JPMorgan lays off hundreds of employees in mortgage division as rates spike
By Matt Egan, CNN Business JPMorgan Chase is laying off employees this week in response to the spike in mortgage rates that has rocked the housing…
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Storm’s damages put focus on Cuba’s dire housing crisis
By ANDREA RODRÍGUEZ Associated Press HAVANA (AP) — The first storm of the new hurricane season hit Cuba in mid-June and collapsed or damaged…
Continue Reading Juul vape pens could be pulled from US shelves. Altria shares tumble
By Jordan Valinsky, CNN Business A report that the Food and Drug Administration might order Juul to pull its products from store shelves has sent…
Continue Reading UK to see 2nd national rail strike after talks hit stalemate
By JILL LAWLESS Associated Press LONDON (AP) — Britain is facing the second of three national railway strikes after new negotiations between union…
Continue Reading Sitting pretty? Revlon stock surges after bankruptcy filing
By Paul R. La Monica, CNN Business Move over, GameStop and AMC. And forget about bitcoin and other cryptocurrencies. Revlon, the struggling makeup…
Continue Reading Why Kellogg is turning its back on Frosted Flakes and Froot Loops
By Danielle Wiener-Bronner, CNN Business For years, Kellogg’s has been synonymous with Froot Loops, Frosted Flakes, Special K and other…
Continue Reading What today’s retirees want future retirees to know
By Jeanne Sahadi, CNN Business US retirees have some advice for their younger selves, and by extension anyone who has yet to retire: Save more. Save…
Continue Reading Dredging company to pay $1M for restoration work oil spill
NEW ORLEANS (AP) — A Houston dredging company has been ordered to pay a $1 million fine for an oil spill that occurred when a subcontractor cut…
Continue Reading Rents to rise for more than a million New Yorkers in rent stabilized apartments
By Alison Kosik, for CNN Business The NYC Rent Guidelines Board (RGB) has given the green light to allow landlords in New York City to hike rents on…
Continue Reading Well, drivers, we’ve got good news and bad news about gas prices
By Allison Morrow, CNN Business Editor’s Note: This story is part of CNN Business’ Nightcap newsletter. To get it in your inbox, sign up…
Continue Reading Price cap on Russian oil could shake up the market
CNN, CNNBUSINESS By Julia Horowitz, CNN Business Europe and the United States have barred the import of Russian oil to cut off a crucial revenue…
Continue Reading Microsoft: Russian cyber spying targets 42 Ukraine allies
By FRANK BAJAK Associated Press CLEVELAND (AP) — Microsoft says “strategic espionage” by state-backed Russian hackers has targeted government…
Continue Reading Elizabeth Warren to Fed chair Jerome Powell: Don’t ‘drive this economy off a cliff’
By Matt Egan for CNN Business Fed Chairman Jerome Powell conceded that the Federal Reserve’s aggressive interest rate hikes won’t solve…
Continue Reading The US economy shrank 1.6% in the first quarter, adding to recession fears
CNN By Alicia Wallace, CNN Business The US economy shrank at a slightly faster rate than previously estimated during the first quarter, the Bureau of…
Continue Reading Who decides if the US is in a recession? Eight economists you’ve never heard of
CNN By Nicole Goodkind, CNN Business Prominent Wall Street economists like Mark Zandi, investing luminaries like ARK Invest’s Cathie Wood and…
Continue Reading Car factory workers block key motorway in Serbia capital
BELGRADE, Serbia (AP) — Dozens of Serbian car factory workers have blocked a key motorway in the capital Belgrade to protest layoff and relocation…
Continue Reading FedEx shows how to boost a stock in two simple steps
By Paul R. La Monica, CNN Business Who says pleasing fickle investors on Wall Street is hard? FedEx delivered its biggest daily stock jump since the…
Continue Reading Walmart expands health services to address racial inequality
By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Walmart is expanding health care coverage for employees who want to enlist the services…
Continue Reading ‘Groundhog Day’ at IRS: Returns pile up, phone delays worsen
By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — It’s Groundhog Day at the IRS. After digging out of a daunting backlog from 2021, the agency…
Continue Reading US importing baby formula from Mexico to ease shortage
By ZEKE MILLER Associated Press WASHINGTON (AP) — The Biden administration announced Wednesday that it is providing logistical support to import…
Continue Reading Space chief hopes for ‘Kennedy moment’ from European leaders
By FRANK JORDANS Associated Press BERLIN (AP) — The head of the European Space Agency says Russia’s invasion of Ukraine highlights the need…
Continue Reading In climate fight, EU lawmakers back stricter emission caps
BRUSSELS (AP) — European Union lawmakers are requiring deeper emission cuts from power plants, factories and planes in Europe while endorsing an…
Continue Reading Germany’s Scholz: G7 to discuss ‘Marshall plan’ for Ukraine
BERLIN (AP) — German Chancellor Olaf Scholz says he wants to discuss the outlines of a “Marshall plan for Ukraine” with the leaders of the…
Continue Reading Crowds flock to Yellowstone as park reopens after floods
By MATTHEW BROWN and AMY BETH HANSON Associated Press YELLOWSTONE NATIONAL PARK (AP) — Throngs of tourists have gleefully returned to watch geysers…
Continue Reading Powell: Fed aims to avoid recession but says it’s possible
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Federal Reserve Chair Jerome Powell sought Wednesday to reassure the public that the…
Continue Reading Widespread strikes disrupt services in North Macedonia
SKOPJE, North Macedonia (AP) — A strike by government workers in North Macedonia has disrupted services over a pay dispute between unions and the…
Continue Reading Czech central bank raises key rate again to tackle inflation
By KAREL JANICEK Associated Press PRAGUE (AP) — The Czech Republic’s central bank has raised its key interest rate significantly as it tries to…
Continue Reading Barack and Michelle Obama ink deal with Amazon’s Audible
By Frank Pallotta, CNN Business The Obamas are heading to Audible. Higher Ground — Barack and Michelle Obama’s production company — signed…
Continue Reading Opinion: Airlines are facing pressure from all directions
Opinion by Tom Stalnaker, Khalid Usman and Andrew Buchanan for CNN Business Perspectives After two years of enduring masks, social distancing and…
Continue Reading EU Commission proposes cutting pesticides by half by 2030
By SAMUEL PETREQUIN Associated Press BRUSSELS (AP) — The European Union’s executive arm has proposed legally binding targets to reduce the use of…
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