Stock market selloff is exactly what the Fed wants, former NY Fed chief says
CNN, CNN BUSINESS By Matt Egan, CNN Business Turmoil on Wall Street is a feature, not a bug, of the Federal Reserve’s fight against inflation,…
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‘Very, very unlikely’ Fed can tame inflation without sparking recession, former NY Fed chief says
By Matt Egan, CNN Business The Federal Reserve helped rescue the economy from the worst pandemic in a century. That task may prove easy compared with…
Continue ReadingHSBC’s biggest shareholder reignites debate about breaking up the bank
By Michelle Toh, CNN Business HSBC has long prided itself on being the bank that connects East and West. Now it’s under pressure to rethink…
Continue ReadingPopeyes reveals a new twist on its chicken sandwich
By Danielle Wiener-Bronner, CNN Business Popeyes started the chicken sandwich wars in 2019 — and it’s adding a new entree to the battle. The…
Continue ReadingBP profit more than doubles on ‘exceptional’ oil trading
By Mark Thompson, CNN Business BP took a hit of more than $24 billion from ditching its business in Russia but reported a huge jump in profit for the…
Continue ReadingThe stock market is afraid, but there are pockets of strength if you know where to look
CNN, CNNBUSINESS By Paul R. La Monica, CNN Business Investors are very nervous about what’s next for America’s economy, with market fear…
Continue ReadingEU proposes ban on Russian oil imports this year. Hungary says no
CNN, CNNBUSINESS By Mark Thompson, CNN Business The European Union is proposing to ban all oil imports from Russia by the end of this year and remove…
Continue ReadingThe S&P is having its worst start to a year since 1939
By Paul R. La Monica, CNN Business The S&P 500 fell more than 13% between January and April of this year. That’s the worst four-month…
Continue ReadingGermany will support an EU oil embargo on Russia
CNN, CHANNEL 1, GETTY IMAGES, AP IMAGES, RUSSIA’S COMMUNISTS PARTY, KREMLIN, THE WALL STREET JOURNAL, C-SPAN By Mark Thompson, CNN Business…
Continue ReadingThese numbers are bad news if you’re trying to buy or refinance a house
By Paul R. La Monica, CNN Business Bad news for anyone trying to buy a house or refinance an existing loan: The yield on the benchmark 10-year US…
Continue ReadingOpinion: The Fed can’t afford to make the wrong moves again
Opinion by Desmond Lachman for CNN Business Perspectives Economist Milton Friedman famously taught us that monetary policy operates with long and…
Continue ReadingChina silences prominent market analyst as economic slump deepens
By Laura He, CNN Business Chinese social media have shut down the accounts of a prominent market analyst who drew attention in recent weeks to the…
Continue ReadingSpirit rejects JetBlue’s offer, saying it wants less lucrative deal with Frontier
By Chris Isidore, CNN Business Spirit Airlines said it will stick with its deal with Frontier Airlines, rejecting a more lucrative competing offer…
Continue ReadingWhy the food crisis sparked by Russia’s war hasn’t hit Gulf states yet
By Nadeen Ebrahim, CNN When Russia’s invasion of Ukraine triggered an international food crisis, some Middle Eastern importers were hit…
Continue ReadingInvesting ethically won’t buy protection in this market
By Julia Horowitz, CNN Business As the economy began bouncing back from the coronavirus pandemic, interest in investment products that promoted good…
Continue ReadingAmerica will recover all jobs lost during Covid by this summer, Fitch says
By Matt Egan, CNN Business The United States is rapidly approaching a major jobs milestone that highlights the historically strong economic recovery…
Continue Reading‘It’s unimaginable:’ Committee to Protect Journalists president on press dangers
CNN By Ramishah Maruf, CNN Reporting can be a risky profession, and in many parts of the world, it is becoming more dangerous than ever. This year to…
Continue ReadingHere’s how much more you’ll pay for summer camp this year. It’s not pretty
By Parija Kavilanz, CNN Business Prices are going up for everything from food and cars to gas and clothes. Now, families can add summer camps to that…
Continue ReadingBuffett says Berkshire’s success is more about being ‘sane’ than ‘smart’
By Paul R. La Monica, CNN Business Warren Buffett’s Berkshire Hathaway has beaten the broader market so far this year. But the Oracle of Omaha…
Continue ReadingOpinion: No one knew who James Corden was. Then he made ‘The Late Late Show’ a huge success
CNN, CNN BUSINESS Opinion by Bill Carter for CNN Business Perspectives Every time a host leaves an established late-night show, the guessing game…
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