Hot inflation dims likelihood Fed can achieve ‘soft landing’
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — For months, Chair Jerome Powell has held out hope that the Federal Reserve will be…
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Automakers ask Congress to lift electric vehicle tax cap
Associated Press NEW YORK (AP) — Major automakers are asking Congress to lift the cap on how many people can receive tax credits for buying a…
Continue Reading Cargo jet with Iranian crewmembers stuck in Argentina
By ALMUDENA CALATRAVA Associated Press BUENOS AIRES, Argentina (AP) — A jumbo jet-sized mystery has landed in the lap of Argentine officials.…
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Where to hide in a bear market? Soda, peanut butter and tissues
By Paul R. La Monica, CNN Business Stocks plunged again Monday, extending Friday’s losses and officially pushed the S&P 500 into bear…
Continue Reading Opinion: 3 signs the labor market isn’t as great as it looks
CNN Opinion by Beth Ann Bovino for CNN Business Perspectives As markets reel over fears that an inflation-induced recession is on the horizon, the…
Continue Reading Opinion: 3 signs the labor market isn’t as great as it looks
Opinion by Beth Ann Bovino for CNN Business Perspectives As markets reel over fears that an inflation-induced recession is on the horizon, the jobs…
Continue Reading Coca-Cola is putting Jack & Coke in a can
By Jordan Valinsky, CNN Business Drinking a Jack and Coke is about to become, somehow, even easier. Coca-Cola is partnering with Brown-Forman to make…
Continue Reading Bucolic Ukraine forest is site of mass grave exhumation
By OLEKSANDR STASHEVSKYI Associated Press BUCHA, Ukraine (AP) — The lush green beauty of a pine forest with singing birds contrasted with the…
Continue Reading Bitcoin plunges as major crypto lender halts operations
By KEN SWEET AP Business Writer NEW YORK (AP) — The price of bitcoin and other cryptocurrencies plummeted Monday after a major cryptocurrency…
Continue Reading Early bids for final charity lunch with Buffett top $3M
By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Bidding for a final, private lunch with Warren Buffett, an event that has raised tens of…
Continue Reading Men want pearls and they’re not afraid to wear them
By Parija Kavilanz, CNN Business Watch your pearls, ladies. The fellas are coming for them. Men are wearing pearl jewelry — necklaces, bracelets,…
Continue Reading Border agency: Illegal entries into EU up 82% this year
WARSAW, Poland (AP) — The agency monitoring the European Union’s external borders says that the number of detected illegal migration entries…
Continue Reading The Fed may have to do something it hasn’t done since 1994 to tame inflation
By Paul R. La Monica, CNN Business Just one month ago, Federal Reserve chairman Jerome Powell said that the central bank was not “actively…
Continue Reading Spain: Algeria’s ties with Russia behind row with Madrid
By CIARÁN GILES Associated Press MADRID (AP) — Spain’s economy minister has linked Algeria´s decision to suspend a decades-old friendship…
Continue Reading Dow tumbles 876 points and stocks enter bear market on worries of drastic rate hikes
By David Goldman, CNN Business US stocks have plunged into a bear market as Wall Street investors grew increasingly nervous about the prospect of…
Continue Reading Dow sinks 800 points and stocks enter bear market on worries of drastic rate hikes
CNN By David Goldman, CNN Business US stocks plunged into bear market territory Monday morning as Wall Street investors grew increasingly nervous…
Continue Reading The S&P 500 is in a bear market; here’s what that means
By STAN CHOE and ALEX VEIGA AP Business Writers NEW YORK (AP) — Wall Street is back in the claws of a bear market as worries about inflation and…
Continue Reading Prologis buying Duke Realty in $26 billion all-stock deal
Real estate investment trust Prologis is buying Duke Realty in an all-stock deal valued at about $26 billion. Duke Realty shareholders will receive…
Continue Reading Bitcoin plunges below $23,000 as the crypto meltdown continues
CNN, CNNBUSINESS By Anna Cooban, CNN Business Bitcoin and other cryptocurrencies continued to slide Tuesday as investors bailed out of risky assets…
Continue Reading Bitcoin plunges below $23,000 as the crypto meltdown continues
By Anna Cooban, CNN Business Bitcoin and other cryptocurrencies continued to slide Tuesday as investors bailed out of risky assets in anticipation of…
Continue Reading Tesla is trying an old trick to boost its stock. It may not work
By Julia Horowitz, CNN Business In recent years, when a company announced it was splitting its stock, Wall Street went wild. When Tesla revealed such…
Continue Reading Germany moves ahead with plan to legalize cannabis sales
BERLIN (AP) — The German government is setting in motion plans to legalize the sale of cannabis for recreational purposes, aiming to have…
Continue Reading Czech brewer Budvar reports record export increase in 2021
PRAGUE (AP) — Budvar, the Czech brewer that has been in a long legal dispute with U.S. company Anheuser-Busch over use of the “Budweiser”…
Continue Reading Germany slips behind China as top importer of Russian energy
BERLIN (AP) — An independent research group says China has overtaken Germany as the biggest buyer of Russian energy exports since the start of the…
Continue Reading Liz Weston: How to afford your meds and support your health
By LIZ WESTON of NerdWallet What you pay for a prescription drug varies enormously depending on your medication, pharmacy, insurance and other…
Continue Reading S. Korea truckers’ strike has local shocks, not global yet
By HYUNG-JIN KIM Associated Press SEOUL, South Korea (AP) — South Korea says that a weeklong strike by thousands of truckers in the country has…
Continue Reading UK moves to rewrite Brexit rules; EU threatens legal action
By SYLVIA HUI and DANICA KIRKA Associated Press LONDON (AP) — Britain’s government has unveiled legislation that would unilaterally change…
Continue Reading Ikea is considering closing another store in China
By Laura He, CNN Business Ikea has already shut one store in mainland China this year and could close another in Shanghai in early July. The Swedish…
Continue Reading China is encouraging college graduates to work in the countryside
By Laura He, CNN Business China is urging college graduates to seek jobs in the countryside as youth unemployment in urban areas soars to the highest…
Continue Reading United Arab Emirates bans Pixar’s ‘Lightyear’ from showing
By JON GAMBRELL Associated Press DUBAI, United Arab Emirates (AP) — The United Arab Emirates has banned the upcoming Pixar animated feature…
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