Money

By Nicole Goodkind, CNN Business US Stocks plummeted in early Tuesday trading as investors’ concerns of recession grew, but rebounded in the afternoon to close flat for the day. The Dow fell by about 130 points, or 0.4%, after being down nearly 700 points earlier in the day The S&P 500 gained 0.2% after dropping

By Alicia Wallace and Chris Isidore, CNN For the first time in nearly two months, crude oil prices have fallen below $100 a barrel, reflecting investors’ growing concerns about a US recession that could crimp demand for oil. The price of West Texas Intermediate crude tumbled as much as 10% Tuesday, to hit a low

CNN, CNNBUSINESS By Julia Horowitz, CNN Business When the latest data on consumer prices in the United States landed Wednesday, the headline number was ugly. Inflation surged to 9.1% in June, according to data from the Bureau of Labor Statistics. That was higher than economists polled by Refinitiv were forecasting. It was also much higher

By Jordan Valinsky, CNN Business Subway is launching a new menu, and it’s the most extensive makeover in the company’s nearly 60-year history. The main appeal of the sandwich chain is that people can make their own custom sandwiches. Yet the seemingly limitless combinations slowed down the speed of the lines at its restaurants. Subway’s

By Laura He, CNN Business The United States and China held talks Monday to discuss the huge challenges facing the global economy amid mounting speculation that some Trump-era tariffs could be cut to ease inflation and boost growth. US Treasury Secretary Janet Yellen and China’s Vice Premier Liu He — Beijing’s top economic official —

CNN By Laura He, CNN Business The United States and China held talks Monday to discuss the huge challenges facing the global economy amid mounting speculation that some Trump-era tariffs could be cut to ease inflation and boost growth. US Treasury Secretary Janet Yellen and China’s Vice Premier Liu He — Beijing’s top economic official

By Julia Horowitz, CNN Business If you’re an American visiting Italy, Greece or Spain this summer after a travel hiatus during the pandemic, you’re in luck: Meals, hotels and tours are more affordable in dollars than they’ve been in two decades. What’s happening: The euro has slumped to about $1.03, plunging more than 8% against

By Frank Pallotta, CNN Business The Minions went bananas at the box office this weekend. Illumination’s “Minions: The Rise of Gru” — the latest animated film in the Despicable Me franchise — made an estimated $125 million domestically for its four-day opening weekend, according to Universal. That gives the film the record for biggest opening

CNN By Frank Pallotta, CNN Business The Minions went bananas at the box office this weekend. Illumination’s “Minions: The Rise of Gru” — the latest animated film in the Despicable Me franchise — made an estimated $125 million domestically for its four-day opening weekend, according to Universal. That gives the film the record for biggest

CNN By Chris Isidore, CNN Business Flights at US airports appeared to be returning to normal on Monday after another difficult holiday weekend for passengers caused by a rash of canceled flights. Tracking service FlightAware showed about 2,000 flights to, from, or within the United States canceled between Thursday and Sunday, or 2% of scheduled

By Anna Cooban and Isil Sariyuce, CNN Business Turkey’s annual rate of inflation hit almost 80% in June — its highest level in about two decades. Consumer prices increased by 78.6% last month compared to June 2021, driven by the soaring cost of food and drink and transportation. Food prices have almost doubled in a

By Laura He, CNN Business Another major Chinese developer has defaulted on its debt, dealing a new blow to the ailing real estate sector in the world’s second largest economy. Shanghai-based Shimao Group failed to pay the interest and principal on a $1 billion bond due Sunday, according to a company filing to the Hong

Story by Reuters Indian police made fresh arrests at the weekend over the murder of a Hindu tailor in Rajasthan — a crime that sparked tensions between the Hindu majority and Muslim minority and a clampdown on protests and the internet to prevent them from escalating. Two Muslim men already under arrest for the murder,

By Ramishah Maruf, CNN While TikTok’s short-form videos are entertaining, that’s “just the sheep’s clothing,” a Federal Communications Commission official said, and the app should be removed from app stores because of security issues. But a TikTok executive, in a rare interview on CNN’s “Reliable Sources” on Sunday, claimed there are no security concerns linked

CNN By Ramishah Maruf, CNN While TikTok’s short-form videos are entertaining, that’s “just the sheep’s clothing,” a Federal Communications Commission official said, and the app should be removed from app stores because of security issues. But a TikTok executive, in a rare interview on CNN’s “Reliable Sources” on Sunday, claimed there are no security concerns

By Ramishah Maruf, CNN Business The Fourth of July marks the birth of American independence, the day the Declaration of Independence was adopted in 1776. Many will celebrate the federal holiday with fireworks and barbecues, and most workplaces will be closed throughout the country. Here’s what will be open and closed on Monday, July 4.

By Paul R. La Monica, CNN Business Forget about an apple (or Apple) a day. Healthcare stocks may help keep the investing doctor away. Shares of Apple have plunged more than 20% this year. The FAANGs of Big Tech and other momentum stocks have been hit hard due to worries about slowing earnings growth and