DOJ launches new effort to target corporate sanctions evasion
By Hannah Rabinowitz, CNN Deputy Attorney General Lisa Monaco announced a new effort by the Justice Department on Thursday to target corporate…
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Mortgage rates rise for the fourth week in a row
By Anna Bahney, CNN Mortgage rates shot up for the fourth consecutive week, as inflation concerns remain. The 30-year fixed-rate mortgage averaged…
Continue Reading#BoycottHersheys spreads on Twitter over Women’s Day campaign
By Danielle Wiener-Bronner, CNN Calls to boycott Hershey are spreading on Twitter in response to the chocolate company’s International…
Continue ReadingTarget, Macy’s and Best Buy see consumers cut back, search for discounts
By Nathaniel Meyersohn, CNN Big retailers say consumer demand is starting to buckle from the strain of inflation and customers are making changes in…
Continue ReadingSilvergate Capital shares plunge as bank reveals doubts about its viability
By Allison Morrow, CNN Silvergate Capital, a dominant lender to cryptocurrency firms, is spiraling. The bank’s shares fell more than 55%…
Continue ReadingElizabeth Holmes wants to delay her prison sentence after giving birth to her second child
By Jordan Valinsky, CNN Business Elizabeth Holmes, the former CEO of Theranos convicted of defrauding investors, is seeking to delay the start of her…
Continue ReadingThe gulf between Black homeowners and White is actually getting bigger, not smaller
By Anna Bahney, CNN While more Americans own homes today than a decade ago and the rate is increasing across all races, the gap between Black…
Continue ReadingThe US dollar is at a crossroads
By Nicole Goodkind, CNN Wall Street investors are reaching for their neck braces in preparation for yet another volatile swing in stock markets: A…
Continue ReadingThe devil’s in the details in Europe’s troubling inflation data
By Julia Horowitz, CNN Inflation in Europe fell again in February, though not as sharply as expected, and national data showed accelerating price…
Continue ReadingOne of China’s richest women takes over for her father at real estate developer Country Garden
By Laura He, CNN One of China’s richest women has fully taken over Country Garden, a top real estate developer, after her father resigned,…
Continue ReadingGrand test for Indian diplomacy as American, Chinese and Russian ministers meet in Delhi
By Rhea Mogul and Vedika Sud, CNN Foreign ministers from the world’s biggest economies convened in New Delhi Thursday in what was seen as a…
Continue ReadingStarbucks displayed ‘egregious and widespread misconduct’ in union fight, judge says
By Danielle Wiener-Bronner, CNN Starbucks has displayed “egregious and widespread misconduct” in its dealings with employees involved in…
Continue ReadingTesla to build next plant in Mexico
By Chris Isidore, CNN Tesla’s next vehicle assembly plant will be in Mexico near Monterrey, CEO Elon Musk announced Wednesday.…
Continue ReadingGas surcharges have ended. But not everyone is happy
By Nathaniel Meyersohn, CNN Amazon, Uber and Lyft recently ended extra fuel surcharges as gas prices dropped late last year. But there’s a…
Continue ReadingThe US gender pay gap: Why it hasn’t narrowed much in 20 years
By Jeanne Sahadi, CNN A lot can change in two decades. Or… not. In 2022, US women on average earned about 82 cents for every dollar a man…
Continue ReadingThe US gender pay gap: Why it hasn’t narrowed much in 20 years
By Jeanne Sahadi, CNN A lot can change in two decades. Or… not. In 2022, US women on average earned about 82 cents for every dollar a man…
Continue ReadingPaul Ryan grilled for remaining on Fox board of directors amid election fraud revelations
By Oliver Darcy, CNN Business Former House Speaker Paul Ryan was grilled last week over his decision to remain on the board of directors of Fox…
Continue ReadingMortgage applications drop to 28-year low as rates climb
By Anna Bahney, CNN Applications for a mortgage fell for the third week in a row and now sit at a 28-year low for the second-straight week, according…
Continue ReadingRivian shares plunge again on weak sales, outlook
By Chris Isidore, CNN Shares of upstart EV maker Rivian plunged more than 16% Wednesday after ithe company reported disappointing revenue and gave…
Continue ReadingCovid vaccine maker Novavax says it may not survive
By Paul R. La Monica, CNN Novavax, which makes the Nuvaxovid vaccine used to treat Covid-19, posted huge sales gains for the past three years during…
Continue ReadingGM cutting hundreds of white collar jobs
By Chris Isidore and Peter Valdes-Dapena, CNN General Motors is cutting an unspecified number of white-collar jobs globally, part of its announced…
Continue ReadingThe 5 airplane near crashes under investigation
By Gregory Wallace, Pete Muntean and Jordan Valinsky, CNN Phil Washington, the White House’s pick to lead the Federal Aviation Administration,…
Continue ReadingKohl’s had a rough holiday
By Nathaniel Meyersohn, CNN As consumers pulled back on their holiday spending amid biting inflation, it seems that Kohl’s dropped off many…
Continue ReadingThe owner of Insider and Politico tells journalists: AI is coming for your jobs
By Anna Cooban, CNN One of Europe’s biggest media groups has warned journalists that artificial intelligence (AI) could steal their jobs, and…
Continue ReadingFox executives should be fired for ‘proven misconduct’ exposed in Dominion lawsuit, renowned Yale professor says
By Oliver Darcy, CNN Business The Fox Corporation board has a huge mess on its hands — and it needs to work quickly to clean it up. That’s…
Continue ReadingPaul Ryan grilled for remaining on Fox board of directors amid election fraud revelations
By Oliver Darcy, CNN Business Former House Speaker Paul Ryan was grilled last week over his decision to remain on the board of directors of Fox…
Continue ReadingExclusive: High Noon, the top-selling canned cocktail, is expanding beyond vodka
