More than $7 trillion has been wiped out from the stock market this year
By Paul R. La Monica, CNN Business Somebody cue the stock market’s park ranger: Bears are having a picnic on Wall Street this year. The…
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Not all recessions are the same. Here’s what could happen to the economy and markets
By Nicole Goodkind, CNN Business Economists, CEOs, Wall Street and Main Street are sounding the recession alarm bell. Most agree a recession could…
Continue ReadingWhy this obscure corner of the crypto world has investors in a panic
By Allison Morrow, CNN Business Within the often head-scratching world of cryptocurrencies, there’s a small but growing sub-species known as…
Continue ReadingOpinion: No more union-busting. It’s time for companies to give their workers what they deserve
Opinion by Jennifer Sherer for CNN Business Perspectives This year, workers at Amazon, Starbucks and other major corporations are winning a wave of…
Continue ReadingAnother key inflation measure slowed in April
By Anneken Tappe, CNN Business Economists and investors are hopeful that we’re past the pandemic inflation peak, as another key price index…
Continue ReadingPanic in the crypto market has Janet Yellen’s attention
By Julia Horowitz, CNN Business Investors in stocks, bonds and commodities are all on edge right now. But in the market for cryptocurrencies, unease…
Continue ReadingRobinhood soars after 30-year old crypto billionaire takes stake
CNN, CNNBUSINESS By Paul R. La Monica, CNN Business It’s been a brutal year for Robinhood. The twin plunges of stocks and bitcoin have crushed…
Continue ReadingLas Vegas casino owner surprises 5,000 employees with $5,000 bonuses
By Jordan Valinsky, CNN Business The Cosmopolitan of Las Vegas surprised its more than 5,000 employees on Wednesday with a one-time $5,000 bonus. The…
Continue ReadingSoftBank reports record $27.5 billion loss on crashing tech stocks
By Michelle Toh, CNN Business SoftBank’s mega tech funds lost more than $27 billion in the last fiscal year, by far their worst performance on…
Continue ReadingSaudi Aramco eclipses Apple to once again become the world’s most valuable company
By Michelle Toh, CNN Business Saudi Aramco has overtaken Apple as the world’s most valuable company, underscoring the recent surge in oil…
Continue ReadingRivian shares rise, despite larger than expected loss
By Chris Isidore, CNN Business Electric truck maker Rivian delivered some much needed assurance to Wall Street Wednesday, even as it reported a…
Continue ReadingLimiting abortion access is bad for the economy
CNN, CNNBUSINESS By Anneken Tappe, CNN Business Reproductive rights activists are worried about women losing abortion access in parts of the United…
Continue ReadingDisney avoids Netflix’s fate as streaming subscriptions grow
By Frank Pallotta, CNN Business Disney’s streaming numbers were under the microscope on Wednesday after Netflix’s stock tanked last month…
Continue ReadingVolkswagen is bringing back the Scout as an electric SUV
By Peter Valdes-Dapena, CNN Business The Scout, a one-time competitor to Ford Broncos and Jeeps that was last sold more than four decades ago, is…
Continue ReadingKohl’s holds off barbarians at the gate… for now
By Nathaniel Meyersohn, CNN Business The pitchforks have been out for Kohl’s over the past year. Activist investors have criticized the…
Continue ReadingIsraeli police beat mourners with batons at funeral procession for veteran journalist
CNN By Atika Shubert and Abeer Salman, CNN Mourners flocked to Jerusalem’s streets on Friday to attend the burial of veteran Al Jazeera…
Continue ReadingHere’s what’s getting more expensive at the grocery store
By Danielle Wiener-Bronner, CNN Business Inflation may be slowing just a bit, but food prices are on fire. Food prices were 9.4% higher in April 2022…
Continue ReadingShireen Abu Akleh, journalist killed in the West Bank, was ‘the voice of Palestinian suffering’
By Nadeen Ebrahim and Abbas Al Lawati, CNN Veteran Palestinian-American journalist Shireen Abu Akleh was a household name in the Arab world. For two…
Continue ReadingTesla’s stock slide raises doubts about Elon Musk’s Twitter purchase
CNN, CNN BUSINESS By Paul R. La Monica, CNN Business Elon Musk’s bold plan to buy Twitter depends partly on how his investment in Tesla is…
Continue ReadingTesla’s stock slide raises doubts about Elon Musk’s Twitter purchase
By Paul R. La Monica, CNN Business Elon Musk’s bold plan to buy Twitter depends partly on how his investment in Tesla is doing. Uh-oh. Shares…
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