Mortgage rates hit highest level since 2009
Mortgage rates rose this week, continuing an upward trend that has pushed rates more than two percentage points higher this…
Continue ReadingMoney
Dow plunges more than 1,000 points in Wall Street’s worst day of the year
By Nicole Goodkind, CNN Business So much for the good feelings on Wall Street. US markets fell sharply Thursday, marking their worst day of the year…
Continue Reading SpaceX’s jam-packed schedule continues with another astronaut return
By Jackie Wattles, CNN Business Three NASA astronauts and a European astronaut are returning home from the International Space Station, capping off…
Continue Reading Bill Gates doubts Musk’s Twitter buy, says draft SCOTUS decision overturning Roe is ‘pretty disappointing’
By Brian Fung, CNN Bill Gates sounded a note of caution this week on Elon Musk’s $44 billion acquisition of Twitter, saying the Tesla CEO…
Continue Reading The Fed could have trouble avoiding a double-dip recession
By Paul R. La Monica, CNN Business The Federal Reserve finally seems prepared to whip inflation. The last time the Fed faced surging prices like…
Continue Reading Wall Street is fed up with Under Armour, Nike and Adidas
By Nathaniel Meyersohn, CNN Business Tripped-up supply chains and a coronavirus surge in China are causing headaches for top athletic brands. Under…
Continue Reading Search histories, location data, text messages: How personal data could be used to enforce anti-abortion laws
By Jennifer Korn and Clare Duffy, CNN Business Update: This story was originally published on May 6. It has been updated to reflect the Supreme…
Continue Reading Search histories, location data, text messages: How personal data could be used to enforce anti-abortion laws
By Jennifer Korn and Clare Duffy, CNN Business A wave of new legislation taking aim at abortion rights across the country is raising concerns about…
Continue Reading US worker productivity fell at the fastest rate in nearly 75 years
By Alicia Wallace, CNN Business US labor productivity tumbled by 7.5% in the first quarter of 2022 — the largest decline in worker output per…
Continue Reading Mortgage rates hit highest level since 2009
By Anna Bahney, CNN Business Mortgage rates rose this week, continuing an upward trend that has pushed rates more than two percentage points higher…
Continue Reading Harassment is a problem in VR, and it’s likely to get worse
By Rachel Metz, CNN Business If you believe Mark Zuckerberg, the future is virtual. Last year, Meta plowed $10 billion into Facebook Reality Labs,…
Continue Reading Mortgage rates hit highest level since 2009
By Anna Bahney, CNN Business Mortgage rates rose this week, continuing an upward trend that has pushed rates more than two percentage points higher…
Continue Reading First on CNN: Biden administration launches plan to refill emergency oil reserve
By Matt Egan, CNN Business The Biden administration plans to seek bids this fall to buy 60 million barrels of crude oil as the first step in a…
Continue Reading How to take advantage of rising interest rates
By Jeanne Sahadi, CNN Business In a bid to curb high inflation, the US Federal Reserve on Wednesday increased its key short-term interest rate by…
Continue Reading Elon Musk probably got a huge tax break when he sold off Tesla shares
By Chris Isidore, CNN Business To buy Twitter, Elon Musk just sold a ton of stock and made a boatload of money on the sale. But because of a US tax…
Continue Reading America’s job growth is starting to slow
By Anneken Tappe, CNN Business The days of millions of job gains per month are behind us and the US labor market recovery has moved into a new phase,…
Continue Reading America’s job growth is starting to slow
By Anneken Tappe, CNN Business The days of millions of job gains per month are behind us and the US labor market recovery has moved into a new phase,…
Continue Reading A 13-year-old girl told the police she had been gang-raped. Then a police officer allegedly raped her
By Esha Mitra and Rhea Mogul, CNN A 13-year-old girl who was allegedly gang-raped by four men in India, was allegedly raped again by a police officer…
