Mortgage rates rose this week after falling for six straight weeks
By Anna Bahney and Jordan Valinsky Mortgage rates rose this week, their first increase after falling for six consecutive weeks, according to the…
Continue ReadingMoney
Here’s what could tip the global economy into recession in 2023
By Julia Horowitz, CNN The global economy has endured a tough year, with decades-high inflation sapping post-lockdown spending and pushing central…
Continue ReadingGas prices had a wild ride this year, making 2023 tough to predict
By Chris Isidore and Christopher Hickey, CNN US drivers have never seen a year quite like 2022. Wild price swings at the gas pump throughout the year…
Continue ReadingWeekly jobless claims tick up again
By Alicia Wallace, CNN First-time claims for weekly unemployment benefits increased to 225,000 for the week ended December 24, according to Labor…
Continue ReadingRuble hits 8-month low against dollar, as falling oil prices and sanctions bite
By Clare Sebastian, CNN Russia’s currency hit an eight-month low Thursday, adding to sharp declines in December as global oil prices fell, and…
Continue ReadingVirgin Islands attorney general sues JPMorgan Chase over banking services for Jeffrey Epstein
By Andy Rose, CNN The U.S. Virgin Islands government filed a lawsuit Tuesday against JPMorgan Chase, alleging that the Wall Street bank benefited…
Continue ReadingWall Street’s biggest winners and losers in 2022
By Nicole Goodkind, CNN Business This hasn’t been a good year for the equities market. The S&P 500 is down nearly 20% and with two trading…
Continue ReadingTwitter down: Thousands of global users struggle to login but Elon Musk says it ‘works for me’
by Diksha Madhok Users around the world struggled to access Twitter on Wednesday—even as an error message urged “don’t fret……
Continue ReadingUnited and American Airlines place price caps on some cities to help Southwest customers get home
CNN By Jennifer Korn, CNN Many Southwest customers have been desperately trying something — anything — that will get them back home. But…
Continue ReadingWhy that “free” Starbucks drink is about to cost you more
By Danielle Wiener-Bronner, CNN Starbucks is making changes to its rewards program, requiring members to spend more to earn some popular freebies.…
Continue ReadingConsumers kept the economy hot in 2022. Now they’re losing steam
By Alicia Wallace, CNN For a year that held promise of a return to normalcy, 2022 threw plenty of curve balls at the American consumer. Supply chains…
Continue ReadingSouthwest meltdown may cost the airline up to $825 million
CNN, KMGH By Chris Isidore, CNN Business The cost of the service meltdown at Southwest Airlines over the year-end holidays cost the airline nearly $1…
Continue ReadingTax credit confusion could create a rush for electric vehicles in early 2023
By Peter Valdes-Dapena, CNN Business As the new year begins, a number of popular electric vehicles, specifically some Tesla and General Motors…
Continue ReadingSam Bankman-Fried borrowed $546 million from his hedge fund to buy a Robinhood stake
By Allison Morrow, CNN When Sam Bankman-Fried bought a nearly 7.6% stake in Robinhood, the popular stock-trading app, earlier this year, he financed…
Continue ReadingUnited and American Airlines place price caps on some cities to help Southwest customers get home
By Jennifer Korn, CNN Many Southwest customers have been desperately trying something — anything — that will get them back home. But some…
Continue ReadingThe soda market is flat, but not for Dr Pepper
By Danielle Wiener-Bronner, CNN In the pantheon of sodas, Dr Pepper is the odd one out: It doesn’t have the popularity or sales of Coca-Cola or…
Continue ReadingWall Street’s dirty secret: It’s terrible at forecasting stocks
By Nicole Goodkind, CNN December is a month full of market predictions for the year to come. Everyone, from economists to analysts to grocers, seems…
Continue ReadingShiba inu who inspired ‘doge’ meme is seriously ill with leukemia
By Tara Mulholland, CNN Kabosu, the internet-famous dog who inspired the “doge” meme and influenced digital culture for a decade, is…
Continue ReadingElectric vehicle sales hit a tipping point in 2022
By Peter Valdes-Dapena, CNN Business Next time you’re circling a full parking lot, try to remember what you saw in it just a couple of years…
Continue ReadingPutin bans Russian oil exports to countries that imposed price caps, Kremlin says
By Uliana Pavlova, CNN Russian President Vladimir Putin signed a decree on Tuesday banning oil supplies to countries that have introduced price caps…
Continue Reading