CNN – Business/Consumer

By Frank Pallotta, CNN Business The Academy Awards ceremony is Hollywood’s biggest night, and for decades, it was one of the most watched television events each year. Not anymore. Last year the broadcast experienced record low ratings, bringing in a mere 9.8 million viewers. Just eight years ago, the Oscars nabbed more than 40 million

By Lucy Bayly, CNN Business The bond market is flashing a warning sign that has correctly predicted almost every recession over the past 60 years: a potential inversion of the US Treasury note yield curve. An inverted yield curve is often seen as a signal that investors are more nervous about the immediate future than

By Nicole Goodkind, CNN Business Former Federal Reserve head Alan Greenspan has a keen interest in men’s underwear. Not because he’s preoccupied with the evolving fashions of nether garments — rather, he sees underwear sales as a key economic predictor. Sounds weird, right? But it’s just one of the many strange ways experts try to

By Oliver Darcy, CNN Business A judge in Washington D.C. on Thursday dismissed a high-profile case filed by a Washington Post politics reporter who alleged that the newspaper and its former top editor subjected her to unlawful discrimination after she publicly said that she had been the victim of sexual assault. The reporter, Felicia Sonmez,

By Matt Egan, CNN Business Inflation is so hot that Wall Street banks are falling over each other to predict the dramatic moves the Federal Reserve will have to make to cool prices off. Goldman Sachs raised eyebrows earlier this week by forecasting the Fed will raise interest rates by a half a percentage point

By Alicia Wallace, CNN Business Consumer sentiment slumped again in March, hitting its lowest level since August 2011, the University of Michigan reported Friday. High inflation, volatile oil prices, geopolitical unrest and now rising interest rates, have left consumers with a bitter taste about the state of the US economy. The March index was revised

By Abbas Al Lawati, CNN “It’s always nice to be wanted,” Qatar’s energy minister Saad Sherida al-Kaabi said in jest during an exclusive interview with CNN’s Becky Anderson on Thursday. “Everyone in Europe is talking to us,” he said. Qatar, one of the world’s top suppliers of liquefied natural gas (LNG), has been thrust into

By Frank Pallotta, CNN Business DC is taking a page from Marvel’s playbook comic book. Warner Bros. on Thursday released a deleted scene from “The Batman” showing more of the Caped Crusader’s greatest nemesis, The Joker. The scene is from the latest film based on the superhero, which hit theaters earlier this month. The five-minute-long

By Charles Riley, CNN Business North Atlantic shipping lanes are going to be very busy this year as an armada of US natural gas shipments heads to Europe, helping the continent to reduce its reliance on Russian energy following the invasion of Ukraine. The Biden administration said Friday that the United States will work with

By Matt Egan, CNN Business The war in Ukraine. Red-hot inflation. And rapid interest rate hikes. The economic recovery that began two years ago faces credible threats that could lead to its premature demise. The US economy has at least a one-in-three chance of sinking into a recession over the next 12 months, Moody’s Analytics

By Angela Dewan, International Climate Editor, CNN Nine European and US fossil fuel companies have paid a collective $15.8 billion to Russia in various forms of taxes and fees since the country annexed Crimea from Ukraine in 2014, a group of NGOs said Thursday. The groups, Global Witness, Greenpeace USA and Oil Change International, used

By Laura He, CNN Business China Eastern Airlines is grounding dozens of aircraft after a deadly crash earlier this week. The airline and its subsidiaries have temporarily grounded 223 Boeing 737-800 aircraft, airline spokesperson Liu Xiaodong said in a press conference on Thursday. The same type of plane was involved in the crash. The grounded