Global markets and US futures turn lower after Fed rate hike
By Laura He, CNN Business European markets and US stock futures fell Thursday, a day after the Fed got tough on inflation with its biggest rate hike…
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One more sign the housing market is cooling off
CNN, CNN BUSINESS By Anna Bahney, CNN Business Another indication the hot housing market is cooling off? New residential construction and the number…
Continue ReadingReal estate job cuts: Redfin and Compass announce layoffs
By Anna Bahney, CNN Business Mortgage rates are climbing, home sales are dropping and some of the nation’s largest real estate companies are…
Continue ReadingThe Federal Reserve passes the buck on inflation
CNN, CNNBUSINESS By Nicole Goodkind, CNN Business The mission of the Federal Reserve is to foster the stability of US monetary systems. It’s…
Continue ReadingFed hikes interest rates by three-quarters of a percentage point in boldest move since 1994
CNN, POOL By Nicole Goodkind, CNN Business The Federal Reserve raised interest rates by three-quarters of a percentage point on Wednesday in an…
Continue ReadingTwo students sue shipping giant Maersk, alleging sexual assault and harassment
By Blake Ellis and Melanie Hicken, CNN An 18-year-old US Merchant Marine Academy student who was repeatedly harassed and groped by older, male crew…
Continue ReadingFed hikes interest rates by three-quarters of a percentage point in boldest move since 1994
By Nicole Goodkind, CNN Business The Federal Reserve raised interest rates by three-quarters of a percentage point on Wednesday in an aggressive move…
Continue ReadingTriple whammy for European gas supplies sends prices soaring
By Anna Cooban, CNN Business Europe’s natural gas supply has suffered its third blow in 48 hours, sending prices rocketing 42% higher from…
Continue ReadingConsumers pull back spending due to high gas and food prices
By Chris Isidore, CNN Business The high cost of gas and food is causing US consumers to pull back spending on other items, suggesting a slowdown in…
Continue ReadingManufacturing CEOs are worried about a recession
By Matt Egan, CNN Business High inflation and rising recession risks are darkening the mood in the manufacturing industry. Fifty-nine percent of…
Continue ReadingHere’s why crypto experts are shrugging off the bitcoin crash
By Nicole Goodkind, CNN Business Cryptocurrency is having a terrible week. And it’s only Wednesday. Still, long-term investors are shrugging…
Continue ReadingTeslas using driver-assist systems were involved in 273 crashes over the past 9 months, according to NHTSA
By Matt McFarland, CNN Business The National Highway Traffic Safety Administration released on Wednesday nine months of crash data from vehicles…
Continue ReadingFord recalls 2.9 million vehicles that could roll away when placed in park
By Chris Isidore, CNN Business Ford is recalling 2.9 million vehicles that might not shift into the correct gear and could move in an unintended…
Continue ReadingBitcoin has crashed more than 30% this week to $20,000
By Anna Cooban, CNN Business Bitcoin continues to tumble this week to trade just above $20,000 on Wednesday as the cryptocurrency sell-off shows…
Continue ReadingThe Fed’s risky experiment to control inflation
By Julia Horowitz, CNN Business The Federal Reserve knows it needs to demonstrate that it can get inflation under control — and fast. What’s…
Continue ReadingWhat today’s Fed rate hike means for you
CNN, POOL By Matt Egan, CNN Business The Federal Reserve is stepping up its war on inflation. That means borrowing costs are going sharply higher for…
Continue ReadingEuropean Central Bank tries to ease fears of a debt crisis after bond ‘panic’
CNN By Clare Sebastian and Julia Horowitz, CNN Business The European Central Bank has tried to calm fears of a debt crisis by promising…
Continue ReadingMukesh Ambani, Asia’s richest man, bets billions on the future of cricket
By Diksha Madhok, CNN Business Indian billionaire Mukesh Ambani has now added a massive cricket deal to his empire. A venture backed by Ambani has…
Continue ReadingChina’s shoppers are still on strike and youth unemployment is rising
By Laura He, CNN Business China’s economy showed some signs of improvement in May, but retail sales contracted for a third month in a row,…
Continue ReadingEuropean Central Bank tries to ease fears of a debt crisis after bond ‘panic’
By Clare Sebastian and Julia Horowitz, CNN Business The European Central Bank has tried to calm fears of a debt crisis by promising…
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