European Central Bank sets record rate hike to fight energy price shock
By Mark Thompson, CNN Business The European Central Bank hiked interest rates by a record three-quarters of a percentage point on Thursday and…
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Jeep’s first three electric SUVs want to be able to tackle anything
By Peter Valdes-Dapena, CNN Business Jeep will bring out three new all-electric SUVs over the next few years as it moves toward selling only electric…
Continue ReadingThe US dollar is strong but something is off
By Nicole Goodkind, CNN Business The US dollar can’t be stopped. Fueled by the Federal Reserve’s aggressive tightening policy, the value…
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Price of war: UK and EU throw $500 billion at energy subsidies
By Lauren Kent and Anna Cooban, CNN Business The United Kingdom on Thursday confirmed plans to subsidize energy bills for households and businesses,…
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Big oil companies are spending millions to appear ‘green.’ Their investments tell a different story, report shows
By Lauren Kent, CNN Big oil companies are spending millions to portray themselves as taking action on climate change, but their investments and…
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Tesla Model Y’s Autopilot gets highest grade in European safety tests
By Matt McFarland, CNN Business The Tesla Model Y received the highest grade of any vehicle in a European safety test that ranked driver-assist…
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Oil slides to fresh seven-month lows as selloff deepens
By Matt Egan Oil prices dropped sharply on Wednesday, deepening a selloff that has already brought relief to drivers at the gas pump. US oil tumbled…
Continue Reading Oil slides to fresh seven-month lows as selloff deepens
By Matt Egan Oil prices dropped sharply on Wednesday, deepening a selloff that has already brought relief to drivers at the gas pump. US oil tumbled…
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Reality is setting in for GameStop stock
By Paul R. La Monica, CNN Business Billionaire Ryan Cohen profited big when he briefly invested in struggling retailer Bed Bath & Beyond and…
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Cineworld, the world’s second largest movie theater chain, files for bankruptcy
By Frank Pallotta, CNN Business Cineworld Group — the world’s second largest movie theater chain and owner of Regal Cinemas — said…
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Major League Baseball players union joins the AFL-CIO
By Chris Isidore, CNN Business The Major League Baseball Players Association is joining the AFL-CIO, the nation’s largest labor federation that…
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Tesla’s ‘full self-driving’ isn’t worth $15,000, say many who bought it
By Matt McFarland, CNN Business Tesla’s price for the feature it calls “full self-driving” has increased again. This time to…
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The British pound hasn’t been this weak since Margaret Thatcher was prime minister
By David Goldman, CNN Business The British pound fell to a 37-year low against the US dollar Wednesday as the United Kingdom grapples with a series…
Continue Reading The British pound hasn’t been this weak since Margaret Thatcher was prime minister
By David Goldman, CNN Business The British pound fell to a 37-year low against the US dollar Wednesday as the United Kingdom grapples with a series…
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Serena Williams’ farewell match smashes ESPN ratings records
By Jordan Valinsky, CNN Business Serena Williams’ loss last week at the US Open, likely her final match, made history for ESPN. The roughly…
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The UK is preparing a huge energy bailout that could cost $172 billion
By Anna Cooban, CNN Business The United Kingdom’s new prime minister is reportedly preparing to commit as much as £150 billion ($172 billion)…
Continue Reading Price of war: UK and EU throw $500 billion at energy subsidies
By Lauren Kent and Anna Cooban, CNN Business The United Kingdom on Thursday confirmed plans to subsidize energy bills for households and businesses,…
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Billionaire: The Fed won’t say it out loud, but it really wants a higher unemployment rate
By Matt Egan, CNN Business For many years after the Great Recession, the Federal Reserve did everything in its power to lower the unemployment rate.…
Continue ReadingBillionaire: The Fed won’t say it out loud, but it really wants a higher unemployment rate
By Matt Egan, CNN Business For many years after the Great Recession, the Federal Reserve did everything in its power to lower the unemployment rate.…
Continue Reading Serena Williams’ farewell match smashes ESPN ratings records
By Jordan Valinsky, CNN Business Serena Williams’ loss last week at the US Open, likely her final match, made history for ESPN. The roughly…
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Kim Kardashian’s next gig: Wall Street investor
By Jordan Valinsky, CNN Business Kim Kardashian is entering the world of private equity. She’s partnering with Jay Sammons, a former executive…
Continue ReadingWater is in short supply. Markets should pay attention
By Nicole Goodkind, CNN Business The world is in desperate need of water. Drought and increasing temperatures have threatened to impact nearly every…
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As China’s economy slows, one industry is seeing record profits: Covid testing
By Laura He, CNN Business China’s zero-Covid strategy of endless testing and lockdowns has hammered its economy and taken a toll on company…
Continue ReadingAs China’s economy slows, one industry is seeing record profits: Covid testing
By Laura He, CNN Business China’s zero-Covid strategy of endless testing and lockdowns has hammered its economy and taken a toll on company…
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Billionaire Herb Kohler, heir to faucet fortune, dies at 83
By Alexandra Peers, CNN Business Herb Kohler, Jr., the former head of his family’s namesake global plumbing empire, died Saturday at the age of…
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How do you like them Apples? Stock could get an iPhone 14 pop
