US home sales fall for 8th month in a row in September, the longest slump since 2007
By 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…
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American Airlines: Our customers aren’t buying international first class tickets. So we’re eliminating them
By Chris Isidore, CNN Business American Airlines expanded on its plan to drop first-class seats on its international flights and replace them with…
Continue Reading ‘Batten down the hatches’: Bezos and fellow billionaires are issuing recession warnings
By Allison Morrow, CNN Business Even the uber-rich are on edge now about the economy. Elon Musk and Jeff Bezos, two of the wealthiest people on the…
Continue Reading Key US bond yield hits highest level since June 2008
By Paul R. La Monica, CNN Business More bad news for anyone looking to buy a home: The benchmark 10-year Treasury bond yield rose to about 4.23%…
Continue Reading Tech earnings are coming and they probably won’t be pretty
By Clare Duffy, CNN Business After months of layoffs, hiring freezes and other cost-cutting measures, big tech companies are set to provide the most…
Continue Reading Is Barilla really ‘Italy’s No. 1 brand of pasta?’ A lawsuit says no
By Jordan Valinsky, CNN Business Barilla can’t avoid a class-action lawsuit over allegedly deceptive advertising about the pasta’s…
Continue Reading Exclusive: Wonder Bread will have its first-ever float in the Macy’s Thanksgiving Day Parade
By Jordan Valinsky, CNN Business For any company that’s been around for a century, it can be hard to keep the brand fresh. Wonder Bread hopes…
Continue Reading An antitrust battle over GIFs could be a wake-up call for Silicon Valley
By Brian Fung, CNN GIFs — those short, animated images that were a staple of internet memes and culture in the 1990s and 2000s — may be going out…
Continue Reading Chinese stocks tumble to multi-year lows in New York and Hong Kong amid party congress
By Laura He, CNN Business Chinese stocks have hit multi-year lows in New York and Hong Kong amid growing concerns about China’s rising Covid…
Continue Reading Chinese stocks tumble to multi-year lows in New York and Hong Kong amid party congress
By Laura He, CNN Business Chinese stocks have hit multi-year lows in New York and Hong Kong amid growing concerns about China’s rising Covid…
Continue Reading How Covid prompted Asian startups to use tech in revolutionizing mental health support
By Eric Cheung and Will Ripley, CNN Business Many Asian countries introduced tougher Covid-19 restrictions than in other continents, a reality that…
Continue Reading Uber launches advertising unit to let marketers target ads based on where you go
By Catherine Thorbecke, CNN Business Uber is launching an in-house advertising division and rolling out its own form of targeted digital ads as it…
Continue Reading Gas prices are heading down, with or without Biden’s help
By Chris Isidore, CNN Business It’s not at all clear if President Joe Biden’s latest announcement that he’s releasing oil from the…
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5 statistics that show the growth of alternative investing
Volatile markets are highlighting the value of alternative investments. Propel(x) collected critical statistics about the growth of these…
Continue Reading Tesla earnings rebound but will miss 50% growth target
By Chris Isidore, CNN Business Tesla posted a solid quarter of earnings and record revenue, but now says it will fall short of its target for a 50%…
Continue Reading Covid’s WFH revolution helped fuel a baby boom
By Alicia Wallace, CNN Business Economic factors, not just lockdown-induced forced proximity, played a key role in last year’s “baby…
Continue Reading 3 things that will help reduce the sting of high inflation
By 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 Reading Nestlé recalls some packages of Toll House cookie dough
By Jordan Valinsky, CNN Business Nestlé is issuing a voluntary recall for its refrigerated, ready-to-bake Nestlé Toll House Stuffed Chocolate Chip…
Continue Reading New IRS rules mean your paycheck could be bigger next year
By Jeanne Sahadi, CNN Business Inflation may be pushing prices up, but it also may help push up your take-home pay starting next year. Thanks to…
Continue Reading New IRS rules mean your paycheck could be bigger next year
By Jeanne Sahadi, CNN Business Inflation may be pushing prices up, but it also may help push up your take-home pay starting next year. Thanks to…
Continue Reading ‘Serious concerns’: These senators are pushing back on the $25 billion Kroger-Albertsons merger
By Nathaniel Meyersohn, CNN Business The proposed $25 billion Kroger-Albertsons grocery giant merger is already running into significant opposition…
Continue Reading Waymo to expand robotaxi service to Los Angeles
By Matt McFarland, CNN Business Waymo, the robotaxi provider of Google’s parent company Alphabet, said Wednesday that it will expand its…
Continue Reading America’s emergency oil stockpile is at a 38-year low but it’s still got firepower left
By 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 Reading UK inflation back at 40-year high as food prices soar
By 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 Reading October surprise? Stocks continue to sizzle this month
By 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 Reading New home building retreated in September as rising mortgage rates scare off buyers
By Anna Bahney, CNN Home building pulled back in September, as buyers faced spiking mortgage rates that have made homes increasingly unaffordable.…
Continue Reading Global CO2 emissions from fossil fuels to rise by less than 1% this year as renewables and EVs take off
By Angela Dewan, CNN Finally, some good news in the battle against greenhouse gasses: Carbon dioxide (CO2) emissions from the burning of fossil fuels…
Continue Reading It’s been 35 years since the epic Black Monday crash. What have investors learned?
