Record diesel prices, tight supplies could be next blow to the US economy
By Chris Isidore, CNN Business Diesel prices are soaring to record levels, and record low inventories of the fuel in parts of the United States are…
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Jerome Powell confirmed for second term as Fed Chair
By Ali Zaslav The US Senate on Thursday overwhelmingly confirmed Jerome Powell to a second term as chairman of the Federal Reserve. The final vote…
Continue ReadingCoronavirus committee: Meat companies lied about impending shortage and put workers at risk
CNN, POOL, WHITE HOUSE By Parija Kavilanz and Danielle Wiener-Bronner, CNN Business At the height of the pandemic, as the coronavirus infected tens…
Continue ReadingCoronavirus committee: Meat companies lied about impending shortage and put workers at risk
By Parija Kavilanz and Danielle Wiener-Bronner, CNN Business At the height of the pandemic, as the coronavirus infected tens of thousands of meat…
Continue ReadingMeme mania returns. GameStop and AMC soar
By Paul R. La Monica, CNN Business Apes of Reddit, rejoice! Shares of meme stock darling GameStop soared 10% Thursday, prompting trades to be halted…
Continue ReadingThousands mourn slain journalist Shireen Abu Akleh as Palestinians call for accountability
By Hadas Gold and Abeer Salman, CNN Thousands gathered in the West Bank city of Ramallah on Thursday to mourn slain Al Jazeera journalist Shireen Abu…
Continue ReadingManhattan rents have never been this expensive
By Anna Bahney, CNN Business Manhattan rents just hit an all-time high — again. For the third straight month, rents have reached new record…
Continue Reading4 reasons the economy looks like it’s crumbling — and what to do about it
CNN, CNN BUSINESS By David Goldman, CNN Business The American economy is super weird right now. Pretty much anyone who wants a job can have one. The…
Continue ReadingAdidas sports bra ads banned in UK over bare breasts
By Amarachi Orie, CNN Business Adidas advertisements showing photo grids of bare breasts have been banned in the UK by the Advertising Standards…
Continue ReadingMortgage rates continue to climb
By Anna Bahney, CNN Business Mortgage rates moved higher this week, continuing an upward trend that has kept rates above 5% since mid-April. The…
Continue ReadingMore than $7 trillion has been wiped out from the stock market this year
By Paul R. La Monica, CNN Business Somebody cue the stock market’s park ranger: Bears are having a picnic on Wall Street this year. The…
Continue ReadingNot all recessions are the same. Here’s what could happen to the economy and markets
By Nicole Goodkind, CNN Business Economists, CEOs, Wall Street and Main Street are sounding the recession alarm bell. Most agree a recession could…
Continue ReadingWhy this obscure corner of the crypto world has investors in a panic
By Allison Morrow, CNN Business Within the often head-scratching world of cryptocurrencies, there’s a small but growing sub-species known as…
Continue ReadingOpinion: No more union-busting. It’s time for companies to give their workers what they deserve
Opinion by Jennifer Sherer for CNN Business Perspectives This year, workers at Amazon, Starbucks and other major corporations are winning a wave of…
Continue ReadingAnother key inflation measure slowed in April
By Anneken Tappe, CNN Business Economists and investors are hopeful that we’re past the pandemic inflation peak, as another key price index…
Continue ReadingRobinhood soars after 30-year old crypto billionaire takes stake
CNN, CNNBUSINESS By Paul R. La Monica, CNN Business It’s been a brutal year for Robinhood. The twin plunges of stocks and bitcoin have crushed…
Continue ReadingPanic in the crypto market has Janet Yellen’s attention
By Julia Horowitz, CNN Business Investors in stocks, bonds and commodities are all on edge right now. But in the market for cryptocurrencies, unease…
Continue ReadingLas Vegas casino owner surprises 5,000 employees with $5,000 bonuses
By Jordan Valinsky, CNN Business The Cosmopolitan of Las Vegas surprised its more than 5,000 employees on Wednesday with a one-time $5,000 bonus. The…
Continue ReadingSoftBank reports record $27.5 billion loss on crashing tech stocks
By Michelle Toh, CNN Business SoftBank’s mega tech funds lost more than $27 billion in the last fiscal year, by far their worst performance on…
Continue ReadingSaudi Aramco eclipses Apple to once again become the world’s most valuable company
By Michelle Toh, CNN Business Saudi Aramco has overtaken Apple as the world’s most valuable company, underscoring the recent surge in oil…
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