Ford to lose $3 billion from EV sales to consumers this year
By Chris Isidore, CNN Ford said it will lose $3 billion on its sales of electric vehicles to consumers this year, but it still expects to hit the…
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Five big takeaways from the Fed’s extraordinary meeting
By Nicole Goodkind, CNN The Federal Reserve raised interest rates by a quarter percentage point on Wednesday as it attempts to fight stubbornly high…
Continue ReadingFive big takeaways from the Fed’s extraordinary meeting
By Nicole Goodkind, CNN The Federal Reserve raised interest rates by a quarter percentage point on Wednesday as it attempts to fight stubbornly high…
Continue ReadingBank of England hikes interest rates again following inflation shock
By Hanna Ziady, CNN The Bank of England hiked interest rates by a quarter of a percentage point Thursday, extending its long-running fight to rein in…
Continue ReadingSwiss central bank says crisis halted as it hikes interest rates
By Mark Thompson, CNN Switzerland’s banking crisis has been halted, the country’s central bank said Thursday as it hiked interest rates…
Continue ReadingFrench airports, schools and oil refineries hit by national strike over pension age increase
By Dalal Mawad, Aurore Laborie, Oliver Briscoe and Joshua Berlinger, CNN French transport networks, oil refineries and schools were hit by widespread…
Continue ReadingEvergrande Group announces long-awaited debt restructuring deal after 2021 collapse
By Laura He, CNN China’s Evergrande Group, whose collapse in 2021 sparked China’s worst property market crisis on record, has unveiled a…
Continue ReadingEvergrande Group announces long-awaited debt restructuring deal after 2021 collapse
By Laura He, CNN China’s Evergrande Group, whose collapse in 2021 sparked China’s worst property market crisis on record, has unveiled a…
Continue ReadingFed official: People ‘hate’ inflation. That trumps bank stress and job loss
By Matt Egan, CNN The Federal Reserve faced a particularly vexing decision this week: Should it raise interest rates during a bank crisis? For Tom…
Continue ReadingGlobal markets mixed after US Fed raises rates by a quarter-point
By Juliana Liu and Anna Cooban, CNN European and Asian markets were mixed during Thursday trade as investors digested the decision by the US Federal…
Continue ReadingStartup’s 3D-printed rocket delivers stunning night launch but fails to reach orbit
By Jackie Wattles, CNN Startup Relativity Space sent what it’s calling the “world’s first 3D-printed rocket” toward space on…
Continue ReadingHow TikTok’s CEO prepared for his first grilling on Capitol Hill
By Oliver Darcy, CNN Shou Zi Chew is getting ready for his inaugural trip to Congress. The TikTok chief executive has, for the last week,…
Continue ReadingHow TikTok’s CEO prepared for his first grilling on Capitol Hill
By Oliver Darcy, CNN Shou Zi Chew is getting ready for his inaugural trip to Congress. The TikTok chief executive has, for the last week,…
Continue ReadingThe Fed’s favorite inflation measure cooled in February
By Alicia Wallace, CNN The Federal Reserve’s preferred inflation gauge cooled back down in February after ticking up unexpectedly the month…
Continue ReadingJamie Dimon and other big bank CEOs met with top Biden economist Lael Brainard
By Matt Egan, CNN Lael Brainard, President Joe Biden’s top economic adviser, met with JPMorgan Chase CEO Jamie Dimon and other leading Wall…
Continue ReadingHow the banking crisis clipped the hawkish Fed’s wings
By Allison Morrow, CNN In congressional testimony earlier this month, Fed Chairman Jerome Powell told lawmakers that the central bank would likely…
Continue ReadingLindsay Lohan, Jake Paul and other celebrities charged $400,000 for violating disclosure rules
By David Goldman, CNN The Securities and Exchange Commission on Wednesday charged Lindsay Lohan, Jake Paul and several other celebrities with failing…
Continue ReadingWhat to do with your money now that the Fed just raised rates for the ninth time
By Jeanne Sahadi, CNN After two weeks of banking turmoil, the Federal Reserve on Wednesday continued its bid to beat down inflation by raising its…
Continue ReadingJob-listing company Indeed to lay off 2,200 employees
By Dayun Park Job listing website Indeed.com will cut approximately 2,200 employees, representing almost 15% of its total workforce, the company…
Continue ReadingThe Fed lifts rates by a quarter point as banking turmoil complicates inflation fight
By Nicole Goodkind, CNN The Federal Reserve raised interest rates by a quarter point on Wednesday as it attempts to fight stubbornly high inflation…
Continue ReadingThe Fed lifts rates by a quarter point as banking turmoil complicates inflation fight
By Nicole Goodkind, CNN The Federal Reserve raised interest rates by a quarter point on Wednesday as it attempts to fight stubbornly high inflation…
Continue ReadingWhy some lawmakers want to raise the FDIC insurance limit for your savings
By Ramishah Maruf, CNN Right now, $250,000 seems to be the number on everyone’s minds. That’s the Federal Deposit Insurance…
Continue ReadingDirecTV and Newsmax end ugly dispute as the satellite carrier strikes deal to resume broadcasting the right-wing channel
By Oliver Darcy, CNN Business DirecTV said Wednesday that it has reached a multi-year distribution agreement with Newsmax, putting to end a bitter…
Continue ReadingLawmakers and union tell Norfolk Southern CEO that railroads’ voluntary safety plans aren’t enough
By Chris Isidore, CNN Norfolk Southern CEO Alan Shaw returned to Capitol Hill Wednesday facing pressure to support rail safety legislation proposed…
Continue ReadingWall Street is thirsty for its next big investment opportunity: The West’s vanishing water
By Lucy Kafanov, CNN Situated in the Sonoran Desert near the Arizona-California border is the tiny rural town of Cibola — home to roughly 300…
Continue ReadingWall Street is thirsty for its next big investment opportunity: The West’s vanishing water
