AMC’s hype machine can’t fix the broken economics of movie theaters
By Paul R. La Monica, CNN Business Movie theater chain AMC is a top pick for meme investors, but the stock hasn’t exactly turned out to be the…
Continue ReadingMoney
Mortgage rates reach highest level since 2008
By Anna Bahney, CNN Business Mortgage rates reached their highest level since 2008, inching closer to 6% this week, as it became clearer to investors…
Continue Reading‘We need to act right now’: Fed Chairman Powell vows to continue aggressive inflation fight
Martha C. White for CNN Business At a think tank conference Thursday, Federal Reserve Chairman Jerome Powell reiterated his pledge to stay the course…
Continue ReadingCNN anchor Bernard Shaw dead at 82
CNN By Veronica Stracqualursi, CNN Former CNN anchor Bernard Shaw died Wednesday at a Washington, DC, hospital of pneumonia unrelated to Covid-19,…
Continue ReadingCNN anchor Bernard Shaw dead at 82
By Veronica Stracqualursi, CNN Former CNN anchor Bernard Shaw died Wednesday at a Washington, DC, hospital of pneumonia unrelated to Covid-19,…
Continue ReadingGM unveils $30,000 electric SUV that will be one of the cheapest EVs available
By Peter Valdes-Dapena, CNN Business General Motors revealed a new electric SUV Thursday that the automaker expects will be the cheapest compact…
Continue ReadingOpinion: We could see slow economic growth for the rest of the decade
Opinion by Gad Levanon for CNN Business Perspectives So far this year, the US economy has managed to skirt a recession, despite what many experts…
Continue ReadingWeekly jobless claims fall again, underscoring tight job market
By Alicia Wallace, CNN Business Despite fears of a recession, the labor market is showing no signs of weakening. The number of first-time claims for…
Continue Reading‘Top Gun: Maverick’ is unlike any blockbuster Hollywood has seen in years
By Frank Pallotta, CNN Business There are summer blockbusters, and then there’s “Top Gun: Maverick.” The Paramount film, featuring…
Continue ReadingEuropean Central Bank sets record rate hike to fight energy price shock
By Mark Thompson, CNN Business The European Central Bank hiked interest rates by a record three-quarters of a percentage point on Thursday and…
Continue ReadingJeep’s first three electric SUVs want to be able to tackle anything
By Peter Valdes-Dapena, CNN Business Jeep will bring out three new all-electric SUVs over the next few years as it moves toward selling only electric…
Continue ReadingThe US dollar is strong but something is off
By Nicole Goodkind, CNN Business The US dollar can’t be stopped. Fueled by the Federal Reserve’s aggressive tightening policy, the value…
Continue ReadingPrice of war: UK and EU throw $500 billion at energy subsidies
By Lauren Kent and Anna Cooban, CNN Business The United Kingdom on Thursday confirmed plans to subsidize energy bills for households and businesses,…
Continue ReadingBig oil companies are spending millions to appear ‘green.’ Their investments tell a different story, report shows
By Lauren Kent, CNN Big oil companies are spending millions to portray themselves as taking action on climate change, but their investments and…
Continue ReadingTesla Model Y’s Autopilot gets highest grade in European safety tests
By Matt McFarland, CNN Business The Tesla Model Y received the highest grade of any vehicle in a European safety test that ranked driver-assist…
Continue ReadingOil slides to fresh seven-month lows as selloff deepens
CNN, CNNBUSINESS By Matt Egan Oil prices dropped sharply on Wednesday, deepening a selloff that has already brought relief to drivers at the gas…
Continue ReadingOil slides to fresh seven-month lows as selloff deepens
By Matt Egan Oil prices dropped sharply on Wednesday, deepening a selloff that has already brought relief to drivers at the gas pump. US oil tumbled…
Continue ReadingReality is setting in for GameStop stock
By Paul R. La Monica, CNN Business Billionaire Ryan Cohen profited big when he briefly invested in struggling retailer Bed Bath & Beyond and…
Continue ReadingCineworld, the world’s second largest movie theater chain, files for bankruptcy
By Frank Pallotta, CNN Business Cineworld Group — the world’s second largest movie theater chain and owner of Regal Cinemas — said…
Continue ReadingMajor League Baseball players union joins the AFL-CIO
By Chris Isidore, CNN Business The Major League Baseball Players Association is joining the AFL-CIO, the nation’s largest labor federation that…
Continue Reading