Stocks close their worst first half in 52 years, here’s what you need to know
By Nicole Goodkind, CNN Business The S&P 500 has posted its worst first half in more than 50 years, dropping 20.6% during the first 6 months of…
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This key inflation measure held steady in May
By Alicia Wallace, CNN Business An inflation gauge closely followed by the Federal Reserve showed consumer prices remained flat in May, indicating…
Continue ReadingConsumers’ inflation expectations hit record high
CNN By Lucy Bayly, CNN Business Consumer expectations for prices to continue rising over the next year increased to the highest level on record,…
Continue ReadingRadioShack’s NSFW Twitter account, explained
By Jordan Valinsky, CNN Business Clearly, this isn’t your father’s RadioShack. The zombie retailer’s Twitter account contains a…
Continue ReadingDealmaking drop-off reveals rise in business anxiety
By Julia Horowitz, CNN Business Dealmaking booms when markets are stable and businesses are feeling good about the economy and access to financing.…
Continue ReadingWho decides if the US is in a recession? Eight economists you’ve never heard of
By Nicole Goodkind, CNN Business Prominent Wall Street economists like Mark Zandi, investing luminaries like ARK Invest’s Cathie Wood and…
Continue ReadingChina’s economy just had its best month since February
By Laura He, CNN Business China’s huge manufacturing and service industries just saw their first month of growth since February, according to…
Continue ReadingIn 1922, Klondike bars sold for just 10 cents apiece. They’re technically cheaper now
By Parija Kavilanz, CNN Business It has a square shape, no stick, and will make your fingertips cold and sticky as you gingerly bite into its thin…
Continue ReadingTesla’s layoffs hit Autopilot team as AI develops
By Matt McFarland, CNN Business Tesla is increasingly turning to machines rather than humans as it attempts to develop autonomous vehicles. As part…
Continue ReadingTop UK supermarket stops selling Heinz baked beans in dispute over rising prices
CNN, CNNBUSINESS By Anna Cooban, CNN Business It’s getting harder for shoppers in the United Kingdom to find Heinz baked beans. Blame food…
Continue ReadingTop UK supermarket stops selling Heinz baked beans in dispute over rising prices
By Anna Cooban, CNN Business It’s getting harder for shoppers in the United Kingdom to find Heinz baked beans. Blame food price inflation.…
Continue ReadingBen and Jerry’s sells its Israeli business
By Jordan Valinsky, CNN Business Unilever has sold its Ben & Jerry’s business in Israel to its distributor in the country, following…
Continue ReadingWhy one analyst thinks Carnival stock could go to $0
By Paul R. La Monica, CNN Business Cruise giant Carnival was hit hard during the worst of the pandemic. Now, a top Wall Street analyst has issued a…
Continue ReadingChina throws media shield around Xi’s visit to Hong Kong
By Kathleen Magramo, CNN Journalists from leading international media organizations, including Reuters and CNN, have been barred from covering…
Continue ReadingThe US economy shrank 1.6% in the first quarter, adding to recession fears
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 ReadingOpinion: Why so many workers are still quitting their jobs
Opinion by Dana Peterson for CNN Business Perspectives Aside from, “You’re on mute,” “I quit” has likely become one of…
Continue ReadingBed Bath & Beyond’s CEO is out as sales tumble
By Jordan Valinsky, CNN Business Bed Bath and Beyond CEO Mark Tritton is out after only three years at the helm of the rapidly sinking retailer. The…
Continue ReadingRed flag: Consumers are using Buy Now, Pay Later to cover everyday expenses
CNN, CNN BUSINESS By Alicia Wallace, CNN Business Buy Now, Pay Later installment plans have become popular among consumers seeking to spread out the…
Continue ReadingWho’s right about a recession — markets or the Fed?
By Julia Horowitz, CNN Business A growing number of investors have come to the conclusion that a recession in the United States is probably looming,…
Continue ReadingCoke has a new flavor. It took inspiration from McDonald’s
By Danielle Wiener-Bronner, CNN Business Coca-Cola has another new flavor. This time, it got some help. The latest product out of Coca-Cola Creations…
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