Money

By Anneken Tappe, CNN Business Wall Street approved of President Joe Biden’s intention to nominate Jerome Powell for a second term at the helm of the Federal Reserve. But the initial jolt in the stock market didn’t last until the close. The market opened in the green and kept rising. But half-way through the session

By Julia Horowitz, CNN Business When it comes to influence over the global economy, few people in the world are more powerful than Jerome Powell, chair of the US Federal Reserve. This week, investors may learn whether he’s tapped for another four-year term or out of a job. What’s happening: President Joe Biden is expected

By Laura He, CNN Business A Chinese central official has warned that stagflation could weigh on an already struggling economy next year. It’s the latest sign that the government may be thinking about taking some aggressive steps to address slowing growth, including its first lending rate cut since early 2020. Liu Shijin, a member of

By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Every month or so, while conversing with sources at Fox News, I express surprise that Jonah Goldberg and Stephen Hayes are still employed by the network. After all, the two

By Ramishah Maruf, CNN Business What began as a Pulitzer Prize-winning New York Times Magazine cover story, the 1619 Project has now produced two books: one for adults, “A New Origin Story” and a children’s book, “Born on the Water.” But even though the 1619 Project books were just released earlier this week, states such

By Frank Pallotta, CNN Business In 1984, “Ghostbusters” became one of the most popular comedies in film history. Now, nearly four decades later, audiences answered the call at the ticket booth for a new sequel in the spooky franchise. “Ghostbusters: Afterlife” — which stars Paul Rudd, Mckenna Grace and Finn Wolfhard — took in an