Here’s what’s getting more expensive at the grocery store
By Danielle Wiener-Bronner, CNN Business Food is still getting more expensive, but at a slower pace than earlier this year. In the month of October,…
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All eyes on the consumer ahead of Black Friday and the holidays
CNN, CNN BUSINESS By Paul R. La Monica, CNN Business It has been a tough year for American consumers. Inflation everywhere. Rapidly rising interest…
Continue ReadingCrypto is in chaos as FTX files for bankruptcy
By Allison Morrow, CNN Business In the space of a week, a 30-year-old entrepreneur once hailed as a modern-day J.P. Morgan watched his digital…
Continue ReadingMortgage rates rise back above 7%
By Anna Bahney, CNN Business Mortgage rates have jumped back above 7%, after dropping last week. The 30-year fixed-rate mortgage averaged 7.08% in…
Continue ReadingThe 5 biggest takeaways from earnings season
By Nicole Goodkind, CNN Business The third-quarter corporate earnings season is wrapping up: We now have reports from about 450 of the S&P 500,…
Continue ReadingInflation cools much more than expected in October
By Alicia Wallace, CNN Business Americans and the Federal Reserve got some welcome news Thursday on inflation. The Consumer Price Index rose 7.7% for…
Continue ReadingThe economy was a big concern for voters. Thursday’s inflation report likely won’t help
CNN, CNNBUSINESS By Alicia Wallace, CNN Business The economy was top of mind for voters in the midterm elections, exit polls showed, adding even more…
Continue ReadingAnalysis: Why the news media got the midterm ‘red wave’ narrative so wrong
By Oliver Darcy, CNN Business The White House believes that the press has “egg on their faces, yet again.” That’s according to a…
Continue ReadingRivian has both good and bad news at end of tough day for EV stocks
By Chris Isidore, CNN Business Electric truckmaker Rivian delivered a mixed bag for investors in its third-quarter earnings report, after a brutal…
Continue ReadingSo you won the lottery. What now?
By Allison Morrow, CNN Business So, you won the lottery. Congrats! What do you do now? Once you’re done screaming and dancing in a shower of…
Continue ReadingThe economy was a big concern for voters. Thursday’s inflation report likely won’t help
By Alicia Wallace, CNN Business The economy was top of mind for voters in the midterm elections, exit polls showed, adding even more weight to a…
Continue ReadingCrypto’s white knight lost 94% of his wealth in a single day
By Allison Morrow, CNN Business Sam Bankman-Fried, the crypto entrepreneur known for providing a financial lifeline to struggling firms in the…
Continue Reading‘It is not an accident’: Murdoch’s media empire celebrates DeSantis as future of GOP after midterms
By Oliver Darcy, CNN Business Rupert Murdoch, the media mogul who controls some of the most powerful organs in conservative media, appeared to make…
Continue ReadingThis oil refiner is cutting 1,100 jobs — and giving billions of dollars to its shareholders
By Matt Egan, CNN Business Phillips 66 is cutting at least 1,100 jobs by the end of this year as the refining giant seeks to slash costs and steer a…
Continue ReadingAdidas will continue to sell Kanye West’s shoe designs without the Yeezy name
By Nathaniel Meyersohn, CNN Business Adidas ended its sneaker partnership with Ye, formerly known as Kanye West, last month after the…
Continue ReadingRailroad unions push back threatened strike date
By Chris Isidore and Vanessa Yurkevich, CNN Business The threat of a freight railroad strike has been pushed back to early December, as four major…
Continue ReadingBritish nurses to hold first ever strike over pay
By Reuters Tens of thousands of British nurses will go on strike for the first time over demands for better pay, their trade union said on Wednesday,…
Continue ReadingEnergy security trumps the climate? London’s biggest IPO of the year is an oil company
By Julia Horowitz, CNN Business The world may be losing the fight against the climate crisis, but investors are still willing to throw money at oil…
Continue ReadingCredit card rates hit a record high as Fed fights inflation
By Matt Egan It’s never a great time to carry credit card debt. But right now is arguably the worst time. The Federal Reserve’s war on…
Continue ReadingChocolate is having a moment
By Danielle Wiener-Bronner, CNN Business Between warnings of a recession, high inflation and layoff fears, the news is bleak. Why not have some…
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