Money

By Nicole Goodkind, CNN Business If market swings tell us anything, it’s that investors are rattled by economic uncertainty. The outlook remains cloudy with the possibility of recession on the horizon. Big bank earnings, coming Friday, could help clear some of that fog. Wall Street will be looking for clues about what’s to come as

By Hanna Ziady, CNN Business Western governments are furious after OPEC+ decided last week to slash oil production by the largest amount since the start of the pandemic. They have good reason to be upset: The cartel’s actions may tip the global economy over the edge, the International Energy Agency has warned. “With unrelenting inflationary

By Oliver Darcy, CNN Business Far-right talk show host Alex Jones should pay eight families of Sandy Hook Elementary School shooting victims and one first responder $965 million in compensatory damages, a Connecticut jury decided Wednesday, capping a wrenching weeks-long trial that put on display the serious harm inflicted by the conspiracy theorist’s lies. With

By Chris Isidore, CNN Business No matter how you heat your home, the cost of that heat is likely to soar, according to a forecast Wednesday from the Energy Information Administration. Based on current estimates for fuel prices if, as forecast, there’s a slightly colder winter ahead, the EIA estimates that heating a home with

By Peter Valdes-Dapena, CNN Business General Motors unveiled a new, slightly bigger redesigned version of its cheapest entry-level SUV, the Trax. The new version looks much, much sleeker than the chunky little SUV it replaces and adds new features. But it also drops one major option while retaining what may be the SUV’s most important

By Hanna Ziady, CNN Business The French government has ordered staff at an ExxonMobil refinery to return to work, taking the extraordinary measure after a weeks-long strike led to fuel shortages, with drivers lining up for miles to refill their tanks. The energy ministry said in a statement on Wednesday that it was requisitioning staff

By Chris Isidore, CNN Business A key measure of inflation increased faster than expected in September, raising concerns that the Federal Reserve’s aggressive rate hikes are having limited impact in bringing inflation under control. The US Producer Price Index, which tracks what America’s producers get paid for their goods and services, rose at an annual

By Parija Kavilanz, CNN Business Let’s admit it: Adults have basically been dressing like kids these past two years — opting for comfy PJs, sweats, joggers, shorts and T-shirts for sleeping, lounging and yes, working. Recognizing that all-day “casual comfort” is now an acceptable sartorial standard, even for adults, kids’ clothing seller The Children’s Place