Money

By Paul R. La Monica, CNN Business The Dow fell nearly 130 points, or 0.4% Monday, but it still ended October up 14% — its best monthly gain since January 1976. The blue chips remain off by almost 10% this year, though. Meanwhile, the S&P 500, which closed down 0.8% Monday, has dropped about 20%

By Nicole Goodkind, CNN Business When will central banks stop raising interest rates? That’s the multi-trillion dollar question that has Wall Street analysts wearing wrist braces from shaking their Magic 8 Balls so hard. Unfortunately, the answer they’re receiving is “reply hazy, try again.” What’s happening: Last week, European Central Bank officials announced another massive

By Julia Horowitz, CNN Business European inflation has accelerated to a new record high as energy and food prices in the region continue to skyrocket. Prices across the 19 countries that use the euro increased at an annual rate of 10.7% in October, up from 9.9% in September, according to initial estimates released Monday. Energy

By Hanna Ziady, CNN Business Prices of wheat and corn on global commodities markets rose on Monday after Russia pulled out of a deal that had allowed some vital grain exports from Ukraine to pass through the Black Sea despite the war. Wheat futures on the Chicago Board of Trade jumped 5.5% on Monday to

By Paul R. La Monica, CNN Business The Federal Reserve is most likely going to raise interest rates by three quarters of a percentage point again on Wednesday, its fourth straight supersized hike. And it’s still possible another rate increase of that magnitude could come in December. But the big question for many investors —

By Frank Pallotta, CNN Business “Saturday Night Live” kicked off this week’s episode with Heidi Gardner leading a PBS NewsHour focused on three notable Republicans before the midterm elections in less than two weeks. First up was Herschel Walker, played by Kenan Thompson. “My name is Herschel Walker Texas Ranger,” Thompson as Walker said, kicking

By Peter Valdes-Dapena, CNN Business The Tesla Cyberquads for Kids, made by Radio Flyer, has been recalled because it doesn’t meet federal safety standards. Owners are being offered a full refund after they disable the electric all-terrain vehicle. Intended as toy, Radio Flyer said the Cyberquad for Kids was designed for riders aged eight and

By Nathaniel Meyersohn, CNN Business McDonald’s said this week that it sold half of its new Happy Meals geared toward adults –Cactus Plant Flea Market Boxes– in just four days. But four decades ago, when the first Happy Meal debuted, the company didn’t quite get it. “They were reluctant a little bit. They didn’t immediately

By Peter Valdes-Dapena, CNN Business The Pininfarina Battista is an astonishing car. Its base price, $2.2 million, is shocking, but so are its capabilities. With a maximum output of 1,900 horsepower from four electric motors, Automobili Pininfarina claims it can go from zero to 60 miles per hour in under two seconds. It probably took

By Anna Cooban, CNN Business Shoppers in the United Kingdom are snapping up energy-saving air fryers, electric blankets and slow cookers this winter as their fuel bills soar. Sales of hot air fryers were up 286% in September compared to the same month last year, according to market research company GfK. The portable appliance typically