
Target posts a stunning drop in profit. Stock plunges
By Paul R. La Monica, CNN Business Target’s earnings didn’t hit the mark. Far from it. The retail giant reported a stunning 52% drop in…
Continue ReadingBy Paul R. La Monica, CNN Business Target’s earnings didn’t hit the mark. Far from it. The retail giant reported a stunning 52% drop in…
Continue ReadingBy Nicole Goodkind, CNN Business JP Morgan Chase investors on Tuesday voted down a multimillion-dollar payout for CEO Jamie Dimon. The pay proposal…
Continue ReadingBy Danielle Wiener-Bronner, CNN Business Wingstop wants to lower its food supply costs. So it’s considering raising its own chickens.…
Continue ReadingBy Matt Egan, CNN Business Treasury Secretary Janet Yellen on Wednesday signaled US officials will likely end a carve-out in Western sanctions that…
Continue ReadingBy Matt Egan and Alicia Wallace, CNN Business US Treasury Secretary Janet Yellen on Wednesday criticized the Trump administration’s tariffs on…
Continue ReadingBy Alicia Wallace, CNN Business Consumers could soon see even higher prices at some stores, after credit card giants Visa and Mastercard raised their…
Continue ReadingBy Sharon Browne-Peter Burberry reported record profits for the year ended in April despite taking a recent sales hit from its biggest market, China.…
Continue ReadingOpinion by Rosabeth Moss Kanter for CNN Business Perspectives To attract workers in today’s tight labor market, companies are touting better…
Continue ReadingBy Nicole Goodkind, CNN Business The old joke goes like this: Two friends are at a resort and one says, “The food here is really…
Continue ReadingBy Anna Cooban, CNN Business The European Union has unveiled a €210 billion ($221 billion) plan to wean itself off Russian oil and gas. Presenting…
Continue ReadingBy Julia Horowitz, CNN Business The mood hanging over financial markets is anxious and gloomy, whether you’re a professional investor or a…
Continue ReadingBy Matt Egan, CNN Business The mood in the C-Suite is darkening. CEO confidence has tumbled to the weakest level since the beginning of the Covid-19…
Continue ReadingBy Julia Horowitz, CNN Business Prices are rising at the fastest pace in decades, creating a cost-of-living crisis that’s forcing people around…
Continue ReadingBy Matt Egan and Chris Isidore, CNN Business The average price for gasoline in California hit $6 a gallon Tuesday for the first time — and…
Continue ReadingBy Matt McFarland, CNN Business Traffic deaths in the United States continue to spike, as the National Highway Traffic Safety Administration…
Continue ReadingBy Peter Valdes-Dapena, CNN Business After Renault announced its departure this week from the Russian auto market amid the country’s war with…
Continue ReadingBy Nicole Goodkind, CNN Business A US division of German insurance firm Allianz will pay more than $6 billion for what US investigators called a…
Continue ReadingBy Jon Sarlin, CNN Business Editor’s Note: If you or someone you know is struggling with suicidal thoughts or mental health matters, please…
Continue ReadingBy Anneken Tappe, CNN Business Hindsight is 20:20, even for the Federal Reserve. The US central bank is in the midst of a “whatever it…
Continue ReadingBy Chris Isidore, CNN Business AerCap Holdings, the aircraft leasing giant that is the world’s largest owner of jets, lost 113 planes when…
Continue ReadingBy Jordan Valinsky, CNN Business Beloved discount store Century 21 is reopening in New York City nearly two years after the pandemic forced it out of…
Continue ReadingBy Chris Isidore, CNN Business How do you regulate a man worth more than $200 billion who thinks he knows better than everyone else? The simple…
Continue ReadingBy Brian Stelter, CNN Business In the wake of the Buffalo supermarket mass shooting and widespread discussion of far-right violent extremism,…
Continue ReadingBy Anna Cooban, CNN Business Europe can’t make up its mind on how to pay for Russia natural gas imports that continue to fuel homes, businesses…
Continue ReadingBy Paul R. La Monica, CNN Business Warren Buffett’s Berkshire Hathaway has been a top investor in Wells Fargo for the past few years, despite…
Continue ReadingBy Jordan Valinsky, CNN Business New York Mayor Eric Adams is begging the city’s business leaders, including JPMorgan CEO Jamie Dimon, to ride…
Continue ReadingOpinion by Kevin Johnson and Mark Ruffalo for CNN Business Perspectives As energy tensions continue to rise in Europe amidst the war in Ukraine,…
Continue ReadingBy Matt Egan, CNN Business Nestlé is rushing baby formula into the United States via airfreight in a bid to ease a nationwide shortage that is…
Continue ReadingBy Paul R. La Monica, CNN Business Home Depot has a message for all of the economic naysayers: Hold my plywood. The home improvement retail giant…
Continue ReadingBy Julia Horowitz, CNN Business West Texas Intermediate crude, the reference point for US oil prices, usually trades at a discount of a few dollars…
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