This tried-and-true investing strategy isn’t working
By Paul R. La Monica, CNN Business If you are getting closer to retirement age…or if you’re just a super conservative investor terrified…
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This tried-and-true investing strategy isn’t working
By Paul R. La Monica, CNN Business If you are getting closer to retirement age…or if you’re just a super conservative investor terrified…
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Mortgage rates climb above 5% once again
By Anna Bahney, CNN Business Mortgage rates climbed above 5% again, after dipping below that threshold for the first time in months a week earlier.…
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McDonald’s is starting to reopen in Ukraine
By Danielle Wiener-Bronner, CNN Business After closing its restaurants in Ukraine six months ago because of the Russian invasion, McDonald’s is…
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Gas prices tumble below $4 for the first time in months
By Anna Cooban and Matt Egan, CNN Drivers in the United States can breathe a small sigh of relief — average gas prices have dropped below $4 a…
Continue ReadingCost of back-to-school essentials — glue, markers, pens, backpacks — has jumped
By Parija Kavilanz, CNN Business As parents and teachers prepare for students to return to classrooms this fall, they’re grappling with how…
Continue ReadingOpinion: The Democrats’ sweeping economic package doesn’t go far enough for low-income families
Opinion by Mark Wolfe for CNN Business Perspectives The Inflation Reduction Act, the Democrats’ tax, climate and health care bill that the…
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This key inflation measure fell, but remains painfully high
Martha C. White for CNN Business A benchmark measure of inflation slowed in July after surging in the previous month, offering a glimmer of hope that…
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Moderna CEO says Covid vaccines will evolve like ‘an iPhone’
By Michelle Toh, CNN Business Forget taking two to three Covid shots a year. Moderna hopes to roll out a single-dose annual booster to cover the…
Continue Reading Moderna CEO says Covid vaccines will evolve like ‘an iPhone’
By Michelle Toh, CNN Business Forget taking two to three Covid shots a year. Moderna hopes to roll out a single-dose annual booster to cover the…
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Beyond oil, there’s not much to cheer about on inflation
By Nicole Goodkind, CNN Business Prices in the US stayed the same last month. That’s a cause for celebration: it’s the first time they…
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When will price increases end? Probably never
By Nicole Goodkind, CNN Business A dollar just isn’t worth what it used to be. At the grocery store, you’re getting about 11 cents less…
Continue Reading Gas prices tumble below $4 for the first time in months
By Anna Cooban and Matt Egan, CNN Drivers in the United States can breathe a small sigh of relief — average gas prices have dropped below $4 a…
Continue ReadingSoftBank is selling its crown jewels to ride out ‘severe market’
By Laura He, CNN Business SoftBank is set to gain more than $34 billion by cutting its stake in Alibaba, the crown jewel of its investment portfolio,…
Continue ReadingManhattan rents hit record high for the sixth month in a row
By Anna Bahney for CNN Business Rents in Manhattan have hit a record high for the sixth month in a row. Median rent for an apartment in Manhattan…
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Elon Musk’s antics may finally be catching up to him
By Allison Morrow, CNN Business It seems the Elon Musk mystique — whatever combination of wealth, carefully cultivated charm and A-plus lawyers…
Continue ReadingA $1,500 ‘option’ is now mandatory on GMC, Buick, and some Cadillac models
By Peter Valdes-Dapena, CNN Business General Motors is selling three years of OnStar service as a $1,500 “option” on all Buick and GMC…
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Disney+ is getting more expensive… unless you want ads
By Frank Pallotta, CNN Business Disney+ just got more expensive. Unless you’re willing to watch ads. The Disney+ new ad-supported subscription…
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Food prices are skyrocketing, and it’s not just because of inflation
By Danielle Wiener-Bronner, CNN Business Inflation may be slowing overall, but food prices are still sky-high. Over the last 12 months, grocery…
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Kohl’s has an inventory mess on its hands
By Parija Kavilanz, CNN Business Kohl’s can’t seem to catch a break, and it may have only itself to blame. The department store chain on…
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Media critic Margaret Sullivan to depart The Washington Post
By Oliver Darcy, CNN Business Media critic Margaret Sullivan is retiring her acclaimed column and leaving The Washington Post this month.…
Continue ReadingOpinion: It’s not just Equifax. The whole credit reporting system needs an overhaul
Opinion by Mike Litt for CNN Business Perspectives America’s credit reporting system is broken. We saw the latest evidence of this last week,…
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Price hikes took a breather in July, fueling hopes that inflation has peaked
Martha C. White for CNN Business Runaway inflation took a breather in July, with consumer prices increasing by 8.5% year over year, a slower pace…
Continue ReadingCoke’s latest bizarre flavor is here
By Danielle Wiener-Bronner, CNN Business Coca-Cola’s latest experimental, limited-time flavor is here. It’s called … wait for it…
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Warby Parker is slashing jobs as inflation takes a toll on fashion
By Parija Kavilanz, CNN Business Trendy eyewear brand Warby Parker is the latest in a string of retailers struggling to stay the course as a wobbly…
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Crypto is making a comeback
By Paul R. La Monica, CNN Business Is the crypto winter finally over? (And in the scorching heat of summer no less?) Bitcoin prices have stabilized…
