Beware of fad stocks. Truly owner, Snap and Zoom have plunged
By Paul R. La Monica, CNN Business Fads come and go in fashion. (Are skinny jeans no longer a thing?) The same is true of the stock market. Investors…
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‘Batten down the hatches’: Bezos and fellow billionaires are issuing recession warnings
By Allison Morrow, CNN Business Even the uber-rich are on edge now about the economy. Elon Musk and Jeff Bezos, two of the wealthiest people on the…
Continue ReadingKey US bond yield hits highest level since June 2008
By Paul R. La Monica, CNN Business More bad news for anyone looking to buy a home: The benchmark 10-year Treasury bond yield rose to about 4.23%…
Continue ReadingMortgage rates rise again, creeping closer to 7%
By Anna Bahney, CNN Business Mortgage rates rose again this week, stopping just short of the 7% mark. The 30-year fixed-rate mortgage averaged 6.94%…
Continue ReadingAmerican Airlines: Our customers aren’t buying international first class tickets. So we’re eliminating them
By Chris Isidore, CNN Business American Airlines expanded on its plan to drop first-class seats on its international flights and replace them with…
Continue ReadingUS home sales fall for 8th month in a row in September, the longest slump since 2007
By Anna Bahney, CNN Business Home sales in the US declined for the eighth month in a row in September as surging mortgage rates and high prices…
Continue ReadingThe Fed isn’t about to back down from its inflation fight
By Julia Horowitz, CNN Business Twelve days from now, the Federal Reserve will meet again, and expectations for the central bank’s next moves…
Continue ReadingThe Fed may have to blow up the economy to get inflation under control
CNN, CNN BUSINESS By Paul R. La Monica, CNN Business The Federal Reserve is most likely going to raise interest rates by three quarters of a…
Continue ReadingIs Barilla really ‘Italy’s No. 1 brand of pasta?’ A lawsuit says no
By Jordan Valinsky, CNN Business Barilla can’t avoid a class-action lawsuit over allegedly deceptive advertising about the pasta’s…
Continue ReadingExclusive: Wonder Bread will have its first-ever float in the Macy’s Thanksgiving Day Parade
By Jordan Valinsky, CNN Business For any company that’s been around for a century, it can be hard to keep the brand fresh. Wonder Bread hopes…
Continue ReadingChinese stocks tumble to multi-year lows in New York and Hong Kong amid party congress
CNN By Laura He, CNN Business Chinese stocks have hit multi-year lows in New York and Hong Kong amid growing concerns about China’s rising…
Continue ReadingChinese stocks tumble to multi-year lows in New York and Hong Kong amid party congress
By Laura He, CNN Business Chinese stocks have hit multi-year lows in New York and Hong Kong amid growing concerns about China’s rising Covid…
Continue ReadingTesla earnings rebound but will miss 50% growth target
By Chris Isidore, CNN Business Tesla posted a solid quarter of earnings and record revenue, but now says it will fall short of its target for a 50%…
Continue ReadingGas prices are heading down, with or without Biden’s help
By Chris Isidore, CNN Business It’s not at all clear if President Joe Biden’s latest announcement that he’s releasing oil from the…
Continue Reading3 things that will help reduce the sting of high inflation
CNN By Jeanne Sahadi, CNN Business There’s really nothing nice to say about inflation when it comes to your bottom line. It’s hard on…
Continue ReadingCovid’s WFH revolution helped fuel a baby boom
By Alicia Wallace, CNN Business Economic factors, not just lockdown-induced forced proximity, played a key role in last year’s “baby…
Continue ReadingNew IRS rules mean your paycheck could be bigger next year
By Jeanne Sahadi, CNN Business Inflation may be pushing prices up, but it also may help push up your take-home pay starting next year. Thanks to…
Continue ReadingNew IRS rules mean your paycheck could be bigger next year
CNN, INSTITUTE OF POLITICS AT HARVARD KENNEDY SCHOOL, POOL By Jeanne Sahadi, CNN Business Inflation may be pushing prices up, but it also may help…
Continue Reading‘Serious concerns’: These senators are pushing back on the $25 billion Kroger-Albertsons merger
By Nathaniel Meyersohn, CNN Business The proposed $25 billion Kroger-Albertsons grocery giant merger is already running into significant opposition…
Continue ReadingWaymo to expand robotaxi service to Los Angeles
By Matt McFarland, CNN Business Waymo, the robotaxi provider of Google’s parent company Alphabet, said Wednesday that it will expand its…
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