China may be getting ready to wind down its crackdown on big tech
CNN By Diksha Madhok, CNN Business Shares of Chinese tech companies soared on Friday after Beijing signaled that it may throw the beleagured industry…
Continue ReadingCNN – Business/Consumer
ExxonMobil took a $3.4 billion hit for exiting Russia. Its profit still soared
By Chris Isidore, CNN Business ExxonMobil took at $3.4 billion charge for exiting its business in Russia in the first quarter, but it still posted…
Continue Reading Much of Europe is facing stagflation. France is already there
By Mark Thompson, CNN Business The European economy slowed in the first three months of the year due to a combination of soaring inflation and early…
Continue Reading Elon Musk sells $8.5 billion worth of Tesla shares
CNN, CNN BUSINESS By Chris Isidore, CNN Business Tesla CEO Elon Musk sold $8.5 billion of the electric automaker’s stock in the three days…
Continue Reading Elon Musk sells $8.5 billion worth of Tesla shares
By Chris Isidore, CNN Business Tesla CEO Elon Musk sold $8.5 billion of the electric automaker’s stock in the three days after the Twitter…
Continue Reading Recession fears are mounting. Here’s how to protect your money
By Jeanne Sahadi, CNN Business Warnings of a potential recession aren’t surprising given how many tripwires there are in today’s economy.…
Continue Reading Defense companies aren’t getting a boost from Russia’s war with Ukraine
By Nicole Goodkind, CNN Business When war breaks out, defense companies tend to make money. That means aerospace and defense stocks can serve as safe…
Continue Reading Defense companies aren’t getting a boost from Russia’s war with Ukraine
CNN By Nicole Goodkind, CNN Business When war breaks out, defense companies tend to make money. That means aerospace and defense stocks can serve as…
Continue Reading The US economy contracted. Don’t panic
By Matt Egan, CNN Business The economic recovery from Covid-19 stumbled in the first quarter, but that doesn’t mean a recession is imminent.…
Continue Reading Homes got even pricier and harder to afford in most US cities
CNN, CNNBUSINESS By Anna Bahney, CNN Business Home prices rose by double-digit percentages in most major US cities at the beginning of this year. Of…
Continue Reading Teladoc stock plunges as the stay-at-home economy fizzles
By Paul R. La Monica, CNN Business The huge pandemic boom for virtual health company Teladoc appears to be over. More people are willing to leave…
Continue Reading The Fed’s favorite inflation measure hit a fresh 40-year high
CNN, CNNBUSINESS By Anneken Tappe, CNN Business Americans had to reach deeper into their pockets in March, as yet another key inflation index showed…
Continue Reading Europe has bought $46 billion worth of Russian energy since the Ukraine war began
By Jack Guy, CNN Russian revenues from fossil fuel exports to the European Union soared during the first two months of the Ukraine invasion, despite…
Continue Reading Investing ethically won’t buy protection in this market
CNN By Julia Horowitz, CNN Business As the economy began bouncing back from the coronavirus pandemic, interest in investment products that promoted…
Continue Reading Mortgage rates fall slightly, but still hover above 5%
By Anna Bahney, CNN Business Mortgage rates took a breather last week, dropping slightly after seven consecutive weeks of increases. The 30-year…
Continue Reading Russian gas customers in Europe may accept Putin’s payment terms
By Anna Cooban, CNN Business Some of Russia’s biggest natural gas customers in Europe’s are preparing to accept the Kremlin’s new…
Continue Reading Soaring costs and shortages push German industry to the brink
By Anna Cooban and Inke Kappeler, CNN Business Siempelkamp Giesserei has seen its fair share of crises in its 99 years. But pandemic shutdowns,…
Continue Reading Southwest is set to return to profitability
By Chris Isidore, CNN Business Southwest Airlines posted a first-quarter loss, but the company said that will be the last time it loses money for…
Continue Reading Meta earnings and the metric Wall Street is obsessing over
By Julia Horowitz, CNN Business Every quarter, investors on Wall Street parse earnings for intel on how much money a company brings in and the size…
Continue Reading The US economy shrank in the first quarter
By Anneken Tappe, CNN Business America’s economy unexpectedly shrank in the first quarter of 2022, data from the Bureau of Economic Analysis…
Continue Reading