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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Airline asked its senior executives to temporarily help as airport baggage handlers
By Anna Cooban, CNN Business Australian airline Qantas has asked its senior executives to help out as airport baggage handlers as it struggles to…
Continue Reading Airline asked its senior executives to temporarily help as airport baggage handlers
By Anna Cooban, CNN Business Australian airline Qantas has asked its senior executives to help out as airport baggage handlers as it struggles to…
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Today marks an important day for diversity on Wall Street. Here’s why
By Nicole Goodkind, CNN Business Wall Street is taking the call to increase corporate diversity seriously. At last. For the first time ever, every…
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More than 500 US flights canceled and more than 2,000 delayed on Monday
By Chuck Johnston, CNN Business Following a miserable weekend for travel, Monday isn’t looking much better. Another wave of airline…
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China posts record $101 billion trade surplus but export boom could fade
By Laura He, CNN Business China’s export sector delivered robust growth in July, providing much-need support for the world’s second…
Continue ReadingWhat the Alex Jones trial means for the future of conspiracy culture
By Ramishah Maruf, CNN The Texas jury’s decision last week to have Alex Jones face punitive damages of more than $45 million in a lawsuit filed…
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More than 900 US flights canceled, and 6,300 US flights delayed on Sunday
By Chuck Johnston Another wave of airline cancellations and delays is being felt across the United States on Sunday. According to the flight tracking…
Continue ReadingWhat the Alex Jones trial means for the future of conspiracy culture
By Ramishah Maruf, CNN The Texas jury’s decision last week to have Alex Jones face punitive damages of more than $45 million in a lawsuit filed…
Continue ReadingWhat the Alex Jones trial means for the future of conspiracy culture
By Ramishah Maruf, CNN The Texas jury’s decision last week to have Alex Jones face punitive damages of more than $45 million in a lawsuit filed…
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America’s strong dollar is hurting everyone else
By Julia Horowitz, CNN Business The US dollar has been on a tear this year. That’s good news for American tourists gallivanting around Europe,…
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Casper is hiring professional nappers with ‘exceptional sleeping ability’
By Zoe Sottile, CNN A mattress brand is hiring for a position where sleeping on the job is not just accepted — it’s mandatory. Casper, a…
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The market read the Federal Reserve all wrong
By Julia Horowitz, CNN Business After the Federal Reserve’s July meeting, investors quickly reached a consensus: The central bank was turning…
Continue ReadingNetflix is not in deep trouble. It’s becoming a media company
By Frank Pallotta, CNN Business Netflix has had a terrible 2022. In April, it said it lost subscribers for the first time since 2011. Its stock has…
Continue ReadingTesla made misleading claims about Autopilot and Self Driving, California DMV claims
By Ramishah Maruf, CNN Tesla’s autopilot and self-driving claims are under fire again, this time from the California Department of Motor…
Continue ReadingKnights, queens and strippers are helping fuel the spike in US unionizing efforts
By Natasha Chen, CNN Business On any given weekend night in North Hollywood, a group of dancers in outlandish costumes holds signs urging customers…
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The hidden makers of Costco’s Kirkland Signature and Trader Joe’s O’s
By Nathaniel Meyersohn, CNN Business Kirkland Signature. Two-Buck Chuck. Simple Truth. Cat & Jack. Great Value. Amazon Basics. Store brands have…
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US to take part in military exercise near India’s disputed border with China
By Vedika Sud, Barbara Starr, Sahar Akbarzai and Kathleen Magramo, CNN The United States is to take part in a joint military exercise with India less…
Continue ReadingA jury finds Infowars conspiracy theorist Alex Jones should pay $45.2 million in punitive damages to the parents of a Sandy Hook shooting victim
By Brian Stelter, CNN Business A Texas jury has decided to penalize Alex Jones with $45.2 million in punitive damages in a lawsuit filed by the…
Continue ReadingOpinion: Why a recession might not mean huge job losses
Opinion by Dana Peterson for CNN Business Perspectives Most recessions in US history have been accompanied by severe job losses and high unemployment…
