Mortgage rates tick up after dropping last week
By Anna Bahney, CNN Washington, DC (CNN) — US mortgage rates moved higher this week following the Federal Reserve’s rate hike, after dropping…
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Yellow Corp trucking company shares plunge as bankruptcy looms
By Chris Isidore, CNN New York (CNN) — The end may be close for Yellow Corp, a nearly century-old trucking company with 30,000 employees. The…
Continue ReadingUK bank CEO quits over closure of Brexit campaigner Nigel Farage’s account
By Robert North and Hanna Ziady, CNN London (CNN) — The CEO of one of the biggest banks in the United Kingdom has resigned after admitting she…
Continue ReadingUS pending home sales rose last month for the first time since February
By Anna Bahney, CNN Washington, DC (CNN) — US pending home sales rose in June, up 0.3% from the previous month, marking the first increase…
Continue ReadingThe Dow sinks, snapping its longest run since 1987
By Krystal Hur, CNN New York (CNN) — The Dow slipped on Thursday, snapping a 13-day winning streak. The blue-chip index fell 237 points after…
Continue ReadingThe US economy grew stronger than expected in the second quarter, but consumers are pulling back
By Bryan Mena, CNN Washington (CNN) — The US economy picked up steam in the second quarter despite punishing rate hikes and still-high…
Continue ReadingMicrosoft under European antitrust investigation over Teams
By Brian Fung, CNN Washington (CNN) — European officials are investigating whether Microsoft’s practice of bundling its Teams software with…
Continue ReadingThe European Central Bank hikes rates to historic high but hints it could pause
By Hanna Ziady, CNN London (CNN) — The European Central Bank raised interest rates by a quarter of a percentage point Thursday but hinted it…
Continue ReadingJell-O’s new look emphasizes its ‘jiggly goodness’
By Jordan Valinsky, CNN Business New York (CNN) — Jell-O is saying hello to a makeover. The jiggly snack’s logo and packaging are getting a…
Continue ReadingMcDonald’s teases new CosMc’s restaurant concept
By Danielle Wiener-Bronner, CNN New York (CNN) — McDonald’s is planning to test out a new restaurant idea, called “CosMc’s.” CosMc’s…
Continue ReadingWall Street suddenly appears confident America will avoid a recession
By Krystal Hur, CNN New York (CNN) — Cyclical stocks that tend to rise and fall with the economy are rallying, the latest sign that investors…
Continue ReadingUS gas prices climb to an eight-month high
By Matt Egan, CNN New York (CNN) — Gas prices have suddenly jolted higher, as excessive heat and production caps have hurt supply. The US…
Continue ReadingVolkswagen invests $700 million in Chinese EV maker Xpeng to boost sluggish sales
By Laura He Hong Kong (CNN) — Volkswagen has bought nearly 5% of Chinese electric vehicle maker Xpeng for $700 million and agreed a strategic…
Continue ReadingAC is hard on the planet. This building has a sustainable solution
By Clare Duffy, CNN Video by John General, Deborah Brunswick and Hazel Tang, CNN New York (CNN) — In mid-July at the construction site at 1…
Continue ReadingYoung Chinese are getting paid to be ‘full-time children’ as jobs become harder to find
By Laura He and Candice Zhu, CNN Hong Kong (CNN) — Exhausted by the pressure to succeed as a photographer, Litsky Li accepted a better offer:…
Continue ReadingElizabeth Warren and Lindsey Graham want a new agency to regulate tech
By Brian Fung, CNN Washington (CNN) — Two US senators are calling for the creation of a new federal agency to regulate tech companies such as…
Continue ReadingShell and TotalEnergies profits cut in half by lower oil prices
By Hanna Ziady, CNN London (CNN) — Shell and TotalEnergies have reported a steep drop in second-quarter profits, as oil and gas prices fell…
Continue ReadingVariety faces calls for a retraction as its head-turning story about CNN drama begins to fall apart
By Oliver Darcy, CNN (CNN) — Variety has a mess on its hands. One day after publishing a questionable 4,000-word story that aimed to detail the…
Continue ReadingLarry Summers slams Biden economic agenda as ‘increasingly dangerous’
CNN By Matt Egan, CNN Business New York (CNN Business) — Larry Summers, the former Obama and Clinton official, slammed parts of President Joe…
Continue ReadingWheat prices rise after Ukrainian Danube port hit
By Anna Cooban and Tim Lister, CNN London (CNN) — Wheat prices rose sharply Monday following a strike by a Russian drone on a Ukrainian port on…
Continue Reading‘Barbenheimer’ box office debut sparks hopes that cinema is back
By Anna Cooban, CNN London (CNN) — Summer blockbusters “Barbie” and “Oppenheimer” have given the troubled film industry a big shot in…
Continue ReadingThousands of authors demand payment from AI companies for use of copyrighted works
CNN, CNN BUSINESS By Brian Fung, CNN Washington (CNN) — Thousands of published authors are requesting payment from tech companies for the use…
Continue Reading‘Elusive’ Apple iPhone from 2007 sells for $190,000
CNN By Caolán Magee, CNN (CNN) — A first-edition 2007 Apple iPhone has sold for more than $190,000 at auction, far exceeding the estimate.…
Continue ReadingChristine Lagarde says she has ‘huge confidence’ that the US won’t default on its own debt
By Ramishah Maruf, CNN Christine Lagarde, president of the European Central Bank, said she has “huge confidence” the US will not allow…
Continue ReadingFour out of the five US metro areas with the lowest unemployment are in Florida. Here’s why
By Bryan Mena, CNN Four out of the five US metropolitan areas with the lowest unemployment rates are in Florida, thanks to the state’s growing…
