CNN-Business-Consumer Archives

Markets are worried the Fed is going too far

October 12, 2022 5:44 AM CNN Newsource

By Nicole Goodkind, CNN Business A closely watched measure of inflation in the United States is expected to tick higher in September even as the…

Alleged rapist and his mother set teenage girl on fire after learning she was pregnant, Indian police say

October 11, 2022 11:00 PM CNN Newsource

By Rhea Mogul, Swati Gupta and Manveena Suri, CNN A 15-year-old girl is being treated at a hospital in northern India after she was allegedly set on…

Meta calls out news outlet, says it published stories based on fabricated documents

October 11, 2022 9:03 PM CNN Newsource

By Oliver Darcy, CNN Business It is not unusual for Meta to aggressively push back on articles. And it’s not unusual for publications to stand…

Elon Musk denies claim he spoke to Vladimir Putin about the war in Ukraine

October 11, 2022 8:47 PM CNN Newsource

By Natasha Bertrand and Jessie Yeung, CNN Tesla CEO Elon Musk has denied a claim that he spoke directly to Russian President Vladimir Putin in recent…

Saudi Arabia and OPEC risk causing a US recession, Sen. Blumenthal says

October 11, 2022 4:51 PM CNN Newsource

By Matt Egan, CNN OPEC and its allies have defended their decision to slash oil production by arguing they are trying to prepare for a potential…

Proposed labor rule could give millions of gig workers employee status

October 11, 2022 11:31 AM CNN Newsource

By Vanessa Yurkevich, CNN The Biden administration is proposing a new labor rule that could classify millions of gig workers as employees — a move…

McDonald’s announces return of Halloween pails — just in time for trick-or-treating

October 9, 2022 10:24 AM CNN Newsource

By Zoe Sottile, CNN What’s spookier than a bit of Halloween-themed nostalgia? McDonald’s has announced the return of its retro Halloween…

Don’t worry, there’s still hope for the stock market

October 11, 2022 9:56 AM CNN Newsource

By Paul R. La Monica, CNN Business The back-to-back, huge market rallies of last week may seem like a distant memory to investors after stocks slid…

Honda and LG are spending $3.5 billion to build a battery factory in Ohio

October 11, 2022 8:51 AM CNN Newsource

By Peter Valdes-Dapena, CNN Business Honda and South Korean battery maker LG Energy Solutions are investing $3.5 billion to build a joint venture…

Tens of thousands likely jobless after Hurricane Ian, economists say

October 11, 2022 8:43 AM CNN Newsource

Martha C. White for CNN Business Hurricane Ian’s devastating impact will be felt for weeks and months to come, especially in the state of…

Jake Tapper to sit down with President Joe Biden Tuesday night 9 p.m. ET

October 11, 2022 7:31 AM CNN Newsource

By CNN Staff Jake Tapper, CNN’s chief Washington correspondent and anchor, is set to kick off his new show Tuesday evening by sitting down to…

‘The worst is yet to come’: IMF issues stark recession warning

October 11, 2022 7:00 AM CNN Newsource

By Julia Horowitz, CNN Business The International Monetary Fund has once again downgraded its forecast for the global economy with a sharp warning:…

How to be a smart holiday shopper

October 11, 2022 6:33 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business It’s only October, but holiday shopping promotions are here with retailers bringing out the Christmas…

Markets won’t go back to normal until the Fed stops hiking rates

October 11, 2022 5:43 AM CNN Newsource

By Nicole Goodkind, CNN Business Stocks lost ground again on Monday following a turbulent week that saw market volatility at its bumpiest level since…

GM is starting an energy storage subsidiary to take on the Tesla Powerwall

October 11, 2022 4:01 AM CNN Newsource

By Peter Valdes-Dapena, CNN Business General Motors is starting its own energy storage business using its Ultium battery packs to power homes and…

