Kanye West and Gap splitting up after 2 years
By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Kanye West is breaking up with the Gap. An attorney for Kanye West, who goes by Ye,…
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Service sector remains strong despite inflation’s grip
By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — The largest part of the U.S. economy is holding up against the hottest inflation in four…
Continue Reading South African president to meet with Biden on Friday
By MOGOMOTSI MAGOME Associated Press JOHANNESBURG (AP) — South African President Cyril Ramaphosa is expected to meet with U.S. President Joe Biden…
Continue Reading Concerns grow as Nigeria’s inflation surges to 17-year high
By CHINEDU ASADU Associated Press ABUJA, Nigeria (AP) — Nigeria’s consumer inflation surged to 20.5% in August, its statistics agency said…
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Mortgage rates top 6% for the first time since 2008
By Anna Bahney, CNN Business Mortgage rates jumped again, surpassing the 6% mark and reaching the highest level since the fall of 2008. The 30-year…
Continue Reading Mortgage rates hit 6%, first time since 2008 housing crash
By MATT OTT AP Business Writer WASHINGTON (AP) — Average long-term U.S. mortgage rates climbed over 6% this week for the first time since the…
Continue Reading Rail workers win key concessions in deal to prevent strike
By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Here’s what’s in the tentative agreement that railroad unions secured to prevent a potential…
Continue Reading Schiphol Airport chief quits after summer of travel chaos
AMSTERDAM (AP) — The CEO of Amsterdam’s Schiphol Airport has quit after a summer that descended into chaos and flight cancellations amid staff…
Continue Reading G7 nations to take tougher line on trade with China
BERLIN (AP) — Germany’s economy minister says the Group of Seven major economies have agreed to take a tougher, more coordinated stance toward…
Continue Reading UK launches deeper antitrust probe of Microsoft’s Activision deal
By Brian Fung, CNN UK officials have launched a deeper antitrust investigation into Microsoft’s $68.7 billion purchase of video game giant…
Continue Reading Patagonia founder gives company away to environmental trusts
By MATT OTT and GLENN GAMBOA Associated Press The founder of outdoor gear company Patagonia says the company is transferring all of its voting shares…
Continue Reading Here’s what the railroads and unions agreed to
By Vanessa Yurkevich, CNN Business Freight railroad unions and management reached a tentative deal to avert a strike, addressing a key attendance…
Continue Reading CNN announces it will debut new morning show with Don Lemon, Poppy Harlow, and Kaitlan Collins
By Oliver Darcy, CNN Business CNN is reimagining its mornings. The network on Thursday unveiled a new marquee morning program that will debut later…
Continue Reading Adobe buying Figma in $20B cash-and-stock deal
By The Associated Press Software company Adobe is buying online design company Figma in an approximately $20 billion cash-and-stock deal. Figma,…
Continue Reading Sudan’s summer flooding continues, raising death toll to 134
CAIRO (AP) — Flash flooding across Sudan has killed at least 20 people over the past week, raising the official death toll since the rainy season…
Continue Reading Biden order sharpens foreign investment screening process
By AAMER MADHANI Associated Press WASHINGTON (AP) — President Joe Biden has signed an executive order that aims to sharpen the national security…
Continue Reading Weekly jobless claims fall for fifth-straight week, showing resilient labor market
By Alicia Wallace, CNN Business The number of first-time claims for unemployment benefits fell again last week, setting a new three-month low and…
Continue Reading Amtrak works to restore routes after rail labor accord
Associated Press Amtrak says it is working to quickly restore canceled trains after President Joe Biden announced that a tentative railway labor…
Continue Reading US consumer spending rose in August as gas prices fell
By Martha C. White, CNN Business Another month of falling gas prices gave Americans’ wallets a bit of a reprieve in August. That sent consumers…
Continue Reading ‘Astonishing.’ Morgan Stanley hard drives holding sensitive client data got auctioned off online
CNN, CNNBUSINESS By Matt Egan, CNN Business Federal regulators accused Morgan Stanley on Tuesday of “astonishing” failures that led to…
Continue Reading Retail sales up 0.3% in Aug. from July amid inflation
By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Americans picked up their spending a bit in August from July even as surging inflation…
Continue Reading Fewer Americans file for jobless benefits again last week
By MATT OTT AP Business Writer WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell again last week to a four-month…
Continue Reading It’s getting late in the game. Will the Fed risk a Hail Mary?
By Nicole Goodkind, CNN Business Investors are on edge as the Federal Reserve gears up for its policy decision next week. Some are even starting to…
Continue Reading Opinion: 3 things the Fed needs to see before it stops hiking rates
Opinion by Joseph H. Davis for CNN Business Perspectives The Federal Reserve is aware of the pain that spiraling prices are causing Americans. At the…
Continue Reading EU lawmakers declare that Hungary is no longer a democracy
By LORNE COOK Associated Press BRUSSELS (AP) — European Union lawmakers have declared that Hungary has become “a hybrid regime of electoral…
Continue Reading The world’s second biggest cryptocurrency just got a lot greener
By Diksha Madhok, CNN Business Ethereum, the world’s second most valuable cryptocurrency, has completed a massive software upgrade that its…
Continue Reading Is a line of credit right for your business recession plan?
By LISA ANTHONY of NerdWallet The possibility of a recession in the near future and the likely reduction in credit availability that is often…
Continue Reading Buttigieg awards grant to tear down divisive Detroit highway
By HOPE YEN Associated Press WASHINGTON (AP) — A plan to dismantle a 1-mile-long depressed freeway that was built in Detroit by demolishing Black…
Continue Reading EU wants to toughen cybersecurity rules for smart devices
By SAMUEL PETREQUIN Associated Press BRUSSELS (AP) — The European Union’s executive arm is proposing legislation to force manufacturers to ensure…
Continue Reading Railroad strike averted after marathon talks reach tentative deal
By Chris Isidore, Vanessa Yurkevich and Jeremy Diamond, CNN Business Unions and management reached a tentative deal early Thursday, averting a…
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