Americans lost half a trillion dollars in wealth in early 2022
By Tami Luhby, CNN Americans’ wealth took a nosedive early this year as the stock market plummeted. The net worth of households and nonprofit…
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Opinion: Inflation is painfully high, but it should ease soon
Opinion by Mark Zandi for CNN Business Perspectives Consumer inflation figures for May will be out Friday, and the report is sure to be disquieting.…
Continue ReadingStitch Fix is laying off 15% of its salaried employees
CNN, CNNBUSINESS By Nathaniel Meyersohn, CNN Business Online clothing retailer Stitch Fix will lay off 15% of its salaried staff — around 330…
Continue ReadingCredit Suisse CEO blasts ‘really stupid’ takeover rumor
By Paul R. La Monica, CNN Business Most chief executive officers, when asked if their firm is for sale, would give a boring, lawyer-approved response…
Continue ReadingTrump’s Air Force One plan has a paint problem (among many other issues)
By Chris Isidore, CNN Business The two new Air Force One jets currently being built by Boeing are facing costly delays. Now there is a new potential…
Continue ReadingFreeport LNG explosion raises risk of European winter energy crisis
By Anna Cooban, CNN Business A fire at one of the world’s biggest suppliers of liquefied natural gas has thrown Europe’s fragile energy…
Continue ReadingBeware: The companies that hold your crypto aren’t insured the way banks are
By Jeanne Sahadi, CNN Business The latest “crypto winter,” which sent the values of Bitcoin and other digital currencies plummeting,…
Continue ReadingManhattan median rent hits new high of $4,000 a month
By Anna Bahney, CNN Business Rents keep climbing in Manhattan, hitting a record high in May for the fourth consecutive month. Median rent for an…
Continue ReadingMortgage rates jump, jacking up monthly payments for new buyers
By Anna Bahney, CNN Business After taking a breather for several weeks, mortgage rates climbed again. The 30-year, fixed-rate mortgage averaged 5.23%…
Continue Reading220 CEOs demand immediate action from the Senate to reduce gun violence
By Christine Romans, CNN Business More than 200 business leaders, representing employees in all 50 states, sent a joint letter to the Senate on…
Continue ReadingSheryl Sandberg’s Meta departure is the death knell for Lean In
By Nicole Goodkind, CNN Business The Covid-19 pandemic changed the nature of work in innumerable ways, some of which may not be fully discerned for…
Continue ReadingEuropean Central Bank confirms plans for first rate hike in 11 years
By Anna Cooban and Julia Horowitz, CNN Business The European Central Bank held off on raising interest rates on Thursday, but confirmed plans for a…
Continue ReadingCould stock trading fees make a comeback?
By Julia Horowitz, CNN Business In recent years, brokerages such as Robinhood and Charles Schwab have let users buy and sell stocks online without…
Continue ReadingHow Chris Pratt went from ‘Parks and Recreation’ to ‘Jurassic World’
By Frank Pallotta, CNN Business “Jurassic World: Dominion” hits theaters this weekend, and it features one of the most successful movie…
Continue ReadingHow Chris Pratt went from ‘Parks and Recreation’ to ‘Jurassic World’
CNN By Frank Pallotta, CNN Business “Jurassic World: Dominion” hits theaters this weekend, and it features one of the most successful…
Continue ReadingPresident Biden talks gun control with Jimmy Kimmel for his first in-person late night appearance
CNN By Frank Pallotta, CNN Business President Joe Biden made his first in-person appearance on a late night talk show when he stopped by “Jimmy…
Continue ReadingJanet Yellen: Stimulus spending contributed only modestly to inflation
By Matt Egan, CNN Business Treasury Secretary Janet Yellen on Wednesday defended the Biden administration’s 2021 stimulus package against…
Continue ReadingWall Street’s top cop proposes massive changes to the stock market
By Allison Morrow, CNN Business The agency that oversees Wall Street has proposed major changes to the way millions of everyday investors buy and…
Continue ReadingFannie and Freddie unveil plans to tackle the racial homeownership gap
By Anna Bahney, CNN Business Mortgage giants Freddie Mac and Fannie Mae announced Wednesday a series of actions that aim to make it easier to buy a…
Continue ReadingMETA alert! Facebook’s old FB stock ticker is no more
By Paul R. La Monica, CNN Business If you want to find the stock price of Mark Zuckerberg’s company, typing the familiar “FB”…
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