Bank of England warns risk of UK financial crisis hasn’t gone away

October 11, 2022 1:35 AM CNN Newsource

By Mark Thompson, CNN Business For the second time in two days, the Bank of England has been forced to offer extra support to UK markets still…

Confused drivers think they have ‘self-driving’ cars. That’s dangerous, an insurance group warns

October 10, 2022 10:01 PM CNN Newsource

By Matt McFarland, CNN Business Drivers are putting too much trust in their vehicles’ driver-assist features, which may lead to dangerous…

The threat of a freight railroad strike is back

October 10, 2022 3:16 PM CNN Newsource

By Chris Isidore and Vanessa Yurkevich, CNN Business A union of railroad track maintenance workers has rejected a tentative agreement with the…

William Shatner on traveling to space: ‘All I saw was death’

October 10, 2022 2:04 PM CNN Newsource

By Jackie Wattles, CNN Astronauts have for decades described their trips to space as “breathtaking” and humbling, a reminder of the…

$4 gas could be coming — again

October 10, 2022 12:20 PM CNN Newsource

By Chris Isidore, CNN Business Here’s the bad news first: Gas prices are on the rise in most of the US and could soon hit a national average of…

Stocks dip after JPMorgan Chase CEO Jamie Dimon warns of recession

October 10, 2022 11:25 AM CNN Newsource

By Paul R. La Monica, CNN Business So much for a sleepy Columbus Day on Wall Street. Stocks weren’t doing much Monday morning but took a turn…

US economy will soon start losing 175,000 jobs a month, Bank of America warns

October 10, 2022 10:50 AM CNN Newsource

By Matt Egan, CNN The Federal Reserve’s fight to squash inflation will cause the US economy to start losing tens of thousands of jobs a month…

Amazon will invest $970 million in electric vehicles for its European fleet

October 10, 2022 8:43 AM CNN Newsource

By Chris Isidore, CNN Business Amazon said Monday it plans to spend €1 billion, or $972 million, on electric vehicles for its European fleet. The…

Nikki Finke, veteran Hollywood journalist, has died

October 10, 2022 7:28 AM CNN Newsource

By Jordan Valinsky, CNN Business Nikki Finke, the sharp-tongue Hollywood journalist famous for her seemingly non-stop scoops, has died. She was 68.…

White-collar workers are feeling the brunt of the Fed’s rate hikes. Here’s why

October 10, 2022 5:51 AM CNN Newsource

By Nicole Goodkind, CNN Business September’s hotly anticipated jobs data ended up cooling markets on Friday. Stocks fell sharply as investors…

UK brings budget forward in another attempt to reassure markets

October 10, 2022 4:09 AM CNN Newsource

By Hanna Ziady, CNN Business UK Finance Minister Kwasi Kwarteng will try to avoid spooking investors a second time when he publishes details of plans…

Nobel Prize in economics awarded to trio including Ben Bernanke for work on financial crises

October 10, 2022 4:08 AM CNN Newsource

By Julia Horowitz, CNN Business Former Federal Reserve Chair Ben Bernanke, Douglas Diamond and Philip Dybvig were awarded the Nobel Prize in…

Gautam Adani was a college dropout. Now he may be too big to fail

October 10, 2022 3:39 AM CNN Newsource

By Diksha Madhok, CNN Business On a late August evening in New Delhi, journalists’ phones started buzzing with messages. Indian billionaire…

Elon Musk’s unsolicited idea for Taiwan welcomed by Beijing, slammed in Taipei

October 10, 2022 3:32 AM CNN Newsource

By Rhea Mogul, CNN As tensions between China and Taiwan simmer at their highest point in decades, officials in both places have clashed in recent…

Air France and Airbus charged with involuntary homicide for Rio-Paris crash in 2009

October 10, 2022 3:32 AM CNN Newsource

By Jim Bittermann, CNN The trial of two of France’s biggest companies began Monday over the crash of Air France flight 447 in 2009 that killed…