Why the Fed is about to stop the party on Wall Street (and what it means for you)
CNN, CNN BUSINESS By Allison Morrow, CNN Business It’s basically official at this point: The Federal Reserve will soon wind down its…
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Afghanistan’s currency crumbles to record lows
By Matt Egan, CNN Business Afghanistan’s currency has tumbled to record lows this week as the Taliban seizes control of the impoverished nation…
Continue ReadingIMF withholds $450 million in funds from Afghanistan after Taliban takeover
By Matt Egan, CNN Business The International Monetary Fund, under pressure from the Biden administration, said Wednesday it will no longer release…
Continue ReadingOld Navy won’t keep women’s plus-size clothing in a separate section
By Nathaniel Meyersohn, CNN Business Old Navy will end its practice of separate plus-size sections for women’s clothing in stores and online…
Continue ReadingA stock market correction may be right around the corner
By Paul R. La Monica, CNN Business The S&P 500 and the Dow are still near all-time highs despite Tuesday’s big selloff. The Nasdaq…
Continue ReadingGOP lawmakers urge Treasury to prevent $450 million from flowing to Taliban
CNN By Matt Egan, CNN Business Republican lawmakers are calling on the Biden administration to intervene at the International Monetary Fund to…
Continue ReadingMastercard is getting rid of its credit cards’ magnetic stripes
By Jordan Valinsky, CNN Business Mastercard is getting rid of magnetic stripes on its credit and debit cards over the next 10 years, part of a…
Continue ReadingHere’s what the Delta variant means for the economic recovery
Opinion by Mark Zandi for CNN Business Perspectives The US economy’s immediate prospects appear inextricably tied to how the wave of infections…
Continue ReadingThe housing boom could be losing steam
By Julia Horowitz, CNN Business The economic recovery from the pandemic has produced a red-hot global housing market, sending prices soaring and…
Continue ReadingTencent profits jump nearly 30% as China continues historic tech crackdown
By Diksha Madhok, CNN Business Tencent reported a 29% rise in second-quarter profit, even as Beijing expands its scrutiny of the private sector. The…
Continue ReadingNando’s closes 45 restaurants after running short of chicken
By Charles Riley, CNN Business Nando’s has been forced to close dozens of restaurants in the United Kingdom due to shortages of the…
Continue ReadingThe Taliban are sitting on $1 trillion worth of minerals the world desperately needs
By Julia Horowitz, CNN Business The swift fall of Afghanistan to Taliban fighters has triggered a humanitarian crisis, with thousands trying to flee…
Continue ReadingThe Taliban are sitting on $1 trillion worth of minerals the world desperately needs
CNN By Julia Horowitz, CNN Business The swift fall of Afghanistan to Taliban fighters has triggered a humanitarian crisis, with thousands trying to…
Continue ReadingPresident Xi Jinping turns his fire on China’s rich in push to redistribute wealth
By Laura He, CNN Business Chinese President Xi Jinping this week issued a bold new pledge to redistribute wealth in the country, piling more pressure…
Continue ReadingAs the government talks about vaccine boosters, it’s time to cover the endemic reality of Covid
CNN By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for…
Continue ReadingAs the government talks about vaccine boosters, it’s time to cover the endemic reality of Covid
By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
Continue ReadingNissan unveils a new retro-styled Z sports car
CNN By Peter Valdes-Dapena, CNN Business Nissan unveiled the redesigned 2023 Nissan Z sports car Tuesday night, a somewhat retro-styled model the…
Continue ReadingNissan unveils a new retro-styled Z sports car
By Peter Valdes-Dapena, CNN Business Nissan unveiled the redesigned 2023 Nissan Z sports car Tuesday night, a somewhat retro-styled model the company…
Continue ReadingSerena Williams and Nike unveil shoe and apparel collection
By Chauncey Alcorn, CNN Business Serena Williams is pairing up with Nike to try to bring more people of color into the world of fashion design. On…
Continue ReadingFintechs have a fraud problem with their Covid relief loans
By Matt Egan, CNN Business Fintech lenders helped speed the delivery of forgivable government loans to small businesses crushed by the pandemic. But…
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