![US consumers' outstanding credit grew by $11.56 billion to end the year](https://localnews8.b-cdn.net/2023/02/hypatia-h_f7f53218c6560ce09abf1d442ba746a1-h_6d14bd1a8a2e1c8d8e0687ab0671df1d-300-375x225.jpg)
Americans are becoming ‘reluctant’ to make larger purchases, new Fed report shows
By Alicia Wallace, CNN As retail sales took a bit of a breather in December, so did the credit cards. US consumers’ outstanding credit grew by…
Continue ReadingBy Alicia Wallace, CNN As retail sales took a bit of a breather in December, so did the credit cards. US consumers’ outstanding credit grew by…
Continue ReadingBy Nicole Goodkind, CNN Everyone seems to be in a bit of a debt bind at the moment: The US government has run out of credit to spend, high inflation…
Continue ReadingStacker analyzed best practices from reputable news and financial institutions for tips to strengthen your retirement portfolio for the new…
Continue ReadingBy Catherine Thorbecke, CNN Zoom on Tuesday said it will lay off about 1,300 employees, or approximately 15% of its staff, becoming the latest tech…
Continue ReadingBy Alicia Wallace, CNN The US labor market remains “extraordinarily strong” and Friday’s monster jobs report underscored that the…
Continue ReadingBy Clare Duffy, CNN Microsoft on Tuesday announced a revamp of its Bing search engine and Edge web browser powered by artificial intelligence, weeks…
Continue ReadingBy Brian Fung, CNN Twitter temporarily suspended Montana Republican Sen. Steve Daines’s account for violations of the company’s sensitive…
Continue ReadingBy Jordan Valinsky, CNN Bed Bath & Beyond is closing 150 more stores — just a week after the struggling retailer announced the closure of 87…
Continue ReadingBy Julia Horowitz, CNN The United Kingdom is pushing ahead with plans to create a digital pound issued by the Bank of England that would offer a…
Continue ReadingBy Paul R. La Monica, CNN Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, understands that consumers are still struggling to…
Continue ReadingBy Parija Kavilanz, CNN On Super Bowl Sunday, an army of volunteers will be ready outside and inside State Farm Stadium in Glendale, Arizona to…
Continue ReadingBy Rob McLean, CNN Microsoft reported that a “full restoration” of its Outlook service was nearly complete mid-morning Tuesday after a…
Continue ReadingBy Alicia Wallace, CNN Inflation surged in January by the most in three months, according to the latest Consumer Price Index released Tuesday. But…
Continue ReadingBy Brian Fung, CNN Top US lawmakers on the Senate Intelligence Committee want answers from Meta on a newly disclosed internal investigation it…
Continue ReadingBy Julia Horowitz, CNN The United Kingdom is pushing ahead with plans to create a digital pound issued by the Bank of England that would offer a…
Continue ReadingBy Chris Isidore, CNN Boeing plans to cut about 2,000 white-collar jobs in finance and human resources, and it will be shifting some of that work to…
Continue ReadingBy Anna Cooban, CNN Amazon has announced that it will help victims of the Turkey earthquake by donating food, medicine and equipment from its…
Continue ReadingBy Nicole Goodkind, CNN Here’s what investors are paying attention to this Tuesday morning: â–¸ President Joe Biden is set to deliver his…
Continue ReadingBy Michelle Toh and Anna Cooban, CNN BP’s annual profit more than doubled last year to an all-time high of nearly $28 billion, extending a…
Continue ReadingBy Reuters Australia’s central bank raised its cash rate by 25 basis points to a decade-high of 3.35% on Tuesday and reiterated that further…
Continue ReadingBy Michelle Toh, CNN Shares in Baidu soared on Tuesday, after the Chinese search engine giant said it would be launching its own ChatGPT-style…
Continue ReadingBy Michelle Toh, CNN Alibaba says it will launch its own ChatGPT-style tool, becoming the latest tech giant to jump on the chatbot bandwagon. The…
Continue ReadingBy Allison Morrow Binance, the world’s largest crypto exchange, said it would temporarily halt transfers of US dollars starting Wednesday.…
