New home sales fell by nearly 17% in April as buying became even less affordable
By Anna Bahney, CNN Business The double punch of high home prices and rising mortgage rates took a toll on sales of newly constructed homes in April.…
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Johnny Depp, Amber Heard, and all of us
By Brian Stelter, CNN Business “It’s like the O.J. Simpson trial but with technology.” That’s what Autumn Witbeck, a…
Continue Reading‘Lunchflation’ is real. Returning to the office is costing us a fortune
By Kathryn Vasel, CNN Business Millions of employees started working remotely after the pandemic first took hold in 2020. But now, more people are…
Continue ReadingSocial media stocks plunge on Snapchat warning
By Paul R. La Monica, CNN Business Wall Street was not in a particularly social mood Tuesday. Social media stocks plummeted following an ominous…
Continue ReadingUK household energy bills set to rise by another 40%
By Anna Cooban, CNN Business Brits are bracing for another huge hike in their energy bills, and pressure is mounting on the UK government to impose a…
Continue ReadingOpinion: The US solar panel industry is on the verge of collapsing. Here’s how to prevent it
Opinion by Mark Wolfe for CNN Business Perspectives In March, the US Department of Commerce opened an investigation to determine if four countries…
Continue ReadingGlobalization is coming undone, and that’s a huge red flag
By Allison Morrow, CNN Business One of the many buzzwords percolating around Davos this week is “fragmentation,” the force economists…
Continue ReadingUK household energy bills set to rise by another 40%
CNN, CNNBUSINESS By Anna Cooban, CNN Business Brits are bracing for another huge hike in their energy bills, and pressure is mounting on the UK…
Continue ReadingSnap sends shares tumbling with warning on economy and earnings
By Reuters Snap Inc said the economy had worsened faster than expected in the last month and the social media company slashed its quarterly forecast,…
Continue ReadingAirbnb is closing its listings business in China
By Sahar Akbarzai and Michelle Toh, CNN Business Airbnb will shut down its listings in China after two years of lockdowns in the country “with…
Continue ReadingGlobalization is coming undone, and that’s a huge red flag
CNN, CNNBUSINESS By Allison Morrow, CNN Business One of the many buzzwords percolating around Davos this week is “fragmentation,” the…
Continue ReadingBefore Omicron, inflation and war, Americans’ finances hit new highs, survey shows
By Alicia Wallace, CNN Business Things were looking up for most Americans at the end of last year, with many households reporting their financial…
Continue ReadingStocks surge thanks to big rally for JPMorgan Chase and other banks
By Paul R. La Monica, CNN Business Investors took a break from selling in May and going away, for one day at least. Stocks soared Monday, as positive…
Continue ReadingGlobal economy faces ‘its biggest test’ since WWII
CNN, CNNBUSINESS By Julia Horowitz, CNN Business The global economy is being brought to the edge of a precipice by crisis upon crisis. As the first…
Continue ReadingDavos: Central bankers say cryptos aren’t real currencies
By Paul R. La Monica, CNN Business Stablecoins are unstable. Cryptocurrencies don’t act like currency. Does digital money ever stand a chance…
Continue ReadingOpinion: It’s time to prepare for a recession
CNN, CNNBUSINESS Opinion by Lakshman Achuthan and Anirvan Banerji for CNN Business Perspectives The economy is close to entering a recession, perhaps…
Continue ReadingT-Mobile and AT&T are Wall Street bright spots, but Verizon is struggling
By Paul R. La Monica, CNN Business Inflation concerns have made it a brutal year for stocks, but wireless service is one area where prices…
Continue ReadingMarkets are down, but these charts explain why investors shouldn’t panic
By Nicole Goodkind, CNN Business What goes up must come down, and what goes bull must go bear. The conventional wisdom is that a bit of market…
Continue ReadingMarkets are down, but these charts explain why investors shouldn’t panic
CNN By Nicole Goodkind, CNN Business What goes up must come down, and what goes bull must go bear. The conventional wisdom is that a bit of market…
Continue ReadingGoldman Sachs CEO calls subway shooting of employee a ‘senseless tragedy’
By Jordan Valinsky, CNN Business Goldman Sachs CEO David Solomon said he’s “devastated” about the shooting Sunday on a New York…
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