Eggs are finally getting cheaper in the grocery store
By Danielle Wiener-Bronner, CNN Grocery prices rose slightly last month, but eggs are finally getting cheaper in the supermarket. In February, egg…
Continue ReadingMoney
Inflation fell for the eighth-straight month in February
By Alicia Wallace, CNN Inflation’s temperature came down a little bit more last month, but the Federal Reserve’s campaign to bring down…
Continue ReadingWhat comes next in the banking crisis? The early 1990s hold clues
By Nicole Goodkind, CNN Investors are searching for clarity in the wake of Friday’s collapse of Silicon Valley Bank — the biggest failure of…
Continue ReadingSay goodbye to the old cap on McCormick spice bottles
By Jordan Valinsky, CNN McCormick, the top-selling maker of seasonings and spices, is giving its iconic red-cap bottles their first makeover in…
Continue ReadingUS sues Rite Aid for missing opioid red flags
By Andrea Cambron, CNN The Justice Department on Monday filed a lawsuit against Rite Aid for allegedly violating the Controlled Substances Act,…
Continue ReadingCredit Suisse finds ‘material weakness’ in its financial reporting, scraps exec bonuses
By Hanna Ziady, CNN Credit Suisse acknowledged “material weakness” in its financial reporting Tuesday as it scrapped bonuses for top…
Continue ReadingToday is Equal Pay Day. Here’s what that means
By Jeanne Sahadi, CNN The gender pay gap is typically referred to in monetary terms, measuring how much women earn for every dollar a man earns. But…
Continue ReadingThe Fed faces a ‘no-win situation’ but must keep raising interest rates anyway, says former Fed official
By Matt Egan The shocking implosion of Silicon Valley Bank should not deter the Federal Reserve from its war on inflation, according to former FDIC…
Continue ReadingMoody’s sees harder times ahead for all US banks and puts six on ‘downgrade’ watch
By Matt Egan, CNN Moody’s Investors Service cut its outlook for the entire US banking sector and placed six US banks on review for potential…
Continue ReadingAsian markets tumble as SVB fallout fears rattle banking sector
By Laura He, CNN Asian stocks fell broadly on Tuesday, dragged down by banking shares, as fears over the fallout of Silicon Valley Bank’s…
Continue ReadingMasatoshi Ito, Japanese billionaire behind the rise of 7-Eleven, dies at 98
By Kathleen Magramo and Moeri Karasawa, CNN Masatoshi Ito, the Japanese billionaire who turned 7-Eleven convenience stores into a global empire, has…
Continue ReadingChina’s Andon Health says it has full access to funds parked at collapsed lender SVB
By Laura He, CNN China’s Andon Health, a maker of medical devices, says it has full access to funds parked at Silicon Valley Bank, after the US…
Continue ReadingCNBC’s Andrew Ross Sorkin says covering the SVB meltdown is like ‘walking a tight rope’
By Oliver Darcy, CNN Andrew Ross Sorkin woke up early Monday morning, long before the crack of dawn, after managing to sneak in a handful of hours of…
Continue Reading‘Absolutely idiotic’. SVB insider says employees are angry with CEO
By Matt Egan The blame game is on for who caused Silicon Valley Bank’s collapse, and the tech sector is pointing the finger at SVB CEO Greg…
Continue ReadingShould I pull my money out of the bank? What to know about bank failures
By Ramishah Maruf, CNN Is my money safe? That’s the question on many bank customers’ minds after the stunning failures of Silicon Valley…
Continue ReadingWhy Silicon Valley Bank collapsed and what it could mean
By Hanna Ziady, CNN Silicon Valley Bank collapsed with astounding speed on Friday. Investors are now on edge about whether its demise could spark a…
Continue ReadingEurope’s banking stocks suffer biggest drop in a year
By Anna Cooban, CNN Investors dumped European bank stocks for a third straight day Monday, despite dramatic moves over the weekend by the US and UK…
Continue ReadingLunchables are going to be rolled out directly to students. Here’s what’s in them
By Parija Kavilanz, CNN Business Kraft Heinz has succeeded in getting its ready-to-eat packaged Lunchables into school lunch programs starting this…
Continue ReadingFrom Wile E. Coyote to edibles: Recession forecasts are getting weird
By Nicole Goodkind, CNN Understanding the economy is a complicated task, and even the experts are struggling to answer seemingly simple questions…
Continue ReadingWall Street pummels regional banks, despite Biden’s assurances
By Allison Morrow, CNN Wall Street’s confidence in regional banks remained shaky Monday, despite emergency measures from the Biden…
Continue Reading