The Fed’s preferred inflation measure set a new 40-year high in June
By Alicia Wallace, CNN Business Another key measure of inflation set a fresh 40-year high in June, a month marked by record-high gas prices. The…
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The strange reason America’s economy is shrinking
By Julia Horowitz, CNN Business When you think about a shrinking economy, what comes to mind? Factories shutting down. A wave of job losses and few…
Continue Reading $2,245.62 a second: ExxonMobil scores enormous profit on record gas prices
By Chris Isidore, CNN Business ExxonMobil and Chevron both reported record massive profits thanks to record gasoline prices during the quarter.…
Continue Reading Opinion: The types of jobs to look for (and avoid) during a recession
Opinion by Lakshman Achuthan and Anirvan Banerji for CNN Business Perspectives A couple of months ago, when the consensus outlook for the economy was…
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US rules out summer COVID boosters to focus on fall campaign
By MATTHEW PERRONE and LAURAN NEERGAARD Associated Press WASHINGTON (AP) — U.S. regulators said Friday they are no longer considering authorizing a…
Continue Reading Navy expedites waterborne drones to close gap with China
By DAVID SHARP Associated Press Facing a growing threat from China, the Navy envisions drone ships keeping an electronic eye on enemy forces across…
Continue Reading Zelenskyy visits port as Ukraine prepares to ship out grain
By INNA VARENYTSIA Associated Press ODESA, Ukraine (AP) — Ukrainian President Volodymyr Zelenskyy has visited a Black Sea port to watch crews…
Continue Reading Unprecedented profit for major oil drillers as prices soared
By CATHY BUSSEWITZ AP Energy Writer NEW YORK (AP) — Oil companies swam in record profits over the last few months at a time when Americans…
Continue Reading Cold showers and no lights: How one German city is fighting Russia’s energy battle
By Nadine Schmidt and Lauren Kent in London The German city of Hanover has banned hot water in public buildings and has introduced measures to reduce…
Continue Reading Europe’s economy surprisingly grew last quarter, easing recession fears (for now)
By Anna Cooban and Julia Horowitz, CNN Business Europe’s economy grew unexpectedly in the second quarter of this year, allaying concerns —…
Continue Reading Inflation hits record 8.9% in euro area, but economy grows
By COURTNEY BONNELL and COLLEEN BARRY AP Business Writers LONDON (AP) — Inflation in the European countries using the euro currency shot up to…
Continue Reading Fire at Moscow hostel with bars on windows kills 8
MOSCOW (AP) — Russian officials say a fire killed eight people in a Moscow hostel where bars on the windows prevented occupants from escaping. The…
Continue Reading So are we in a recession, or not?
By Nicole Goodkind and Tal Yellin, CNN If you’re confused about whether the US economy is in a recession, you’re not alone. On one hand,…
Continue Reading Sony sees profit rise despite waning interest in video games
By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Sony has reported its profit edged up 3% in the last quarter, weathering production setbacks from…
Continue Reading China’s top leaders have gone silent on the country’s economic goals
By Laura He, CNN Business China’s top leadership has gone quiet on the growth targets it had set for the year, as the world’s…
Continue Reading Stocks rally again, close out best month since Nov. 2020
By ALEX VEIGA AP Business Writer Stocks racked up more gains Friday as Wall Street closed out its best month since November 2020, a welcome breather…
Continue Reading China’s Xi warns Biden over Taiwan, calls for cooperation
By JOE McDONALD Associated Press BEIJING (AP) — President Xi Jinping warned against meddling in China’s dealings with Taiwan during a phone call…
Continue Reading Senate deal should make it easier to buy electric vehicles
By TOM KRISHER AP Auto Writer DETROIT (AP) — The surprise deal by Senate Democrats on a slimmed-down bill to support families, boost infrastructure…
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Gas prices going down, El Pasoans feeling the effects
EL PASO, Texas — Gas prices are continuing to go down for the sixth week in a row and El Paso drivers have noticed. Drivers in Texas are paying the…
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The impact inflation has on El Paso businesses
EL PASO, Texas – According to a G.D.P. report, for the second time, it shows the United States economy has shrunk. Because of the decreases, many are…
Continue Reading Sympathetic portrayal of Alex Jones rebuked as ‘hypocrisy’
By JIM VERTUNO Associated Press AUSTIN, Texas (AP) — A producer for conspiracy theorist Alex Jones’s media company tried to paint a sympathetic…
Continue Reading Argentina names economy ‘super minister’ as crisis deepens
By DANIEL POLITI Associated Press BUENOS AIRES, Argentina (AP) — Argentina’s government has announced the appointment of an economic “super…
Continue Reading Instagram walks back updates after criticism from Kardashian family
CNN By Catherine Thorbecke, CNN Business Instagram on Thursday said it will walk back some of its recent feature changes after facing mounting…
Continue Reading Instagram walks back updates after criticism from Kardashian family
By Catherine Thorbecke, CNN Business Instagram on Thursday said it will walk back some of its recent feature changes after facing mounting backlash…
Continue Reading Unexpected deal would boost Biden pledge on climate change
By MATTHEW DALY Associated Press WASHINGTON (AP) — An unexpected deal reached by Senate Democrats would be the most ambitious action ever taken by…
Continue Reading Apple’s profit declines nearly 11%
By Clare Duffy, CNN Business Even the world’s most valuable tech company isn’t immune to the more challenging global economic climate.…
Continue Reading Apple still thriving as economy slows, despite 3Q profit dip
By MICHAEL LIEDTKE AP Technology Writer BERKELEY, Calif. (AP) — Apple’s profit slipped during the past quarter, but the world’s largest…
Continue Reading Amazon posts 2Q loss but revenue tops estimates, stock jumps
By HALELUYA HADERO AP Business Writer NEW YORK (AP) — Amazon has reported its second-consecutive quarterly loss but its revenue topped Wall Street…
Continue Reading Amazon beats expectations to avoid tech earnings slump
CNN By Rishi Iyengar, CNN Business Amazon appears to still be going strong even as other Big Tech companies stumble amid pressure from inflation and…
Continue Reading Amazon beats expectations to avoid tech earnings slump
By Rishi Iyengar, CNN Business Amazon appears to still be going strong even as other Big Tech companies stumble amid pressure from inflation and an…
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