By Lucy Kafanov, CNN Situated in the Sonoran Desert near the Arizona-California border is the tiny rural town of Cibola — home to roughly 300…
Continue ReadingGrindr partners with free HIV test program
By Jordan Valinsky, CNN Business Grindr, the popular LGBTQ+ dating app, is partnering with a program distributing free at-home HIV tests as part of a…
Continue ReadingJudge may force Rupert Murdoch to testify in Dominion defamation case
By Marshall Cohen, CNN The judge in the Dominion Voting Systems’ defamation case against Fox News signaled his interest Wednesday in the duty…
Continue ReadingAfter bank failures, Elizabeth Warren demands Fed crackdown on large regional banks
By Matt Egan, CNN Senator Elizabeth Warren is cranking up the pressure on the Federal Reserve following the collapse of Silicon Valley Bank. In a new…
Continue ReadingAfter bank failures, Elizabeth Warren demands Fed crackdown on large regional banks
By Matt Egan, CNN Senator Elizabeth Warren is cranking up the pressure on the Federal Reserve following the collapse of Silicon Valley Bank. In a new…
Continue ReadingThe banking meltdown may have done the Fed’s work for it
By Nicole Goodkind, CNN Federal Reserve officials have a difficult path ahead of them. They still have work to do to bring inflation down, but their…
Continue ReadingThe banking meltdown may have done the Fed’s work for it
By Nicole Goodkind, CNN Federal Reserve officials have a difficult path ahead of them. They still have work to do to bring inflation down, but their…
Continue ReadingKhalistan: The outlawed Sikh separatist movement that has Indian authorities on edge
By Rhea Mogul, CNN A colossal police hunt for a Sikh separatist who has revived calls for an independent homeland in India’s Punjab state has…
Continue ReadingUK inflation rises to 10.4% as food prices soar
By Olesya Dmitracova and Hanna Ziady, CNN UK consumer prices jumped by 10.4% in February compared with a year ago, as food inflation hit its highest…
Continue ReadingAsia Pacific shares join US gains as investors await key Fed decision
By Juliana Liu, CNN Asia Pacific shares opened higher on Wednesday, tracking US gains, as investors awaited the US Federal Reserve’s next…
Continue ReadingUS companies including Netflix and Boeing join ‘biggest’ business mission to Vietnam
By Michelle Toh, CNN Dozens of American companies are in Vietnam this week in hopes of pushing further into the fast-growing Southeast Asian economy,…
Continue ReadingLab-grown chicken is one step closer to being sold in the US
By Danielle Wiener-Bronner, CNN Americans are one step closer to being able to buy chicken grown from animal cells, also known as lab-grown meat.…
Continue ReadingFox News producer files explosive lawsuits against the network, alleging she was coerced into providing misleading Dominion testimony
By Oliver Darcy, CNN A Fox News producer on Monday filed a pair of explosive lawsuits against the right-wing talk channel, alleging that the…
Continue ReadingHome prices just broke a decade-long streak
By Anna Bahney, CNN The median price of a US home was lower this February than it was in February 2022, ending more than a decade of year-over-year…
Continue ReadingFrom groceries to clothes, inflation-weary Americans flock to cheaper products online
By Matt Egan, CNN Nearly two years of high inflation has caused many consumers to say goodbye to premium goods in favor of cheaper alternatives. New…
Continue ReadingJPMorgan is advising First Republic on another potential lifeline, sources say
By Matt Egan, CNN JPMorgan Chase’s investment bank has been hired to advise First Republic as the embattled regional bank tries to ease…
Continue ReadingCredit Suisse’s gold bars, hats and bags are cropping up in online stores
By Anna Cooban, CNN Hats, bags and gold bars emblazoned with Credit Suisse’s logo are being sold on resale sites, having popped up mere hours…
Continue ReadingJudge in Dominion defamation case skeptical of Fox’s arguments, as both sides seek a pretrial win
By Marshall Cohen Lawyers for Dominion Voting Systems argued Tuesday that its defamation case against Fox News is so strong that a trial isn’t…
Continue ReadingJanet Yellen: Further rescues of depositors could be needed if smaller lenders suffer bank runs
By Matt Egan, CNN The federal government could once again come to the rescue of uninsured bank depositors if smaller lenders suffer bank runs like…
Continue ReadingFive questions for the Federal Reserve as the banking crisis drags on
By Nicole Goodkind, CNN The Federal Reserve has a lot of balls in the air: Central bank officials are attempting to juggle their economic goals of…
Continue ReadingBed Bath & Beyond is closing hundreds of stores. But they won’t be empty for long
By Nathaniel Meyersohn, CNN Bed Bath & Beyond is stripping down its big blue signs, clearing out aisles of linens and closing 400 stores as it…
Continue ReadingFox News producer files explosive lawsuits against the network, alleging she was coerced into providing misleading Dominion testimony
By Oliver Darcy, CNN A Fox News producer on Monday filed a pair of explosive lawsuits against the right-wing talk channel, alleging that the…
Continue ReadingGlobal stocks rise as investor worries about banking turmoil ease
By Michelle Toh and Anna Cooban, CNN Stocks around the world rose Tuesday as concerns about the global banking sector eased in response to a…
Continue ReadingGlobal stocks rise as investor worries about banking turmoil ease
By Michelle Toh and Anna Cooban, CNN Stocks around the world rose Tuesday as concerns about the global banking sector eased in response to a…
Continue ReadingSri Lanka agrees $3 billion IMF loan in boost for crisis-hit economy
By Mitchell McCluskey and Rhea Mogul, CNN Sri Lanka on Monday secured a much-anticipated loan of about $3 billion from the International Monetary…
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