Consumer debt soared by $52 billion in March
By Alicia Wallace, CNN Business Americans are racking up debt at record rates. Consumer debt levels for March 2022 climbed by $52.4 billion, an…
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Starbucks says it’s ‘deeply concerned’ White House met union without them
By Danielle Wiener-Bronner, CNN Business Starbucks isn’t pleased that the White House left management out of a meeting with union…
Continue ReadingWall Street is fed up with Under Armour, Nike and Adidas
By Nathaniel Meyersohn, CNN Business Tripped-up supply chains and a coronavirus surge in China are causing headaches for top athletic brands. Under…
Continue ReadingAmerica added 428,000 jobs in April
By Anneken Tappe, CNN Business After an electric economic recovery from the pandemic, the job market is showing signs of returning to normal.…
Continue ReadingJanet Yellen warns of continued volatility in the economy
CNN, CNNBUSINESS By Matt Egan, CNN Business US Treasury Secretary Janet Yellen told lawmakers on Tuesday the Covid-19 pandemic and the war in Ukraine…
Continue ReadingAmerica added 428,000 jobs in April
CNN, CNNBUSINESS By Anneken Tappe, CNN Business After an electric economic recovery from the pandemic, the job market is showing signs of returning…
Continue ReadingThe stock market is afraid, but there are pockets of strength if you know where to look
By Paul R. La Monica, CNN Business Investors are very nervous about what’s next for America’s economy, with market fear gauges spiking.…
Continue ReadingThese ‘boomerang’ employees went back to their old jobs. They tell us why
By Kathryn Vasel With the job market still going strong, millions of workers have switched jobs in the past year. In March, a record 4.5 million…
Continue ReadingA recession may be around the corner. Don’t panic
By Allison Morrow, CNN Business Around the world, warning signs of a recession are flashing. Wall Street is on edge. Central banks are hiking…
Continue Reading‘Doctor Strange’ conjures a big opening day as theaters prep for a vital summer
By Frank Pallotta, CNN Business After the pandemic pummeled its business, the movie industry is counting on a comeback. The good news for theaters is…
Continue Reading‘Doctor Strange’ conjures big box office opening for Marvel
CNN By Frank Pallotta, CNN Business “Doctor Strange in the Multiverse of Madness,” the latest film in the Marvel Cinematic Universe, made…
Continue ReadingDow falls again as Wall Street rout continues
By Paul R. La Monica, CNN Business Stocks ended the day lower in a volatile session Friday. A solid jobs report was not enough to fully convince…
Continue ReadingAmerica added 428,000 jobs in April
CNN By Anneken Tappe, CNN Business After an electric economic recovery from the pandemic, the job market is showing signs of returning to normal.…
Continue ReadingThe Fed doubters are back
By Julia Horowitz, CNN Business This newsletter yesterday highlighted warnings that market enthusiasm after the Federal Reserve’s latest…
Continue ReadingAdidas reports nearly 40% drop in profits. Here’s why
By Anna Cooban, CNN Business Adidas on Friday blamed poor sales in China for a sharp drop in first quarter profit. The German sportswear giant…
Continue ReadingUkrainian startup is bringing school to displaced students
By Parija Kavilanz, CNN Business Russia’s continuing assault in Ukraine has devastated the country and the lives of millions of its citizens.…
Continue ReadingAmerica added 428,000 jobs in April
CNN By Anneken Tappe, CNN Business The days of millions of monthly job gains are behind us: America’s employers added 428,000 jobs in April,…
Continue ReadingShipping delays are back as China’s lockdowns ripple around the world
By Laura He, CNN Business Global shipping was just starting to recover from the chaos of the pandemic. Now port congestion and delays are back and…
Continue ReadingGlobal markets rattled by Wall Street and China’s zero-Covid pledge
By Laura He and Mark Thompson, CNN Business Global markets slid Friday after Wall Street suffered its worst day of the year. Major European indexes…
Continue ReadingElizabeth Warren is worried about Fidelity’s plan to offer bitcoin in 401(k)s
By Jeanne Sahadi, CNN Business Bitcoin is notoriously volatile. But it may also prove politically vexing for Fidelity, which is getting blowback from…
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