Continue Reading China’s economy is going backwards
By Laura He, CNN Business China’s gigantic services sector just contracted at the second sharpest pace on record as Covid lockdowns hit…
Continue Reading New York City pension funds sue Activision Blizzard, seeking records on CEO Bobby Kotick
By Brian Fung, CNN New York City pension fund officials sued Activision Blizzard late last month in a bid to force the company to disclose records…
Continue Reading What the Fed rate hike means for you
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…
Continue Reading A recession may be around the corner. Don’t panic
By Allison Morrow, CNN Business Around the world, warning signs of a recession are flashing. Wall Street is on edge. Central banks are hiking…
Continue Reading Elon Musk says fees for some users may be coming to Twitter
Catherine Thorbecke, CNN Business Elon Musk said Twitter might soon charge fees for certain users, as the billionaire continues to tease how he might…
Continue Reading Airbnb to crack down on parties during summer holidays
By Sara Ashley O’Brien, CNN Business Airbnb is once again trying to stop people from using its platform to host unauthorized parties ahead of…
Continue Reading Star Trek tries to steal May the 4th from Star Wars
By Frank Pallotta, CNN Business It’s May the 4th, a day for Star Wars nerds to geek out on Luke Skywalker, lightsabers and the Millennium…
Continue Reading
Inside the biggest wave of salary increases since 2008
Salaries are rising higher than at any time since 2008, but are the increases keeping with inflation? Kazoo compiled a list of facts and statistics…
Continue Reading
Richest women in America
From self-made businesswomen to heirs of wealthy American dynasties, these are the 50 richest women in America, compiled from Forbes data by Stacker.…
Continue Reading Stock market selloff is exactly what the Fed wants, former NY Fed chief says
By Matt Egan, CNN Business Turmoil on Wall Street is a feature, not a bug, of the Federal Reserve’s fight against inflation, according to…
Continue Reading Fed issues biggest rate hike in 22 years
By Anneken Tappe, CNN Business The Federal Reserve said Wednesday it is raising interest rates by a half-percentage point to get a handle on the…
Continue Reading Opinion: Europe should call Russia’s bluff on energy
Opinion by Paul Hockenos for CNN Business Perspectives Russia’s announcement last week that it was halting all gas deliveries to Poland and…
Continue Reading TurboTax to pay customers $141 million after allegedly steering them away from free services
By Jordan Valinsky, CNN Business Intuit, the owner of tax filing software TurboTax, has agreed to pay $141 million in a settlement with all 50 states…
Continue Reading Jamie Dimon: The Cold War is back and a recession is a real possibility
By Matt Egan, CNN Business JPMorgan Chase CEO Jamie Dimon said Wednesday that the Federal Reserve should have moved sooner to raise interest rates…
Continue Reading The Fed was late to inflation. Will it miss the next big risk?
By Julia Horowitz, CNN Business The Federal Reserve is finally getting aggressive in its bid to fight decades-high inflation. What’s happening:…
Continue Reading Warren Buffett-backed electric carmaker shrugs off China’s lockdowns
By Laura He, CNN Business BYD, the Warren Buffett-backed Chinese electric vehicle maker, had a bumper month in the world’s largest car market,…
Continue Reading China market analyst out after his social media accounts were frozen
By Laura He, CNN Business Hong Hao, a prominent market analyst in China, has left the state-owned bank he worked for just days after his social media…
Continue Reading EU proposes ban on Russian oil imports this year. Hungary says no
By Mark Thompson, CNN Business The European Union is proposing to ban all oil imports from Russia by the end of this year and remove the…
Continue Reading Didi is facing an SEC probe into its botched IPO, company says
By Laura He, CNN Business Didi says it is facing an investigation by US regulators into its botched IPO last year. The Chinese ride-hailing giant…
Continue Reading Airbnb’s business is booming — and rates are rising
