This closely watched inflation measure showed some cooling in July
By Alicia Wallace, CNN Business The Federal Reserve’s favored inflation indicator showed that prices took a breather last month as fuel costs…
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Strikes sweep Britain as soaring inflation savages living standards
CNN By Anna Cooban, CNN Business Workers in the United Kingdom have had enough of falling living standards. Rail workers, journalists, lawyers, and…
Continue ReadingAll eyes will be on Jerome Powell at the Fed’s Jackson Hole economic summit
Martha C. White Inflation talk is expected to dominate the Federal Reserve’s annual summer gathering in Jackson Hole, Wyoming, which kicked off…
Continue ReadingDon’t pay too much attention to what Jerome Powell says today
By Julia Horowitz, CNN Business The big event for investors on Friday is in Jackson Hole, Wyoming, where Federal Reserve Chair Jerome Powell will…
Continue ReadingPet owners, Maytag feels your laundry pain
By Parija Kavilanz, CNN Business We love our pets, but their shedding? Not so much. Pesky pet hair and dander loves to cling on to clothes and it…
Continue ReadingSleep, talk about coffee, wake up, talk about coffee: Papua New Guinea has a brand new minister job
By Tara Subramaniam, CNN Business The leader of Papua New Guinea has appointed what are believed to be the world’s first ministers for coffee…
Continue ReadingTesla ‘full self-driving’ debate escalates with legal threats, banned videos
CNN By Matt McFarland, CNN Business This month, Tesla fans rushed to defend the automaker after a prominent critic released a video showing one of…
Continue ReadingTesla ‘full self-driving’ debate escalates with legal threats, banned videos
By Matt McFarland, CNN Business This month, Tesla fans rushed to defend the automaker after a prominent critic released a video showing one of the…
Continue ReadingPaul Newman’s daughters are suing the Newman Foundation
By Danielle Wiener-Bronner, CNN Business Two of Paul Newman’s daughters have filed a lawsuit against the Newman’s Own Foundation,…
Continue ReadingEven dollar stores are starting to feel the pinch from inflation
By Paul R. La Monica, CNN Business Dollar stores, as their name suggests, offer inexpensive products for bargain-hungry shoppers. But even Dollar…
Continue ReadingFedEx partners threaten to halt holiday deliveries
By Chris Isidore, CNN Business People hoping to get their holiday shopping delivered on time could be caught in the middle of a growing battle…
Continue ReadingLayoffs. Losses. Plunging share prices. These pandemic winners are now struggling
CNN, CNN BUSINESS By Chris Isidore, CNN Business Few companies flourished more amid the pandemic’s economic upheaval than Peloton. With people…
Continue ReadingPeloton had another dismal quarter
By Jordan Valinsky, CNN Business Peloton’s rough road to recovery continues. The fitness company’s quarterly revenue came in below Wall…
Continue ReadingMortgage rates climb again, jumping to more than 5.5%
By Anna Bahney, CNN Business Mortgage rates jumped higher this week as investors tried to make sense of data that gave mixed signals about the health…
Continue ReadingMortgage rates climb again, jumping to more than 5.5%
CNN, CNN BUSINESS By Anna Bahney, CNN Business Mortgage rates jumped higher this week as investors tried to make sense of data that gave mixed…
Continue ReadingLong Covid is keeping as many as 4 million Americans out of work
By Matt Egan, CNN Business The pandemic continues to cast a shadow over the workforce. Long Covid, a combination of symptoms that emerge months or…
Continue ReadingComputer chips were in high demand. Then inflation kicked in
By Julia Horowitz, CNN Business When consumers were stuck inside during the early stages of the Covid-19 pandemic, there weren’t many places to…
Continue ReadingSecond-quarter GDP declined less than previously thought, but the economy is still shrinking
By Alicia Wallace, CNN Business The US economy shrank at a slightly slower rate than estimated during the second quarter, according to updated data…
Continue ReadingFrom energy to drinking water, China has lots to fix in its economy
By Laura He, CNN Business China has unveiled 19 new measures to shore up its economy and “secure drinking water” supply as the country…
Continue ReadingWhy Tesla’s stock is so much cheaper today
By Paul R. La Monica, CNN Business Tesla’s stock price is set to drop at the opening bell Thursday, but not because of anything Elon Musk…
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