PR stunt or show of strength? Russia slashes interest rates
CNN, CNNBUSINESS By Mark Thompson and Clare Sebastian, CNN Business Russia slashed interest rates on Thursday as a resurgent ruble — buoyed by…
Continue ReadingMoney
Instacart: Baby formula searches surging as store shelves remain empty
CNN By Parija Kavilanz, CNN Business Instacart said searches for baby formula hit a record high in mid-May but the on-demand grocery delivery site is…
Continue ReadingInstacart: Baby formula searches surging as store shelves remain empty
By Parija Kavilanz, CNN Business Instacart said searches for baby formula hit a record high in mid-May but the on-demand grocery delivery site is…
Continue ReadingOpinion: It’s time to prepare for a recession
Opinion by Lakshman Achuthan and Anirvan Banerji for CNN Business Perspectives The economy is close to entering a recession, perhaps as soon as this…
Continue ReadingRussia could cut off Denmark and the Netherlands’ natural gas
CNN, KREMLIN, WORLD FOOD PROGAM, US BUREAU FOR ECONOMIC ANALYSIS, KIRILLOVKA.UKR, WEF By Anna Cooban, CNN Business Denmark and the Netherlands could…
Continue ReadingJustin Timberlake sells his entire music catalog
By Jennifer Korn, CNN Business Justin Timberlake sold his entire song catalog to a Blackstone-backed management company, joining a wave of recent…
Continue ReadingThe West united against Russia. Will its nerve hold as prices soar?
By Julia Horowitz, CNN Business When Ukrainian President Volodymyr Zelensky spoke by video to a packed room at the World Economic Forum in Davos,…
Continue Reading‘I wouldn’t trust them.’ Energy Secretary blasts Russia for ‘weaponizing’ energy
By Matt Egan, CNN Business Russia has spent the past half-century attempting to build a reputation on the world stage as a reliable supplier of…
Continue ReadingWealthy 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…
Continue Reading‘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 Reading