Jamie Dimon: The Cold War is back and a recession is a real possibility
By Matt Egan, CNN Business JPMorgan Chase CEO Jamie Dimon said Wednesday that the Federal Reserve should have moved sooner to raise interest rates…
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The Fed was late to inflation. Will it miss the next big risk?
By Julia Horowitz, CNN Business The Federal Reserve is finally getting aggressive in its bid to fight decades-high inflation. What’s happening:…
Continue ReadingWarren Buffett-backed electric carmaker shrugs off China’s lockdowns
By Laura He, CNN Business BYD, the Warren Buffett-backed Chinese electric vehicle maker, had a bumper month in the world’s largest car market,…
Continue ReadingFed issues biggest rate hike in 22 years
By Anneken Tappe, CNN Business The Federal Reserve said Wednesday it is raising interest rates by a half-percentage point to get a handle on the…
Continue ReadingChina market analyst out after his social media accounts were frozen
By Laura He, CNN Business Hong Hao, a prominent market analyst in China, has left the state-owned bank he worked for just days after his social media…
Continue ReadingA Chinese man surnamed ‘Ma’ was detained. The news wiped off $26 billion from Alibaba’s stock
By Nectar Gan, CNN For Chinese tech tycoon Jack Ma, there’s a price to freedom: $26 billion. Alibaba, the Chinese e-commerce giant Ma…
Continue ReadingDidi is facing an SEC probe into its botched IPO, company says
By Laura He, CNN Business Didi says it is facing an investigation by US regulators into its botched IPO last year. The Chinese ride-hailing giant…
Continue ReadingStarbucks will raise wages again — but not for unionized workers
By Danielle Wiener-Bronner, CNN Business Starbucks interim CEO Howard Schultz has a message for workers interested in unionizing: If you do, you…
Continue ReadingABC News correspondent Jonathan Karl tests positive for Covid-19 after White House Correspondents Dinner
By Paul LeBlanc and Oliver Darcy, CNN ABC News’ Chief Washington Correspondent Jonathan Karl tested positive for Covid-19 Monday night, a…
Continue ReadingThese retirement bills let older workers put even more into their 401(k)s
By Jeanne Sahadi, CNN Business If a popular piece of retirement legislation makes it to President Biden’s desk this year, it would give older…
Continue ReadingThese companies will help staff in red states bypass abortion bans
By Allison Morrow, CNN Business Millions of women in more than 25 states face an abortion ban if the Supreme Court overturns Roe v. Wade, the…
Continue ReadingHomes got even pricier and harder to afford in most US cities
By Anna Bahney, CNN Business Home prices rose by double-digit percentages in most major US cities at the beginning of this year. Of 185 metro areas…
Continue ReadingOpinion: The GDP report isn’t as bad as it seems, but there are still economic risks ahead
Opinion by Erik Lundh and Dana Peterson for CNN Business Perspectives If you grimaced at the most recent US GDP report, you weren’t alone. At…
Continue ReadingWall Street needs a reason to buy stocks. Is this it?
By Julia Horowitz, CNN Business Stocks have been volatile in recent weeks, notching their worst start to the year since 1939. Between the war in…
Continue ReadingUlta Beauty apologizes for ‘very insensitive’ email about Kate Spade
By Jordan Valinsky, CNN Business Ulta Beauty is apologizing for sending a newsletter to customers with a subject line containing a “very…
Continue ReadingStock market selloff is exactly what the Fed wants, former NY Fed chief says
CNN, CNN BUSINESS By Matt Egan, CNN Business Turmoil on Wall Street is a feature, not a bug, of the Federal Reserve’s fight against inflation,…
Continue Reading‘Very, very unlikely’ Fed can tame inflation without sparking recession, former NY Fed chief says
By Matt Egan, CNN Business The Federal Reserve helped rescue the economy from the worst pandemic in a century. That task may prove easy compared with…
Continue ReadingHSBC’s biggest shareholder reignites debate about breaking up the bank
By Michelle Toh, CNN Business HSBC has long prided itself on being the bank that connects East and West. Now it’s under pressure to rethink…
Continue ReadingPopeyes reveals a new twist on its chicken sandwich
By Danielle Wiener-Bronner, CNN Business Popeyes started the chicken sandwich wars in 2019 — and it’s adding a new entree to the battle. The…
Continue ReadingBP profit more than doubles on ‘exceptional’ oil trading
By Mark Thompson, CNN Business BP took a hit of more than $24 billion from ditching its business in Russia but reported a huge jump in profit for the…
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