The maker of a gun used in the Texas shooting pulls out of the NRA convention
By David Goldman, CNN Business The manufacturer of a firearm used in the Robb Elementary School shooting said it will not attend the National Rifle…
Continue ReadingCNN – Business/Consumer
The Fed’s favorite inflation measure fell in April, but prices are still uncomfortably high
By Anneken Tappe, CNN Business Another key tracker of consumer prices took a breather in April, following in the footsteps of inflation indexes…
Continue Reading G7 commits to decarbonizing electricity by 2035 but leaves wiggle room for fossil fuels
By Angela Dewan, CNN The G7, which represents the world’s biggest advanced economies, agreed on Friday to achieve “predominantly…
Continue Reading US and Taiwan could begin talks on closer economic ties ‘in a few weeks’
By Eric Cheung and Wayne Chang, CNN Taiwan and the United States could begin talks to deepen trade and economic ties “in a few weeks,”…
Continue Reading Texas newspaper editor says ‘urgent questions’ about Uvalde massacre have not been answered
By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
Continue Reading Instacart: Baby formula searches surging as store shelves remain empty
By Parija Kavilanz, CNN Business Instacart said searches for baby formula hit a record high in mid-May but the on-demand grocery delivery site is…
Continue Reading First on CNN: Goldman Sachs CEO speaks out on gun violence
By Matt Egan, CNN Goldman Sachs CEO David Solomon is calling on politicians to act following a spate of shootings in the United States. “All of…
Continue Reading Opinion: It’s time to prepare for a recession
Opinion by Lakshman Achuthan and Anirvan Banerji for CNN Business Perspectives The economy is close to entering a recession, perhaps as soon as this…
Continue Reading The West united against Russia. Will its nerve hold as prices soar?
By Julia Horowitz, CNN Business When Ukrainian President Volodymyr Zelensky spoke by video to a packed room at the World Economic Forum in Davos,…
Continue Reading ‘I wouldn’t trust them.’ Energy Secretary blasts Russia for ‘weaponizing’ energy
By Matt Egan, CNN Business Russia has spent the past half-century attempting to build a reputation on the world stage as a reliable supplier of…
Continue Reading Justin Timberlake sells his entire music catalog
By Jennifer Korn, CNN Business Justin Timberlake sold his entire song catalog to a Blackstone-backed management company, joining a wave of recent…
Continue Reading Wealthy shoppers are splurging at Macy’s. Low-income shoppers are pulling back at Walmart
By Nathaniel Meyersohn, CNN Business Decades-high inflation is leading to a split in American consumers’ behavior. Affluent shoppers are…
Continue Reading Chinese consumers are stuck at home but still spending a ton, Alibaba says
By Paul R. La Monica, CNN Business China’s economy has slumped as Covid cases surged in the world’s most populous country. But Chinese…
Continue Reading Mortgage rates fall slightly, but offer little relief to buyers
By Anna Bahney, CNN Business Mortgage rates fell for a second consecutive week, but still remain above 5%. The 30-year, fixed-rate mortgage averaged…
Continue Reading Val Kilmer was once one of Hollywood’s biggest stars. ‘Top Gun: Maverick’ could be his last role
By Frank Pallotta, CNN Business “Top Gun: Maverick” hits theaters this weekend, marking the return of one of the biggest movie stars of…
Continue Reading Which Tom Cruise film has made the most at the ticket booth?
By Frank Pallotta, CNN Business Tom Cruise is one of the most popular movie stars in Hollywood history. The actor has had a 40 year career of hits…
Continue Reading The US economy shrank slightly faster in the first quarter
By Anneken Tappe, CNN Business America’s economy shrank in the first quarter of the year at a slightly faster rate than initially reported, the…
Continue Reading UK hits oil and gas companies with $6 billion windfall tax
By Anna Cooban, CNN Business The UK government is introducing a £5 billion ($6.3 billion) tax on the windfall profits of its oil and gas companies,…
Continue Reading Crypto is dead. Long live crypto
By Allison Morrow, CNN Business The deepening chasm between the crypto evangelists and naysayers may never have been as stark. On Wednesday,…
Continue Reading PR stunt or show of strength? Russia slashes interest rates
By Mark Thompson and Clare Sebastian, CNN Business Russia slashed interest rates on Thursday as a resurgent ruble — buoyed by robust oil and gas…
Continue Reading