Mortgage rates rise again, creeping closer to 7%
By Anna Bahney, CNN Business Mortgage rates rose again this week, stopping just short of the 7% mark. The 30-year fixed-rate mortgage averaged 6.94%…
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Chinese stocks tumble to multi-year lows in New York and Hong Kong amid party congress
By Laura He, CNN Business Chinese stocks have hit multi-year lows in New York and Hong Kong amid growing concerns about China’s rising Covid…
Continue ReadingGas prices are heading down, with or without Biden’s help
By Chris Isidore, CNN Business It’s not at all clear if President Joe Biden’s latest announcement that he’s releasing oil from the…
Continue ReadingTesla earnings rebound but will miss 50% growth target
By Chris Isidore, CNN Business Tesla posted a solid quarter of earnings and record revenue, but now says it will fall short of its target for a 50%…
Continue ReadingCovid’s WFH revolution helped fuel a baby boom
By Alicia Wallace, CNN Business Economic factors, not just lockdown-induced forced proximity, played a key role in last year’s “baby…
Continue Reading‘Serious concerns’: These senators are pushing back on the $25 billion Kroger-Albertsons merger
By Nathaniel Meyersohn, CNN Business The proposed $25 billion Kroger-Albertsons grocery giant merger is already running into significant opposition…
Continue ReadingWaymo to expand robotaxi service to Los Angeles
By Matt McFarland, CNN Business Waymo, the robotaxi provider of Google’s parent company Alphabet, said Wednesday that it will expand its…
Continue ReadingNestlé recalls some packages of Toll House cookie dough
By Jordan Valinsky, CNN Business Nestlé is issuing a voluntary recall for its refrigerated, ready-to-bake Nestlé Toll House Stuffed Chocolate Chip…
Continue ReadingNew home building retreated in September as rising mortgage rates scare off buyers
By Anna Bahney, CNN Home building pulled back in September, as buyers faced spiking mortgage rates that have made homes increasingly unaffordable.…
Continue ReadingNew IRS rules mean your paycheck could be bigger next year
By Jeanne Sahadi, CNN Business Inflation may be pushing prices up, but it also may help push up your take-home pay starting next year. Thanks to…
Continue ReadingGlobal CO2 emissions from fossil fuels to rise by less than 1% this year as renewables and EVs take off
By Angela Dewan, CNN Finally, some good news in the battle against greenhouse gasses: Carbon dioxide (CO2) emissions from the burning of fossil fuels…
Continue ReadingIt’s been 35 years since the epic Black Monday crash. What have investors learned?
By Paul R. La Monica, CNN Business October 19, 1987. A brief but violent stock market crash. Can it happen again? Probably not. The Dow plummeted…
Continue ReadingUK inflation back at 40-year high as food prices soar
By Hanna Ziady, CNN Business Rising food and energy costs drove UK inflation back to a 40-year high in September, but it could be nearing a peak as…
Continue ReadingFacing brain drain, Hong Kong plans $3.8 billion ‘trawl’ for global talent
By Michelle Toh, CNN Business Hong Kong wants international firms to know it means business. The city’s leader, Chief Executive John Lee,…
Continue ReadingHow the Gandhis went from ‘Kennedys of India’ to the political wilderness
By Rhea Mogul, CNN He has about 2,500 kilometers to go until his journey is complete. But the great-grandson of India’s first prime minister…
Continue ReadingAmerica’s emergency oil stockpile is at a 38-year low but it’s still got firepower left
By Matt Egan and Phil Mattingly, CNN Presidents don’t have magic wands to make inflation disappear. But they do have a powerful tool that can…
Continue ReadingIPhone maker Foxconn wants to dominate electric car manufacturing
By Peter Valdes-Dapena, CNN Business Foxconn, the Taiwanese company best known for building Apple’s iPhones, recently showed off two new…
Continue ReadingNetflix is back to growing after a nightmare year of losing subscribers
By Frank Pallotta, CNN Business After two quarters of bleeding subscribers, Netflix appears to be back on track — in a big way. The streaming…
Continue ReadingNFL adds first-ever Black Friday game exclusively for Amazon
By Frank Pallotta, CNN Business The NFL is expanding its hold on Thanksgiving weekend and building its relationship with Amazon and the world of…
Continue ReadingGirl Scouts of the USA receive largest ever donation from single donor
by Devon M. Sayers Girl Scouts of the USA received its largest ever donation from a single individual, a gift of $84.5 million from MacKenzie Scott,…
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