The Fed’s preferred inflation measure set a new 40-year high in June
By Alicia Wallace, CNN Business Another key measure of inflation set a fresh 40-year high in June, a month marked by record-high gas prices. The…
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The strange reason America’s economy is shrinking
By Julia Horowitz, CNN Business When you think about a shrinking economy, what comes to mind? Factories shutting down. A wave of job losses and few…
Continue ReadingOpinion: The types of jobs to look for (and avoid) during a recession
Opinion by Lakshman Achuthan and Anirvan Banerji for CNN Business Perspectives A couple of months ago, when the consensus outlook for the economy was…
Continue ReadingCold showers and no lights: How one German city is fighting Russia’s energy battle
By Nadine Schmidt and Lauren Kent in London The German city of Hanover has banned hot water in public buildings and has introduced measures to reduce…
Continue ReadingGermany takes control of Russian-owned oil refineries
CNN By Nadine Schmidt and Anna Cooban, CNN Business The German government has seized control of three Russian-owned oil refineries to secure supplies…
Continue ReadingEurope’s economy surprisingly grew last quarter, easing recession fears (for now)
By Anna Cooban and Julia Horowitz, CNN Business Europe’s economy grew unexpectedly in the second quarter of this year, allaying concerns —…
Continue ReadingChina’s top leaders have gone silent on the country’s economic goals
By Laura He, CNN Business China’s top leadership has gone quiet on the growth targets it had set for the year, as the world’s…
Continue ReadingTesla, GM buyers would get EV tax credits again under Democrats’ climate bill
By Peter Valdes-Dapena, CNN Business Under a new green energy bill agreed to by Democratic Sens. Chuck Schumer and Joe Manchin, automakers like Tesla…
Continue ReadingTreasury Secretary Janet Yellen: US economy remains ‘resilient’ despite GDP decline
By Alicia Wallace, CNN Business While the latest GDP report showed the US economy contracted again in the second quarter, Treasury Secretary Janet…
Continue ReadingLast year’s backpack: Tapped out families are struggling to pay for back to school purchases
By Parija Kavilanz, CNN Business Shopping for back-to-school essentials is becoming a real struggle for families whose household budgets are…
Continue ReadingTiny birth control stock soars following Roe v. Wade overturn
By Paul R. La Monica, CNN Business There’s a saying on Wall Street that traders often sell the news. Well, that hasn’t been the case with…
Continue ReadingTiny birth control stock soars following Roe v. Wade overturn
CNN By Paul R. La Monica, CNN Business There’s a saying on Wall Street that traders often sell the news. Well, that hasn’t been the case…
Continue ReadingUS economy contracts again, fueling recession fears
CNN By Martha White and Alicia Wallace, CNN Business The US economy shrank again in the second quarter, the Bureau of Economic Analysis said…
Continue ReadingMortgage rates fall as fears about the US economy loom
By Anna Bahney, CNN Business Mortgage rates dropped last week as fears grow that the US economy is entering a recession. The 30-year fixed-rate…
Continue ReadingUS economy contracts again, fueling recession fears
By Martha White and Alicia Wallace, CNN Business The US economy shrank again in the second quarter, the Bureau of Economic Analysis said Thursday.…
Continue ReadingWhy stocks are so weird right now
By Julia Horowitz, CNN Business Before the Federal Reserve announced another supersized interest rate hike on Wednesday, investors told Before the…
Continue ReadingJetBlue announces a deal to buy Spirit Airlines. Fares could surge
By Chris Isidore, CNN Business JetBlue Airways on Thursday announced it would purchase Spirit Airlines, a combination that would create…
Continue ReadingLast year’s backpack: Tapped out families are struggling to pay for back to school purchases
CNN, CNNBUSINESS By Parija Kavilanz, CNN Business Shopping for back-to-school essentials is becoming a real struggle for families whose household…
Continue ReadingThis region is suffering from some of the highest inflation in America. Here’s how locals are surviving
By Natasha Chen For 17 years, Ana Duran worked full time as a travel counselor. Late last year she lost that job, shortly before seeing the price of…
Continue ReadingAsia’s richest woman lost more than half her fortune in China’s property crunch
By Laura He, CNN Business Yang Huiyan, Asia’s wealthiest woman, has seen her wealth fall to $11 billion from nearly $24 billion this year as…
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