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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First on CNN: BTS is coming to Disney in a major streaming deal
By Michelle Toh, CNN Business Disney is bringing BTS to its streaming services, adding the world’s biggest band to its roster of digital stars.…
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Consumers’ inflation expectations hit record high
By Lucy Bayly, CNN Business Consumer expectations for prices to continue rising over the next year increased to the highest level on record,…
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A crucial Russian gas pipeline has been shut for repairs. Will it ever reopen?
By Julia Horowitz, CNN Business Since the West hit Russia with bruising sanctions following its invasion of Ukraine, a frightening question has…
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Opinion: The US can still avoid a recession. Here’s how
Opinion by Joseph H. Davis for CNN Business Perspectives The United States economy is in jeopardy. Higher prices for essentials like food and energy…
Continue Reading Opinion: The US can still avoid a recession. Here’s how
Opinion by Joseph H. Davis for CNN Business Perspectives The United States economy is in jeopardy. Higher prices for essentials like food and energy…
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This is what doomed Elon Musk’s Twitter deal
By Julia Horowitz, CNN Business When Elon Musk announced his intention to buy Twitter almost 90 days ago, the world — and financial markets —…
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How to get free fries at McDonald’s and Wendy’s this week
By Jordan Valinsky, CNN Business McDonald’s and Wendy’s are both giving away free fries this week. On Wednesday, in celebration of the…
Continue Reading The euro and the dollar are under half a penny away from 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 is nearly the same — the…
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Covid fears and new tech crackdown hit Chinese stocks and Macao casinos
By Laura He, CNN Business Chinese stocks fell on Monday as the threat of new Covid restrictions and a renewed regulatory offensive against big tech…
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China crushes mass protest by bank depositors demanding their life savings back
By Nectar Gan, CNN Chinese authorities on Sunday violently dispersed a peaceful protest by hundreds of depositors, who sought in vain to demand their…
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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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What’s next for Twitter now that Elon Musk wants out?
By Ramishah Maruf, CNN After announcing he wants out of his deal to buy Twitter, Elon Musk spent the weekend in Idaho at the Sun Valley Conference.…
Continue ReadingWWE’s Vince McMahon paid $12 million in hush money to multiple women, report says
By Frank Pallotta, CNN Business Former WWE chief executive Vince McMahon paid more than $12 million to four women to cover up “allegations of…
Continue Reading‘Thor: Love and Thunder’ nabs a mighty box office opening for Marvel
By Frank Pallotta, CNN Business The God of Thunder still has some pop. “Thor: Love and Thunder,” the latest film in the Marvel Cinematic…
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Bank earnings could be ugly. Here’s what to look for
By Nicole Goodkind, CNN Business Earnings season is upon us once again! It’s just like the holiday season except instead of presents and sweets…
Continue ReadingUS ports saw record imports this spring, as port workers’ contract expires
by Vanessa Yurkevich, CNN Another record breaking number of imports passed through the US’s major container ports this spring — showing…
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Why Campbell Soup hated, then embraced, Andy Warhol’s soup can paintings
by Alexandra Peers, CNN Business Sixty years ago today, the pop artist Andy Warhol unveiled a wall of 32 Campbell Soup can paintings at a Los Angeles…
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Nobody likes self-checkout. Here’s why it’s everywhere
By Nathaniel Meyersohn, CNN Business “Unexpected item in the bagging area.” “Please place item in the bag.” “Please…
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Ford and VW-backed self-driving company shuts down DC operations
By Matt McFarland, CNN Business Argo AI, the self-driving company backed by Ford and Volkswagen, is shutting down its Washington, DC operation as…
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You’re much more likely to buy an EV if you’ve ever had a ride in one
By Peter Valdes-Dapena, CNN Business The percentage of Americans who say they would “definitely buy” an electric vehicle has more than…
Continue ReadingWWE’s Vince McMahon paid $12 million in hush money to multiple women, report says
By Frank Pallotta, CNN Business Former WWE chief executive Vince McMahon paid more than $12 million to four women to cover up “allegations of…
Continue Reading‘Thor: Love and Thunder’ nabs a mighty box office opening for Marvel
By Frank Pallotta, CNN Business The God of Thunder still has some pop. “Thor: Love and Thunder,” the latest film in the Marvel Cinematic…
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‘Thor: Love and Thunder’ hopes to jolt a rebounding theater industry
By Frank Pallotta, CNN Business Two years ago, movie theaters were suffering through the pandemic and many in Hollywood wondered if going to the…
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Germany’s biggest landlord turns down the heat as Russian gas shortage bites
By Michelle Toh, CNN Business Germany’s biggest landlord will turn down the heat for hundreds of thousands of residents in the coming months as…
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GameStop fires its CFO and looks to cut staff
By Chris Isidore, CNN Business GameStop has fired its chief financial officer and is preparing to make cuts to its staff. Shares of the…
