Homes got even pricier and harder to afford in most US cities
CNN, CNNBUSINESS By Anna Bahney, CNN Business Home prices rose by double-digit percentages in most major US cities at the beginning of this year. Of…
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Teladoc stock plunges as the stay-at-home economy fizzles
By Paul R. La Monica, CNN Business The huge pandemic boom for virtual health company Teladoc appears to be over. More people are willing to leave…
Continue ReadingOpinion: Struggling US families face a wave of power shutoffs if Congress doesn’t act
Opinion by Mark Wolfe for CNN Business Perspectives Families across the United States are drowning in utility debt. In 33 states, families who…
Continue ReadingEurope has bought $46 billion worth of Russian energy since the Ukraine war began
By Jack Guy, CNN Russian revenues from fossil fuel exports to the European Union soared during the first two months of the Ukraine invasion, despite…
Continue ReadingInvesting ethically won’t buy protection in this market
CNN By Julia Horowitz, CNN Business As the economy began bouncing back from the coronavirus pandemic, interest in investment products that promoted…
Continue ReadingMortgage rates fall slightly, but still hover above 5%
By Anna Bahney, CNN Business Mortgage rates took a breather last week, dropping slightly after seven consecutive weeks of increases. The 30-year…
Continue ReadingMeta earnings and the metric Wall Street is obsessing over
By Julia Horowitz, CNN Business Every quarter, investors on Wall Street parse earnings for intel on how much money a company brings in and the size…
Continue ReadingRussian gas customers in Europe may accept Putin’s payment terms
By Anna Cooban, CNN Business Some of Russia’s biggest natural gas customers in Europe’s are preparing to accept the Kremlin’s new…
Continue ReadingSoaring costs and shortages push German industry to the brink
By Anna Cooban and Inke Kappeler, CNN Business Siempelkamp Giesserei has seen its fair share of crises in its 99 years. But pandemic shutdowns,…
Continue ReadingSouthwest is set to return to profitability
By Chris Isidore, CNN Business Southwest Airlines posted a first-quarter loss, but the company said that will be the last time it loses money for…
Continue ReadingFord just reported a $3.1 billion loss. Blame Rivian
By Chris Isidore, CNN Business In the days after its November IPO, electric truck maker Rivian was briefly one of the world’s most valuable…
Continue ReadingHigher food and energy prices could last ‘for years,’ World Bank warns
By Matt Egan, CNN Business Russia’s invasion of Ukraine has contributed to an historic shock to commodity markets that will keep global prices…
Continue ReadingJoe Rogan caused some artists to leave Spotify. But not paying customers
By Frank Pallotta, CNN Business Earlier this year, Spotify found itself embroiled in a controversy sparked by one of its most notable podcast hosts,…
Continue ReadingVenmo owner PayPal is one of the worst stocks of 2022
By Paul R. La Monica, CNN Business Sending money to pay for things via Venmo may be all the rage among smartphone-addicted millennials and Gen Zers.…
Continue ReadingInvestment firm head arrested on charges of multibillion-dollar fraud and racketeering
By Matt Egan, Kara Scannell and Mark Morales, CNN Federal agents arrested Archegos Capital Management founder Sung Kook “Bill” Hwang on…
Continue Reading7 things you’re wasting money on
By Beth Braverman With inflation pushing the price of just about everything higher, it’s more important than ever to keep track of how…
Continue ReadingLos Angeles sheriff appears to back down after signaling he was investigating reporter
CNN, HLN, KCBS, KCAL By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can…
Continue ReadingBoeing delays its newest jet as losses soar
By Chris Isidore, CNN Business The bad news keeps piling up for Boeing. The company is delaying the debut of its newest passenger jet to 2025, and it…
Continue ReadingSorry, crypto fans. Gold is still the real hedge in times of uncertainty
By Paul R. La Monica, CNN Business It looks like bitcoin and other cryptocurrencies may not be digital gold after all. Bitcoin prices are down more…
Continue ReadingWhy tech stocks are bleeding right now
By Julia Horowitz, CNN Business The tech-heavy Nasdaq Composite was a huge beneficiary of the stock market’s epic recovery from the pandemic.…
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