US economy contracts again, fueling recession fears
CNN By Martha White and Alicia Wallace, CNN Business The US economy shrank again in the second quarter, the Bureau of Economic Analysis said…
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Mortgage rates fall as fears about the US economy loom
By Anna Bahney, CNN Business Mortgage rates dropped last week as fears grow that the US economy is entering a recession. The 30-year fixed-rate…
Continue ReadingUS economy contracts again, fueling recession fears
By Martha White and Alicia Wallace, CNN Business The US economy shrank again in the second quarter, the Bureau of Economic Analysis said Thursday.…
Continue ReadingWhy stocks are so weird right now
By Julia Horowitz, CNN Business Before the Federal Reserve announced another supersized interest rate hike on Wednesday, investors told Before the…
Continue ReadingJetBlue announces a deal to buy Spirit Airlines. Fares could surge
By Chris Isidore, CNN Business JetBlue Airways on Thursday announced it would purchase Spirit Airlines, a combination that would create…
Continue ReadingLast year’s backpack: Tapped out families are struggling to pay for back to school purchases
CNN, CNNBUSINESS By Parija Kavilanz, CNN Business Shopping for back-to-school essentials is becoming a real struggle for families whose household…
Continue ReadingThis region is suffering from some of the highest inflation in America. Here’s how locals are surviving
By Natasha Chen For 17 years, Ana Duran worked full time as a travel counselor. Late last year she lost that job, shortly before seeing the price of…
Continue ReadingAsia’s richest woman lost more than half her fortune in China’s property crunch
By Laura He, CNN Business Yang Huiyan, Asia’s wealthiest woman, has seen her wealth fall to $11 billion from nearly $24 billion this year as…
Continue ReadingSpirit and Frontier pull plug on deal, setting stage for JetBlue to buy Spirit
By Chris Isidore, CNN Business Spirit and Frontier airlines Wednesday finally pulled the plug on their proposed deal, which had been on life support…
Continue ReadingFord earnings and revenue soar, helped by high car prices
By Chris Isidore, CNN Business Ford shook off the impact of supply chain problems and limited vehicle inventory to post much better-than-expected…
Continue ReadingElectric truck maker Rivian laying off 6% of its workforce
By Peter Valdes-Dapena, CNN Business Rivian, the Amazon-backed manufacturer of electric pickups, SUVs and delivery vans, is laying off about 6% of…
Continue ReadingEx-Fed insider: A full-blown recession is ‘almost certainly’ coming
CNN By Matt Egan, CNN Business The Federal Reserve’s war on inflation will eventually kill the economic recovery from Covid-19, former Fed…
Continue ReadingDOJ reaches redlining settlement with mortgage lender accused of discriminating against communities of color
By Hannah Rabinowitz, CNN A Pennsylvania mortgage company owned by billionaire investor Warren Buffett discriminated against communities of color in…
Continue ReadingWhat rising interest rates mean for you
CNN By Jeanne Sahadi, CNN Business In its continued bid to quash high inflation, the Federal Reserve on Wednesday raised the overnight bank lending…
Continue ReadingSprite will no longer be sold in green bottles
By Jordan Valinsky, CNN Business Sprite is retiring its green plastic bottles after more than 60 years. Coca-Cola said Wednesday it’s changing…
Continue ReadingFed makes history with second massive rate hike in as many months
By Nicole Goodkind, CNN Business What seemed unfathomable just six months ago — a 75-basis-point rate hike by the Federal Reserve — has…
Continue ReadingWhat the Fed rate hike means for you
By Matt Egan, CNN Business The Federal Reserve is stepping up its war on inflation. That means borrowing costs are going sharply higher for families…
Continue ReadingThis counts as good news for Boeing
By Chris Isidore, CNN Business Boeing has become so embattled, the company’s stock rose even after reporting a worse-than-expected loss and…
Continue ReadingHow to take advantage of rising interest rates
By Jeanne Sahadi, CNN Business With the Federal Reserve’s interest rate hike on Wednesday — its fourth since March — consumers…
Continue ReadingOpinion: The toughest part of the Fed’s job may already be done
Opinion by David Wilcox for CNN Business Perspectives The US economy may have begun to cool some, but it is still seriously overheated. Employers are…
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