Central banks are desperate to make up for past sins
By Julia Horowitz, CNN Business Central banks are racing to stay on top of rapidly changing economic and financial conditions as they try to contain…
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Lego will start building its bricks in the United States
By Jordan Valinsky, CNN Business Lego is planning to spend more than $1 billion to build a factory in the United States. The company announced…
Continue ReadingShopping in stores is back and thriving. Here’s why
By Nathaniel Meyersohn, CNN Business The Covid-19 pandemic was expected to turn us all into permanent online shoppers, never to set foot in physical…
Continue ReadingBank of England hikes interest rates again as inflation heads towards 11%
By Anna Cooban, CNN Business The United Kingdom’s central bank has hiked interest rates for a fifth time since December in a bid to tame…
Continue ReadingEurope is making it much harder for Russia to ship oil anywhere
By Julia Horowitz, CNN Business The European Union’s embargo on 90% of the oil it imports from Russia is the toughest punishment it’s…
Continue ReadingGlobal markets and US futures turn lower after Fed rate hike
By Laura He, CNN Business European markets and US stock futures fell Thursday, a day after the Fed got tough on inflation with its biggest rate hike…
Continue ReadingLayoffs are on the rise in the midst of crypto winter
By Jennifer Korn, CNN Business Hao Jia was so convinced in the potential of cryptocurrencies that he passed up a job at a large tech firm, Oracle, to…
Continue ReadingApple retail workers in Maryland to begin voting in historic union election
Catherine Thorbecke, CNN Business Apple workers at a retail outpost in Towson, Maryland, are set to begin voting on Wednesday in a union election,…
Continue ReadingReal estate job cuts: Redfin and Compass announce layoffs
By Anna Bahney, CNN Business Mortgage rates are climbing, home sales are dropping and some of the nation’s largest real estate companies are…
Continue ReadingTwo students sue shipping giant Maersk, alleging sexual assault and harassment
By Blake Ellis and Melanie Hicken, CNN An 18-year-old US Merchant Marine Academy student who was repeatedly harassed and groped by older, male crew…
Continue ReadingFed hikes interest rates by three-quarters of a percentage point in boldest move since 1994
By Nicole Goodkind, CNN Business The Federal Reserve raised interest rates by three-quarters of a percentage point on Wednesday in an aggressive move…
Continue ReadingTriple whammy for European gas supplies sends prices soaring
By Anna Cooban, CNN Business Europe’s natural gas supply has suffered its third blow in 48 hours, sending prices rocketing 42% higher from…
Continue ReadingManufacturing CEOs are worried about a recession
Originally Published: 15 JUN 22 10:31 ET Updated: 15 JUN 22 12:35 ET By Matt Egan, CNN Business (CNN) — High inflation and rising recession risks…
Continue ReadingEnd of an era: Microsoft retires Internet Explorer
By Jennifer Korn and David Goldman, CNN Business After nearly 27 years, an iconic Microsoft product is finally being put to rest. Internet Explorer…
Continue ReadingManufacturing CEOs are worried about a recession
By Matt Egan, CNN Business High inflation and rising recession risks are darkening the mood in the manufacturing industry. Fifty-nine percent of…
Continue ReadingHere’s why crypto experts are shrugging off the bitcoin crash
By Nicole Goodkind, CNN Business Cryptocurrency is having a terrible week. And it’s only Wednesday. Still, long-term investors are shrugging…
Continue ReadingEnd of an era: Microsoft retires Internet Explorer
By Jennifer Korn and David Goldman, CNN Business After nearly 27 years, an iconic Microsoft product is finally being put to rest. Internet Explorer…
Continue ReadingBill Gates says crypto and NFTs are a sham
By Jordan Valinsky, CNN Business Don’t count Bill Gates among the fans of cryptocurrencies and NFTs. Those digital asset trends are “100%…
Continue ReadingConsumers pull back spending due to high gas and food prices
By Chris Isidore, CNN Business The high cost of gas and food is causing US consumers to pull back spending on other items, suggesting a slowdown in…
Continue ReadingTeslas using driver-assist systems were involved in 273 crashes over the past 9 months, according to NHTSA
By Matt McFarland, CNN Business The National Highway Traffic Safety Administration released on Wednesday nine months of crash data from vehicles…
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