Need to hit a store on New Year’s Day? Here’s what’s open
By Parija Kavilanz, CNN Business It’s New Year’s Day, and many of us are probably staying cocooned in our homes, contemplating the year…
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Holiday shopping seen solid, despite inflation
By Nathaniel Meyersohn, CNN Business Holiday shopping isn’t what it used to be. But many Americans are still expected to spend on Black Friday,…
Continue ReadingAlmost two-thirds of economists think the economy is in or near a recession
CNN By Alicia Wallace, CNN Business Almost two-thirds of corporate economists believe the United States is already in a recession or will be within…
Continue ReadingThe economy added 372,000 jobs in June, outpacing expectations
CNN, CNNBUSINESS By Alicia Wallace, CNN Business The US economy added 372,000 jobs in June, an unexpected boost in hiring and a signal that the…
Continue ReadingOil drops below $100 a barrel for first time since early May
By Alicia Wallace and Chris Isidore, CNN For the first time in nearly two months, crude oil prices have fallen below $100 a barrel, reflecting…
Continue ReadingGermany to fire up coal stations as Russia squeezes gas supply
By Inke Kappeler and Tara John, CNN Germany must reduce natural gas consumption and increase the burning of coal in order to help fill gas storage…
Continue ReadingDow plunges more than 1,000 points in Wall Street’s worst day of the year
By Nicole Goodkind, CNN Business So much for the good feelings on Wall Street. US markets fell sharply Thursday, marking their worst day of the year…
Continue ReadingA recession may be around the corner. Don’t panic
CNN, CNNBUSINESS By Allison Morrow, CNN Business Around the world, warning signs of a recession are flashing. Wall Street is on edge. Central banks…
Continue ReadingA record 4.5 million Americans quit their jobs in March
By Anneken Tappe, CNN Business The US labor market remained on fire in March with a record 4.5 million workers quitting their jobs, new data from the…
Continue ReadingGermany will support an EU oil embargo on Russia
By Mark Thompson, CNN Business Germany is ready to support a European ban on imports of Russian oil, and won’t be “blackmailed” by…
Continue ReadingThe US economy shrank in the first quarter
By Anneken Tappe, CNN Business America’s economy unexpectedly shrank in the first quarter of 2022, data from the Bureau of Economic Analysis…
Continue ReadingUS inflation hit 40-year high in June, driven by record gas prices
By Lucy Bayly and Alicia Wallace, CNN Business Inflation surged to a new pandemic-era peak in June, with US consumer prices jumping by 9.1%…
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