Instagram walks back updates after criticism from Kardashian family
By Catherine Thorbecke, CNN Business Instagram on Thursday said it will walk back some of its recent feature changes after facing mounting backlash…
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Instagram walks back updates after criticism from Kardashian family
By Catherine Thorbecke, CNN Business Instagram on Thursday said it will walk back some of its recent feature changes after facing mounting backlash…
Continue ReadingAmazon beats expectations to avoid tech earnings slump
By Rishi Iyengar, CNN Business Amazon appears to still be going strong even as other Big Tech companies stumble amid pressure from inflation and an…
Continue ReadingTesla, GM buyers would get EV tax credits again under Democrats’ climate bill
By Peter Valdes-Dapena, CNN Business Under a new green energy bill agreed to by Democratic Sens. Chuck Schumer and Joe Manchin, automakers like Tesla…
Continue ReadingTreasury Secretary Janet Yellen: US economy remains ‘resilient’ despite GDP decline
By Alicia Wallace, CNN Business While the latest GDP report showed the US economy contracted again in the second quarter, Treasury Secretary Janet…
Continue ReadingLast year’s backpack: Tapped out families are struggling to pay for back to school purchases
By Parija Kavilanz, CNN Business Shopping for back-to-school essentials is becoming a real struggle for families whose household budgets are…
Continue ReadingTiny birth control stock soars following Roe v. Wade overturn
By Paul R. La Monica, CNN Business There’s a saying on Wall Street that traders often sell the news. Well, that hasn’t been the case with…
Continue ReadingWhy Apple can’t quit China
By Rishi Iyengar, CNN Business For close to two decades, Apple and China have been inextricably linked. The world’s most populous country not…
Continue ReadingWhy stocks are so weird right now
By Julia Horowitz, CNN Business Before the Federal Reserve announced another supersized interest rate hike on Wednesday, investors told Before the…
Continue ReadingThis region is suffering from some of the highest inflation in America. Here’s how locals are surviving
By Natasha Chen For 17 years, Ana Duran worked full time as a travel counselor. Late last year she lost that job, shortly before seeing the price of…
Continue ReadingAsia’s richest woman lost more than half her fortune in China’s property crunch
By Laura He, CNN Business Yang Huiyan, Asia’s wealthiest woman, has seen her wealth fall to $11 billion from nearly $24 billion this year as…
Continue ReadingMortgage rates fall as fears about the US economy loom
By Anna Bahney, CNN Business Mortgage rates dropped last week as fears grow that the US economy is entering a recession. The 30-year fixed-rate…
Continue ReadingJetBlue announces a deal to buy Spirit Airlines. Fares could surge
By Chris Isidore, CNN Business JetBlue Airways on Thursday announced it would purchase Spirit Airlines, a combination that would create…
Continue ReadingUS economy contracts again, fueling recession fears
By Martha White and Alicia Wallace, CNN Business The US economy shrank again in the second quarter, the Bureau of Economic Analysis said Thursday.…
Continue ReadingFacebook parent posts first revenue decline as a public company
By Clare Duffy, CNN Business Facebook is in decline. Meta, Facebook’s parent company, reported revenue of $28.8 billion for the three months…
Continue ReadingFord earnings and revenue soar, helped by high car prices
By Chris Isidore, CNN Business Ford shook off the impact of supply chain problems and limited vehicle inventory to post much better-than-expected…
Continue ReadingElectric truck maker Rivian laying off 6% of its workforce
By Peter Valdes-Dapena, CNN Business Rivian, the Amazon-backed manufacturer of electric pickups, SUVs and delivery vans, is laying off about 6% of…
Continue ReadingFTC files to block Facebook-parent Meta from buying a VR company
By Clare Duffy, Rachel Metz and Brian Fung, CNN The Federal Trade Commission on Wednesday moved to block Facebook-parent Meta from acquiring virtual…
Continue ReadingIf it looks like a recession and quacks like a recession…
By Paul R. La Monica, CNN Business Is the United States heading for a recession? Or is the economy already in one? It — almost —…
Continue ReadingFed makes history with second massive rate hike in as many months
By Nicole Goodkind, CNN Business What seemed unfathomable just six months ago — a 75-basis-point rate hike by the Federal Reserve — has…
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