Why Mark Zandi says the US economy will narrowly avoid a recession
By Matt Egan, CNN Business Inflation is cooling. Consumers are still spending. And hiring is slowing — but not collapsing. That’s why…
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Yellen to Colbert: ‘I practiced and I practiced’ signature for US currency
By Alicia Wallace, CNN Business Sheets of dollar bills rolling off the presses at the Fort Worth Bureau of Engraving and Printing will soon bear the…
Continue ReadingCaroline Ellison, former Alameda chief, and Gary Wang, FTX cofounder, each pleaded guilty to multiple charges and are cooperating with feds
CNN, CNN BUSINESS By Kara Scannell and Matt Egan, CNN Two senior executives associated with collapsed crypto exchange FTX have pleaded guilty to…
Continue ReadingSam Bankman-Fried says he ‘got a little cocky’ before FTX collapsed
By Allison Morrow, CNN Business Sam Bankman-Fried, the founder of now-bankrupt FTX, has fallen from the peak of crypto celebrity, but he’s not…
Continue ReadingMortgage rates fall for the third week in a row as inflation fears ease
By Anna Bahney, CNN Business Mortgage rates dipped again this week, marking the third straight week of falling rates. The 30-year fixed-rate mortgage…
Continue ReadingThis is what McDonald’s drive-thru of the future could look like
By Danielle Wiener-Bronner, CNN Business McDonald’s is hoping a drive-thru lane with a food conveyor belt, a pickup room for delivery workers…
Continue ReadingThe Fed’s favorite inflation measure cooled in October
By Chris Isidore, CNN Business A key measure of consumer prices slowed somewhat in October, another hopeful sign that inflation pressures could be…
Continue ReadingPepsi wants you to drink soda mixed with milk this holiday season
By Danielle Wiener-Bronner, CNN Business ‘Tis the season to mix milk into your soda. According to Pepsi, anyway. Pepsi launched a campaign…
Continue ReadingSam Bankman-Fried says he ‘got a little cocky’ before FTX collapsed
CNN, CNN BUSINESS By Allison Morrow, CNN Business Sam Bankman-Fried, the founder of now-bankrupt FTX, has fallen from the peak of crypto celebrity,…
Continue ReadingFamily Dollar is a mess. It hopes lowering prices will help
By Nathaniel Meyersohn, CNN Business Family Dollar has lost ground in the dollar store race for years. Now, the discount chain hopes lowering prices…
Continue ReadingFamily Dollar is a mess. It hopes lowering prices will help
CNN, MALL OF AMERICA, WLFI By Nathaniel Meyersohn, CNN Business Family Dollar has lost ground in the dollar store race for years. Now, the discount…
Continue ReadingTo make money, avoid these common mistakes
By Jeanne Sahadi, CNN Business No matter how smart or well educated you are, and no matter how successful professionally, when it comes to investing…
Continue ReadingRailroad workers aren’t the only Americans without paid sick days
By Tami Luhby, CNN As freight railroad workers look to Congress to provide them with paid sick days, millions of other American employees have no…
Continue ReadingIs the worst over for bitcoin and the rest of crypto?
CNN By Paul R. La Monica, CNN Business The meltdown of FTX has sent the price of bitcoin and other cryptocurrencies tumbling more than 60% this…
Continue ReadingUS gas is cheaper than before Russia invaded Ukraine
By Matt Egan, CNN Prices at the pump continue to plunge, dropping the US average for gasoline below where it was when Russia invaded Ukraine. A…
Continue ReadingPowell revives hopes of a Fed pivot. That’s a bad thing
By Nicole Goodkind, CNN Business Federal Reserve Chair Jerome Powell made investors very happy on Wednesday. US stocks popped after the central…
Continue ReadingWhat to expect from Friday’s jobs report
By Alicia Wallace, CNN Business Ahead of Friday’s closely watched jobs report, economists polled by Refinitiv say they are expecting job growth…
Continue ReadingBinance still has big growth plans despite crypto market meltdown
By Diksha Madhok, CNN Business Binance is expanding into new markets even as the crypto industry grapples with turmoil unleashed by the spectacular…
Continue ReadingIndia on track for record $100 billion in remittances, says World Bank
By Diksha Madhok, CNN Business The extensive Indian diaspora will help the South Asian country reach a special milestone this year. Asia’s…
Continue ReadingFTX founder Sam Bankman-Fried: ‘Look, I screwed up’
By Allison Morrow, CNN Business Sam Bankman-Fried, the 30-year-old founder of the bankrupt crypto exchange FTX, said he “didn’t ever try…
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