Continue ReadingBy Catherine Thorbecke, CNN Google on Monday unveiled a new chatbot tool dubbed “Bard” in an apparent bid to compete with the viral…
Continue ReadingBy Gregory Wallace, CNN Airline regulators on Monday proposed slapping United Airlines with a $1.15 million fine for safety concerns about how it…
Continue ReadingBy Hanna Ziady, CNN Tens of thousands of nurses and nearly 12,000 ambulance workers went on strike Monday over pay and working conditions in the…
Continue ReadingBy Hanna Ziady, CNN Tens of thousands of nurses and nearly 12,000 ambulance workers went on strike Monday over pay and working conditions in the…
Continue ReadingBy Zoe Sottile, CNN Love is in the air — and it smells like Cracker Barrel. The restaurant chain has announced a romantic new venture for…
Continue ReadingBy Paul R. La Monica, CNN Meme stock mania was supposed to be over, right? Guess what: It’s not. Sure, the entire market did well in January.…
Continue ReadingBy Hilary Whiteman, CNN The world is producing a record amount of single-use plastic waste, mostly made from polymers created from fossil fuels,…
Continue ReadingBy Jeanne Sahadi, CNN If you think news that inflation is easing means you’re not going to get hit with any more higher prices, think again. At…
Continue ReadingBy Nicole Goodkind, CNN Business Investors who believe the bear market is over are “ignorant,” Lisa Shalett, chief investment officer of…
Continue ReadingBy Brian Fung, CNN Dell plans to lay off roughly 5% of its workforce, the company said in a regulatory filing Monday, in the latest example of tech…
Continue ReadingBy Jordan Valinsky, CNN Business National Enquirer, the 97-year-old controversial tabloid behind several bombshell celebrity and political scandals,…
Continue ReadingBy Hannah Sarisohn and Zoe Sottile, CNN Powerball players might just have a shot at winning $747 million, the fifth-largest jackpot in the…
Continue ReadingBy Jordan Valinsky, CNN Business AMC Theaters is changing the way it charges for seats. America’s largest movie chain announced that the prices…
Continue ReadingBy Allison Morrow, CNN The new management of FTX is pressuring hundreds of politicians and political organizations to return millions of dollars…
Continue ReadingBy Anna Cooban, CNN Europe’s ban on Russia’s diesel arrived painlessly on Sunday. Although the EU cut off its biggest supplier, diesel…
Continue ReadingBy Paul R. La Monica, CNN Congress is once again bickering about raising the debt ceiling, the amount of money the US government can borrow to pay…
Continue ReadingBy Paul R. La Monica, CNN Congress is once again bickering about raising the debt ceiling, the amount of money the US government can borrow to pay…
Continue ReadingBy Betsy Klein, CNN Treasury Secretary Janet Yellen said Monday that the probability of a US recession this year is low as she touted job growth and…
Continue ReadingBy Michelle Toh, CNN An episode of “The Simpsons” that includes a line about “forced labor camps” in mainland China has been…
Continue ReadingBy Diksha Madhok, CNN Indian billionaire Gautam Adani is repaying some debt early as he scrambles to end a rout in shares of his embattled…
Continue ReadingBy Jeanne Sahadi, CNN If you think news that inflation is easing means you’re not going to get hit with any more higher prices, think again. At…
Continue ReadingBy Michelle Toh, CNN Apple supplier Foxconn says its January monthly sales hit a record high as it bounced back from Covid-19 disruptions in China.…
Continue ReadingBy Ramishah Maruf, CNN After a shocking jobs report, Larry Summers, treasury secretary under Bill Clinton, said he is more encouraged the Fed can…
Continue ReadingBy Ramishah Maruf, CNN After a shocking jobs report, Larry Summers, treasury secretary under Bill Clinton, said he is more encouraged the Fed can…
Continue ReadingBy Lucy Bayly, CNN First-time applications for unemployment benefits rose last week to 196,000, a slightly higher total than the 190,000 that…
Continue ReadingBy Pete Muntean, CNN A FedEx cargo plane trying to land at an Austin, Texas, airport had to change course Saturday to avoid a potential collision…
