Employers who want workers in the office more often may be in for a fight
By Kathryn Vasel, CNN Business Many employers have made it clear that they want their workers to return to the office — at least part of the…
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This one thing is pushing up the price of almost everything you buy
Martha C. White Although prices at the pump serve as one of the most prominent symbols of rampant inflation, economists are more worried about the…
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China extends property loans at the fastest pace in three years as mortgage crisis spreads
By Laura He, CNN Business China’s banking regulator has pledged to boost lending to help developers finish stalled property projects and boost…
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Energy saved US markets last quarter. Now the sector is losing power
By Nicole Goodkind, CNN Business US markets took a beating on Thursday as big bank earnings delivered disappointing results. Markets and the economy…
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China’s economy records slowest growth since the start of 2020
By Laura He, CNN Business China’s economy has recorded its worst quarterly performance in over two years, after months of harsh Covid lockdowns…
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Uber’s safety issues still loom large: Another five passengers sue company over alleged sexual assault incidents
By Sara Ashley O’Brien, CNN Business Five more passengers are suing Uber over alleged sexual assault incidents that occurred in recent months…
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Big pay raises expected for 2023. But here’s why that extra income may not make a difference
By Jeanne Sahadi, CNN Business US employers say they expect the average raise to be 4.1% in 2023, which would be the largest hike in 15 years,…
Continue ReadingExclusive: Wordle is being turned into a board game
By Jordan Valinsky, CNN Business Wordle is jumping from the P-H-O-N-E to the B-O-A-R-D. Hasbro is partnering with the New York Times, which owns the…
Continue ReadingExclusive: Wordle is being turned into a board game
By Jordan Valinsky, CNN Business Wordle is jumping from the P-H-O-N-E to the B-O-A-R-D. Hasbro is partnering with the New York Times, which owns the…
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Why BMW is offering heated seats on a monthly subscription
By Peter Valdes-Dapena, CNN Business BMW is now offering British drivers the option of enjoying a heated seat on a monthly subscription basis. Of…
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What recession? America’s banks reveal few signs of trouble
By Julia Horowitz, CNN Business If a recession were to arrive in the United States, there would normally be evidence of pain at America’s…
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Tesla’s head of AI, an ardent supporter of ‘full self driving,’ has exited the company
By Matt McFarland, CNN Business Andrej Karpathy, Tesla’s director of artificial intelligence, announced Wednesday he’s leaving the…
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Mortgage rates rise to 5.5% as volatility continues
By Anna Bahney, CNN Business Mortgage rates are on the rise again after a dramatic drop last week. The 30-year fixed-rate mortgage averaged 5.51% in…
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Jamie Dimon battens down the hatches for a recession
By Nicole Goodkind, CNN Business JPMorgan Chase kicked off the second quarter earnings season with bad news: The bank temporarily suspended share…
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This key inflation measure shows prices are still rising
By Alicia Wallace, CNN Business A leading inflation indicator surged in June, showing that prices continue to remain stubbornly high. The Producer…
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A truly massive interest rate hike is now on the table
By Julia Horowitz, CNN Business Central banks have made clear that after a sluggish start, they’re serious about putting a lid on inflation.…
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Stamps are more expensive now. Here’s how much more you’ll pay to drop a letter in the mail
By Chris Isidore, CNN Business Maybe this counts as good news in a time of painful price increases for necessities such as food, fuel and housing:…
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Pepsi is making big money on smaller portions
By Danielle Wiener-Bronner, CNN Business The biggest trend in snacking is something small: Chip bags and sodas are going mini. PepsiCo is seeing…
Continue Reading Pepsi is making big money on smaller portions
By Danielle Wiener-Bronner, CNN Business The biggest trend in snacking is something small: Chip bags and sodas are going mini. PepsiCo is seeing…
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Chinese homebuyers refuse to pay mortgages on unfinished apartments
By Laura He, CNN Business China’s real estate crisis is escalating, raising concerns about growing risks in the banking system. Desperate…
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Emirates slams Heathrow ‘incompetence’ over summer ‘airmageddon’
By Anna Cooban and Livvy Doherty, CNN Business Emirates airline has blasted one of the world’s busiest airports for its…
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US journalists targeted by foreign hackers who show sophisticated understanding of American politics
By Sean Lyngaas, CNN In the days before the January 6, 2021, insurrection, Chinese hackers sent out a flurry of malicious emails to prominent White…
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Average rent in Manhattan jumps to a record $5,000 a month
By Anna Bahney, CNN Business Rent continued to skyrocket to new record highs in Manhattan last month. The median monthly rent paid by a tenant for a…
Continue ReadingNetflix with ads is coming
By Frank Pallotta, CNN Business You’ll soon be able to sign up for a cheaper version of Netflix with ads — though that option is still in its…
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Bill Gates funnels $20 billion to foundation and plans to drop off list of wealthiest people
By Allison Morrow, CNN Business Bill Gates is moving $20 billion of his wealth into the endowment of the Bill and Melinda Gates Foundation, which is…
Continue ReadingChampagne bottle sells for record $2.5 million
By Alexandra Peers, CNN Business A bottle of Champagne has sold for $2.5 million, eclipsing the auction record for bubbly and likely becoming the…
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Why requiring workers to spend more days in the office could backfire
By Jeanne Sahadi, CNN Business Before the pandemic, many corporate leaders believed that allowing their employees to work from home would hurt…
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Americans are feeling slightly better about the economy, but inflation still bites
By Alicia Wallace, CNN Business Americans are feeling slightly better about the economy, but painfully high inflation is still keeping consumer…
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Here’s what’s getting more expensive at the grocery store
By Danielle Wiener-Bronner, CNN Business Food prices are still on the rise, but some relief may be on the horizon. In the 12-months ending in June,…
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What the heck happened to the Gap?
