CNN – Business/Consumer

CNN, CNN BUSINESS By Matt Egan, CNN Business Turmoil on Wall Street is a feature, not a bug, of the Federal Reserve’s fight against inflation, according to former New York Federal Reserve President Bill Dudley. “What’s happening right now is exactly what the Federal Reserve wants to happen,” Dudley told CNN in an interview, referring

By Matt Egan, CNN Business The Federal Reserve helped rescue the economy from the worst pandemic in a century. That task may prove easy compared with the Fed’s next mission: crush inflation, without causing a recession. Achieving a so-called “soft landing” will be challenging because the jobs market is on fire. It’s so hot that

By Michelle Toh, CNN Business HSBC has long prided itself on being the bank that connects East and West. Now it’s under pressure to rethink that model after a challenge from its top shareholder, one of the most powerful finance companies in China. Ping An, China’s largest insurer, is pushing for HSBC to overhaul its

By Danielle Wiener-Bronner, CNN Business Popeyes started the chicken sandwich wars in 2019 — and it’s adding a new entree to the battle. The $4.99 ​​Buffalo Ranch Chicken Sandwich is available for a limited time starting Tuesday, and it features classic ingredients with a twist: hand-battered crispy chicken on a brioche bun with pickles, but

By Mark Thompson, CNN Business BP took a hit of more than $24 billion from ditching its business in Russia but reported a huge jump in profit for the first quarter. The UK-based energy giant said Tuesday that its underlying profit soared to $6.2 billion from $2.6 billion in the same period last year, boosted

CNN, CNNBUSINESS By Paul R. La Monica, CNN Business Investors are very nervous about what’s next for America’s economy, with market fear gauges spiking. But there are still some bright spots for investors seeking companies that may still report healthy earnings even in a further-weakened economy. The market is grappling with a lot: interest rate

CNN, CNNBUSINESS By Mark Thompson, CNN Business The European Union is proposing to ban all oil imports from Russia by the end of this year and remove the country’s biggest bank, Sberbank, from the SWIFT international payments network. But the plan immediately ran into opposition from EU countries seeking a longer transitional period, including Hungary,

CNN, CHANNEL 1, GETTY IMAGES, AP IMAGES, RUSSIA’S COMMUNISTS PARTY, KREMLIN, THE WALL STREET JOURNAL, C-SPAN By Mark Thompson, CNN Business Germany is ready to support a European ban on imports of Russian oil, and won’t be “blackmailed” by Moscow into paying for natural gas in rubles. Speaking to CNN’s Julia Chatterley on Monday, finance

By Mark Thompson, CNN Business Germany is ready to support a European ban on imports of Russian oil, and won’t be “blackmailed” by Moscow into paying for natural gas in rubles. Speaking to CNN’s Julia Chatterley on Monday, finance minister Christian Lindner said Germany would agree any new sanctions on Russia with its partners in

By Julia Horowitz, CNN Business As the economy began bouncing back from the coronavirus pandemic, interest in investment products that promoted good environmental, social and governance practices took off. But as markets have come under pressure this year, so-called “ESG” funds have started to struggle. What’s happening: Funds that prioritize responsible investments and ESG issues

CNN By Ramishah Maruf, CNN Reporting can be a risky profession, and in many parts of the world, it is becoming more dangerous than ever. This year to date, at least 17 journalists have been killed — and the real number is probably higher, CNN’s chief media correspondent Brian Stelter said on “Reliable Sources” Sunday.

By Parija Kavilanz, CNN Business Prices are going up for everything from food and cars to gas and clothes. Now, families can add summer camps to that growing list. Some 26 million children nationwide are expected to be enrolled in camps this year after schools wind down in just a few weeks. “Demand is extremely