By Chris Isidore, CNN Business As if consumers weren’t being squeezed enough by rising prices for a wide range of goods, this month’s blast of winter weather will mean that many Americans could face record high heating costs this year. Cold weather, ice and snow have blanketed much of the United States in recent days
Continue Reading By Chris Isidore, CNN Business As if consumers weren’t being squeezed enough by rising prices for a wide range of goods, this month’s blast of winter weather will mean that many Americans could face record high heating costs this year. Cold weather, ice and snow have blanketed much of the United States in recent days
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By Claudia Dominguez and Alaa Elassar, CNN SpaceX’s unmanned Dragon cargo ship successfully undocked from the International Space Station (ISS) Sunday morning and is making its return to Earth. The CRS-24 cargo ship successfully exited the Space Station’s “keep out sphere” at 10:40 a.m. after a previously scheduled attempt was postponed due to bad weather
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By Jordan Valinsky, CNN Business From M&Ms’ mascots becoming more inclusive to a bologna face mask, there was lots of wild food news this week. We’ve done the dutiful task of rounding it all up if you need a change of pace from the doom and gloom of all that other “news.” Here’s what happened:
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By Paul R. La Monica, CNN Business The Bank of England has already started to raise interest rates to fight inflation. The Federal Reserve is likely to follow soon. But how aggressive will America’s central bank be? Investors will be looking for clues when chair Jerome Powell holds a press conference after the Fed’s meeting
Continue Reading By Paul R. La Monica, CNN Business The Bank of England has already started to raise interest rates to fight inflation. The Federal Reserve is likely to follow soon. But how aggressive will America’s central bank be? Investors will be looking for clues when chair Jerome Powell holds a press conference after the Fed’s meeting
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By Hande Atay Alam and Isil Sariyuce, CNN A Turkish journalist has been sent to prison for “insulting” the nation’s President Recep Tayyip Erdogan. Sedef Kabas was arrested in Istanbul on Saturday following a live interview on the opposition TV channel Tele1 last Friday, according to Turkey’s state broadcaster Turkish Radio and Television, TRT Haber.
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By Kara Fox, CNN In the west of Ireland lies a medieval market town, its roots steeped in legend. Beyond the labyrinth of narrow streets of the center are the chimney stacks of housing developments that still puff coal and peat. Past those homes, on the outskirts of Ennis, is an unremarkable but huge plot
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By Kelly McCleary, CNN “Saturday Night Live” kicked off this week’s episode with a look back at President Joe Biden’s first year in office through the lens of Fox News host Laura Ingraham and her show, “The Ingraham Angle.” Cast member Kate McKinnon embodied the conservative host, telling her audience of Biden’s term so far,
Continue Reading By Kelly McCleary, CNN “Saturday Night Live” kicked off this week’s episode with a look back at President Joe Biden’s first year in office through the lens of Fox News host Laura Ingraham and her show, “The Ingraham Angle.” Cast member Kate McKinnon embodied the conservative host, telling her audience of Biden’s term so far,
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By Bridget O’Brian, CNN Business The quest for control of Kohl’s is heating up. On Saturday, the retailer received an unsolicited $9 billion bid to go private from a consortium backed by an activist investor, according to published sources. The hedge fund, Starboard Value LP, offered to buy the department store chain for $64 a
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By Diksha Madhok, CNN Business Bitcoin has lost almost half its value since its November high, with cryptocurrency prices continuing to plunge as major economies look to curb their growing popularity. And it’s not just Bitcoin, as cryptocurrencies in general have had a dismal start to the year. Bitcoin has fallen over 8% in the
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By Jackie Wattles and Pete Muntean, CNN Potentially abysmal air travel interruptions were narrowly avoided this week when wireless carriers made a last-minute change to their planned 5G rollout in response to fears that new cell service towers could interfere with a key component on passenger jets that allows them to safely land in low
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By Samantha Murphy Kelly, CNN Business Many mobile device users in the United States now have access to blazing-fast internet speeds stemming from the rollout of Verizon and AT&T’s new C-band 5G networks earlier this week. While telecom companies have rolled out 5G networks to various locations across the country over the last few years,
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By Anna Bahney Overheated home prices continue to show signs of cooling off a bit. Home prices rose 18.8% year-over-year in November, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. But that staggering jump was down from a 19.1% increase in October. For the past several months, prices have continued to rise
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By Anna Bahney, CNN Business If you’re one of many would-be homebuyers who got shut out of the real estate market last year, you might be hoping for better luck in 2022. The good news is that you probably won’t see the jaw-dropping jumps in home prices seen last year. But prices are still expected
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By Ramishah Maruf, CNN Business Inflation and supply chain snags have sent prices for everyday items soaring, from Tide laundry detergent to new cars. Here’s what CNN Business found got more expensive this week, and what might be next. Orange juice A combination of short supply and high demand has sent orange prices soaring. Frozen
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By Sara Ashley O’Brien, CNN Business Workers at an Activision Blizzard-owned game studio announced plans on Friday to form what would be the first union at the troubled gaming company. A group of quality assurance workers at Raven Software who largely work on the wildly popular “Call of Duty” series said they have garnered enough
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By Clare Duffy, CNN Business IBM said Friday that it will sell off the healthcare data and analytics assets housed under its Watson Health unit to private equity firm Francisco Partners. The deal signals that IT giant IBM is stepping back from its ambitions in the healthcare space as it focuses on building hybrid cloud
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Opinion by Karin Kimbrough for CNN Business Perspectives Entering year three of the pandemic, the labor market today looks markedly different from when we entered this crisis. At LinkedIn, my team of data scientists and economists has a unique view into how ways of working have shifted — through the lens of over 180 million
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