British pound hits a 37-year low as UK economy skids
CNN, CNNI By Julia Horowitz, CNN Business The British pound slumped to a 37-year low on Friday after new data showed that shoppers are pulling back…
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FedEx warns of a global recession, cutting sales forecast by half a billion dollars
By Chris Isidore, CNN Business FedEx warned that a global recession could be coming, as demand for packages around the world tumbles. Shares of FedEx…
Continue ReadingGermany takes control of Russian-owned oil refineries
By Nadine Schmidt and Anna Cooban, CNN Business The German government has seized control of three Russian-owned oil refineries to secure supplies of…
Continue ReadingWall Street dodged a rail strike crisis, but there’s trouble ahead
By Nicole Goodkind, CNN Business The announcement from the White House that a tentative deal has been reached to avert the first national rail strike…
Continue ReadingBritish pound hits a 37-year low as UK economy skids
By Julia Horowitz, CNN Business The British pound slumped to a 37-year low on Friday after new data showed that shoppers are pulling back spending as…
Continue ReadingManchester United: Winning on Wall Street despite struggling on the field
By Paul R. La Monica, CNN Business Fans of the Manchester United Football Club are not thrilled to see their squad in the middle of the pack of the…
Continue Reading‘Astonishing.’ Morgan Stanley hard drives holding sensitive client data got auctioned off online
CNN, CNNBUSINESS By Matt Egan, CNN Business Federal regulators accused Morgan Stanley on Tuesday of “astonishing” failures that led to…
Continue ReadingMcDonald’s CEO sounds the alarm over crime in Chicago
By Danielle Wiener-Bronner, CNN Business McDonald’s CEO Chris Kempczinski has big concerns about surging crime in Chicago, where the fast food…
Continue ReadingWhy the threat of a rail strike is delayed but not gone
By Chris Isidore, CNN Business There will be no freight railroad strike early Friday. But the threat of a strike has not gone away entirely. The…
Continue ReadingWall Street dodged a rail strike crisis, but there’s trouble ahead
CNN By Nicole Goodkind, CNN Business The announcement from the White House that a tentative deal has been reached to avert the first national rail…
Continue ReadingPatagonia’s founder transfers ownership into two entities to help fight the climate crisis
CNN By Kate Trafecante, CNN Patagonia’s founder is transferring ownership of the company after nearly 50 years into two entities that will help…
Continue ReadingStrikes could bring UK railways to a standstill
CNN By Anna Cooban and Arnaud Siad, CNN Business Labor unions in the United Kingdom offered the country a brief respite from a wave of strike action…
Continue ReadingRail strike deal averts travel nightmares for train commuters
By Matt McFarland, CNN Business US commuter railroads and passengers are breathing a sigh of relief as freight rail companies and the unions that…
Continue ReadingCheaper oil and Ukraine war are blowing a hole in Russia’s finances
By Clare Sebastian, CNN There are new signs of strain in the Russian economy as energy prices fall and nearly seven months of war in Ukraine prove…
Continue ReadingKanye West says he’s terminating his partnership with the Gap
By Jordan Valinsky, CNN Business Kanye West said he’s terminating his rocky two-year-old partnership with the Gap because of “substantial…
Continue ReadingMortgage rates top 6% for the first time since 2008
By Anna Bahney, CNN Business Mortgage rates jumped again, surpassing the 6% mark and reaching the highest level since the fall of 2008. The 30-year…
Continue ReadingWeekly jobless claims fall for fifth-straight week, showing resilient labor market
By Alicia Wallace, CNN Business The number of first-time claims for unemployment benefits fell again last week, setting a new three-month low and…
Continue ReadingHere’s what the railroads and unions agreed to
By Vanessa Yurkevich, CNN Business Freight railroad unions and management reached a tentative deal to avert a strike, addressing a key attendance…
Continue ReadingCNN announces it will debut new morning show with Don Lemon, Poppy Harlow, and Kaitlan Collins
By Oliver Darcy, CNN Business CNN is reimagining its mornings. The network on Thursday unveiled a new marquee morning program that will debut later…
Continue ReadingUS consumer spending rose in August as gas prices fell
By Martha C. White, CNN Business Another month of falling gas prices gave Americans’ wallets a bit of a reprieve in August. That sent consumers…
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