CNN By Oliver Darcy, CNN Business Judgment Day arrived on Wednesday for Alex Jones — and he said that it felt like he landed in Hell. “This must be what Hell’s like,” the notorious right-wing conspiracy theorist said on an Infowars livestream as a Connecticut jury awarded plaintiffs a staggering nearly $1 billion in damages.
Continue ReadingBy Oliver Darcy, CNN Business Judgment Day arrived on Wednesday for Alex Jones — and he said that it felt like he landed in Hell. “This must be what Hell’s like,” the notorious right-wing conspiracy theorist said on an Infowars livestream as a Connecticut jury awarded plaintiffs a staggering nearly $1 billion in damages. The
Continue ReadingBy Jeanne Sahadi, CNN Business Inflation is soaring, markets are down and savings rates are still very low. But there’s one investment that offers a nearly 10% return for the next several months. But you’d need to act quickly. Until the end of this month, you have a chance to lock in a 9.62% rate
Continue ReadingBy Anna Cooban, CNN Business Postal workers in the United Kingdom are walking out during the busiest period of the year to demand higher pay as cost-of-living pressures mount. As many as 115,000 Royal Mail staff went on strike on Thursday to demand better pay and working conditions. It was the first of 19 days
Continue ReadingOpinion by Ryan Roslansky and Byron Auguste for CNN Business Perspectives The urgent business case for finding new ways of hiring has never been clearer. The demand for workers in the US is outpacing the supply, and finding the best talent is going to be increasingly difficult as the world navigates a period of heightened
Continue ReadingBy Nathaniel Meyersohn, CNN Business Prices at the grocery store continued to soar last month, adding even more pressure to shoppers’ wallets. The food at home index, a proxy for grocery store prices, increased 0.7% in September from the month prior and a stunning 13% over the last year, according to new government data released
Continue ReadingBy Tami Luhby, CNN Although Americans have been paying a lot more at the pump and the supermarket this year, they have largely been spared from price hikes for their job-based health insurance and doctor visits. But that’s about to change. Most workers can expect to see premiums and out-of-pocket costs increase in 2023 at
Continue ReadingBy Anna Bahney, CNN After taking a breather last week, mortgage rates rose again — moving even closer to 7%. The 30-year fixed-rate mortgage averaged 6.92% in the week ending October 13, up from 6.66% the week before, according to Freddie Mac. It is the highest average rate since April 2002. A year ago, the
Continue ReadingBy Parija Kavilanz, CNN Business New testing on a variety of popular branded sports bras and athletic wear has revealed high levels of BPA, a chemical compound that’s used to make certain types of plastic and can lead to harmful health effects such as asthma, cardiovascular disease and obesity. Sports bras sold by Athleta, PINK,
Continue ReadingBy Alicia Wallace, CNN Business A key inflation report showed consumer prices came in hotter than expected in September, punishing Americans and giving license to the Federal Reserve to maintain its pace of historic rate hikes. On a monthly basis, overall consumer prices increased by 0.4% from August, data released Thursday by the Bureau of
Continue ReadingBy Jackie Wattles, CNN Four astronauts are scheduled to return home from the International Space Station this week, capping off a nearly six-month mission in space, but rough weather at the crew’s splashdown site is forcing a delay. The astronauts — NASA’s Kjell Lindgren, Bob Hines and Jessica Watkins, as well as Italian astronaut Samantha Cristoforetti with the European
Continue ReadingBy Nicole Goodkind, CNN Business If market swings tell us anything, it’s that investors are rattled by economic uncertainty. The outlook remains cloudy with the possibility of recession on the horizon. Big bank earnings, coming Friday, could help clear some of that fog. Wall Street will be looking for clues about what’s to come as
Continue ReadingBy Hanna Ziady, CNN Business Western governments are furious after OPEC+ decided last week to slash oil production by the largest amount since the start of the pandemic. They have good reason to be upset: The cartel’s actions may tip the global economy over the edge, the International Energy Agency has warned. “With unrelenting inflationary
Continue ReadingCNN By Chris Isidore, CNN Business Alex Jones owes $965 million to eight family members of Sandy Hook shooting victims and a first responder. But it is far from clear how much of that money they’ll ever see. Jones was hit with that staggering jury award Wednesday for compensatory damages caused by his repeated lies
Continue ReadingCNN, CNNI By Hanna Ziady, CNN Business Western governments are furious after OPEC+ decided last week to slash oil production by the largest amount since the start of the pandemic. They have good reason to be upset: The cartel’s actions may tip the global economy over the edge, the International Energy Agency has warned. “With
Continue ReadingCNN By Oliver Darcy, CNN Business Far-right talk show host Alex Jones should pay eight families of Sandy Hook Elementary School shooting victims and one first responder $965 million in compensatory damages, a Connecticut jury decided Wednesday, capping a wrenching weeks-long trial that put on display the serious harm inflicted by the conspiracy theorist’s lies.
Continue ReadingBy Jordan Valinsky, CNN Business The family of Budweiser Clydesdales is growing. Warm Springs Ranch in Missouri, which breeds the iconic horses, announced last week that the “herd has officially grown by 2 members,” a colt and a filly, the ranch said on Twitter. Shortly after being born, the horses stood about 3 feet tall
Continue ReadingBy Oliver Darcy, CNN Business Far-right talk show host Alex Jones should pay eight families of Sandy Hook Elementary School shooting victims and one first responder $965 million in compensatory damages, a Connecticut jury decided Wednesday, capping a wrenching weeks-long trial that put on display the serious harm inflicted by the conspiracy theorist’s lies. With
Continue ReadingBy Chris Isidore, CNN Business No matter how you heat your home, the cost of that heat is likely to soar, according to a forecast Wednesday from the Energy Information Administration. Based on current estimates for fuel prices if, as forecast, there’s a slightly colder winter ahead, the EIA estimates that heating a home with
Continue ReadingBy Peter Valdes-Dapena, CNN Business General Motors unveiled a new, slightly bigger redesigned version of its cheapest entry-level SUV, the Trax. The new version looks much, much sleeker than the chunky little SUV it replaces and adds new features. But it also drops one major option while retaining what may be the SUV’s most important
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