EU proposes $140 billion plan to rein in soaring energy prices
CNN By Anna Cooban, CNN Business The European Union wants to raise €140 billion ($140 billion) by tapping the windfall earnings of some energy…
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Hurricane Ian could push food prices even higher
CNN, WINK, WFTX By Danielle Wiener-Bronner and Matt Egan Hurricane Ian is the latest natural disaster to impact food prices. The storm hitting…
Continue Reading The purple M&M is here, but not the way you might think
CNN, CNN BUSINESS By Danielle Wiener-Bronner, CNN Business Earlier this year, Mars shocked the internet when it unveiled new looks for its…
Continue Reading ‘Don’t Worry Darling’ was plagued with drama. It won the box office this weekend
CNN By Frank Pallotta, CNN Business It looks like “Don’t Worry Darling” didn’t have that much to worry about. The Warner…
Continue Reading UK mortgage borrowers are in for a nasty shock from soaring rates
CNN By Anna Cooban, CNN Business Millions of mortgage borrowers in the United Kingdom are bracing themselves for huge hikes to their monthly payments…
Continue Reading Mortgage rates surge, closing in on 7%
CNN By Anna Bahney, CNN Business Mortgage rates surged for the sixth week in a row, moving closer to 7%. The 30-year fixed-rate mortgage averaged…
Continue Reading McDonald’s is selling Happy Meals to adults — with a twist
CNN, CNN BUSINESS By Jordan Valinsky, CNN Business The Hamburglar is back at McDonald’s. But this time, it’s just for adults.…
Continue Reading Walmart enters the metaverse with Roblox experiences
CNN By Ramishah Maruf, CNN Walmart has entered the metaverse. The retail giant announced Monday it is launching two immersive online experiences with…
Continue Reading The bond market is crumbling. That’s bad for Wall Street and Main Street
CNN, CNNBUSINESS By Nicole Goodkind, CNN Business The global bond market is having a historically awful year. The yield on the 10-year US Treasury…
Continue Reading While DeSantis was flying legal asylum seekers to Martha’s Vineyard, business owners in his state were struggling for workers
CNN, CNNBUSINESS, WSVN By Vanessa Yurkevich, CNN For the past two years Jan Gautam has been filling in sporadically as a housekeeper at hotels in…
Continue Reading UK government forced to ditch plan to slash top rate of tax
CNN By Mark Thompson and Adam Renton, CNN The British government is reversing plans to scrap the highest rate of income tax, announcing the…
Continue Reading Dow plunges to its lowest level since 2020 to end another dismal week
CNN, CNN BUSINESS By David Goldman, CNN Business US stocks fell sharply in Friday trading as investors continued to worry about even more rate hikes…
Continue Reading Marc Benioff would buy Twitter if he could
CNN By Paul R. La Monica, CNN Business Marc Benioff is obsessed with Twitter. So much that he wishes he could own it. Benioff, Salesforce chairman…
Continue Reading Marc Benioff would buy Twitter if he could
CNN, CNNBUSINESS By Paul R. La Monica, CNN Business Marc Benioff is obsessed with Twitter. So much that he wishes he could own it. Benioff,…
Continue Reading Why Jamie Dimon apologized to Elizabeth Warren
CNN, CNN BUSINESS By Nicole Goodkind, CNN Business JPMorgan Chase CEO Jamie Dimon testified on Capitol Hill Thursday for the second straight day.…
Continue Reading Alex Jones admonished by judge as Sandy Hook defamation trial goes off the rails
CNN, WFSB By Oliver Darcy, CNN Business Conspiracy theorist Alex Jones tangled Thursday in an explosive courtroom exchange with an attorney for…
Continue Reading Alex Jones admonished by judge as Sandy Hook defamation trial goes off the rails
CNN By Oliver Darcy, CNN Business Conspiracy theorist Alex Jones tangled Thursday in an explosive courtroom exchange with an attorney for families of…
Continue Reading Kia, Hyundai are easy targets for thieves, insurance data confirms
CNN By Peter Valdes-Dapena, CNN Business Stealing older model Hyundai and Kia cars and SUVs became a scary social media trend. Now, data from the…
Continue Reading FedEx hikes package rates for 2023
CNN By Nathaniel Meyersohn and Chris Isidore, CNN Business FedEx will raise ground and express shipping rates by an average of 6.9% next year, the…
Continue Reading Rising mortgage rates hit home builders as buyers pull back
CNN, CNN BUSINESS By Paul R. La Monica, CNN Business Prospective home buyers are getting hit by a double whammy of bad news: Prices remain…
Continue Reading US dollar hits new 20-year high as Russia calls up reservists
CNN By Julia Horowitz and Anna Cooban, CNN Business The US dollar climbed to a new two-decade high on Wednesday after Russia said it was mobilizing…
Continue Reading Hong Kong stocks hit an 11-year low after historic Fed rate hike
CNN, WLOX, WRAL, WKYT By Laura He, CNN Business Hong Kong stocks hit their lowest level in more than a decade Thursday and other Asian markets also…
Continue Reading The Fed’s fight against inflation could cost the US 1.2 million jobs
CNN By Alicia Wallace, CNN Business In its efforts to bring down historic inflation and cool the economy, the Federal Reserve has used multiple…
Continue Reading What rising interest rates mean for you
CNN By Jeanne Sahadi, CNN Business In its continued bid to quash high inflation, the Federal Reserve on Wednesday raised the overnight bank lending…
Continue Reading Stocks sink as investors wait for the Fed’s rate hike
CNN By Paul R. La Monica, CNN Business So much for Wall Street sitting back and taking it easy while awaiting the Federal Reserve’s latest…
Continue Reading President Biden says America will get inflation under control. But it won’t be easy
CNN By Alicia Wallace, CNN Business President Joe Biden expressed optimism about the direction of the US economy Sunday, saying America will be able…
Continue Reading Next up for US unions: Major contracts for 700,000 workers
CNN By Chris Isidore, CNN Business The 11th hour deal that prevented a crippling strike at the nation’s freight railroads is the biggest win…
Continue Reading Fried chicken was cheap comfort food for South Koreans. Now a meal can cost $22
CNN By Michelle Toh and Yoonjung Seo, CNN Business Clark Park, a 35-year-old YouTuber, is one of many people in South Korea fed up with high food…
Continue Reading British pound hits a 37-year low as UK economy skids
CNN, CNNI By Julia Horowitz, CNN Business The British pound slumped to a 37-year low on Friday after new data showed that shoppers are pulling back…
Continue Reading Wall Street dodged a rail strike crisis, but there’s trouble ahead
CNN By Nicole Goodkind, CNN Business The announcement from the White House that a tentative deal has been reached to avert the first national rail…
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