The 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…
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Ukrainian 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…
Continue ReadingWhat today’s retirees want future retirees to know
By Jeanne Sahadi, CNN Business US retirees have some advice for their younger selves, and by extension anyone who has yet to retire: Save more. Save…
Continue ReadingRents to rise for more than a million New Yorkers in rent stabilized apartments
By Alison Kosik, for CNN Business The NYC Rent Guidelines Board (RGB) has given the green light to allow landlords in New York City to hike rents on…
Continue ReadingWell, drivers, we’ve got good news and bad news about gas prices
By Allison Morrow, CNN Business Editor’s Note: This story is part of CNN Business’ Nightcap newsletter. To get it in your inbox, sign up…
Continue ReadingPrice cap on Russian oil could shake up the market
CNN, CNNBUSINESS By Julia Horowitz, CNN Business Europe and the United States have barred the import of Russian oil to cut off a crucial revenue…
Continue ReadingElizabeth Warren to Fed chair Jerome Powell: Don’t ‘drive this economy off a cliff’
By Matt Egan for CNN Business Fed Chairman Jerome Powell conceded that the Federal Reserve’s aggressive interest rate hikes won’t solve…
Continue ReadingFedEx shows how to boost a stock in two simple steps
By Paul R. La Monica, CNN Business Who says pleasing fickle investors on Wall Street is hard? FedEx delivered its biggest daily stock jump since the…
Continue ReadingBarack and Michelle Obama ink deal with Amazon’s Audible
By Frank Pallotta, CNN Business The Obamas are heading to Audible. Higher Ground — Barack and Michelle Obama’s production company — signed…
Continue ReadingOpinion: Airlines are facing pressure from all directions
Opinion by Tom Stalnaker, Khalid Usman and Andrew Buchanan for CNN Business Perspectives After two years of enduring masks, social distancing and…
Continue ReadingBeyoncé’s new song is an anthem for the Great Resignation
CNN Lucy Bayly, CNN Business Federal Reserve Chairman Jerome Powell wants to increase joblessness in the US in order to save the economy. But…
Continue ReadingCould a housing slump threaten the stock market and the entire economy?
By Paul R. La Monica, CNN Business The red-hot housing market is starting to show signs of cooling off. Prices have spiked to levels unaffordable for…
Continue ReadingWheat down payments and free hogs: How Chinese developers are trying to sell homes
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 ReadingMillions affected after deadly floods hit India and Bangladesh
By Swati Gupta and Rhea Mogul, CNN Millions of people across India and Bangladesh have been affected by raging floods and landslides that left more…
Continue ReadingCorporate America is ‘disappointed’ in the Fed for getting inflation wrong, Gary Cohn tells CNN
by Matt Egan, CNN Corporate America is frustrated with the Federal Reserve for waiting too long to attack inflation, according to former Trump…
Continue ReadingEx-Trump adviser calls for lifting Trump tariffs on China
CNN By Matt Egan, CNN Business Former Trump economic official Gary Cohn is in favor of President Joe Biden lifting some Trump-era tariffs imposed on…
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