What 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…
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Revlon files for bankruptcy
By Jordan Valinsky, CNN Business Revlon, the 90-year-old cosmetics giant, filed for Chapter 11 bankruptcy protection because of its crippling debt…
Continue ReadingRevlon files for bankruptcy
CNN By Jordan Valinsky, CNN Business Revlon, the 90-year-old cosmetics giant, filed for Chapter 11 bankruptcy protection because of its crippling…
Continue ReadingCentral banks are desperate to make up for past sins
By Julia Horowitz, CNN Business Central banks are racing to stay on top of rapidly changing economic and financial conditions as they try to contain…
Continue ReadingLego will start building its bricks in the United States
By Jordan Valinsky, CNN Business Lego is planning to spend more than $1 billion to build a factory in the United States. The company announced…
Continue ReadingShopping in stores is back and thriving. Here’s why
By Nathaniel Meyersohn, CNN Business The Covid-19 pandemic was expected to turn us all into permanent online shoppers, never to set foot in physical…
Continue ReadingBank of England hikes interest rates again as inflation heads towards 11%
By Anna Cooban, CNN Business The United Kingdom’s central bank has hiked interest rates for a fifth time since December in a bid to tame…
Continue ReadingEurope is making it much harder for Russia to ship oil anywhere
By Julia Horowitz, CNN Business The European Union’s embargo on 90% of the oil it imports from Russia is the toughest punishment it’s…
Continue ReadingGlobal markets and US futures turn lower after Fed rate hike
By Laura He, CNN Business European markets and US stock futures fell Thursday, a day after the Fed got tough on inflation with its biggest rate hike…
Continue ReadingOne more sign the housing market is cooling off
CNN, CNN BUSINESS By Anna Bahney, CNN Business Another indication the hot housing market is cooling off? New residential construction and the number…
Continue ReadingReal estate job cuts: Redfin and Compass announce layoffs
By Anna Bahney, CNN Business Mortgage rates are climbing, home sales are dropping and some of the nation’s largest real estate companies are…
Continue ReadingThe Federal Reserve passes the buck on inflation
CNN, CNNBUSINESS By Nicole Goodkind, CNN Business The mission of the Federal Reserve is to foster the stability of US monetary systems. It’s…
Continue ReadingFed hikes interest rates by three-quarters of a percentage point in boldest move since 1994
CNN, POOL By Nicole Goodkind, CNN Business The Federal Reserve raised interest rates by three-quarters of a percentage point on Wednesday in an…
Continue ReadingTwo students sue shipping giant Maersk, alleging sexual assault and harassment
By Blake Ellis and Melanie Hicken, CNN An 18-year-old US Merchant Marine Academy student who was repeatedly harassed and groped by older, male crew…
Continue ReadingFed hikes interest rates by three-quarters of a percentage point in boldest move since 1994
By Nicole Goodkind, CNN Business The Federal Reserve raised interest rates by three-quarters of a percentage point on Wednesday in an aggressive move…
Continue ReadingTriple whammy for European gas supplies sends prices soaring
By Anna Cooban, CNN Business Europe’s natural gas supply has suffered its third blow in 48 hours, sending prices rocketing 42% higher from…
Continue ReadingConsumers pull back spending due to high gas and food prices
By Chris Isidore, CNN Business The high cost of gas and food is causing US consumers to pull back spending on other items, suggesting a slowdown in…
Continue ReadingManufacturing CEOs are worried about a recession
By Matt Egan, CNN Business High inflation and rising recession risks are darkening the mood in the manufacturing industry. Fifty-nine percent of…
Continue ReadingHere’s why crypto experts are shrugging off the bitcoin crash
By Nicole Goodkind, CNN Business Cryptocurrency is having a terrible week. And it’s only Wednesday. Still, long-term investors are shrugging…
Continue ReadingTeslas using driver-assist systems were involved in 273 crashes over the past 9 months, according to NHTSA
By Matt McFarland, CNN Business The National Highway Traffic Safety Administration released on Wednesday nine months of crash data from vehicles…
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