Dow suffers worst month since March 2020
By Paul R. La Monica, CNN Business September was a horrible month for stocks. The Dow fell nearly 9%, its worst monthly drop since March 2020, when…
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Americans are still weighed down by high inflation, though sentiment is improving
By Tami Luhby and Alicia Wallace, CNN Americans are feeling more positive about the economy and believe inflation will settle down — but plenty of…
Continue ReadingEurope faces ‘scary situation’ following mysterious pipeline leaks, former US regulator says
CNN By Matt Egan The apparent sabotage of the Nord Stream pipelines running from Russia underscore Europe’s massive energy vulnerabilities,…
Continue ReadingEurope faces ‘scary situation’ following mysterious pipeline leaks, former US regulator says
By Matt Egan The apparent sabotage of the Nord Stream pipelines running from Russia underscore Europe’s massive energy vulnerabilities, former…
Continue ReadingAnother major brand is discounting its extra inventory
By Nathaniel Meyersohn, CNN Business Add Nike to the list of brands and stores discounting excess merchandise to clear it off shelves. Nike said…
Continue ReadingHurricane Ian could be Florida’s costliest storm ever
CNN By Chris Isidore, CNN Business Hurricane Ian may have caused as much as $47 billion in insured losses, according to the latest estimate, which…
Continue ReadingGM’s Cruise wants to add 5,000 more robotaxis to American streets. This city warns it could backfire
By Matt McFarland, CNN Business GM’s self-driving car subsidiary Cruise said earlier this year that it wants to add as many as 5,000 more…
Continue ReadingHurricane Ian could be Florida’s costliest storm ever
By Chris Isidore, CNN Business Hurricane Ian may have caused as much as $47 billion in insured losses, according to the latest estimate, which could…
Continue ReadingSpanx names a new CEO
By Parija Kavilanz, CNN Business Spanx, a brand founded by shapewear pioneer Sara Blakely, has named Kim Jones her successor as CEO. The…
Continue ReadingEU agrees to tax windfall oil and gas profits amid ‘insane race’ to tame energy crisis
By Anna Cooban, CNN Business EU governments agreed Friday to tax the windfall profits of oil and gas companies and to cap the revenues of some…
Continue ReadingFed’s preferred measure of inflation shows prices surged again last month
Martha C. White for CNN Business After hitting an alarming 40-year high in June, the Federal Reserve’s preferred benchmark for consumer…
Continue ReadingCan Porsche cure an ailing IPO market?
By Nicole Goodkind, CNN Business Warnings of global recession are widespread, inflation is persistent and Russia is escalating the crisis in Europe.…
Continue ReadingThe UK economy still hasn’t recovered from the pandemic. Now it’s on the ropes again
By Mark Thompson, CNN Business There was good news and bad in Friday’s revised data about the UK economy. It grew — marginally — in the…
Continue ReadingFlorida’s home insurance market was a mess before Ian. It’s about to get worse
CNN By Chris Isidore, CNN Business Florida homeowners were already facing an expensive and difficult market for home insurance before Hurricane Ian.…
Continue ReadingFlorida’s home insurance market was a mess before Ian. It’s about to get worse
By Chris Isidore, CNN Business Florida homeowners were already facing an expensive and difficult market for home insurance before Hurricane Ian. The…
Continue ReadingKing Charles III’s coin portrait unveiled by UK Royal Mint
By Amarachi Orie, CNN Business The portrait of King Charles III that will feature on British coins has been unveiled by the Royal Mint, the official…
Continue ReadingLed by Hong Kong, Asian stocks on track to suffer worst month since Covid began
By Laura He, CNN Business Asian markets are careening toward their worst month since the Covid pandemic began, hit by a mighty US dollar and rising…
Continue ReadingWhy the ghost of 2008 still haunts us in 2022
CNN, CNN BUSINESS By Allison Morrow, CNN Business All week, there have events in the news that have come in under of the banner of “this…
Continue ReadingWhy the ghost of 2008 still haunts us in 2022
By Allison Morrow, CNN Business All week, there have events in the news that have come in under of the banner of “this hasn’t happened…
Continue ReadingNASA, SpaceX to study boosting Hubble to higher orbit in a bid to extend its life
By Jackie Wattles, CNN Officials at NASA have signed a Space Act Agreement with SpaceX to investigate the benefits and risks of having a private…
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