Americans loaded up on $40 billion more in debt in June, Fed says
Martha C. White for CNN Business Americans piled on $40.1 billion worth of debt in June, the Federal Reserve said Friday afternoon. The figure was…
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A jury finds Infowars conspiracy theorist Alex Jones should pay $45.2 million in punitive damages to the parents of a Sandy Hook shooting victim
By Brian Stelter, CNN Business A Texas jury has decided to penalize Alex Jones with $45.2 million in punitive damages in a lawsuit filed by the…
Continue Reading Gas prices are falling. So is interest in electric cars
By Peter Valdes-Dapena, CNN Business As gas prices rose in the the first three months of 2022, interest among car shoppers in hybrid and electric…
Continue Reading America has fewer open jobs. Is that reason to worry?
By Julia Horowitz, CNN Business For the past year, America has had a glut of open jobs. Restaurants, airlines and retail stores have raced to recruit…
Continue Reading Workers in these two industries are the only ones coming out ahead right now
By Tami Luhby, CNN At first glance, it looks like many Americans got big pay raises since the Covid-19 pandemic started. But in reality, only workers…
Continue Reading As inflation takes a toll, Americans face tough decisions about medical care
By Gabe Cohen, CNN There are medicines that Angelina Scott can’t live without. Between her Atrial Fibrillation, high blood pressure and high…
Continue Reading HBO Max and Discovery+ are combining next year
By Frank Pallotta, CNN Business HBO Max and Discovery+ are finally joining forces. The long-awaited merger of the two services will debut in the US…
Continue Reading Jury finds Alex Jones caused $4 million in damages to two Sandy Hook parents
By Oliver Darcy, CNN Business Right-wing talk show host Alex Jones will have to pay the parents of a Sandy Hook shooting victim a little more than $4…
Continue Reading Massive jobs surprise: US economy added 528,000 jobs in July
By Alicia Wallace, CNN Business The US economy has now regained all jobs lost during the pandemic, after a blowout July jobs report that showed a…
Continue Reading Oil slides under $90 to fresh six-month lows on demand worries
By Matt Egan The selloff in the oil market gathered momentum Thursday on growing concerns about weakening demand for gasoline. US oil dropped 2.3% to…
Continue Reading Judge denies Alex Jones’ attorney’s request for a mistrial
By Oliver Darcy, CNN Business A Texas judge on Thursday denied a request for a mistrial from the attorney for right-wing conspiracy theorist Alex…
Continue Reading ABC names Alyssa Farah Griffin and Ana Navarro as permanent co-hosts on ‘The View’
By Oliver Darcy, CNN Business Alyssa Farah Griffin and Ana Navarro, two conservatives who have been extraordinarily critical of former President…
Continue Reading Wall Street’s lavish bonuses are getting slashed
By Allison Morrow, CNN Business Last year was a busy, chaotic one on Wall Street. Mergers, acquisitions and new stock listings were going a mile a…
Continue Reading This is a great time to be an airline. It’s the worst time to be a passenger
By Chris Isidore, CNN Business US airlines just had one of the most lucrative quarters in history. Passengers are suffering for it. The record…
Continue Reading Lucid shares plunge as it cuts production target in half
By Chris Isidore, CNN Business Shares of luxury electric car maker Lucid plunged more than 10% Thursday after the company disclosed it will make…
Continue Reading Opinion: 5 ways the Inflation Reduction Act will help American families
Opinion by Van Jones and Jessie Buendia for CNN Business Perspectives America needs a new approach to energy. Nothing has shown that as well as the…
Continue Reading Is anyone buying couches and beds from Wayfair anymore?
By Nathaniel Meyersohn, CNN Business Early in the pandemic, people realized they were going to be spending a lot more time at home. So they decided…
Continue Reading Ex-Fed insider: A full-blown recession is ‘almost certainly’ coming
By Matt Egan, CNN Business The Federal Reserve’s war on inflation will eventually kill the economic recovery from Covid-19, former Fed official…
Continue Reading Mortgage rates drop below 5% for first time since April
By Anna Bahney, CNN Business Mortgage rates dropped for the second week in a row, falling below 5% for the first time since mid-April. The 30-year…
Continue Reading Alibaba shares pop as revenue beats expectations
By Michelle Toh, CNN Business Alibaba just posted flat revenue growth for the first time since becoming a public company, but investors don’t…
Continue Reading The party is over at Robinhood. But meme mania lingers
By Julia Horowitz, CNN Business Robinhood got off to a rocky start when it made its Wall Street debut one year ago, but hopes for the buzzy trading…
Continue Reading The Bank of England just made its biggest rate hike in 27 years
By Anna Cooban, CNN Business Central bankers in the United Kingdom have announced the biggest increase in interest rates in 27 years, as spiraling…
Continue Reading China’s military drills around Taiwan threaten to upend global trade
By Laura He, CNN Business China’s live-fire military drills around Taiwan are threatening to disrupt trade and commercial travel in East Asia,…
Continue Reading New head of Alex Jones’ company faces questions from lawyers for Sandy Hook families
By Sonia Moghe, CNN The accountant now in charge of overseeing right-wing conspiracy theorist Alex Jones’ company Free Speech Systems through…
Continue Reading Walmart is laying off corporate employees
by Matt Egan, CNN Walmart is laying off about 200 corporate employees, a person familiar with the matter told CNN, in a move that comes days after…
Continue Reading Sandy Hook family attorney exposes Alex Jones’ dishonesty during brutal cross-examination
By Oliver Darcy, CNN Business The dishonesty of right-wing conspiracy theorist Alex Jones was spotlighted in a Texas court on Wednesday as a lawyer…
Continue Reading This company is turning heaps of plastic trash into construction building blocks
By Parija Kavilanz, CNN Business Imagine taking heaps and heaps of earth-polluting, unusable plastic waste and actually transforming it into…
Continue Reading TJ Maxx and Marshalls sold dangerous baby products after they were recalled
By Parija Kavilanz, CNN Business TJX, which operates popular discount chains TJ Maxx, Marshalls and Home Goods, agreed to pay a fine of $13 million…
Continue Reading Warren Buffett has another reason to hate Robinhood
By Nicole Goodkind, CNN Business It’s no secret that Warren Buffett isn’t a fan of Robinhood. The Oracle of Omaha has been sparring with…
Continue Reading Mexican Pizza gave Taco Bell an enormous sales boost
By Danielle Wiener-Bronner, CNN Business Taco Bell can thank Mexican Pizza for a boost in sales last quarter. Sales at US Taco Bell stores open at…
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