Continue ReadingWhat to know ahead of the Fox News and Dominion trial
By Ramishah Maruf, CNN A trial in a defamation suit brought against Fox News by Dominion Voting Systems is set to begin this week. It could have…
Continue ReadingHow to protect your portfolio, according to 3 investors
By Krystal Hur, CNN Wall Street has been hit with a barrage of complex signals about the economy’s health over the past month. From banking…
Continue ReadingEven when women make as much as their husbands, they still do more at home
By Jeanne Sahadi, CNN Few women will be surprised to learn that even when wives earn about the same as their husbands or more, a new Pew Research…
Continue ReadingAmericans are struggling to pay off their car loans. Three charts explain why
By Christopher Hickey, CNN You’ve managed to buy the car, but can you afford to keep paying for it? Along with soaring car prices, loan rates…
Continue ReadingFox News apologizes to judge for ‘misunderstanding’ over Rupert Murdoch’s role that sparked investigation
By Marshall Cohen, CNN Fox News formally apologized to the judge in the Dominion defamation case, taking responsibility for the…
Continue ReadingWalmart’s US chief marketing officer stepping down as retailer warns of tough year
By Ramishah Maruf, CNN Walmart’s chief merchandising officer for its US operations is stepping down from the job as the retailer faces a…
Continue ReadingYellen on how the US can bring down inflation while maintaining a strong job market
By Alicia Wallace, CNN Last month’s upheaval within the banking sector hasn’t pushed America off course from achieving a soft landing,…
Continue ReadingYellen on how the US can bring down inflation while maintaining a strong job market
By Alicia Wallace, CNN Last month’s upheaval within the banking sector hasn’t pushed America off course from achieving a soft landing,…
Continue ReadingHow little engines are taking over American cars in a big way
By Peter Valdes-Dapena, CNN As big V8-powered cars like the Dodge Charger and Challenger approach the end of their lives as production cars, an…
Continue ReadingDavid’s Bridal laying off over 9,000 workers
By Parija Kavilanz, CNN David’s Bridal, one of largest sellers of wedding gowns in the United States, is laying off thousands of workers…
Continue ReadingYellen to CNN: Despite banking crisis, soft landing still possible
By Alicia Wallace, CNN Last month’s upheaval within the banking sector hasn’t pushed America off course from achieving a soft landing, US…
Continue ReadingChristine Lagarde says she has ‘huge confidence’ that the US won’t default on its own debt
By Ramishah Maruf, CNN Christine Lagarde, president of the European Central Bank, said she has “huge confidence” the US will not allow…
Continue ReadingWhy European stocks are crushing US peers
By Julia Horowitz, CNN For years, global investors preferred American stocks to European ones. But at a time of change in financial markets, favor is…
Continue ReadingRussian court fines Wikipedia owner for article related to Ukraine invasion
By Anna Chernova and Olesya Dmitracova, CNN A Moscow court has fined the Wikimedia Foundation for refusing to remove an article on Russian-language…
Continue ReadingRussia’s oil exports are back to pre-war levels
By Anna Cooban, CNN Russia’s oil exports have bounced back to levels last seen before it invaded Ukraine, despite a barrage of Western…
Continue ReadingBoeing discovers new issue with 737 Max jets but says they can continue flying
By Greg Wallace and Jordan Valinsky, CNN Boeing said it has discovered a manufacturing issue with some 737 Max aircraft, although it insisted the…
Continue ReadingRetail spending fell in March as consumers pull back
Bryan Mena, CNN Spending at US retailers fell in March as consumers pulled back after the banking crisis fueled recession fears. Retail sales, which…
Continue ReadingWalmart is offloading this trendy menswear brand at a steep loss
By Jordan Valinsky, CNN Clothes sometimes sell for a steep discount at Bonobos. Thursday night, the company itself sold for a loss. Walmart has…
Continue ReadingJPMorgan Chase reports record revenue
By Krystal Hur and Nicole Goodkind, CNN JPMorgan Chase on Friday reported first-quarter profit and revenue that roundly beat expectations. The New…
Continue ReadingThe American consumer has bad news for the economy
By Nicole Goodkind, CNN The strength of the US economy rests on the shoulders of consumers. If people are spending money, companies keep employees in…
Continue ReadingThe American consumer has bad news for the economy
By Nicole Goodkind, CNN The strength of the US economy rests on the shoulders of consumers. If people are spending money, companies keep employees in…
Continue ReadingSome of England’s trainee doctors are paid less than fast-food workers. They’ve had enough
By Anna Cooban, CNN Tens of thousands of England’s trainee doctors have gone on strike this week over pay. For many, hourly pay falls below…
Continue ReadingAnalysis: Fox News is about to enter the true No Spin Zone
By Oliver Darcy, CNN This is it. The media defamation trial of the century is on the precipice of kicking off in Wilmington, Delaware, in just days.…
Continue ReadingTibetan leader defends Dalai Lama after ‘suck my tongue’ request to boy
By Rhea Mogul, CNN The head of the Tibetan government-in-exile has defended the Dalai Lama over a video in which the spiritual leader kisses a child…
Continue ReadingEx-producer escalates lawsuit, claiming Fox News lawyers deleted messages from her phone
By Marshall Cohen, CNN A former Fox News producer who claims the right-wing network pressured her to give false testimony escalated her own lawsuit…
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