European Central Bank confirms plans for first rate hike in 11 years
CNN By Anna Cooban and Julia Horowitz, CNN Business The European Central Bank held off on raising interest rates on Thursday, but confirmed plans for…
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World Bank says recession will be ‘hard to avoid’ for many countries
By Paul R. La Monica, CNN Business You can add the World Bank to the growing chorus sounding recession alarm bells. In its latest outlook, World Bank…
Continue ReadingKohl’s puts up a for-sale sign
By Nathaniel Meyersohn, CNN Business Kohl’s may soon have a new owner. Kohl’s said late Monday that it had entered into a three-week…
Continue ReadingJanet Yellen: ‘Unacceptable’ inflation is a global problem
By Matt Egan, CNN Business US Treasury Secretary Janet Yellen conceded on Tuesday that inflation is at “unacceptable levels,” but she…
Continue ReadingWages are rising at their fastest pace in decades. Here’s how that stacks up with inflation
By Tami Luhby and Tal Yellin, CNN The white-hot labor market has driven up wages faster than at any time since the mid-1980s, as employers struggle…
Continue ReadingGoldman Sachs predicts $140 oil as gas prices spike near $5 a gallon
By Matt Egan, CNN Business High oil and gasoline prices will need to rise even higher this summer to incentivize new production and discourage…
Continue ReadingTarget is ramping up discounts. Here’s why
By Nathaniel Meyersohn, CNN Business Target is stuck with too much home decor and too many TVs. To clear out the glut, it will ramp up discounts. The…
Continue ReadingOpinion: How the US can stop relying on other countries for energy and fight climate change
Opinion by Ralph Izzo for CNN Business Perspectives Russia’s move to cut off natural gas supplies to Poland and Bulgaria, and more recently…
Continue ReadingCEOs are enjoying huge paydays while their workers struggle to pay bills
By Allison Morrow, CNN Business Despite all the buzz about the “Great Resignation” and a renaissance for the working classes in America,…
Continue Reading‘Uninvestable’ China could make a comeback
CNN, WEIBO By Julia Horowitz, CNN Business Foreign investors lost their nerve on parking money in China over the past year, as Beijing cracked down…
Continue Reading‘Uninvestable’ China could make a comeback
By Julia Horowitz, CNN Business Foreign investors lost their nerve on parking money in China over the past year, as Beijing cracked down on the…
Continue ReadingLettuce shortage forces KFC to offer cabbage in Australia
By Michelle Toh, CNN Business KFC has been forced to make menu changes again in Australia, as the fast food chain is hit with shortages of key…
Continue ReadingAlibaba and JD.com stocks rally on hopes tech crackdown may be over
By Laura He, CNN Business Shares in Chinese tech companies have surged this week on hopes that Beijing is close to ending a yearlong regulatory…
Continue ReadingThe Washington Post suspends reporter David Weigel over sexist retweet
By Oliver Darcy, CNN Business The Washington Post has suspended reporter David Weigel for one month without pay for retweeting a sexist joke, two…
Continue ReadingThe world’s biggest four-day work week pilot begins
CNN, CNNBUSINESS By Anna Cooban, CNN Business Thousands of UK workers are starting a four-day work week from Monday with no cut to their pay in the…
Continue ReadingExclusive: Wendy’s is finally selling this ‘highly anticipated’ Frosty flavor
By Jordan Valinsky, CNN Business Wendy’s is adding a new Frosty to its lineup — its first new flavor in nearly three years. Beginning Monday,…
Continue ReadingIt’s been a rough year for social media stocks. Blame TikTok
CNN, CNN BUSINESS By Paul R. La Monica, CNN Business This year has so far been miserable for investors in social media companies. Shares of Facebook…
Continue ReadingIt’s been a rough year for social media stocks. Blame TikTok
By Paul R. La Monica, CNN Business This year has so far been miserable for investors in social media companies. Shares of Facebook and Instagram…
Continue ReadingWhy US gas prices are at a record, and why they’ll stay high for a long time
By Chris Isidore, CNN Business Russia’s invasion of Ukraine is a major reason that US drivers are paying record prices for gasoline. But…
Continue ReadingDear Gen Z: Here’s how to survive your first bear market
By Nicole Goodkind, CNN Business The pandemic brought a wave of new investors into the stock market. And now those newbies are facing their first…
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