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…
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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 ReadingVal 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 ReadingWhich 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 ReadingThe 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 ReadingUK 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 ReadingCrypto 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 ReadingVirtual learning apps tracked and shared kids’ data and online activities with advertisers, report says
By Samantha Murphy Kelly, CNN Business Millions of students who participated in virtual learning during the Covid-19 pandemic had their personal data…
Continue ReadingPR 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 ReadingJimmy Kimmel becomes emotional after Texas shooting: ‘These are our children’
By Frank Pallotta, CNN Business Jimmy Kimmel delivered yet another emotional plea to America’s lawmakers after a mass shooting in America. The…
Continue ReadingPrices on almost everything at the grocery store are up – except rotisserie chicken. Here’s why
By Nathaniel Meyersohn, CNN Business At the grocery store, shoppers have seen food prices increase at their fastest pace in decades. Yet the price of…
Continue Reading100,000 Chinese officials attend emergency meeting to revive Covid-hit economy
By Jessie Yeung, CNN Business China’s cabinet held an emergency meeting with more than 100,000 participants on Wednesday, according to state…
Continue ReadingTwitter agrees to pay millions in fines after US government alleges privacy violations
By Brian Fung, CNN Business Twitter has agreed to pay $150 million in fines after the US government sued the social media company on Wednesday,…
Continue ReadingFed signals several half-percentage point hikes to come
By Anneken Tappe, CNN Business The Federal Reserve means business when it comes to tightening monetary policy. After raising its benchmark interest…
Continue ReadingBiden is ‘obsessed’ with lowering ‘outrageous’ gas prices, but presidents don’t control prices, says Energy Secretary
By Matt Egan, CNN Business Energy Secretary Jennifer Granholm said President Joe Biden is laser-focused on knocking down sky-high gasoline prices,…
Continue ReadingBoeing’s Starliner capsule makes safe return from test mission
By Jackie Wattles, CNN Business Boeing’s Starliner spacecraft made a safe return home from its five-day stay at the International Space Station…
Continue ReadingNew car sales forecast to plummet 20.9% in May, as supply remains low
By Matt McFarland, CNN Business Retail sales of new cars are forecast to fall 20.9% this month compared to the same time last year, amid vehicle…
Continue ReadingTwitter holds annual shareholder meeting amid uncertainty with Elon Musk deal
By Clare Duffy, CNN Business Twitter on Wednesday held what could be its last annual shareholder meeting as a public company for a long time after…
Continue ReadingUkraine has a message for Cloudflare and SAP: Get out of Russia now
By Julia Horowitz, CNN Business Mykhailo Fedorov, Ukraine’s minister of digital transformation, hadn’t left the country since Russia…
Continue ReadingBitcoin is imploding. But you wouldn’t know it from checking out Formula 1 races
By Paul R. La Monica, CNN Business What crypto crash? Bitcoin prices may be plunging, but you wouldn’t know it by checking out the cars on the…
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