Christine Lagarde keeps options open as Europe grapples with ‘stagflation’
By Anna Cooban, CNN Business The European Central Bank still won’t say when it might start raising interest rates, even as inflation surges to…
Continue ReadingMoney
Mortgage rates hit 5% for the first time in over a decade
By Anna Bahney, CNN Business Mortgage rates rose again this week, reaching 5% for the first time in over a decade. The 30-year fixed-rate mortgage…
Continue ReadingUS home prices are rising so fast, property taxes can’t keep up
By Anna Bahney, CNN Business With home prices skyrocketing by double-digit percentages over the last year, it would be no surprise if property taxes…
Continue ReadingOpinion: Revoking trade with Russia will deliver a powerful blow to its economy
Opinion by Senator Tom Carper and Senator John Cornyn for CNN Business Perspectives It’s been more than a month since Russia invaded Ukraine…
Continue ReadingBank earnings signal dark clouds on the horizon
By Nicole Goodkind, CNN Business Wall Street’s biggest players have had a rough start to the year. All of the biggest US banks saw profits take…
Continue ReadingMukesh Ambani Fast Facts
CNN Editorial Research Here is a look at the life of Indian billionaire Mukesh Ambani, chairman and managing director of Reliance Industries Limited…
Continue ReadingAmericans can’t afford gas. That’s bad news for beef jerky
By Nicole Goodkind, CNN Business Gas doesn’t just fuel cars, it also powers Marlboros, Red Bull, and Doritos. An estimated 80% of the fuel…
Continue ReadingNY AG launches gas price gouging investigation into the oil industry
By Matt Egan, CNN New York Attorney General Letitia James launched a wide-ranging investigation Thursday into whether the oil industry has engaged in…
Continue ReadingWarner Bros. censors gay dialogue in Harry Potter movie for China release
By Frank Pallotta and Sana Noor Haq, CNN Warner Bros. removed two lines of dialogue about a gay relationship for the Chinese release of its latest…
Continue ReadingWarner Bros. censors gay dialogue in Harry Potter movie for China release
CNN By Frank Pallotta and Sana Noor Haq, CNN Warner Bros. removed two lines of dialogue about a gay relationship for the Chinese release of its…
Continue ReadingShoppers are turning their backs on Bed Bath & Beyond
By Parija Kavilanz, CNN Business Bed Bath & Beyond signaled turbulence in the months ahead. It’s already seeing a sales slump at its…
Continue ReadingAmazon is adding a 5% fuel and inflation surcharge
By Matt Egan, CNN Business Amazon said Wednesday that for the first time in company history it will charge sellers a 5% fuel and inflation surcharge.…
Continue ReadingAmazon and Starbucks union votes are small wins — but important ones — for US labor
By Chris Isidore and Sara O’Brien, CNN Business Labor unions haven’t had this much success in decades. After years of failed organizing…
Continue ReadingWorld’s top oil trader will stop buying Russian crude
By Livvy Doherty and Anna Cooban, CNN Business Vitol Group, the world’s top independent oil merchant, will stop trading Russian crude oil and…
Continue ReadingHere’s what’s getting more expensive at the grocery store
By Danielle Wiener-Bronner, CNN Business Food prices keep going up. In the year ending in March, not adjusted for seasonal swings, food prices rose…
Continue ReadingYellen: Russia-Ukraine war is reshaping global economy
By Alicia Wallace and Matt Egan, CNN Russia’s war in Ukraine has “redrawn the contours” of the global economy, stoking concerns of…
Continue ReadingWhy it’s so hard to buy a home right now
By Anna Bahney, CNN Business Home prices have skyrocketed by nearly 20% over the last year and mortgage rates have risen faster over the past three…
Continue ReadingUS home prices are rising so fast, property taxes can’t keep up
CNN By Anna Bahney, CNN Business With home prices skyrocketing by double-digit percentages over the last year, it would be no surprise if property…
Continue ReadingOpinion: The Fed’s balancing act is about to get a lot harder
Opinion by Mark Zandi for CNN Business Perspectives Ever since Russia invaded Ukraine, oil and other commodity prices have surged and recession risks…
Continue ReadingDelta says hiking fares can help it turn a profit as fuel costs surge
By Chris Isidore, CNN Business Travel is booming, and Delta Air Lines boosted ticket prices. That helped the company weather higher fuel costs in the…
Continue Reading