Global 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…
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Real 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 Reading One 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 Reading The 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 Reading Fed 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 Reading Two 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 Reading 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…
Continue Reading Fed 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 Reading Triple 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 Reading Manufacturing 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 Reading Here’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…
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Dairy industry says milk is the drink for summer
With summer finally here, it is time to fire up the grill and pour yourself a cold glass of…
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Instagram to nudge teens away from dangerous topics
Meta has announced two new safety features targeting teens on…
Continue Reading Consumers 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 Reading Teslas 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…
Continue Reading Ford recalls 2.9 million vehicles that could roll away when placed in park
By Chris Isidore, CNN Business Ford is recalling 2.9 million vehicles that might not shift into the correct gear and could move in an unintended…
Continue Reading 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…
Continue Reading 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 Reading What the 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 Reading Mukesh 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…
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