Gas prices are at 7-year highs, and Biden can’t do much about it
Americans are feeling pain at the pump -- and there's little the White House can do to shield them from it. (more…)
Lava flow thickens on La Palma after volcanic crater collapses
A river of red-hot lava gushing from the Cumbre Vieja volcano on Spain's La Palma thickened on Monday, after the north side of the crater...
Why everything changed for the Federal Reserve
Six weeks ago, the Federal Reserve was sending signals that it was time to start backing away from crisis-era support for the US economy. (more…)
The stock market is afraid again. Here’s what that means for your investments
It's been a wobbly week on Wall Street and CNN Business' Fear and Greed Index is flashing "Fear." (more…)
America to Wells Fargo: This is unacceptable
Federal regulators slapped Wells Fargo with yet another fine for failing to move fast enough to compensate customers who were victims of the bank's "unsafe...
Amazon adding 55,000 employees globally in first hiring push under CEO Andy Jassy
After growing its workforce to more than 1.3 million people in 2020, Amazon is planning to hire another 55,000 employees globally in the coming months,...
Hong Kong’s global banks brace for ‘cold war’ to escalate
Three quarters of the world's top banks do business in Hong Kong. But they've been getting squeezed by changes forcing them to fall in line...
Bitcoin’s price rises above $50,000 for the first time since May
Bitcoin has surged above the $50,000 mark, as the virtual currency continues to climb out of a months-long slump. (more…)
The case against Amazon: Key takeaways from the U.S. House antitrust report on digital markets
Coming in at 451 pages, the U.S. House Judiciary Committee antitrust subcommittee’s report this week on competition in digital markets is a comprehensive summary of...