By Paul R. La Monica, CNN Business October 19, 1987. A brief but violent stock market crash. Can it happen again? Probably not. The Dow plummeted…
Continue Reading Facing brain drain, Hong Kong plans $3.8 billion ‘trawl’ for global talent
By Michelle Toh, CNN Business Hong Kong wants international firms to know it means business. The city’s leader, Chief Executive John Lee,…
Continue Reading How the Gandhis went from ‘Kennedys of India’ to the political wilderness
By Rhea Mogul, CNN He has about 2,500 kilometers to go until his journey is complete. But the great-grandson of India’s first prime minister…
Continue Reading IPhone maker Foxconn wants to dominate electric car manufacturing
By Peter Valdes-Dapena, CNN Business Foxconn, the Taiwanese company best known for building Apple’s iPhones, recently showed off two new…
Continue Reading Netflix is back to growing after a nightmare year of losing subscribers
By Frank Pallotta, CNN Business After two quarters of bleeding subscribers, Netflix appears to be back on track — in a big way. The streaming…
Continue Reading Girl Scouts of the USA receive largest ever donation from single donor
by Devon M. Sayers Girl Scouts of the USA received its largest ever donation from a single individual, a gift of $84.5 million from MacKenzie Scott,…
Continue Reading NFL adds first-ever Black Friday game exclusively for Amazon
By Frank Pallotta, CNN Business The NFL is expanding its hold on Thanksgiving weekend and building its relationship with Amazon and the world of…
Continue Reading Here’s why convenience stores aren’t rushing to replace gas pumps with EV chargers
By Matt McFarland, CNN Business Gas stations with convenience stores seem like an obvious location for electric vehicle chargers. Drivers could grab…
Continue Reading Kanye West to acquire conservative social media platform Parler
By Brian Fung, CNN Business Kanye West is acquiring Parler, the alternative social media platform favored by many conservatives. Parler’s…
Continue Reading The strong dollar has an unexpected victim
By 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 Reading Rolls-Royce’s first electric car has two doors and is longer than a Cadillac Escalade
By Peter Valdes-Dapena, CNN Business Rolls-Royce will start production of its first electric car next year. It has only two doors but is longer than…
Continue Reading The US is spending billions to boost chip manufacturing. Will it be enough?
