Opinion: Inflation is painfully high, but it should ease soon
Opinion by Mark Zandi for CNN Business Perspectives Consumer inflation figures for May will be out Friday, and the report is sure to be disquieting.…
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Americans lost half a trillion dollars in wealth in early 2022
CNN, CNNBUSINESS By Tami Luhby, CNN Americans’ wealth took a nosedive early this year as the stock market plummeted. The net worth of…
Continue Reading Americans lost half a trillion dollars in wealth in early 2022
By Tami Luhby, CNN Americans’ wealth took a nosedive early this year as the stock market plummeted. The net worth of households and nonprofit…
Continue Reading Credit Suisse CEO blasts ‘really stupid’ takeover rumor
By Paul R. La Monica, CNN Business Most chief executive officers, when asked if their firm is for sale, would give a boring, lawyer-approved response…
Continue Reading Freeport LNG explosion raises risk of European winter energy crisis
By Anna Cooban, CNN Business A fire at one of the world’s biggest suppliers of liquefied natural gas has thrown Europe’s fragile energy…
Continue Reading Trump’s Air Force One plan has a paint problem (among many other issues)
By Chris Isidore, CNN Business The two new Air Force One jets currently being built by Boeing are facing costly delays. Now there is a new potential…
Continue Reading Beware: The companies that hold your crypto aren’t insured the way banks are
By Jeanne Sahadi, CNN Business The latest “crypto winter,” which sent the values of Bitcoin and other digital currencies plummeting,…
Continue Reading Manhattan median rent hits new high of $4,000 a month
By Anna Bahney, CNN Business Rents keep climbing in Manhattan, hitting a record high in May for the fourth consecutive month. Median rent for an…
Continue Reading Sheryl Sandberg’s Meta departure is the death knell for Lean In
By Nicole Goodkind, CNN Business The Covid-19 pandemic changed the nature of work in innumerable ways, some of which may not be fully discerned for…
Continue Reading Mortgage rates jump, jacking up monthly payments for new buyers
By Anna Bahney, CNN Business After taking a breather for several weeks, mortgage rates climbed again. The 30-year, fixed-rate mortgage averaged 5.23%…
Continue Reading European Central Bank confirms plans for first rate hike in 11 years
By Anna Cooban and Julia Horowitz, CNN Business The European Central Bank held off on raising interest rates on Thursday, but confirmed plans for a…
Continue Reading Could stock trading fees make a comeback?
By Julia Horowitz, CNN Business In recent years, brokerages such as Robinhood and Charles Schwab have let users buy and sell stocks online without…
Continue Reading How Chris Pratt went from ‘Parks and Recreation’ to ‘Jurassic World’
By Frank Pallotta, CNN Business “Jurassic World: Dominion” hits theaters this weekend, and it features one of the most successful movie…
Continue Reading How Chris Pratt went from ‘Parks and Recreation’ to ‘Jurassic World’
CNN By Frank Pallotta, CNN Business “Jurassic World: Dominion” hits theaters this weekend, and it features one of the most successful…
Continue Reading President Biden talks gun control with Jimmy Kimmel for his first in-person late night appearance
CNN By Frank Pallotta, CNN Business President Joe Biden made his first in-person appearance on a late night talk show when he stopped by “Jimmy…
Continue Reading Janet Yellen: Stimulus spending contributed only modestly to inflation
By Matt Egan, CNN Business Treasury Secretary Janet Yellen on Wednesday defended the Biden administration’s 2021 stimulus package against…
Continue Reading Wall Street’s top cop proposes massive changes to the stock market
By Allison Morrow, CNN Business The agency that oversees Wall Street has proposed major changes to the way millions of everyday investors buy and…
Continue Reading Fannie and Freddie unveil plans to tackle the racial homeownership gap
By Anna Bahney, CNN Business Mortgage giants Freddie Mac and Fannie Mae announced Wednesday a series of actions that aim to make it easier to buy a…
Continue Reading Wall Street’s blank-check boom has gone bust
By Paul R. La Monica, CNN Business The once hot blank-check merger trend is fading fast. The stock market has been cratering so far this year —…
Continue Reading META alert! Facebook’s old FB stock ticker is no more
By Paul R. La Monica, CNN Business If you want to find the stock price of Mark Zuckerberg’s company, typing the familiar “FB”…
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