The recession debate could hinge on this data
By Julia Horowitz, CNN Business Are Americans still reaching for their wallets, even as high inflation forces households to contend with higher…
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Target profit plunges 90% as inflation-weary shoppers pull back
By Chris Isidore, CNN Business Target reported profit plunged 90% in the second quarter, falling far short of expectations, as inflation-weary…
Continue ReadingWhen will price increases end? Probably never
By Nicole Goodkind, CNN Business A dollar just isn’t worth what it used to be. At the grocery store, you’re getting about 11 cents less…
Continue ReadingChina’s No.2 admits economic recovery is at ‘most difficult point’
By Laura He, CNN Business Chinese Premier Li Keqiang has urged China’s wealthiest provinces to “bravely take the lead” to bolster…
Continue ReadingNo, Elon Musk is not buying Manchester United
By Diksha Madhok, CNN Business The richest man on earth has once again created chaos and commotion on the internet with his tweets. Tesla’s…
Continue ReadingUK inflation exceeds 10% as bread and milk prices soar
By Mark Thompson, CNN Business Inflation in the United Kingdom hit a new 40-year high last month, rising above 10% for the first time since 1982 and…
Continue ReadingGM is recalling hundreds of thousands of vehicles because of a seat belt problem
By Rob McLean, CNN Business GM is recalling hundreds of thousands of vehicles because of a problem with third-row seatbelts. The National Highway…
Continue ReadingMore Americans are relying on credit cards. That could be very costly
By Matt Egan Interest rates on credit cards are so high these days that consumers with a $5,000 credit card balance could pay an extra $1,000 in…
Continue ReadingMore Americans are relying on credit cards. That could be very costly
CNN By Matt Egan Interest rates on credit cards are so high these days that consumers with a $5,000 credit card balance could pay an extra $1,000 in…
Continue ReadingEV credits are now harder to come by. These buyers snuck in deals under the wire.
By Matt McFarland, CNN Business President Biden signed into law the Inflation Reduction Act on Tuesday, and it will reshape the electric vehicle tax…
Continue ReadingEV credits are now harder to come by. These buyers snuck in deals under the wire.
CNN By Matt McFarland, CNN Business President Biden signed into law the Inflation Reduction Act on Tuesday, and it will reshape the electric vehicle…
Continue ReadingEnd of the Zoom boom? Citi analyst cuts stock to a rare ‘sell’ rating
By Paul R. La Monica, CNN Business Zoom was one of the biggest beneficiaries of the work-from-anywhere trend that took hold during the height of the…
Continue ReadingEnd of the Zoom boom? Citi analyst cuts stock to a rare ‘sell’ rating
CNN By Paul R. La Monica, CNN Business Zoom was one of the biggest beneficiaries of the work-from-anywhere trend that took hold during the height of…
Continue ReadingEnd of the Zoom boom? Citi analyst cuts stock to a rare ‘sell’ rating
CNN By Paul R. La Monica, CNN Business Zoom was one of the biggest beneficiaries of the work-from-anywhere trend that took hold during the height of…
Continue ReadingWalmart+ has an Amazon Prime Video competitor
By Frank Pallotta, CNN Business Walmart+ — in its effort to become a true competitor to Amazon Prime — will offer Paramount+ as part of its…
Continue ReadingRecord Home Depot sales show America’s housing market is still strong
By Paul R. La Monica, CNN Business Soaring mortgage rates and unaffordable home prices are worrisome signs for the broader housing market and…
Continue ReadingNew home construction cools as more people get priced out of the housing market
By Anna Bahney, CNN Business Home builders pressed on the brakes once again last month as the cost of building supplies remained high and more…
Continue ReadingWarren Buffett is still betting on America’s economy
By Julia Horowitz, CNN Business It’s a moment of great uncertainty for the US economy, as high inflation and rising interest rates feed fears…
Continue ReadingWalmart results relieve some recession fears
By Chris Isidore, CNN Business Walmart had good news Tuesday for investors and economists worried about a looming recession, as the retail giant gave…
Continue ReadingUK workers suffer biggest hit to their wages since records began
By Anna Cooban, CNN Business UK workers have suffered the biggest drop in their spending power in more than 20 years as prices keep soaring. Average…
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