Europe is planning to ditch Russia’s oil. Will it go after its gas?
By Anna Cooban, CNN Business Europe has finally proposed a ban on Russian oil, but has again stopped short of using its most potent weapon —…
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The Fed could have trouble avoiding a double-dip recession
By Paul R. La Monica, CNN Business The Federal Reserve finally seems prepared to whip inflation. The last time the Fed faced surging prices like…
Continue Reading Dow plunges more than 1,000 points in Wall Street’s worst day of the year
By Nicole Goodkind, CNN Business So much for the good feelings on Wall Street. US markets fell sharply Thursday, marking their worst day of the year…
Continue Reading Wall Street is fed up with Under Armour, Nike and Adidas
CNN, CNN BUSINESS By Nathaniel Meyersohn, CNN Business Tripped-up supply chains and a coronavirus surge in China are causing headaches for top…
Continue Reading US worker productivity fell at the fastest rate in nearly 75 years
By Alicia Wallace, CNN Business US labor productivity tumbled by 7.5% in the first quarter of 2022 — the largest decline in worker output per…
Continue Reading Mortgage rates hit highest level since 2009
CNN, CNNBUSINESS By Anna Bahney, CNN Business Mortgage rates rose this week, continuing an upward trend that has pushed rates more than two…
Continue Reading First on CNN: Biden administration launches plan to refill emergency oil reserve
By Matt Egan, CNN Business The Biden administration plans to seek bids this fall to buy 60 million barrels of crude oil as the first step in a…
Continue Reading Mortgage rates hit highest level since 2009
By Anna Bahney, CNN Business Mortgage rates rose this week, continuing an upward trend that has pushed rates more than two percentage points higher…
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TikTok to launch ads on videos
TikTok to launch ads on…
Continue Reading Mortgage rates hit highest level since 2009
CNN By Anna Bahney, CNN Business Mortgage rates rose this week, continuing an upward trend that has pushed rates more than two percentage points…
Continue Reading How to take advantage of rising interest rates
By Jeanne Sahadi, CNN Business In a bid to curb high inflation, the US Federal Reserve on Wednesday increased its key short-term interest rate by…
Continue Reading America’s job growth is starting to slow
CNN, HLN By Anneken Tappe, CNN Business The days of millions of job gains per month are behind us and the US labor market recovery has moved into a…
Continue Reading Why relief over the Federal Reserve could be short-lived
By Julia Horowitz, CNN Business When the Federal Reserve decides it’s necessary to pursue the biggest interest rate hike since 2000, you…
Continue Reading Elon Musk probably got a huge tax break when he sold off Tesla shares
By Chris Isidore, CNN Business To buy Twitter, Elon Musk just sold a ton of stock and made a boatload of money on the sale. But because of a US tax…
Continue Reading America’s job growth is starting to slow
By Anneken Tappe, CNN Business The days of millions of job gains per month are behind us and the US labor market recovery has moved into a new phase,…
Continue Reading A 13-year-old girl told the police she had been gang-raped. Then a police officer allegedly raped her
By Esha Mitra and Rhea Mogul, CNN A 13-year-old girl who was allegedly gang-raped by four men in India, was allegedly raped again by a police officer…
Continue Reading China’s economy is going backwards
By Laura He, CNN Business China’s gigantic services sector just contracted at the second sharpest pace on record as Covid lockdowns hit…
Continue Reading Fed issues biggest rate hike in 22 years
By Anneken Tappe, CNN Business The Federal Reserve said Wednesday it is raising interest rates by a half-percentage point to get a handle on the…
Continue Reading What the Fed rate hike means for you
By Matt Egan, CNN Business The Federal Reserve is stepping up its war on inflation. That means borrowing costs are going sharply higher for families…
Continue Reading A recession may be around the corner. Don’t panic
CNN, CNNBUSINESS By Allison Morrow, CNN Business Around the world, warning signs of a recession are flashing. Wall Street is on edge. Central banks…
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