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Americans loaded up on $40 billion more in debt in June, Fed says
Martha C. White for CNN Business Americans piled on $40.1 billion worth of debt in June, the Federal Reserve said Friday afternoon. The figure was…
Continue ReadingA jury finds Infowars conspiracy theorist Alex Jones should pay $45.2 million in punitive damages to the parents of a Sandy Hook shooting victim
By Brian Stelter, CNN Business A Texas jury has decided to penalize Alex Jones with $45.2 million in punitive damages in a lawsuit filed by the…
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Massive jobs surprise: US economy added 528,000 jobs in July
By Alicia Wallace, CNN Business The US economy has now regained all jobs lost during the pandemic, after a blowout July jobs report that showed a…
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Gas prices are falling. So is interest in electric cars
By Peter Valdes-Dapena, CNN Business As gas prices rose in the the first three months of 2022, interest among car shoppers in hybrid and electric…
Continue Reading The market read the Federal Reserve all wrong
By Julia Horowitz, CNN Business After the Federal Reserve’s July meeting, investors quickly reached a consensus: The central bank was turning…
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Jury finds Alex Jones caused $4 million in damages to two Sandy Hook parents
By Oliver Darcy, CNN Business Right-wing talk show host Alex Jones will have to pay the parents of a Sandy Hook shooting victim a little more than $4…
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America has fewer open jobs. Is that reason to worry?
By Julia Horowitz, CNN Business For the past year, America has had a glut of open jobs. Restaurants, airlines and retail stores have raced to recruit…
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Workers in these two industries are the only ones coming out ahead right now
By Tami Luhby, CNN At first glance, it looks like many Americans got big pay raises since the Covid-19 pandemic started. But in reality, only workers…
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As inflation takes a toll, Americans face tough decisions about medical care
By Gabe Cohen, CNN There are medicines that Angelina Scott can’t live without. Between her Atrial Fibrillation, high blood pressure and high…
Continue Reading Americans loaded up on $40 billion more in debt in June, Fed says
Martha C. White for CNN Business Americans piled on $40.1 billion worth of debt in June, the Federal Reserve said Friday afternoon. The figure was…
Continue Reading As inflation takes a toll, Americans face tough decisions about medical care
By Gabe Cohen, CNN There are medicines that Angelina Scott can’t live without. Between her Atrial Fibrillation, high blood pressure and high…
Continue ReadingThe streaming wars are over
By Frank Pallotta, CNN Business In November 2019, Disney debuted Disney+, kicking off the so-called streaming wars and prompting companies across the…
Continue ReadingHBO Max and Discovery+ are combining next year
By Frank Pallotta, CNN Business HBO Max and Discovery+ are finally joining forces. The long-awaited merger of the two services will debut in the US…
Continue Reading Jury finds Alex Jones caused $4 million in damages to two Sandy Hook parents
By Oliver Darcy, CNN Business Right-wing talk show host Alex Jones will have to pay the parents of a Sandy Hook shooting victim a little more than $4…
Continue Reading Jury finds Alex Jones caused $4 million in damages to two Sandy Hook parents
By Oliver Darcy, CNN Business Right-wing talk show host Alex Jones will have to pay the parents of a Sandy Hook shooting victim a little more than $4…
Continue Reading Massive jobs surprise: US economy added 528,000 jobs in July
By Alicia Wallace, CNN Business The US economy has now regained all jobs lost during the pandemic, after a blowout July jobs report that showed a…
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Oil slides under $90 to fresh six-month lows on demand worries
By Matt Egan The selloff in the oil market gathered momentum Thursday on growing concerns about weakening demand for gasoline. US oil dropped 2.3% to…
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Judge denies Alex Jones’ attorney’s request for a mistrial
By Oliver Darcy, CNN Business A Texas judge on Thursday denied a request for a mistrial from the attorney for right-wing conspiracy theorist Alex…
Continue ReadingABC names Alyssa Farah Griffin and Ana Navarro as permanent co-hosts on ‘The View’
By Oliver Darcy, CNN Business Alyssa Farah Griffin and Ana Navarro, two conservatives who have been extraordinarily critical of former President…
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