The UK just had a major market scare. Now it wants to relax financial rules
By Julia Horowitz, CNN Just two months after UK markets suffered their worst meltdown since the global financial crisis, the British government is…
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The busiest port in America is no longer on the West Coast
By Vanessa Yurkevich, CNN For the past 22 years, the Port of Los Angeles has been the busiest container port in North America, moving around 10…
Continue ReadingShoppers are dipping into savings and going into debt. That could cause a holiday hangover
By Matt Egan, CNN Despite high inflation and recession fears, the holiday shopping season appears to be off to a strong start. Black Friday and Cyber…
Continue ReadingIndian Prime Minister Modi’s party wins sweeping victory in Gujarat state elections
By Swati Gupta, CNN India’s ruling Bharatiya Janata Party (BJP) scored a landslide election win in Prime Minister Narendra Modi’s home…
Continue ReadingJim Beam offers novel fix for holiday blues: hug-simulating pajamas
By Parija Kavilanz, CNN Bourbon brand Jim Beam is offering what could possibly be the weirdest gift for the holidays — hug-simulating pajamas. The…
Continue ReadingBankruptcy worries swirl around used car retailer Carvana
By Chris Isidore, CNN Business Used car retailer Carvana, facing a cash crunch, could be headed towards bankruptcy, according to both published…
Continue ReadingYellen sees her signature printed on US bills for the first time
By Betsy Klein, CNN US Treasury Secretary Janet Yellen traveled to Texas Thursday to mark an important and historic milestone, touring the Fort Worth…
Continue ReadingTreasury Secretary Yellen predicts major inflation cooldown in 2023
CNN, CNN BUSINESS By Matt Egan, CNN Treasury Secretary Janet Yellen is striking a cautiously optimistic tone about 2023, predicting a major inflation…
Continue ReadingUS government budget deficit increased in November
CNN By Alicia Wallace, CNN The US government recorded a monthly budget deficit of $249 billion in November, a 30% increase from a year earlier amid…
Continue ReadingThe average rent in Manhattan jumped to $5,249 in November — and may not fall any time soon
By Anna Bahney, CNN Business The average rent in Manhattan was $5,249 in November, up 19% from last year and the third-highest amount on record,…
Continue ReadingMortgage rates fall for the fourth week in a row
By Anna Bahney, CNN Mortgage rates dipped again this week, dropping for the fourth week in a row. The 30-year fixed-rate mortgage averaged 6.33% in…
Continue ReadingUS lawmakers want answers from FTX’s Sam Bankman-Fried
CNN By Allison Morrow, CNN Lawmakers are demanding that Sam Bankman-Fried, the founder of the failed crypto exchange FTX, appear before the Senate…
Continue ReadingUS lawmakers want answers from FTX’s Sam Bankman-Fried
By Allison Morrow, CNN Lawmakers are demanding that Sam Bankman-Fried, the founder of the failed crypto exchange FTX, appear before the Senate…
Continue ReadingUS gas prices are now cheaper than they were a year ago
By Julia Horowitz, CNN Business US gasoline prices are now cheaper than they were one year ago, providing relief to Americans that have spent 2022…
Continue ReadingStocks close higher, breaking five day losing streak
By Nicole Goodkind, CNN Business US stocks surged higher on Thursday as investors staged a comeback from their current losing streak, spurred on by…
Continue ReadingNews outlets are embracing TikTok in an effort to reach younger audiences, survey shows
By Oliver Darcy, CNN News publishers are getting in on the TikTok trend. That’s according to a brand new survey published Wednesday evening by…
Continue ReadingNews outlets are embracing TikTok in an effort to reach younger audiences, survey shows
CNN By Oliver Darcy, CNN News publishers are getting in on the TikTok trend. That’s according to a brand new survey published Wednesday evening…
Continue ReadingOil tankers are getting stuck in the Black Sea. That could become a problem
By Hanna Ziady, CNN A bottleneck is building across an important trading route for oil, which if left unresolved could knock global supply and boost…
Continue ReadingRent the Runway rebounds as consumers shop for bargains
By Paul R. La Monica, CNN A recession may be coming, but consumers still want to look fashionable. Subscription clothing service Rent the Runway…
Continue ReadingKeystone Pipeline shuts down after oil leak, halting flow of 600,000 barrels a day
By Matt Egan, CNN Business The Keystone Pipeline has been shut down following a leak discovered near the border of Kansas and Nebraska. The shutdown…
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