By Catherine Thorbecke, CNN Business The United States government is pulling out all the stops to boost domestic semiconductor manufacturing,…
Continue Reading Pizza Hut is finally selling slices — with a twist
By Jordan Valinsky, CNN Business Pizza Hut is getting more personal beyond its personal pan pizzas. For customers who find ordering a whole pie…
Continue Reading Why women in leadership roles are more likely than ever to quit
By Jeanne Sahadi, CNN Business When it comes to getting promoted into management, men still have the advantage. And women who do ascend to leadership…
Continue Reading Amazon workers vote against forming union in upstate New York, dealing setback to grassroots labor group
By Catherine Thorbecke, CNN Business Amazon workers in upstate New York have voted against forming a union, dealing another blow to a grassroots…
Continue Reading Florida farmers and ranchers could see up to $1.5 billion in Hurricane Ian-related losses
By Vanessa Yurkevich, CNN Florida farmers and ranchers lost up to $1.56 billion in crops, livestock, and nursery and aquaculture products due to the…
Continue Reading Trains canceled and schools affected as nationwide strikes hit France
By Hanna Ziady and Joseph Ataman, CNN Business Only about half the trains on regional and intercity lines were running Tuesday in France and Eurostar…
Continue Reading Stocks surge again as Corporate America’s earnings impress
By Paul R. La Monica, CNN Business So much for Shocktober. Wall Street’s often scary month for stocks has suddenly turned into Rocktober. The…
Continue Reading Meta rolls out paid verification option for Facebook and Instagram users in US
By Jennifer Korn Facebook and Instagram users in the United States will soon be able to pay to get a coveted blue check on their account. Meta on…
Continue Reading Meta says it will sell Giphy to comply with UK breakup order
By Brian Fung, CNN Facebook-parent Meta plans to sell off Giphy, an online search tool for animated images, after the UK government said it would…
Continue Reading The US is spending billions to boost chip manufacturing. Will it be enough?
By Catherine Thorbecke, CNN Business The United States government is pulling out all the stops to boost domestic semiconductor manufacturing,…
Continue Reading Rolls-Royce’s first electric car has two doors and is longer than a Cadillac Escalade
By Peter Valdes-Dapena, CNN Business Rolls-Royce will start production of its first electric car next year. It has only two doors but is longer than…
Continue Reading Almost two-thirds of economists think the economy is in or near a recession
By 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 Reading Goldman Sachs overhauls banking and trading units
By Paul R. La Monica, CNN Business Goldman Sachs announced a major reorganization Tuesday as the Wall Street powerhouse grapples with market…
Continue Reading GM just took a stake in a startup that makes imitation leather out of mushrooms
By Peter Valdes-Dapena, CNN Business General Motors’ venture capital arm has invested in a California startup that’s making imitation…
Continue Reading First on CNN: Next spring the economy will sink into a 1990-style mild recession, Fitch says
By Matt Egan, CNN Business Stubborn inflation and the Federal Reserve’s jumbo-sized interest rate hikes will drive the American economy into a…
Continue Reading China delays the release of GDP and other economic data without explanation amid Party Congress
By Laura He and CNN’s Beijing Bureau, CNN Business China has abruptly delayed the publication of key economic data, one day before its…
Continue Reading China delays the release of GDP and other economic data without explanation amid Party Congress
By Laura He and CNN’s Beijing Bureau, CNN Business China has abruptly delayed the publication of key economic data, one day before its…
Continue Reading UK Prime Minister Liz Truss apologizes for mini-budget ‘mistakes’
By Jorge Engels, Luke McGee and Jessie Yeung, CNN British Prime Minister Liz Truss on Monday apologized for her controversial mini-budget that…
Continue Reading Mercedes CEO says Europe’s gas crisis will accelerate its shift to renewables
By Michelle Toh, CNN Business Europe’s gas crisis will be “a catalyst” for Mercedes-Benz to push deeper into clean energy, says its…
Continue Reading Dow soars back above 30,000
By 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 Reading EU produces record wind and solar energy as it shirks Russian gas
By Christian Edwards, CNN Wind and solar power have made up a record 24% of the European Union’s electricity mix since Russia launched its war…
Continue Reading Whistleblower claims Donald Trump retaliated against a director who refused to give shares to Melania
