Wealthy shoppers are splurging at Macy’s. Low-income shoppers are pulling back at Walmart
By Nathaniel Meyersohn, CNN Business Decades-high inflation is leading to a split in American consumers’ behavior. Affluent shoppers are…
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‘Top Gun: Maverick’ jets to new box office record
CNN, CNN BUSINESS By Frank Pallotta, CNN Business “Top Gun: Maverick” took off at the box office this weekend — setting a new record in…
Continue ReadingChinese consumers are stuck at home but still spending a ton, Alibaba says
By Paul R. La Monica, CNN Business China’s economy has slumped as Covid cases surged in the world’s most populous country. But Chinese…
Continue Reading100,000 Chinese officials attend emergency meeting to revive Covid-hit economy
CNN By Jessie Yeung, CNN Business China’s cabinet held an emergency meeting with more than 100,000 participants on Wednesday, according to…
Continue ReadingMortgage rates fall slightly, but offer little relief to buyers
By Anna Bahney, CNN Business Mortgage rates fell for a second consecutive week, but still remain above 5%. The 30-year, fixed-rate mortgage averaged…
Continue ReadingVal Kilmer was once one of Hollywood’s biggest stars. ‘Top Gun: Maverick’ could be his last role
By Frank Pallotta, CNN Business “Top Gun: Maverick” hits theaters this weekend, marking the return of one of the biggest movie stars of…
Continue ReadingVal Kilmer was once one of Hollywood’s biggest stars. ‘Top Gun: Maverick’ could be his last role
PARAMOUNT PICTURES By Frank Pallotta, CNN Business “Top Gun: Maverick” hits theaters this weekend, marking the return of one of the…
Continue ReadingWhich Tom Cruise film has made the most at the ticket booth?
By Frank Pallotta, CNN Business Tom Cruise is one of the most popular movie stars in Hollywood history. The actor has had a 40 year career of hits…
Continue ReadingThe US economy shrank slightly faster in the first quarter
By Anneken Tappe, CNN Business America’s economy shrank in the first quarter of the year at a slightly faster rate than initially reported, the…
Continue ReadingThe US economy shrank slightly faster in the first quarter
CNN, CNNBUSINESS By Anneken Tappe, CNN Business America’s economy shrank in the first quarter of the year at a slightly faster rate than…
Continue ReadingJimmy Kimmel becomes emotional after Texas shooting: ‘These are our children’
CNN, HLN By Frank Pallotta, CNN Business Jimmy Kimmel delivered yet another emotional plea to America’s lawmakers after a mass shooting in…
Continue ReadingEuropean unity against Russia tested as talks on oil embargo drag on
CNN, CNNBUSINESS By Anna Cooban and James Frater, CNN Business Europe’s united front against Moscow is being put to the test as countries…
Continue ReadingUK hits oil and gas companies with $6 billion windfall tax
By Anna Cooban, CNN Business The UK government is introducing a £5 billion ($6.3 billion) tax on the windfall profits of its oil and gas companies,…
Continue ReadingCrypto is dead. Long live crypto
By Allison Morrow, CNN Business The deepening chasm between the crypto evangelists and naysayers may never have been as stark. On Wednesday,…
Continue ReadingPR stunt or show of strength? Russia slashes interest rates
By Mark Thompson and Clare Sebastian, CNN Business Russia slashed interest rates on Thursday as a resurgent ruble — buoyed by robust oil and gas…
Continue ReadingJimmy Kimmel becomes emotional after Texas shooting: ‘These are our children’
By Frank Pallotta, CNN Business Jimmy Kimmel delivered yet another emotional plea to America’s lawmakers after a mass shooting in America. The…
Continue ReadingPrices on almost everything at the grocery store are up – except rotisserie chicken. Here’s why
By Nathaniel Meyersohn, CNN Business At the grocery store, shoppers have seen food prices increase at their fastest pace in decades. Yet the price of…
Continue Reading100,000 Chinese officials attend emergency meeting to revive Covid-hit economy
By Jessie Yeung, CNN Business China’s cabinet held an emergency meeting with more than 100,000 participants on Wednesday, according to state…
Continue ReadingBiden is ‘obsessed’ with lowering ‘outrageous’ gas prices, but presidents don’t control prices, says Energy Secretary
By Matt Egan, CNN Business Energy Secretary Jennifer Granholm said President Joe Biden is laser-focused on knocking down sky-high gasoline prices,…
Continue ReadingPrices on almost everything at the grocery store are up – except rotisserie chicken. Here’s why
CNN, CNNBUSINESS By Nathaniel Meyersohn, CNN Business At the grocery store, shoppers have seen food prices increase at their fastest pace in decades.…
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