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By Chris Isidore and Betsy Klein, CNN Business Worried about supply chain problems that are already causing problems for the nation’s economy, President Joe Biden took action Friday to prevent 115,000 US railroad workers from going on strike as planned early Monday morning, A strike would have brought nearly 30% of the nation’s freight to

By Matt McFarland, CNN Business 47 Hertz customers have filed a lawsuit against the rental company that describes horror stories after they were allegedly falsely reported as having stolen its rental cars, and in some cases even jailed. The plaintiffs allege being blind-sided by arrests — sometimes at gunpoint — and in some cases spending

By Nicole Goodkind, CNN Business US stocks surged Friday as an end-of-week rally gained momentum and sent the Dow up over 600 points. A new batch of bank earnings and economic data Friday morning increased investors’ optimism about the state of the economy and lessened worries that the Federal Reserve could raise rates by a

CNN, CNN BUSINESS By Matt McFarland, CNN Business The problem with trees is that they are too slow. Part of the issue with catastrophic climate change is that, by some measures, an incredible amount of damage is already done. Even if all the coal-fired power plants were magically turned into wind and solar overnight, and

By Kathryn Vasel, CNN Business Many employers have made it clear that they want their workers to return to the office — at least part of the time. But some employees, who have spent the last two years working almost entirely remotely, are wondering why they need to return to in-person work at all. Gas

CNN, CNN BUSINESS Martha C. White Although prices at the pump serve as one of the most prominent symbols of rampant inflation, economists are more worried about the spillover effects of price spikes for another major source of fuel: diesel. Diesel plays an outsized role in consumer prices because it and its chemical cousins, jet

CNN By Laura He, CNN Business China’s banking regulator has pledged to boost lending to help developers finish stalled property projects and boost buyers’ demand, as a growing mortgage boycott by homebuyers exacerbates the country’s real estate woes. The China Banking and Insurance Regulatory Commission (CBIRC) reiterated Thursday that it will provide “active credit support”

By Nicole Goodkind, CNN Business US markets took a beating on Thursday as big bank earnings delivered disappointing results. Markets and the economy have endured three turbulent months. The Federal Reserve’s rate rise regime and Russia’s invasion of Ukraine have slammed investor and borrower sentiment. The financial sector is hurting, too. Analysts expect earnings to

By Laura He, CNN Business China’s economy has recorded its worst quarterly performance in over two years, after months of harsh Covid lockdowns wreaked havoc across the country. Gross domestic product in the world’s second largest economy expanded by just 0.4% in the three months to June 30, compared with the same period last year,