By Jeanne Sahadi, CNN Business Whether or not the US economy falls into an official recession, there are still plenty of difficult financial and economic factors hitting investors and consumers. Take inflation. Prices in May rose 8.6% from a year ago — the fastest rate in 40 years. Add to that stocks that are now
Continue Reading By Paul R. La Monica, CNN Business The first half of the year was lousy for investors as stocks sank, cryptocurrencies crashed and even the supposedly less risky bond market performed poorly. That bond slump is bad news for conservative investors, retirees living on a fixed income and anyone trying to buy a house. But
Continue Reading By Catherine Thorbecke and Jennifer Korn, CNN Business Instagram-friendly meal kit service Daily Harvest is facing a firestorm of online backlash over the voluntary recall of one of its products, after a slew of people who consumed it reported becoming ill with mysterious symptoms, including extremely elevated liver enzymes. The direct-to-consumer brand has long utilized
Continue Reading By Chloe Melas, CNN Business Maria Shriver and Patrick Schwarzenegger are on a mission to educate you on your brain health. Shriver has been an outspoken advocate about Alzheimer’s. Her father, Robert Sargent Shriver, was diagnosed with the disease in 2003. That inspired her to create the nonprofit, The Women’s Alzheimer’s Movement. Now she and
Continue Reading By Chloe Melas, CNN Business Maria Shriver and Patrick Schwarzenegger are on a mission to educate you on your brain health. Shriver has been an outspoken advocate about Alzheimer’s. Her father, Robert Sargent Shriver, was diagnosed with the disease in 2003. That inspired her to create the nonprofit, The Women’s Alzheimer’s Movement. Now she and
Continue Reading By Samantha Murphy Kelly, CNN Business Seara Adair, a mother of two young daughters from Atlanta, revealed in a TikTok video last year that she was sexually abused by a family member as a child. In the next few weeks, her follower count grew by tens of thousands, many of whom appeared to be minors.
Continue Reading By David Goldman and Mark Thompson, CNN Business Russia has defaulted on its foreign debt for the first time since the Bolshevik revolution more than a century ago. Following reports that Moscow had failed to pay about $100 million in interest on two bonds during a 30-day grace period that expired Sunday, the White House
Continue Reading By David Goldman and Mark Thompson, CNN Business Russia has defaulted on its foreign debt for the first time since the Bolshevik revolution more than a century ago. Following reports that Moscow had failed to pay about $100 million in interest on two bonds during a 30-day grace period that expired Sunday, the White House
Continue Reading By Julia Horowitz, CNN Business Europe and the United States have barred the import of Russian oil to cut off a crucial revenue source for the Kremlin. But the plan to pile pain on President Vladimir Putin, forcing him to reconsider his war in Ukraine, hasn’t worked. Russia’s government is making just as much money
Continue Reading By Jordan Valinsky, CNN Business Cinnabon’s newest menu item is missing its cinn-onymous ingredient. For the first time ever in the United States, the sweet treat chain is selling a new food item that doesn’t contain cinnamon. Until September, the chain is selling Chocolate BonBites, which are bite-sized chocolate rolls that Cinnabon describes as a
Continue Reading By Diksha Madhok, CNN Business Some of the world’s wealthiest nations are banning the import of Russian gold to further tighten the vise on Russia’s economy. US President Joe Biden announced Sunday that the United States will ban Russian gold, the country’s second most valuable export after energy. Gold exports were worth £12.6 billion ($15.5
Continue Reading By Diksha Madhok, CNN Business Some of the world’s wealthiest nations are banning the import of Russian gold to further tighten the vise on Russia’s economy. US President Joe Biden announced Sunday that the United States will ban Russian gold, the country’s second most valuable export after energy. Gold exports were worth £12.6 billion ($15.5
Continue Reading By Chuck Johnston, CNN At least 730 flights were canceled across the United States on Sunday evening, according to the flight-tracking website FlightAware. Delta Air Lines alone canceled at least 224 flights on Sunday. United Airlines canceled 71 flights and American Airlines canceled 66 flights. CNN has reached out to the three airlines for comment
Continue Reading By Ramishah Maruf, CNN The overturning of Roe v. Wade is “one of the most important stories of our lifetime,” CNN’s chief media correspondent Brian Stelter said on “Reliable Sources” Sunday. But in 1973, the day after the decision came down, the main headline on many major newspapers was that former president Lyndon B. Johnson
Continue Reading By Ramishah Maruf, CNN The overturning of Roe v. Wade is “one of the most important stories of our lifetime,” CNN’s chief media correspondent Brian Stelter said on “Reliable Sources” Sunday. But in 1973, the day after the decision came down, the main headline on many major newspapers was that former president Lyndon B. Johnson
Continue Reading By Parija Kavilanz, CNN Business The chaotic mix of record fuel prices and an unending supply chain crisis have retailers considering the unthinkable: Instead of returning your unwanted items, just keep them. In recent weeks, some of the biggest store chains, including Target, Walmart, Gap, American Eagle Outfitters and others have reported in their latest
Continue Reading By Ramishah Maruf, CNN It’s the question everyone is asking: Are we about to enter a recession? A tepid stock market, soaring inflation, and rising interest rates have left Americans less than optimistic about the state of the economy. Consumer sentiment has plunged to a record low, according to a University of Michigan survey released
Continue Reading By Paul R. La Monica, CNN Business All things considered, video game leader Electronic Arts is having a pretty decent year despite inflation worries, recession fears and other macroeconomic headwinds. Shares of EA are only down about 2% in 2022, a drop that’s not nearly as bad as the rest of the tech sector, which
Continue Reading By Julia Horowitz, CNN Business Europe and the United States have barred the import of Russian oil to cut off a crucial revenue source for the Kremlin. But the plan to pile pain on President Vladimir Putin, forcing him to reconsider his war in Ukraine, hasn’t worked. Russia is making just as much money from
Continue Reading By Zoe Sottile, CNN Solar-powered patio umbrellas sold exclusively at Costco have been recalled in the United States and Canada after some umbrellas caught fire, authorities said. The US Consumer Product Safety Commission (CPSC) in a news release urged customers to “immediately stop using” the SunVilla 10 foot Solar LED Market Umbrella. The umbrellas were
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