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The economy added 372,000 jobs in June, outpacing expectations
By Alicia Wallace, CNN Business The US economy added 372,000 jobs in June, an unexpected boost in hiring and a signal that the labor market…
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US will plunge into recession — but it didn’t have to, former IMF chief economist says
By Christine Romans, CNN Business It’s “almost impossible” for the Fed to tamp down inflation without tipping the US economy into a…
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US will plunge into recession — but it didn’t have to, former IMF chief economist says
By Christine Romans, CNN Business It’s “almost impossible” for the Fed to tamp down inflation without tipping the US economy into a…
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Why Costco’s $1.50 hot dog combo and 99-cent Arizona iced tea still cost the same
By Nathaniel Meyersohn, CNN Business The highest rate of inflation in decades has forced businesses to raise prices on food and other products once…
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Why inflation isn’t always bad for the stock market
By Nicole Goodkind, CNN Business If you follow markets news, you’ve probably seen a few hundred headlines this year akin to: “Stocks…
Continue Reading The economy added 372,000 jobs in June, outpacing expectations
By Alicia Wallace, CNN Business The US economy added 372,000 jobs in June, an unexpected boost in hiring and a signal that the labor market…
Continue ReadingChina says India risks scaring away investors with raids on its companies
By Diksha Madhok, CNN Business India risks damaging its reputation among foreign investors with its “frequent investigations” into…
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Prince Harry wins early victory in libel lawsuit against UK’s Mail on Sunday tabloid
By Lauren Said-Moorhouse and Lauren Kent, CNN Business Parts of a tabloid article alleging that Prince Harry tried to keep a legal challenge against…
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Black and Hispanic Americans are getting hit harder by inflation. Here’s why
By Tami Luhby, CNN Many Americans are struggling to cope with higher prices for food, gas, housing and other essentials. But inflation has taken an…
Continue ReadingOpinion: 4 ways governments can encourage businesses to meaningfully lower their carbon emissions
Opinion by Henry Fernandez for CNN Business Perspectives If the world hopes to limit the increase in global temperatures to 1.5 degrees Celsius —…
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Pringles wants a spider named after it
By Jordan Valinsky, CNN Business Pringles and spiders are probably two things you don’t associate with each other — until now. The…
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American Airlines is tripling pilots’ pay after a scheduling glitch left thousands of flights without pilots
By Chris Isidore, CNN Business American Airlines has agreed to pay its pilots triple their normal rate after a computer scheduling glitch left…
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Friday’s jobs report could be telling as recession worries mount
By Alicia Wallace, CNN Business Economic uncertainty and recession fears have yet to take the shine off a robust labor market, but investors and…
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GameStop shares are about to get much cheaper
By Jordan Valinsky, CNN Business GameStop shares will soon lose three quarters of their value. But don’t worry: It’s good news for…
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Mortgage rates see largest decline since 2008
By Anna Bahney, CNN Business Mortgage rates dropped for the second week in a row, notching the largest decline since December, 2008. The 30-year…
Continue ReadingBoris Johnson leaves an economic mess for his successor to fix
By Mark Thompson, CNN Business Boris Johnson was ultimately forced to resign as UK prime minister Thursday as dozens of members of his party quit the…
Continue ReadingBoris Johnson leaves an economic mess for his successor to fix
By Mark Thompson, CNN Business Boris Johnson was ultimately forced to resign as UK prime minister Thursday as dozens of members of his party quit the…
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Cotton’s plunge: Recession warning or just another market mess?
By Nicole Goodkind, CNN Business Cotton: it’s the touch, the feel, the fabric of our lives. It’s also in the middle of what economists…
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Tesla is beginning to recover in China with a sharp rebound in sales
By Laura He, CNN Business After a miserable couple of months in China, Tesla posted a sharp rebound in sales in June in its most important…
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Last Muslim lawmaker leaves India’s ruling party
By Rhea Mogul and Swati Gupta, CNN The last remaining Muslim lawmaker in India’s ruling Bharatiya Janata Party has resigned, leaving the party…
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‘Stranger Things’ is ending, but a spinoff is in the works
By Frank Pallotta, CNN Business “Stranger Things” is coming to an end, but its upside-down stories will live on. Both a live-action…
Continue ReadingChild care centers can’t afford to stay open. Here’s what this means for families
By Gabe Cohen, CNN From city centers to rural communities, many US child care providers are raising the price of tuition to combat inflation, adding…
Continue ReadingChild care centers can’t afford to stay open. Here’s what this means for families
By Gabe Cohen, CNN From city centers to rural communities, many US child care providers are raising the price of tuition to combat inflation, adding…
Continue ReadingIf you use your company’s abortion travel benefits, will your boss find out?
By Tami Luhby, CNN The corporate rush to cover employees’ abortion-related travel expenses following the Supreme Court’s decision to…
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