Mortgage rates rise above 4% for the first time since 2019
By Anna Bahney, CNN Business Mortgage rates climbed past 4% for the first time since May 2019. The 30-year fixed-rate mortgage averaged 4.16% in the…
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The broken nickel market is a warning to Wall Street
By Julia Horowitz, CNN Business After a week-long pause, investors can trade nickel again on the London Metal Exchange. But the market remains…
Continue Reading The Fed can’t afford to move too slowly on interest rates
Opinion by Desmond Lachman for CNN Business Perspectives Even with consumer price inflation running at almost 8%, the Fed announced Wednesday it…
Continue Reading How to take advantage of rising interest rates
By Jeanne Sahadi, CNN Business As expected, the US Federal Reserve on Wednesday hiked its key short-term interest rate for the first time since 2018.…
Continue Reading 4 ways China is quietly making life harder for Russia
By Laura He, CNN Business China is quietly distancing itself from Russia’s sanction-hit economy. The two states proclaimed last month that…
Continue Reading Russia moves to seize hundreds of planes from foreign owners
By Chris Isidore and Chris Liakos, CNN Business Russia is seizing hundreds of commercial jets owned by US and European leasing companies, a further…
Continue Reading Russia says it made a payment to avoid default
By David Goldman, CNN Business Russia says it has ordered the $117 million in interest payments it owes Wednesday to be sent to investors, attempting…
Continue Reading This might be the end of sharing Netflix passwords
By Frank Pallotta, CNN Business Netflix knows you share your password. And soon you might have to start paying for the privilege. Over the last year,…
Continue Reading Tesla’s cheapest Model 3 now costs $46,990
By Matt McFarland, CNN Business Tesla’s most affordable car is only getting more expensive, while other electric vehicles sold as long as it…
Continue Reading Federal Reserve hikes interest rates for the first time since 2018
By Anneken Tappe, CNN Business The Federal Reserve is raising interest rates for the first time since 2018, the central bank announced Wednesday at…
Continue Reading Joe Buck and Troy Aikman are leaving Fox for ESPN’s ‘Monday Night Football’
By Frank Pallotta, CNN Business Two of the most recognizable voices in the NFL are switching networks. Joe Buck and Troy Aikman are leaving their…
Continue Reading Citi’s response to abortion bans: We’ll pay for workers to travel
By David Goldman, CNN Business After a number of US states passed laws severely restricting access to abortions, Citigroup this week said it is…
Continue Reading Disney employees are staging walkouts over company’s response to the ‘Don’t Say Gay’ bill
By Frank Pallotta, CNN Business Last week, Disney and its CEO Bob Chapek bungled their response to Florida’s controversial bill dubbed…
Continue Reading Covid. War. Inflation. Recession fears. The stock market can’t keep up
By Paul R. La Monica, CNN Business It’s been a year full of worries for investors, from geopolitical conflict to inflation to the pandemic, and…
Continue Reading The journalist who protested on Russian state TV says it was ‘impossible to stay silent’
By Charles Riley, CNN Business The Russian state television journalist who took a dramatic stand against President Vladimir Putin’s war in…
Continue Reading Kohl’s could soon have a new owner. The stock is rocketing higher
By Nathaniel Meyersohn, CNN Business Could the biggest department store marriage in years be in the works? Hudson’s Bay Co., the Canadian…
Continue Reading Walmart is hiring 50,000 more workers before May
By Jordan Valinsky, CNN Business Walmart is planning to hire more than 50,000 workers in the United States this spring. America’s largest…
Continue Reading Rate hikes are here: What does that mean for you?
By Matt Egan, CNN Business The Covid era of free money has come to an end. After dropping interest rates to zero in March 2020 to revive the economy,…
Continue Reading Evergreen container ship runs aground in Chesapeake Bay nearly a year after Suez Canal blockage
By Rebekah Riess, CNN Business The U.S. Coast Guard is working on a plan to safely refloat a 1,095-foot container ship operated by Evergreen Marine…
Continue Reading Fox correspondent Benjamin Hall has left Ukraine after suffering injuries from deadly attack
By Brian Stelter and Oliver Darcy, CNN Business Fox News correspondent Benjamin Hall, who was severely injured while reporting outside Kyiv on…
Continue Reading Russia could lose 30% of its oil output within weeks, IEA warns
By Charles Riley, CNN Business Russia could soon be forced to curtail crude oil production by 30%, subjecting the global economy to the biggest…
Continue Reading Biden demands faster drop in gas prices as oil tumbles
By Matt Egan, CNN Business President Joe Biden is using his bully pulpit to call out the tendency for gasoline prices to go up like a rocket when oil…
Continue Reading Wall Street eyes Fed interest rate hike
By Anneken Tappe, CNN Business The Federal Reserve will likely hike interest rates on Wednesday, marking the end of the ultra-low rate environment…
Continue Reading 4 things Russia could do as default looms
By Julia Horowitz, CNN Business Harsh sanctions against Russia following its invasion of Ukraine are fueling a moment of deep uncertainty for…
Continue Reading Howard Schultz returns to Starbucks as interim CEO
By Danielle Wiener-Bronner, CNN Business Starbucks CEO Kevin Johnson will step down on April 4 after five years at the helm of the company, Starbucks…
Continue Reading Chinese stocks have best day in years as Beijing promises to boost economy
By Laura He, CNN Business Chinese stocks had their best day in years Wednesday as Beijing promised measures to “substantially” boost…
Continue Reading US to detain goods from Chinese sportswear giant Li-Ning over North Korean labor concerns
By Michelle Toh, CNN Business Li-Ning goods will be detained by US authorities after US Customs and Border Protection said an investigation indicated…
Continue Reading Airfares are going up. Blame full planes, not fuel prices
By Chris Isidore, CNN Business Jet fuel prices are soaring along with other fuel costs. So are airfares. Blame the return of passenger demand —…
Continue Reading Sarah Bloom Raskin withdraws herself from consideration to the Federal Reserve Board
By Phil Mattingly and Kaitlan Collins, CNN Sarah Bloom Raskin has withdrawn from consideration to be a nominee for the Federal Reserve Board of…
Continue Reading Netflix adds new Dr. Seuss series, expanding its children’s programming
By Frank Pallotta, CNN Business Winning the hearts and minds of children could be part of the solution to Netflix’s recent growth problems.…
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