Consumer sentiment plunges to record low amid surging inflation
By Alicia Wallace, CNN Business Consumer sentiment slumped to a record low between May and June, according to preliminary survey data released by the…
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Tech wreck: Goldman Sachs cuts Netflix, Roblox and eBay to ‘sell’
By Paul R. La Monica, CNN Business Tech stocks have been obliterated this year. The Nasdaq is down more than 26%, putting that index in a bear…
Continue ReadingWhy the average gas price is at $4.99 a gallon and how high it’ll go
By Chris Isidore, CNN Business Next stop, $5. The US average for the price of a gallon of regular gas hit $4.99 according to the most recent reading…
Continue ReadingPay attention to this number in today’s US inflation report
By Julia Horowitz, CNN Business The latest data on consumer prices in the United States showed that annual inflation unexpectedly rose to a 40-year…
Continue ReadingPay attention to this number in today’s US inflation report
CNN, CNNBUSINESS By Julia Horowitz, CNN Business The latest data on consumer prices in the United States showed that annual inflation unexpectedly…
Continue ReadingThe Washington Post fires reporter Felicia Sonmez after a week of feuding publicly with her colleagues
By Oliver Darcy, CNN Business The Washington Post on Thursday fired Felicia Sonmez, the reporter who has been extraordinarily critical of her…
Continue ReadingFederal investigators expand probe into Tesla Autopilot crashes
By Gregory Wallace Federal investigators are expanding their probe of Teslas that have slammed into parked first responders’ vehicles. The…
Continue ReadingStitch Fix is laying off 15% of its salaried roles
By Nathaniel Meyersohn, CNN Business Online clothing retailer Stitch Fix will lay off 15% of its salaried staff — around 330 employees — amid…
Continue ReadingJudge dismisses sexual assault lawsuit against former ‘Good Morning America’ boss Michael Corn
By Oliver Darcy, CNN Business A New York State judge on Wednesday dismissed a lawsuit filed last year against Michael Corn, the former “Good…
Continue ReadingAmericans lost half a trillion dollars in wealth in early 2022
By Tami Luhby, CNN Americans’ wealth took a nosedive early this year as the stock market plummeted. The net worth of households and nonprofit…
Continue ReadingOpinion: Inflation is painfully high, but it should ease soon
Opinion by Mark Zandi for CNN Business Perspectives Consumer inflation figures for May will be out Friday, and the report is sure to be disquieting.…
Continue ReadingStitch Fix is laying off 15% of its salaried employees
CNN, CNNBUSINESS By Nathaniel Meyersohn, CNN Business Online clothing retailer Stitch Fix will lay off 15% of its salaried staff — around 330…
Continue ReadingCredit Suisse CEO blasts ‘really stupid’ takeover rumor
By Paul R. La Monica, CNN Business Most chief executive officers, when asked if their firm is for sale, would give a boring, lawyer-approved response…
Continue ReadingTrump’s Air Force One plan has a paint problem (among many other issues)
By Chris Isidore, CNN Business The two new Air Force One jets currently being built by Boeing are facing costly delays. Now there is a new potential…
Continue ReadingFreeport LNG explosion raises risk of European winter energy crisis
By Anna Cooban, CNN Business A fire at one of the world’s biggest suppliers of liquefied natural gas has thrown Europe’s fragile energy…
Continue ReadingBeware: The companies that hold your crypto aren’t insured the way banks are
By Jeanne Sahadi, CNN Business The latest “crypto winter,” which sent the values of Bitcoin and other digital currencies plummeting,…
Continue ReadingManhattan median rent hits new high of $4,000 a month
By Anna Bahney, CNN Business Rents keep climbing in Manhattan, hitting a record high in May for the fourth consecutive month. Median rent for an…
Continue ReadingMortgage rates jump, jacking up monthly payments for new buyers
By Anna Bahney, CNN Business After taking a breather for several weeks, mortgage rates climbed again. The 30-year, fixed-rate mortgage averaged 5.23%…
Continue Reading220 CEOs demand immediate action from the Senate to reduce gun violence
By Christine Romans, CNN Business More than 200 business leaders, representing employees in all 50 states, sent a joint letter to the Senate on…
Continue ReadingSheryl Sandberg’s Meta departure is the death knell for Lean In
By Nicole Goodkind, CNN Business The Covid-19 pandemic changed the nature of work in innumerable ways, some of which may not be fully discerned for…
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