Stocks sink as investors wait for the Fed’s rate hike
CNN By Paul R. La Monica, CNN Business So much for Wall Street sitting back and taking it easy while awaiting the Federal Reserve’s latest…
Continue ReadingMoney
Time for someone else to ride the Peloton bike?
By Paul R. La Monica, CNN Business Peloton formally unveiled its high-priced new rowing machine Tuesday. But the company is still facing rough…
Continue ReadingOpinion: The world is moving backward in the combat against poverty and disease. Here’s what we need to do
Opinion by Mark Suzman for CNN Business Perspectives The first two decades of the 21st century provided more progress for more people than perhaps…
Continue ReadingNew home building picked up last month, but builder sentiment remains low
By Anna Bahney Home building bounced back a bit last month even though demand for new homes among buyers had started to cool off and the cost of…
Continue ReadingTax fossil fuel companies ‘feasting’ on profits as ‘planet burns’ and power bills soar, UN chief urges
By Angela Dewan, CNN Business Rich economies should hit oil and gas companies with new windfall taxes to provide help for countries suffering from…
Continue ReadingBiden administration picks former Chicago, DC transportation leader to head EV charging program
By Matt McFarland, CNN Business Gabe Klein, who has led transportation departments in Washington, DC and Chicago, will head the Biden…
Continue ReadingAnxious investors are piling into hedge funds
By Julia Horowitz, CNN Business For years, the climate for hedge funds was tough. Volatility was low. The price of everything was going up. It…
Continue ReadingGood news: Freight railroads are not on strike. Bad news: The service is still terrible
By Chris Isidore and Matt McFarland, CNN Business The fact that there is not a freight railroad strike happening this week is a huge win for the US…
Continue ReadingInflation is stubbornly high. Here’s what this bank exec suggests you do
By Michelle Toh, CNN Business People around the world are searching for ways to shield themselves from the impact of stubbornly high inflation, and…
Continue ReadingWhy the current oil boom for Arab states may be their last
By Nadeen Ebrahim, CNN The oil boom brought about by the Ukraine war has made energy-rich Middle Eastern countries extraordinarily wealthy once…
Continue ReadingWhy the latest Chrysler 300 is missing a supercharged V8
By Peter Valdes-Dapena, CNN Business As the big Chrysler 300 sedan, with its trademark large square grille, approaches the end of an 18-year…
Continue ReadingPresident Biden says America will get inflation under control. But it won’t be easy
By Alicia Wallace, CNN Business President Joe Biden expressed optimism about the direction of the US economy Sunday, saying America will be able to…
Continue ReadingPresident Biden says America will get inflation under control. But it won’t be easy
CNN By Alicia Wallace, CNN Business President Joe Biden expressed optimism about the direction of the US economy Sunday, saying America will be able…
Continue Reading‘The Woman King’ surprises at the box office
By Frank Pallotta, CNN Business It’s good to be “The Woman King.” The new Sony Pictures Entertainment film starring Viola Davis as…
Continue ReadingStocks close higher ahead of Federal Reserve meeting
By Nicole Goodkind, CNN Business US stocks alternated between slight losses and modest gains Monday before eventually closing higher ahead of the…
Continue ReadingRobert Shiller: Fed risks ‘disgrace’ if it doesn’t control inflation
By Julia Horowitz, CNN Business Central banks are faced with the unenviable task of trying to put a lid on decades-high inflation without triggering…
Continue Reading1 in 5 of China’s urban youth are unemployed. That’s a huge headache for Xi Jinping
By Laura He, CNN Business The future looked promising for Cherry in May last year, when she secured a prestigious internship at a major software…
Continue ReadingTikTok’s search engine repeatedly delivers misinformation to its majority-young user base, report says
By Emma Tucker, CNN When a TikTok user searches the social media app for information on top news stories, ranging from Covid-19 vaccines to school…
Continue ReadingGoogle mistakenly sent an engineer almost $250,000
By Zoe Sottile, CNN A man mistakenly received a payment of almost $250,000 from Google — even though he hadn’t done any work for the…
Continue ReadingNissan recalls more than 200,000 pickup trucks due to rollaway risk
By Ramishah Maruf, CNN Nissan is recalling more than 200,000 pickup trucks due to a risk that the vehicles could roll away while in park. Nissan…
Continue Reading