Money

By Matt McFarland and Anna Cooban, CNN Business Shares of Porsche gained as much as 5% on their stock market debut in Frankfurt after Volkswagen spun out the premium sports car maker in one of Europe’s biggest listings on record. Volkswagen priced the Porsche initial public offering (IPO) at €82.50 ($80) a share, raising approximately

By Paul R. La Monica, CNN Business Having an executive allegedly bite someone’s nose might be the least of Beyond Meat’s problems. Investors have taken a big chomp out of Beyond Meat’s stock price as fears grow that the popularity of plant-based food may have reached a peak. Shares of Beyond Meat were around $16

By Julia Horowitz, CNN Business The Federal Reserve is laser-focused on stemming price increases in the United States. But countries thousands of miles away are reeling from its hardball campaign to strangle inflation, as their central banks are forced to hike interest rates faster and higher and a runaway dollar pushes down the value of

By Jordan Valinsky, CNN Business The US Chamber of Commerce and other trade groups filed a lawsuit against the Consumer Financial Protection Bureau over the agency’s recent attempt to examine discrimination in financial services, a move that the groups argue needs congressional approval. Several groups, which include American Bankers Association and Consumer Bankers Association and

By Paul R. La Monica, CNN Business US stocks and bonds rallied Wednesday after the Bank of England said it would buy UK government debt “on whatever scale is necessary” in an emergency intervention to halt a bond market crash. The Dow rose nearly 550 points, or 1.9%. It was the best day for the

By Chris Isidore, CNN Business Employers seem poised to pull back on the normal rush of seasonal hiring, which experts say is another warning bell for a possible recession. “We’ve not seen the normal September uptick in companies posting for temporary help,” said Julia Pollak, chief economist for ZipRecruiter. “Companies are hanging back and waiting

By Julia Horowitz, CNN Business Former Bank of England Deputy Governor Charlie Bean said the central bank will almost certainly announce an emergency interest rate hike before its next scheduled meeting in November, predicting that turmoil would continue to roil UK markets. Investors have lost faith in the government’s ability to manage the economy and

By Anna Cooban, CNN Business House prices in the United Kingdom could plummet by as much as 15% if the country presses ahead with its tax-slashing economic gamble. Credit Suisse said on Tuesday that UK house prices could “easily” fall between 10% and 15% over the next 18 months if the Bank of England aggressively

By Nicole Goodkind, CNN Business It’s been a cold, hard crypto winter. But signs of a thaw, spurred on by global currency chaos, are beginning to appear. What’s going on: Bitcoin rose to its highest level in more than a week on Tuesday, gaining more than 5% as the British pound and other currencies took