New home building picked up last month, but builder sentiment remains low
By Anna Bahney Home building bounced back a bit last month even though demand for new homes among buyers had started to cool off and the cost of…
Continue ReadingCNN – Business/Consumer
Tax fossil fuel companies ‘feasting’ on profits as ‘planet burns’ and power bills soar, UN chief urges
By Angela Dewan, CNN Business Rich economies should hit oil and gas companies with new windfall taxes to provide help for countries suffering from…
Continue Reading Biden administration picks former Chicago, DC transportation leader to head EV charging program
By Matt McFarland, CNN Business Gabe Klein, who has led transportation departments in Washington, DC and Chicago, will head the Biden…
Continue Reading
As many as 45,000 Fords can’t be sold because they’re missing parts
The still-clogged global supply chain continues to wreak havoc on the auto…
Continue Reading As many as 45,000 Fords can’t be sold because they’re missing parts
By Chris Isidore, CNN Business The still-clogged global supply chain continues to wreak havoc on the auto industry. Ford said late Monday it will end…
Continue Reading Anxious investors are piling into hedge funds
By Julia Horowitz, CNN Business For years, the climate for hedge funds was tough. Volatility was low. The price of everything was going up. It…
Continue Reading Good news: Freight railroads are not on strike. Bad news: The service is still terrible
By Chris Isidore and Matt McFarland, CNN Business The fact that there is not a freight railroad strike happening this week is a huge win for the US…
Continue Reading Inflation is stubbornly high. Here’s what this bank exec suggests you do
By Michelle Toh, CNN Business People around the world are searching for ways to shield themselves from the impact of stubbornly high inflation, and…
Continue Reading
Stocks close higher ahead of Federal Reserve meeting
US stocks alternated between slight losses and modest gains Monday before eventually closing higher ahead of the Federal Reserve’s two-day policy…
Continue Reading Why the current oil boom for Arab states may be their last
By Nadeen Ebrahim, CNN The oil boom brought about by the Ukraine war has made energy-rich Middle Eastern countries extraordinarily wealthy once…
Continue Reading Why the latest Chrysler 300 is missing a supercharged V8
By Peter Valdes-Dapena, CNN Business As the big Chrysler 300 sedan, with its trademark large square grille, approaches the end of an 18-year…
Continue Reading President Biden says America will get inflation under control. But it won’t be easy
CNN By Alicia Wallace, CNN Business President Joe Biden expressed optimism about the direction of the US economy Sunday, saying America will be able…
Continue Reading President Biden says America will get inflation under control. But it won’t be easy
By Alicia Wallace, CNN Business President Joe Biden expressed optimism about the direction of the US economy Sunday, saying America will be able to…
Continue Reading ‘The Woman King’ surprises at the box office
By Frank Pallotta, CNN Business It’s good to be “The Woman King.” The new Sony Pictures Entertainment film starring Viola Davis as…
Continue Reading
Robert Shiller: Fed risks ‘disgrace’ if it doesn’t control inflation
Central banks are faced with the unenviable task of trying to put a lid on decades-high inflation without triggering harsh recessions that could…
Continue Reading Stocks close higher ahead of Federal Reserve meeting
By Nicole Goodkind, CNN Business US stocks alternated between slight losses and modest gains Monday before eventually closing higher ahead of the…
Continue Reading
Stocks fall ahead of Federal Reserve meeting
US stocks opened lower on Monday after all three major indexes logged their worst week since June. The declines came as interest rates spiked ahead…
Continue Reading Robert Shiller: Fed risks ‘disgrace’ if it doesn’t control inflation
By Julia Horowitz, CNN Business Central banks are faced with the unenviable task of trying to put a lid on decades-high inflation without triggering…
Continue Reading 1 in 5 of China’s urban youth are unemployed. That’s a huge headache for Xi Jinping
By Laura He, CNN Business The future looked promising for Cherry in May last year, when she secured a prestigious internship at a major software…
Continue Reading TikTok’s search engine repeatedly delivers misinformation to its majority-young user base, report says
By Emma Tucker, CNN When a TikTok user searches the social media app for information on top news stories, ranging from Covid-19 vaccines to school…
Continue Reading