Continue ReadingBy Pete Muntean, CNN A FedEx cargo plane trying to land at an Austin, Texas, airport had to change course Saturday to avoid a potential collision…
Continue ReadingBy Chris Isidore, CNN Ford showed this week that it’s not going to be as easy for traditional automakers to catch Tesla in the race to build…
Continue ReadingBy Allison Morrow, CNN Super Bowl LVIÂ was the crypto world’s coming out party. Buzzy firms made bold pitches last year, and shelled out…
Continue ReadingBy Julia Horowitz, CNN Less than two weeks ago, Gautam Adani was the fourth-richest person in the world. With a personal fortune estimated at $120…
Continue ReadingBy Chris Isidore and Vanessa Yurkevich, CNN Unionized workers at Disney World have rejected a contract proposal from the company that would have…
Continue ReadingBy Peter Valdes-Dapena, CNN America’s major automakers are getting back into Formula 1 racing. Following General Motors’ recent…
Continue ReadingBy Peter Valdes-Dapena, CNN Business Is the Ford Mustang Mach-E an SUV? How about the Tesla Model Y? Depending on which branch of the US government…
Continue ReadingBy Clare Duffy, CNN A California jury has ruled that Elon Musk is not liable for losses experienced by Tesla shareholders following his controversial…
Continue ReadingBy Allison Morrow, CNN America’s job market demonstrated its stunning resilience Friday, besting expectations by a factor of nearly three and…
Continue ReadingBy AJ Willingham, CNN The season of Twitter shakeups isn’t over yet. The social media platform has announced it will eliminate free API access…
Continue ReadingBy Jordan Valinsky, CNN Nearly three years after the pandemic began, American offices are finally more than halfway filled again as workers have…
Continue ReadingBy Nicole Goodkind, CNN Federal Reserve officials have for months blamed a dwindling supply of US workers for elevated inflation levels. During his…
Continue ReadingBy Alicia Wallace, CNN The US economy added an astonishing 517,000 jobs in January, showing that the labor market isn’t ready to cool down just…
Continue ReadingBy Brian Fung, CNN Activision Blizzard will pay $35 million to settle US government allegations that the video game giant violated a whistleblower…
Continue ReadingBy Nicole Goodkind, CNN Federal Reserve officials have for months blamed a dwindling supply of US workers for elevated inflation levels. During his…
Continue ReadingBy Olesya Dmitracova, CNN One of Gautam Adani’s biggest international partners, TotalEnergies, said Friday that his Indian conglomerate is…
Continue ReadingBy Diksha Madhok and Olesya Dmitracova, CNN Shares in most Adani Group companies slumped again Friday and India’s parliament was adjourned amid…
Continue ReadingBy Michelle Toh and Wayne Chang, CNN China will fully reopen borders with its special administrative regions of Hong Kong and Macao next week, in…
Continue ReadingBy Oliver Darcy, CNN CNN correspondent Frederik Pleitgen and his team were traveling on Thursday to the Ukrainian city of Kramatorsk to report on the…
Continue ReadingBy Oliver Darcy, CNN CNN correspondent Frederik Pleitgen and his team were traveling on Thursday to the Ukrainian city of Kramatorsk to report on the…
Continue ReadingBy Anna Bahney, CNN Mortgage rates fell slightly this week, as a smaller rate hike by the Federal Reserve signaled promising improvement on…
Continue ReadingWhen was the last time you wrote a check? Experian examined Federal Reserve data to see how cashless spending has evolved in recent…
Continue ReadingBy Laura Paddison, CNN Activists from the campaign group Greenpeace have boarded a ship in the Atlantic Ocean and scaled a Shell oil platform that is…
Continue ReadingBy Michelle Toh and Hanna Ziady, CNN Shell made a record profit of almost $40 billion in 2022, more than double what it raked in the previous year…
Continue ReadingBy Hilary Whiteman, CNN The discovery of a tiny lost radioactive capsule beside a remote highway in Western Australia raises many questions —…
Continue ReadingBy Oliver Darcy, CNN Business Roy Wood Jr., the comedian known for his role on Comedy Central’s “The Daily Show,” will be the…
