Bank of England sets biggest rate hike in 33 years and warns of a long recession
By Hanna Ziady and Julia Horowitz, CNN Business The Bank of England raised interest rates by three quarters of a percentage point on Thursday, the…
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What to look for in the last jobs report before the midterms
By Allison Morrow, CNN Business When the Bureau of Labor Statistics releases its October jobs report on Friday, it will be the last major read of the…
Continue ReadingLes Moonves, CBS to pay $30 million in settlement with NY AG over sexual misconduct allegations
By Frank Pallotta, CNN Business Leslie Moonves, former chief executive officer of CBS, and CBS reached a $30.5 million settlement with the office of…
Continue ReadingThanksgiving dinner will be a lot more expensive this year, report finds
CNN By Danielle Wiener-Bronner, CNN Business Looks like Thanksgiving will be a lot pricier this year. Market research firm IRI predicts that your…
Continue ReadingWhat rising interest rates mean for you
By Jeanne Sahadi, CNN Business The Federal Reserve raised its benchmark interest rate for the sixth time in a row on Wednesday, to a range of 3.75%…
Continue ReadingWhat will the Fed do next? Follow the economy, not what Jerome Powell says
CNN, CNNBUSINESS By Paul R. La Monica, CNN Business The stock market has been on a roller coaster ride, largely because of Wall Street’s…
Continue ReadingThanksgiving dinner will be a lot more expensive this year, report finds
By Danielle Wiener-Bronner, CNN Business Looks like Thanksgiving will be a lot pricier this year. Market research firm IRI predicts that your…
Continue ReadingBiden’s stock market record so far is the second worst since Jimmy Carter
CNN, CNN BUSINESS By Matt Egan, CNN Business The stock market started the Biden era with a boom. But it heads into the midterm election looking more…
Continue ReadingGrocery prices are soaring. But this food favorite is getting cheaper
By Parija Kavilanz, CNN Business There’s at least one item in the grocery store that is getting less expensive: avocados. A significant supply…
Continue ReadingFord October sales slide 10% largely due to supply chain issues
By Michael Ballaban, CNN Business Ford saw its October US sales slump 10% over the last year as the company continued to battle supply chain…
Continue ReadingShipping giant Maersk warns of ‘dark clouds on the horizon’
By Julia Horowitz, CNN Business The spike in shipping rates since the onset of the pandemic has been a huge boon for Maersk. But the Danish shipping…
Continue ReadingA decade of rising house prices is over. The UK economy will feel the pain
By Anna Cooban and Hanna Ziady, CNN Business For years, home ownership in Britain has been a one-way bet. Prices have climbed steadily since the…
Continue ReadingFrom Apple to Disney, China’s Covid curbs are again hurting business
By Diksha Madhok and CNN’s Beijing bureau It has been almost three years since Covid-19 first hit China, but the country’s relentless…
Continue ReadingThese baristas are leading a nationwide campaign to unionize Starbucks. It came at a cost
By Chris Isidore, CNN Business They came from very different backgrounds and different parts of the country, each with different reasons for seeking…
Continue ReadingWorkers vote against first unionizing effort at Home Depot
CNN, CNN BUSINESS By Chris Isidore, CNN Business Workers at a Home Depot in Philadelphia overwhelmingly voted against becoming the first store in the…
Continue ReadingWall Street’s recent love affair with the Fed could turn on a dime
By Nicole Goodkind, CNN Business Fed decision day is here — and so is some potential bad news for the market. That’s because investors have…
Continue ReadingThe Fed makes history with a fourth straight three-quarter-point rate hike
By Nicole Goodkind, CNN Business The Federal Reserve approved a fourth-straight rate hike of three-quarters of a percentage point on Wednesday as…
Continue ReadingThis is what Starbucks’ 25th anniversary holiday cups look like
By Jordan Valinsky, CNN Business This year marks the 25th anniversary of Starbucks’ holiday cups, an annual tradition that unofficially rings…
Continue Reading‘The worst is behind us’: Hong Kong hosts top global bankers for finance summit
By Michelle Toh, CNN Business Hong Kong leader John Lee sought to drum up confidence in the city’s future as a global financial hub on…
Continue ReadingSpotify is going to war with Apple after the App Store rejected its big new feature
By Oliver Darcy, CNN Business Spotify is looking to give Apple a good bruising in the press. The music streamer is taking its grievances with the…
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