Triple whammy for European gas supplies sends prices soaring
By Anna Cooban, CNN Business Europe’s natural gas supply has suffered its third blow in 48 hours, sending prices rocketing 42% higher from…
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Consumers pull back spending due to high gas and food prices
By Chris Isidore, CNN Business The high cost of gas and food is causing US consumers to pull back spending on other items, suggesting a slowdown in…
Continue ReadingManufacturing CEOs are worried about a recession
By Matt Egan, CNN Business High inflation and rising recession risks are darkening the mood in the manufacturing industry. Fifty-nine percent of…
Continue ReadingHere’s why crypto experts are shrugging off the bitcoin crash
By Nicole Goodkind, CNN Business Cryptocurrency is having a terrible week. And it’s only Wednesday. Still, long-term investors are shrugging…
Continue ReadingTeslas using driver-assist systems were involved in 273 crashes over the past 9 months, according to NHTSA
By Matt McFarland, CNN Business The National Highway Traffic Safety Administration released on Wednesday nine months of crash data from vehicles…
Continue ReadingFord recalls 2.9 million vehicles that could roll away when placed in park
By Chris Isidore, CNN Business Ford is recalling 2.9 million vehicles that might not shift into the correct gear and could move in an unintended…
Continue ReadingBitcoin has crashed more than 30% this week to $20,000
By Anna Cooban, CNN Business Bitcoin continues to tumble this week to trade just above $20,000 on Wednesday as the cryptocurrency sell-off shows…
Continue ReadingThe Fed’s risky experiment to control inflation
By Julia Horowitz, CNN Business The Federal Reserve knows it needs to demonstrate that it can get inflation under control — and fast. What’s…
Continue ReadingWhat today’s Fed rate hike means for you
CNN, POOL By Matt Egan, CNN Business The Federal Reserve is stepping up its war on inflation. That means borrowing costs are going sharply higher for…
Continue ReadingEuropean Central Bank tries to ease fears of a debt crisis after bond ‘panic’
CNN By Clare Sebastian and Julia Horowitz, CNN Business The European Central Bank has tried to calm fears of a debt crisis by promising…
Continue ReadingMukesh Ambani, Asia’s richest man, bets billions on the future of cricket
By Diksha Madhok, CNN Business Indian billionaire Mukesh Ambani has now added a massive cricket deal to his empire. A venture backed by Ambani has…
Continue ReadingChina’s shoppers are still on strike and youth unemployment is rising
By Laura He, CNN Business China’s economy showed some signs of improvement in May, but retail sales contracted for a third month in a row,…
Continue ReadingEuropean Central Bank tries to ease fears of a debt crisis after bond ‘panic’
By Clare Sebastian and Julia Horowitz, CNN Business The European Central Bank has tried to calm fears of a debt crisis by promising…
Continue ReadingBloomberg News staffer released on bail in China, authorities say
By Simone McCarthy, CNN A Chinese national employed by Bloomberg News was released on bail earlier this year following more than a year in detention,…
Continue ReadingBiden ally pushes Big Oil surtax to eliminate ‘perverse’ incentives to price gouge
By Matt Egan, CNN Democratic Sen. Ron Wyden is drawing up a surtax on Big Oil that would seek to rein in the industry’s skyrocketing profits at…
Continue ReadingJoe Kahn takes over as the top editor of The New York Times
CNN By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
Continue ReadingJoe Kahn takes over as the top editor of The New York Times
By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
Continue ReadingCaterpillar to move headquarters from Illinois to Texas
By Andy Rose, CNN Industrial conglomerate Caterpillar, Inc. is moving its global headquarters from suburban Chicago to suburban Dallas, the company…
Continue ReadingReport: Volkswagen could sell more electric cars than Tesla by 2024
By Peter Valdes-Dapena, CNN Business Volkswagen has been saying for years that it intends to, one day, sell more electric cars than Tesla. That could…
Continue ReadingRetiring into a bear market: What to do, what to avoid
By Jeanne Sahadi, CNN Business The market rout has been painful for investors. But the sting may be especially sharp for anyone who has recently…
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