The Fed makes history with a fourth straight three-quarter-point rate hike
By Nicole Goodkind, CNN Business The Federal Reserve approved a fourth-straight rate hike of three-quarters of a percentage point on Wednesday as…
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This is what Starbucks’ 25th anniversary holiday cups look like
By Jordan Valinsky, CNN Business This year marks the 25th anniversary of Starbucks’ holiday cups, an annual tradition that unofficially rings…
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‘The worst is behind us’: Hong Kong hosts top global bankers for finance summit
By Michelle Toh, CNN Business Hong Kong leader John Lee sought to drum up confidence in the city’s future as a global financial hub on…
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Spotify is going to war with Apple after the App Store rejected its big new feature
By Oliver Darcy, CNN Business Spotify is looking to give Apple a good bruising in the press. The music streamer is taking its grievances with the…
Continue ReadingFormer Treasury Secretary Larry Summers urges Fed to keep hiking rates
By Nicole Goodkind, CNN Business Former US Treasury Secretary Larry Summers said on Tuesday that the growing chorus of economists and politicians…
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A recession in the US is not a slam dunk, Goldman Sachs says
By Matt Egan, CNN Business While investors, business leaders and some economic models continue to warn a recession is imminent, Wall Street’s…
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United pilots reject contract as airline negotiations ramp up
by Greg Wallace, CNN A shortage of airline pilots is leading pilots at America’s largest carriers to push for better pay and benefits. The…
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Self-driving cars were supposed to take over the road. What happened?
By Matt McFarland, CNN Business For over a decade, companies from Google to General Motors have poured billions of dollars into the pursuit of what…
Continue ReadingElizabeth Warren to Jerome Powell: Just how many jobs do you plan to kill?
By Matt Egan, CNN Business As the Federal Reserve kicks off another pivotal rate-setting meeting, lawmakers are reminding the central bank exactly…
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Where are the unicorns? The IPO market has unraveled this year
By Paul R. La Monica, CNN Business Wall Street bulls may have come thundering back in October as bears appear to have gone into hibernation. But…
Continue ReadingSpaceX’s Falcon Heavy rocket, world’s most powerful rocket, launches after three-year hiatus
By Jackie Wattles, CNN SpaceX’s Falcon Heavy — a towering, three-pronged vehicle that is the most powerful operational rocket in the world…
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Don’t worry, you can still get a great return on these inflation-protected bonds
By Jeanne Sahadi, CNN Business There are few places to keep your cash these days that can protect your money from inflation. And while you might have…
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The number of job openings rose unexpectedly in September, despite the Fed’s aggressive actions
By Alicia Wallace, CNN Business The number of available jobs in the United States increased in September, surprising economists who had expected the…
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Biden’s oil windfall tax would backfire, warns Larry Summers
By Matt Egan, CNN Business Economist Larry Summers is pushing back after President Joe Biden floated the possibility of punishing the oil industry…
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Why America’s job market hasn’t imploded
By Nicole Goodkind, CNN Business Despite a stock-market bounce in October that gave the Dow its biggest monthly gain in more than 45 years,…
Continue ReadingSpaceX’s Falcon Heavy rocket, world’s most powerful rocket, launches after three-year hiatus
By Jackie Wattles, CNN SpaceX’s Falcon Heavy — a towering, three-pronged vehicle that is the most powerful operational rocket in the world…
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US debt: Federal interest payments could soon exceed military spending
By Matt Egan, CNN Business The Federal Reserve’s war on inflation isn’t just painful for home buyers and people with credit card debt.…
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BP announces $2.5 billion share buyback after profit soars
By Hanna Ziady, CNN Business BP’s profit more than doubled in the third quarter of the year, extending a bumper run of earnings for the…
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Oleg Tinkov renounces Russian citizenship over war in Ukraine
By Mark Thompson, Mayumi Maruyama and Alex Stambaugh, CNN Oleg Tinkov, the founder of a major Russian digital bank, has renounced his Russian…
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What we know about India’s deadly bridge collapse
By Rhea Mogul, Manveena Suri and Swati Gupta, CNN More than 50 children are among 135 people killed in Sunday’s bridge collapse in…
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Judge blocks Penguin Random House’s purchase of Simon & Schuster
By CNN Business staff A federal judge blocked Penguin Random House from buying Simon & Schuster, arguing that the combination of the two book…
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Delta pilots say they’re willing to strike, but no impact to Thanksgiving travel is expected
By Pete Muntean, CNN Delta Air Lines pilots intensified their push for improved pay by insisting they will strike if they do not get a new contract.…
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Chick-fil-A operator has a winning recipe for employees: three-day workweek
By Parija Kavilanz, CNN Business What staffing shortage? One Miami Chick-fil-A owner/operator has been deluged with applications after switching his…
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Elon Musk, Twitter’s new owner, tweets conspiracy theory about attack on Paul Pelosi
By Oliver Darcy and Donie O’Sullivan, CNN Elon Musk on Sunday gave credence to a fringe conspiracy theory about the violent attack on Paul…
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Dow has biggest monthly gain in more than 45 years
