The latest on the Fed’s quarter-point rate hike
From CNN’s Krystal Hur, Bryan Mena, Alicia Wallace, Jeanne Sahadi, Matt Egan and Allison Morrow The-CNN-Wire™ & © 2023 Cable…
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Tucker Carlson sent a racist text to a producer: ‘It’s not how white men fight’
By Kristen Holmes and Jon Passantino, CNN In a newly revealed text message, ousted Fox News host Tucker Carlson made a racist comment and said he…
Continue ReadingThe Fed lifts rates by a quarter point
By Bryan Mena, CNN The Federal Reserve voted unanimously to raise interest rates by a quarter point Wednesday, the tenth rate hike since the central…
Continue ReadingKraft Heinz wants to remake the TV dinner
By Danielle Wiener-Bronner, CNN The pandemic helped revive an old-fashioned meal category: the frozen dinner. Now Kraft is betting big that it can…
Continue ReadingTesla raises car prices globally, with the biggest increase in China
By Laura He, CNN Tesla has raised prices in its most important electric vehicle markets, including China and the United States, reversing a series of…
Continue ReadingIndia’s top female wrestlers are camping on the streets of New Delhi. Here’s why
By Vedika Sud, Rhea Mogul and Sania Farooqui CNN The women wake just after dawn at the makeshift protest site, their belongings stacked under…
Continue ReadingStarbucks’ new CEO lays out improvement plan
By Danielle Wiener-Bronner, CNN During his first earnings call as the new Starbucks CEO, Laxman Narasimhan praised the company for its financial…
Continue ReadingFord cuts price of the Mustang Mach-E again
By Chris Isidore, CNN Ford is once again cutting the price of its electric SUV, the Mustang Mach-E, as it ramps up its price war with Tesla. Tesla,…
Continue ReadingJPMorgan just got a lot bigger — and Elizabeth Warren is alarmed
By Matt Egan, CNN JPMorgan Chase has once again come to the rescue of the banking system by acquiring a doomed bank. And that makes Democratic Sen.…
Continue ReadingWhy the Fed will likely raise rates two days after First Republic failed
By Elisabeth Buchwald, CNN For the second time this year, the Federal Reserve is gearing up to raise interest rates right after a bank failure. In…
Continue ReadingWhy you don’t have to worry about a US airline strike disrupting your summer travel plans
By Chris Isidore, CNN American Airlines pilots voted to go on strike Monday. Southwest pilots are holding a strike vote as well. But none of those…
Continue ReadingDow slides over 470 points as bank shares nosedive
By Krystal Hur, CNN Stocks fell steeply Tuesday as investors grew fearful that turmoil in the banking sector has not been contained, and ahead of a…
Continue ReadingWhy Tesla keeps making the Model S and X even as sales dwindle
By Peter Valdes-Dapena, CNN Business A decade ago, the Tesla Model S was MotorTrend’s Car of the Year and Consumer Reports hailed it as the…
Continue ReadingCongress presses Chinese fast-fashion giant Shein on forced labor
By Nathaniel Meyersohn, CNN US Congress is stepping up the pressure on Chinese fast-fashion giant Shein. In a letter to the Securities and Exchange…
Continue ReadingTuesday Morning is going out of business and closing all of its stores
By Jordan Valinsky, CNN Business Tuesday Morning is going out of business and closing all of its stores. It is the second major US home goods…
Continue ReadingIt’s getting ‘substantially’ harder for Europe’s businesses and homebuyers to get loans
By Julia Horowitz, CNN Europe’s banks are pulling back access to credit, and a key measure of inflation in the region has cooled, bolstering…
Continue ReadingJob openings tumble to lowest point in nearly two years
By Alicia Wallace, CNN The number of open jobs in the United States has dropped to the lowest level since May 2021, a reflection of a labor market…
Continue ReadingKroger will end its weekly grocery specials in newspapers
By Nathaniel Meyersohn, CNN Kroger, the largest grocery chain in the United States, is ditching its long-running weekly newspaper ad circulars…
Continue ReadingBP shares slide as first-quarter profit dips
By Hanna Ziady, CNN Shares of BP fell more than 5% Tuesday after the energy giant said it would return less cash to investors following a drop in…
Continue ReadingSheila Bair to Jerome Powell: Stop trying to look so tough on inflation. It will backfire
By Matt Egan, CNN Sheila Bair, who guided the FDIC through the Great Recession, worries the Federal Reserve is making today’s banking crisis…
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