America’s housing dream is broken
CNN, CNN BUSINESS By Allison Morrow, CNN Business A little over a decade ago, the dominant narrative about the housing market was that Millennials…
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Holiday sales expected to increase this year, but shoppers will lean on savings and credit to afford gifts
By Parija Kavilanz, CNN Business Families may not skimp on holiday gifts for their loved ones this year, but they’ll likely slim down their…
Continue Reading The chicken sandwich isn’t enough for Popeyes anymore
By Danielle Wiener-Bronner, CNN Business When Popeyes launched its crispy chicken sandwich in 2019, the menu item sold out in just two weeks. When it…
Continue Reading CNBC axes Shepard Smith’s news program amid broader ‘strategic realignment’
By Oliver Darcy, CNN Business Shepard Smith will exit CNBC later this year after the business-focused news network announced on Thursday that it will…
Continue Reading Glencore fined $314 million for ‘endemic’ bribery of African oil officials
By Anna Cooban, CNN Business Commodities giant Glencore has been ordered to pay a record £281 million ($314 million) penalty by a UK court for…
Continue Reading Here’s why 75% of likely voters think we are in a recession — even though we’re probably not
By Allison Morrow, CNN Business A new CNN poll shows that three-quarters of likely voters feel like the US economy is in a recession. It’s…
Continue Reading Here’s how to get a free sandwich on National Sandwich Day
By Parija Kavilanz, CNN Business Who can resist a sandwich — especially if it’s free? November 3rd marks National Sandwich Day (yes,…
Continue Reading Mortgage rates dip back below 7%
By Anna Bahney, CNN Business Mortgage rates fell this week after surpassing 7% for the first time in 20 years last week. The 30-year fixed-rate…
Continue Reading Netflix launches ‘Basic with Ads’ — its much anticipated commercial-supported plan
By Frank Pallotta, CNN Business In 2019, Netflix said in a letter to shareholders “we… are advertising free,” and added that being…
Continue Reading New York Attorney General Letitia James secures $523 million from Teva Pharmaceuticals for role in opioid crisis
By Kristina Sgueglia, CNN The New York Attorney General’s office announced it has secured $523 million from Teva Pharmaceuticals and affiliates…
Continue Reading First-time homebuyers are being shut out of the market like never before
By Anna Bahney, CNN Business If you bought your first home during the past year, consider yourself one of the fortunate few. Skyrocketing home prices…
Continue Reading First-time homebuyers are being shut out of the market like never before
CNN, POOL, KGO By Anna Bahney, CNN Business If you bought your first home during the past year, consider yourself one of the fortunate few.…
Continue Reading Did Jerome Powell just bust the stock market rally?
By Julia Horowitz, CNN Business Federal Reserve Chair Jerome Powell has the power to make or break markets these days. On Wednesday, he opted to…
Continue Reading Wall Street is bracing for a potential game changer, but it’s not the election
CNN, CNN BUSINESS By Matt Egan, CNN Business Wall Street is waiting for the results of Tuesday’s midterm election like the rest of the world,…
Continue Reading Bank of England sets biggest rate hike in 33 years and warns of a long recession
By Hanna Ziady and Julia Horowitz, CNN Business The Bank of England raised interest rates by three quarters of a percentage point on Thursday, the…
Continue Reading What to look for in the last jobs report before the midterms
By Allison Morrow, CNN Business When the Bureau of Labor Statistics releases its October jobs report on Friday, it will be the last major read of the…
Continue Reading Les Moonves, CBS to pay $30 million in settlement with NY AG over sexual misconduct allegations
By Frank Pallotta, CNN Business Leslie Moonves, former chief executive officer of CBS, and CBS reached a $30.5 million settlement with the office of…
Continue Reading What will the Fed do next? Follow the economy, not what Jerome Powell says
CNN, CNNBUSINESS By Paul R. La Monica, CNN Business The stock market has been on a roller coaster ride, largely because of Wall Street’s…
Continue Reading What rising interest rates mean for you
By Jeanne Sahadi, CNN Business The Federal Reserve raised its benchmark interest rate for the sixth time in a row on Wednesday, to a range of 3.75%…
Continue Reading Thanksgiving dinner will be a lot more expensive this year, report finds
By Danielle Wiener-Bronner, CNN Business Looks like Thanksgiving will be a lot pricier this year. Market research firm IRI predicts that your…
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