Judge blocks Penguin Random House’s purchase of Simon & Schuster
By CNN Business staff A federal judge blocked Penguin Random House from buying Simon & Schuster, arguing that the combination of the two book…
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Delta pilots say they’re willing to strike, but no impact to Thanksgiving travel is expected
By Pete Muntean, CNN Delta Air Lines pilots intensified their push for improved pay by insisting they will strike if they do not get a new contract.…
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Chick-fil-A operator has a winning recipe for employees: three-day workweek
By Parija Kavilanz, CNN Business What staffing shortage? One Miami Chick-fil-A owner/operator has been deluged with applications after switching his…
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Elon Musk, Twitter’s new owner, tweets conspiracy theory about attack on Paul Pelosi
By Oliver Darcy and Donie O’Sullivan, CNN Elon Musk on Sunday gave credence to a fringe conspiracy theory about the violent attack on Paul…
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Dow has biggest monthly gain in more than 45 years
By 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 ReadingA spooky forecast for the future of interest rates
By Nicole Goodkind, CNN Business When will central banks stop raising interest rates? That’s the multi-trillion dollar question that has Wall…
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Inflation isn’t going anywhere. Just look at the latest data from Europe
By Julia Horowitz, CNN Business European inflation has accelerated to a new record high as energy and food prices in the region continue to…
Continue Reading Inflation isn’t going anywhere. Just look at the latest data from Europe
By Julia Horowitz, CNN Business European inflation has accelerated to a new record high as energy and food prices in the region continue to…
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Wheat and corn prices jump after Russia quits Black Sea grain deal
By 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 Reading Elon Musk, Twitter’s new owner, tweets conspiracy theory about attack on Paul Pelosi
By Oliver Darcy and Donie O’Sullivan, CNN Elon Musk on Sunday gave credence to a fringe conspiracy theory about the violent attack on Paul…
Continue ReadingThe Fed may have to blow up the economy to get inflation under control
By 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…
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‘SNL’ takes on notable Republicans before the midterm elections
By Frank Pallotta, CNN Business “Saturday Night Live” kicked off this week’s episode with Heidi Gardner leading a PBS NewsHour…
Continue Reading ‘SNL’ takes on notable Republicans before the midterm elections
By Frank Pallotta, CNN Business “Saturday Night Live” kicked off this week’s episode with Heidi Gardner leading a PBS NewsHour…
Continue ReadingTesla ATV for kids recalled for violating safety standards
By Peter Valdes-Dapena, CNN Business The Tesla Cyberquads for Kids, made by Radio Flyer, has been recalled because it doesn’t meet federal…
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The Happy Meal inventor says McDonald’s didn’t want it at first
By Nathaniel Meyersohn, CNN Business McDonald’s said this week that it sold half of its new Happy Meals geared toward adults –Cactus…
Continue Reading Dow has biggest monthly gain in more than 45 years
By 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…
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McDonald’s stock hits all time high
By Danielle Wiener-Bronner, CNN Business McDonald’s stock hit an all time high Friday as Wall Street cheered the company’s third quarter…
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Trump won’t return to Twitter right away: Musk enlists panel to review suspended accounts
By Oliver Darcy, CNN Business Newly minted Twitter owner Elon Musk said Friday afternoon that the social media company “will be forming a…
Continue Reading Trump won’t return to Twitter right away: Musk enlists panel to review suspended accounts
By Oliver Darcy, CNN Business Newly minted Twitter owner Elon Musk said Friday afternoon that the social media company “will be forming a…
Continue ReadingThe electric Pininfarina Battista costs a whopping $2 million. Here’s what that gets you
By Peter Valdes-Dapena, CNN Business The Pininfarina Battista is an astonishing car. Its base price, $2.2 million, is shocking, but so are its…
Continue ReadingThe electric Pininfarina Battista costs a whopping $2 million. Here’s what that gets you
By Peter Valdes-Dapena, CNN Business The Pininfarina Battista is an astonishing car. Its base price, $2.2 million, is shocking, but so are its…
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Brits are stocking up on air fryers and electric blankets as energy bills skyrocket
By Anna Cooban, CNN Business Shoppers in the United Kingdom are snapping up energy-saving air fryers, electric blankets and slow cookers this winter…
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Employers kept hiking workers’ wages last quarter, but they did not keep up with inflation
By Tami Luhby, CNN Employers continued hiking wages to attract workers and hold on to existing staff during the third quarter. But the raises did not…
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After brands dump Kanye West, many people ask: What took so long?
By Danielle Wiener-Bronner, CNN Business Earlier this week Adidas ended its partnership with rapper and fashion designer Ye (who previously went by…
Continue Reading After brands dump Kanye West, many people ask: What took so long?