By Paul R. La Monica, CNN Business Apple’s stock has been a lemon this year. Shares are down more than 10% so far in 2022, and Apple is trading…
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How California ended up in the zero-emissions driver’s seat
By Peter Valdes-Dapena, CNN Business California’s powerful Air Resources Board recently passed new regulations that essentially require all…
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The problem that should be keeping Liz Truss awake at night
By Julia Horowitz, CNN Business Liz Truss has a lot on her plate. The United Kingdom is heading for a recession. Workers are going on strike as…
Continue ReadingTrump media company faces looming deadline to keep deal alive
By Matt Egan The controversial deal to take former President Donald Trump’s social media platform public faces a crucial deadline this week to…
Continue ReadingMarilyn Loden, a workplace advocate who popularized the term ‘glass ceiling,’ dies at 76
By Scottie Andrew, CNN When Marilyn Loden first used the phrase “glass ceiling” at a women’s business conference in 1978, she…
Continue ReadingOpinion: Americans should be able to marry whoever they choose. But some senators don’t support protecting that right
Opinion by Jared Sine for CNN Business Perspectives One of the most important decisions a person can make in this life is who they choose to marry.…
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ADT gets a big boost from State Farm and Google deal
By Paul R. La Monica, CNN Business It looks like Jake from State Farm won’t need to worry about protecting his home from burglars. The…
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Summer is over. And the battle to get workers back to the office is heating up
By Jeanne Sahadi, CNN Business The battle to get employees back into the office is about to get a little more heated. Many companies experimenting…
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Massive rail strike next week could deal another blow to America’s economy
By Chris Isidore, CNN Business Freight railroads have been around since the 19th century, but you can’t run a 21st century economy without…
Continue ReadingDealmaking hasn’t totally dried up. Here’s what’s still getting through
By Julia Horowitz, CNN Business Stomach-churning market turbulence has chilled dealmaking this year, as many companies decide they’d rather…
Continue Reading Summer is over. And the battle to get workers back to the office is heating up
By Jeanne Sahadi, CNN Business The battle to get employees back into the office is about to get a little more heated. Many companies experimenting…
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Bed Bath & Beyond shares are down sharply after CFO jumps to his death
By Jordan Valinsky, CNN Business Shares of Bed Bath & Beyond is down nearly 20% in midday trading following the death of its one its top…
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Porsche plans blockbuster IPO in the coming weeks
By Julia Horowitz, CNN Business The iconic Porsche brand is officially going public despite stomach-churning stock market turbulence that’s…
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Despite union wins at Starbucks, Amazon and Apple, labor laws keep cards stacked against organizers
By Chris Isidore, CNN Business Union organizing has shifted into high gear. But despite successful organizing drives at such corporate powerhouses as…
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New California law could raise fast-food minimum wage to $22 an hour
By Cheri Mossburg and Danielle Wiener-Bronner, CNN Business In a move the restaurant industry warns could raise fast-food prices, California’s…
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One of the biggest strikes in US history is brewing at UPS
By Chris Isidore, CNN Business Over the past year, the nascent labor movements at mighty corporations like Starbucks and Amazon have grabbed national…
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Europe’s Russian energy crisis is escalating and so are the costs
By Anna Cooban, CNN Business Europe’s energy crisis is deepening as Russia further limits exports of natural gas, forcing governments to spend…
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OPEC agrees to cut production after oil price slump
By Mark Thompson, CNN Business OPEC said Monday it would reduce oil production next month, the cartel’s first output cut since the depths of…
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Former Tata Sons chairman Cyrus Mistry dies in car accident
By Swati Gupta and Michelle Toh, CNN Business Cyrus Mistry, the Indian scion of one of the country’s most prominent empires, died in a road…
Continue Reading Bed Bath & Beyond shares are down sharply after CFO jumps to his death
By Jordan Valinsky, CNN Business Shares of Bed Bath & Beyond is down nearly 20% in midday trading following the death of its one its top…
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Labor Day 2022: What’s open, what’s closed
By Ramishah Maruf, CNN Labor Day, which recognizes the many contributions workers have made to the prosperity of the United States, also marks the…
Continue ReadingBed Bath & Beyond executive jumped to his death from high-rise apartment balcony, law enforcement source tells CNN
By Brynn Gingras, Liam Reilly, Ramishah Maruf and Samantha Beech, CNN A man who jumped to his death from a high-rise apartment in Manhattan has been…
Continue ReadingParents struggling with inflation: ‘I left that $25 backpack for my preschooler at the checkout.’
By Parija Kavilanz, CNN Business As Sarah Longmore finished her back-to-school shopping, the mother of five looked at a $25 backpack for her…
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Oil’s still well for energy stocks
By Paul R. La Monica, CNN Business Move over, Big Tech: Oil just might be the new FAANG. Energy stocks fell last week as oil prices tumbled. But…
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Boris Johnson is handing his successor an economic ‘catastrophe’
By Julia Horowitz, CNN Business Across the United Kingdom, businesses and households are warning that they won’t make it through the winter…
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