China extends property loans at the fastest pace in three years as mortgage crisis spreads
CNN By Laura He, CNN Business China’s banking regulator has pledged to boost lending to help developers finish stalled property projects and…
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Energy saved US markets last quarter. Now the sector is losing power
By Nicole Goodkind, CNN Business US markets took a beating on Thursday as big bank earnings delivered disappointing results. Markets and the economy…
Continue ReadingChina’s economy records slowest growth since the start of 2020
By Laura He, CNN Business China’s economy has recorded its worst quarterly performance in over two years, after months of harsh Covid lockdowns…
Continue ReadingUber’s safety issues still loom large: Another five passengers sue company over alleged sexual assault incidents
By Sara Ashley O’Brien, CNN Business Five more passengers are suing Uber over alleged sexual assault incidents that occurred in recent months…
Continue ReadingBig pay raises expected for 2023. But here’s why that extra income may not make a difference
By Jeanne Sahadi, CNN Business US employers say they expect the average raise to be 4.1% in 2023, which would be the largest hike in 15 years,…
Continue ReadingExclusive: Wordle is being turned into a board game
CNN By Jordan Valinsky, CNN Business Wordle is jumping from the P-H-O-N-E to the B-O-A-R-D. Hasbro is partnering with the New York Times, which owns…
Continue ReadingExclusive: Wordle is being turned into a board game
By Jordan Valinsky, CNN Business Wordle is jumping from the P-H-O-N-E to the B-O-A-R-D. Hasbro is partnering with the New York Times, which owns the…
Continue ReadingWhy BMW is offering heated seats on a monthly subscription
By Peter Valdes-Dapena, CNN Business BMW is now offering British drivers the option of enjoying a heated seat on a monthly subscription basis. Of…
Continue ReadingWhat recession? America’s banks reveal few signs of trouble
CNN, CNN BUSINESS By Julia Horowitz, CNN Business If a recession were to arrive in the United States, there would normally be evidence of pain at…
Continue ReadingTesla’s head of AI, an ardent supporter of ‘full self driving,’ has exited the company
By Matt McFarland, CNN Business Andrej Karpathy, Tesla’s director of artificial intelligence, announced Wednesday he’s leaving the…
Continue ReadingMortgage rates rise to 5.5% as volatility continues
By Anna Bahney, CNN Business Mortgage rates are on the rise again after a dramatic drop last week. The 30-year fixed-rate mortgage averaged 5.51% in…
Continue ReadingJamie Dimon battens down the hatches for a recession
By Nicole Goodkind, CNN Business JPMorgan Chase kicked off the second quarter earnings season with bad news: The bank temporarily suspended share…
Continue ReadingThis key inflation measure shows prices are still rising
By Alicia Wallace, CNN Business A leading inflation indicator surged in June, showing that prices continue to remain stubbornly high. The Producer…
Continue ReadingA truly massive interest rate hike is now on the table
By Julia Horowitz, CNN Business Central banks have made clear that after a sluggish start, they’re serious about putting a lid on inflation.…
Continue ReadingStamps are more expensive now. Here’s how much more you’ll pay to drop a letter in the mail
By Chris Isidore, CNN Business Maybe this counts as good news in a time of painful price increases for necessities such as food, fuel and housing:…
Continue ReadingPepsi is making big money on smaller portions
CNN By Danielle Wiener-Bronner, CNN Business The biggest trend in snacking is something small: Chip bags and sodas are going mini. PepsiCo is seeing…
Continue ReadingPepsi is making big money on smaller portions
By Danielle Wiener-Bronner, CNN Business The biggest trend in snacking is something small: Chip bags and sodas are going mini. PepsiCo is seeing…
Continue ReadingChinese homebuyers refuse to pay mortgages on unfinished apartments
By Laura He, CNN Business China’s real estate crisis is escalating, raising concerns about growing risks in the banking system. Desperate…
Continue ReadingEmirates slams Heathrow ‘incompetence’ over summer ‘airmageddon’
By Anna Cooban and Livvy Doherty, CNN Business Emirates airline has blasted one of the world’s busiest airports for its…
Continue ReadingUS journalists targeted by foreign hackers who show sophisticated understanding of American politics
By Sean Lyngaas, CNN In the days before the January 6, 2021, insurrection, Chinese hackers sent out a flurry of malicious emails to prominent White…
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