Inflation in Europe drops for the first time in 17 months
By Julia Horowitz, CNN Business For the first time in 17 months, inflation in Europe is easing. Consumer prices rose by 10% in the year to November,…
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China to punish internet users for ‘liking’ posts in crackdown after zero-Covid protests
CNN By Laura He, CNN Business Internet users in China will soon be held liable for liking posts deemed illegal or harmful, sparking fears that the…
Continue ReadingChina to punish internet users for ‘liking’ posts in crackdown after zero-Covid protests
By Laura He, CNN Business Internet users in China will soon be held liable for liking posts deemed illegal or harmful, sparking fears that the…
Continue ReadingBusinesses scramble to limit the damage of looming freight rail strike
By Matt Egan and Kate Trafecante, CNN From retailers and computer chip makers to the oil-and-gas industry, businesses are scrambling to find…
Continue ReadingAmerican consumers got holiday shopping off to a strong start
CNN By Nathaniel Meyersohn, CNN Business Americans dished out for toys, televisions and clothing on Black Friday and into the holiday weekend,…
Continue ReadingAmerican consumers got holiday shopping off to a strong start
By Nathaniel Meyersohn, CNN Business Americans dished out for toys, televisions and clothing on Black Friday and into the holiday weekend, despite…
Continue ReadingThere’s a big problem with the Kroger-Albertsons supermarket merger
By Nathaniel Meyersohn, CNN Business When Christine Martinez found out last month that Kroger and Albertsons planned to merge in a deal worth nearly…
Continue ReadingHow an arcane 96-year-old law stopped the rail strike
CNN By Chris Isidore, CNN Business Most labor disputes never end up being debated in Congress. But thanks to a nearly century-old law that regulates…
Continue ReadingMortgage giants raise loan limits to a record level for 2023
By Anna Bahney, CNN Business Mortgage giants Fannie Mae and Freddie Mac will raise the limits of government-backed loans to a record level for 2023,…
Continue ReadingWhat the heck happened to Salesforce?
By Paul R. La Monica, CNN Business Tech stocks have taken a nasty tumble this year, but some are doing even worse than others. Exhibit A: software…
Continue ReadingAMC Networks CEO steps down after less than three months as network plans staff cuts
By Frank Pallotta, CNN Business AMC Networks is looking for a new CEO and plans to lay off 20% of its US workforce. After less than three months on…
Continue ReadingMcDonald’s is giving people the chance to win free food for life
WXIA, PROVIDED STILL PHOTOS, CNN By Jordan Valinsky, CNN Business For the holidays, McDonald’s is giving away free meals for life. Well, sort…
Continue ReadingUS consumer confidence falls to lowest level since July
By Alicia Wallace, CNN Business US consumer confidence fell in November as inflation and economic uncertainty continued to loom large and potentially…
Continue ReadingBank of America CEO predicts two years of pain ahead in the housing market
By Paul R. La Monica, CNN Business The CEO of one of the nation’s largest banks is preparing for an economic downturn in 2023. But he’s…
Continue ReadingRail unions decry Biden’s call for Congress to block strike. Businesses praise the plan
By Chris Isidore and Matt McFarland, CNN Business President Joe Biden was in the unusual position Tuesday of being praised by business interests and…
Continue ReadingMcDonald’s is giving people the chance to win free food for life
By Jordan Valinsky, CNN Business For the holidays, McDonald’s is giving away free meals for life. Well, sort of. Beginning December 5, every…
Continue ReadingDid the economy end 2022 with a bang or a whimper?
CNN, CNNBUSINESS By Paul R. La Monica, CNN Recession alarm bells are sounding. But are they premature? Yes, retail sales tumbled in December as…
Continue ReadingWhat protests in China may mean for the economy
By Nicole Goodkind, CNN Business Protests against China’s prolonged and restrictive Covid regulations spread across the country over the…
Continue ReadingIs this the last Christmas for Sears?
By Chris Isidore, CNN Business Tracy Easterling spent about an hour Sunday shopping at Sears, which used to be one of her favorite stores. She ended…
Continue ReadingThe crypto winter claims Bitfront exchange as its latest casualty
By Diksha Madhok, CNN Business Bitfront, a crypto exchange backed by Japanese social media app Line, is shutting down after failing to overcome…
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