By Nathaniel Meyersohn, CNN Business In 1969, real estate investor Don Fisher opened a store in San Francisco aimed at teens and college kids,…
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US inflation hit 40-year high in June, driven by record gas prices
By Lucy Bayly and Alicia Wallace, CNN Business Inflation surged to a new pandemic-era peak in June, with US consumer prices jumping by 9.1%…
Continue ReadingOpinion: The Supreme Court’s EPA decision is a wake-up call. Congress must act now
Opinion by Suzanne DiBianca for CNN Business Perspectives The US Supreme Court’s ruling limiting the EPA’s authority to regulate…
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3 reasons not to panic about decades-high inflation
By Julia Horowitz, CNN Business When the latest data on consumer prices in the United States landed Wednesday, the headline number was ugly.…
Continue ReadingDelta earnings fall far short of expectations because of high fuel costs and service problems
By Chris Isidore, CNN Business A bad quarter for Delta Air Lines passengers turned into a bad quarter for Delta investors, as the costs of service…
Continue ReadingHeat wave threatens power shortages and higher pork prices in China
By Laura He, CNN Business A scorching heat wave in China has forced a major manufacturing region to appeal to businesses and households to use less…
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Traveling reaches peak suck just as everyone is trying to get out of town
By Allison Morrow, CNN Business Editor’s Note: This story is part of CNN Business’ Nightcap newsletter. To get it in your inbox, sign up…
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Airlines forced to drop service at these US airports due to the pilot shortage
By Chris Isidore, CNN Business Flying in and out of the Dubuque, Iowa, airport on the banks of the Mississippi has been a breeze for the 100,000…
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Bill Ackman will repay investors $4 billion after his SPAC fails
By Nicole Goodkind, CNN Business Billionaire activist investor Bill Ackman will close his special purpose acquisition company and return $4 billion…
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Dave Chappelle’s controversial Netflix special nabs Emmy nominations
By Frank Pallotta, CNN Business Dave Chappelle‘s Netflix comedy special, “The Closer,” received huge backlash last year for the…
Continue ReadingThe Jeep Wrangler plug-in hybrid just outsold all of Toyota’s plug-ins combined
by Peter Valdes-Dapena, CNN Business It might surprise you to learn that the best-selling plug-in hybrid vehicle in America is, of all things, a Jeep…
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Elon Musk’s politics trigger strong reactions from Tesla customers
By Matt McFarland, CNN Business Jason Simon placed an order for a Tesla Model 3 this April, eager to own an electric vehicle. He heard from Tesla in…
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The euro and the US dollar are at parity for the first time in 20 years
By Nicole Goodkind, CNN Business For the first time in 20 years, the exchange rate between the euro and the US dollar has reached parity —…
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How a Chinese metal tycoon imploded the nickel market — and walked away with billions
By Nicole Goodkind, CNN Business Most investors don’t lose an $11 billion bet and walk away unscathed, but a Chinese metal tycoon known as…
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Boeing delivers a 737 Max to one of the airlines that suffered a fatal crash of the plane
By Chris Isidore, CNN Business Ethiopian Airlines took delivery of a 737 Max from Boeing in June, the aircraft maker disclosed Tuesday. It’s…
Continue ReadingDelta earnings fall far short of expectations because of high fuel costs and service problems
By Chris Isidore, CNN Business A bad quarter for Delta Air Lines passengers turned into a bad quarter for Delta investors, as the costs of service…
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Matthew Berry, ESPN’s fantasy guru, is leaving the network
By Frank Pallotta, CNN Business Matthew Berry, ESPN’s longtime fantasy sports guru, is leaving the network, Berry and ESPN announced Monday.…
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Why King Dollar’s huge rally isn’t reason to cheer
By Julia Horowitz, CNN Business The US dollar is rising at a blistering clip, reaching its strongest level against other major currencies in almost…
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Heathrow asks airlines to stop selling summer tickets as it limits daily passengers to 100,000
By Livvy Doherty, CNN Business Heathrow Airport is asking airlines to stop selling any more tickets for travel this summer, as it announces a cap on…
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Peloton will stop making its own bikes
By Jordan Valinsky, CNN Business Peloton will stop making its own bikes and treadmills, a drastic change for the struggling company aimed at cutting…
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China tries to stem growing anger over frozen bank deposits
By Laura He, CNN Business Chinese authorities will start refunding bank customers whose accounts have been frozen for months, following some of the…
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