Money

By Julia Horowitz, CNN Business Investors are anxious, tired and gloomy as they digest the worst start to the year since 1970 and try to chart a path forward. But you wouldn’t know it from watching major stock indexes. What’s happening: The S&P 500 rallied more than 9% in July, its best month since November

By Laura He, CNN Business Global markets fell on Tuesday as investors feared US House Speaker Nancy Pelosi’s visit to Taiwan could severely escalate tensions with China. US and European equities followed Asian indexes down as investors weighed the market implications of the trip. Hong Kong’s Hang Seng Index fell 2.4%, and mainland China’s Shanghai

By Nathaniel Meyersohn, CNN Business A glimmer of relief is emerging at the checkout aisle: the return of discounts. Walmart, Best Buy, Gap, Target, Bath & Body Works and others are increasing promotions and lowering prices on merchandise to entice inflation-weary shoppers to buy extra goods sitting on their shelves. Months ago these chains stocked

By Anna Bahney, CNN Business So far this year, the real estate market has not been going the way many prospective homebuyers had hoped. Home prices — already at all-time highs — have continued to climb and mortgage rates have risen much faster than expected. While some buyers have forged ahead, others have put their

By Michelle Toh, CNN Business For years, KFC customers in China wondered why the chain didn’t sell chicken feet, which are a delicacy in the country. Now, “I can report back that for this year, for 2022, we are finally selling chicken feet,” Yum China CEO Joey Wat told CNN Business in an interview Monday.

Opinion by Emily Parker for CNN Business Perspectives Cryptocurrency is having an existential crisis. Last month, crypto lender Celsius filed for bankruptcy protection. It has frozen withdrawals since June 12, and it’s unclear if or when customers will get their money back. But Celsius is just one domino to fall. Crypto lender Voyager Digital also

By Julia Horowitz, CNN Business The highest oil prices in a decade. A renewed government focus on energy security. Huge demand for refining crude so it can be used as fuel. Conditions for Big Oil companies haven’t looked this good in years, and ExxonMobil, Chevron and Shell plan to ride the wave as long as

By Anna Cooban, CNN Business Europe’s biggest economy is suffering — and it could spell trouble for the whole continent. German retail sales slumped 8.8% in June compared with the same month a year ago, according to preliminary data from the country’s Federal Statistics Office released Monday. That’s the biggest drop since officials started keeping

By Julia Horowitz, CNN Business The 10-mile-long island of Schiermonnikoog is known as one of the most beautiful places in the Netherlands, boasting the widest beach in Europe, 300 different species of birds and a bustling tourist trade. But after the Dutch and German governments approved the development of a new gas field roughly 12

By Laura He, CNN Business Alibaba shares fell after US regulators added the stock to a growing list of Chinese firms that might be kicked off Wall Street if US auditors can’t inspect their financial statements. Alibaba slid as much as 6% in Hong Kong on Monday morning, but then pared losses to 3.8% in

By Anna Cooban, CNN Business Workers are fed up. More than two years into the pandemic, many have burned out, quit their jobs or are struggling to make ends meet as record inflation takes a huge bite out of their paychecks. But, for the past eight weeks, thousands of people in the United Kingdom have

By Laura He, CNN Business China’s embattled property giant Evergrande has failed to deliver a preliminary debt restructuring plan it had promised by July 31, leading to further concerns about the future of the world’s most indebted developer. The real estate company’s failure to meet its self-imposed deadline comes at a time when China’s entire

By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Penguin Random House announced its bid to acquire Simon & Schuster in November 2020. The deal — combining two of the top five book publishers in the United States —