The US housing market is short 6.5 million homes
By Anna Bahney, CNN The United States is not building enough homes to account for the number of people setting up their own households. As a result,…
Continue ReadingCNN – Business/Consumer
Fox CEO Lachlan Murdoch dismisses $1.6 billion defamation case revelations as ‘noise’
CNN By Oliver Darcy, CNN Fox Corporation CEO Lachlan Murdoch on Thursday dismissed the revelations from Dominion Voting Systems’ $1.6 billion…
Continue ReadingFox Chairman Rupert Murdoch rejected election conspiracy theories, Dominion lawsuit documents show
CNN By Oliver Darcy, Jon Passantino, Marshall Cohen, Nicki Brown, Kate Trafecante, Anna Bahney and Jeanne Sahadi, CNN A trove of text messages,…
Continue ReadingUS safety regulators to investigate Tesla for steering wheels that can fall off
By Chris Isidore, CNN Federal safety regulators are investigating Tesla’s Model Y SUV after at least two instances in which owners said their…
Continue ReadingYeezy fallout could push Adidas into its first annual loss in 31 years
By Anna Cooban, CNN Adidas has warned that it could suffer its first annual operating loss in more than three decades this year, mostly because it…
Continue ReadingJerome Powell’s testimony sent markets reeling. That may be a good thing
By Nicole Goodkind, CNN Federal Reserve Chairman Jerome Powell on Tuesday cleared the way for larger interest rate hikes at this month’s…
Continue ReadingThe cost of food is down, but grocery bills are still up. Here’s why
CNN, CNN BUSINESS By Danielle Wiener-Bronner, CNN Why aren’t prices falling at the grocery store? When food producers started raising prices a…
Continue ReadingBuying bank stocks before a recession used to be madness. Not anymore
By Anna Cooban, CNN Investors are bucking tradition this year by piling into big bank stocks just as major economies are expected to either slow down…
Continue ReadingIMF chief: Ukraine war will have ‘devastating’ consequences for Russia’s economy
By Julia Horowitz, CNN The International Monetary Fund has drawn criticism for forecasting that Russia will see stronger economic growth this year…
Continue ReadingFox Chairman Rupert Murdoch rejected election conspiracy theories, Dominion lawsuit documents show
By Oliver Darcy, Jon Passantino, Marshall Cohen, Nicki Brown, Kate Trafecante, Anna Bahney and Jeanne Sahadi, CNN A trove of text messages, emails,…
Continue ReadingNTSB launches special safety culture investigation of Norfolk Southern
By Gregory Wallace Citing the “number and significance of recent Norfolk Southern accidents,” federal investigators said Tuesday they…
Continue ReadingUS Justice Department sues to block JetBlue’s purchase of Spirit Airlines
By Chris Isidore, CNN The US Justice Department is suing to stop JetBlue’s proposed $3.8 billion deal to buy discount carrier Spirit Airlines,…
Continue ReadingHoward Schultz will testify before senate committee on Starbucks’ labor practices
By Danielle Wiener-Bronner, CNN Starbucks interim CEO Howard Schultz will testify before a Senate committee about the company’s labor practices…
Continue ReadingWeightWatchers jumps into the prescription weight loss drug business
CNN By Nathaniel Meyersohn, CNN WeightWatchers is getting into the booming prescription weight loss drug business. The company, now known as WW…
Continue ReadingToyota’s new Prius may be the best argument yet for hybrids
By Peter Valdes-Dapena, CNN Business After I parked a new 2023 Toyota Prius and walked away, I turned around to look at it. Not because I was…
Continue ReadingDebt default would be ‘catastrophic’ event that could kill millions of American jobs, Moody’s warns
By Matt Egan, CNN A breach of the US debt ceiling risks sparking a 2008-style economic catastrophe that wipes out millions of jobs and sets America…
Continue ReadingThere’s a new Reese’s in town, hold the dairy
By Danielle Wiener-Bronner, CNN Vegan Reese’s are happening. Hershey, which makes Reese’s along with Hershey bars, Kisses and other…
Continue ReadingWeightWatchers jumps into the prescription weight loss drug business
By Nathaniel Meyersohn, CNN WeightWatchers is getting into the booming prescription weight loss drug business. The company, now known as WW…
Continue ReadingBud Light Seltzer used to run ads joking that people thought it was beer. It’s not a joke anymore
By Jordan Valinsky, CNN Business Bud Light Seltzer has a problem: People still think there’s beer in the spiked seltzer. More than half of the…
Continue ReadingTicketmaster goes down again as Eurovision fans rush to snag tickets
By Jessie Gretener and Anna Cooban, CNN Some fans of the Eurovision Song Contest were unable to access Ticketmaster’s website Tuesday, almost…
Continue Reading