As PacWest shares dive, are we seeing the 2008 financial crisis all over again?
By Elisabeth Buchwald, CNN If the current banking crisis looks like ’08, sounds like ’08 and feels like ’08, is it ’08 all…
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US employees are more satisfied than ever, new survey finds
By Jeanne Sahadi, CNN No job will ever be perfect. But a new survey released by The Conference Board on Thursday found that US employees’ job…
Continue ReadingMortgage rates tick down for the second week in a row
By Anna Bahney, CNN Mortgage rates ticked down last week for the second week in a row, as progress on inflation is keeping rates calmer. The 30-year…
Continue ReadingABC News announces new anchors for ‘GMA3’
By Jordan Valinsky, CNN Business ABC News on Thursday announced the new anchors for “GMA3,” five months after T.J. Holmes and Amy Robach…
Continue ReadingPeloton is recalling 2 million bikes
By Jordan Valinsky, CNN Business Peloton is recalling 2 million bikes because of a safety hazard caused by the adjustable seat that could break…
Continue ReadingBig banks could face billions more in FDIC fees after bank collapses
By Elisabeth Buchwald, CNN The Federal Deposit Insurance Corporation’s board of directors approved a proposal to raise the fees banks pay to…
Continue ReadingPacWest Bank shares tumble as crisis prompts customers to yank deposits
By Allison Morrow, CNN Shares of PacWest Bancorp tumbled Thursday after the regional bank reported that customers had recently drawn down about 9.5%…
Continue ReadingNorfolk Southern unveils compensation plans for homeowners near derailment site
By Andrea Cambron, Jason Carroll and Chris Isidore, CNN Norfolk Southern is spelling out how it will compensate East Palestine, Ohio, homeowners…
Continue ReadingGM Envolve takes direct aim at Ford’s fleet business
By Peter Valdes-Dapena, CNN Business With a new business unit introduced Wednesday, General Motors is taking direct aim at Ford Motor Co.’s…
Continue ReadingWhite House wants to ban use of salary history in setting pay for new federal hires
By Jeanne Sahadi, CNN Whether one’s paycheck can keep pace with inflation is always a concern. But for women, the question is also can their…
Continue ReadingHome buying costs could spike by 22% if US defaults on its debt
By Anna Bahney, CNN The United States has never defaulted on its debt, and it remains an unlikely outcome of the current standoff about raising the…
Continue ReadingAnother key inflation gauge cooled further in April
By Bryan Mena, CNN Wholesale annual inflation slowed in April, adding to signs that price pressures are easing. The Producer Price Index, a key…
Continue ReadingBob Iger to Ron DeSantis: Does Florida want our jobs and taxes or not?
By Chris Isidore, CNN Disney CEO Bob Iger said Florida Governor Ron DeSantis’ attacks on the company threaten its plans for $17 billion of…
Continue ReadingDay care, margarine, car repairs: Here’s what’s costing Americans the most
By Elisabeth Buchwald, CNN Annual inflation unexpectedly declined to 4.9% last month, according to the April Consumer Price Index report, released…
Continue ReadingBank of England hikes interest rates for 12th time in battle with inflation
By Hanna Ziady, CNN The Bank of England raised interest rates by a quarter of a percentage point Thursday in its battle with inflation and said the…
Continue ReadingJanet Yellen says US default would trigger a global economic downturn
By Emiko Jozuka, CNN US Treasury Secretary Janet Yellen urged Congress on Thursday to raise its debt ceiling, warning that a US default would produce…
Continue ReadingTwo dead in shooting at Mercedes-Benz plant in Germany
By Nadine Schmidt and Hanna Ziady, CNN Two men have died after a shooting at a Mercedes-Benz plant in Sindelfingen, southern Germany on Thursday,…
Continue ReadingChina names head of powerful new financial regulator as industry faces greater scrutiny
By Laura He, CNN China has appointed the head of its powerful new financial watchdog, which was created as part of sweeping reforms aimed at reining…
Continue ReadingFive suspects arrested in India after bomb blasts near Golden Temple, Sikhism’s holiest shrine
By Jessie Yeung and Manveena Suri, CNN Police in northern India have arrested five suspects in connection with a series of homemade bomb explosions…
Continue ReadingCNN faces harsh criticism after Trump unleashed a firehose of lies during its live town hall
CNN By Oliver Darcy, CNN It’s hard to see how America was served by the spectacle of lies that aired on CNN Wednesday evening. Kaitlan Collins…
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