Wall Street doesn’t want the Fed to chill out
By Julia Horowitz, CNN Business Investors are uneasy as the Federal Reserve gears up for its latest policy announcement on Wednesday. But their hope…
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South Korean giant SK Group is pouring $22 billion into the United States
By Michelle Toh, CNN Business South Korea’s second biggest conglomerate is investing $22 billion into the United States, in high-priority areas…
Continue ReadingThe stock market is practically begging for a recession
By Nicole Goodkind, CNN Business Wall Street has a serious case of recession dread. Inflation is at a 40-year high and the Federal Reserve is…
Continue ReadingDozens dead after drinking bootleg alcohol in western India
By Swati Gupta and Rhea Mogul, CNN At least 36 people have died and about 50 others have been hospitalized in western India after drinking…
Continue ReadingNational Press Club blasts LIV Golf event as ‘attempt to minimize the grisly bone-saw’ murder of WaPo columnist
By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
Continue ReadingSandy Hook parents ask jury to return $150 million verdict in defamation suit against Alex Jones
By Lauren del Valle and Oliver Darcy, CNN The lawyer for two Sandy Hook families that have sued right-wing conspiracy theorist Alex Jones asked a…
Continue ReadingGlossier is coming to Sephora
By Parija Kavilanz, CNN Business Cosmetics company Glossier, which has cultivated a cult-like following among Millennials and Gen Zers, announced…
Continue ReadingNext sign of the market apocalypse: Single-stock ETFs
By Paul R. La Monica, CNN Business The Wall Street gambling parlor is still alive and well. Asset management firm AXS Investments recently launched…
Continue ReadingHere come the discounts at Walmart, Best Buy and Gap
CNN By Nathaniel Meyersohn, CNN Business A glimmer of relief is emerging at the checkout aisle: the return of discounts. Walmart, Best Buy, Gap,…
Continue ReadingConsumer confidence slips for third straight month
By Alicia Wallace, CNN Business Americans grew even more pessimistic about the US economy over the past month, according to the latest survey on…
Continue ReadingHome prices are still going strong, but there are signs of slowing
By Anna Bahney, CNN Business US home prices were up nearly 20% in May compared to the year before. But there were signs the market began to cool as…
Continue ReadingMcDonald’s customers shrug off higher menu prices as revenue jumps
By Danielle Wiener-Bronner, CNN Business McDonald’s has been raising menu prices and customers are eating it up. Sales at McDonald’s US…
Continue Reading‘Edge of a global recession’: IMF slashes world economic forecast again
By Michelle Toh, CNN Business The global economy is already in trouble, yet risks keep piling up. In a report released Tuesday, the International…
Continue ReadingGlobal food prices are finally falling … but for how long?
By Julia Horowitz, CNN Business When wheat prices shot up to record highs following Russia’s invasion of Ukraine, alarm bells immediately…
Continue ReadingThe EU has agreed to ration gas, but some countries put up a fight
By Anna Cooban, CNN Business The European Union has agreed to ration its natural gas this winter to prevent a severe supply shock. But the bloc has…
Continue ReadingGM reports strong sales but says it’s prepared for possible recession
By Chris Isidore, CNN Business General Motors said strong sales and demand for vehicles doesn’t suggest any signs of an economic slowdown, but…
Continue ReadingIf it looks like a recession and quacks like a recession…
By Paul R. La Monica, CNN Business Is the United States heading for a recession? Or is the economy already in one? It — almost —…
Continue ReadingAlibaba stock jumps after announcing Hong Kong primary listing
By Michelle Toh, CNN Business Alibaba announced a plan to allow more mainland Chinese investors to invest in the stock. In a statement Tuesday, the…
Continue ReadingWhy diesel is more expensive than regular gas
By Benjamin Taubman, CNN Business Most drivers today are focused on the high cost of filling up their tanks with regular fuel. But there’s…
Continue ReadingTreasury Secretary Janet Yellen: US economy remains ‘resilient’ despite GDP decline
CNN By Alicia Wallace, CNN Business While the latest GDP report showed the US economy contracted again in the second quarter, Treasury Secretary…
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