Workers’ wages continue to climb, but not as fast as inflation
By Tami Luhby, CNN Employers continued hiking workers’ pay at a brisker-than-expected pace, but the increases still weren’t enough to…
Continue Reading
By Tami Luhby, CNN Employers continued hiking workers’ pay at a brisker-than-expected pace, but the increases still weren’t enough to…
Continue Reading
By Alicia Wallace, CNN Business Another key measure of inflation set a fresh 40-year high in June, a month marked by record-high gas prices. The…
Continue Reading
By Julia Horowitz, CNN Business When you think about a shrinking economy, what comes to mind? Factories shutting down. A wave of job losses and few…
Continue Reading
Opinion by Lakshman Achuthan and Anirvan Banerji for CNN Business Perspectives A couple of months ago, when the consensus outlook for the economy was…
Continue Reading
By Nicole Goodkind and Tal Yellin, CNN If you’re confused about whether the US economy is in a recession, you’re not alone. On one hand,…
Continue Reading
By Nadine Schmidt and Lauren Kent in London The German city of Hanover has banned hot water in public buildings and has introduced measures to reduce…
Continue Reading
By Anna Cooban and Julia Horowitz, CNN Business Europe’s economy grew unexpectedly in the second quarter of this year, allaying concerns —…
Continue Reading
By Laura He, CNN Business China’s top leadership has gone quiet on the growth targets it had set for the year, as the world’s…
Continue Reading
By Peter Valdes-Dapena, CNN Business Under a new green energy bill agreed to by Democratic Sens. Chuck Schumer and Joe Manchin, automakers like Tesla…
Continue Reading
By Alicia Wallace, CNN Business While the latest GDP report showed the US economy contracted again in the second quarter, Treasury Secretary Janet…
Continue Reading
By Parija Kavilanz, CNN Business Shopping for back-to-school essentials is becoming a real struggle for families whose household budgets are…
Continue Reading
By Paul R. La Monica, CNN Business There’s a saying on Wall Street that traders often sell the news. Well, that hasn’t been the case with…
Continue Reading
By Paul R. La Monica, CNN Business There’s a saying on Wall Street that traders often sell the news. Well, that hasn’t been the case with…
Continue Reading
By Martha White and Alicia Wallace, CNN Business The US economy shrank again in the second quarter, the Bureau of Economic Analysis said Thursday.…
Continue Reading
By Anna Bahney, CNN Business Mortgage rates dropped last week as fears grow that the US economy is entering a recession. The 30-year fixed-rate…
Continue Reading
By Martha White and Alicia Wallace, CNN Business The US economy shrank again in the second quarter, the Bureau of Economic Analysis said Thursday.…
Continue Reading
By Julia Horowitz, CNN Business Before the Federal Reserve announced another supersized interest rate hike on Wednesday, investors told Before the…
Continue Reading
By Parija Kavilanz, CNN Business Shopping for back-to-school essentials is becoming a real struggle for families whose household budgets are…
Continue Reading
By Natasha Chen For 17 years, Ana Duran worked full time as a travel counselor. Late last year she lost that job, shortly before seeing the price of…
Continue Reading
By Chris Isidore, CNN Business JetBlue Airways on Thursday announced it would purchase Spirit Airlines, a combination that would create…
Continue Reading
By Laura He, CNN Business Yang Huiyan, Asia’s wealthiest woman, has seen her wealth fall to $11 billion from nearly $24 billion this year as…
Continue Reading
By Chris Isidore, CNN Business Spirit and Frontier airlines Wednesday finally pulled the plug on their proposed deal, which had been on life support…
Continue Reading
By Chris Isidore, CNN Business Ford shook off the impact of supply chain problems and limited vehicle inventory to post much better-than-expected…
Continue Reading
By Peter Valdes-Dapena, CNN Business Rivian, the Amazon-backed manufacturer of electric pickups, SUVs and delivery vans, is laying off about 6% of…
Continue Reading
By Matt Egan, CNN Business The Federal Reserve’s war on inflation will eventually kill the economic recovery from Covid-19, former Fed official…
Continue Reading
By Hannah Rabinowitz, CNN A Pennsylvania mortgage company owned by billionaire investor Warren Buffett discriminated against communities of color in…
Continue Reading
By Nicole Goodkind, CNN Business What seemed unfathomable just six months ago — a 75-basis-point rate hike by the Federal Reserve — has…
Continue Reading
By Jordan Valinsky, CNN Business Sprite is retiring its green plastic bottles after more than 60 years. Coca-Cola said Wednesday it’s changing…
Continue Reading
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
By Chris Isidore, CNN Business Boeing has become so embattled, the company’s stock rose even after reporting a worse-than-expected loss and…
Continue Reading
By Jeanne Sahadi, CNN Business With the Federal Reserve’s interest rate hike on Wednesday — its fourth since March — consumers…
Continue Reading
Opinion by David Wilcox for CNN Business Perspectives The US economy may have begun to cool some, but it is still seriously overheated. Employers are…
Continue Reading
By Julia Horowitz, CNN Business Investors are uneasy as the Federal Reserve gears up for its latest policy announcement on Wednesday. But their hope…
Continue Reading
By Michelle Toh, CNN Business South Korea’s second biggest conglomerate is investing $22 billion into the United States, in high-priority areas…
Continue Reading
By Nicole Goodkind, CNN Business Wall Street has a serious case of recession dread. Inflation is at a 40-year high and the Federal Reserve is…
Continue Reading
By Swati Gupta and Rhea Mogul, CNN At least 36 people have died and about 50 others have been hospitalized in western India after drinking…
Continue Reading
By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
Continue Reading
By Lauren del Valle and Oliver Darcy, CNN The lawyer for two Sandy Hook families that have sued right-wing conspiracy theorist Alex Jones asked a…
Continue Reading
By Parija Kavilanz, CNN Business Cosmetics company Glossier, which has cultivated a cult-like following among Millennials and Gen Zers, announced…
Continue Reading
By Alexandra Peers, CNN Business “The Mississippi Delta is shining like a National guitar… And for reasons I cannot explain there’s…
Continue Reading
By Paul R. La Monica, CNN Business The Wall Street gambling parlor is still alive and well. Asset management firm AXS Investments recently launched…
Continue Reading
By Nathaniel Meyersohn, CNN Business A glimmer of relief is emerging at the checkout aisle: the return of discounts. Walmart, Best Buy, Gap, Target,…
Continue Reading
By Chris Isidore, CNN Business General Motors said strong sales and demand for vehicles doesn’t suggest any signs of an economic slowdown, but…
Continue Reading
By Julia Horowitz, CNN Business When wheat prices shot up to record highs following Russia’s invasion of Ukraine, alarm bells immediately…
Continue Reading
By Nadine Schmidt and Anna Cooban, CNN Business The German government has seized control of three Russian-owned oil refineries to secure supplies of…
Continue Reading
By Alicia Wallace, CNN Business Americans grew even more pessimistic about the US economy over the past month, according to the latest survey on…
Continue Reading
By Anna Bahney, CNN Business US home prices were up nearly 20% in May compared to the year before. But there were signs the market began to cool as…
Continue Reading
By Michelle Toh, CNN Business The global economy is already in trouble, yet risks keep piling up. In a report released Tuesday, the International…
Continue Reading
By Danielle Wiener-Bronner, CNN Business McDonald’s has been raising menu prices and customers are eating it up. Sales at McDonald’s US…
Continue Reading
By Anna Cooban, CNN Business The European Union has agreed to ration its natural gas this winter to prevent a severe supply shock. But the bloc has…
Continue Reading