By Jordan Valinsky, CNN Business As sales of canned cocktails and of tequila soar, High Noon is looking to capitalize on that combo. The top-selling…
Continue ReadingKFC is bringing back a fan favorite after a nearly 10-year hiatus
By Jordan Valinsky, CNN Kentucky Fried Chicken is bringing back a legend after a nearly a decade. The “KFC Double Down” is coming back…
Continue ReadingMeme stocks have revolutionized investor days
By Nicole Goodkind, CNN The next generation of traders has blown the doors off an elitist Wall Street ritual, with Goldman Sachs, Chevron and Tesla…
Continue ReadingUK house prices post sharpest fall since 2012 as high mortgage rates hurt
By Hanna Ziady, CNN UK house prices last month saw their biggest annual decline since November 2012, in the latest sign of the lasting pain that the…
Continue ReadingA mysterious fleet is helping Russia ship oil around the world. And it’s growing
By Julia Horowitz, CNN Russian oil is still finding its way to buyers around the world. But even those who spend their days tracking its movement…
Continue ReadingA mysterious fleet is helping Russia ship oil around the world. And it’s growing
By Julia Horowitz, CNN Russian oil is still finding its way to buyers around the world. But even those who spend their days tracking its movement…
Continue ReadingMeet the 4 men tapped to run China’s economy
By Laura He, CNN The team of Communist Party officials running China’s economy is about to get a major makeover. Party elites have just…
Continue ReadingNestlé to close factory, office in Myanmar
By Heather Chen, CNN Nestlé has announced that it will close its sole factory and head office in Yangon, Myanmar’s largest city, as it…
Continue ReadingChina’s factories just had their best month in nearly 11 years as economy rebounds after reopening
By Laura He, CNN China’s factory activity has expanded at the fastest pace in more than a decade, as the world’s second largest economy…
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Nissan recalling more than 700,000 SUVs that can accidentally shut off while driving
By Peter Valdes-Dapena, CNN Business Nissan is recalling more than 700,000 Rogue and Rogue Sport compact SUVs because they can be shut off…
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Former director of engineering at FTX Nishad Singh pleads guilty to criminal charges
By Kara Scannell, CNN A former top executive of failed cryptocurrency trading platform FTX pleaded guilty and is cooperating with federal prosecutors…
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Fox faces an ‘existential threat’ from its multibillion-dollar defamation cases
By Allison Morrow, CNN Fox Chairman Rupert Murdoch said under oath that he made a business decision when allowing a conspiracy theorist to promote…
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Americans have changed the way they exercise. Here’s how gyms are adapting
By Nathaniel Meyersohn, CNN Planning to hit the gym during rush hour? You’ll have much better luck finding an open elliptical machine than a…
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Tesla, tech and travel stocks have ginormous gains this year
By Paul R. La Monica, CNN Last year’s stock market zeroes are so far turning out to be this year’s Wall Street heroes. The best performer…
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US home prices fell in December for the sixth-straight month
By Anna Bahney, CNN US home prices fell for the sixth month in a row in December, as rising mortgage rates pushed prospective buyers out of the…
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UK grocery price inflation hits record high as more stores impose rationing
By Anna Cooban, CNN A measure of UK grocery price inflation soared to a record high this month — that’s more bad news for consumers already…
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Consumer confidence slumped in February amid recession concerns
By Alicia Wallace, CNN American consumers felt much worse about the US economy in February amid rising interest rates and concerns about a potential…
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Entenmann’s is bringing back its ‘iconic’ packaging
By Jordan Valinsky, CNN Baked goods company Entenmann’s is bringing back its cellophane window packaging after a two-year absence caused by…
Continue ReadingBad sign for stocks: Bond yields are white hot again
By Nicole Goodkind, CNN 2022 was the worst year on record for bonds. Despite a promising start, 2023 is starting to look rough, too. The recent…
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Discounts led Target to a surprising comeback
By Jordan Valinsky, CNN Target’s decision to cut prices to boost sales has paid off. The retailer’s holiday-quarter sales at stores open…
Continue ReadingSouth Korean diplomats dance into Indian hearts in ‘Naatu Naatu’ viral video
By Rhea Mogul, CNN Dancing South Korean diplomats have won the hearts of millions of Indians with their viral video performance of Oscar-nominated…
Continue ReadingFox Chairman Rupert Murdoch rejected election conspiracy theories, Dominion lawsuit documents show
By Oliver Darcy, Jon Passantino, Marshall Cohen, Nicki Brown, Kate Trafecante, Anna Bahney and Jeanne Sahadi, CNN A trove of text messages, emails,…
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Rupert Murdoch acknowledged that Fox News hosts endorsed false stolen election claims
By Oliver Darcy and Jon Passantino, CNN Rupert Murdoch, the chairman of Fox Corporation, acknowledged in a deposition taken by Dominion Voting…
Continue Reading Rupert Murdoch acknowledged that Fox News hosts endorsed false stolen election claims
By Oliver Darcy, CNN Rupert Murdoch, the chairman of Fox Corporation, acknowledged in a deposition taken by Dominion Voting Systems that some Fox…
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