First-time homebuyers are being shut out of the market like never before
CNN, POOL, KGO By Anna Bahney, CNN Business If you bought your first home during the past year, consider yourself one of the fortunate few.…
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Mortgage rates dip back below 7%
By Anna Bahney, CNN Business Mortgage rates fell this week after surpassing 7% for the first time in 20 years last week. The 30-year fixed-rate…
Continue ReadingNetflix launches ‘Basic with Ads’ — its much anticipated commercial-supported plan
By Frank Pallotta, CNN Business In 2019, Netflix said in a letter to shareholders “we… are advertising free,” and added that being…
Continue ReadingNew York Attorney General Letitia James secures $523 million from Teva Pharmaceuticals for role in opioid crisis
By Kristina Sgueglia, CNN The New York Attorney General’s office announced it has secured $523 million from Teva Pharmaceuticals and affiliates…
Continue ReadingFirst-time homebuyers are being shut out of the market like never before
By Anna Bahney, CNN Business If you bought your first home during the past year, consider yourself one of the fortunate few. Skyrocketing home prices…
Continue ReadingWall Street is bracing for a potential game changer, but it’s not the election
CNN, CNN BUSINESS By Matt Egan, CNN Business Wall Street is waiting for the results of Tuesday’s midterm election like the rest of the world,…
Continue ReadingDid Jerome Powell just bust the stock market rally?
By Julia Horowitz, CNN Business Federal Reserve Chair Jerome Powell has the power to make or break markets these days. On Wednesday, he opted to…
Continue ReadingBank of England sets biggest rate hike in 33 years and warns of a long recession
By Hanna Ziady and Julia Horowitz, CNN Business The Bank of England raised interest rates by three quarters of a percentage point on Thursday, the…
Continue ReadingWhat to look for in the last jobs report before the midterms
By Allison Morrow, CNN Business When the Bureau of Labor Statistics releases its October jobs report on Friday, it will be the last major read of the…
Continue ReadingLes Moonves, CBS to pay $30 million in settlement with NY AG over sexual misconduct allegations
By Frank Pallotta, CNN Business Leslie Moonves, former chief executive officer of CBS, and CBS reached a $30.5 million settlement with the office of…
Continue ReadingThanksgiving dinner will be a lot more expensive this year, report finds
CNN By Danielle Wiener-Bronner, CNN Business Looks like Thanksgiving will be a lot pricier this year. Market research firm IRI predicts that your…
Continue ReadingWhat rising interest rates mean for you
By Jeanne Sahadi, CNN Business The Federal Reserve raised its benchmark interest rate for the sixth time in a row on Wednesday, to a range of 3.75%…
Continue ReadingWhat will the Fed do next? Follow the economy, not what Jerome Powell says
CNN, CNNBUSINESS By Paul R. La Monica, CNN Business The stock market has been on a roller coaster ride, largely because of Wall Street’s…
Continue ReadingThanksgiving dinner will be a lot more expensive this year, report finds
By Danielle Wiener-Bronner, CNN Business Looks like Thanksgiving will be a lot pricier this year. Market research firm IRI predicts that your…
Continue ReadingBiden’s stock market record so far is the second worst since Jimmy Carter
CNN, CNN BUSINESS By Matt Egan, CNN Business The stock market started the Biden era with a boom. But it heads into the midterm election looking more…
Continue ReadingGrocery prices are soaring. But this food favorite is getting cheaper
By Parija Kavilanz, CNN Business There’s at least one item in the grocery store that is getting less expensive: avocados. A significant supply…
Continue ReadingFord October sales slide 10% largely due to supply chain issues
By Michael Ballaban, CNN Business Ford saw its October US sales slump 10% over the last year as the company continued to battle supply chain…
Continue ReadingShipping giant Maersk warns of ‘dark clouds on the horizon’
By Julia Horowitz, CNN Business The spike in shipping rates since the onset of the pandemic has been a huge boon for Maersk. But the Danish shipping…
Continue ReadingA decade of rising house prices is over. The UK economy will feel the pain
By Anna Cooban and Hanna Ziady, CNN Business For years, home ownership in Britain has been a one-way bet. Prices have climbed steadily since the…
Continue ReadingFrom Apple to Disney, China’s Covid curbs are again hurting business
By Diksha Madhok and CNN’s Beijing bureau It has been almost three years since Covid-19 first hit China, but the country’s relentless…
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