Inflation is a global problem. Here’s how central banks are addressing it
By Nicole Goodkind, CNN Business Just like misery, inflation loves company. And as price increases linger near 40-year highs, the United States has…
Continue ReadingMoney
Home sales dropped 20% in August from a year ago
By Anna Bahney, CNN Business Home sales declined for the seventh month in a row in August as higher mortgage rates and stubbornly high prices pushed…
Continue ReadingOpinion: Many have lost faith in the Fed. Will it be able to win our trust again?
Opinion by Mohamed A. El-Erian for CNN Business Perspectives This week, it will become more apparent to economists and policymakers across the globe…
Continue ReadingUS dollar hits new 20-year high as Russia calls up reservists
CNN By Julia Horowitz and Anna Cooban, CNN Business The US dollar climbed to a new two-decade high on Wednesday after Russia said it was mobilizing…
Continue ReadingGermany nationalizes its biggest natural gas importer
By Inke Kappeler, Allegra Goodwin and Mark Thompson, CNN Business Germany is nationalizing Uniper, its biggest importer of natural gas, as part of an…
Continue ReadingHong Kong stocks hit an 11-year low after historic Fed rate hike
CNN, WLOX, WRAL, WKYT By Laura He, CNN Business Hong Kong stocks hit their lowest level in more than a decade Thursday and other Asian markets also…
Continue ReadingThe Fed’s credibility is still on the line
By Julia Horowitz, CNN Business The Federal Reserve’s latest policy announcement represents a critical moment, as Wall Street waits to see how…
Continue ReadingSeptember 21, 2022: Fed raises interest rates by three-quarters of a percentage point
By CNN Business The-CNN-Wire™ & © 2022 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights…
Continue ReadingUS dollar hits new 20-year high as Russia calls up reservists
By Julia Horowitz and Anna Cooban, CNN Business The US dollar climbed to a new two-decade high on Wednesday after Russia said it was mobilizing…
Continue ReadingAmerica gained 2.5 million new millionaires last year
By Michelle Toh, CNN Business The number of rich people in the world rose at a rapid pace last year, boosted by gains in the stock market and house…
Continue ReadingFed goes big again with third-straight three-quarter-point rate hike
By Nicole Goodkind, CNN Business The Federal Reserve made history on Wednesday, approving a third consecutive 75-basis-point hike in an aggressive…
Continue ReadingThe historic streak of falling US gas prices is over
By Matt Egan and Chris Isidore, CNN Business Well, it was nice while it lasted. After sinking every day for more than three months, US gas prices…
Continue ReadingUS in talks with India about rethinking reliance on Russian arms and energy
By Jennifer Hansler, Kylie Atwood and Rhea Mogul, CNN The United States is in “deep” talks with India over its reliance on Russian arms…
Continue ReadingChina’s ‘Lipstick King’ returns to live-streaming show after mysterious three-month disappearance
By Laura He, CNN Business One of China’s most popular livestreamers quietly resurfaced online Tuesday night, after a three-month absence linked…
Continue ReadingMovie theaters reopen in Indian-controlled Kashmir for the first time in more than two decades
By Rhea Mogul and Manveena Suri, CNN Movie theaters in Indian-controlled Kashmir have reopened their doors, more than two decades after they were…
Continue ReadingNYC faces a potential fiscal cliff with a nearly $10 billion deficit by 2026
By Alison Kosik and Kate Trafecante, CNN Business The New York State Comptroller said Tuesday that several of New York City’s fiscal challenges…
Continue ReadingBeyond Meat suspends executive after he was arrested on suspicion of biting a man’s nose
By Allison Morrow, CNN Business Beyond Meat suspended its chief operating officer after he was arrested over the weekend on suspicion of biting a…
Continue ReadingGOP attorneys general threaten Visa, American Express and MasterCard over gun-store code
By Matt Egan Two dozen Republican attorneys general warned Visa, American Express and MasterCard on Tuesday not to go ahead with their plans to add a…
Continue ReadingWalmart and Target push to lower credit card fees
By Nathaniel Meyersohn, CNN Business Frustrated by extra credit card fees when you shop? A pair of bipartisan bills in Congress aim to lower the…
Continue ReadingGap is laying off 500 corporate employees as challenges mount
By Jordan Valinsky, CNN Business Roughly 500 corporate jobs are being eliminated at the Gap, adding to the problems that the beleaguered retailer is…
Continue Reading