Christine Lagarde keeps options open as Europe grapples with ‘stagflation’
By Anna Cooban, CNN Business The European Central Bank still won’t say when it might start raising interest rates, even as inflation surges to…
Continue ReadingBiz/Tech
Israel successfully tests new laser missile defense system
By LAURIE KELLMAN Associated Press TEL AVIV, Israel (AP) — Israel’s leaders say the military’s laser defense system has successfully…
Continue Reading Clinton Health Access Initiative names Shah as new CEO
By GLENN GAMBOA AP Business Writer NEW YORK (AP) — The Clinton Health Access Initiative selected Dr. Neil Buddy Shah as its new CEO Thursday, a…
Continue Reading E-cigs using synthetic nicotine come under FDA oversight
By MATTHEW PERRONE AP Health Writer WASHINGTON (AP) — The Food and Drug Administration says it will begin cracking down on e-cigarettes that have…
Continue Reading Bank earnings signal dark clouds on the horizon
By Nicole Goodkind, CNN Business Wall Street’s biggest players have had a rough start to the year. All of the biggest US banks saw profits take…
Continue Reading US home prices are rising so fast, property taxes can’t keep up
By Anna Bahney, CNN Business With home prices skyrocketing by double-digit percentages over the last year, it would be no surprise if property taxes…
Continue Reading Amazon CEO Jassy says he wants to improve warehouse safety
Associated Press In his first letter to Amazon shareholders, CEO Andy Jassy offered a defense of the wages and benefits the company gives its…
Continue Reading Mortgage rates hit 5% for the first time in over a decade
By Anna Bahney, CNN Business Mortgage rates rose again this week, reaching 5% for the first time in over a decade. The 30-year fixed-rate mortgage…
Continue Reading Opinion: Revoking trade with Russia will deliver a powerful blow to its economy
Opinion by Senator Tom Carper and Senator John Cornyn for CNN Business Perspectives It’s been more than a month since Russia invaded Ukraine…
Continue Reading Big bank profits decline as deal-making, mortgages slow
By KEN SWEET AP Business Writer NEW YORK (AP) — Four big banks reported noticeable declines in their first quarter profits on Thursday, as the…
Continue Reading IMF chief: Ukraine war and inflation threaten global economy
By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The head of the International Monetary Fund warned that Russia’s war against Ukraine was…
Continue Reading Mukesh Ambani Fast Facts
CNN Editorial Research Here is a look at the life of Indian billionaire Mukesh Ambani, chairman and managing director of Reliance Industries Limited…
Continue Reading Smaller airlines pursue buyouts to bulk up amid recovery
By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — Air travel is expected to make close to a full recovery this year, and for airlines looking…
Continue Reading Company settles dog-leasing allegations for more than $900K
BOSTON (AP) — A California-based finance company has agreed to pay more than $900,000 to settle allegations that it was illegally leasing dogs in…
Continue Reading Retail sales rise 0.5% in March amid soaring inflation
By ANNE D’INNOCENZIO The Associated Press NEW YORK (AP) — Retail sales rose modestly in March, but higher prices for food, gasoline and other…
Continue Reading US jobless claims rise but remain near a half-century low
By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The number of people seeking unemployment benefits ticked up last week but remained at a…
Continue Reading Tesla issues 2nd recall for obstructing pedestrian warning
DETROIT (AP) — Tesla is recalling nearly nearly 595,000 vehicles in the U.S., most for a second time, because a “Boombox” function can play…
Continue Reading Turkey’s central bank keeps rate steady amid high inflation
ANKARA, Turkey (AP) — Turkey’s central bank has kept its main interest rate unchanged for a fourth month running even as surging inflation has…
Continue Reading Ex-ski resort exec gets 18 months in failed visa plan case
By LISA RATHKE Associated Press BURLINGTON, Vt. (AP) — The first of four men accused in a failed plan to build a biotechnology plant in Vermont…
Continue Reading Americans can’t afford gas. That’s bad news for beef jerky
By Nicole Goodkind, CNN Business Gas doesn’t just fuel cars, it also powers Marlboros, Red Bull, and Doritos. An estimated 80% of the fuel…
Continue Reading 75th Cannes to feature Cronenberg, Chan-wook and ‘Elvis’
By The Associated Press PARIS (AP) — With tensions around the war in Ukraine as a backdrop, the Cannes Film Festival plans to host some 35,000…
Continue Reading 4 Germans arrested over extremist blackout, kidnapping plan
By GEIR MOULSON Associated Press BERLIN (AP) — German authorities say four people have been arrested and have been weapons seized in an…
Continue Reading Anti-virus shutdowns in China spread as infections rise
By JOE McDONALD Associated Press BEIJING (AP) — Anti-virus controls are shutting down some of China’s biggest cities and fueling public…
Continue Reading NY AG launches gas price gouging investigation into the oil industry
By Matt Egan, CNN New York Attorney General Letitia James launched a wide-ranging investigation Thursday into whether the oil industry has engaged in…
Continue Reading Pfizer to seek COVID booster for healthy 5- to 11-year-olds
By LAURAN NEERGAARD AP Medical Writer Pfizer wants to expand its COVID-19 booster shots to healthy 5- to 11-year-olds. U.S. health authorities…
Continue Reading Elon Musk offers to buy Twitter
By Chris Isidore and Mark Thompson, CNN Business Elon Musk has made an offer to buy Twitter and take it private, saying he believes the company needs…
Continue Reading Elon Musk wants to buy Twitter, make it ‘maximally trusted’
By MICHELLE CHAPMAN, MATT O’BRIEN and TOM KRISHER AP Business Writers Tesla CEO Elon Musk has offered to buy Twitter outright. He says the…
Continue Reading UnitedHealth tops Q1 forecasts, raises 2022 outlook
By TOM MURPHY AP Health Writer UnitedHealth Group delivered a better-than-expected first quarter and raised its 2022 forecast, as growth in Medicare…
Continue Reading Elon Musk says his offer to buy Twitter is about ‘the future of civilization,’ not making money
CNN, CNNBUSINESS By Brian Fung, CNN Elon Musk defended his offer to purchase Twitter on Thursday, saying during an on-stage interview at the TED…
Continue Reading Elon Musk to buy Twitter in $44 billion deal
CNN, CNNBUSINESS By Clare Duffy, CNN Business Twitter said Monday it has agreed to sell itself to Elon Musk, who will take the company private in a…
Continue Reading