Mortgage rates hit highest level since 2009
CNN, CNNBUSINESS By Anna Bahney, CNN Business Mortgage rates rose this week, continuing an upward trend that has pushed rates more than two…
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Mortgage rates hit highest level since 2009
CNN By Anna Bahney, CNN Business Mortgage rates rose this week, continuing an upward trend that has pushed rates more than two percentage points…
Continue ReadingFirst on CNN: Biden administration launches plan to refill emergency oil reserve
By Matt Egan, CNN Business The Biden administration plans to seek bids this fall to buy 60 million barrels of crude oil as the first step in a…
Continue ReadingHow to take advantage of rising interest rates
By Jeanne Sahadi, CNN Business In a bid to curb high inflation, the US Federal Reserve on Wednesday increased its key short-term interest rate by…
Continue ReadingWhy relief over the Federal Reserve could be short-lived
By Julia Horowitz, CNN Business When the Federal Reserve decides it’s necessary to pursue the biggest interest rate hike since 2000, you…
Continue ReadingElon Musk probably got a huge tax break when he sold off Tesla shares
By Chris Isidore, CNN Business To buy Twitter, Elon Musk just sold a ton of stock and made a boatload of money on the sale. But because of a US tax…
Continue ReadingAmerica’s job growth is starting to slow
By Anneken Tappe, CNN Business The days of millions of job gains per month are behind us and the US labor market recovery has moved into a new phase,…
Continue ReadingAmerica’s job growth is starting to slow
CNN, HLN By Anneken Tappe, CNN Business The days of millions of job gains per month are behind us and the US labor market recovery has moved into a…
Continue ReadingA 13-year-old girl told the police she had been gang-raped. Then a police officer allegedly raped her
By Esha Mitra and Rhea Mogul, CNN A 13-year-old girl who was allegedly gang-raped by four men in India, was allegedly raped again by a police officer…
Continue ReadingChina’s economy is going backwards
By Laura He, CNN Business China’s gigantic services sector just contracted at the second sharpest pace on record as Covid lockdowns hit…
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 ReadingStar Trek tries to steal May the 4th from Star Wars
By Frank Pallotta, CNN Business It’s May the 4th, a day for Star Wars nerds to geek out on Luke Skywalker, lightsabers and the Millennium…
Continue ReadingStock market selloff is exactly what the Fed wants, former NY Fed chief says
By Matt Egan, CNN Business Turmoil on Wall Street is a feature, not a bug, of the Federal Reserve’s fight against inflation, according to…
Continue ReadingEU proposes ban on Russian oil imports this year. Hungary says no
By Mark Thompson, CNN Business The European Union is proposing to ban all oil imports from Russia by the end of this year and remove the…
Continue ReadingOpinion: Europe should call Russia’s bluff on energy
CNN, CNN BUSINESS Opinion by Paul Hockenos for CNN Business Perspectives Russia’s announcement last week that it was halting all gas deliveries…
Continue ReadingTurboTax to pay customers $141 million after allegedly steering them away from free services
By Jordan Valinsky, CNN Business Intuit, the owner of tax filing software TurboTax, has agreed to pay $141 million in a settlement with all 50 states…
Continue ReadingJamie Dimon: The Cold War is back and a recession is a real possibility
By Matt Egan, CNN Business JPMorgan Chase CEO Jamie Dimon said Wednesday that the Federal Reserve should have moved sooner to raise interest rates…
Continue ReadingThe Fed was late to inflation. Will it miss the next big risk?
By Julia Horowitz, CNN Business The Federal Reserve is finally getting aggressive in its bid to fight decades-high inflation. What’s happening:…
Continue ReadingWarren Buffett-backed electric carmaker shrugs off China’s lockdowns
By Laura He, CNN Business BYD, the Warren Buffett-backed Chinese electric vehicle maker, had a bumper month in the world’s largest car market,…
Continue ReadingFed issues biggest rate hike in 22 years
By Anneken Tappe, CNN Business The Federal Reserve said Wednesday it is raising interest rates by a half-percentage point to get a handle on the…
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