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CNN Business News

Latest Business Updates from CNN - Read Today's All Business News

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Mortgage rates climb above 5% once again

2022-08-11 15:47:42 UTC

Mortgage rates climbed above 5% again, after dipping below that threshold for the first time in months a week earlier. While the volatility in mortgage rates remains, there are signs that the housing market is starting to stabilize.

Gas prices tumble below $4 for the first time in months

2022-08-11 09:29:46 UTC

Drivers in the United States can breathe a small sigh of relief — average gas prices have dropped below $4 a gallon for the first time since March.

Disney+ is getting more expensive... unless you want ads

2022-08-10 21:46:58 UTC

Disney+ just got more expensive. Unless you're willing to watch ads.

Nebraska teen and mother facing charges in abortion-related case that involved obtaining their Facebook messages

2022-08-10 20:12:03 UTC

A Nebraska mother and her 18-year-old daughter are facing multiple charges in a case that involved police obtaining Facebook messages between the two that authorities allege show evidence of an illegal self-managed medication abortion, as well as a plan to hide the remains.

Price hikes took a breather in July, fueling hopes that inflation has peaked

2022-08-10 13:28:44 UTC

Rising inflation poses a growing challenge for the Federal Reserve, which has committed to reining in soaring prices while trying to avoid plunging the economy into a recession.

Richer people are eating more at Applebee's and IHOP

2022-08-10 04:35:41 UTC

Cash-strapped consumers are starting to trade down, swapping higher-priced goods for more affordable alternatives. That's good news for Applebee's and IHOP.

Ford just raised the price of its electric F-150 by up to $8,500

2022-08-10 00:38:30 UTC

Ford on Thursday will once again begin taking orders for its popular F-150 Lightning electric pickup truck. But this time the base model of the pickup will cost about $7,000 more than before.

A third of Brits face poverty with energy bills set to hit $5,000

2022-08-09 16:53:25 UTC

Nearly one third of households in the United Kingdom will face poverty this winter after paying energy bills that are set to soar again in January, campaigners say.

Good inflation news: Online shopping prices are suddenly falling fast

2022-08-09 13:34:49 UTC

The world of online shopping was long immune to inflation until Covid-19 turned everything upside down.

Landmark climate and health care bill won't crush corporate profits, Goldman Sachs says

2022-08-09 06:32:02 UTC

Even as some business groups cry foul over the tax provisions in the Inflation Reduction Act, economists at Goldman Sachs say the landmark bill will barely put a dent in massive corporate profits.

The meme stock craze is back: AMC, GameStop and Bed Bath & Beyond soar

2022-08-08 22:23:24 UTC

Meme mania has returned to the stock market with a vengeance.

Gas prices have fallen. Here's why inflation hasn't

2022-08-08 18:42:29 UTC

Gas prices have been trending downward for more than 50 consecutive days, giving drivers some much-needed financial relief at the pump.

Legal trouble delays Trump SPAC deal as buyer seeks more time to complete merger

2022-08-08 17:47:36 UTC

After facing a series of regulatory obstacles, the shell company attempting to take over former President Donald Trump's social media platform needs to extend a looming deadline to complete the controversial deal.

The frontrunner to become the UK's next leader has a risky economic plan

2022-08-08 13:10:31 UTC

The frontrunner to replace Boris Johnson as the United Kingdom's next prime minister has a plan to fix the country's economy — but many economists aren't too happy about it.

The market read the Federal Reserve all wrong

2022-08-07 14:35:25 UTC

After the Federal Reserve's July meeting, investors quickly reached a consensus: The central bank was turning slightly dovish.

Knights, queens and strippers are helping fuel the spike in US unionizing efforts

2022-08-06 13:13:02 UTC

US strippers haven't successfully unionized since the effort at San Francisco's Lusty Lady in the 1990s, but the dancers at LA's Star Garden club are trying anyway — in an environment where more American workers are sensing their own power.

Gas prices are falling. So is interest in electric cars

2022-08-05 21:26:40 UTC

As gas prices rose in the the first three months of 2022, interest among car shoppers in hybrid and electric cars rose right along with it. That's not too surprising, since so-called "electrified" cars cost less to fuel than gasoline-only cars. And shopping interest in electrified cars also dropped when gas prices did, according to data from the auto shopping website Edmunds.com.

Workers in these two industries are the only ones coming out ahead right now

2022-08-05 19:14:21 UTC

At first glance, it looks like many Americans got big pay raises since the Covid-19 pandemic started.

