OPEC announces the biggest cut to oil production since the start of the pandemic
By Hanna Ziady, CNN Business OPEC+ said Wednesday that it will slash oil production by 2 million barrels per day, the biggest cut since the start of…
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REI dumps Black Friday — permanently
By Parija Kavilanz, CNN Business REI has quit Black Friday, forever. For the past seven years, the retailer has closed its doors on the day after…
Continue ReadingThe bond market is starting to worry Wall Street
By Nicole Goodkind, CNN Business Persistently high inflation, the Federal Reserve’s tightening policy and record-breaking US debt have wreaked…
Continue ReadingAsian economies are in trouble but a 1997-style crisis is unlikely
By Laura He and Emiko Jozuka, CNN Business A quarter of a century ago, a major financial crisis ripped through Asia, shaking its economies to the…
Continue ReadingRachel Maddow’s successor, Alex Wagner, is failing to draw the big audience she commanded in prime time
By Oliver Darcy, CNN Business On Monday night, inside the upscale Parisian restaurant L’Avenue at Saks in midtown Manhattan, MSNBC President…
Continue ReadingAmerica’s national debt has now surpassed $31 trillion
By Alicia Wallace, CNN Business America’s national debt has climbed north of $31 trillion for the first time, a milestone that comes at a time…
Continue ReadingHere’s who made Fortune’s Most Powerful Women in Business list for 2022
By Jeanne Sahadi, CNN Business The competition to be listed among Fortune’s Most Powerful Women has gotten a little stiffer this year. In…
Continue ReadingWaiting for a better time to buy a car? Keep waiting
By Peter Valdes-Dapena, CNN Business Average car prices are shooting higher and higher thanks to continued auto parts shortages. Interest rates are…
Continue ReadingBiden didn’t get us into this inflation mess; Jerome Powell did, Ro Khanna says
By Matt Egan, CNN Business Congressman Ro Khanna wants Federal Reserve Chairman Jerome Powell to apologize for the central bank’s handling of…
Continue ReadingBarriers to Black entrepreneurship widen the wealth gap
By Jeanne Sahadi, CNN Business One of the best ways to build wealth in the United States is to own your own business. But just 2% of businesses with…
Continue ReadingBarriers to Black entrepreneurship widen the wealth gap
CNN, CNN BUSINESS By Jeanne Sahadi, CNN Business One of the best ways to build wealth in the United States is to own your own business. But just 2%…
Continue ReadingJack Thomas, longtime Boston Globe journalist who wrote about his terminal cancer, dies at 83
By Scottie Andrew, CNN Jack Thomas’ byline appeared in the Boston Globe for an impressive 60 years. He was a copy boy to start, working for the…
Continue ReadingBillionaire hedge fund founder Ray Dalio cedes control of Bridgewater
By Allison Morrow, CNN Business Ray Dalio, the billionaire founder of the world’s largest hedge fund, is stepping down from his role at the…
Continue ReadingBillionaire hedge fund founder Ray Dalio cedes control of Bridgewater
CNN, CNN BUSINESS By Allison Morrow, CNN Business Ray Dalio, the billionaire founder of the world’s largest hedge fund, is stepping down from…
Continue ReadingThe number of US job openings fell by more than 1 million in August
By Alicia Wallace, CNN Business The tight US labor market started to show signs of loosening in August. The number of job openings dropped to just…
Continue ReadingRussian journalist who protested on live television escapes house arrest
By Katharina Krebs and Anna Chernova, CNN Marina Ovsyannikova, a Russian journalist who staged a daring protest live on state-run television, has…
Continue ReadingDow rallies more than 1,500 points in two days as fear begins to fade
By Paul R. La Monica, CNN Business Is the worst really over on Wall Street? It’s too soon to say. But stocks rose sharply again Tuesday…
Continue ReadingLiquid Death canned water company is now worth $700 million
By Jordan Valinsky, CNN Business For the “Why didn’t I think of that?” file: A startup that sells water in beer cans —…
Continue ReadingA UN agency wants the Fed to slow its interest rate hikes
CNN, POOL, NYSE, WLOX, WCCO By Nicole Goodkind, CNN Business The Federal Reserve’s aggressive tightening policy has led the US dollar to…
Continue ReadingA UN agency wants the Fed to slow its interest rate hikes
By Nicole Goodkind, CNN Business The Federal Reserve’s aggressive tightening policy has led the US dollar to appreciate to multi-decade highs,…
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