CNN - Business/Consumer Archives

The leaders of more than 30 news organizations on Thursday demanded the release of imprisoned Wall Street Journal reporter Evan Gershkovich.

Leaders of more than 30 news organizations demand Russia release WSJ reporter

March 31, 2023 9:44 AM CNN Newsource

By Oliver Darcy, CNN Business The leaders of more than 30 news organizations around the world signed a letter Thursday to the Russian ambassador to…

Southwest Airlines has unveiled an "action plan" to prevent another operational meltdown. Pictured is a baggage holding area for Southwest Airlines at Denver International Airport in 2022 in Denver.

Southwest releases an ‘action plan’ to prevent another operational nightmare

March 31, 2023 9:16 AM CNN Newsource

By Jordan Valinsky, CNN Southwest Airlines has unveiled an “action plan” to prevent another operational meltdown like the one from last…

New guidance from the Biden administration suggests fewer EVs will be eligible for tax credits starting April 18. It expects more to be added in the coming months and years.

Considering an EV? Here’s what to know about the new tax credits

March 31, 2023 7:16 AM CNN Newsource

By Ella Nilsen, CNN When the Biden administration’s proposed rule for which vehicles qualify for its revamped EV tax credit goes into effect on…

Norfolk Southern CEO more than doubled his pay last year after getting promoted

March 31, 2023 7:11 AM CNN Newsource

By Chris Isidore, CNN Norfolk Southern CEO Alan Shaw got $9.8 million in total compensation in 2022, more than double the $4.7 million he received in…

Trump-related stocks surged Friday after indictment. Pictured is the New York Stock Exchange.

Trump-related stocks surge after indictment

March 31, 2023 6:40 AM CNN Newsource

By David Goldman, CNN Three stocks with ties to former President Donald Trump surged Friday after two sources familiar with the case told CNN that…

Trump-related stocks surge after indictment

March 31, 2023 5:56 AM cnn

CNN By David Goldman, CNN Three stocks with ties to former President Donald Trump surged Friday after two sources familiar with the case told CNN…

The Fed’s favorite inflation measure cooled in February

March 31, 2023 5:34 AM CNN Newsource

By Alicia Wallace, CNN The Federal Reserve’s preferred inflation gauge cooled back down in February after ticking up unexpectedly the month…

Inflation in Europe has fallen to its slowest pace in more than a year. Pictured are shoppers in Barcelona

Key inflation gauge in Europe hits record high even as overall price rises slow sharply

March 31, 2023 5:22 AM CNN Newsource

By Julia Horowitz, CNN Inflation in Europe has fallen to its slowest pace in more than a year, though stark signs of persistent underlying pressure…

FDIC spent about $23 billion to clean up the mess that Silicon Valley Bank and Signature Bank left in the wake of their collapses earlier this month.

Who will end up paying for the banking crisis: You

March 31, 2023 4:12 AM CNN Newsource

By Nicole Goodkind, CNN It cost the Federal Deposit Insurance Corporation about $23 billion to clean up the mess that Silicon Valley Bank and…

The White House and Republican leaders in Washington are nowhere near a deal to avert a disastrous US default.

‘It’s not zero.’ Wall Street is pricing in a small but growing risk of a disastrous US default

March 31, 2023 3:49 AM CNN Newsource

By Matt Egan, CNN A US default would have such devastating economic and financial consequences that many observers dismiss the possibility out of…

Post-2008 reforms didn’t solve the problem of ‘too big to fail’ banks

March 31, 2023 3:41 AM CNN Newsource

By Hanna Ziady and Julia Horowitz, CNN Regulation introduced after the 2008 financial crisis was supposed to make bank bailouts a thing of the past.…

China's economic recovery is gaining traction. In this image

China’s services activity jumps to decade high as economic recovery gets back on track

March 31, 2023 1:20 AM CNN Newsource

By Laura He, CNN A key index measuring the strength of China’s massive services sector jumped to its highest level in more than a decade, as…

A man undergoes a Covid-19 test in Shanghai on January 7. China's government is strapped for cash after years of enforcing its costly zero-Covid policy.

Chinese cities are so broke, they’re cutting medical benefits for seniors

March 30, 2023 11:16 PM CNN Newsource

By Laura He, CNN China’s government, strapped for cash after years of enforcing a costly zero-Covid policy, is cutting medical benefits and…

A victim is carried to an ambulance in Indore

At least 35 killed after falling into underground stepwell in Indian temple

March 30, 2023 10:03 PM CNN Newsource

By Jessie Yeung, Manveena Suri and Vedika Sud, CNN At least 35 people were killed Thursday after falling into a stepwell at a Hindu temple in central…

Britain has reached an agreement to join a major trans-Pacific partnership. Pictured is the UK's largest freight port

UK joins trans-Pacific trade bloc in a deal likely to boost GDP by less than 0.1%

March 30, 2023 9:01 PM CNN Newsource

By Michael Rios and Michelle Toh, CNN Britain has reached an agreement to join a major free trade bloc in the Pacific region. The country will become…