This is a great time to be an airline. It’s the worst time to be a passenger
CNN, CNN BUSINESS By Chris Isidore, CNN Business US airlines just had one of the most lucrative quarters in history. Passengers are suffering for it.…
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Lucid shares plunge as it cuts production target in half
By Chris Isidore, CNN Business Shares of luxury electric car maker Lucid plunged more than 10% Thursday after the company disclosed it will make…
Continue ReadingOpinion: 5 ways the Inflation Reduction Act will help American families
Opinion by Van Jones and Jessie Buendia for CNN Business Perspectives America needs a new approach to energy. Nothing has shown that as well as the…
Continue ReadingEx-Fed insider: A full-blown recession is ‘almost certainly’ coming
By Matt Egan, CNN Business The Federal Reserve’s war on inflation will eventually kill the economic recovery from Covid-19, former Fed official…
Continue ReadingMortgage rates drop below 5% for first time since April
By Anna Bahney, CNN Business Mortgage rates dropped for the second week in a row, falling below 5% for the first time since mid-April. The 30-year…
Continue ReadingAlibaba shares pop as revenue beats expectations
By Michelle Toh, CNN Business Alibaba just posted flat revenue growth for the first time since becoming a public company, but investors don’t…
Continue ReadingThe party is over at Robinhood. But meme mania lingers
By Julia Horowitz, CNN Business Robinhood got off to a rocky start when it made its Wall Street debut one year ago, but hopes for the buzzy trading…
Continue ReadingThe Bank of England just made its biggest rate hike in 27 years
By Anna Cooban, CNN Business Central bankers in the United Kingdom have announced the biggest increase in interest rates in 27 years, as spiraling…
Continue ReadingThe party is over at Robinhood. But meme mania lingers
CNN, CNN BUSINESS By Julia Horowitz, CNN Business Robinhood got off to a rocky start when it made its Wall Street debut one year ago, but hopes for…
Continue ReadingChina’s military drills around Taiwan threaten to upend global trade
CNN By Laura He, CNN Business China’s live-fire military drills around Taiwan are threatening to disrupt trade and commercial travel in East…
Continue ReadingChina’s military drills around Taiwan threaten to upend global trade
By Laura He, CNN Business China’s live-fire military drills around Taiwan are threatening to disrupt trade and commercial travel in East Asia,…
Continue ReadingNew head of Alex Jones’ company faces questions from lawyers for Sandy Hook families
By Sonia Moghe, CNN The accountant now in charge of overseeing right-wing conspiracy theorist Alex Jones’ company Free Speech Systems through…
Continue ReadingWalmart is laying off corporate employees
by Matt Egan, CNN Walmart is laying off about 200 corporate employees, a person familiar with the matter told CNN, in a move that comes days after…
Continue ReadingSandy Hook family attorney exposes Alex Jones’ dishonesty during brutal cross-examination
By Oliver Darcy, CNN Business The dishonesty of right-wing conspiracy theorist Alex Jones was spotlighted in a Texas court on Wednesday as a lawyer…
Continue ReadingEquifax issued wrong credit scores for millions of consumers
By Alexandra Peers, CNN Business Credit giant Equifax sent lenders incorrect credit scores for millions of consumers this spring, in a technology…
Continue ReadingThis company is turning heaps of plastic trash into construction building blocks
By Parija Kavilanz, CNN Business Imagine taking heaps and heaps of earth-polluting, unusable plastic waste and actually transforming it into…
Continue ReadingThis company is turning heaps of plastic trash into construction building blocks
CNN, CNN BUSINESS By Parija Kavilanz, CNN Business Imagine taking heaps and heaps of earth-polluting, unusable plastic waste and actually…
Continue ReadingTJ Maxx and Marshalls sold dangerous baby products after they were recalled
By Parija Kavilanz, CNN Business TJX, which operates popular discount chains TJ Maxx, Marshalls and Home Goods, agreed to pay a fine of $13 million…
Continue ReadingWarren Buffett has another reason to hate Robinhood
By Nicole Goodkind, CNN Business It’s no secret that Warren Buffett isn’t a fan of Robinhood. The Oracle of Omaha has been sparring with…
Continue ReadingMexican Pizza gave Taco Bell an enormous sales boost
By Danielle Wiener-Bronner, CNN Business Taco Bell can thank Mexican Pizza for a boost in sales last quarter. Sales at US Taco Bell stores open at…
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