Jamie Dimon: The Cold War is back and a recession is a real possibility
By Matt Egan, CNN Business JPMorgan Chase CEO Jamie Dimon said Wednesday that the Federal Reserve should have moved sooner to raise interest rates…
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The Fed was late to inflation. Will it miss the next big risk?
By Julia Horowitz, CNN Business The Federal Reserve is finally getting aggressive in its bid to fight decades-high inflation. What’s happening:…
Continue ReadingWarren Buffett-backed electric carmaker shrugs off China’s lockdowns
By Laura He, CNN Business BYD, the Warren Buffett-backed Chinese electric vehicle maker, had a bumper month in the world’s largest car market,…
Continue ReadingChina market analyst out after his social media accounts were frozen
By Laura He, CNN Business Hong Hao, a prominent market analyst in China, has left the state-owned bank he worked for just days after his social media…
Continue ReadingFed issues biggest rate hike in 22 years
By Anneken Tappe, CNN Business The Federal Reserve said Wednesday it is raising interest rates by a half-percentage point to get a handle on the…
Continue ReadingA Chinese man surnamed ‘Ma’ was detained. The news wiped off $26 billion from Alibaba’s stock
By Nectar Gan, CNN For Chinese tech tycoon Jack Ma, there’s a price to freedom: $26 billion. Alibaba, the Chinese e-commerce giant Ma…
Continue ReadingEU proposes ban on Russian oil imports this year. Hungary says no
By Mark Thompson, CNN Business The European Union is proposing to ban all oil imports from Russia by the end of this year and remove the…
Continue ReadingDidi is facing an SEC probe into its botched IPO, company says
By Laura He, CNN Business Didi says it is facing an investigation by US regulators into its botched IPO last year. The Chinese ride-hailing giant…
Continue ReadingAirbnb’s business is booming — and rates are rising
By Sara Ashley O’Brien, CNN Business Airbnb reported more than 100 million bookings during the first quarter of this year, a record for the…
Continue ReadingStarbucks will raise wages again — but not for unionized workers
By Danielle Wiener-Bronner, CNN Business Starbucks interim CEO Howard Schultz has a message for workers interested in unionizing: If you do, you…
Continue ReadingVP Harris to meet with Amazon Labor Union and other grassroots organizers
By Brian Fung and Sara O’Brien, CNN Business Vice President Kamala Harris and Labor Secretary Marty Walsh will meet with union leaders Thursday…
Continue ReadingABC News correspondent Jonathan Karl tests positive for Covid-19 after White House Correspondents Dinner
By Paul LeBlanc and Oliver Darcy, CNN ABC News’ Chief Washington Correspondent Jonathan Karl tested positive for Covid-19 Monday night, a…
Continue ReadingThese retirement bills let older workers put even more into their 401(k)s
By Jeanne Sahadi, CNN Business If a popular piece of retirement legislation makes it to President Biden’s desk this year, it would give older…
Continue ReadingRocket Lab will try helicopter catch again, but it may take months
By Jackie Wattles, CNN Business Rocket Lab this week made an ostentatious attempt to catch a rocket as it fell from space using a hook-wielding…
Continue ReadingElon Musk says he is ‘exactly aligned’ with Europe’s sweeping new rules for social media platforms
By Brian Fung, CNN Elon Musk appeared to endorse a key European law regulating social media on Monday when he appeared in a video with Thierry…
Continue ReadingWatch what it’s like aboard a Blue Origin flight from takeoff to landing
By Jackie Wattles, CNN Business Two passengers that flew on one of Blue Origin’s supersonic flights to the edge of space have shared footage of…
Continue ReadingWatch what it’s like aboard a Blue Origin flight from takeoff to landing
By Jackie Wattles, CNN Business Two passengers that flew on one of Blue Origin’s supersonic flights to the edge of space have shared footage of…
Continue ReadingThese companies will help staff in red states bypass abortion bans
By Allison Morrow, CNN Business Millions of women in more than 25 states face an abortion ban if the Supreme Court overturns Roe v. Wade, the…
Continue ReadingHomes got even pricier and harder to afford in most US cities
By Anna Bahney, CNN Business Home prices rose by double-digit percentages in most major US cities at the beginning of this year. Of 185 metro areas…
Continue ReadingA record 4.5 million Americans quit their jobs in March
By Anneken Tappe, CNN Business The US labor market remained on fire in March with a record 4.5 million workers quitting their jobs, new data from the…
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