New home sales fall 12.6% in July as rising prices take a toll
By Anna Bahney, CNN Business New home sales plunged in July as high prices and mortgage rates pushed buyers to think twice about closing the deal.…
Continue ReadingCNN – Business/Consumer
Zoom gets slammed: Stock plunges on weak outlook
By Paul R. La Monica, CNN Business The pandemic lift for Zoom has gone poof. Shares of the video conferencing company plunged more than 15% Tuesday…
Continue ReadingTurmoil in the natural gas market spells trouble ahead
By Julia Horowitz, CNN Business The outlook for inflation and the global economy hinges in large part on where energy prices head next — which…
Continue ReadingChina turns back to coal as record heatwave causes power shortages
By Laura He, CNN Business China is mining and importing more coal as its worst heatwave and drought in six decades hits hydroelectricity, the…
Continue ReadingMore than 1,300 US flights canceled nationwide, Dallas airports hard hit due to storms
By Ross Levitt, CNN More than 1,300 US flights have been canceled as of Monday night and more than 7,400 flights have been delayed, according to the…
Continue ReadingQuiet quitting is the latest workplace trend, but it doesn’t mean what you think
CNN By Megan Marples, CNN Years of long hours, understaffed companies and burned-out employees have all led to the latest TikTok trend: quiet…
Continue ReadingWhat managers should know about ‘quiet quitting’
CNN By Jeanne Sahadi, CNN Business The now viral phrase “quiet quitting” is annoyingly imprecise and misleading. Some say it means doing…
Continue ReadingFord hit with $1.7 billion verdict for F-series pickup roof collapse that killed couple
By Chris Isidore, CNN Business The family of an elderly couple killed when the roof of their F-250 pickup collapsed during a rollover accident in…
Continue ReadingQuiet quitting is the latest workplace trend, but it doesn’t mean what you think
By Megan Marples, CNN Years of long hours, understaffed companies and burned-out employees have all led to the latest TikTok trend: quiet quitting.…
Continue ReadingTesla raises price of feature it calls ‘full self-driving’ to $15,000
By Matt McFarland, CNN Business Tesla is raising the price of its controversial driver-assist feature it calls “full self-driving” to…
Continue ReadingFord cutting 3,000 corporate jobs as part of its shift to EVs
By Chris Isidore, CNN Business Ford is cutting 3,000 white collar jobs as it prepares to shift from traditional internal combustion engine vehicles…
Continue ReadingBed Bath & Beyond shares tank on reports that suppliers have halted product shipments
By Parija Kavilanz, CNN Business Shareholders are pulling the rug out from under Bed Bath & Beyond. The embattled retailer’s stock dropped…
Continue ReadingStocks tumble on fears of another big Fed rate hike
By Paul R. La Monica, CNN Business So much for hopes that the Federal Reserve will tap the brakes on its aggressive interest rate hikes. Stocks…
Continue Reading72% of economists expect a US recession by the middle of next year
By Matt Egan for CNN Business The Federal Reserve is unlikely to tame inflation without pushing the American economy into a recession, according to a…
Continue ReadingFrench supermarkets and gas stations are capping prices
By Anna Cooban, CNN Business French supermarkets and gas stations have an answer to soaring inflation — freezing some prices for the next few…
Continue ReadingMarkets are fighting the Fed
By Julia Horowitz, CNN Business Stocks have experienced a sharp summer rebound, easing fear among investors and boosting hopes the bear market has…
Continue ReadingOpinion: Corporate greed isn’t to blame for high inflation
Opinion by Stephen G. Cecchetti and Kermit L. Schoenholtz for CNN Business Perspectives In June, US inflation hit a 40-year high of 9% and…
Continue ReadingZoom gets slammed: Stock plunges on weak outlook
CNN By Paul R. La Monica, CNN Business The pandemic lift for Zoom has gone poof. Shares of the video conferencing company plunged more than 10%…
Continue ReadingMexico City becomes ‘work from home’ haven for US expats, but locals are getting priced out
CNN, COURTESY SANDRA ORTIZ By David Culver and Karol Suarez, CNN Sandra Ortiz struggles to talk about her family’s restaurant without breaking…
Continue ReadingFrom energy to drinking water, China has lots to fix in its economy
CNN By Laura He, CNN Business China has unveiled 19 new measures to shore up its economy and “secure drinking water” supply as the…
Continue Reading