Elon Musk made another $1 billion from his Twitter stake. As if he needs it
By Chris Isidore, CNN Business Elon Musk has gotten a lot of attention from buying a 9.1% stake in Twitter, along with landing a seat on the…
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Bank earnings signal dark clouds on the horizon
CNN By Nicole Goodkind, CNN Business Wall Street’s biggest players have had a rough start to the year. All of the biggest US banks saw profits…
Continue ReadingThe Fed is ready to move faster on interest rates
By Anneken Tappe, CNN Business The Federal Reserve is ready to raise interest rates at a faster pace to get a handle on America’s pervasive…
Continue ReadingOil prices tumble as economies show signs of strain
CNN, CNN BUSINESS By David Goldman, CNN Business Oil prices may have met their match — for now, at least. Crude futures are tumbling yet again,…
Continue ReadingUS oil tumbles below $100 a barrel after Western countries plan emergency oil release
By David Goldman, CNN Business The West is tapping more of its emergency oil reserves to help wean itself off Russian crude. The International Energy…
Continue ReadingJanet Yellen warns of ‘enormous’ economic repercussions from war in Ukraine
By Anneken Tappe and Matt Egan, CNN Business US Treasury Secretary Janet Yellen warned Wednesday about the economic shock waves set off by the war in…
Continue Reading‘Dr. Strange’ is a big test for how theaters will fare this summer
By Frank Pallotta, CNN Business Covid is in a lull in the United States: Masks are often an afterthought, people are going out again and some of the…
Continue ReadingH&M says you can compost its new line of baby clothes
By Parija Kavilanz, CNN Business H&M is coming out with a new line of baby clothes that can be recycled in an unexpected way once they’re…
Continue ReadingLawmaker blasts Big Oil CEOs at hearing: ‘You are ripping off the American people’
By Matt Egan, CNN Business Leading oil company CEOs declined on Wednesday to endorse a call from Democrats to reduce dividends and share buybacks and…
Continue ReadingUS pushes Russia to the brink of default
By David Goldman, CNN Business Russia is in imminent danger of default after the United States cut off the country’s ability to pay its debt…
Continue ReadingShort sellers are starting to bet against America’s economy
By Paul R. La Monica, CNN Business It’s looking awful gloomy out there on Wall Street. Traders are making big bets against retailers as…
Continue ReadingBig changes are coming to your 401(k). Here’s what you need to know
By Nicole Goodkind, CNN Business The United States is on the brink of a retirement crisis. The primary savings tool for Americans — your 401(k)…
Continue ReadingRussian car sales have collapsed since the invasion of Ukraine
By Anna Cooban, CNN Business Auto sales in Russia plummeted by almost two-thirds in March, as the war in Ukraine, Western sanctions and an exodus of…
Continue ReadingThe Fed is sounding more and more aggressive
By Julia Horowitz, CNN Business What does it mean when even the doves at the Federal Reserve start to sound like hawks? Investors are weighing that…
Continue ReadingDiscovery’s merger with WarnerMedia could take effect as early as Friday
By Oliver Darcy and Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can…
Continue Reading‘Parabolic.’ NY jet fuel prices double in the past two weeks to record highs
By Matt Egan, CNN The price of New York Harbor jet fuel has more than doubled in the past two weeks, reaching an all-time high for any US-traded…
Continue ReadingJetBlue makes offer for Spirit in attempt to derail deal with Frontier
By Chris Isidore, CNN Business JetBlue Tuesday made an unsolicited $3.6 billion offer for low-fare rival Spirit Airlines in an attempt to derail a…
Continue ReadingThe Fed is sounding more and more aggressive
CNN, CNNBUSINESS By Julia Horowitz, CNN Business What does it mean when even the doves at the Federal Reserve start to sound like hawks? Investors…
Continue ReadingGM, Honda are teaming up to build a $30,000 electric car
By Matt McFarland, CNN Business Building a cheap car that is also profitable for the manufacturer is shockingly difficult. Because of the high cost…
Continue ReadingInflation is a bigger threat to some Americans. Here’s why
By Anneken Tappe, CNN Business America’s soaring inflation is inflicting pain on household budgets across the United States. But not everyone…
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