CNN - Business/Consumer Archives

The Federal Reserve Headquarters are pictured on March 21

The banking meltdown may have done the Fed’s work for it

March 22, 2023 10:49 AM CNN Newssource

By Nicole Goodkind, CNN Federal Reserve officials have a difficult path ahead of them. They still have work to do to bring inflation down, but their…

Police march in front of farmers during a protest against the central government's proposed agricultural reforms in Bangalore on March 22

Khalistan: The outlawed Sikh separatist movement that has Indian authorities on edge

March 22, 2023 8:11 AM CNN Newssource

By Rhea Mogul, CNN A colossal police hunt for a Sikh separatist who has revived calls for an independent homeland in India’s Punjab state has…

UK inflation rises to 10.4% as food prices soar

March 22, 2023 7:54 AM CNN Newssource

By Olesya Dmitracova and Hanna Ziady, CNN UK consumer prices jumped by 10.4% in February compared with a year ago, as food inflation hit its highest…

Asia Pacific shares opened higher on Wednesday

Asia Pacific shares join US gains as investors await key Fed decision

March 22, 2023 3:26 AM CNN Newssource

By Juliana Liu, CNN Asia Pacific shares opened higher on Wednesday, tracking US gains, as investors awaited the US Federal Reserve’s next…

A street vendor pushes a bicycle along a road in the old quarter in Hanoi

US companies including Netflix and Boeing join ‘biggest’ business mission to Vietnam

March 22, 2023 1:12 AM CNN Newssource

By Michelle Toh, CNN Dozens of American companies are in Vietnam this week in hopes of pushing further into the fast-growing Southeast Asian economy,…

A Good Meat takeout meal product is pictured here in Singapore.

Lab-grown chicken is one step closer to being sold in the US

March 21, 2023 10:11 PM CNN Newssource

By Danielle Wiener-Bronner, CNN Americans are one step closer to being able to buy chicken grown from animal cells, also known as lab-grown meat.…

Home prices fell in February. Pictured is a home for sale in Atlanta

Home prices just broke a decade-long streak

March 21, 2023 2:00 PM CNN Newssource

By Anna Bahney, CNN The median price of a US home was lower this February than it was in February 2022, ending more than a decade of year-over-year…

Many consumers are abandoning premium goods in favor of cheaper alternatives.

From groceries to clothes, inflation-weary Americans flock to cheaper products online

March 21, 2023 1:56 PM CNN Newssource

By Matt Egan, CNN Nearly two years of high inflation has caused many consumers to say goodbye to premium goods in favor of cheaper alternatives. New…

JPMorgan Chase is advising First Republic as the embattled regional bank tries to ease concerns about its financial condition.

JPMorgan is advising First Republic on another potential lifeline, sources say

March 21, 2023 1:34 PM CNN Newssource

By Matt Egan, CNN JPMorgan Chase’s investment bank has been hired to advise First Republic as the embattled regional bank tries to ease…

Credit Suisse began life in 1856 as the Schweizerische Kreditanstalt set up to finance the expansion of the railroad network and industrialization of Switzerland.

Credit Suisse’s gold bars, hats and bags are cropping up in online stores

March 21, 2023 1:33 PM CNN Newssource

By Anna Cooban, CNN Hats, bags and gold bars emblazoned with Credit Suisse’s logo are being sold on resale sites, having popped up mere hours…

Dominion wants to put Rupert Murdoch and his son Lachlan Murdoch

Judge in Dominion defamation case skeptical of Fox’s arguments, as both sides seek a pretrial win

March 21, 2023 1:24 PM CNN Newssource

By Marshall Cohen Lawyers for Dominion Voting Systems argued Tuesday that its defamation case against Fox News is so strong that a trial isn’t…

Janet Yellen: Further rescues of depositors could be needed if smaller lenders suffer bank runs

March 21, 2023 11:30 AM CNN Newssource

By Matt Egan, CNN The federal government could once again come to the rescue of uninsured bank depositors if smaller lenders suffer bank runs like…

Fed officials are expected to announce a policy rate on Wednesday along with new economic projections.

Five questions for the Federal Reserve as the banking crisis drags on

March 21, 2023 11:18 AM CNN Newssource

By Nicole Goodkind, CNN The Federal Reserve has a lot of balls in the air: Central bank officials are attempting to juggle their economic goals of…

A closed Bed Bath & Beyond store this year in Larkspur

Bed Bath & Beyond is closing hundreds of stores. But they won’t be empty for long

March 21, 2023 10:45 AM CNN Newssource

By Nathaniel Meyersohn, CNN Bed Bath & Beyond is stripping down its big blue signs, clearing out aisles of linens and closing 400 stores as it…

A Fox News producer is suing the network

Fox News producer files explosive lawsuits against the network, alleging she was coerced into providing misleading Dominion testimony

March 21, 2023 4:59 AM CNN Newssource

By Oliver Darcy, CNN A Fox News producer on Monday filed a pair of explosive lawsuits against the right-wing talk channel, alleging that the…

European and Asian stocks rose Tuesday as investor worries about the global banking turmoil ease. Pictured is the Hang Seng Index at Central district

Global stocks rise as investor worries about banking turmoil ease

March 21, 2023 3:37 AM CNN Newssource

By Michelle Toh and Anna Cooban, CNN Stocks around the world rose Tuesday as concerns about the global banking sector eased in response to a…

Sri Lanka on Monday secured a $3 billion loan from the International Monetary Fund to boost its crisis-hit economy. Pictured is a market in Colombo

Sri Lanka agrees $3 billion IMF loan in boost for crisis-hit economy

March 21, 2023 3:07 AM CNN Newssource

By Mitchell McCluskey and Rhea Mogul, CNN Sri Lanka on Monday secured a much-anticipated loan of about $3 billion from the International Monetary…

The Hollywood sign is seen as it is repainted in preparation for its 100th anniversary in 2023

Hollywood braces for potential strike as writers begin high-stakes talks with studios

March 21, 2023 2:16 AM CNN Newssource

By Oliver Darcy, CNN Hollywood is holding its breath. The Writers Guild of America commenced high-stakes negotiations with studios on Monday over a…

Dodge Challenger SRT Demon 170 can run a quarter mile in about 8.9 seconds.

Last Dodge Challenger makes 1,025 hp, has optional parachute attachments

March 21, 2023 1:00 AM CNN Newssource

By Peter Valdes-Dapena, CNN With Dodge’s legendary V8-powered muscle cars going out of production at year-end, engineers wanted the last…

Magic Johnson joins bid to buy the NFL’s Washington Commanders

March 20, 2023 11:17 PM CNN Newssource

By Matt Egan, CNN NBA legend Magic Johnson has joined a bid to acquire the NFL’s Washington Commanders from embattled owner Daniel Snyder. A…

CNN – Business/Consumer