Rising mortgage rates hit home builders as buyers pull back
By Paul R. La Monica, CNN Business Prospective home buyers are getting hit by a double whammy of bad news: Prices remain prohibitively high for many…
Continue ReadingBiz/Tech
US economic barometer drops for sixth month in a row, potentially ‘signaling a recession’
By Matt Egan A comprehensive gauge on the health of the US economy dropped in August for the sixth straight month, reinforcing concerns about a…
Continue Reading Amazon’s ‘Thursday Night Football’ is a hit
By Frank Pallotta, CNN Business Amazon hit it big with its “Thursday Night Football” debut. The tech giant’s first exclusive NFL…
Continue Reading
Hungary to poll public on support for EU sanctions on Russia
By JUSTIN SPIKE Associated Press BUDAPEST, Hungary (AP) — Hungary’s governing party says it wants to poll the country’s citizens on whether…
Continue Reading America’s dependence on credit cards is growing. The Fed’s rate hike will make it more painful
Martha C. White As prices continue to rise, Americans are becoming increasingly reliant on credit cards to make purchases. And now, with the Federal…
Continue Reading Passenger arrested after seen punching a flight attendant
By DAVID KOENIG AP Airlines Writer FORT WORTH, Texas (AP) — A man who was apparently caught on video slugging a flight attendant in the back of the…
Continue Reading Rare bear market in bonds strips investors of safe haven
By STAN CHOE AP Business Writer NEW YORK (AP) — A rare bear market in bonds hasn’t gotten much attention, but it may be inflicting more pain on…
Continue Reading Man United to reduce spending in upcoming transfer windows
MANCHESTER, England (AP) — Manchester United is set to reduce its activity in the transfer market in upcoming windows following an overhaul of the…
Continue Reading Activist investor pushes for removal of Kohl’s chairman, CEO
By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Activist investor Ancora Holdings Group is pushing for the removal of both the chairman…
Continue Reading Larry Page’s electric air taxi startup is winding down
By Catherine Thorbecke, CNN Business Kittyhawk, the electric air taxi startup backed by Google co-founder Larry Page, announced Wednesday that it…
Continue Reading Ford shuffles management, seeks new global supply chain head
By TOM KRISHER AP Auto Writer DETROIT (AP) — Ford is restructuring its vehicle development and supply chain operations, shuffling multiple…
Continue Reading Why Jamie Dimon apologized to Elizabeth Warren
By Nicole Goodkind, CNN Business JPMorgan Chase CEO Jamie Dimon testified on Capitol Hill Thursday for the second straight day. This time, he faced…
Continue Reading Zelenskyy aide: Ukraine needs funds, expand Russia sanctions
By FRANK JORDANS Associated Press BERLIN (AP) — A top Ukrainian government economist says the country’s efforts to defend itself from Russia…
Continue Reading Why Jamie Dimon apologized to Elizabeth Warren
CNN, CNN BUSINESS By Nicole Goodkind, CNN Business JPMorgan Chase CEO Jamie Dimon testified on Capitol Hill Thursday for the second straight day.…
Continue Reading Central banks worldwide tighten policies to cool inflation
Associated Press The U.S. Federal Reserve has been the most aggressive in using interest rate hikes to cool inflation that is battering both…
Continue Reading Mortgage rates rise to nearly 6.3%, the highest level since 2008
By Anna Bahney, CNN Business Mortgage rates jumped higher for the fifth week in a row, further pushing past 6% in the face of yet another aggressive…
Continue Reading Tesla recalls 1.1 million cars for windows that can ‘pinch’
By Chris Isidore, CNN Business Tesla said it has spotted a flaw in 1.1 million cars’ windows that could pinch occupants while closing. The…
Continue Reading Average US long-term mortgage rates climb to 6.29% this week
By MATT OTT AP Business Writer WASHINGTON (AP) — Average long-term U.S. mortgage rates jumped by more than a quarter-point this week to their…
Continue Reading Bank CEOs questioned on consumer protections, social issues
By KEN SWEET AP Business Writer NEW YORK (AP) — The CEOs of the nation’s biggest banks returned to Capitol Hill for a second day Thursday, and…
Continue Reading Alex Jones admonished by judge as Sandy Hook defamation trial goes off the rails
By Oliver Darcy, CNN Business Conspiracy theorist Alex Jones tangled Thursday in an explosive courtroom exchange with an attorney for families of…
Continue Reading Alex Jones admonished by judge as Sandy Hook defamation trial goes off the rails
CNN, WFSB By Oliver Darcy, CNN Business Conspiracy theorist Alex Jones tangled Thursday in an explosive courtroom exchange with an attorney for…
Continue Reading Alex Jones admonished by judge as Sandy Hook defamation trial goes off the rails
CNN By Oliver Darcy, CNN Business Conspiracy theorist Alex Jones tangled Thursday in an explosive courtroom exchange with an attorney for families of…
Continue Reading Saudi Arabia plans to send female astronaut to space in 2023
DUBAI, United Arab Emirates (AP) — Saudi Arabia said Thursday it will launch a training program with the goal of sending its own astronauts,…
Continue Reading Jake Tapper heads to primetime as CNN announces slate of midterm elections programming
By Oliver Darcy, CNN Business Jake Tapper is moving to primetime as part of a sweeping set of programming changes CNN announced Thursday that will…
Continue Reading More consumers buying organic, but US farmers still wary
By SCOTT McFETRIDGE Associated Press CHURDAN, Iowa (AP) — In the 1970s when George Naylor said he wanted to grow organic crops, the idea…
Continue Reading Amazon’s Bezos, Jassy must testify in FTC investigation
By Brian Fung, CNN Amazon founder Jeff Bezos and CEO Andy Jassy must testify in an ongoing Federal Trade Commission probe into whether the company…
Continue Reading More Americans apply for jobless aid last week
By MATT OTT AP Business Writer WASHINGTON (AP) — The number of Americans filing for jobless benefits rose slightly last week despite the Federal…
Continue Reading Lebanese banks decide to stay shuttered, over security fears
By KAREEM CHEHAYEB Associated Press BEIRUT (AP) — Lebanon’s embattled banks have decided to remain indefinitely closed after rejecting a…
Continue Reading Jerome Powell is heading into the ‘danger zone’
By Julia Horowitz, CNN Business When the Federal Reserve started hiking interest rates to combat decades-high inflation, Chair Jerome Powell stressed…
Continue Reading Over 1M Teslas recalled because windows can pinch fingers
DETROIT (AP) — Tesla is recalling nearly 1.1 million vehicles in the U.S. because the windows can pinch a person’s fingers when being rolled…
Continue Reading