Continue ReadingBy Jennifer Korn, CNN A first-generation 2007 iPhone sold for more than $63,000 in an online auction Sunday, more than 100 times its original cost.…
Continue ReadingBy Sophia Saifi and Julia Horowitz, CNN Muhammad Radaqat, a 27-year-old greengrocer, is worried. He doesn’t know how much an onion will cost…
Continue ReadingBy Clare Duffy and Nicole Goodkind, CNN Thursday afternoon will round out what has so far been a sobering earnings season for the Big Tech giants.…
Continue ReadingBy Jordan Valinsky, CNN Subway says it had a record-setting year for sales in 2022, bolstered by a major menu revamp and store renovations. The…
Continue ReadingBy Sophia Saifi and Julia Horowitz, CNN Muhammad Radaqat, a 27-year-old greengrocer, is worried. He doesn’t know how much an onion will cost…
Continue ReadingBy Olesya Dmitracova, CNN Europe’s two largest central banks raised interest rates sharply on Thursday, opting for bigger increases than the US…
Continue ReadingBy Alicia Wallace, CNN A week that has been chock-full of economic data will be capped off Friday with the first US jobs report of 2023. Economists…
Continue ReadingBy Brian Fung, CNN A member of the Senate Intelligence Committee is calling on Apple and Google to remove TikTok from their app stores over concerns…
Continue ReadingBy Brian Fung, CNN A member of the Senate Intelligence Committee is calling on Apple and Google to remove TikTok from their app stores over concerns…
Continue ReadingBy Laura He, CNN China is set to make market-oriented changes to the way initial public offerings are approved, as it tries to reset the economy and…
Continue ReadingBy Diksha Madhok and Mark Thompson, CNN Shares in Gautam Adani’s businesses plunged further on Thursday after an attempt by the Indian…
Continue ReadingBy Hilary Whiteman and Michelle Toh, CNN Australia’s new $5 banknote will not feature Britain’s King Charles III, but rather a new design…
Continue ReadingBy Nectar Gan, CNN Chinese scientists have successfully cloned three “super cows” that can produce an unusually high amount of milk,…
Continue ReadingMany Idahoans are aware they can e-file their tax returns, but few know it might be free.…
Continue ReadingBy Peter Valdes-Dapena, CNN Bugatti sold its last purely gas-powered supercar at a Paris auction Wednesday for more than $10 million, setting a world…
Continue ReadingBy Jeanne Sahadi, CNN Interest rates are higher (again), courtesy of the Federal Reserve, which hiked its benchmark interest rate Wednesday, for the…
Continue ReadingBy Jeanne Sahadi, CNN Interest rates are higher (again), courtesy of the Federal Reserve, which hiked its benchmark interest rate Wednesday, for the…
Continue ReadingBy Clare Duffy, CNN For years, Facebook and its CEO Mark Zuckerberg invested heavily in growth, including in areas like virtual reality with unproven…
Continue ReadingBy Samantha Murphy Kelly, CNN Business OpenAI, the company behind ChatGPT, announced on Wednesday it is piloting a $20 monthly subscription plan that…
Continue ReadingBy Brian Fung, CNN A federal judge will not block Meta from buying a virtual reality tech startup, according to multiple reports, in a setback for…
Continue ReadingBy Samantha Murphy Kelly, CNN Business At its annual Unpacked event on Wednesday, Samsung unveiled its latest Galaxy S smartphones — and the…
Continue ReadingBy Alicia Wallace, CNN Despite the looming threat of recession and the cacophony of mass layoff announcements, US businesses still need workers —…
Continue ReadingBy Mark Thompson, CNN Indian billionaire Gautam Adani on Wednesday abandoned a deal to raise $2.5 billion from investors after a week-long meltdown…
Continue ReadingBy Tami Luhby, CNN Employers continued to raise wages during the fourth quarter to attract workers and hold on to existing staff, though the pace of…
Continue ReadingBy Catherine Thorbecke, CNN In less than three months, four of the big five US tech companies have cut tens of thousands of employees combined,…
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