Opinion: The painful market selloff should be over soon
Opinion by Mark Zandi for CNN Business Perspectives The stock market is having a rough go. Since hitting an all-time high on the first trading day of…
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Moms are crossing borders in search of baby formula
By Parija Kavilanz, CNN Business For one group of workers, the baby formula shortage is a multi-pronged crisis that threatens not only the well-being…
Continue ReadingHome prices hit an all-time high, even as sales continue to slow
By Anna Bahney, CNN Business Home prices hit a new all-time high in June, even as home sales declined for the fifth straight month as a lack of…
Continue ReadingNearly ‘zero revenue’: Macao’s casinos were burning millions a day. Then came a lockdown
By Michelle Toh, CNN Business Macao’s casinos have been bleeding hundreds of millions of dollars a month during the pandemic. Now a prolonged…
Continue ReadingNetflix finally told investors what they want to hear. Now comes the hard part
By Julia Horowitz, CNN Business It wasn’t long ago that Wall Street would have bristled at such grim news out of Netflix: Between April and…
Continue ReadingFirst on CNN: Goodyear developing airless metal tires for GM’s moon buggy
By Peter Valdes-Dapena, CNN Business General Motors and Lockheed Martin are working together on a new Lunar Rover. but it needs tires. So, Goodyear…
Continue ReadingNext ‘Squid Game?’ Big ratings on Netflix boosts hope for next Korean hit
By Michelle Toh, CNN Business A new show about a young female attorney has become another South Korean hit on Netflix, giving investors hope that the…
Continue ReadingEurope plans to force countries to ration gas as Russia weaponizes energy
By Anna Cooban, CNN Business The European Union has unveiled its emergency gas rationing plan — a day before it fears Russia could drastically cut…
Continue ReadingChipotle permanently shutters store that filed to unionize
By Danielle Wiener-Bronner and Chris Isidore, CNN Business Chipotle permanently closed a restaurant in Augusta, Maine that filed to form a union last…
Continue ReadingNetflix’s vision for the future of streaming: More expensive or less convenient
CNN By Frank Pallotta, CNN Business Netflix lost roughly a million customers last quarter — the most in the company’s 25-year history. But it…
Continue ReadingNetflix loses subscribers, but stops the bleeding
By Frank Pallotta, CNN Business Netflix reported Tuesday that it lost 970,000 subscribers in the second quarter of 2022 — a number far lower than…
Continue ReadingHome building stalls as the real estate market cools. That won’t help affordability
By Anna Bahney, CNN Business Home builders are hitting the brakes as building costs rise and prospective buyers get priced out of the market. June…
Continue ReadingStarbucks CEO on store closings: ‘There are going to be many more’
By Danielle Wiener-Bronner, CNN Business Starbucks may not be done closing stores over safety concerns. “We are beginning to close…
Continue ReadingCrypto is making a big comeback. Will it last?
By Paul R. La Monica, CNN Business It has been an absolutely brutal year for investors in bitcoin and other cryptocurrencies. Bitcoin has lost more…
Continue ReadingNot everyone can afford air conditioning during a brutal heat wave. Here’s how they cope
By Tami Luhby, CNN Even when the temperature soars into the 90s, Linda Morris won’t turn on her air conditioning until she feels she’s…
Continue ReadingNot everyone can afford air conditioning during a brutal heat wave. Here’s how they cope
CNN By Tami Luhby, CNN Even when the temperature soars into the 90s, Linda Morris won’t turn on her air conditioning until she feels…
Continue ReadingOpinion: The pilot shortage is about to get a lot worse
Opinion by Geoff Murray, Andrew Medland and Rory Heilakka for CNN Business Perspectives The ongoing pilot shortage has already wreaked havoc on…
Continue ReadingThis is the key to getting the global economy working again
By Julia Horowitz, CNN Business Global supply chains are still a snarled mess, disrupting deliveries of goods, adding to headaches for businesses and…
Continue ReadingGM reports strong sales but says it’s prepared for possible recession
CNN, CNN BUSINESS By Chris Isidore, CNN Business General Motors said strong sales and demand for vehicles doesn’t suggest any signs of an…
Continue ReadingUK workers suffer their biggest pay drop in two decades as inflation bites
By Anna Cooban, CNN Business Workers in the United Kingdom are struggling with the biggest drop in pay in more than two decades, as surging food and…
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