By David Goldman and Matt Egan, CNN Business A former executive at Donald Trump’s media company claims the former President retaliated against…
Continue Reading Whistleblower claims Donald Trump retaliated against a director who refused to give shares to Melania
By David Goldman and Matt Egan, CNN Business A former executive at Donald Trump’s media company claims the former President retaliated against…
Continue Reading Tesla Autopilot’s safety questioned after latest fatal motorcycle crash
By Matt McFarland, CNN Business Tesla’s Autopilot was involved in a third fatal motorcycle crash this summer, raising questions about the…
Continue Reading What this mega supermarket merger could mean for your grocery bills
By Nathaniel Meyersohn, CNN Business In a mega-deal that could have a huge impact on grocery shopping in America, Kroger and Albertsons announced…
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A small business owner’s guide to starting a 401(k) plan
Guideline compiled a list of tips about 401(k) plans for small businesses using info from a variety of sources, including the IRS and the Department…
Continue Reading French government in crisis talks as fuel shortages worsen
By Joseph Ataman, Marguerite Lacroix and Natacha Bracken French President Emmanuel Macron called a crisis meeting with senior ministers on Monday to…
Continue Reading How a 51-year-old celebrity hacker upended one of the world’s most influential social networks
By Sean Lyngaas and Clare Duffy, CNN Business When Peiter Zatko joined Twitter as head of security in late 2020 at the urging of founder and then-CEO…
Continue Reading Walmart is now selling over-the-counter hearing aids after FDA rule change
By Parija Kavilanz, CNN Business Walmart announced Monday that its customers can for the first time buy over-the-counter hearing aids without a…
Continue Reading How TJ Maxx and Ross offer such deep discounts
By Nathaniel Meyersohn, CNN Business It’s a great time to be a closeout store like TJ Maxx. Traditional brands and retailers are overstocked on…
Continue Reading With product innovation lagging, Silicon Valley bets on a fresh coat of paint
By Samantha Murphy Kelly, CNN Business When Google unveiled its new Pixel 7 smartphone lineup earlier this month, the devices looked largely the same…
Continue Reading Google’s core business is slowing down amid recession fears
By 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 Reading US bank earnings revealed ominous clues about the future of the housing market
By Nicole Goodkind, CNN Business The largest US banks reported relatively solid third-quarter earnings on Friday. But within those reports, investors…
Continue Reading Kanye West to acquire conservative social media platform Parler
By Brian Fung, CNN Business Kanye West is acquiring Parler, the alternative social media platform favored by many conservatives. Parler’s…
Continue Reading New UK finance minister rips up Truss’ economic plan in stunning policy reversal
By Julia Horowitz, CNN Business Britain’s new finance minister announced a comprehensive retreat on the UK government’s tax-and-spending…
Continue Reading Xi Jinping’s speech: yes to zero-Covid, no to market reforms?
By Laura He, CNN Business Even though China’s economy is beset by problems ranging from a real estate crisis to youth unemployment, Xi Jinping…
Continue Reading Xi Jinping’s speech: yes to zero-Covid, no to market reforms?
By Laura He, CNN Business Even though China’s economy is beset by problems ranging from a real estate crisis to youth unemployment, Xi Jinping…
Continue Reading Tesla investors try to look past Elon Musk’s many, many distractions
By Paul R. La Monica, CNN Business Elon Musk now wants to buy Twitter after all. While that’s good news for Twitter’s long-suffering…
Continue Reading Busch debuts non-alcoholic ‘Turkey Brew’ for dogs
By Zoe Sottile, CNN Crack open a cold one this Thanksgiving — for your dog. Just in time for the winter holidays, Busch Beer has debuted a…
Continue Reading ‘SNL’ takes on the January 6 Committee and Trump
By Frank Pallotta, CNN Business “Saturday Night Live” opened this week’s episode taking on one of the most notable moments in news…
Continue Reading ‘SNL’ takes on the January 6 Committee and Trump
By Frank Pallotta, CNN Business “Saturday Night Live” opened this week’s episode taking on one of the most notable moments in news…
Continue Reading Elon Musk reverses course, says SpaceX will keep funding Ukraine Starlink service for free
By Samantha Beech, Alex Marquardt and Jackie Wattles, CNN US billionaire Elon Musk tweeted on Saturday that SpaceX will continue funding Starlink…