By Paul R. La Monica, CNN Business The Dow fell nearly 130 points, or 0.4% Monday, but it still ended October up 14% — its best monthly gain since…
Continue ReadingA spooky forecast for the future of interest rates
By Nicole Goodkind, CNN Business When will central banks stop raising interest rates? That’s the multi-trillion dollar question that has Wall…
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Inflation isn’t going anywhere. Just look at the latest data from Europe
By Julia Horowitz, CNN Business European inflation has accelerated to a new record high as energy and food prices in the region continue to…
Continue Reading Inflation isn’t going anywhere. Just look at the latest data from Europe
By Julia Horowitz, CNN Business European inflation has accelerated to a new record high as energy and food prices in the region continue to…
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Wheat and corn prices jump after Russia quits Black Sea grain deal
By Hanna Ziady, CNN Business Prices of wheat and corn on global commodities markets rose on Monday after Russia pulled out of a deal that had allowed…
Continue Reading Elon Musk, Twitter’s new owner, tweets conspiracy theory about attack on Paul Pelosi
By Oliver Darcy and Donie O’Sullivan, CNN Elon Musk on Sunday gave credence to a fringe conspiracy theory about the violent attack on Paul…
Continue ReadingThe Fed may have to blow up the economy to get inflation under control
By 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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‘SNL’ takes on notable Republicans before the midterm elections
By Frank Pallotta, CNN Business “Saturday Night Live” kicked off this week’s episode with Heidi Gardner leading a PBS NewsHour…
Continue Reading ‘SNL’ takes on notable Republicans before the midterm elections
By Frank Pallotta, CNN Business “Saturday Night Live” kicked off this week’s episode with Heidi Gardner leading a PBS NewsHour…
Continue ReadingTesla ATV for kids recalled for violating safety standards
By Peter Valdes-Dapena, CNN Business The Tesla Cyberquads for Kids, made by Radio Flyer, has been recalled because it doesn’t meet federal…
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The Happy Meal inventor says McDonald’s didn’t want it at first
By Nathaniel Meyersohn, CNN Business McDonald’s said this week that it sold half of its new Happy Meals geared toward adults –Cactus…
Continue Reading Dow has biggest monthly gain in more than 45 years
By Paul R. La Monica, CNN Business The Dow fell nearly 130 points, or 0.4% Monday, but it still ended October up 14% — its best monthly gain since…
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McDonald’s stock hits all time high
By Danielle Wiener-Bronner, CNN Business McDonald’s stock hit an all time high Friday as Wall Street cheered the company’s third quarter…
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Trump won’t return to Twitter right away: Musk enlists panel to review suspended accounts
By Oliver Darcy, CNN Business Newly minted Twitter owner Elon Musk said Friday afternoon that the social media company “will be forming a…
Continue Reading Trump won’t return to Twitter right away: Musk enlists panel to review suspended accounts
By Oliver Darcy, CNN Business Newly minted Twitter owner Elon Musk said Friday afternoon that the social media company “will be forming a…
Continue ReadingThe electric Pininfarina Battista costs a whopping $2 million. Here’s what that gets you
By Peter Valdes-Dapena, CNN Business The Pininfarina Battista is an astonishing car. Its base price, $2.2 million, is shocking, but so are its…
Continue ReadingThe electric Pininfarina Battista costs a whopping $2 million. Here’s what that gets you
By Peter Valdes-Dapena, CNN Business The Pininfarina Battista is an astonishing car. Its base price, $2.2 million, is shocking, but so are its…
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Brits are stocking up on air fryers and electric blankets as energy bills skyrocket
By Anna Cooban, CNN Business Shoppers in the United Kingdom are snapping up energy-saving air fryers, electric blankets and slow cookers this winter…
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Employers kept hiking workers’ wages last quarter, but they did not keep up with inflation
By Tami Luhby, CNN Employers continued hiking wages to attract workers and hold on to existing staff during the third quarter. But the raises did not…
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After brands dump Kanye West, many people ask: What took so long?
By Danielle Wiener-Bronner, CNN Business Earlier this week Adidas ended its partnership with rapper and fashion designer Ye (who previously went by…
Continue Reading After brands dump Kanye West, many people ask: What took so long?
By Danielle Wiener-Bronner, CNN Business Earlier this week Adidas ended its partnership with rapper and fashion designer Ye (who previously went by…
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Many employers will soon have to advertise salary thanks to two new laws
By Jeanne Sahadi, CNN Business Next week, job seekers will start to get a much better grasp on what many employers are willing to pay — and so…
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Dow surges more than 800 points on the back of record oil profits
By Paul R. La Monica, CNN Business Stocks rallied heading into the weekend, despite lousy results from Amazon. Solid earnings from Apple and record…
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Inflation data shows US prices were still uncomfortably high last month
By Alicia Wallace, CNN Business A new batch of inflation data released Friday showed that while prices remained uncomfortably high in September, a…
Continue ReadingExxonMobil posts another record profit as oil prices remain high
By Chris Isidore, CNN Business America’s largest oil company ExxonMobil set a profit record for the second-straight quarter as oil and gas…
Continue ReadingThe Fed is killing the housing market
By Nicole Goodkind, CNN Business The US economy grew by a 2.6% adjusted annual rate in the third-quarter, bouncing back from two negative quarters…
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