Tag Archives: financial markets and investing

[ad_1] New York CNN Business  —  Tesla posted a solid quarter of earnings and record revenue, but now says it will fall short of its target for a 50% growth in the number of cars it sells this year. As recently as July it said it was still aiming for …

[ad_1] London CNN Business  —  UK Prime Minister Liz Truss has fired finance minister Kwasi Kwarteng and ditched a big part of her discredited economic strategy in a desperate bid to rescue her month-old premiership. At a Downing Street news conference, Truss said she was scrapping plans to reverse an …

[ad_1] New York CNN Business  —  Prices at the grocery store continued to soar last month, adding even more pressure to shoppers’ wallets. The food at home index, a proxy for grocery store prices, increased 0.7% in September from the month prior and a stunning 13% over the last year, …

[ad_1] New York CNN Business  —  Jerome Powell and other members of the Federal Reserve are obsessed with choking off inflation once and for all, even if the Fed’s series of aggressive rate hikes slow the economy to a crawl. That could be bad news for consumers, investors and Corporate …

[ad_1] A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN Business  —  September’s hotly anticipated jobs data ended up …

[ad_1] New Delhi CNN Business  —  On a late August evening in New Delhi, journalists’ phones started buzzing with messages. Indian billionaire Gautam Adani’s conglomerate had just launched a hostile bid to take over an influential broadcaster in the capital. The infrastructure tycoon is known for making bold and expensive …

[ad_1] A version of this story appeared in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. Washington CNN  —  With just weeks to go until the November midterms, four letters are haunting President Joe Biden and the Democrats: OPEC. Last week, the Organization …

[ad_1] A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN Business  —  The global bond market is having a …

[ad_1] CNN  —  President Joe Biden is “disappointed” the Saudi-led OPEC+ oil cartel agreed to cut output by 2 million barrels per day, the White House said Wednesday, as the threat of rising gas prices looms weeks ahead of critical midterm elections. The decision by the grouping of major oil …

[ad_1] London CNN Business  —  OPEC+ said Wednesday that it will slash oil production by 2 million barrels per day, the biggest cut since the start of the pandemic, in a move that threatens to push gasoline prices higher just weeks before US midterm elections. The group of major oil …