Continue Reading Workers at second Apple store vote to join union
By Catherine Thorbecke and Chris Isidore, CNN Business Apple workers in Oklahoma City have voted to form the second-ever labor union at one of the…
Continue Reading Teenage girl fights for her life in India after alleged rapist’s fire attack
By Rhea Mogul, Devendra Singh Chauhan and Vedika Sud, CNN Fears are growing for the survival of a 15-year-old girl who was allegedly set on fire by a…
Continue Reading Astronauts returning home from space station splash down off Florida coast
By Jackie Wattles, CNN Four astronauts boarded a SpaceX Crew Dragon capsule and returned home from the International Space Station on Friday,…
Continue Reading Trevor Milton, founder of Nikola, found guilty of fraud
By Matt McFarland, CNN Business and Reuters Nikola founder Trevor Milton was convicted Friday by a U.S. jury of fraud in a case alleging he lied to…
Continue Reading World’s largest academic endowment lost money for the first time since 2016
By Kate Trafecante Harvard University’s endowment lost $2.3 billion in fiscal 2022, blaming the loss on both the global market downturn as well…
Continue Reading Top Fed official says he broke central bank trading rules
By Nicole Goodkind, CNN Business Federal Reserve Bank of Atlanta President Raphael Bostic said Friday he had inadvertently broken the central…
Continue Reading World’s largest academic endowment lost money for the first time since 2016
By Kate Trafecante Harvard University’s endowment lost $2.3 billion in fiscal 2022, blaming the loss on both the global market downturn as well…
Continue Reading What to do with your old phones, gadgets and other e-waste
By Catherine Thorbecke, CNN Business In the past two months, Apple, Google and Samsung have all unveiled their newest smartphones and other devices…
Continue Reading It’s a scary time in Hollywood. But the horror studio behind hits like ‘Halloween Ends’ is making a killing
By Frank Pallotta, CNN Business It’s a scary time in Hollywood. The streaming revolution has transformed the entertainment industry and studios…
Continue Reading It’s a scary time in Hollywood. But the horror studio behind hits like ‘Halloween Ends’ is making a killing
By Frank Pallotta, CNN Business It’s a scary time in Hollywood. The streaming revolution has transformed the entertainment industry and studios…
Continue Reading Liz Truss ditches another big tax cut and fires her finance minister
By Julia Horowitz, Luke McGee and Mark Thompson, CNN Business UK Prime Minister Liz Truss has fired finance minister Kwasi Kwarteng and ditched a big…
Continue Reading Beyond Meat executive who allegedly bit a man’s nose will leave the company
By Parija Kavilanz, CNN Business Beyond Meat Chief Operating Officer Doug Ramsey is leaving the company after his recent arrest for assault. Ramsey…
Continue Reading A ‘tectonic shift’ in global wealth that will take years to recover from
By Nicole Goodkind, CNN Business Markets plunged on Thursday morning after red-hot inflation data raised fears on Wall Street that the Federal…
Continue Reading What to do with your old phones, gadgets and other e-waste
By Catherine Thorbecke, CNN Business In the past two months, Apple, Google and Samsung have all unveiled their newest smartphones and other devices…
Continue Reading Astronauts returning home from space station splash down off Florida coast
By Jackie Wattles, CNN Four astronauts boarded a SpaceX Crew Dragon capsule and returned home from the International Space Station on Friday,…
Continue Reading US home sales fall for 8th month in a row in September, the longest slump since 2007
By 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 Reading Two of the largest supermarkets in America are merging
By Nathaniel Meyersohn and Jordan Valinsky, CNN Kroger announced Friday that it plans to buy Albertsons in a nearly $25 billion deal that could…
Continue Reading Royal Mail warns of 6,000 job cuts as postal workers step up strikes
By Anna Cooban and Mark Thompson, CNN Business UK postal service Royal Mail said Friday that it could cut 6,000 jobs as it warned of a big loss this…
Continue Reading Liz Truss ditches another big tax cut and fires her finance minister
By Julia Horowitz, Luke McGee and Mark Thompson, CNN Business UK Prime Minister Liz Truss has fired finance minister Kwasi Kwarteng and ditched a big…
Continue Reading India halts production of cough syrups suspected of links to child deaths
By Swati Gupta, Manveena Suri, Rhea Mogul and Heather Chen, CNN Indian health authorities have halted production at a pharmaceutical company in New…
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