Biden’s oil windfall tax would backfire, warns Larry Summers
By Matt Egan, CNN Business Economist Larry Summers is pushing back after President Joe Biden floated the possibility of punishing the oil industry…
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Why America’s job market hasn’t imploded
By Nicole Goodkind, CNN Business Despite a stock-market bounce in October that gave the Dow its biggest monthly gain in more than 45 years,…
Continue ReadingSpaceX’s Falcon Heavy rocket, world’s most powerful rocket, launches after three-year hiatus
By Jackie Wattles, CNN SpaceX’s Falcon Heavy — a towering, three-pronged vehicle that is the most powerful operational rocket in the world…
Continue ReadingUS debt: Federal interest payments could soon exceed military spending
By Matt Egan, CNN Business The Federal Reserve’s war on inflation isn’t just painful for home buyers and people with credit card debt.…
Continue ReadingBP announces $2.5 billion share buyback after profit soars
By Hanna Ziady, CNN Business BP’s profit more than doubled in the third quarter of the year, extending a bumper run of earnings for the…
Continue ReadingOleg Tinkov renounces Russian citizenship over war in Ukraine
By Mark Thompson, Mayumi Maruyama and Alex Stambaugh, CNN Oleg Tinkov, the founder of a major Russian digital bank, has renounced his Russian…
Continue ReadingWhat we know about India’s deadly bridge collapse
By Rhea Mogul, Manveena Suri and Swati Gupta, CNN More than 50 children are among 135 people killed in Sunday’s bridge collapse in…
Continue ReadingJudge blocks Penguin Random House’s purchase of Simon & Schuster
By CNN Business staff A federal judge blocked Penguin Random House from buying Simon & Schuster, arguing that the combination of the two book…
Continue ReadingDelta pilots say they’re willing to strike, but no impact to Thanksgiving travel is expected
By Pete Muntean, CNN Delta Air Lines pilots intensified their push for improved pay by insisting they will strike if they do not get a new contract.…
Continue ReadingChick-fil-A operator has a winning recipe for employees: three-day workweek
By Parija Kavilanz, CNN Business What staffing shortage? One Miami Chick-fil-A owner/operator has been deluged with applications after switching his…
Continue ReadingElon Musk, Twitter’s new owner, tweets conspiracy theory about attack on Paul Pelosi
CNN By Oliver Darcy and Donie O’Sullivan, CNN Elon Musk on Sunday gave credence to a fringe conspiracy theory about the violent attack on Paul…
Continue ReadingDow has biggest monthly gain in more than 45 years
By Paul R. La Monica, CNN Business The Dow fell nearly 130 points, or 0.4% Monday, but it still ended October up 14% — its best monthly gain since…
Continue ReadingInflation isn’t going anywhere. Just look at the latest data from Europe
CNN By Julia Horowitz, CNN Business European inflation has accelerated to a new record high as energy and food prices in the region continue to…
Continue ReadingInflation isn’t going anywhere. Just look at the latest data from Europe
By Julia Horowitz, CNN Business European inflation has accelerated to a new record high as energy and food prices in the region continue to…
Continue ReadingA spooky forecast for the future of interest rates
By Nicole Goodkind, CNN Business When will central banks stop raising interest rates? That’s the multi-trillion dollar question that has Wall…
Continue ReadingWheat and corn prices jump after Russia quits Black Sea grain deal
By Hanna Ziady, CNN Business Prices of wheat and corn on global commodities markets rose on Monday after Russia pulled out of a deal that had allowed…
Continue ReadingElon Musk, Twitter’s new owner, tweets conspiracy theory about attack on Paul Pelosi
By Oliver Darcy and Donie O’Sullivan, CNN Elon Musk on Sunday gave credence to a fringe conspiracy theory about the violent attack on Paul…
Continue ReadingThe Fed may have to blow up the economy to get inflation under control
By Paul R. La Monica, CNN Business The Federal Reserve is most likely going to raise interest rates by three quarters of a percentage point again on…
Continue Reading‘SNL’ takes on notable Republicans before the midterm elections
CNN By Frank Pallotta, CNN Business “Saturday Night Live” kicked off this week’s episode with Heidi Gardner leading a PBS NewsHour…
Continue Reading‘SNL’ takes on notable Republicans before the midterm elections
By Frank Pallotta, CNN Business “Saturday Night Live” kicked off this week’s episode with Heidi Gardner leading a PBS NewsHour…
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