Mortgage rates fall slightly, but offer little relief to buyers
By Anna Bahney, CNN Business Mortgage rates fell for a second consecutive week, but still remain above 5%. The 30-year, fixed-rate mortgage averaged…
Continue ReadingBiz/Tech
Macy’s raises annual profit outlook on strong Q1 results
By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Shoppers’ return to occasion dressing helped to power Macy’s fiscal first-quarter…
Continue Reading Explosion at Spanish plant leaves 2 dead; 250 kids evacuated
MADRID (AP) — Police in Spain say an explosion at a biodiesel plant has left two people dead and forced 250 children to be evacuated from the area.…
Continue Reading Alibaba reports slowest growth yet amid COVID-19 outbreaks
By ZEN SOO Associated Press HONG KONG (AP) — Alibaba Group Holding on Thursday reported a single-digit increase in its fourth-quarter revenue, its…
Continue Reading Doctors, hospitals in crisis-hit Lebanon go on 2-day strike
BEIRUT (AP) — Dozens of doctors, nurses and medical personnel have rallied outside the Central Bank in the Lebanese capital of Beirut after…
Continue Reading Japan to resume tourism in June; only packaged tour for now
By MARI YAMAGUCHI Associated Press TOKYO (AP) — Japan will open its borders to foreign tourists in June for the first time since imposing tight…
Continue Reading Val Kilmer was once one of Hollywood’s biggest stars. ‘Top Gun: Maverick’ could be his last role
By Frank Pallotta, CNN Business “Top Gun: Maverick” hits theaters this weekend, marking the return of one of the biggest movie stars of…
Continue Reading Val Kilmer was once one of Hollywood’s biggest stars. ‘Top Gun: Maverick’ could be his last role
PARAMOUNT PICTURES By Frank Pallotta, CNN Business “Top Gun: Maverick” hits theaters this weekend, marking the return of one of the…
Continue Reading ‘Top Gun: Maverick’ jets to new box office record
CNN, CNN BUSINESS By Frank Pallotta, CNN Business “Top Gun: Maverick” took off at the box office this weekend — setting a new record in…
Continue Reading Which Tom Cruise film has made the most at the ticket booth?
By Frank Pallotta, CNN Business Tom Cruise is one of the most popular movie stars in Hollywood history. The actor has had a 40 year career of hits…
Continue Reading US economy shrank by 1.5% in Q1 but consumers kept spending
By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The U.S. economy shrank in the first three months of the year even though consumers and…
Continue Reading The US economy shrank slightly faster in the first quarter
CNN, CNNBUSINESS By Anneken Tappe, CNN Business America’s economy shrank in the first quarter of the year at a slightly faster rate than…
Continue Reading The US economy shrank slightly faster in the first quarter
By Anneken Tappe, CNN Business America’s economy shrank in the first quarter of the year at a slightly faster rate than initially reported, the…
Continue Reading Retailers’ troubles sound the alarm for rest of economy
By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — The fastest inflation in 40 years squeezed retailers during the first quarter, alarming…
Continue Reading Fewer Americans apply for jobless benefits last week
By MATT OTT AP Business Writer WASHINGTON (AP) — Fewer Americans applied for jobless aid last week as the number of Americans collecting…
Continue Reading UK hits oil and gas companies with $6 billion windfall tax
By Anna Cooban, CNN Business The UK government is introducing a £5 billion ($6.3 billion) tax on the windfall profits of its oil and gas companies,…
Continue Reading Crypto is dead. Long live crypto
By Allison Morrow, CNN Business The deepening chasm between the crypto evangelists and naysayers may never have been as stark. On Wednesday,…
Continue Reading Virtual learning apps tracked and shared kids’ data and online activities with advertisers, report says
By Samantha Murphy Kelly, CNN Business Millions of students who participated in virtual learning during the Covid-19 pandemic had their personal data…
Continue Reading As CEO pay grows even bigger, so does its complexity
By STAN CHOE AP Business Writer NEW YORK (AP) — Within the eight- and even nine-figure sums trumpeted for CEOs each year, just a small portion is…
Continue Reading Pay for female CEOs rose 26% in 2021, but ranks remain small
By MAE ANDERSON AP Business Writer NEW YORK (AP) — Pay packages for the women who run S&P 500 companies jumped in 2021 as the economy recovered…
Continue Reading Spain vows legal reforms in wake of spying allegations
MADRID (AP) — The Spanish government will tighten judicial control over the country’s intelligence agency. Prime Minister Pedro Sánchez made the…
Continue Reading How AP and Equilar calculated CEO pay
The Associated Press For its annual analysis of CEO pay, The Associated Press used data provided by Equilar, an executive data firm. Equilar examined…
Continue Reading How much the top-paid male, female CEOs made in 2021
The Associated Press Expedia’s Peter Kern and Warner Bros. Discovery’s David Zaslav are among the top paid CEOs in the S&P 500 index.…
Continue Reading Turkish central banks keeps rate at 14% despite inflation
ISTANBUL (AP) — Turkey’s central bank kept its main interest rate unchanged for a fifth month running despite an annual inflation rate of nearly…
Continue Reading CEO pay rose 17% in 2021 as profits soared; workers trailed
By STAN CHOE AP Business Writer NEW YORK (AP) — Pay for CEOs who run the biggest U.S. companies soared 17.1% last year, up to a median of $14.5…
Continue Reading Jimmy Kimmel becomes emotional after Texas shooting: ‘These are our children’
CNN, HLN By Frank Pallotta, CNN Business Jimmy Kimmel delivered yet another emotional plea to America’s lawmakers after a mass shooting in…
Continue Reading Jimmy Kimmel becomes emotional after Texas shooting: ‘These are our children’
By Frank Pallotta, CNN Business Jimmy Kimmel delivered yet another emotional plea to America’s lawmakers after a mass shooting in America. The…
Continue Reading Japan’s troubled Toshiba proposes outside directors to board
By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Troubled Japanese technology giant Toshiba has announced some additions to its proposed leadership…
Continue Reading Big tech deals keep coming: Broadcom buys VMware for $61B
By MICHELLE CHAPMAN AP Business Writer Computer chip and software maker Broadcom will spend about $61 billion to acquire the cloud technology company…
Continue Reading UK touts help for energy bills; seeks to forget ‘partygate’
By JILL LAWLESS and SYLVIA HUI Associated Press LONDON (AP) — Britain’s Conservative government unveiled a 15 billion pound ($19 billion)…
Continue Reading