Category Archives: CNN – Business

Business upticks show how Americans are recovering from the pandemic

Business upticks show how Americans are recovering from the pandemic

America hit a milestone Friday: 300 million people in the country have received at least one dose of the Covid-19 vaccine. And as the number of vaccinations continues to rise, so do the signs the nation is getting back to business. Here’s a list of some indicators that the United States is recovering from the…MORE

The housing market is on fire. The Fed keeps adding gasoline

Bidding wars. All-cash offers. Homes selling for $1 million over asking. The housing boom has officially reached the ridiculous stage. Despite surging home prices that are rising at the fastest pace on record, the Federal Reserve continues to prop up the housing market by purchasing $40 billion of mortgage bonds each month. And while the…MORE

3.5 million Black American households have a negative net worth, new study finds

3.5 million Black American households have a negative net worth, new study finds

Editor’s note: An earlier version of this story and headline misstated the findings of the McKinsey study on wealth. It has been updated and corrected. An estimated 19% of Black American families, roughly 3.5 million households, have a negative net worth because of due to a history of discriminatory policies from the government and private…MORE

Grocery stores are excited to charge you higher prices

Grocery stores are excited to charge you higher prices

You might not be excited about paying higher prices for meat and vegetables, but your grocery store is thrilled. The rising prices for staples like milk and pork affect grocery stores too, as they have to pay more to their suppliers. But while they are raising prices under the guise of increasing supplier costs, they’re…MORE

Dow plummets more than 500 points as volatility returns to stock market

Dow plummets more than 500 points as volatility returns to stock market

Are the Wild West days of intense market volatility back on Wall Street? Stocks slid Friday after St. Louis Federal Reserve President James Bullard told CNBC he thinks the Fed should raise interest rates as soon as the end of next year. The Dow fell more than 530 points Friday, a drop of around 1.6%.…MORE

Oat milk is everywhere. Here’s why

Oat milk is everywhere. Here’s why

It’s been a big year for America’s oat milk fans — and the companies serving them. In March, Starbucks rolled out the option only to sell out a month later. Silk added oat milk to its line of plant-based milks in April. Oatly had a splashy IPO in May. And a slew of new ad…MORE

Real estate market madness is everywhere

Real estate market madness is everywhere

Low inventory and surging demand have sent house prices soaring around the world, raising concerns about how long the red-hot market can be sustained. What’s happening: The International Monetary Fund’s Global House Price Index, which tracks 57 countries, has surpassed its prior peak from 2008. According to Oxford Economics, house prices are growing at over…MORE

Why Wall Street is in such a rush to get workers back to the office

Why Wall Street is in such a rush to get workers back to the office

Wall Street is wasting no time getting its employees back into the office — whether they want to be there or not. Morgan Stanley CEO James Gorman warned this week he’ll be “very disappointed” if workers aren’t back by Labor Day. And if they’re not? “Then we’ll have a different kind of conversation,” he said.…MORE