First on CNN: Record-high gas prices slash US spending by $9 billion a month
By Matt Egan, CNN Business Pain at the pump may be forcing Americans to cut spending elsewhere. In a report shared first with CNN, JPMorgan analyzed…
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War-fueled food inflation will cause social unrest, UN official says
By Matt Egan, CNN Business A perfect storm of war, extreme weather and Covid-19 will drive global food prices to levels that will cause social unrest…
Continue Reading The startup world is due for a reckoning
By Julia Horowitz, CNN Business When WeWork, the once high-flying office space company, was forced to call off its Wall Street debut in late 2019, it…
Continue Reading Coffin carrying veteran journalist’s body shown falling as Israeli police beat mourners with batons
By Atika Shubert and Abeer Salman, CNN There was unrest in Jerusalem Friday as thousands attended the burial of veteran Al Jazeera journalist Shireen…
Continue Reading Uber to test delivering food with robots
By Matt McFarland, CNN Business Uber is the latest company to try delivering food to people’s homes with robots. The company, which has long…
Continue Reading China’s currency just had its worst month ever. It’s still dropping
By Laura He, CNN Business The Chinese currency is declining rapidly as the world’s second largest economy falters under the weight of Covid…
Continue Reading California expected to increase minimum wage to $15.50 per hour
By Taylor Romine, CNN California’s minimum wage is expected to increase to $15.50 per hour next January because a state provision regarding…
Continue Reading ‘If you have any heart at all.’ UN official warns Putin millions will die if Ukraine’s ports remain blocked
By Matt Egan, CNN Business David Beasley, head of the United Nations World Food Programme, is pleading with Russian President Vladimir Putin to…
Continue Reading Mercedes issues ‘Do not drive’ advisory for 292,000 SUVs
By Peter Valdes-Dapena, CNN Business Mercedes-Benz is recalling 292,000 SUVs and advising owners of the vehicles to stop driving them until a…
Continue Reading Record diesel prices, tight supplies could be next blow to the US economy
By Chris Isidore, CNN Business Diesel prices are soaring to record levels, and record low inventories of the fuel in parts of the United States are…
Continue Reading Jerome Powell confirmed for second term as Fed Chair
By Ali Zaslav The US Senate on Thursday overwhelmingly confirmed Jerome Powell to a second term as chairman of the Federal Reserve. The final vote…
Continue Reading Meme mania returns. GameStop and AMC soar
By Paul R. La Monica, CNN Business Apes of Reddit, rejoice! Shares of meme stock darling GameStop soared 10% Thursday, prompting trades to be halted…
Continue Reading Coronavirus committee: Meat companies lied about impending shortage and put workers at risk
By Parija Kavilanz and Danielle Wiener-Bronner, CNN Business At the height of the pandemic, as the coronavirus infected tens of thousands of meat…
Continue Reading Thousands mourn slain journalist Shireen Abu Akleh as Palestinians call for accountability
By Hadas Gold and Abeer Salman, CNN Thousands gathered in the West Bank city of Ramallah on Thursday to mourn slain Al Jazeera journalist Shireen Abu…
Continue Reading Manhattan rents have never been this expensive
By Anna Bahney, CNN Business Manhattan rents just hit an all-time high — again. For the third straight month, rents have reached new record…
Continue Reading Adidas sports bra ads banned in UK over bare breasts
By Amarachi Orie, CNN Business Adidas advertisements showing photo grids of bare breasts have been banned in the UK by the Advertising Standards…
Continue Reading More than $7 trillion has been wiped out from the stock market this year
By Paul R. La Monica, CNN Business Somebody cue the stock market’s park ranger: Bears are having a picnic on Wall Street this year. The…
Continue Reading Mortgage rates continue to climb
By Anna Bahney, CNN Business Mortgage rates moved higher this week, continuing an upward trend that has kept rates above 5% since mid-April. The…
Continue Reading Why this obscure corner of the crypto world has investors in a panic
By Allison Morrow, CNN Business Within the often head-scratching world of cryptocurrencies, there’s a small but growing sub-species known as…
Continue Reading Not all recessions are the same. Here’s what could happen to the economy and markets
By Nicole Goodkind, CNN Business Economists, CEOs, Wall Street and Main Street are sounding the recession alarm bell. Most agree a recession could…
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