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CNN By Donie O’Sullivan and Whitney Wild, CNN Business Calls for violence against members of the January 6 committee are circulating on some of the same online platforms that helped fuel the lies that led to the insurrection, a new analysis has found. Users on these platforms are openly calling for the execution of committee
Continue ReadingBy Julia Horowitz, CNN Business Fears of a recession and the Federal Reserve’s aggressive rate hikes have pushed investors to dump corporate debt in recent weeks. The sell-off hasn’t gotten as much attention as the bleeding in stocks or cryptocurrencies, but it’s been painful. What’s happening: A major exchange-traded fund that tracks blue chip bonds
Continue ReadingBy Nadine Schmidt and Mark Thompson, CNN Business Europe’s biggest economy is now officially running short of natural gas and is escalating a crisis plan to preserve supplies as Russia turns off the taps. Germany on Thursday activated the second phase of its three-stage gas emergency program, taking it one step closer to rationing supplies
Continue ReadingCNN By Laura He, CNN Business Some Chinese property developers are going to extreme lengths to attract buyers. From accepting grain or garlic as part payment, to offering live pigs as an incentive to buyers, the unusual sales tactics underline the dire state of China’s vast real estate industry. A collapse in sales has accelerated
Continue ReadingBy Hannah Ritchie, Rishabh Pratap, Rhea Mogul and Hilary Whiteman, CNN “They’re firing bullets, they’re firing bullets!” a voice yells on video over the sound of gunfire during clashes between police and Muslim protesters in the eastern Indian city of Ranchi. Footage posted to social media of the June 10 protest shows 15-year-old Mudassir Alam
Continue ReadingBy Alisha Ebrahimji, CNN A Black former contract worker at Tesla’s Fremont, California, factory turned down a judge’s offer for a reduced payout of $15 million in damages, thus setting the stage for a possible re-trial of his case. Tesla had requested a new trial after the man was originally awarded nearly $137 million in
Continue ReadingBy Alicia Wallace, CNN Business The record run-up in home prices and rents exacerbated the affordable housing crisis in the US, and rising interest rates stand to make it even worse, according to Harvard University’s annual State of the Nation’s Housing Report released Wednesday. Although quickly rising mortgage rates are already appearing to cool overheated
Continue ReadingBy Anna Chernova and Chris Liakos President Vladimir Putin said Wednesday that Russia is rerouting trade to “reliable international partners” such as Brazil, India, China and South Africa as the West attempts to sever economic ties. “We are actively engaged in reorienting our trade flows and foreign economic contacts towards reliable international partners, primarily the
Continue ReadingCNN By Nicole Goodkind, CNN Business Prominent Wall Street economists like Mark Zandi, investing luminaries like ARK Invest’s Cathie Wood and executives like JP Morgan Chase CEO Jamie Dimon can make recession predictions until they’re blue in the face, but their guidance will remain just that — an economic forecast. That’s because, in the United
Continue ReadingCNN By Alicia Wallace, CNN Business The US economy shrank at a slightly faster rate than previously estimated during the first quarter, the Bureau of Economic Analysis said Wednesday. With one quarter of negative economic growth in the books, the data adds to fears that a recession may be looming. Real gross domestic product declined
Continue ReadingBy Jeanne Sahadi, CNN Business US retirees have some advice for their younger selves, and by extension anyone who has yet to retire: Save more. Save earlier. Make a financial plan for retirement. And don’t forget to account for taxes and inflation — they’ll hit you harder than you expect. Those are key takeaways from
Continue ReadingBy Donie O’Sullivan and Whitney Wild, CNN Business Calls for violence against members of the January 6 committee are circulating on some of the same online platforms that helped fuel the lies that led to the insurrection, a new analysis has found. Users on these platforms are openly calling for the execution of committee members,
Continue ReadingBy Vasco Cotovio, CNN Pro-journalist and free speech non-government organization Reporters Without Borders (RSF) says it has evidence that Russian soldiers executed journalist Maks Levin in a forest near Kyiv on March 13. Levin, a Ukrainian photojournalist who worked with a number of major Western news outlets including Reuters and the BBC disappeared on March
Continue ReadingCNN By Donie O’Sullivan and Whitney Wild, CNN Business Calls for violence against members of the January 6 committee are circulating on some of the same online platforms that helped fuel the lies that led to the insurrection, a new analysis has found. Users on these platforms are openly calling for the execution of committee
Continue ReadingBy Matt Egan, CNN Business JPMorgan Chase is laying off employees this week in response to the spike in mortgage rates that has rocked the housing market. “Our staffing decision this week was a result of cyclical changes in the mortgage market,” JPMorgan said in a statement. Hundreds of JPMorgan employees will be laid off,
Continue ReadingBy Jordan Valinsky, CNN Business A report that the Food and Drug Administration might order Juul to pull its products from store shelves has sent shares of Altria plunging. The cigarette company owns a 35% stake in Juul. The Wall Street Journal reported Wednesday that the FDA could order the e-cigarette maker to remove its
Continue ReadingBy Paul R. La Monica, CNN Business Move over, GameStop and AMC. And forget about bitcoin and other cryptocurrencies. Revlon, the struggling makeup and cosmetics company that filed for bankruptcy last week, is the latest meme stock craze among the army of individual investors on Reddit. Shares of Revlon soared nearly 35% Wednesday afternoon in
Continue ReadingBy Danielle Wiener-Bronner, CNN Business For years, Kellogg’s has been synonymous with Froot Loops, Frosted Flakes, Special K and other cereals. Now, it’s focusing on snacks. Kellogg announced Tuesday that it is splitting into three separate companies, spinning off its US, Canadian and Caribbean cereal businesses into one group and its plant-based food businesses, including
Continue ReadingBy Alison Kosik, for CNN Business The NYC Rent Guidelines Board (RGB) has given the green light to allow landlords in New York City to hike rents on more than one million rent stabilized apartments. The RGB, which regulates rent stabilized apartments in Manhattan, voted 5 to 4 on Tuesday to approve raising rates on
Continue ReadingCNN, CNNBUSINESS By Julia Horowitz, CNN Business Europe and the United States have barred the import of Russian oil to cut off a crucial revenue source for the Kremlin. But the plan to pile pain on President Vladimir Putin, forcing him to reconsider his war in Ukraine, hasn’t worked. Russia’s government is making just as
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