By Sara Ashley O’Brien, CNN Business Airbnb reported more than 100 million bookings during the first quarter of this year, a record for the…
Continue Reading ABC News correspondent Jonathan Karl tests positive for Covid-19 after White House Correspondents Dinner
By Paul LeBlanc and Oliver Darcy, CNN ABC News’ Chief Washington Correspondent Jonathan Karl tested positive for Covid-19 Monday night, a…
Continue Reading Starbucks will raise wages again — but not for unionized workers
By Danielle Wiener-Bronner, CNN Business Starbucks interim CEO Howard Schultz has a message for workers interested in unionizing: If you do, you…
Continue Reading VP Harris to meet with Amazon Labor Union and other grassroots organizers
By Brian Fung and Sara O’Brien, CNN Business Vice President Kamala Harris and Labor Secretary Marty Walsh will meet with union leaders Thursday…
Continue Reading Rocket Lab will try helicopter catch again, but it may take months
By Jackie Wattles, CNN Business Rocket Lab this week made an ostentatious attempt to catch a rocket as it fell from space using a hook-wielding…
Continue Reading Conscious spending: The finance approach that’s both smart and fun
By Kristen Rogers, CNN When you think of money, do you feel like living in the moment and being responsible are mutually exclusive? Does guilt eat at…
Continue Reading These retirement bills let older workers put even more into their 401(k)s
By Jeanne Sahadi, CNN Business If a popular piece of retirement legislation makes it to President Biden’s desk this year, it would give older…
Continue Reading Elon Musk says he is ‘exactly aligned’ with Europe’s sweeping new rules for social media platforms
By Brian Fung, CNN Elon Musk appeared to endorse a key European law regulating social media on Monday when he appeared in a video with Thierry…
Continue Reading Watch what it’s like aboard a Blue Origin flight from takeoff to landing
By Jackie Wattles, CNN Business Two passengers that flew on one of Blue Origin’s supersonic flights to the edge of space have shared footage of…
Continue Reading Watch what it’s like aboard a Blue Origin flight from takeoff to landing
By Jackie Wattles, CNN Business Two passengers that flew on one of Blue Origin’s supersonic flights to the edge of space have shared footage of…
Continue Reading These companies will help staff in red states bypass abortion bans
By Allison Morrow, CNN Business Millions of women in more than 25 states face an abortion ban if the Supreme Court overturns Roe v. Wade, the…
Continue Reading Popeyes reveals a new twist on its chicken sandwich
By Danielle Wiener-Bronner, CNN Business Popeyes started the chicken sandwich wars in 2019 — and it’s adding a new entree to the battle. The…
Continue Reading Homes got even pricier and harder to afford in most US cities
By Anna Bahney, CNN Business Home prices rose by double-digit percentages in most major US cities at the beginning of this year. Of 185 metro areas…
Continue Reading SEC launches a hiring spree to fight cryptocurrency fraud
By Brian Fung, CNN Business The Securities and Exchange Commission is vastly expanding its fight against cryptocurrency fraud by hiring more than a…
Continue Reading A record 4.5 million Americans quit their jobs in March
By Anneken Tappe, CNN Business The US labor market remained on fire in March with a record 4.5 million workers quitting their jobs, new data from the…
Continue Reading Meta announces plans to slow hiring following challenging quarter
By Clare Duffy, CNN Business Meta said Thursday it is cutting back on hiring. The move is one of several shifts the Facebook parent company is making…
Continue Reading Brands should force Twitter to uphold content policies under Musk, advocacy groups say
By Brian Fung, CNN Some of the nation’s biggest brands including Coca-Cola, Disney and Kraft are facing calls to boycott Twitter if the…
Continue Reading Opinion: The GDP report isn’t as bad as it seems, but there are still economic risks ahead
Opinion by Erik Lundh and Dana Peterson for CNN Business Perspectives If you grimaced at the most recent US GDP report, you weren’t alone. At…
Continue Reading Wall Street needs a reason to buy stocks. Is this it?
