Wage growth cools in a positive sign for the Fed
CNN By Bryan Mena, CNN Washington, DC (CNN) — Wages gains cooled in the second quarter, showing some easing of inflationary pressures,…
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The Fed’s favorite inflation measure cooled down even further in June
By Alicia Wallace, CNN Minneapolis (CNN) — Another key economic report further propped up the idea that a soft landing is not only possible,…
Continue ReadingExxonMobil earnings fell on sinking oil prices
By Chris Isidore, CNN New York (CNN) — ExxonMobil’s profit fell sharply in the second quarter on lower oil and natural gas prices, leaving…
Continue ReadingEurope’s recession may already be over
By Mark Thompson, CNN (CNN) — Solid economic growth in France and Spain, and a very modest recovery in Germany could be enough to confirm that…
Continue ReadingJapan sends yen soaring and stocks tumbling with hint it could join rate-hiking party
By Laura He, CNN (CNN) — Japan’s central bank kept interest rates unchanged Friday despite rising inflation but hinted that it could…
Continue ReadingBollywood film ‘Bawaal’ accused of trivializing Holocaust and demeaning victims
By Rhea Mogul, CNN New Delhi (CNN) — A Bollywood film has been accused of trivializing the murder of millions during the Holocaust with…
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‘Barbenheimer’ is stimulating the economy
By Matt Egan, CNN New York (CNN Business) — “Barbie” and “Oppenheimer” have been such blockbuster movies that their impact appears to…
Continue ReadingOreo maker increases growth forecast thanks to demand for cookies, sweets
By Ramishah Maruf, CNN New York (CNN) — The maker of Oreo and Cadbury Dairy Milk chocolate is thanking an increased demand for sweets in the…
Continue ReadingChick-fil-A wants to send your drive-thru chicken on a conveyor belt and down a chute
By Danielle Wiener-Bronner, CNN New York (CNN) — Chick-fil-A is testing out two new restaurant concepts — a four-lane drive thru with a…
Continue ReadingNewly unveiled banking regulation wouldn’t have prevented this year’s US bank failures
By Elisabeth Buchwald, CNN New York (CNN) — US bank regulators advanced proposals on Thursday aimed at safeguarding the nation’s largest…
Continue ReadingBillionaire investor Leon Black is accused of raping teen in Jeffrey Epstein’s NY townhouse
By Allison Morrow, CNN New York (CNN) — A woman is suing the billionaire investor Leon Black, accusing him of raping her at Jeffrey Epstein’s…
Continue ReadingFord’s EV losses climb but overall profits rise
By Chris Isidore, CNN New York (CNN) — Losses are going up on Ford’s electric vehicle business, but profit from its traditional internal…
Continue ReadingEast Palestine train derailment has now cost Norfolk Southern $1 billion
By Chris Isidore, CNN New York (CNN) — The costs to Norfolk Southern from the February derailment in East Palestine, Ohio, are now approaching…
Continue ReadingElectric cars aren’t just for the wealthy anymore
By Peter Valdes-Dapena, CNN Business (CNN) — Thanks to a combination of new models, more production and new tax laws, electric vehicles are no…
Continue ReadingEurope’s banks are bracing for a wave of defaults
By Anna Cooban, CNN London (CNN) — Some of Europe’s biggest banks are setting aside more cash to absorb potential losses on loans, as rising…
Continue ReadingMortgage rates tick up after dropping last week
By Anna Bahney, CNN Washington, DC (CNN) — US mortgage rates moved higher this week following the Federal Reserve’s rate hike, after dropping…
Continue ReadingYellow Corp trucking company shares plunge as bankruptcy looms
By Chris Isidore, CNN New York (CNN) — The end may be close for Yellow Corp, a nearly century-old trucking company with 30,000 employees. The…
Continue ReadingUS pending home sales rose last month for the first time since February
By Anna Bahney, CNN Washington, DC (CNN) — US pending home sales rose in June, up 0.3% from the previous month, marking the first increase…
Continue ReadingThe Dow sinks, snapping its longest run since 1987
By Krystal Hur, CNN New York (CNN) — The Dow slipped on Thursday, snapping a 13-day winning streak. The blue-chip index fell 237 points after…
Continue ReadingThe US economy grew stronger than expected in the second quarter, but consumers are pulling back
By Bryan Mena, CNN Washington (CNN) — The US economy picked up steam in the second quarter despite punishing rate hikes and still-high…
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