By Danielle Wiener-Bronner, CNN Business Earlier this week Adidas ended its partnership with rapper and fashion designer Ye (who previously went by…
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Many employers will soon have to advertise salary thanks to two new laws
By Jeanne Sahadi, CNN Business Next week, job seekers will start to get a much better grasp on what many employers are willing to pay — and so…
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Dow surges more than 800 points on the back of record oil profits
By Paul R. La Monica, CNN Business Stocks rallied heading into the weekend, despite lousy results from Amazon. Solid earnings from Apple and record…
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Inflation data shows US prices were still uncomfortably high last month
By Alicia Wallace, CNN Business A new batch of inflation data released Friday showed that while prices remained uncomfortably high in September, a…
Continue ReadingExxonMobil posts another record profit as oil prices remain high
By Chris Isidore, CNN Business America’s largest oil company ExxonMobil set a profit record for the second-straight quarter as oil and gas…
Continue ReadingThe Fed is killing the housing market
By 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 ReadingThe Fed is killing the housing market
By 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…
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300 business groups call on Biden to intervene in rail unions contract vote
By Vanessa Yurkevich, CNN Three hundred business groups are calling on President Joe Biden to intervene in the ratification of the national tentative…
Continue ReadingFord’s beloved little Fiesta is going away, at least for now
By Peter Valdes-Dapena, CNN Business The Ford Fiesta, a hugely popular little hatchback in much of the world, will soon no longer appear in…
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As prices soar, consumers turn to McDonald’s
By Danielle Wiener-Bronner, CNN Business Inflation is relentlessly high and food prices in particular are soaring. In this environment, customers are…
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New York Post says ‘vile and reprehensible’ tweets result of rogue employee
By Oliver Darcy, CNN Business The New York Post said that a series of vulgar and racist tweets and headlines published Thursday morning were the…
Continue Reading New York Post says ‘vile and reprehensible’ tweets result of rogue employee
By Oliver Darcy, CNN Business The New York Post said that a series of vulgar and racist tweets and headlines published Thursday morning were the…
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Fetterman slams Big Oil for surging profits and failure to invest in new supply
By Matt Egan Democrat John Fetterman scolded the oil industry on Thursday for reaping massive profits and argued companies are rewarding shareholders…
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Don’t expect the bounce-back in the US economy to quiet recession calls
By Christine Romans, CNN Business Don’t expect the bounce-back in the US economy in the third quarter to quiet the chorus of recession calls.…
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A guaranteed way to beat inflation temporarily crashed a Treasury website
By Jeanne Sahadi, CNN Business The demand to buy US Series I savings bonds this week has been so great that it temporarily crashed the Treasury web…
Continue ReadingRivian owners can’t help but gush about their trucks, flaws and all
By Matt McFarland, CNN Business Denis Wang says he always hated the car-buying process — until he met Rivian. Buying the automaker’s R1T…
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Mortgage rates top 7% for the first time since 2002
By 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…
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The US economy bounced back last quarter after shrinking in the first half of the year
By Alicia Wallace, CNN Business The US economy grew last quarter, bouncing back after shrinking in the first half of the year — but there are…
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European Central Bank raises rates by three quarters of a point and promises more to come
By Hanna Ziady, CNN Business The European Central Bank hiked interest rates by three quarters of a percentage point on Thursday, promising further…
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Miss USA program under investigation after contestants claim pageant was rigged
By Amanda Musa and Jennifer Henderson, CNN The Miss Universe Organization has suspended Miss USA President Crystle Stewart and her company, Miss…
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Peloton tells members it will no longer use Kanye West’s music in new classes
By Jordan Valinsky, CNN Business Peloton has “indefinitely paused” playing Kanye West’s music from its streaming workout classes.…
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First on CNN: Senate Democrat warns Fed it’s ‘foolish’ to keep lifting interest rates
By Matt Egan, CNN Business Colorado Sen. John Hickenlooper is pleading with the Federal Reserve to pause its relentless attack on crushing inflation…
Continue ReadingPrince Harry’s long-awaited memoir, ‘Spare,’ set for January release
By Rob Picheta, Lauren Said-Moorhouse, Max Foster and Lauren Kent, CNN Prince Harry’s highly anticipated memoir will be entitled…
Continue ReadingThe peak in global fossil fuel emissions is just around the corner
By Anna Cooban, CNN Business Global fossil fuel emissions are expected to peak in 2025 as countries commit huge sums of money toward low-carbon…
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Shell announces $4 billion share buyback as profits double
By Hanna Ziady, CNN Business Shell will buy back $4 billion worth of shares and increase its dividend by 15% after posting another gigantic quarterly…
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Big Tech can’t save your investments
By Nicole Goodkind, CNN Business Tech stocks are taking a beating this week as they prove less resilient to the economic downturn than investors had…
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