Mortgage rates rise above 4% for the first time since 2019
By Anna Bahney, CNN Business Mortgage rates climbed past 4% for the first time since May 2019. The 30-year fixed-rate mortgage averaged 4.16% in the…
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Warren Buffett’s Berkshire Hathaway is making a huge bet on this oil company
CNN By Paul R. La Monica, CNN Business The Oracle of Omaha is making an even bigger bet on a major oil company as crude prices continue to surge.…
Continue ReadingThe broken nickel market is a warning to Wall Street
By Julia Horowitz, CNN Business After a week-long pause, investors can trade nickel again on the London Metal Exchange. But the market remains…
Continue ReadingThe Fed can’t afford to move too slowly on interest rates
Opinion by Desmond Lachman for CNN Business Perspectives Even with consumer price inflation running at almost 8%, the Fed announced Wednesday it…
Continue ReadingHow to take advantage of rising interest rates
By Jeanne Sahadi, CNN Business As expected, the US Federal Reserve on Wednesday hiked its key short-term interest rate for the first time since 2018.…
Continue Reading4 ways China is quietly making life harder for Russia
By Laura He, CNN Business China is quietly distancing itself from Russia’s sanction-hit economy. The two states proclaimed last month that…
Continue Reading4 ways China is quietly making life harder for Russia
CNN By Laura He, CNN Business China is quietly distancing itself from Russia’s sanction-hit economy. The two states proclaimed last month that…
Continue ReadingThe Fed is targeting a soft landing. Getting it wrong means recession
CNN, CNNBUSINESS By Charles Riley, CNN Business Jerome Powell is trying to hike interest rates without damaging the economy. Getting it wrong means…
Continue ReadingRussia moves to seize hundreds of planes from foreign owners
By Chris Isidore and Chris Liakos, CNN Business Russia is seizing hundreds of commercial jets owned by US and European leasing companies, a further…
Continue ReadingRussia says it made a payment to avoid default
By David Goldman, CNN Business Russia says it has ordered the $117 million in interest payments it owes Wednesday to be sent to investors, attempting…
Continue ReadingThis might be the end of sharing Netflix passwords
By Frank Pallotta, CNN Business Netflix knows you share your password. And soon you might have to start paying for the privilege. Over the last year,…
Continue ReadingFed Chair Jerome Powell: We won’t hesitate to raise rates to tame inflation
CNN, CNN BUSINESS By Anneken Tappe, CNN Business Hindsight is 20:20, even for the Federal Reserve. The US central bank is in the midst of a…
Continue ReadingThe journalist who protested on Russian state TV says it was ‘impossible to stay silent’
CNN By Charles Riley, CNN Business The Russian state television journalist who took a dramatic stand against President Vladimir Putin’s war in…
Continue ReadingTesla’s cheapest Model 3 now costs $46,990
By Matt McFarland, CNN Business Tesla’s most affordable car is only getting more expensive, while other electric vehicles sold as long as it…
Continue ReadingStocks give up gains after Fed rate hike
By CNN Business The-CNN-Wire™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights…
Continue ReadingFederal Reserve hikes interest rates for the first time since 2018
By Anneken Tappe, CNN Business The Federal Reserve is raising interest rates for the first time since 2018, the central bank announced Wednesday at…
Continue ReadingJoe Buck and Troy Aikman are leaving Fox for ESPN’s ‘Monday Night Football’
By Frank Pallotta, CNN Business Two of the most recognizable voices in the NFL are switching networks. Joe Buck and Troy Aikman are leaving their…
Continue ReadingCiti’s response to abortion bans: We’ll pay for workers to travel
By David Goldman, CNN Business After a number of US states passed laws severely restricting access to abortions, Citigroup this week said it is…
Continue ReadingThe journalist who protested on Russian state TV says it was ‘impossible to stay silent’
CNN By Charles Riley, CNN Business The Russian state television journalist who took a dramatic stand against President Vladimir Putin’s war in…
Continue ReadingDisney employees walk out, as ESPN and Disney+ back LGBTQ+ rights
CNN By Frank Pallotta, CNN Business Disney employees staged a walkout Tuesday in protest of the company’s response to Florida’s…
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