CNN – Business/Consumer

By Nicole Goodkind, CNN Business Wide leg jeans, butterfly clips and half-point rate increases: The 1990s are back. Earlier this month Federal Reserve chair Jerome Powell announced a half-percentage-point increase in interest rates, the largest hike in over two decades. Powell also indicated that he wouldn’t hesitate to do it again — a move straight

By Allison Morrow, CNN Business Goldman Sachs, fighting a war for talent amid scrutiny of the bank’s notoriously grueling work culture, is implementing a more flexible vacation policy to help staff “rest and recharge.” Senior bankers will now be able to take as many vacation days as they need, Goldman Sachs said in a memo

By Julia Horowitz, CNN Business US banks had a stellar run in late 2020 and 2021. Stocks in the sector soared roughly 80%, powered by the strong economic recovery and the promise of higher interest rates, which would allow them to make more money on loans. Now, it’s like the rally never happened. Bank shares

By Allison Morrow and Chris Isidore, CNN Business JetBlue is going hostile in its effort to acquire Spirit, the latest twist in an industry battle for the low-cost carrier. Spirit previously rejected a takeover offer from JetBlue, favoring an earlier deal to merge with fellow budget airline Frontier. Now, JetBlue is appealing directly to Spirit’s

By Michelle Toh, CNN Business One of China’s top investment bankers says the country’s stock markets appear to be nearing “the bottom.” Chinese markets have been battered in recent months by the impact of Beijing’s “zero Covid” policy, a real estate slump, aggressive regulation and jitters about the country’s close ties with Russia. So far

By Ramishah Maruf, CNN The GOP Senate primary in Pennsylvania reveals a lot about the state of the Republican Party — and how it uses the media. The seven candidates for the US Senate in the state have conducted at least 19 interviews across Fox and Newsmax so far this month, CNN’s chief media correspondent

Reuters Elon Musk on Saturday tweeted that Twitter’s legal team accused him of violating a nondisclosure agreement by revealing that the sample size for the social media platform’s checks on automated users was 100. “Twitter legal just called to complain that I violated their NDA by revealing the bot check sample size is 100!” tweeted

Opinion by Adam Weinberg for CNN Business Perspectives High school students and their parents devote an extraordinary amount of time and energy to the college search process. But then an odd thing happens once a student is accepted. Families tend to exhale — “All done!” — and mostly put college out of their mind until

By Danielle Wiener-Bronner, CNN Business Pizza places have always been experts when it comes to delivery, flexing with remote drop-offs and robot delivery cars. But now they’re facing a problem: not enough drivers. In early March, Domino’s then-CEO Ritch Allison warned that a driver shortage would be a drag on business. “Delivery driver staffing may

By Brian Stelter and Sharif Paget, CNN A spokesperson for Twitch said the company removed a livestream by the Buffalo grocery store massacre suspect less than two minutes after the violence started. The suspected shooter, an 18-year-old White man, shot and killed 10 people and injured three others at a supermarket in a predominantly Black