Three takeaways from Fed Chair Powell following July hike decision
By Elisabeth Buchwald, CNN New York (CNN) — Roughly every six weeks Federal Reserve Chair Jerome Powell delivers a report card that rates the…
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Meta stock climbs after company posts 11% revenue growth
By Catherine Thorbecke, CNN (CNN) — Meta’s “year of efficiency” seems to be paying off. The Facebook-parent company on Wednesday reported…
Continue ReadingWhat does the UPS-Teamsters deal mean? Who won? And what’s next?
By Chris Isidore, CNN New York (CNN) — UPS and the Teamsters reached a tentative deal on a new labor contract Tuesday, potentially averting…
Continue ReadingInterest rates just went up again: What the latest Fed move means for you
By Jeanne Sahadi, CNN New York (CNN) — Eleven times in 17 months. That’s how fast the Federal Reserve has hiked its overnight bank lending…
Continue ReadingLarry Summers slams Biden economic agenda as ‘increasingly dangerous’
By Matt Egan, CNN Business New York (CNN Business) — Larry Summers, the former Obama and Clinton official, slammed parts of President Joe…
Continue ReadingGasoline prices are spiking. That’s a problem for Powell and the Fed
By Matt Egan, CNN New York (CNN Business) — Prices at the gas pump are suddenly surging, causing headaches for consumers and central bankers…
Continue ReadingGasoline prices are spiking. That’s a problem for Powell and the Fed
CNN By Matt Egan, CNN New York (CNN Business) — Prices at the gas pump are suddenly surging, causing headaches for consumers and central…
Continue ReadingSeven major automakers, including GM, Stellantis and Honda, join to create US charging network
By Peter Valdes-Dapena, CNN Business (CNN) — Seven major automakers are coming together to create a joint venture that will build out a large…
Continue ReadingNew home sales dropped in June after May’s surge
By Anna Bahney, CNN Washington, DC (CNN) — New home sales dropped in June from the month before, even as buyers continued to rely on new…
Continue ReadingGap hires Mattel president to be its new CEO
By Jordan Valinsky, CNN Business New York (CNN) — Gap has named a new CEO, from toy giant Mattel, nearly a year after its previous leader…
Continue ReadingProsecutors want Sam Bankman-Fried sent to jail after witness-tampering allegations. Judge issues gag order
By Allison Morrow and Kara Scannell, CNN New York (CNN) — A federal judge issued a gag order on former FTX CEO Sam Bankman-Fried, restricting…
Continue ReadingGoogle, Microsoft, OpenAI and Anthropic announce industry group to promote safe AI development
By Brian Fung, CNN (CNN) — Some of the world’s top artificial intelligence companies are launching a new industry body to work together —…
Continue ReadingGoogle, Microsoft, OpenAI and Anthropic announce industry group to promote safe AI development
CNN By Brian Fung, CNN (CNN) — Some of the world’s top artificial intelligence companies are launching a new industry body to work together…
Continue ReadingThis measure of homelessness in England has reached a 25-year high
By Anna Cooban, CNN London (CNN) — The number of households living in temporary accommodation in England has hit its highest level since at…
Continue ReadingThe US economy grew stronger than expected in the second quarter, but consumers are pulling back
CNN By Bryan Mena, CNN Washington (CNN) — The US economy picked up steam in the second quarter despite punishing rate hikes and still-high…
Continue ReadingThe Fed hikes interest rates by a quarter point and hints at another increase this year
By Bryan Mena, CNN Washington, DC (CNN) — The Federal Reserve raised its benchmark lending rate by a quarter point Wednesday, lifting interest…
Continue ReadingSamsung’s newest foldable phone is still outrageously pricey
By Samantha Murphy Kelly, CNN (CNN) — Samsung is doubling down on its foldable smartphones with a range of new features, but it’s not…
Continue ReadingUK bank CEO quits over closure of Brexit campaigner Nigel Farage’s account
By Robert North and Hanna Ziady, CNN London (CNN) — The CEO of one of the biggest banks in the United Kingdom has resigned after admitting she…
Continue ReadingChina’s new central bank governor faces daunting tasks
By Laura He, CNN Hong Kong (CNN) — China has a new central bank governor. Pan Gongsheng, who has managed the world’s largest foreign exchange…
Continue ReadingThe risks are rising for Western firms in Russia. So why are so many staying put?
By Hanna Ziady, CNN London (CNN) — When Russia launched its full-scale invasion of Ukraine in February 2022, a slew of Western companies left…
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