Markets are down, but these charts explain why investors shouldn’t panic
CNN By Nicole Goodkind, CNN Business What goes up must come down, and what goes bull must go bear. The conventional wisdom is that a bit of market…
Continue ReadingBiz/Tech
Markets are down, but these charts explain why investors shouldn’t panic
By Nicole Goodkind, CNN Business What goes up must come down, and what goes bull must go bear. The conventional wisdom is that a bit of market…
Continue Reading Opinion: It’s time to prepare for a recession
CNN, CNNBUSINESS Opinion by Lakshman Achuthan and Anirvan Banerji for CNN Business Perspectives The economy is close to entering a recession, perhaps…
Continue Reading Starbucks is leaving Russia for good
By Danielle Wiener-Bronner, CNN Business Starbucks is leaving Russia for good. The coffee company paused its operations and stopped shipments of its…
Continue Reading
For Americans, 2021 delivered healthiest finances in 8 years
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Americans’ financial health reached its highest level in nearly a decade last year,…
Continue Reading World Food Program chief presses billionaires ‘to step up’
By JAMEY KEATEN Associated Press DAVOS, Switzerland (AP) — The head of the U.N.’s World Food Program is telling billionaires it’s “time to…
Continue Reading Starbucks leaving Russian market, shutting 130 stores
By DEE-ANN DURBIN Starbucks is pulling out of the Russian market. In a memo to employees Monday, the Seattle coffee giant said it decided to close…
Continue Reading Re/Max CEO: Home prices can’t keep up double-digit gains
By ALEX VEIGA AP Business Writer LOS ANGELES (AP) — Nick Bailey, president and CEO of real estate brokerage Re/Max, talks to The Associated Press…
Continue Reading Goldman Sachs CEO calls subway shooting of employee a ‘senseless tragedy’
By Jordan Valinsky, CNN Business Goldman Sachs CEO David Solomon said he’s “devastated” about the shooting Sunday on a New York…
Continue Reading ‘Never have I been so ashamed’: Russian envoy criticizes war
By JAMEY KEATEN Associated Press DAVOS, Switzerland (AP) — A veteran Russian diplomat to the U.N. Office at Geneva says he handed in his…
Continue Reading Police seek public’s help in search for NYC subway shooter
NEW YORK (AP) — Mayor Eric Adams says investigators of a fatal shooting on a New York subway train have few leads. Adams said Monday that the…
Continue Reading The bull market minted millions of day traders. They’re in for a rough ride
By Allison Morrow, CNN Business In early 2021, in the midst of speculative stock market euphoria, a pair of day traders went viral on TikTok with a…
Continue Reading Germany urges Hungary to agree to a Russian oil embargo
By Anna Cooban, CNN Business Germany’s frustration over some European countries’ resistance to an embargo of Russia’s oil was laid…
Continue Reading EU to keep budget rules looser for longer amid war fallout
BRUSSELS (AP) — The European Union is extending looser limits on spending by member countries for an extra year in a bid to counter the economic…
Continue Reading Liz Weston: How to make more green at your next yard sale
By LIZ WESTON of NerdWallet Yard sales take hours of preparation and plenty of hard work. But they don’t all make money. If you’re looking to…
Continue Reading UK’s Boris Johnson awaits judgment of ‘partygate’ report
By SYLVIA HUI and JILL LAWLESS Associated Press LONDON (AP) — British Prime Minister Boris Johnson has been shadowed by career-threatening scandal…
Continue Reading Pfizer says 3 COVID shots protect children under 5
By LAURAN NEERGAARD AP Medical Writer Pfizer says three small doses of its COVID-19 vaccine protect kids under 5. The company released preliminary…
Continue Reading Spanish govt chides ex-king for failure to explain conduct
MADRID (AP) — A senior Spanish government official has rebuked Spain’s former king, saying Juan Carlos I should have used his first trip home…
Continue Reading ‘They ruined everything’: Fleeing the devastation in Ukraine
By ELENA BECATOROS Associated Press POKROVSK, Ukraine (AP) — Houses on fire. Artillery blasting through thick apartment walls. People hiding in…
Continue Reading Didi’s disastrous foray onto Wall Street is over
By Michelle Toh, CNN Business Shareholders voted Monday in favor of Didi’s plan to quit the New York Stock Exchange less than a year after…
Continue Reading Global economy faces ‘its biggest test’ since WWII
By Julia Horowitz, CNN Business The global economy is being brought to the edge of a precipice by crisis upon crisis. As the first World Economic…
Continue Reading Global economy faces ‘its biggest test’ since WWII
CNN, CNNBUSINESS By Julia Horowitz, CNN Business The global economy is being brought to the edge of a precipice by crisis upon crisis. As the first…
Continue Reading US, others say APEC walkout aimed at Russia over invasion
By DAVID RISING Associated Press BANGKOK (AP) — The United States and four other nations emphasized their support for host nation Thailand after…
Continue Reading Zelenskyy urges ‘maximum’ sanctions on Russia in Davos talk
By JAMEY KEATEN Associated Press DAVOS, Switzerland (AP) — Ukrainian President Volodymyr Zelenskyy is calling for “maximum” sanctions against…
Continue Reading First on CNN: White House explores tapping emergency diesel reserve to ease price spike
By Matt Egan, CNN The White House is considering an emergency declaration that would enable President Joe Biden to release diesel from a rarely used…
Continue Reading India ships rice, other essentials to crisis-hit Sri Lanka
By KRISHAN FRANCIS Associated Press COLOMBO, Sri Lanka (AP) — Sri Lanka received a first shipment of a $16 million humanitarian aid package from…
Continue Reading Asian shares mostly lower as inflation worries cloud outlook
By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian shares are mostly lower as worries over inflation temper optimism over President Joe…
Continue Reading After 3 months of war, life in Russia has profoundly changed
By The Associated Press When Vladimir Putin announced Russia’s invasion of Ukraine, the war seemed far away from Russian territory. Yet within…
Continue Reading Russian ties shred German ex-leader Schroeder’s standing
By GEIR MOULSON Associated Press BERLIN (AP) — Gerhard Schroeder left the German chancellery after a narrow election defeat in 2005 with an…
Continue Reading This Week: New home sales, Fed minutes, Macy’s results
The Associated Press The Commerce Department issues its April tally of new U.S. home sales Tuesday. The Federal Reserve releases minutes from its…
Continue Reading