More rate hikes are needed, says Fed’s Mary Daly
By Nicole Goodkind, CNN Business Federal Reserve policymakers will need to raise interest rates higher and keep them there longer to tackle the…
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CNN anchor Kasie Hunt gives birth in surprise 13-minute labor
By Nicole Goodkind, CNN CNN anchor and chief national affairs analyst Kasie Hunt and husband Matthew Mario Rivera welcomed their second child to the…
Continue ReadingIt’s Hell Week on Wall Street
By Nicole Goodkind, CNN Wall Street investors are gearing up for their version of Hell Week — a torrent of jobs data coming over the next few days…
Continue ReadingChina to increase defense spending 7.2%, sets economic growth target of ‘around 5%’ for 2023
By Laura He, Simone McCarthy and Wayne Chang, CNN China has set an official economic growth target of “around 5%” for 2023, as it seeks…
Continue ReadingTesla recalls almost 3,500 Model Y cars for loose bolts
By Ramishah Maruf, CNN Tesla is recalling 3,470 2022-2023 Model Y cars due to bolts in the second-row seat back frames not being secured properly. An…
Continue ReadingProsecutors want Sam Bankman-Fried to use a flip phone as part of a more restrictive bail package
By Kara Scannell, CNN The use of a flip phone, or some non-smartphone, is one of several restrictions that prosecutors and Sam Bankman-Fried’s…
Continue ReadingBoeing CEO Calhoun just missed out on a $7 million bonus. But he still got a raise
By Chris Isidore, CNN Boeing CEO David Calhoun missed out on a $7 million bonus last year, but still got a raise. Boeing’s proxy filing Friday…
Continue ReadingDespite toxic disaster, railroads still want single-person crews
By Chris Isidore, CNN The nation’s major freight railroads have long desired to have only one crew member, a lone engineer, in the cab of their…
Continue ReadingWhy the ‘zip-a-dee-doo-dah’ lyric is so controversial — and why Disneyland has removed it
By Jordan Valinsky and Natasha Chen, CNN Disneyland has removed the “zip-a-dee-doo-dah” lyric played during its park parades because it…
Continue ReadingWalgreens will not distribute abortion pill in 20 states
By Nathaniel Meyersohn and Carma Hassan, CNN Walgreens on Friday said it will not distribute abortion medication in 20 states, bowing to pressure…
Continue ReadingWalgreens will not distribute abortion pill in 20 states
By Nathaniel Meyersohn and Carma Hassan, CNN Walgreens on Friday said it will not distribute abortion medication in 20 states, bowing to pressure…
Continue ReadingRussia may run out of money in 2024, says oligarch
By Olesya Dmitracova, CNN Russia could find itself with no money as soon as next year and needs foreign investment, outspoken Russian oligarch Oleg…
Continue ReadingCFPB: What it does and why its future is in question
By Jeanne Sahadi, CNN The US Supreme Court decided this week to hear a case that will consider the constitutionality of funding for the Consumer…
Continue ReadingThe car of the future? Ford applies for patent on car that can automatically repossess itself
By Peter Valdes-Dapena, CNN Ford has some interesting ideas on what self-driving cars might soon be able to do. Besides freeing us from the tedium of…
Continue ReadingGirl Scouts’ sold-out cookie is available on eBay. The Scouts are not pleased
By Danielle Wiener-Bronner, CNN Business The Raspberry Rally Girl Scouts cookie, a raspberry-flavored version of the beloved Thin Mint, was always…
Continue ReadingRussia may run out of money in 2024, says oligarch
By Olesya Dmitracova, CNN Russia could find itself with no money as soon as next year and needs foreign investment, outspoken Russian oligarch Oleg…
Continue ReadingA takeover battle for the future of K-pop is heating up
By Michelle Toh and Gawon Bae, CNN Kakao, one of South Korea’s top internet giants, has doubled down on its quest to take control of SM…
Continue ReadingBTS mastermind on HYBE-SM deal: We’re not ‘trying to take over the whole industry’
By Michelle Toh and Richard Quest, CNN The billionaire mastermind behind some of the world’s biggest K-pop stars is pushing back on accusations…
Continue ReadingAdani shares soar as US investor steps in
By Anna Cooban, CNN Shares in some of Indian billionaire Gautam Adani’s companies soared Friday after a US private equity firm agreed to invest…
Continue ReadingNorfolk Southern CEO sells stock and sets up scholarship fund for East Palestine
By Chris Isidore, CNN Norfolk Southern CEO Alan Shaw sold $448,000 worth of the company’s stock this week, a month after the toxic train…
Continue ReadingNigeria’s chaotic banknote switch ruled invalid by top court
By Nimi Princewill and Stephanie Busari, CNN Nigeria’s botched attempt to replace its banknotes has been declared invalid by the…
Continue ReadingAlmost all S&P 500 companies reported earnings. The results aren’t great
By Nicole Goodkind, CNN About 99% of all S&P 500 companies have reported their fourth quarter earnings and the results, particularly for tech…
Continue ReadingHow the market has changed in the 20+ years I’ve covered it
By Paul R. La Monica, CNN There have been a LOT of changes on Wall Street since I first joined CNN in November 2001. The Dow was trading just below…
Continue ReadingUS adds Chinese genetics firms to trade blacklist over surveillance allegations
By Philip Wang and Kathleen Magramo, CNN The United States on Thursday added two subsidiaries of Chinese genetics company BGI to a trade blacklist…
Continue ReadingFord F-150 Lightning electric truck production to restart March 13
By Peter Valdes-Dapena, CNN Business Following an issue with a battery fire during testing, Ford will restart production of its popular F-150…
Continue ReadingExxonMobil sued after a Black employee allegedly discovered a noose at work. It was the fifth at the same facility
By David Goldman, CNN Exxon was aware of multiple complaints of hangman’s nooses on display at its Baton Rouge, Louisiana, complex, but the oil…
Continue ReadingNTSB: FedEx plane was only 150 feet off ground when disaster was averted
By Chris Isidore, CNN A FedEx plane was only about 150 feet off the ground when its pilots realized a Southwest jet was in the process of taking off…
Continue ReadingDOJ 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…
Continue ReadingDOJ 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…
Continue ReadingMortgage 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,…
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