CNN – Business/Consumer

By Peter Valdes-Dapena, CNN Business As the big Chrysler 300 sedan, with its trademark large square grille, approaches the end of an 18-year production run, the brand unveiled a special edition model in Detroit last Tuesday night. That model, the Chrysler 300C, comes with a 485-horsepower V8, but it could have had much more power

CNN By Alicia Wallace, CNN Business President Joe Biden expressed optimism about the direction of the US economy Sunday, saying America will be able to rein in historically high inflation and that he’s hoping the Federal Reserve will achieve a “soft landing” by slowing economic growth without going into recession. “I’m telling the American people

By Alicia Wallace, CNN Business President Joe Biden expressed optimism about the direction of the US economy Sunday, saying America will be able to rein in historically high inflation and that he’s hoping the Federal Reserve will achieve a “soft landing” by slowing economic growth without going into recession. “I’m telling the American people that

By Julia Horowitz, CNN Business Central banks are faced with the unenviable task of trying to put a lid on decades-high inflation without triggering harsh recessions that could unleash misery around the world. But Robert Shiller, a Nobel Prize-winning economist at Yale University, thinks they have no choice but to hold the line. “If we

By Laura He, CNN Business The future looked promising for Cherry in May last year, when she secured a prestigious internship at a major software firm, while still studying at a university in Wuhan. The company told her that she could start working for them full time, once she graduates. But her situation changed dramatically

By Emma Tucker, CNN When a TikTok user searches the social media app for information on top news stories, ranging from Covid-19 vaccines to school shootings, nearly 20% of the videos presented as search results contain misinformation, according to a research report published Wednesday. Researchers at NewsGuard, a journalism and technology tool that tracks online

CNN By Chris Isidore, CNN Business The 11th hour deal that prevented a crippling strike at the nation’s freight railroads is the biggest win for US unions in years. The agreement, reached in the early hours Thursday, kept more than 50,000 engineers and conductors on the job, and won members the changes in work rules

By Paul R. La Monica, CNN Business The Federal Reserve’s upcoming meeting on Wednesday will be one for the history books. The Fed will either raise rates by three-quarters of a point for the third consecutive time, to 3%, or it will hike them by an unprecedented one full percentage point to 3.25%. But what

By Anna Cooban, CNN Business Much of Britain came to a standstill on Monday for the funeral of Queen Elizabeth II. The government declared the day an official holiday to allow people to pay their respects, meaning that all banks, the London Stock Exchange (LSE), public offices and most businesses were shut. The short notice

By Nathaniel Meyersohn, CNN Business Inflation has made it hard to buy much with a buck these days. $1 pizza has disappeared. Dollar stores aren’t dollar stores anymore. So wouldn’t it make more sense to start paying with $2 bills instead? “If you had a $2 bill, perfect,” said Heather McCabe, a writer and $2

CNN By Michelle Toh and Yoonjung Seo, CNN Business Clark Park, a 35-year-old YouTuber, is one of many people in South Korea fed up with high food prices. That’s why he grabbed his camera and joined a huge throng of shoppers clamoring for cheap fried chicken one August morning at Homeplus, a hypermarket chain that

By Michelle Toh and Yoonjung Seo, CNN Business Clark Park, a 35-year-old YouTuber, is one of many people in South Korea fed up with high food prices. That’s why he grabbed his camera and joined a huge throng of shoppers clamoring for cheap fried chicken one August morning at Homeplus, a hypermarket chain that had