The 5 biggest takeaways from earnings season
By Nicole Goodkind, CNN Business The third-quarter corporate earnings season is wrapping up: We now have reports from about 450 of the S&P 500,…
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The economy was a big concern for voters. Thursday’s inflation report likely won’t help
CNN, CNNBUSINESS By Alicia Wallace, CNN Business The economy was top of mind for voters in the midterm elections, exit polls showed, adding even more…
Continue Reading Inflation cools much more than expected in October
By Alicia Wallace, CNN Business Americans and the Federal Reserve got some welcome news Thursday on inflation. The Consumer Price Index rose 7.7% for…
Continue Reading Analysis: Why the news media got the midterm ‘red wave’ narrative so wrong
By Oliver Darcy, CNN Business The White House believes that the press has “egg on their faces, yet again.” That’s according to a…
Continue Reading Rivian has both good and bad news at end of tough day for EV stocks
By Chris Isidore, CNN Business Electric truckmaker Rivian delivered a mixed bag for investors in its third-quarter earnings report, after a brutal…
Continue Reading So you won the lottery. What now?
By Allison Morrow, CNN Business So, you won the lottery. Congrats! What do you do now? Once you’re done screaming and dancing in a shower of…
Continue Reading The economy was a big concern for voters. Thursday’s inflation report likely won’t help
By Alicia Wallace, CNN Business The economy was top of mind for voters in the midterm elections, exit polls showed, adding even more weight to a…
Continue Reading Crypto’s white knight lost 94% of his wealth in a single day
By Allison Morrow, CNN Business Sam Bankman-Fried, the crypto entrepreneur known for providing a financial lifeline to struggling firms in the…
Continue Reading This oil refiner is cutting 1,100 jobs — and giving billions of dollars to its shareholders
By Matt Egan, CNN Business Phillips 66 is cutting at least 1,100 jobs by the end of this year as the refining giant seeks to slash costs and steer a…
Continue Reading Adidas will continue to sell Kanye West’s shoe designs without the Yeezy name
By Nathaniel Meyersohn, CNN Business Adidas ended its sneaker partnership with Ye, formerly known as Kanye West, last month after the…
Continue Reading Credit card rates hit a record high as Fed fights inflation
By Matt Egan It’s never a great time to carry credit card debt. But right now is arguably the worst time. The Federal Reserve’s war on…
Continue Reading ‘It is not an accident’: Murdoch’s media empire celebrates DeSantis as future of GOP after midterms
By Oliver Darcy, CNN Business Rupert Murdoch, the media mogul who controls some of the most powerful organs in conservative media, appeared to make…
Continue Reading Railroad unions push back threatened strike date
By Chris Isidore and Vanessa Yurkevich, CNN Business The threat of a freight railroad strike has been pushed back to early December, as four major…
Continue Reading British nurses to hold first ever strike over pay
By Reuters Tens of thousands of British nurses will go on strike for the first time over demands for better pay, their trade union said on Wednesday,…
Continue Reading Energy security trumps the climate? London’s biggest IPO of the year is an oil company
By Julia Horowitz, CNN Business The world may be losing the fight against the climate crisis, but investors are still willing to throw money at oil…
Continue Reading Chocolate is having a moment
By Danielle Wiener-Bronner, CNN Business Between warnings of a recession, high inflation and layoff fears, the news is bleak. Why not have some…
Continue Reading So you won the lottery. What now?
CNN By Allison Morrow, CNN Business So, you won the lottery. Congrats! What do you do now? Once you’re done screaming and dancing in a shower…
Continue Reading Shop owner who sold winning Powerball ticket is now a millionaire himself
By Stella Chan, CNN The owner of Joe’s Service Center in Altadena, California, who came to the United States from Syria in 1980 with $14,000 in…
Continue Reading Redfin shuts home-flipping business and cuts 13% of its workforce
By Anna Bahney, CNN Business Redfin is set to shutter its home-flipping business and reduce its workforce by 13%, laying off 862 employees. About 264…
Continue Reading Crypto giant Binance drops bid to save rival, stoking chaos in digital assets
By Allison Morrow, CNN Business In an abrupt reversal, cryptocurrency exchange Binance pulled out of a deal to acquire its embattled rival FTX,…
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