Dow tumbles nearly 400 points, notching biggest one-day drop since March
By Krystal Hur, CNN New York (CNN) — Stocks tumbled Tuesday after a slew of economic data stoked fears about the US economy’s cloudy outlook…
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Panera jumps on a TikTok trend, adds ‘Roman Empire’ inspired menu
By Jordan Valinsky, CNN New York (CNN) — Men, apparently, can’t stop thinking about the Roman Empire. Panera Bread fans can’t stop thinking…
Continue ReadingJPMorgan CEO Jamie Dimon warns the world isn’t ready for 7% interest rate
By Matt Egan, CNN New York (CNN) — JPMorgan Chase CEO Jamie Dimon is raising the specter of the war on inflation getting worse before it gets…
Continue ReadingEuropean Union commissioner blasts X over disinformation track record
By Brian Fung, CNN (CNN) — European Union officials on Tuesday called on large social media platforms to step up their enforcement against…
Continue ReadingAlibaba’s logistics business will go public in first IPO from the new-look tech giant
By Anna Cooban, CNN London (CNN) — Alibaba said Tuesday that it would spin off Cainiao, its logistics arm, in what will be the conglomerate’s…
Continue ReadingUS consumer confidence is the lowest it’s been in four months
By Alicia Wallace, CNN Minneapolis (CNN) — Rising gas prices and high interest rates contributed to greater economic uncertainty and dampened…
Continue ReadingNew home sales dropped in August as mortgage rates climbed
By Anna Bahney, CNN Washington, DC (CNN) — New home sales dropped in August from the month before, as mortgage rates topped 7% and rose to the…
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US home prices rose in July to record-high levels
By Anna Bahney, CNN Washington, DC (CNN) — US home prices continued to rise in July, hitting a new record high and marking the sixth successive…
Continue ReadingNew York Fed: Many Buy Now, Pay Later users are financially fragile
By Alicia Wallace, CNN Minneapolis (CNN) — Buy Now, Pay Later installment payment offerings appear to be disproportionately used by people…
Continue ReadingMcDonald’s is adding two new sauces
By Jordan Valinsky, CNN New York (CNN) — McDonald’s is spicing up its sauces. Beginning October 9, the fast food chain is adding two new…
Continue ReadingCrisis at Evergrande deepens as it misses another bond payment
By Laura He, CNN Hong Kong (CNN) — Evergrande Group has just missed another bond payment, casting further doubt over the future of the…
Continue ReadingChina and Europe try to dial down trade tension
By Michelle Toh and Wayne Chang, CNN Hong Kong/Taipei (CNN) — China and the European Union have agreed to exchange information on export…
Continue Reading‘Not nearly enough.’ IEA says fossil fuel demand will peak soon but urges faster action
By Anna Cooban, CNN London (CNN) — Global demand for oil, natural gas and coal is likely to peak by 2030 — an “encouraging” development…
Continue ReadingTaylor Swift’s attendance at Chiefs game brings a spike in Travis Kelce jersey sales
By Kevin Dotson, CNN (CNN) — The surprise attendance of pop superstar Taylor Swift at Sunday’s Kansas City Chiefs game also brought an…
Continue Reading3M agrees to pay almost $10 million to settle apparent Iran sanctions violations
By Ramishah Maruf, CNN (CNN) — 3M has agreed to pay almost $10 million to settle apparent violations of Iranian sanctions, the US Office of…
Continue ReadingUAW President Fain to join President Biden on the picket line Tuesday in Michigan
By Vanessa Yurkevich, CNN (CNN) — United Auto Workers union President Shawn Fain will join President Joe Biden on the picket line Tuesday in…
Continue ReadingLongtime Amazon executive to take over Jeff Bezos’ rocket company
By Jackie Wattles, CNN (CNN) — Jeff Bezos’ space tourism and rocket company is replacing its chief executive officer with a longtime Amazon…
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SAG-AFTRA strike: All eyes on actors union following tentative deal between studios and writers
By Eva Rothenberg, CNN (CNN) — Now that the Writers Guild of America (WGA) has reached a tentative agreement with the Alliance of Motion Picture…
Continue ReadingFord pausing work on $3.5 billion Michigan electric vehicle battery plant
By Peter Valdes-Dapena, CNN (CNN) — Ford is pausing work on a new, $3.5 billion electric vehicle battery plant in Michigan, even as the…
Continue ReadingMoody’s: Government shutdown could hurt America’s top credit rating
By Alicia Wallace, CNN Minneapolis (CNN) — The United States’ credit rating could come under pressure if the government shuts down, Moody’s…
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