Wall Street slumps as sinking British pound rattles markets
By CNN Business Staff The-CNN-Wire™ & © 2022 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights…
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The rich are the biggest winners of Britain’s tax-cutting gamble
By Anna Cooban, CNN Business The United Kingdom’s big tax-cutting gamble to boost economic growth will benefit the rich far more than millions…
Continue ReadingAmazon puts a second Prime Day sale on the calendar
By Jordan Valinsky, CNN Business Amazon is adding another Prime Day to the calender. The company announced Monday that the sale, called “Prime…
Continue ReadingForget a soft landing. The market’s best hope is a ‘growth’ recession
By Nicole Goodkind, CNN Business Investors are waking up to the harsh reality of just how much pain the economy may have to endure as the Federal…
Continue ReadingThe bond market is crumbling. That’s bad for Wall Street and Main Street
CNN, CNNBUSINESS By Nicole Goodkind, CNN Business The global bond market is having a historically awful year. The yield on the 10-year US Treasury…
Continue ReadingWhile DeSantis was flying legal asylum seekers to Martha’s Vineyard, business owners in his state were struggling for workers
By Vanessa Yurkevich, CNN For the past two years Jan Gautam has been filling in sporadically as a housekeeper at hotels in Orlando, Florida, run by…
Continue ReadingAirlines add flights to Hong Kong but the aviation hub won’t be back to normal anytime soon
By Michelle Toh, CNN Business International airlines are scrambling to add more flights to Hong Kong as the city ends two and a half years of…
Continue Reading12-year-old boy in ‘critical condition’ following alleged gang-rape in New Delhi
By Hannah Ritchie, Manveena Suri and Rhea Mogul, CNN A 12-year-old boy is in “critical condition” after he was allegedly gang-raped and…
Continue ReadingUK government forced to ditch plan to slash top rate of tax
CNN By Mark Thompson and Adam Renton, CNN The British government is reversing plans to scrap the highest rate of income tax, announcing the…
Continue ReadingBritish pound plummets to record low against the dollar
By Laura He, Jessie Yeung and Jonny Hallam, CNN Business The British pound crashed to a record low against the US dollar on Monday on growing fears…
Continue ReadingIntel is the Dow’s biggest loser
By Paul R. La Monica, CNN Business Semiconductors are in everything. Our phones, our laptops, our televisions. Even our cars. But concerns about a…
Continue ReadingThis iconic bar of soap, with two weird claims to fame, has stuck around for nearly 150 years
By Parija Kavilanz, CNN Business Walk into a Walmart, Target, any drugstore chain in your neighborhood or a corner bodega for New York City dwellers,…
Continue ReadingDow plunges to its lowest level since 2020 to end another dismal week
By David Goldman, CNN Business US stocks fell sharply in Friday trading as investors continued to worry about even more rate hikes from the Federal…
Continue ReadingWorkers at Home Depot in Philadelphia file for union vote
By Chris Isidore, CNN Business Workers at an Home Depot store in Philadelphia have filed to have a vote to be represented by a union. The store, at…
Continue ReadingGM investing $760 million in Toledo factory to make electric car drive units
By Peter Valdes-Dapena, CNN Business General Motors is investing $760 million in its Toledo Propulsion Systems factory, which builds transmissions…
Continue ReadingOpinion: IEA head: Electric cars are transforming the auto industry. That’s good news for the climate
Opinion by Fatih Birol for CNN Business Perspectives The global energy crisis sparked by Russia’s invasion of Ukraine is causing hardship…
Continue ReadingMarkets hate Liz Truss’ plan for the UK. Just look at these charts
By Julia Horowitz, CNN Business When the UK government, led by new Prime Minister Liz Truss, unveiled its plan to rescue the British economy on…
Continue ReadingBillionaire hedge fund manager argues for increasing immigration to fight inflation
By Allison Morrow, CNN Business Bill Ackman, the billionaire hedge fund manager and activist investor, has an alternative idea to fight inflation:…
Continue ReadingGoldman Sachs warns of more trouble for US stocks
By Matt Egan, CNN Business Even Goldman Sachs is succumbing to the gloomy mood on Wall Street by abandoning its previously optimistic stance and…
Continue ReadingMcDonald’s must face $10 billion racial discrimination suit from media group
By Jordan Valinsky, CNN Business McDonald’s will have to defend itself against a $10 billion lawsuit from media mogul Byron Allen over an…
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