Amazon announces 2022 Prime Day dates
By Jordan Valinsky, CNN Business Amazon’s Prime Day sales event will be held on July 12 and 13, the company said Thursday. Last year’s…
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Opinion: The Fed’s latest rate hike will be a disaster for the economy
Opinion by Desmond Lachman for CNN Business Perspectives History will not judge the Jerome Powell Federal Reserve kindly. First, it brought us…
Continue ReadingLego will start building its bricks in the United States
CNN, CNNI By Jordan Valinsky, CNN Business Lego is planning to spend more than $1 billion to build a factory in the United States. The company…
Continue ReadingWWE boss Vince McMahon reportedly paid $3 million in hush money to cover up affair
By Frank Pallotta, CNN Business Vince McMahon, the CEO of WWE, is being investigated by the company’s board for agreeing to pay a secret $3…
Continue ReadingWhich Pixar film has rocketed to the top of the box office?
By Frank Pallotta, CNN Business Pixar is one of the most popular brands in animation as well as one of the most important studios in Disney’s…
Continue ReadingMortgage rates hit 5.78%, the biggest weekly jump since 1987
By Anna Bahney, CNN Business Mortgage rates surged by more than half a percentage point this week amid rising inflation and an interest rate hike by…
Continue ReadingWhat the Fed rate hike means for you
By Matt Egan, CNN Business The Federal Reserve is stepping up its war on inflation. That means borrowing costs are going sharply higher for families…
Continue ReadingRevlon files for bankruptcy
By Jordan Valinsky, CNN Business Revlon, the 90-year-old cosmetics giant, filed for Chapter 11 bankruptcy protection because of its crippling debt…
Continue ReadingRevlon files for bankruptcy
CNN By Jordan Valinsky, CNN Business Revlon, the 90-year-old cosmetics giant, filed for Chapter 11 bankruptcy protection because of its crippling…
Continue ReadingCentral banks are desperate to make up for past sins
By Julia Horowitz, CNN Business Central banks are racing to stay on top of rapidly changing economic and financial conditions as they try to contain…
Continue ReadingLego will start building its bricks in the United States
By Jordan Valinsky, CNN Business Lego is planning to spend more than $1 billion to build a factory in the United States. The company announced…
Continue ReadingShopping in stores is back and thriving. Here’s why
By Nathaniel Meyersohn, CNN Business The Covid-19 pandemic was expected to turn us all into permanent online shoppers, never to set foot in physical…
Continue ReadingBank of England hikes interest rates again as inflation heads towards 11%
By Anna Cooban, CNN Business The United Kingdom’s central bank has hiked interest rates for a fifth time since December in a bid to tame…
Continue ReadingEurope is making it much harder for Russia to ship oil anywhere
By Julia Horowitz, CNN Business The European Union’s embargo on 90% of the oil it imports from Russia is the toughest punishment it’s…
Continue ReadingGlobal markets and US futures turn lower after Fed rate hike
By Laura He, CNN Business European markets and US stock futures fell Thursday, a day after the Fed got tough on inflation with its biggest rate hike…
Continue ReadingOne more sign the housing market is cooling off
CNN, CNN BUSINESS By Anna Bahney, CNN Business Another indication the hot housing market is cooling off? New residential construction and the number…
Continue ReadingReal estate job cuts: Redfin and Compass announce layoffs
By Anna Bahney, CNN Business Mortgage rates are climbing, home sales are dropping and some of the nation’s largest real estate companies are…
Continue ReadingThe Federal Reserve passes the buck on inflation
CNN, CNNBUSINESS By Nicole Goodkind, CNN Business The mission of the Federal Reserve is to foster the stability of US monetary systems. It’s…
Continue ReadingFed hikes interest rates by three-quarters of a percentage point in boldest move since 1994
CNN, POOL By Nicole Goodkind, CNN Business The Federal Reserve raised interest rates by three-quarters of a percentage point on Wednesday in an…
Continue ReadingTwo students sue shipping giant Maersk, alleging sexual assault and harassment
By Blake Ellis and Melanie Hicken, CNN An 18-year-old US Merchant Marine Academy student who was repeatedly harassed and groped by older, male crew…
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