The Fed’s fight against inflation could cost the US 1.2 million jobs
By Alicia Wallace, CNN Business In its efforts to bring down historic inflation and cool the economy, the Federal Reserve has used multiple…
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The curious case of falling gold prices
By Julia Horowitz, CNN Business It should be the perfect time to own gold. The yellow metal has historically rallied when inflation is high, since…
Continue ReadingNFL has a new halftime show sponsor
By Jordan Valinsky, CNN Business Apple Music is replacing Pepsi as the new sponsor for the NFL’s Super Bowl halftime show. The multi-year…
Continue ReadingHow political candidates are targeting you on social media based on your music tastes, shopping habits and favorite TV shows
By Casey Tolan, CNN Marco Rubio hopes to sway voters interested in Chick-fil-A, Ram trucks, and Duck Dynasty. John Fetterman is searching for fans of…
Continue ReadingUK tax-cutting gamble sends the pound plunging to new 37-year low
By Anna Cooban, CNN Business A huge gamble by the UK government aimed at rescuing the economy from recession and boosting long-term growth sent the…
Continue ReadingUS bank CEOs say they could exit China if it ever attacks Taiwan
By Michelle Toh, CNN Business Leaders of America’s biggest banks say they would follow any US directive on pulling business from China if…
Continue ReadingAlex Jones admonished by judge as Sandy Hook defamation trial goes off the rails
CNN By Oliver Darcy, CNN Business Conspiracy theorist Alex Jones tangled Thursday in an explosive courtroom exchange with an attorney for families of…
Continue ReadingBoeing agrees to pay $200 million for misleading the public about the 737 Max
By David Goldman, CNN Business Boeing and its former CEO Dennis Muilenburg agreed to pay hefty fines to settle charges from the Securities and…
Continue ReadingFedEx hikes package rates for 2023
By Nathaniel Meyersohn and Chris Isidore, CNN Business FedEx will raise ground and express shipping rates by an average of 6.9% next year, the…
Continue ReadingGM stops taking reservations for Hummer EV
By Chris Isidore, CNN Business There’s a lot of buyer interest in the electric Hummer now being offered by Chevrolet. But there’s limited…
Continue ReadingFedEx hikes package rates for 2023
CNN By Nathaniel Meyersohn and Chris Isidore, CNN Business FedEx will raise ground and express shipping rates by an average of 6.9% next year, the…
Continue ReadingWhy Jamie Dimon apologized to Elizabeth Warren
CNN, CNN BUSINESS By Nicole Goodkind, CNN Business JPMorgan Chase CEO Jamie Dimon testified on Capitol Hill Thursday for the second straight day.…
Continue ReadingWhy it’s getting even harder to keep a roof over your head
By Anna Bahney, CNN Business Americans looking to buy or rent a home have had a rough year. Rents are up by double-digit percentages in some cities.…
Continue ReadingHertz is buying up to 175,000 electric vehicles from GM
By Peter Valdes-Dapena, CNN Business Hertz has agreed to purchase up to 175,000 electric vehicles from General Motors over the next five years. This…
Continue ReadingRising mortgage rates hit home builders as buyers pull back
By Paul R. La Monica, CNN Business Prospective home buyers are getting hit by a double whammy of bad news: Prices remain prohibitively high for many…
Continue ReadingUS economic barometer drops for sixth month in a row, potentially ‘signaling a recession’
By Matt Egan A comprehensive gauge on the health of the US economy dropped in August for the sixth straight month, reinforcing concerns about a…
Continue ReadingAmazon’s ‘Thursday Night Football’ is a hit
By Frank Pallotta, CNN Business Amazon hit it big with its “Thursday Night Football” debut. The tech giant’s first exclusive NFL…
Continue ReadingAmerica’s dependence on credit cards is growing. The Fed’s rate hike will make it more painful
Martha C. White As prices continue to rise, Americans are becoming increasingly reliant on credit cards to make purchases. And now, with the Federal…
Continue ReadingAlex Jones admonished by judge as Sandy Hook defamation trial goes off the rails
By Oliver Darcy, CNN Business Conspiracy theorist Alex Jones tangled Thursday in an explosive courtroom exchange with an attorney for families of…
Continue ReadingWhy Jamie Dimon apologized to Elizabeth Warren
By Nicole Goodkind, CNN Business JPMorgan Chase CEO Jamie Dimon testified on Capitol Hill Thursday for the second straight day. This time, he faced…
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