Facing risk of blackouts this winter, the UK will drill for more oil
By Hanna Ziady, CNN Business The UK government could award oil and gas companies more than 100 new licenses to drill in the North Sea, as it looks…
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The US job market remains robust, but is showing signs of cooling
By Alicia Wallace, CNN Business The fever hasn’t broken yet for America’s employment market, but the temperature is coming down.…
Continue ReadingOPEC’s production cut is a win for oil stocks
By Nicole Goodkind, CNN Business The White House isn’t very happy with OPEC’s decision to slash oil production by 2 million barrels per…
Continue ReadingCredit Suisse is buying back debt and selling a hotel
By Julia Horowitz, CNN Business Credit Suisse said it will buy back up to $3 billion in its own bonds to save money on debt servicing costs while…
Continue ReadingCathay Pacific is facing ‘unprecedented staffing’ shortages, warns top union in Hong Kong
By Michelle Toh, CNN Business Hong Kong’s flagship airline Cathay Pacific is facing “unprecedented” staff shortages and may not be…
Continue ReadingA young woman’s death in Iran has sparked an uprising. News organizations are grappling with how to cover it
By Oliver Darcy, CNN Business Nationwide protests have gripped Iran for weeks following the death of 22-year-old Mahsa Amini after she was taken into…
Continue ReadingFormer Treasury Secretary Larry Summers says it’s ‘more likely than not’ US will enter recession
By Paul LeBlanc, CNN Former US Treasury Secretary Larry Summers said Thursday it’s “more likely than not” the US will enter a…
Continue ReadingGOP Sen. Chuck Grassley calls for OPEC collusion crackdown after production cut
by Matt Egan, CNN Republican Sen. Chuck Grassley on Thursday called for punishing OPEC for its production cut by passing legislation that would hold…
Continue ReadingIn a first, Netflix’s ‘Knives Out’ sequel will play in theaters for a week
By Frank Pallotta, CNN Business Netflix is going to the movies, but only for a week. “Glass Onion: A Knives Out Mystery,” the new…
Continue ReadingHiking rates too quickly could trigger a ‘prolonged recession,’ IMF head warns
By Alicia Wallace, CNN Business The global economic outlook is darkening and the risks of recession are quickly rising: That’s the latest…
Continue ReadingToyota finally found a way to keep wheels from falling off its electric SUV
By Peter Valdes-Dapena, CNN Business Last June, Toyota warned owners of its first mainstream electric vehicle, the BZ4X, to stop driving their SUVs…
Continue ReadingWhy Wall Street shouldn’t sweat the midterms
By Paul R. La Monica, CNN Business The midterm elections are a little more than a month away, and if Wall Street had a vote, it’d be for more…
Continue ReadingFord raises price on the electric F-150 again
By Peter Valdes-Dapena, CNN Business Ford is again raising prices on the F-150 Lightning electric pickup, but the price increase will impact only the…
Continue ReadingMortgage rates take a breather after rising for several weeks in a row
By Anna Bahney, CNN Business After rising for six weeks in a row, mortgage rates retreated last week. The 30-year fixed-rate mortgage averaged 6.66%…
Continue ReadingBig companies keep leaving Chicago. What’s going on?
By Jordan Valinsky, CNN Business Tyson Foods is the latest company closing its Chicago-area offices, joining Boeing, Caterpillar and Citadel among…
Continue ReadingWhat to expect from Friday’s jobs report
By Alicia Wallace, CNN Business When the Bureau of Labor Statistics releases its latest monthly jobs report on Friday, all eyes will be on whether…
Continue ReadingPeloton is undergoing another round of layoffs to ‘save’ the company
By Jordan Valinsky, CNN Business Peloton is undergoing another round of layoffs — its fourth this year — with about 500 jobs being eliminated, as…
Continue ReadingMarkets are starting to act super strange
By Nicole Goodkind, CNN Business Investors are tightening their neck braces as US stocks soar upwards, plummet back down and then do it all over.…
Continue ReadingGas prices are starting to take off again. More increases are on the way
By Chris Isidore and Matt Egan, CNN Business Even before Wednesday’s action by OPEC+ to cut oil production, US gas prices were on their way up.…
Continue ReadingReport: Transitioning only 6% of American vehicles to electric could prevent 67,000 premature deaths
By Peter Valdes-Dapena, CNN Business Changing America’s fleet of trucks and buses to run on electricity while, at the same time, changing the…
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