UAW wins key vote to represent Ohio electric car battery factory
By Chris Isidore, CNN Workers at the Ultium Cells plant, co-owned by General Motors and Korean giant LG, voted overwhelmingly this week to join the…
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What goes up… is starting to come down
CNN, CNN BUSINESS By Christine Romans It’s too soon to declare victory over inflation, but from gas to chicken to big-screen TVs, there are,…
Continue ReadingConsumers are feeling slightly better about the direction of the economy
By Chris Isidore Consumers are becoming more confident about the state of the economy, despite recession fears, soaring interest rates and continued…
Continue ReadingKey inflation measure shows price pressures cooled off in November, but remain high
By Chris Isidore, CNN Another key inflation measure shows price pressures cooled off but remained stubbornly high in November, despite the Federal…
Continue ReadingBig Oil stocks are pointing to higher gas prices to come
By Nicole Goodkind, CNN Brutally high oil and gas prices were the talk of the town in 2022 and one of the largest contributing factors to sky-high…
Continue ReadingFTX founder Sam Bankman-Fried says he’ll testify before Congress
By Jordan Valinsky and Allison Morrow, CNN Sam Bankman-Fried, the founder of the failed crypto exchange FTX, has agreed to testify before the House…
Continue ReadingThe UK just had a major market scare. Now it wants to relax financial rules
By Julia Horowitz, CNN Just two months after UK markets suffered their worst meltdown since the global financial crisis, the British government is…
Continue ReadingThe busiest port in America is no longer on the West Coast
By Vanessa Yurkevich, CNN For the past 22 years, the Port of Los Angeles has been the busiest container port in North America, moving around 10…
Continue ReadingShoppers are dipping into savings and going into debt. That could cause a holiday hangover
By Matt Egan, CNN Despite high inflation and recession fears, the holiday shopping season appears to be off to a strong start. Black Friday and Cyber…
Continue ReadingIndian Prime Minister Modi’s party wins sweeping victory in Gujarat state elections
By Swati Gupta, CNN India’s ruling Bharatiya Janata Party (BJP) scored a landslide election win in Prime Minister Narendra Modi’s home…
Continue ReadingJim Beam offers novel fix for holiday blues: hug-simulating pajamas
By Parija Kavilanz, CNN Bourbon brand Jim Beam is offering what could possibly be the weirdest gift for the holidays — hug-simulating pajamas. The…
Continue ReadingBankruptcy worries swirl around used car retailer Carvana
By Chris Isidore, CNN Business Used car retailer Carvana, facing a cash crunch, could be headed towards bankruptcy, according to both published…
Continue ReadingYellen sees her signature printed on US bills for the first time
By Betsy Klein, CNN US Treasury Secretary Janet Yellen traveled to Texas Thursday to mark an important and historic milestone, touring the Fort Worth…
Continue ReadingTreasury Secretary Yellen predicts major inflation cooldown in 2023
CNN, CNN BUSINESS By Matt Egan, CNN Treasury Secretary Janet Yellen is striking a cautiously optimistic tone about 2023, predicting a major inflation…
Continue ReadingUS government budget deficit increased in November
CNN By Alicia Wallace, CNN The US government recorded a monthly budget deficit of $249 billion in November, a 30% increase from a year earlier amid…
Continue ReadingThe average rent in Manhattan jumped to $5,249 in November — and may not fall any time soon
By Anna Bahney, CNN Business The average rent in Manhattan was $5,249 in November, up 19% from last year and the third-highest amount on record,…
Continue ReadingMortgage rates fall for the fourth week in a row
By Anna Bahney, CNN Mortgage rates dipped again this week, dropping for the fourth week in a row. The 30-year fixed-rate mortgage averaged 6.33% in…
Continue ReadingUS lawmakers want answers from FTX’s Sam Bankman-Fried
CNN By Allison Morrow, CNN Lawmakers are demanding that Sam Bankman-Fried, the founder of the failed crypto exchange FTX, appear before the Senate…
Continue ReadingUS lawmakers want answers from FTX’s Sam Bankman-Fried
By Allison Morrow, CNN Lawmakers are demanding that Sam Bankman-Fried, the founder of the failed crypto exchange FTX, appear before the Senate…
Continue ReadingUS gas prices are now cheaper than they were a year ago
By Julia Horowitz, CNN Business US gasoline prices are now cheaper than they were one year ago, providing relief to Americans that have spent 2022…
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