By Julia Horowitz, CNN Business Stocks have been volatile in recent weeks, notching their worst start to the year since 1939. Between the war in…
Continue Reading Ulta Beauty apologizes for ‘very insensitive’ email about Kate Spade
By Jordan Valinsky, CNN Business Ulta Beauty is apologizing for sending a newsletter to customers with a subject line containing a “very…
Continue Reading ‘Very, very unlikely’ Fed can tame inflation without sparking recession, former NY Fed chief says
By Matt Egan, CNN Business The Federal Reserve helped rescue the economy from the worst pandemic in a century. That task may prove easy compared with…
Continue Reading Stock market selloff is exactly what the Fed wants, former NY Fed chief says
By Matt Egan, CNN Business Turmoil on Wall Street is a feature, not a bug, of the Federal Reserve’s fight against inflation, according to…
Continue Reading HSBC’s biggest shareholder reignites debate about breaking up the bank
By Michelle Toh, CNN Business HSBC has long prided itself on being the bank that connects East and West. Now it’s under pressure to rethink…
Continue Reading BP profit more than doubles on ‘exceptional’ oil trading
By Mark Thompson, CNN Business BP took a hit of more than $24 billion from ditching its business in Russia but reported a huge jump in profit for the…
Continue Reading Rocket Lab catches, then drops booster in helicopter capture attempt
By Jennifer Korn and Jackie Wattles, CNN Business Rocket Lab, which aims to launch satellites into space quickly and cheaply, said it just used a…
Continue Reading The stock market is afraid, but there are pockets of strength if you know where to look
By Paul R. La Monica, CNN Business Investors are very nervous about what’s next for America’s economy, with market fear gauges spiking.…
Continue Reading EU proposes ban on Russian oil imports this year. Hungary says no
By Mark Thompson, CNN Business The European Union is proposing to ban all oil imports from Russia by the end of this year and remove the…
Continue Reading The S&P is having its worst start to a year since 1939
By Paul R. La Monica, CNN Business The S&P 500 fell more than 13% between January and April of this year. That’s the worst four-month…
Continue Reading Amazon workers vote against New York union drive led by grassroots organization behind last month’s win
By Sara Ashley O’Brien, CNN Business The grassroots labor union that made history last month when it formed the first union at an Amazon…
Continue Reading These numbers are bad news if you’re trying to buy or refinance a house
By Paul R. La Monica, CNN Business Bad news for anyone trying to buy a house or refinance an existing loan: The yield on the benchmark 10-year US…
Continue Reading Germany will support an EU oil embargo on Russia
By Mark Thompson, CNN Business Germany is ready to support a European ban on imports of Russian oil, and won’t be “blackmailed” by…
Continue Reading Amazon ends its paid Covid-19 sick leave policy
By Catherine Thorbecke, CNN Business Amazon is ending its Covid-19 paid sick leave policy starting on Monday, the company said in a memo to employees…
Continue Reading Here’s how much more you’ll pay for summer camp this year. It’s not pretty
By Parija Kavilanz, CNN Business Prices are going up for everything from food and cars to gas and clothes. Now, families can add summer camps to that…
Continue Reading Germany will support an EU oil embargo on Russia
By Mark Thompson, CNN Business Germany is ready to support a European ban on imports of Russian oil, and won’t be “blackmailed” by…
Continue Reading China silences prominent market analyst as economic slump deepens
By Laura He, CNN Business Chinese social media have shut down the accounts of a prominent market analyst who drew attention in recent weeks to the…
Continue Reading Opinion: The Fed can’t afford to make the wrong moves again
Opinion by Desmond Lachman for CNN Business Perspectives Economist Milton Friedman famously taught us that monetary policy operates with long and…
Continue Reading Spirit rejects JetBlue’s offer, saying it wants less lucrative deal with Frontier
By Chris Isidore, CNN Business Spirit Airlines said it will stick with its deal with Frontier Airlines, rejecting a more lucrative competing offer…
Continue Reading Why the food crisis sparked by Russia’s war hasn’t hit Gulf states yet
By Nadeen Ebrahim, CNN When Russia’s invasion of Ukraine triggered an international food crisis, some Middle Eastern importers were hit…
Continue Reading Investing ethically won’t buy protection in this market
By Julia Horowitz, CNN Business As the economy began bouncing back from the coronavirus pandemic, interest in investment products that promoted good…
Continue Reading EU says Apple Pay restrictions may harm competitors
By Brian Fung, CNN Business The European Union is warning Apple about possible antitrust violations after an investigation into the iPhone…
Continue Reading America will recover all jobs lost during Covid by this summer, Fitch says
By Matt Egan, CNN Business The United States is rapidly approaching a major jobs milestone that highlights the historically strong economic recovery…
