Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. CNN — When a company goes public it’s kind of like their bar mitzvah. They’ve reached adulthood and are ready to take responsibility for their actions. But a lot of companies … Read more
Washington, DC CNN — The Federal Reserve said Wednesday it will pause its rate hikes, keeping its benchmark lending rate at a 22-year high, while signaling fewer rate cuts next year. The move was widely expected, after the central bank signaled in recent weeks that it intended to wait for more data to understand how … Read more
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. CNN — US stocks typically see their worst performance of the year in September, but there are signs … Read more
CNN — When Hurricane Idalia slammed into Florida Wednesday morning, it became the eighth major hurricane to hit the Gulf Coast in the last six years. And it may not be the last; Atlantic hurricane season hasn’t yet peaked, and the Gulf of Mexico has been historically warm – more energy to fuel more deadly … Read more
CNN — More than half a million homes and businesses are without power in parts of Michigan and Ohio overnight into Friday as a forceful round of severe thunderstorms has brought heavy rains, strong winds and at least one confirmed tornado to the region. The storms marched from southern Michigan into Ohio overnight, threatening powerful … Read more