Hurricane Ian could be Florida’s costliest storm ever
By Chris Isidore, CNN Business Hurricane Ian may have caused as much as $47 billion in insured losses, according to the latest estimate, which could…
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GM’s Cruise wants to add 5,000 more robotaxis to American streets. This city warns it could backfire
By Matt McFarland, CNN Business GM’s self-driving car subsidiary Cruise said earlier this year that it wants to add as many as 5,000 more…
Continue Reading Spanx names a new CEO
By Parija Kavilanz, CNN Business Spanx, a brand founded by shapewear pioneer Sara Blakely, has named Kim Jones her successor as CEO. The…
Continue Reading EU agrees to tax windfall oil and gas profits amid ‘insane race’ to tame energy crisis
By Anna Cooban, CNN Business EU governments agreed Friday to tax the windfall profits of oil and gas companies and to cap the revenues of some…
Continue Reading Fed’s preferred measure of inflation shows prices surged again last month
Martha C. White for CNN Business After hitting an alarming 40-year high in June, the Federal Reserve’s preferred benchmark for consumer…
Continue Reading Can Porsche cure an ailing IPO market?
By Nicole Goodkind, CNN Business Warnings of global recession are widespread, inflation is persistent and Russia is escalating the crisis in Europe.…
Continue Reading The UK economy still hasn’t recovered from the pandemic. Now it’s on the ropes again
By Mark Thompson, CNN Business There was good news and bad in Friday’s revised data about the UK economy. It grew — marginally — in the…
Continue Reading Florida’s home insurance market was a mess before Ian. It’s about to get worse
By Chris Isidore, CNN Business Florida homeowners were already facing an expensive and difficult market for home insurance before Hurricane Ian. The…
Continue Reading King Charles III’s coin portrait unveiled by UK Royal Mint
By Amarachi Orie, CNN Business The portrait of King Charles III that will feature on British coins has been unveiled by the Royal Mint, the official…
Continue Reading Led by Hong Kong, Asian stocks on track to suffer worst month since Covid began
By Laura He, CNN Business Asian markets are careening toward their worst month since the Covid pandemic began, hit by a mighty US dollar and rising…
Continue Reading Why the ghost of 2008 still haunts us in 2022
By Allison Morrow, CNN Business All week, there have events in the news that have come in under of the banner of “this hasn’t happened…
Continue Reading NASA, SpaceX to study boosting Hubble to higher orbit in a bid to extend its life
By Jackie Wattles, CNN Officials at NASA have signed a Space Act Agreement with SpaceX to investigate the benefits and risks of having a private…
Continue Reading US officials troubled by controversial UK tax cut plan
By Matt Egan, CNN Business US officials are increasingly troubled by the United Kingdom’s proposal to slash taxes at a time of crushing…
Continue Reading Think mortgage rates are high now? Homebuyers in the 1980s were paying 19%
By Anna Bahney, CNN Business Think mortgage rates are high now? Connie Strait remembers when she was starting her career in real estate in the early…
Continue Reading H&M could start charging customers for making returns
By Parija Kavilanz, CNN Business So much for impulse buying at H&M. The next time you shop there, specifically online, and then regret bagging…
Continue Reading Germany will borrow nearly $200 billion to cap consumers’ energy bills
By Reuters and Anna Cooban, CNN Business The German government announced plans to borrow €200 billion ($195 billion) to cap natural gas prices for…
Continue Reading Bed Bath & Beyond is failing fast
By Nathaniel Meyersohn, CNN Business Bed Bath & Beyond is losing shoppers and money at a rapid clip, and the company will need to quickly…
Continue Reading Dow plunges and is back in a bear market
By Paul R. La Monica, CNN Business The third quarter is about to end — and investors are wishing the past nine months good riddance. Stocks…
Continue Reading Mortgage rates surge, closing in on 7%
By Anna Bahney, CNN Business Mortgage rates surged for the sixth week in a row, moving closer to 7%. The 30-year fixed-rate mortgage averaged 6.70%…
Continue Reading Used cars have become unaffordable
By Chris Isidore, CNN Business High prices and rising interest rates are putting used cars out of reach for a growing number of car shoppers.…
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