Mortgage rates rise to nearly 6.3%, the highest level since 2008
By Anna Bahney, CNN Business Mortgage rates jumped higher for the fifth week in a row, further pushing past 6% in the face of yet another aggressive…
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Tesla recalls 1.1 million cars for windows that can ‘pinch’
By Chris Isidore, CNN Business Tesla said it has spotted a flaw in 1.1 million cars’ windows that could pinch occupants while closing. The…
Continue ReadingAlex Jones admonished by judge as Sandy Hook defamation trial goes off the rails
CNN, WFSB By Oliver Darcy, CNN Business Conspiracy theorist Alex Jones tangled Thursday in an explosive courtroom exchange with an attorney for…
Continue ReadingJake Tapper heads to primetime as CNN announces slate of midterm elections programming
By Oliver Darcy, CNN Business Jake Tapper is moving to primetime as part of a sweeping set of programming changes CNN announced Thursday that will…
Continue ReadingJerome Powell is heading into the ‘danger zone’
By Julia Horowitz, CNN Business When the Federal Reserve started hiking interest rates to combat decades-high inflation, Chair Jerome Powell stressed…
Continue ReadingWalmart isn’t waiting for Black Friday. It’s ready for holiday shoppers now
By Parija Kavilanz, CNN Business Halloween is still a month away, but Walmart is ready for Christmas. Walmart on Thursday said it’s getting the…
Continue ReadingJapan intervenes to prop up the yen for first time in 24 years
By Junko Ogura, Emi Jozuka and Kathleen Benoza Japan tried to shore up the value of its currency Thursday by buying yen and selling US dollars for…
Continue ReadingBank of England hikes interest rates by half a point for second straight month
By Mark Thompson, CNN Business The Bank of England announced its seventh interest rate hike in less than a year on Thursday, despite forecasting a…
Continue ReadingHong Kong stocks hit an 11-year low after historic Fed rate hike
By Laura He, CNN Business Hong Kong stocks hit their lowest level in more than a decade Thursday and other Asian markets also fell after the US…
Continue ReadingKia, Hyundai are easy targets for thieves, insurance data confirms
CNN By Peter Valdes-Dapena, CNN Business Stealing older model Hyundai and Kia cars and SUVs became a scary social media trend. Now, data from the…
Continue ReadingKia, Hyundai are easy targets for thieves, insurance data confirms
By Peter Valdes-Dapena, CNN Business Stealing older model Hyundai and Kia cars and SUVs became a scary social media trend. Now, data from the Highway…
Continue ReadingGoldman Sachs lifts Covid vaccine and testing mandate for NYC employees
By Matt Egan Goldman Sachs told its New York City-based employees on Wednesday that as of November 1 they will no longer need to get vaccinated for…
Continue ReadingThe Fed’s fight against inflation could cost the US 1.2 million jobs
CNN By Alicia Wallace, CNN Business In its efforts to bring down historic inflation and cool the economy, the Federal Reserve has used multiple…
Continue ReadingWhat rising interest rates mean for you
CNN By Jeanne Sahadi, CNN Business In its continued bid to quash high inflation, the Federal Reserve on Wednesday raised the overnight bank lending…
Continue ReadingDow plunges to its lowest level since 2020 to end another dismal week
CNN, CNN BUSINESS By David Goldman, CNN Business US stocks fell sharply in Friday trading as investors continued to worry about even more rate hikes…
Continue ReadingWhat rising interest rates mean for you
By Jeanne Sahadi, CNN Business In its continued bid to quash high inflation, the Federal Reserve on Wednesday raised the overnight bank lending rate…
Continue ReadingIMF chief warns there will be ‘people on the street’ globally unless steps taken to ease inflation
By Emmet Lyons and Ken Olshansky There will be “people on the street” globally unless steps are taken to protect the most vulnerable from…
Continue ReadingFord: Gas cars are a growth business for us
By Peter Valdes-Dapena, CNN Business When Ford chief executive Jim Farley split the company’s passenger vehicle business into two parts — one…
Continue ReadingRising mortgage rates hit home builders as buyers pull back
CNN, CNN BUSINESS By Paul R. La Monica, CNN Business Prospective home buyers are getting hit by a double whammy of bad news: Prices remain…
Continue ReadingNASA astronaut, Russian cosmonauts launch to space
By Jackie Wattles, CNN Business A Russian capsule took an American astronaut to space today, marking a notable continuation of the Russian-US…
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