Retail sales have dropped significantly
By Alicia Wallace, CNN Black Friday may have been back in fashion this year, but the strong turnout at the start of the holiday shopping season last…
Continue ReadingMoney
Companies are reining in holiday bonuses
CNN, CNNBUSINESS By Alicia Wallace, CNN Last year, bonuses were bountiful. This year, economic uncertainty is bringing a chill to the holiday-season…
Continue ReadingTaco Bell is testing two new Mexican Pizza varieties
By Jordan Valinsky, CNN Business Taco Bell is spinning up new varieties of its popular Mexican Pizza. The chain revealed that it’s testing two…
Continue ReadingMortgage rates drop for fifth week in a row
By Anna Bahney, CNN Mortgage rates fell once again this week, dipping for the fifth straight week. The 30-year fixed-rate mortgage averaged 6.31% in…
Continue Reading‘The mood is really grim’: Washington Post staffers livid at publisher Fred Ryan after layoff announcement
CNN By Oliver Darcy, CNN Business Staffers at The Washington Post are livid at publisher Fred Ryan. That’s according to conversations I had on…
Continue Reading‘The mood is really grim’: Washington Post staffers livid at publisher Fred Ryan after layoff announcement
By Oliver Darcy, CNN Business Staffers at The Washington Post are livid at publisher Fred Ryan. That’s according to conversations I had on…
Continue ReadingJobless claims fall to lowest level since September
By Alicia Wallace, CNN The number of first-time claims for unemployment benefits fell to 211,000 for the week ended December 10, according to data…
Continue ReadingJobless claims fall to lowest level since September
CNN By Alicia Wallace, CNN The number of first-time claims for unemployment benefits fell to 211,000 for the week ended December 10, according to…
Continue ReadingElon Musk sells another 22 million Tesla shares for $3.6 billion
By Chris Isidore, CNN Business Elon Musk just sold another 22 million shares of Tesla, raising $3.6 billion. Musk sold the shares on Monday, Tuesday…
Continue ReadingWarren Buffett is beating the market this year
By Paul R. La Monica, CNN Investors around the world have been trying to adjust their portfolios to contend with big interest rate hikes from the…
Continue ReadingNo ‘pivot’ in inflation fight, but central bankers are easing up
By Julia Horowitz, CNN Central banks in Europe on Thursday joined the US Federal Reserve in slowing down the pace of interest rate hikes as…
Continue ReadingAustralia passes law to cap energy prices against ‘wartime whims’
By Angus Watson, CNN Australia’s parliament passed a new law Thursday capping its domestic gas price and some states’ coal prices, a move…
Continue ReadingChina’s economy plunged before major Covid policy shift. A rebound may be months away
By Laura He, CNN The end of pandemic restrictions in China will eventually usher in a strong economic rebound as the country learns to live with the…
Continue ReadingBritish nurses launch historic strike, as pay and staffing crises threaten the NHS
By Rob Picheta, CNN Nurses across much of the UK launched a historic strike on Thursday, as they walked out of hospitals and onto picket lines after…
Continue ReadingDemocratic lawmakers urge Meta not to restore Trump’s account in January
By Brian Fung, CNN Two Democratic lawmakers on Wednesday urged Meta to maintain Donald Trump’s suspension from its platforms when it revisits…
Continue ReadingTaco Bell may add fries to its menu permanently to compete with McDonald’s
By Danielle Wiener-Bronner, CNN Taco Bell knows you want fries with that. Especially during lunch. To compete with rivals such as McDonald’s…
Continue ReadingWho’s manning the train? Railroads want a one-person crew
By Chris Isidore and Vanessa Yurkevich, CNN When a freight train travels across the country, two people are in the cab of the locomotive working to…
Continue ReadingWho’s manning the train? Railroads want a one-person crew
CNN By Chris Isidore and Vanessa Yurkevich, CNN When a freight train travels across the country, two people are in the cab of the locomotive working…
Continue ReadingWhat to do about the highest interest rate in 15 years
By Jeanne Sahadi, CNN In its last policymaking meeting of the year, the Federal Reserve on Wednesday raised its benchmark interest rate for the…
Continue ReadingNew home sales rose in November, defying expectations
CNN, CNN BUSINESS By Anna Bahney, CNN Business New home sales were up in November from the month before, even as prices remained elevated and buyers…
Continue Reading