FedEx hikes package rates for 2023
CNN By Nathaniel Meyersohn and Chris Isidore, CNN Business FedEx will raise ground and express shipping rates by an average of 6.9% next year, the…
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Why Jamie Dimon apologized to Elizabeth Warren
CNN, CNN BUSINESS By Nicole Goodkind, CNN Business JPMorgan Chase CEO Jamie Dimon testified on Capitol Hill Thursday for the second straight day.…
Continue ReadingWhy it’s getting even harder to keep a roof over your head
By Anna Bahney, CNN Business Americans looking to buy or rent a home have had a rough year. Rents are up by double-digit percentages in some cities.…
Continue ReadingHertz is buying up to 175,000 electric vehicles from GM
By Peter Valdes-Dapena, CNN Business Hertz has agreed to purchase up to 175,000 electric vehicles from General Motors over the next five years. This…
Continue ReadingRising mortgage rates hit home builders as buyers pull back
By Paul R. La Monica, CNN Business Prospective home buyers are getting hit by a double whammy of bad news: Prices remain prohibitively high for many…
Continue ReadingUS economic barometer drops for sixth month in a row, potentially ‘signaling a recession’
By Matt Egan A comprehensive gauge on the health of the US economy dropped in August for the sixth straight month, reinforcing concerns about a…
Continue ReadingAmazon’s ‘Thursday Night Football’ is a hit
By Frank Pallotta, CNN Business Amazon hit it big with its “Thursday Night Football” debut. The tech giant’s first exclusive NFL…
Continue ReadingAmerica’s dependence on credit cards is growing. The Fed’s rate hike will make it more painful
Martha C. White As prices continue to rise, Americans are becoming increasingly reliant on credit cards to make purchases. And now, with the Federal…
Continue ReadingAlex Jones admonished by judge as Sandy Hook defamation trial goes off the rails
By Oliver Darcy, CNN Business Conspiracy theorist Alex Jones tangled Thursday in an explosive courtroom exchange with an attorney for families of…
Continue ReadingWhy Jamie Dimon apologized to Elizabeth Warren
By Nicole Goodkind, CNN Business JPMorgan Chase CEO Jamie Dimon testified on Capitol Hill Thursday for the second straight day. This time, he faced…
Continue ReadingMortgage rates rise to nearly 6.3%, the highest level since 2008
By Anna Bahney, CNN Business Mortgage rates jumped higher for the fifth week in a row, further pushing past 6% in the face of yet another aggressive…
Continue ReadingTesla recalls 1.1 million cars for windows that can ‘pinch’
By Chris Isidore, CNN Business Tesla said it has spotted a flaw in 1.1 million cars’ windows that could pinch occupants while closing. The…
Continue ReadingAlex Jones admonished by judge as Sandy Hook defamation trial goes off the rails
CNN, WFSB By Oliver Darcy, CNN Business Conspiracy theorist Alex Jones tangled Thursday in an explosive courtroom exchange with an attorney for…
Continue ReadingJake Tapper heads to primetime as CNN announces slate of midterm elections programming
By Oliver Darcy, CNN Business Jake Tapper is moving to primetime as part of a sweeping set of programming changes CNN announced Thursday that will…
Continue ReadingJerome Powell is heading into the ‘danger zone’
By Julia Horowitz, CNN Business When the Federal Reserve started hiking interest rates to combat decades-high inflation, Chair Jerome Powell stressed…
Continue ReadingWalmart isn’t waiting for Black Friday. It’s ready for holiday shoppers now
By Parija Kavilanz, CNN Business Halloween is still a month away, but Walmart is ready for Christmas. Walmart on Thursday said it’s getting the…
Continue ReadingJapan intervenes to prop up the yen for first time in 24 years
By Junko Ogura, Emi Jozuka and Kathleen Benoza Japan tried to shore up the value of its currency Thursday by buying yen and selling US dollars for…
Continue ReadingBank of England hikes interest rates by half a point for second straight month
By Mark Thompson, CNN Business The Bank of England announced its seventh interest rate hike in less than a year on Thursday, despite forecasting a…
Continue ReadingHong Kong stocks hit an 11-year low after historic Fed rate hike
By Laura He, CNN Business Hong Kong stocks hit their lowest level in more than a decade Thursday and other Asian markets also fell after the US…
Continue ReadingKia, Hyundai are easy targets for thieves, insurance data confirms
CNN By Peter Valdes-Dapena, CNN Business Stealing older model Hyundai and Kia cars and SUVs became a scary social media trend. Now, data from the…
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