Money

By Jeanne Sahadi, CNN Business Inflation is high and interest rates are expected to rise this year. So what does that mean if you’re investing in bonds? You’ve probably heard that when rates rise, bond prices fall. And if you already own bonds either directly or through a bond fund, this is not great news.

By Jon Sarlin, CNN Business It’s like seeing double. The virtually rendered bright yellow Honda Civic Type R Limited Edition that AJ Vanover is racing in Forza Horizon 5 on his new Xbox Series X — which sits next to an equally fresh Nintendo Switch and PS5 — on his new 70″ TV looks almost

By Matt Egan, CNN Business Home Depot has a plan to combat the worker shortage: Speedy job offers. The world’s largest home improvement retailer said Tuesday that job applicants “could receive an offer within one day of applying.” Home Depot said the “accelerated” hiring process is part of its plan to hire more than 100,000

By Anneken Tappe, CNN Business Last year was a historic one for American jobs. A record number of workers quit their jobs while US employers had more positions to fill than ever before. In December, 4.3 million Americans quit their jobs, down slightly from the record 4.5 million in November, the Bureau of Labor Statistics

By Chris Isidore, CNN Business In 2021, ExxonMobil posted its largest profit in seven years, as soaring energy prices added more than $100 billion in revenue to the company’s top line. The nation’s largest oil company earned $23 billion for the year, compared to a loss of $1.4 billion, excluding special items, in 2020. The

By Julia Horowitz, CNN Business Stocks haven’t experienced a start to the year this rough in a very long time. What’s happening: After rallying almost 27% in 2021, the S&P 500 finished January down 5.3%. It was the index’s worst January since 2009. The tech-heavy Nasdaq Composite shed 9%, its worst kickoff since 2008. It’s

By Peter Valdes-Dapena, CNN Business Aston Martin has unveiled a new version of the British luxury brand’s first SUV. Called the DBX707, it’s powered by a 697-horsepower turbocharged V8 engine, and Aston is calling it “the world’s most powerful luxury SUV.” The claim depends, to some degree, on how you define a “luxury SUV.” Aston

By Charles Riley, CNN Business The UK government has threatened to take action against Kremlin-linked oligarchs who have turned London into their playground if President Vladimir Putin orders an invasion of Ukraine. But decades of loose regulation and courting of Russian investors mean that some Putin allies are now so deeply integrated into UK society

By Jennifer Korn, CNN Business The New York Times has acquired Wordle, the explosively popular game that gives players six chances to guess a five-letter word daily. The Times, which announced the purchase of the game on Monday, is adding the puzzle to their portfolio of word games such as The Crossword, The Mini and

By Gregory Wallace and Pete Muntean, CNN The United Aviate Academy officially opened Thursday outside Phoenix, putting the school’s first class of about 60 students on a streamlined path to a new career. “I am very excited for it,” student pilot Adela Gallegos told CNN. The 23-year-old studied business administration in college and had no