Continue Reading Xiaomi is the latest big Chinese company to face the heat in India
By Diksha Madhok, CNN Business India has seized more than $700 million from one of China’s biggest tech companies after accusing it of moving…
Continue Reading ‘It’s unimaginable:’ Committee to Protect Journalists president on press dangers
By Ramishah Maruf, CNN Reporting can be a risky profession, and in many parts of the world, it is becoming more dangerous than ever. This year to…
Continue Reading ‘It’s unimaginable:’ Committee to Protect Journalists president on press dangers
By Ramishah Maruf, CNN Reporting can be a risky profession, and in many parts of the world, it is becoming more dangerous than ever. This year to…
Continue Reading Buffett says Berkshire’s success is more about being ‘sane’ than ‘smart’
By Paul R. La Monica, CNN Business Warren Buffett’s Berkshire Hathaway has beaten the broader market so far this year. But the Oracle of Omaha…
Continue Reading Opinion: No one knew who James Corden was. Then he made ‘The Late Late Show’ a huge success
Opinion by Bill Carter for CNN Business Perspectives Every time a host leaves an established late-night show, the guessing game begins: Who will be…
Continue Reading Opinion: No one knew who James Corden was. Then he made ‘The Late Late Show’ a huge success
Opinion by Bill Carter for CNN Business Perspectives Every time a host leaves an established late-night show, the guessing game begins: Who will be…
Continue Reading Has inflation reached a peak? Three signs that prices could soon come down
By Nicole Goodkind, CNN Business Inflation is at a 40-year high, and Americans are feeling it. A gallon of gas costs about double what it cost in…
Continue Reading How Jay-Z inspired this Real Housewife’s new bourbon
By Jordan Valinsky, CNN Business For fans of “The Real Housewives of New York City,” Bluestone Manor was more than home — it was…
Continue Reading LongHorn Steakhouse honors employee who grilled 1 million steaks
By Zoe Sottile, CNN There’s a new grill master in town, just in time for grilling season. Gayle Dudley, a longterm employee at a LongHorn…
Continue Reading Up to a quarter million Ford Explorers recalled for rollaway risk
By Ramishah Maruf, CNN Up to a quarter million Ford Explorers are being recalled due to a mechanical problem that can cause the SUV to roll away…
Continue Reading Tropicana wants you to pour orange juice on cereal
By Yenny Sanchez, CNN Looking for a juicy alternative to oat bran and milk? Tropicana is introducing a new cereal that’s made specifically for…
Continue Reading Elon Musk wants end-to-end encryption for Twitter DMs. It may not be that simple
By Rishi Iyengar, CNN Business Just two days after he announced he would buy Twitter, Elon Musk sent out a deluge of tweets about his plans for the…
Continue Reading Why car shopping is so bizarre in the United States
By Peter Valdes-Dapena, CNN Business The way we buy cars in America is just weird. Just think about it for a moment. When you want to buy a…
Continue Reading Ikea’s restaurants were failing. Then it turned to Swedish meatballs
By Nathaniel Meyersohn, CNN Business Ikea is known for sprawling showrooms, cheap flat-pack furniture and, of course, Swedish meatballs. The retail…
Continue Reading Electric car startups want to avoid same fate as Britain’s 1890s bike bubble
By Matt McFarland, CNN Business Amazon and Ford reported this week they lost a combined $12.3 billion in the last three months due to their…
Continue Reading Nasdaq wraps its worst month in nearly 14 years as recession fears grow stronger
By Nicole Goodkind, CNN Business US stocks plunged on Friday, with the Nasdaq marking its worst month since October 2008 and the S&P notching…
Continue Reading Inflation spurs record decline in workers’ wages and benefits
By Tami Luhby, CNN Skyrocketing inflation is robbing Americans of their raises. Total compensation costs for civilian workers declined 3.7% over the…
Continue Reading Putin keeps the ruble surging as Russia makes 11th-hour effort to avoid default
By David Goldman, CNN Business Russian President Vladimir Putin’s efforts to support the ruble continue to pay off — and then some.…
Continue Reading Putin keeps the ruble surging as Russia makes 11th-hour effort to avoid default
By David Goldman, CNN Business Russian President Vladimir Putin’s efforts to support the ruble continue to pay off — and then some.…
Continue Reading Amazon Labor Union’s Chris Smalls faces off against Sen. Graham on workers
By Brian Fung, CNN The president of the Amazon Labor Union warned Sen. Lindsey Graham on Thursday that he risks ignoring the concerns of workers at…
Continue Reading Private astronaut just back from space station describes interactions with Russian cosmonauts
By Kristin Fisher It didn’t take long for the crew of the first all-private mission to the International Space Station to experience the unique…
Continue Reading Apple employees demand more flexibility from company as three-day office return looms
By Sara Ashley O’Brien, CNN Business Some Apple employees are pushing back on the tech giant’s return to office pilot program, which will…
Continue Reading