What rising interest rates mean for you
By Jeanne Sahadi, CNN Business In its continued bid to quash high inflation, the Federal Reserve on Wednesday raised the overnight bank lending rate…
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IMF chief warns there will be ‘people on the street’ globally unless steps taken to ease inflation
By Emmet Lyons and Ken Olshansky There will be “people on the street” globally unless steps are taken to protect the most vulnerable from…
Continue ReadingFord: Gas cars are a growth business for us
By Peter Valdes-Dapena, CNN Business When Ford chief executive Jim Farley split the company’s passenger vehicle business into two parts — one…
Continue ReadingRising mortgage rates hit home builders as buyers pull back
CNN, CNN BUSINESS By Paul R. La Monica, CNN Business Prospective home buyers are getting hit by a double whammy of bad news: Prices remain…
Continue ReadingNASA astronaut, Russian cosmonauts launch to space
By Jackie Wattles, CNN Business A Russian capsule took an American astronaut to space today, marking a notable continuation of the Russian-US…
Continue ReadingInflation is a global problem. Here’s how central banks are addressing it
By Nicole Goodkind, CNN Business Just like misery, inflation loves company. And as price increases linger near 40-year highs, the United States has…
Continue ReadingHome sales dropped 20% in August from a year ago
By Anna Bahney, CNN Business Home sales declined for the seventh month in a row in August as higher mortgage rates and stubbornly high prices pushed…
Continue ReadingOpinion: Many have lost faith in the Fed. Will it be able to win our trust again?
Opinion by Mohamed A. El-Erian for CNN Business Perspectives This week, it will become more apparent to economists and policymakers across the globe…
Continue ReadingUS dollar hits new 20-year high as Russia calls up reservists
CNN By Julia Horowitz and Anna Cooban, CNN Business The US dollar climbed to a new two-decade high on Wednesday after Russia said it was mobilizing…
Continue ReadingGermany nationalizes its biggest natural gas importer
By Inke Kappeler, Allegra Goodwin and Mark Thompson, CNN Business Germany is nationalizing Uniper, its biggest importer of natural gas, as part of an…
Continue ReadingHong Kong stocks hit an 11-year low after historic Fed rate hike
CNN, WLOX, WRAL, WKYT By Laura He, CNN Business Hong Kong stocks hit their lowest level in more than a decade Thursday and other Asian markets also…
Continue ReadingThe Fed’s credibility is still on the line
By Julia Horowitz, CNN Business The Federal Reserve’s latest policy announcement represents a critical moment, as Wall Street waits to see how…
Continue ReadingSeptember 21, 2022: Fed raises interest rates by three-quarters of a percentage point
By CNN Business The-CNN-Wire™ & © 2022 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights…
Continue ReadingUS dollar hits new 20-year high as Russia calls up reservists
By Julia Horowitz and Anna Cooban, CNN Business The US dollar climbed to a new two-decade high on Wednesday after Russia said it was mobilizing…
Continue ReadingAmerica gained 2.5 million new millionaires last year
By Michelle Toh, CNN Business The number of rich people in the world rose at a rapid pace last year, boosted by gains in the stock market and house…
Continue ReadingFed goes big again with third-straight three-quarter-point rate hike
By Nicole Goodkind, CNN Business The Federal Reserve made history on Wednesday, approving a third consecutive 75-basis-point hike in an aggressive…
Continue ReadingThe historic streak of falling US gas prices is over
By Matt Egan and Chris Isidore, CNN Business Well, it was nice while it lasted. After sinking every day for more than three months, US gas prices…
Continue ReadingUS in talks with India about rethinking reliance on Russian arms and energy
By Jennifer Hansler, Kylie Atwood and Rhea Mogul, CNN The United States is in “deep” talks with India over its reliance on Russian arms…
Continue ReadingChina’s ‘Lipstick King’ returns to live-streaming show after mysterious three-month disappearance
By Laura He, CNN Business One of China’s most popular livestreamers quietly resurfaced online Tuesday night, after a three-month absence linked…
Continue ReadingMovie theaters reopen in Indian-controlled Kashmir for the first time in more than two decades
By Rhea Mogul and Manveena Suri, CNN Movie theaters in Indian-controlled Kashmir have reopened their doors, more than two decades after they were…
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