Latest jobless claims fall to 193,000, underscoring still-tight labor market
By Alicia Wallace, CNN Business The number of first-time claims for unemployment benefits dropped considerably last week, underscoring how employers…
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Latest GDP reading confirms the US economy shrank for two straight quarters, supporting one definition of a recession
By Alicia Wallace, CNN Business The US economy shrank by 0.6% during the second quarter of the year, according to the latest gross domestic product…
Continue ReadingDow plunges and is back in a bear market
By Paul R. La Monica, CNN Business The third quarter is about to end — and investors are wishing the past nine months good riddance. Stocks…
Continue ReadingMortgage rates surge, closing in on 7%
By Anna Bahney, CNN Business Mortgage rates surged for the sixth week in a row, moving closer to 7%. The 30-year fixed-rate mortgage averaged 6.70%…
Continue ReadingUsed cars have become unaffordable
By Chris Isidore, CNN Business High prices and rising interest rates are putting used cars out of reach for a growing number of car shoppers.…
Continue ReadingHoliday sales creep has gotten out of hand
By Nathaniel Meyersohn, CNN Business You may not be anywhere close to ready for the holidays — but retail chains certainly are. Christmas trees are…
Continue ReadingThe bond market is crumbling. That’s bad for Wall Street and Main Street
By Nicole Goodkind, CNN Business The global bond market is having a historically awful year. The yield on the 10-year US Treasury bond, a proxy for…
Continue ReadingBand-Aids and Tylenol will have a new name on their packages
By Nathaniel Meyersohn, CNN Business We have all heard of Band-Aid, Tylenol, Benadryl and Johnson’s baby powder. We have never heard of the new…
Continue ReadingHong Kong wins over Wall Street CEOs after lifting strict Covid rules
By Michelle Toh, CNN Business Hong Kong has finally secured commitments from some of the world’s biggest banks to participate in a long-awaited…
Continue ReadingStocks kick off October with a huge rally
CNN, CNNBUSINESS By Paul R. La Monica, CNN Business Stocks kicked off October with more treats than tricks for investors. The market rallied to begin…
Continue ReadingChina’s yuan hovers near record lows against the dollar despite central bank warning
By Laura He, CNN Business China’s yuan hovered near record lows against the US dollar on the offshore market on Thursday, as major currencies…
Continue ReadingTrump lashed out at George Stephanopoulos in profanity-laced tirade after 2016 interview, new book says
CNN By Oliver Darcy, CNN Business Donald Trump berated ABC News anchor George Stephanopoulos, descending into a profanity-laced tirade after the…
Continue ReadingTrump lashed out at George Stephanopoulos in profanity-laced tirade after 2016 interview, new book says
By Oliver Darcy, CNN Business Donald Trump berated ABC News anchor George Stephanopoulos, descending into a profanity-laced tirade after the…
Continue ReadingPorsche shares gain 5% in Frankfurt stock market debut
By Matt McFarland and Anna Cooban, CNN Business Shares of Porsche gained as much as 5% on their stock market debut in Frankfurt after Volkswagen spun…
Continue ReadingMacKenzie Scott files for divorce from second husband
By Parija Kavilanz, CNN Business Billionaire philanthropist MacKenzie Scott has filed for divorce from her second husband after less than two years…
Continue ReadingGas is pouring out of the Nord Stream pipelines. Here’s what you need to know
By Rob Picheta, CNN Western nations have said leaks in two Russian gas pipelines, Nord Stream 1 and 2, are likely the result of sabotage. On Monday,…
Continue ReadingHurricane Ian could push food prices even higher
By Danielle Wiener-Bronner and Matt Egan Hurricane Ian is the latest natural disaster to impact food prices. The storm hitting Florida is already…
Continue ReadingHurricane Ian could push food prices even higher
CNN, WINK, WFTX By Danielle Wiener-Bronner and Matt Egan Hurricane Ian is the latest natural disaster to impact food prices. The storm hitting…
Continue ReadingIs Beyond Meat beyond saving?
By Paul R. La Monica, CNN Business Having an executive allegedly bite someone’s nose might be the least of Beyond Meat’s problems.…
Continue ReadingHow the United States is exporting inflation to other countries
By Julia Horowitz, CNN Business The Federal Reserve is laser-focused on stemming price increases in the United States. But countries thousands of…
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