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Fed hikes rates by three quarters for third straight CNN Business

Fed hikes rates by three quarters for third straight CNN Business

Washington DC CNN Business — The U.S. Federal Reserve made history on Wednesday, approving a third straight 75 basis point rate hike in an aggressive response to white-hot inflation plaguing the U.S. economy. A massive rate hike that markets couldn’t understand a few months ago lifted the central bank’s benchmark lending rate to a new …

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layoffs. loss. Shares plummeted.These pandemic winners are struggling right now | CNN Business

layoffs. loss. Shares plummeted.These pandemic winners are struggling right now | CNN Business

New York CNN Business — Amid the economic turmoil of the pandemic, few companies have prospered more than Peloton. With people unable (or unwilling) to go to the gym, consumers are rushing to buy its fitness equipment and, more importantly, sign up for its online classes. Peloton reported first-quarter profit for the 2020 calendar year, …

layoffs. loss. Shares plummeted.These pandemic winners are struggling right now | CNN Business Read More »