Home prices just broke a decade-long streak
By Anna Bahney, CNN The median price of a US home was lower this February than it was in February 2022, ending more than a decade of year-over-year…
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From groceries to clothes, inflation-weary Americans flock to cheaper products online
By Matt Egan, CNN Nearly two years of high inflation has caused many consumers to say goodbye to premium goods in favor of cheaper alternatives. New…
Continue ReadingJPMorgan is advising First Republic on another potential lifeline, sources say
By Matt Egan, CNN JPMorgan Chase’s investment bank has been hired to advise First Republic as the embattled regional bank tries to ease…
Continue ReadingCredit Suisse’s gold bars, hats and bags are cropping up in online stores
By Anna Cooban, CNN Hats, bags and gold bars emblazoned with Credit Suisse’s logo are being sold on resale sites, having popped up mere hours…
Continue ReadingJanet Yellen: Further rescues of depositors could be needed if smaller lenders suffer bank runs
By Matt Egan, CNN The federal government could once again come to the rescue of uninsured bank depositors if smaller lenders suffer bank runs like…
Continue ReadingFive questions for the Federal Reserve as the banking crisis drags on
By Nicole Goodkind, CNN The Federal Reserve has a lot of balls in the air: Central bank officials are attempting to juggle their economic goals of…
Continue ReadingBed Bath & Beyond is closing hundreds of stores. But they won’t be empty for long
By Nathaniel Meyersohn, CNN Bed Bath & Beyond is stripping down its big blue signs, clearing out aisles of linens and closing 400 stores as it…
Continue ReadingFox News producer files explosive lawsuits against the network, alleging she was coerced into providing misleading Dominion testimony
By Oliver Darcy, CNN A Fox News producer on Monday filed a pair of explosive lawsuits against the right-wing talk channel, alleging that the…
Continue ReadingGlobal stocks rise as investor worries about banking turmoil ease
By Michelle Toh and Anna Cooban, CNN Stocks around the world rose Tuesday as concerns about the global banking sector eased in response to a…
Continue ReadingGlobal stocks rise as investor worries about banking turmoil ease
CNN By Michelle Toh and Anna Cooban, CNN Stocks around the world rose Tuesday as concerns about the global banking sector eased in response to a…
Continue ReadingSri Lanka agrees $3 billion IMF loan in boost for crisis-hit economy
By Mitchell McCluskey and Rhea Mogul, CNN Sri Lanka on Monday secured a much-anticipated loan of about $3 billion from the International Monetary…
Continue ReadingHollywood braces for potential strike as writers begin high-stakes talks with studios
By Oliver Darcy, CNN Hollywood is holding its breath. The Writers Guild of America commenced high-stakes negotiations with studios on Monday over a…
Continue ReadingLast Dodge Challenger makes 1,025 hp, has optional parachute attachments
By Peter Valdes-Dapena, CNN With Dodge’s legendary V8-powered muscle cars going out of production at year-end, engineers wanted the last…
Continue ReadingMagic Johnson joins bid to buy the NFL’s Washington Commanders
By Matt Egan, CNN NBA legend Magic Johnson has joined a bid to acquire the NFL’s Washington Commanders from embattled owner Daniel Snyder. A…
Continue ReadingFoot Locker is closing 400 stores by 2026
By Parija Kavilanz, CNN Foot Locker is planning to shut 400 stores by 2026 as it strives to become more relevant to younger shoppers by relaunching…
Continue ReadingFirst Republic shares tumble to a new low
By Allison Morrow, CNN First Republic’s stock fell 47% to a record low Monday, as the bank struggled to persuade Wall Street it could remain…
Continue ReadingRupert Murdoch is engaged to marry Ann Lesley Smith
By Toyin Owoseje, CNN Business Billionaire media mogul Rupert Murdoch is preparing to walk down the aisle for the fifth time. The 92-year-old tycoon…
Continue ReadingGoodbye, Howard Schultz: New Starbucks CEO steps in early
By Danielle Wiener-Bronner, CNN Starbucks’ new CEO Laxman Narasimhan has taken over the reins from interim CEO Howard Schultz, about two weeks…
Continue ReadingWhat are AT1 bonds and why are Credit Suisse’s now worthless?
By Anna Cooban, CNN Investors in a riskier type of Credit Suisse’s bonds had the value of their holdings slashed to zero Sunday after Swiss…
Continue ReadingSilicon Valley Bank left a void that won’t easily be filled
By Nicole Goodkind, CNN It’s difficult to overstate the influence that Silicon Valley Bank had over the startup world and the ripple effect its…
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