CNN – Business/Consumer

By Paul R. La Monica, CNN The Federal Reserve is going to raise interest rates again on Wednesday. But will it be another half-point hike or just a quarter-point increase? And what about the rest of the year? The Fed’s actions beyond this week’s meeting will depend primarily on whether inflation is truly slowing. Investors

By Nathaniel Meyersohn, CNN If you drive down a busy suburban strip mall or walk down a street in a major city, chances are you won’t go long without spotting a Concentra, MedExpress, CityMD or another urgent care center. Demand at urgent care sites surged during the Covid-19 pandemic as people searched for tests and

By Jeanne Sahadi, CNN Now that more and more states are requiring companies to advertise salary ranges for open roles, you may assume the range is the range and you can’t negotiate for more. Not true. While the new pay transparency laws mean you’ll have more information about what an employer is willing to pay,

By Kara Scannell, CNN Federal prosecutors said FTX founder Sam Bankman-Fried contacted the former general counsel of the crypto trading platform earlier this month in a move they say may constitute witness tampering. A spokesperson for Bankman-Fried declined to comment. Prosecutors with the US attorney’s office for the Southern District of New York asked the

By Allison Morrow and Vanessa Yurkevich, CNN Before its collapse at the end of 2022, FTX was one of the biggest names in crypto. It boasted endorsements from celebrities like Tom Brady and Gisele Bundchen and its name was emblazoned on the Miami Heat’s home arena. Sam Bankman-Fried, its eccentric founder, graced the cover of

By Matt Egan, CNN A coalition of Republican-led states is suing the US Labor Department to block an imminent rule change that will allow 401(k) managers to consider climate change and other environmental, social and governance (ESG) factors when selecting investments. The coalition, led by Utah Attorney General Sean Reyes, argues the Labor Department rule

By Paul R. La Monica, CNN Goldman Sachs had a rough year in 2022. And CEO David Solomon was punished for that. Sort of. The investment banking giant said in a Securities and Exchange Commission filing Friday that Solomon received $25 million in annual compensation last year. While that is still a very large amount

By Jordan Valinsky, CNN Business An apparent shortage of pharmacists is forcing CVS and Walmart to reduce the hours of its pharmacies, as they close earlier in thousands of locations. Beginning in March, both retailers will either cut or shift the hours that their pharmacies operate in response to staffing shortages and waning consumer demand

By Alicia Wallace, CNN For the second month in a row, consumers said they are feeling better about the economy. The University of Michigan’s closely watched consumer sentiment index measured 64.9 for January, according to data released Friday. That’s up slightly from the preliminary reading of 64.6 earlier this month and 9% higher than December’s

By Anna Cooban, CNN China’s swift reopening after nearly three years of strict coronavirus controls could provide a much-needed boost to global economic growth, but may also stoke inflation just as it has shown signs of falling back. The revival of the world’s second largest economy — and its biggest consumer of commodities — threatens

By Nicole Goodkind, CNN As the Federal Reserve continues its inflation-fighting tightrope act, market moves suggest that investors may be feeling more at ease with the central bank’s actions. That’s not necessarily a good thing. What’s happening: The Fed is widely expected to reduce the pace at which it is hiking rates to a quarter

By Chris Isidore, CNN Chevron reported a record full-year profit of $36.5 billion, buoyed by high oil prices. Adjusted earnings for the year more than doubled from the $15.6 billion Chevron earned in 2021 and up 36% from its previous record profit set in 2011. The oil company’s fourth-quarter earnings came in at $7.9 billion,