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By Peter Valdes-Dapena, CNN Business Hertz has agreed to purchase up to 175,000 electric vehicles from General Motors over the next five years. This follows earlier announcements that Hertz would buy 100,000 electric cars from Tesla and another 65,000 from the Volvo spin-off brand Polestar. Hertz plans to purchase vehicles from all four of GM’s

By Paul R. La Monica, CNN Business Prospective home buyers are getting hit by a double whammy of bad news: Prices remain prohibitively high for many consumers, largely due to low supply. Mortgage rates have also skyrocketed to their highest level in 14 years. That is weighing on demand for both new home construction as

By Matt Egan A comprehensive gauge on the health of the US economy dropped in August for the sixth straight month, reinforcing concerns about a possible recession. The Conference Board said Thursday that its Leading Economic Index for the United States dipped last month. The index, which tracks a range of metrics capturing activity in

By Frank Pallotta, CNN Business Amazon hit it big with its “Thursday Night Football” debut. The tech giant’s first exclusive NFL game, which saw the Kansas City Chiefs edge out the Los Angeles Chargers 27 to 24, averaged 13 million viewers last Thursday, according to Nielsen. Amazon added that, per its “first party measurement and

Martha C. White As prices continue to rise, Americans are becoming increasingly reliant on credit cards to make purchases. And now, with the Federal Reserve’s latest three-quarter-percentage point hike, many of them will be paying more for the debt they’ve been accumulating. Interest rates on nearly all credit cards and home equity lines of credit

By Nicole Goodkind, CNN Business JPMorgan Chase CEO Jamie Dimon testified on Capitol Hill Thursday for the second straight day. This time, he faced his longtime critic Sen. Elizabeth Warren. Warren began her line of questioning by asking how many instances of fraud had been reported to his bank from customers using Zelle, a popular

By Oliver Darcy, CNN Business Conspiracy theorist Alex Jones tangled Thursday in an explosive courtroom exchange with an attorney for families of Sandy Hook victims who have sued him in Connecticut, prompting an admonishment from the judge and warning that they could be held in contempt if they violate court rules moving forward. The warning

By Oliver Darcy, CNN Business Jake Tapper is moving to primetime as part of a sweeping set of programming changes CNN announced Thursday that will take effect through the midterm elections. Tapper, the network’s lead Washington anchor, will anchor the 9 p.m. hour starting October 10 and continuing until November 11. “The world has come

By Parija Kavilanz, CNN Business Halloween is still a month away, but Walmart is ready for Christmas. Walmart on Thursday said it’s getting the ball rolling on its year-end holiday shopping season at its stores and online as early as next month. Noting that more than half of its customers make their holiday shopping plans

By Junko Ogura, Emi Jozuka and Kathleen Benoza Japan tried to shore up the value of its currency Thursday by buying yen and selling US dollars for the first time in 24 years. The yen had earlier plunged to its lowest level since 1998 after the Federal Reserve hiked interest rates aggressively while the Bank