US 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…
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Manhattan 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 Reading Delta 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 Reading US 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 Reading Birkin 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 Reading Jury 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 Reading This 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 Reading Vox 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 Reading JPMorgan 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 Reading JPMorgan 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 Reading Inflation 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 Reading Amazon 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 Reading The 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 Reading US 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 Reading Food 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 Reading Judge 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 Reading Brainard: 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 Reading Warren 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…
Continue Reading Why Walmart is closing half its stores in Chicago
By Nathaniel Meyersohn, CNN Walmart plans to close half its stores in Chicago, a reversal of the retail giant’s high-profile commitment in 2020…
Continue Reading How to avoid the next crisis? Banks may have to hold more cash
By Anna Cooban, CNN Regulators must learn “important lessons” from this year’s banking turmoil, the world’s top financial…
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