One more sign the housing market is cooling off
By Anna Bahney, CNN Business Another indication the hot housing market is cooling off? New residential construction and the number of permits issued…
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Musk appeals ruling that upheld securities fraud settlement
DETROIT (AP) — Tesla CEO Elon Musk is appealing a federal court ruling that upheld a securities fraud settlement over Musk’s tweets claiming that…
Continue Reading Disney delaying Florida campus but not because of tensions
LAKE BUENA VISTA, Fla. (AP) — The Walt Disney Co. is delaying by more than three years the opening of a campus in Florida to which 2,000 workers…
Continue Reading Amazon announces 2022 Prime Day dates
By Jordan Valinsky, CNN Business Amazon’s Prime Day sales event will be held on July 12 and 13, the company said Thursday. Last year’s…
Continue Reading Musk aims to ease concerns in address to Twitter workers
By BARBARA ORTUTAY AP Technology Writer In an unusual move for what’s been an unusual takeover bid for Twitter by the world’s richest man, Tesla…
Continue Reading Opinion: The Fed’s latest rate hike will be a disaster for the economy
Opinion by Desmond Lachman for CNN Business Perspectives History will not judge the Jerome Powell Federal Reserve kindly. First, it brought us…
Continue Reading WTO talks down to the wire with no major deals yet in sight
By JAMEY KEATEN Associated Press GENEVA (AP) — Talks are going down to the wire as the World Trade Organization is set to wrap up its first…
Continue Reading WWE boss Vince McMahon reportedly paid $3 million in hush money to cover up affair
By Frank Pallotta, CNN Business Vince McMahon, the CEO of WWE, is being investigated by the company’s board for agreeing to pay a secret $3…
Continue Reading EU unveils new ‘anti-disinformation code’ to crack down on fake accounts and falsehoods
By Brian Fung, CNN European Union officials on Thursday announced new, voluntary commitments by companies including Google, Facebook-parent Meta,…
Continue Reading Which Pixar film has rocketed to the top of the box office?
By Frank Pallotta, CNN Business Pixar is one of the most popular brands in animation as well as one of the most important studios in Disney’s…
Continue Reading UN agency: Third of Sudan’s population faces hunger crisis
By NOHA ELHENNAWY Associated Press CAIRO (AP) — The U.N. food agency says that a third of Sudan’ population is currently facing a food crisis due…
Continue Reading Ferrari to make 80% hybrid and full-electric range by 2030
MILAN (AP) — Italian luxury sportscar maker Ferrari on Thursday outlined an electrification strategy that calls for 40% full-electric vehicles and…
Continue Reading Mortgage rates hit 5.78%, the biggest weekly jump since 1987
By Anna Bahney, CNN Business Mortgage rates surged by more than half a percentage point this week amid rising inflation and an interest rate hike by…
Continue Reading Average US mortgage rates jump by most in 35 years
By MATT OTT AP Business Writer WASHINGTON (AP) — Average long-term U.S. mortgage rates made their biggest one-week jump in 35 years, one day after…
Continue Reading What the Fed rate hike means for you
By Matt Egan, CNN Business The Federal Reserve is stepping up its war on inflation. That means borrowing costs are going sharply higher for families…
Continue Reading EXPLAINER: Why Ukraine’s request to join is big test for EU
BRUSSELS (AP) — The European Union’s executive arm is preparing its recommendation on Ukraine’s request to join the EU. The European…
Continue Reading High gasoline prices crimping drivers’ spending at the pump
By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — Soaring gasoline prices have left many consumers with no choice but to cut spending on…
Continue Reading Firm behind popular US dollar stablecoin to launch Euro Coin
By KEN SWEET AP Business Writer NEW YORK (AP) — The cryptocurrency company Circle says it will start issuing its first euro-denominated…
Continue Reading McDonald’s to pay France $1.3 billion in tax fraud case
PARIS (AP) — McDonald’s France and related companies have agreed to pay over 1.2 billion euros ($1.3 billion) to the French state to settle a…
Continue Reading Iran allows exchange stores to trade in foreign currency
TEHRAN, Iran (AP) — Iran’s Central Bank has issued a directive allowing licensed exchange offices to resume buying and selling foreign currency,…
Continue Reading Fewer Americans apply for jobless aid last week
BY MATT OTT AP Business Writer WASHINGTON (AP) — Fewer Americans applied for unemployment benefits last week as the U.S. job market remains strong…
Continue Reading Qatar Airways posts record $1.5B profits ahead of World Cup
By AYA BATRAWY Associated Press DUBAI, United Arab Emirates (AP) — Qatar Airways, one of the Mideast’s largest carriers known for on-board…
Continue Reading Layoffs are on the rise in the midst of crypto winter
By Jennifer Korn, CNN Business Hao Jia was so convinced in the potential of cryptocurrencies that he passed up a job at a large tech firm, Oracle, to…
Continue Reading Angry protests hit India over new short-term military jobs
By ASHOK SHARMA Associated Press NEW DELHI (AP) — Violence has erupted in parts of India with thousands of angry youths setting train coaches and…
Continue Reading Revlon files for bankruptcy
By Jordan Valinsky, CNN Business Revlon, the 90-year-old cosmetics giant, filed for Chapter 11 bankruptcy protection because of its crippling debt…
Continue Reading Revlon files for bankruptcy
CNN By Jordan Valinsky, CNN Business Revlon, the 90-year-old cosmetics giant, filed for Chapter 11 bankruptcy protection because of its crippling…
Continue Reading Central banks are desperate to make up for past sins
By Julia Horowitz, CNN Business Central banks are racing to stay on top of rapidly changing economic and financial conditions as they try to contain…
Continue Reading EU beefs up disinformation code amid Russia fake news fears
By KELVIN CHAN AP Business Writer LONDON (AP) — The European Union is beefing up its code of practice on disinformation by enlisting more tech…
Continue Reading Revlon, beauty icon in crowded market, files for bankruptcy
By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Revlon, a cosmetics maker that broke racial barriers and dictated beauty trends for…
Continue Reading Lego will start building its bricks in the United States
CNN, CNNI By Jordan Valinsky, CNN Business Lego is planning to spend more than $1 billion to build a factory in the United States. The company…
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