What rising interest rates mean for you
CNN By Jeanne Sahadi, CNN Business In its continued bid to quash high inflation, the Federal Reserve on Wednesday raised the overnight bank lending…
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What rising interest rates mean for you
By Jeanne Sahadi, CNN Business In its continued bid to quash high inflation, the Federal Reserve on Wednesday raised the overnight bank lending rate…
Continue Reading Dow plunges to its lowest level since 2020 to end another dismal week
CNN, CNN BUSINESS By David Goldman, CNN Business US stocks fell sharply in Friday trading as investors continued to worry about even more rate hikes…
Continue Reading IMF chief warns there will be ‘people on the street’ globally unless steps taken to ease inflation
By Emmet Lyons and Ken Olshansky There will be “people on the street” globally unless steps are taken to protect the most vulnerable from…
Continue Reading Ford: Gas cars are a growth business for us
By Peter Valdes-Dapena, CNN Business When Ford chief executive Jim Farley split the company’s passenger vehicle business into two parts — one…
Continue Reading Rising mortgage rates hit home builders as buyers pull back
CNN, CNN BUSINESS By Paul R. La Monica, CNN Business Prospective home buyers are getting hit by a double whammy of bad news: Prices remain…
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TikTok to require verification of political accounts and ban political fundraising
TikTok has begun to require “mandatory verification” for political accounts based in the United States and will be prohibiting all political…
Continue Reading Inflation is a global problem. Here’s how central banks are addressing it
By Nicole Goodkind, CNN Business Just like misery, inflation loves company. And as price increases linger near 40-year highs, the United States has…
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Germany nationalizes its biggest natural gas importer
Germany is nationalizing Uniper, its biggest importer of natural gas, as part of an €8 billion ($7.9 billion) plan to prevent an energy shortage…
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America’s gas prices rise for the first time in 99 days
The historic streak of falling gasoline prices is…
Continue Reading Home sales dropped 20% in August from a year ago
By Anna Bahney, CNN Business Home sales declined for the seventh month in a row in August as higher mortgage rates and stubbornly high prices pushed…
Continue Reading NASA astronaut, Russian cosmonauts launch to space
By Jackie Wattles, CNN Business A Russian capsule took an American astronaut to space today, marking a notable continuation of the Russian-US…
Continue Reading Opinion: Many have lost faith in the Fed. Will it be able to win our trust again?
Opinion by Mohamed A. El-Erian for CNN Business Perspectives This week, it will become more apparent to economists and policymakers across the globe…
Continue Reading Germany nationalizes its biggest natural gas importer
By Inke Kappeler, Allegra Goodwin and Mark Thompson, CNN Business Germany is nationalizing Uniper, its biggest importer of natural gas, as part of an…
Continue Reading September 21, 2022: Fed raises interest rates by three-quarters of a percentage point
By CNN Business The-CNN-Wire™ & © 2022 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights…
Continue Reading The Fed’s credibility is still on the line
By Julia Horowitz, CNN Business The Federal Reserve’s latest policy announcement represents a critical moment, as Wall Street waits to see how…
Continue Reading Hong Kong stocks hit an 11-year low after historic Fed rate hike
CNN, WLOX, WRAL, WKYT By Laura He, CNN Business Hong Kong stocks hit their lowest level in more than a decade Thursday and other Asian markets also…
Continue Reading US dollar hits new 20-year high as Russia calls up reservists
By Julia Horowitz and Anna Cooban, CNN Business The US dollar climbed to a new two-decade high on Wednesday after Russia said it was mobilizing…
Continue Reading US dollar hits new 20-year high as Russia calls up reservists
CNN By Julia Horowitz and Anna Cooban, CNN Business The US dollar climbed to a new two-decade high on Wednesday after Russia said it was mobilizing…
Continue Reading America gained 2.5 million new millionaires last year
By Michelle Toh, CNN Business The number of rich people in the world rose at a rapid pace last year, boosted by gains in the stock market and house…
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