August, but the pace of growth slowed considerably as rising mortgage rates…
Continue ReadingBy Alicia Wallace, CNN Business US consumer confidence fell in October to the lowest level since July as high borrowing costs and soaring inflation…
Continue ReadingBy Paul R. La Monica, CNN Business October may be famous for historically horrifying stock market crashes like the ones in 1929, 1987 and 2008. But…
Continue ReadingBy Christine Romans, CNN Kraft Heinz CEO Miguel Patricio says higher inflation and supply issues are coursing through the food industry, forcing…
Continue ReadingBy Paul R. La Monica, CNN Business The housing market is rapidly losing steam. Interest rates continue to rise. The stock market remains volatile.…
Continue ReadingBy Alicia Wallace, CNN Business Almost two-thirds of corporate economists believe the United States is already in a recession or will be within the…
Continue ReadingBy Anna Bahney The US housing market is in the midst of a major shift. After two years of stratospheric price appreciation, home prices have peaked…
Continue ReadingBy Jeanne Sahadi, CNN Business There’s really nothing nice to say about inflation when it comes to your bottom line. It’s hard on your…
Continue ReadingBy Paul R. La Monica, CNN Business A disastrous earnings report from Snap and less than inspiring results from Dow components American Express and…
Continue ReadingBy Nicole Goodkind, CNN Business It’s been a tumultuous year for retail traders — people who buy shares of individual companies or indexes on…
Continue ReadingBy Catherine Thorbecke, CNN Business Snap’s bad year continues. Snap on Thursday reported revenue of $1.13 billion for the three months ending…
Continue ReadingBy Anna Bahney, CNN Business Mortgage rates rose again this week, stopping just short of the 7% mark. The 30-year fixed-rate mortgage averaged 6.94%…
Continue ReadingBy 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 ReadingBy Julia Horowitz, CNN Business Twelve days from now, the Federal Reserve will meet again, and expectations for the central bank’s next moves…
Continue ReadingBy Anna Bahney, CNN Business Home sales in the US declined for the eighth month in a row in September as surging mortgage rates and high prices…
Continue ReadingBy Matt Egan and Phil Mattingly, CNN Presidents don’t have magic wands to make inflation disappear. But they do have a powerful tool that can…
Continue ReadingBy Hanna Ziady, CNN Business Rising food and energy costs drove UK inflation back to a 40-year high in September, but it could be nearing a peak as…
Continue ReadingBy Paul R. La Monica, CNN Business October may be famous for historically horrifying stock market crashes like the ones in 1929, 1987 and 2008. But…
Continue ReadingBy Anna Bahney, CNN Home building pulled back in September, as buyers faced spiking mortgage rates that have made homes increasingly unaffordable.…
Continue ReadingBy Paul R. La Monica, CNN Business The strong dollar has been a headwind for blue chip US companies in the Dow and S&P 500 this year.…
Continue ReadingBy Paul R. La Monica, CNN Business Stocks rallied sharply Monday, thanks to more strong earnings from big banks and a sigh of relief about new plans…
Continue ReadingBy Anna Bahney, CNN After taking a breather last week, mortgage rates rose again — moving even closer to 7%. The 30-year fixed-rate mortgage…
Continue ReadingBy Hanna Ziady, CNN Business Western governments are furious after OPEC+ decided last week to slash oil production by the largest amount since the…
Continue ReadingBy Alicia Wallace, CNN Business A key inflation report showed consumer prices came in hotter than expected in September, punishing Americans and…
Continue ReadingBy Tami Luhby, CNN Social Security recipients will receive an annual cost-of-living adjustment of 8.7% next year, the largest increase since 1981,…
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