CNN – Business/Consumer

By Laura He, CNN Business China’s banking regulator has pledged to boost lending to help developers finish stalled property projects and boost buyers’ demand, as a growing mortgage boycott by homebuyers exacerbates the country’s real estate woes. The China Banking and Insurance Regulatory Commission (CBIRC) reiterated Thursday that it will provide “active credit support” for

By Danielle Wiener-Bronner, CNN Business Domino’s is still struggling with delivery. “The delivery business continued to be more pressured,” in the second quarter due to staffing problems, said CFO Sandeep Reddy during an analyst call Thursday. Delivery sales at stores open at least a year fell 11.7% year-over-year in the second quarter, he said. In

By Paul R. La Monica, CNN Business Bitcoin prices were cooling off Thursday following a big spike in the past week. And it appears Elon Musk might be partly to blame. The price of one bitcoin fell 3% Thursday to about $23,000 after Tesla disclosed in its latest earnings report Wednesday that it sold about

CNN By Julia Horowitz, CNN Business Europe’s economy, which accounts for almost a fifth of the world’s output, is facing its toughest test since the pandemic erupted more than two years ago. A cocktail of risks threatens to throw growth into reverse at a moment of deep uncertainty. Like the United States and other developed

CNN By Anna Cooban and Julia Horowitz, CNN Business Europe’s economy grew unexpectedly in the second quarter of this year, allaying concerns — for now — that the continent may have slid into a recession. The European Union’s economy grew at a seasonally adjusted 4% last quarter when compared to the same quarter a year

By Julia Horowitz, CNN Business In a bold attempt to get inflation under control, the European Central Bank on Thursday announced it would hike its key interest rate by a half percentage point. That marks the first time since 2011 that the ECB has raised rates, and takes Europe’s main rate back to zero. Rates

By Chris Isidore, CNN Business American and United airlines both reported their first operating profit since the start of the pandemic, as strong demand for air travel and high fares allowed the carriers to overcome rising fuel prices. But the good news for airline investors was bad news for airline passengers. The amount passengers paid

By Chris Isidore, CNN Business Part-time work has become a lot less popular, both with job seekers and employers. The number of workers who are working part of the time for economic reasons — because they can’t find full-time jobs, or because their employer has cut back their hours — hit a 20-year low of

By Anna Bahney, CNN Business Rents hit another record high in June, putting more pressure on renters. But with the costs associated with buying a home rising so much this year, renting remains a better deal. In June, the national median rent hit a new record high of $1,876 a month, up 14% from a

By Yong Xiong, Larry Register and Laura He, CNN Business China’s cyberspace regulator fined Didi Global just over 8 billion yuan ($1.2 billion) on Thursday for violating cybersecurity and data laws, putting an end to a yearlong investigation into the ride-hailing giant. The Cyberspace Administration of China (CAC) said in a statement that the firm

CNN By Anna Cooban, CNN Business The German government has stepped in to bail out one of its biggest energy companies — the latest casualty of Europe’s natural gas crisis. Gas distributor Uniper will receive up to €15 billion ($15.3 billion) from the government after months of Russian supply cuts and soaring spot market prices

By Irene Nasser and Yong Xiong, CNN Business Gazprom has resumed gas shipments through the Nord Stream 1 pipeline, a vital artery linking Russia’s vast gas reserves to Europe via Germany. Gas began flowing again Thursday, data from the operator’s website showed, after the pipeline had been shut 10 days for scheduled maintenance. Many had