Jury finds Alex Jones caused $4 million in damages to two Sandy Hook parents

2022-08-04 22:16:47 UTC

Right-wing talk show host Alex Jones will have to pay the parents of a Sandy Hook shooting victim a little more than $4 million in compensatory damages, a jury decided Thursday, capping a stunning and dramatic case that showcased for the public the real-world harm inflicted by viral conspiracy theories.

Friday's job report will likely show slower growth. That's what the Fed wants

2022-08-04 21:32:35 UTC

When the latest jobs report comes out on Friday, it very well could show the smallest number of positions added in the past 18 months.

Ex-Fed insider: A full-blown recession is 'almost certainly' coming

2022-08-04 18:36:04 UTC

The Federal Reserve's war on inflation will eventually kill the economic recovery from Covid-19, former Fed official Bill Dudley warns.

Mortgage rates drop below 5% for first time since April

2022-08-04 16:11:27 UTC

The 30-year fixed-rate mortgage averaged 4.99% in the week ending August 4, down from 5.3% the week before, according to Freddie Mac. But that is still significantly higher than this time last year when it was 2.77%.

China's military drills around Taiwan threaten to upend global trade

2022-08-04 13:12:20 UTC

China's live-fire military drills around Taiwan are threatening to disrupt trade and commercial travel in East Asia, forcing vessels to reroute away from one of the world's busiest waterways and putting further pressure on strained global supply chains.

Walmart is laying off corporate employees

2022-08-04 00:32:42 UTC

Walmart is laying off about 200 corporate employees, a person familiar with the matter told CNN, in a move that comes days after the retail giant issued a rare profit warning.

Here's why gas prices are sinking

2022-08-03 17:54:20 UTC

Prices at the pump continue to sink, providing relief to inflation-weary consumers and an economy mired in a slowdown.

OPEC agrees to produce slightly more oil as recession fears loom

2022-08-03 14:42:10 UTC

The world's oil-exporting countries have agreed to a tiny increase in output next month amid fears that a global recession will crimp demand.

China hits Taiwan with trade restrictions after Pelosi visit

2022-08-03 12:18:40 UTC

China has suspended some trade with Taiwan in apparent retribution for a visit by the US House Speaker Nancy Pelosi to the self-governing island.

The number of available jobs shrank in June

2022-08-03 03:42:23 UTC

The number of open jobs in the US shrank considerably in June, new data released Tuesday by the US Bureau of Labor Statistics showed.

Airbnb says demand is soaring even amid economic uncertainty

2022-08-02 22:53:15 UTC

Demand for Airbnb bookings continues to soar even as high gas prices and inflation weigh on consumers and the economy.

Americans are piling up credit card debt as they struggle to keep up with the high cost of living

2022-08-02 18:49:59 UTC

Americans are piling up credit card debt as they struggle to keep up with the high cost of living.

The summer stock rally could produce more pain

2022-08-02 15:38:03 UTC

Investors are anxious, tired and gloomy as they digest the worst start to the year since 1970 and try to chart a path forward. But you wouldn't know it from watching major stock indexes.

Nancy Pelosi's plan to visit Taiwan sends Chinese markets tumbling

2022-08-02 13:16:10 UTC

Global markets fell on Tuesday as investors feared US House Speaker Nancy Pelosi's expected visit to Taiwan could severely escalate tensions with China.

What's next for the US housing market

2022-08-02 02:59:44 UTC

So far this year, the real estate market has not been going the way many prospective homebuyers had hoped. Home prices -- already at all-time highs -- have continued to climb and mortgage rates have risen much faster than expected.

Here come the discounts at Walmart, Best Buy and Gap

2022-08-01 20:26:32 UTC

A glimmer of relief is emerging at the checkout aisle: the return of discounts.

Is this as good as it gets for Big Oil?

2022-08-01 17:53:08 UTC

The highest oil prices in a decade. A renewed government focus on energy security. Huge demand for refining crude so it can be used as fuel.

'Drill, baby, drill' is back in Europe as gas crisis looms

2022-08-01 13:07:31 UTC

Europe is desperate to secure gas supplies that can't be cut off at Moscow's whim. That means governments are approving new developments that had been on ice, despite climate concerns.

How the world's biggest four-day workweek trial changed people's lives

2022-08-01 08:22:55 UTC

Workers are fed up. More than two years into the pandemic, many have burned out, quit their jobs or are struggling to make ends meet as record inflation takes a huge bite out of their paychecks.

'A mountain that just keeps growing.' What to know about the e-waste left behind by your gadgets

2022-08-01 01:22:31 UTC

If you have one or more drawers filled with old gadgets and wires, you're not alone.

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