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Elon Musk sells nearly 8 million Tesla shares
By Chris Isidore, CNN Business Tesla CEO Elon Musk sold 7.9 million shares of Tesla in recent days, raising $6.9 billion with the sales. The sales…
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Fox boss Lachlan Murdoch privately levels harsh criticism against Trump, sources say
By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
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Ford just raised the price of its electric F-150 by up to $8,500
By Peter Valdes-Dapena, CNN Business Ford on Thursday will once again begin taking orders for its popular F-150 Lightning electric pickup truck. But…
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Coinbase may have a savior in BlackRock, but crypto concerns remain
By Paul R. La Monica, CNN Business Crypto brokerage Coinbase has been hit hard by the meltdown in bitcoin prices this year. The stock has plunged 65%…
Continue ReadingOpinion: Americans are fed up with billionaires. Washington needs to get the wealthy to pay up
Opinion by Sarah Anderson and Rebekah Entralgo for CNN Business Perspectives Imagine if America’s ultra-wealthy invested the financial gains…
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Liz Cheney buys time on Fox News to air viral ad featuring her father condemning Trump
By Oliver Darcy, CNN Business Fox News viewers will this week see former Vice President Dick Cheney look into the camera and excoriate former…
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A third of Brits face poverty with energy bills set to hit $5,000
By Anna Cooban, CNN Business Nearly one third of households in the United Kingdom will face poverty this winter after paying energy bills that are…
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US consumers continue to spend, but rising inflation has shifted their priorities
Martha C. White for CNN Business With lower gas prices effectively putting more money back in their pockets, Americans continued to spend last month.…
Continue ReadingNew business taxes are coming. Wall Street isn’t worried
By Julia Horowitz, CNN Business The most powerful business lobby in the United States is not a fan of the landmark heath care and climate package…
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Good inflation news: Online shopping prices are suddenly falling fast
By Matt Egan, CNN Business The world of online shopping was long immune to inflation until Covid-19 turned everything upside down. E-commerce prices…
Continue Reading Good inflation news: Online shopping prices are suddenly falling fast
By Matt Egan, CNN Business The world of online shopping was long immune to inflation until Covid-19 turned everything upside down. E-commerce prices…
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Is inflation taking a summer vacation?
By Nicole Goodkind, CNN Business It’s August, and that means pretty much all of Wall Street is on vacation right now. The Fed has locked its…
Continue Reading Is inflation taking a summer vacation?
By Nicole Goodkind, CNN Business It’s August, and that means pretty much all of Wall Street is on vacation right now. The Fed has locked its…
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Shanghai factory upgrade slashed Tesla’s China sales last month
By Laura He, CNN Business Tesla’s sales of China-made vehicles plunged 64% in July from a month earlier, as the company’s ambitious…
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Steak’s off the table: Inflation-weary shoppers are switching to chicken
By Nathaniel Meyersohn, CNN Business Inflation-weary shoppers are pulling back on buying pricey steaks and switching to cheaper chicken at the…
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Gas prices have fallen. Here’s why inflation hasn’t
Martha C. White Gas prices have been trending downward for more than 50 consecutive days, giving drivers some much-needed financial relief at the…
Continue Reading Gas prices have fallen. Here’s why inflation hasn’t
Martha C. White Gas prices have been trending downward for more than 50 consecutive days, giving drivers some much-needed financial relief at the…
Continue ReadingToyota is offering to buy back an electric SUV because its wheels could fall off
By Peter Valdes-Dapena, CNN Business In June, Toyota issued a warning to owners of its BZ4X electric SUV that they should stop driving the vehicle…
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The meme stock craze is back: AMC, GameStop and Bed Bath & Beyond soar
By Paul R. La Monica, CNN Business Meme mania has returned to the stock market with a vengeance. Shares of movie theater chain AMC, video game…
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Mike Tyson slams Hulu’s new series about him: ‘They stole my life story’
By Frank Pallotta, CNN Business Mike Tyson is not happy about Hulu’s new scripted limited series about his life. The former heavyweight…
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Landmark climate and health care bill won’t crush corporate profits, Goldman Sachs says
By Matt Egan, CNN Business Even as some business groups cry foul over the tax provisions in the Inflation Reduction Act, economists at Goldman Sachs…
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Warren Buffett’s company lost $44 billion last quarter, but it’s not really bad news
By Paul R. La Monica, CNN Business Warren Buffett is just like the rest of us. He got crushed by the plunge in the stock market during the first half…
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Legal trouble delays Trump SPAC deal as buyer seeks more time to complete merger
By Matt Egan, CNN Business After facing a series of regulatory obstacles, the shell company attempting to take over former President Donald…
Continue ReadingOpinion: The housing market is slowing down, but homes aren’t getting cheaper anytime soon
Opinion by Orphe Divounguy for CNN Business Perspectives Rising home prices and mortgage rates have made it next to impossible for many Americans to…
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