EXPLAINER: Just how high is the risk of another recession?
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Inflation is at a 40-year high. Stock prices are sinking. The Federal Reserve is…
Continue ReadingBiz/Tech
The stock market is demanding the Fed take historic action on inflation
By David Goldman, CNN Business The stock market won’t be satisfied unless the Federal Reserve takes drastic action on inflation. Investors now…
Continue Reading How bears and bulls became Wall Street’s mascots
By Allison Morrow, CNN Business Bears. Bulls. Two big, scary mammals that serve as Wall Street shorthand for the stock market’s general mood.…
Continue Reading Biden focuses on workers as high inflation remains a risk
By DARLENE SUPERVILLE and JOSH BOAK Associated Press PHILADELPHIA (AP) — President Joe Biden told the largest federation of labor unions on Tuesday…
Continue Reading Russia bans UK journalists, defense officials from entering
MOSCOW (AP) — Russia has banned dozens of British media and defense figures from entering the country. The Russian foreign ministry on Tuesday…
Continue Reading No recession alarm bells for Corporate America … yet
By Paul R. La Monica, CNN Business Recession fears may be raging on Wall Street and Main Street, but there are still some potentially good signs for…
Continue Reading Russia lowers gas flows to Europe with part stuck in Canada
By The Associated Press Russian state-controlled energy giant Gazprom says gas deliveries through a key pipeline to Europe will drop by around 40%…
Continue Reading Elon Musk is set to take questions from Twitter employees for first time
By Clare Duffy, CNN Business Elon Musk is set to field questions directly from Twitter employees later this week for the first time since he agreed…
Continue Reading Russia is ‘hemorrhaging’ millionaires
By Anna Cooban, CNN Business Millionaires are leaving Russia in droves after the country invaded Ukraine and the West imposed sanctions. Almost three…
Continue Reading Spirit Air engages with JetBlue ahead of shareholder vote
NEW YORK (AP) — Spirit Airlines, the target of a budget airline bidding war, said Tuesday that its board has been in talks with JetBlue about last…
Continue Reading West Virginia cash-for-worker program welcomes new residents
By JOHN RABY Associated Press CHARLESTON, W.Va. (AP) — A program offering cash incentives for out-of-state workers to move to West Virginia has…
Continue Reading Mexican government prodding its farmers to grow more food
By MARÍA VERZA Associated Press MEXICO CITY (AP) — Mexico’s government wants citizens to produce more of their own food in a move toward…
Continue Reading Gas prices are rising, so it’s a good thing some vehicles are secretly hybrids
CNN, KOVR By Peter Valdes-Dapena, CNN Business With gas prices passing $5 a gallon in many places, drivers may wish that they had a hybrid vehicle.…
Continue Reading Gas prices are rising, so it’s a good thing some vehicles are secretly hybrids
By Peter Valdes-Dapena, CNN Business With gas prices passing $5 a gallon in many places, drivers may wish that they had a hybrid vehicle. In fact,…
Continue Reading All of Joe Biden’s stock market gains have evaporated
By Paul R. La Monica, CNN Business Joe Biden may not be as obsessed with the stock market as his predecessor was — at least not publicly. But…
Continue Reading Bronx Zoo elephant named Happy isn’t a person, court rules
By MICHAEL HILL Associated Press ALBANY, N.Y. (AP) — Happy the elephant may be intelligent and deserving of compassion, but she cannot be…
Continue Reading Group of NATO leaders pledge support for Ukraine
By MIKE CORDER Associated Press THE HAGUE, Netherlands (AP) — The leaders of seven NATO nations from across Europe have pledged their support for…
Continue Reading Coinbase lays off 18% of its workforce and warns of ‘crypto winter’
By Jordan Valinsky, CNN Business Crypto exchange Coinbase is laying off 18% of its employees as the digital currency market continues to crumble. CEO…
Continue Reading Lin-Manuel Miranda helps launch Latinx LGBTQ support program
By GLENN GAMBOA AP Business Writer “Hamilton” creator Lin-Manuel Miranda, pop star Ricky Martin and award-winning actress/singer Michaela Jae…
Continue Reading US producer prices soar 10.8% in May as energy costs spike
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — U.S. producer prices surged 10.8% in May from a year earlier, underscoring the ongoing…
Continue Reading Key inflation measure slows slightly, but remains uncomfortably high
By Chris Isidore, CNN Business A key inflation reading showed a glimmer of hope on Tuesday, revealing a slight slowdown in rising prices —…
Continue Reading ‘In our hearts’: London remembers 72 Grenfell fire victims
By SYLVIA HUI Associated Press LONDON (AP) — Prince William and British politicians have joined in memorial services to mark five years since 72…
Continue Reading Key inflation measure slows slightly, but remains uncomfortably high
CNN By Chris Isidore, CNN Business A key inflation reading showed a glimmer of hope on Tuesday, revealing a slight slowdown in rising prices —…
Continue Reading Key inflation measure slows slightly, but remains uncomfortably high
CNN, CNNBUSINESS By Chris Isidore, CNN Business A key inflation reading showed a glimmer of hope on Tuesday, revealing a slight slowdown in rising…
Continue Reading Coinbase Global plans to cut 1,100 jobs, or 18% of staff
By The Associated Press Coinbase Global says it plans to cut about 1,100 jobs, or approximately 18% of its global workforce, as part of a…
Continue Reading Turkish national carrier to change name to ‘Türkiye’ airline
ANKARA, Turkey (AP) — President Recep Tayyip Erdogan said Tuesday the Turkish national carrier will rebrand as “Türkiye Hava Yolları” instead…
Continue Reading Charter business thrives as US-expelled Haitians flee Haiti
By JULIE WATSON, GISELA PEREZ de ACHA, KATIE LICARI, TRENTON DANIEL and PATRICIA LUNA Associated Press SANTIAGO, Chile (AP) — With jokes, upbeat…
Continue Reading US failed to stop fraud in COVID loan program, Clyburn says
By JENNIFER McDERMOTT and GEOFF MULVIHILL Associated Press The U.S. failed to take basic steps at the start of the coronavirus pandemic to prevent…
Continue Reading Musk to address Twitter employees for 1st time this week
Associated Press Elon Musk will address Twitter employees Thursday for the first time since the billionaire and Tesla CEO offered $44 billion to buy…
Continue Reading Bonds are sending a stark message about the economy
By Julia Horowitz, CNN Business Turmoil in stocks has been grabbing headlines. But warning signs are also flashing in global bond markets, revealing…
Continue Reading