Key US bond yield hits highest level since June 2008
By Paul R. La Monica, CNN Business More bad news for anyone looking to buy a home: The benchmark 10-year Treasury bond yield rose to about 4.23%…
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By Paul R. La Monica, CNN Business More bad news for anyone looking to buy a home: The benchmark 10-year Treasury bond yield rose to about 4.23%…
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By Anna Bahney, CNN Business Mortgage rates rose again this week, stopping just short of the 7% mark. The 30-year fixed-rate mortgage averaged 6.94%…
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By Chris Isidore, CNN Business American Airlines expanded on its plan to drop first-class seats on its international flights and replace them with…
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By Anna Bahney, CNN Business Home sales in the US declined for the eighth month in a row in September as surging mortgage rates and high prices…
Continue ReadingBy 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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By Julia Horowitz, CNN Business Twelve days from now, the Federal Reserve will meet again, and expectations for the central bank’s next moves…
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By Jordan Valinsky, CNN Business Barilla can’t avoid a class-action lawsuit over allegedly deceptive advertising about the pasta’s…
Continue ReadingBy Jordan Valinsky, CNN Business For any company that’s been around for a century, it can be hard to keep the brand fresh. Wonder Bread hopes…
Continue ReadingBy Laura He, CNN Business Chinese stocks have hit multi-year lows in New York and Hong Kong amid growing concerns about China’s rising Covid…
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By Laura He, CNN Business Chinese stocks have hit multi-year lows in New York and Hong Kong amid growing concerns about China’s rising Covid…
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By Chris Isidore, CNN Business It’s not at all clear if President Joe Biden’s latest announcement that he’s releasing oil from the…
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By Chris Isidore, CNN Business Tesla posted a solid quarter of earnings and record revenue, but now says it will fall short of its target for a 50%…
Continue Readingby Devon M. Sayers Girl Scouts of the USA received its largest ever donation from a single individual, a gift of $84.5 million from MacKenzie Scott,…
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By Jeanne Sahadi, CNN Business There’s really nothing nice to say about inflation when it comes to your bottom line. It’s hard on your…
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By Alicia Wallace, CNN Business Economic factors, not just lockdown-induced forced proximity, played a key role in last year’s “baby…
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By Jeanne Sahadi, CNN Business Inflation may be pushing prices up, but it also may help push up your take-home pay starting next year. Thanks to…
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By Jeanne Sahadi, CNN Business Inflation may be pushing prices up, but it also may help push up your take-home pay starting next year. Thanks to…
Continue ReadingBy Nathaniel Meyersohn, CNN Business The proposed $25 billion Kroger-Albertsons grocery giant merger is already running into significant opposition…
Continue ReadingBy Matt McFarland, CNN Business Waymo, the robotaxi provider of Google’s parent company Alphabet, said Wednesday that it will expand its…
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By Jordan Valinsky, CNN Business Nestlé is issuing a voluntary recall for its refrigerated, ready-to-bake Nestlé Toll House Stuffed Chocolate Chip…
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By Anna Bahney, CNN Home building pulled back in September, as buyers faced spiking mortgage rates that have made homes increasingly unaffordable.…
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By Angela Dewan, CNN Finally, some good news in the battle against greenhouse gasses: Carbon dioxide (CO2) emissions from the burning of fossil fuels…
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By Paul R. La Monica, CNN Business October 19, 1987. A brief but violent stock market crash. Can it happen again? Probably not. The Dow plummeted…
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By Paul R. La Monica, CNN Business October may be famous for historically horrifying stock market crashes like the ones in 1929, 1987 and 2008. But…
Continue ReadingBy Hanna Ziady, CNN Business Rising food and energy costs drove UK inflation back to a 40-year high in September, but it could be nearing a peak as…
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By Michelle Toh, CNN Business Hong Kong wants international firms to know it means business. The city’s leader, Chief Executive John Lee,…
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By Rhea Mogul, CNN He has about 2,500 kilometers to go until his journey is complete. But the great-grandson of India’s first prime minister…
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By Frank Pallotta, CNN Business The NFL is expanding its hold on Thanksgiving weekend and building its relationship with Amazon and the world of…
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By Matt Egan and Phil Mattingly, CNN Presidents don’t have magic wands to make inflation disappear. But they do have a powerful tool that can…
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By Peter Valdes-Dapena, CNN Business Foxconn, the Taiwanese company best known for building Apple’s iPhones, recently showed off two new…
Continue ReadingBy Frank Pallotta, CNN Business After two quarters of bleeding subscribers, Netflix appears to be back on track — in a big way. The streaming…
Continue ReadingBy Matt McFarland, CNN Business Gas stations with convenience stores seem like an obvious location for electric vehicle chargers. Drivers could grab…
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By Vanessa Yurkevich, CNN Florida farmers and ranchers lost up to $1.56 billion in crops, livestock, and nursery and aquaculture products due to the…
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By Hanna Ziady and Joseph Ataman, CNN Business Only about half the trains on regional and intercity lines were running Tuesday in France and Eurostar…
Continue ReadingBy Jordan Valinsky, CNN Business Pizza Hut is getting more personal beyond its personal pan pizzas. For customers who find ordering a whole pie…
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By Paul R. La Monica, CNN Business So much for Shocktober. Wall Street’s often scary month for stocks has suddenly turned into Rocktober. The…
Continue ReadingBy Peter Valdes-Dapena, CNN Business Rolls-Royce will start production of its first electric car next year. It has only two doors but is longer than…
Continue ReadingBy Peter Valdes-Dapena, CNN Business Rolls-Royce will start production of its first electric car next year. It has only two doors but is longer than…
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By Alicia Wallace, CNN Business Almost two-thirds of corporate economists believe the United States is already in a recession or will be within the…
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By Paul R. La Monica, CNN Business Goldman Sachs announced a major reorganization Tuesday as the Wall Street powerhouse grapples with market…
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By Paul R. La Monica, CNN Business The strong dollar has been a headwind for blue chip US companies in the Dow and S&P 500 this year.…
Continue ReadingBy Peter Valdes-Dapena, CNN Business General Motors’ venture capital arm has invested in a California startup that’s making imitation…
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By Matt Egan, CNN Business Stubborn inflation and the Federal Reserve’s jumbo-sized interest rate hikes will drive the American economy into a…
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By Jeanne Sahadi, CNN Business When it comes to getting promoted into management, men still have the advantage. And women who do ascend to leadership…
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By Laura He and CNN’s Beijing Bureau, CNN Business China has abruptly delayed the publication of key economic data, one day before its…
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By Laura He and CNN’s Beijing Bureau, CNN Business China has abruptly delayed the publication of key economic data, one day before its…
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By Jorge Engels, Luke McGee and Jessie Yeung, CNN British Prime Minister Liz Truss on Monday apologized for her controversial mini-budget that…
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By Michelle Toh, CNN Business Europe’s gas crisis will be “a catalyst” for Mercedes-Benz to push deeper into clean energy, says its…
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By Christian Edwards, CNN Wind and solar power have made up a record 24% of the European Union’s electricity mix since Russia launched its war…
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By David Goldman and Matt Egan, CNN Business A former executive at Donald Trump’s media company claims the former President retaliated against…
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