Gap launches its store on Amazon
By Parija Kavilanz, CNN Business Gap announced Thursday that it has officially launched its store on Amazon. While shoppers were able to buy Gap…
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The US monthly budget deficit dropped to $88 billion in October, down 47% for the year
By Alicia Wallace, CNN Business The US government recorded a monthly budget deficit of $88 billion in October, the Treasury Department reported…
Continue ReadingAlex Jones ordered to pay nearly half a billion dollars to Sandy Hook families in additional damages
By Oliver Darcy and Sonia Moghe, CNN A Connecticut judge on Thursday ordered right-wing conspiracy theorist Alex Jones to pay an additional $473…
Continue ReadingSome relief for consumers: Prices on a few grocery items are actually coming down
By Parija Kavilanz, CNN Business Is there anything at your local grocery store (besides avocados) that’s getting less — not more —…
Continue ReadingKFC Germany apologizes for advertising a Kristallnacht promotion
By Danielle Wiener-Bronner, CNN Business KFC Germany apologized for an “unacceptable” message sent to customers on Wednesday, which…
Continue ReadingHome prices rose almost everywhere in the US this summer
By Anna Bahney, CNN Business In case you needed more evidence of how much home prices have skyrocketed: Even as the housing market was cooling over…
Continue ReadingFred Hickman, who helped launch CNN Sports and YES Network, dead at 66
By Chris Isidore and David Close, CNN Fred Hickman, a pioneering sports broadcaster and anchor who helped to launch two major cable networks and…
Continue ReadingUK police ‘got it wrong’ by arresting journalists covering climate protests
By Anna Cooban, CNN Business UK police arrested and detained three journalists covering a climate protest earlier this week, raising concerns that…
Continue ReadingThis is the moment Wall Street has been waiting for
By Paul R. La Monica and Nicole Goodkind, CNN Stocks soared in their best day since 2020 on Thursday after new economic data showed that price…
Continue ReadingNew car prices are finally coming down. But not by much
By Peter Valdes-Dapena, CNN Business New car prices are finally coming down. A little, anyway. Cars are still selling, on average, for more than the…
Continue ReadingLatest inflation report shows wholesale prices rose at a slower pace last month
CNN By Alicia Wallace, CNN Business A key measure of inflation, wholesale prices, rose by 8% in October from a year before, according to the latest…
Continue ReadingExclusive: Wendy’s is selling its first-ever holiday Frosty
By Jordan Valinsky, CNN Business Wendy’s is adding a holiday-themed Frosty to its menu for the first time ever. Beginning next Tuesday,…
Continue ReadingAll eyes on the consumer ahead of Black Friday and the holidays
CNN, CNN BUSINESS By Paul R. La Monica, CNN Business It has been a tough year for American consumers. Inflation everywhere. Rapidly rising interest…
Continue ReadingHere’s what’s getting more expensive at the grocery store
By Danielle Wiener-Bronner, CNN Business Food is still getting more expensive, but at a slower pace than earlier this year. In the month of October,…
Continue ReadingCrypto is in chaos as FTX files for bankruptcy
By Allison Morrow, CNN Business In the space of a week, a 30-year-old entrepreneur once hailed as a modern-day J.P. Morgan watched his digital…
Continue ReadingMortgage rates rise back above 7%
By Anna Bahney, CNN Business Mortgage rates have jumped back above 7%, after dropping last week. The 30-year fixed-rate mortgage averaged 7.08% in…
Continue ReadingThe 5 biggest takeaways from earnings season
By Nicole Goodkind, CNN Business The third-quarter corporate earnings season is wrapping up: We now have reports from about 450 of the S&P 500,…
Continue ReadingInflation cools much more than expected in October
By Alicia Wallace, CNN Business Americans and the Federal Reserve got some welcome news Thursday on inflation. The Consumer Price Index rose 7.7% for…
Continue ReadingThe economy was a big concern for voters. Thursday’s inflation report likely won’t help
CNN, CNNBUSINESS By Alicia Wallace, CNN Business The economy was top of mind for voters in the midterm elections, exit polls showed, adding even more…
Continue ReadingAnalysis: Why the news media got the midterm ‘red wave’ narrative so wrong
By Oliver Darcy, CNN Business The White House believes that the press has “egg on their faces, yet again.” That’s according to a…
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