Shipping giant Maersk warns of ‘dark clouds on the horizon’
By Julia Horowitz, CNN Business The spike in shipping rates since the onset of the pandemic has been a huge boon for Maersk. But the Danish shipping…
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How steep fed rate hikes affect your finances
By CORA LEWIS Associated Press NEW YORK (AP) — Mortgage rates continue to jump, home sales slump and credit cards and auto loans increase. Savings…
Continue Reading Ukrainian official: Musk to keep funding key satellite links
By BARRY HATTON Associated Press LISBON, Portugal (AP) — A senior Ukrainian government official says Elon Musk has given assurances to Ukraine that…
Continue Reading Elon Musk hints that Donald Trump will not be back on Twitter before the midterms
By Clare Duffy, CNN Business Elon Musk indicated on Wednesday that the Twitter account of former President Donald Trump will not be restored ahead of…
Continue Reading Ford quality chief retires as CEO tries to boost reliability
By TOM KRISHER AP Auto Writer DETROIT (AP) — Ford Motor Co.’s top quality executive is retiring as the company continues to struggle with high…
Continue Reading USDA says more than $200M will help meat processors expand
By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — The Agriculture Department has announced more than $223 million in grants and loans to help…
Continue Reading Hunt for deep sea minerals draws scrutiny amid green push
By DÁNICA COTO Associated Press SAN JUAN, Puerto Rico (AP) — Deep sea mining is getting a close look this week as scientists, lawyers and…
Continue Reading Germany to force plastic makers to help pay for cleanups
BERLIN (AP) — The German government says that it plans to make plastic manufacturers contribute to the cost of cleaning up litter in streets and…
Continue Reading A decade of rising house prices is over. The UK economy will feel the pain
By Anna Cooban and Hanna Ziady, CNN Business For years, home ownership in Britain has been a one-way bet. Prices have climbed steadily since the…
Continue Reading Biden spending $4.5 billion to help lower home heating costs
By MATTHEW DALY Associated Press WASHINGTON (AP) — The Biden administration is making $4.5 billion available through a low-income home energy…
Continue Reading Estee Lauder among multinationals hit by China lockdowns
By MICHELLE CHAPMAN AP Business Writer The devastating effects of COVID-19 lockdowns in China overshadowed a strong quarter at Estee Lauder and…
Continue Reading European Central Bank pushes banks to speed up climate work
By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — The European Central Bank is warning that many financial institutions are moving too…
Continue Reading Tony Hawk uses skateboarding to teach community organizing
By GLENN GAMBOA AP Business Writer Sara Campos remembers being inspired to start skateboarding after playing Tony Hawk videogames on the California…
Continue Reading Maersk 3Q profit surges but shipper warns of ‘dark clouds’
COPENHAGEN, Denmark (AP) — The world’s biggest container shipping company Maersk has reported a substantially improved third quarter profit and…
Continue Reading From Apple to Disney, China’s Covid curbs are again hurting business
By Diksha Madhok and CNN’s Beijing bureau It has been almost three years since Covid-19 first hit China, but the country’s relentless…
Continue Reading These baristas are leading a nationwide campaign to unionize Starbucks. It came at a cost
By Chris Isidore, CNN Business They came from very different backgrounds and different parts of the country, each with different reasons for seeking…
Continue Reading Workers vote against first unionizing effort at Home Depot
CNN, CNN BUSINESS By Chris Isidore, CNN Business Workers at a Home Depot in Philadelphia overwhelmingly voted against becoming the first store in the…
Continue Reading Wall Street’s recent love affair with the Fed could turn on a dime
By Nicole Goodkind, CNN Business Fed decision day is here — and so is some potential bad news for the market. That’s because investors have…
Continue Reading Why booking travel on your phone is a bad idea
By SAM KEMMIS of NerdWallet Online shopping, including travel shopping, has shifted from desktop to mostly mobile devices. Yet, research on shopping…
Continue Reading UK leader reverses decision not to attend UN climate talks
LONDON (AP) — U.K. Prime Minister Rishi Sunak has reversed an earlier decision not to attend the U.N. climate summit in Egypt. Sunak’s office…
Continue Reading CVS Health tops forecasts, reserves billions for settlement
By TOM MURPHY AP Health Writer CVS Health booked a third-quarter loss of more than $3 billion after setting aside money for a potential opioid…
Continue Reading CVS, Walgreens announce opioid settlements totaling $10B
By GEOFF MULVIHILL Associated Press The two largest U.S. pharmacy chains, CVS Health and Walgreen Co., announced agreements in principle Wednesday to…
Continue Reading Edmunds compares: Volkswagen Arteon vs Kia Stinger
By MICHAEL CANTU Edmunds The number of sedans on the market has been dwindling for years. Fortunately, there are two compelling choices left that…
Continue Reading Russia rejoins deal on wartime Ukrainian grain exports
By ANDREW MELDRUM and SUZAN FRASER Associated Press KYIV, Ukraine (AP) — Russia agreed Wednesday to rejoin a wartime agreement that allows…
Continue Reading What will the Fed do next? Follow the economy, not what Jerome Powell says
CNN, CNNBUSINESS By Paul R. La Monica, CNN Business The stock market has been on a roller coaster ride, largely because of Wall Street’s…
Continue Reading The Fed makes history with a fourth straight three-quarter-point rate hike
By Nicole Goodkind, CNN Business The Federal Reserve approved a fourth-straight rate hike of three-quarters of a percentage point on Wednesday as…
Continue Reading Biden’s stock market record so far is the second worst since Jimmy Carter
CNN, CNN BUSINESS By Matt Egan, CNN Business The stock market started the Biden era with a boom. But it heads into the midterm election looking more…
Continue Reading Leaders conclude 31st Arab League summit in Algeria
By FAY ABUELGASIM and BARBARA SURK Associated Press ALGIERS, Algeria (AP) — Leaders have concluded a two-day summit of the Arab League in Algeria.…
Continue Reading This is what Starbucks’ 25th anniversary holiday cups look like
By Jordan Valinsky, CNN Business This year marks the 25th anniversary of Starbucks’ holiday cups, an annual tradition that unofficially rings…
Continue Reading China’s Xi affirms commitment to Pakistan economic ties
BEIJING (AP) — Chinese President Xi Jinping has affirmed his country’s commitment to invest in Pakistan despite a slowdown in recent years.…
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