Fed chair Jerome Powell: Rate hikes could lead to more job losses
By Matt Egan, CNN Business Federal Reserve Chairman Jerome Powell told lawmakers on Thursday that aggressive interest rate hikes designed to tame…
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‘Abhorrent and systemic’ culture of sexual abuse in Australian mining, inquiry finds
By Hannah Ritchie, CNN Mining in Western Australia, a multi-billion dollar industry which helps power the nation’s economy, is plagued by an…
Continue ReadingNike is exiting Russia
By Jordan Valinsky, CNN Business Nike is the latest Western brand to leave Russia. In a statement, the clothing manufacturer said that it has…
Continue ReadingMortgage rates rise again, pricing more buyers out of the housing market
By Alicia Wallace, CNN Business Mortgage rates continue to climb as the Federal Reserve seeks to tame unwieldy inflation. The 30-year fixed-rate…
Continue ReadingWarren Buffett must really love oil. Berkshire boosts Occidental Petroleum stake
By Paul R. La Monica, CNN Business Warren Buffett’s Berkshire Hathaway is betting that the oil boom isn’t going to end any time soon.…
Continue ReadingOpinion: The heat waves are a wake-up call: The government needs to help low-income families
Opinion by Mark Wolfe for CNN Business Perspectives Last week more than 125 million people in the US were living under heat warning and advisories…
Continue ReadingTesla is still battling spying suspicions in China
By Michelle Toh, CNN Business Tesla cars are being kept off some roads in China as authorities bar them from sensitive areas, reportedly including a…
Continue ReadingWhy the corporate bond sell-off isn’t as scary as it looks
By Julia Horowitz, CNN Business Fears of a recession and the Federal Reserve’s aggressive rate hikes have pushed investors to dump corporate…
Continue ReadingGermany declares gas crisis as Russia cuts supplies to Europe
By Nadine Schmidt and Mark Thompson, CNN Business Europe’s biggest economy is now officially running short of natural gas and is escalating a…
Continue ReadingWheat down payments and free hogs: How Chinese developers are trying to sell homes
CNN By Laura He, CNN Business Some Chinese property developers are going to extreme lengths to attract buyers. From accepting grain or garlic as part…
Continue ReadingA Muslim teenager was killed at a protest in India. His family wants answers
By Hannah Ritchie, Rishabh Pratap, Rhea Mogul and Hilary Whiteman, CNN “They’re firing bullets, they’re firing bullets!” a…
Continue ReadingBlack former Tesla contractor turned down $15 million award in racial harassment suit, likely setting up new trial
By Alisha Ebrahimji, CNN A Black former contract worker at Tesla’s Fremont, California, factory turned down ​a judge’s offer for a…
Continue ReadingThe dream of owning a home is out of reach for 4 million Americans
By Alicia Wallace, CNN Business The record run-up in home prices and rents exacerbated the affordable housing crisis in the US, and rising interest…
Continue ReadingPutin says Russia is rerouting trade to China and India
By Anna Chernova and Chris Liakos President Vladimir Putin said Wednesday that Russia is rerouting trade to “reliable international…
Continue ReadingThe US economy shrank 1.6% in the first quarter, adding to recession fears
CNN By Alicia Wallace, CNN Business The US economy shrank at a slightly faster rate than previously estimated during the first quarter, the Bureau of…
Continue ReadingUkrainian journalist Maks Levin ‘executed in cold blood,’ report says
By Vasco Cotovio, CNN Pro-journalist and free speech non-government organization Reporters Without Borders (RSF) says it has evidence that Russian…
Continue ReadingJPMorgan lays off hundreds of employees in mortgage division as rates spike
By Matt Egan, CNN Business JPMorgan Chase is laying off employees this week in response to the spike in mortgage rates that has rocked the housing…
Continue ReadingJuul vape pens could be pulled from US shelves. Altria shares tumble
By Jordan Valinsky, CNN Business A report that the Food and Drug Administration might order Juul to pull its products from store shelves has sent…
Continue ReadingSitting pretty? Revlon stock surges after bankruptcy filing
By Paul R. La Monica, CNN Business Move over, GameStop and AMC. And forget about bitcoin and other cryptocurrencies. Revlon, the struggling makeup…
Continue ReadingWhy Kellogg is turning its back on Frosted Flakes and Froot Loops
By Danielle Wiener-Bronner, CNN Business For years, Kellogg’s has been synonymous with Froot Loops, Frosted Flakes, Special K and other…
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