Opinion: Inflation is painfully high, but it should ease soon
Opinion by Mark Zandi for CNN Business Perspectives Consumer inflation figures for May will be out Friday, and the report is sure to be disquieting.…
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No Sun Metro transportation for Veterans to Beaumont Army Hospital
EL PASO, Texas – ABC-7 was contacted by a viewer about the lack of transportation to William Beaumont Army Center. This viewer said he had to pay $50…
Continue Reading Americans lost half a trillion dollars in wealth in early 2022
By Tami Luhby, CNN Americans’ wealth took a nosedive early this year as the stock market plummeted. The net worth of households and nonprofit…
Continue Reading Stitch Fix is laying off 15% of its salaried employees
CNN, CNNBUSINESS By Nathaniel Meyersohn, CNN Business Online clothing retailer Stitch Fix will lay off 15% of its salaried staff — around 330…
Continue Reading FTC chair issues a warning shot to the tech industry
By Brian Fung, CNN Business The Federal Trade Commission is keeping a close eye on Big Tech as the industry expands into newer technologies such as…
Continue Reading Credit Suisse CEO blasts ‘really stupid’ takeover rumor
By Paul R. La Monica, CNN Business Most chief executive officers, when asked if their firm is for sale, would give a boring, lawyer-approved response…
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Big Tech attacks become rallying cry for GOP candidates
By SAM METZ Associated Press RENO, Nev. (AP) — Republicans are pushing an anti-Big Tech message in the midterm campaigns as they look to tap into…
Continue Reading Gas prices close in on $5 a gallon in US, hit record in UK
By DAVID KOENIG AP Business Writer DALLAS (AP) — The average price that Americans pay for gasoline is closing in on $5 a gallon, another drain on…
Continue Reading Freeport LNG explosion raises risk of European winter energy crisis
By Anna Cooban, CNN Business A fire at one of the world’s biggest suppliers of liquefied natural gas has thrown Europe’s fragile energy…
Continue Reading Teslas with Autopilot a step closer to recall after wrecks
By TOM KRISHER AP Auto Writer DETROIT (AP) — Teslas with partially automated driving systems are a step closer to being recalled after the U.S.…
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Teslas with Autopilot a step closer to recall after wrecks
By TOM KRISHER AP Auto Writer DETROIT (AP) — Teslas with partially automated driving systems are a step closer to being recalled after the U.S.…
Continue Reading Trump’s Air Force One plan has a paint problem (among many other issues)
By Chris Isidore, CNN Business The two new Air Force One jets currently being built by Boeing are facing costly delays. Now there is a new potential…
Continue Reading Correction: Biden-Inflation story
REHOBOTH BEACH, Del. (AP) — In a story published June 9, 2022, about inflation, The Associated Press misspelled the last name of shopper Nina…
Continue Reading Poland’s PM pushes for more coal to lower heating costs
WARSAW, Poland (AP) — Poland’s prime minister has vowed to support higher production at the nation’s coal mines in order to bring down…
Continue Reading German transport minister opposes EU combustion engine ban
By FRANK JORDANS Associated Press BERLIN (AP) — Germany’s transport minister has announced strong opposition to an European Union plan that bans…
Continue Reading Biden pushing to lower ocean shipping costs, fight inflation
By JOSH BOAK Associated Press WASHINGTON (AP) — President Joe Biden is launching a push to reduce the costs of shipping goods across oceans.…
Continue Reading Beware: The companies that hold your crypto aren’t insured the way banks are
By Jeanne Sahadi, CNN Business The latest “crypto winter,” which sent the values of Bitcoin and other digital currencies plummeting,…
Continue Reading Manhattan median rent hits new high of $4,000 a month
By Anna Bahney, CNN Business Rents keep climbing in Manhattan, hitting a record high in May for the fourth consecutive month. Median rent for an…
Continue Reading 220 CEOs demand immediate action from the Senate to reduce gun violence
By Christine Romans, CNN Business More than 200 business leaders, representing employees in all 50 states, sent a joint letter to the Senate on…
Continue Reading Mortgage rates jump again, buyers head to the sideline
By MATT OTT AP Business Writer WASHINGTON (AP) — Average long-term U.S. mortgage rates jumped back up ahead of next week’s Federal Reserve…
Continue Reading Mortgage rates jump, jacking up monthly payments for new buyers
By Anna Bahney, CNN Business After taking a breather for several weeks, mortgage rates climbed again. The 30-year, fixed-rate mortgage averaged 5.23%…
Continue Reading Savings incentives: How 401(k)s get us to do the right thing
By STAN CHOE AP Business Writer NEW YORK (AP) — More workers are following experts’ advice in saving for retirement, even when finances feel…
Continue Reading EU urges Algeria to restore friendship treaty with Spain
By JOSEPH WILSON Associated Press BARCELONA, Spain (AP) — The European Union is urging Algeria to reverse its decision to suspend a two-decade-old…
Continue Reading Sheryl Sandberg’s Meta departure is the death knell for Lean In
By Nicole Goodkind, CNN Business The Covid-19 pandemic changed the nature of work in innumerable ways, some of which may not be fully discerned for…
Continue Reading Cyprus helps bust illicit sale of private data on Americans
NICOSIA, Cyprus (AP) — Cyprus police say they have seized servers that were used to sell social security numbers and other personal information…
Continue Reading Facebook fails again to detect hate speech in ads
By BARBARA ORTUTAY AP Technology Writer SAN FRANCISCO (AP) — The test couldn’t have been much easier — and Facebook still failed. Facebook…
Continue Reading More Americans apply for jobless benefits last week
By MATT OTT AP Business Writer WASHINGTON (AP) — More Americans applied for jobless aid last week, but the total number of Americans collecting…
Continue Reading Silicon Valley braces for the good times to end
Catherine Thorbecke, CNN Business For much of the past two decades, the ethos of Silicon Valley was largely defined by Facebook’s former motto:…
Continue Reading Apple retail workers in Maryland to begin voting in historic union election
CNN, CNN BUSINESS Catherine Thorbecke, CNN Business Apple workers at a retail outpost in Towson, Maryland, are set to begin voting on Wednesday in a…
Continue Reading European Central Bank confirms plans for first rate hike in 11 years
By Anna Cooban and Julia Horowitz, CNN Business The European Central Bank held off on raising interest rates on Thursday, but confirmed plans for a…
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