Bitcoin has crashed more than 30% this week to $20,000
By Anna Cooban, CNN Business Bitcoin continues to tumble this week to trade just above $20,000 on Wednesday as the cryptocurrency sell-off shows…
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The Fed’s risky experiment to control inflation
By Julia Horowitz, CNN Business The Federal Reserve knows it needs to demonstrate that it can get inflation under control — and fast. What’s…
Continue ReadingWhat today’s Fed rate hike means for you
CNN, POOL By Matt Egan, CNN Business The Federal Reserve is stepping up its war on inflation. That means borrowing costs are going sharply higher for…
Continue ReadingEuropean Central Bank tries to ease fears of a debt crisis after bond ‘panic’
CNN By Clare Sebastian and Julia Horowitz, CNN Business The European Central Bank has tried to calm fears of a debt crisis by promising…
Continue ReadingMukesh Ambani, Asia’s richest man, bets billions on the future of cricket
By Diksha Madhok, CNN Business Indian billionaire Mukesh Ambani has now added a massive cricket deal to his empire. A venture backed by Ambani has…
Continue ReadingChina’s shoppers are still on strike and youth unemployment is rising
By Laura He, CNN Business China’s economy showed some signs of improvement in May, but retail sales contracted for a third month in a row,…
Continue ReadingEuropean Central Bank tries to ease fears of a debt crisis after bond ‘panic’
By Clare Sebastian and Julia Horowitz, CNN Business The European Central Bank has tried to calm fears of a debt crisis by promising…
Continue ReadingBloomberg News staffer released on bail in China, authorities say
By Simone McCarthy, CNN A Chinese national employed by Bloomberg News was released on bail earlier this year following more than a year in detention,…
Continue ReadingBiden ally pushes Big Oil surtax to eliminate ‘perverse’ incentives to price gouge
By Matt Egan, CNN Democratic Sen. Ron Wyden is drawing up a surtax on Big Oil that would seek to rein in the industry’s skyrocketing profits at…
Continue ReadingJoe Kahn takes over as the top editor of The New York Times
CNN By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
Continue ReadingJoe Kahn takes over as the top editor of The New York Times
By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
Continue ReadingCaterpillar to move headquarters from Illinois to Texas
By Andy Rose, CNN Industrial conglomerate Caterpillar, Inc. is moving its global headquarters from suburban Chicago to suburban Dallas, the company…
Continue ReadingReport: Volkswagen could sell more electric cars than Tesla by 2024
By Peter Valdes-Dapena, CNN Business Volkswagen has been saying for years that it intends to, one day, sell more electric cars than Tesla. That could…
Continue ReadingRetiring into a bear market: What to do, what to avoid
By Jeanne Sahadi, CNN Business The market rout has been painful for investors. But the sting may be especially sharp for anyone who has recently…
Continue ReadingThe stock market is demanding the Fed take historic action on inflation
By David Goldman, CNN Business The stock market won’t be satisfied unless the Federal Reserve takes drastic action on inflation. Investors now…
Continue ReadingHow bears and bulls became Wall Street’s mascots
By Allison Morrow, CNN Business Bears. Bulls. Two big, scary mammals that serve as Wall Street shorthand for the stock market’s general mood.…
Continue ReadingKey inflation measure slows slightly, but remains uncomfortably high
CNN, CNNBUSINESS By Chris Isidore, CNN Business A key inflation reading showed a glimmer of hope on Tuesday, revealing a slight slowdown in rising…
Continue ReadingNo recession alarm bells for Corporate America … yet
By Paul R. La Monica, CNN Business Recession fears may be raging on Wall Street and Main Street, but there are still some potentially good signs for…
Continue ReadingRussia is ‘hemorrhaging’ millionaires
By Anna Cooban, CNN Business Millionaires are leaving Russia in droves after the country invaded Ukraine and the West imposed sanctions. Almost three…
Continue ReadingGas prices are rising, so it’s a good thing some vehicles are secretly hybrids
CNN, KOVR By Peter Valdes-Dapena, CNN Business With gas prices passing $5 a gallon in many places, drivers may wish that they had a hybrid vehicle.…
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