CNN – Business/Consumer

By Bryan Mena, CNN Washington (CNN) — A greater number of small businesses are worried about inflation and future business conditions, according to a survey released Tuesday by the National Federation of Independent Business. If even more business owners become concerned about inflation in the coming months, then that might be a problem for the

By Laura He, CNN Hong Kong (CNN) — China’s central bank on Tuesday made a surprise cut to one of its key lending rates in a bid to shore up sputtering growth in the world’s second largest economy. The cut to the 7-day reverse repo rate — the first since August last year — will

By Ramishah Maruf, CNN New York (CNN) — Oracle (ORCL) founder Larry Ellison is reaping the benefits of artificial intelligence popularity, edging past Microsoft (MSFT) founder Bill Gates to land the number four spot on the Bloomberg Billionaires Index on Monday, according to Bloomberg. Ellison is now the world’s fourth-richest person, with a staggering $129.8

By Samantha Delouya, CNN (CNN) — Shopping mall operator Westfield said it plans to give up control of the San Francisco Centre mall after more than 20 years of operation in another sign of San Francisco’s economic struggles. The company attributed its decision to the “challenging operating conditions in downtown San Francisco, which have led

CNN By Elisabeth Buchwald, CNN New York (CNN) — May’s closely watched Consumer Price Index showed Tuesday that inflation has been cut by more than half from last year’s peak. On an annual basis, prices rose by 4% compared to a year ago. That’s a significant decline from April, when annual inflation was 4.9%. The

By Elisabeth Buchwald, CNN New York (CNN) — May’s closely watched Consumer Price Index showed Tuesday that inflation has been cut by more than half from last year’s peak. On an annual basis, prices rose by 4% compared to a year ago. That’s a significant decline from April, when annual inflation was 4.9%. The slowdown

By Elisabeth Buchwald, CNN New York (CNN) — Treasury Secretary Janet Yellen said it is in the United States’ best interest to maintain ties with China, though she said documented allegations of human rights abuses in China and questionable trade policies need to be “addressed.” “While we surely have concerns that need to be addressed,

CNN By Brian Fung, CNN (CNN) — The Federal Trade Commission on Monday sued to prevent Microsoft and Activision-Blizzard from closing their $69 billion merger. The filing asks the US District Court for the Northern District of California for a temporary restraining order that could keep the companies from consummating the acquisition while the FTC’s

CNN By Nicole Goodkind, CNN New York (CNN) — The US economy has been surprisingly resilient this year, but painful bumps are likely coming, said Goldman Sachs CEO David Solomon in an interview with CNBC on Monday morning. “I think we’re at an uncertain moment,” said Solomon of his current economic outlook. “I think it’s

CNN By Alicia Wallace, CNN Minneapolis (CNN) — US inflation is leaving those sky-high days behind: Consumer prices in May rose at the slowest annual pace since March 2021, according to data released Tuesday by the Bureau of Labor Statistics. The Consumer Price Index, a key inflation gauge that measures price changes for a basket

CNN, CNN BUSINESS Story by Jackie Wattles and Video by Moss Cohen, CNN El Segundo, California (CNN) — For years, the private sector has envisioned an illustrious future in space — an extraterrestrial playground with tourists flying to and from orbiting hotels and the occasional trip to Mars being as easy as a transatlantic flight.