CNN – Business/Consumer

CNN By Atika Shubert and Abeer Salman, CNN There was unrest in Jerusalem Friday as thousands attended the burial of veteran Al Jazeera journalist Shireen Abu Akleh, who was shot dead two days earlier while reporting on a military raid in the West Bank city of Jenin. Mourners had marched from Jerusalem’s Jaffa Gate to

By Atika Shubert and Abeer Salman, CNN There was unrest in Jerusalem Friday as thousands attended the burial of veteran Al Jazeera journalist Shireen Abu Akleh, who was shot dead two days earlier while reporting on a military raid in the West Bank city of Jenin. Mourners had marched from Jerusalem’s Jaffa Gate to Mount

By Matt McFarland, CNN Business Uber is the latest company to try delivering food to people’s homes with robots. The company, which has long claimed that automation is key to its future profitability, is launching two test programs to deliver Uber Eats in greater Los Angeles this month, including four-wheeled robots that roll on sidewalks

By Laura He, CNN Business The Chinese currency is declining rapidly as the world’s second largest economy falters under the weight of Covid restrictions. Since the start of the year, investors have been moving money out of China, driven by concerns about rising lockdowns in major cities, and Beijing’s close ties with Moscow in the

CNN: CNNE: CNN VIA CISCO By Matt Egan, CNN Business David Beasley, head of the United Nations World Food Programme, is pleading with Russian President Vladimir Putin to reopen Ukraine’s Black Sea ports before global calamity strikes. “Millions of people around the world will die because these ports are being blocked,” Beasley told CNN during

By Ali Zaslav The US Senate on Thursday overwhelmingly confirmed Jerome Powell to a second term as chairman of the Federal Reserve. The final vote was 80-19. “Few institutions are more important to help steer our economy in the right direction and to fight inflation than the Fed,” said Senate Majority Leader Chuck Schumer ahead

By Parija Kavilanz and Danielle Wiener-Bronner, CNN Business At the height of the pandemic, as the coronavirus infected tens of thousands of meat industry workers and caused hundreds to die, executives at the nation’s largest meat producers were aware of the transmission risk in their plants and successfully lobbied the Trump White House and the

By Paul R. La Monica, CNN Business Apes of Reddit, rejoice! Shares of meme stock darling GameStop soared 10% Thursday, prompting trades to be halted several times due to volatility. But there was no specific news to justify or explain the big pop. Other meme stocks, including AMC, Bed Bath & Beyond and Beyond Meat

CNN, CNN BUSINESS By David Goldman, CNN Business The American economy is super weird right now. Pretty much anyone who wants a job can have one. The economy is so hot that prices are surging faster than at any point since the 1980s. The housing market is on fire. Consumers are spending like crazy. Yet

By Paul R. La Monica, CNN Business Somebody cue the stock market’s park ranger: Bears are having a picnic on Wall Street this year. The meltdown of 2022 has wiped out more than $7 trillion in market value from the blue chip stocks in the S&P 500. The index is down nearly 18% since the

By Anna Bahney, CNN Business Mortgage rates moved higher this week, continuing an upward trend that has kept rates above 5% since mid-April. The 30-year, fixed-rate mortgage averaged 5.30% in the week ending May 12, up from 5.27% the week before, according to Freddie Mac. It is the highest since 2009 and well above the

By Allison Morrow, CNN Business Within the often head-scratching world of cryptocurrencies, there’s a small but growing sub-species known as “algorithmic stablecoins” that have some investors and regulators ringing alarm bells. This week, one popular so-called algo coin cratered, wiping out billions of dollars’ worth of value in just a few days. The coin, called