So this is how the Tupperware party ends
By Parija Kavilanz, CNN Tupperware, an iconic brand that’s woven into the fabric of post World War II America, signaled this week that it could…
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Mortgage rates drop for fifth week in a row
By Anna Bahney, CNN Homebuyers are embracing mortgage rates dipping closer and closer to 6%. Rates fell for the fifth week in a row as inflation…
Continue ReadingUS wholesale inflation saw dramatic cooldown in March
By Alicia Wallace, CNN US inflation at the wholesale level continued its downward slide in March with annualized price increases sinking dramatically…
Continue ReadingManhattan median rents hit another high in March
By Anna Bahney, CNN Even as rents are cooling in some parts of the country, it has never cost more to rent a Manhattan apartment as it did in March.…
Continue ReadingDelta Air Lines reports record bookings for summer travel
By Chris Isidore, CNN Delta Air Lines reported record advanced bookings for this coming summer, a further sign that the US airline industry is…
Continue ReadingUS inflation just reached an inflection point
By Nicole Goodkind, CNN After more than a year of soaring prices monopolizing the attention of Wall Street, Main Street, economists, and journalists,…
Continue ReadingBirkin bag maker sees pickup in US demand for its pricey products
By Anna Cooban, CNN Uber-luxury brand Hermès, best known for its coveted Birkin handbag, reported a double-digit jump in sales as high-income…
Continue ReadingJury selection begins in historic Dominion defamation trial against Fox News
By Marshall Cohen, CNN Jury selection began Thursday in Dominion Voting Systems’ $1.6 billion defamation trial against Fox News over the…
Continue ReadingThis investor can spot market bubbles. Now he’s warning of an ‘ominous’ bust
By Julia Horowitz, CNN Jeremy Grantham made his name predicting the dot-com crash in 2000 and the financial crisis in 2008. Now, the famous investor…
Continue ReadingVox Media announces new hosts of iconic Code Conference after Kara Swisher’s departure
By Oliver Darcy, CNN Vox Media is gearing up for its first Code Conference without Kara Swisher at the helm. The invite-only event, which attracts…
Continue ReadingJPMorgan executives knew about sex abuse claims against then-client Jeffery Epstein, court filing alleges
By Lauren del Valle, CNN A new court filing alleges JPMorgan Chase executives were aware of sex abuse and trafficking allegations against its…
Continue ReadingJPMorgan ends remote work for senior bankers
By Allison Morrow, CNN America’s largest bank is ending pandemic-era hybrid work for its senior staff. “Our leaders play a critical role…
Continue ReadingInflation hits the mailbox: Postage stamp prices are rising, again
By Nathaniel Meyersohn, CNN Stamp prices are set to tick up. The US Postal Service said Monday that it filed a notice with its regulators to increase…
Continue ReadingAmazon will charge customers a fee for some UPS returns
By Nathaniel Meyersohn, CNN Amazon is attempting new measures to get customers to return fewer of their online orders, including charging a fee to…
Continue ReadingThe banking crisis will tilt US into recession, say Fed economists
By Bryan Mena and Nicole Goodkind, CNN The fallout from the recent banking crisis is likely to push the US economy into a mild recession later this…
Continue ReadingUS government’s proposal to boost EV sales is challenging but not impossible
By Peter Valdes-Dapena, CNN Business The US government is planning to change auto emissions standards in a way that means automakers would need to…
Continue ReadingFood prices ease for the first time since 2020. Here’s what’s getting cheaper
By Danielle Wiener-Bronner, CNN Grocery prices finally dipped in March, falling for the first time since September 2020, according to data released…
Continue ReadingJudge in Dominion case sanctions Fox for withholding evidence, plans to appoint special master to probe possible misconduct
By Marshall Cohen The judge overseeing Dominion Voting Systems‘ massive defamation case against Fox News said Wednesday that he plans to…
Continue ReadingBrainard: US banking system is ‘sound’ and ‘stable’
By Alicia Wallace, CNN The broader US banking system remains sound and stable, but the two regional banks that failed were “poorly…
Continue ReadingWarren Buffett wants harsher penalties for top leaders of failed banks
By Chris Isidore, CNN Billionaire investor Warren Buffett isn’t worried about the state of the US banking industry — but he would like to see…
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