JetBlue makes offer for Spirit in attempt to derail deal with Frontier

JetBlue makes offer for Spirit in attempt to derail deal with Frontier

new York CNN Business — JetBlue Tuesday made an unsolicited $3.6 billion offer for low-fare rival Spirit Airlines in an attempt to derail a proposed deal between Spirit and Frontier Airlines. JetBlue’s cash offer is about 33% more than the value of Frontier’s stock-and-cash offer for Spirit. Such a transaction would stop a combined Frontier … Read more

China could make a U-turn to stop its companies being kicked off Wall Street

China could make a U-turn to stop its companies being kicked off Wall Street

hong kong CNN Business — China is extending an olive branch to the United States in a bid to prevent Chinese firms from being kicked off the US stock market. The China Securities Regulatory Commission, the country’s top securities watchdog, has proposed changing a decade-old rule that forbids Chinese firms from sharing sensitive data and … Read more

America’s job market is on fire. Here’s why it doesn’t feel like it

America's job market is on fire.  Here's why it doesn't feel like it

new York CNN Business — America’s economic recovery from the historic shock of the pandemic has been nothing short of extraordinary. However, consumers are feeling disparaged as they struggle with rising prices on everything from garden furniture and groceries to gas. Home prices have gone through the roof but with the Federal Reserve raising interest … Read more

America’s job market is on fire. Here’s why it doesn’t feel like it

America's job market is on fire.  Here's why it doesn't feel like it

new York CNN Business — America’s economic recovery from the historic shock of the pandemic has been nothing short of extraordinary. However, consumers are feeling disparaged as they struggle with rising prices on everything from garden furniture and groceries to gas. Home prices have gone through the roof but with the Federal Reserve raising interest … Read more

New fuel economy rules will require 49 mpg average within by 2025

New fuel economy rules will require 49 mpg average within by 2025

new York CNNBudget — The Biden administration Friday rolled out final emissions rules that will require cars and trucks to have an average fuel economy of 49 miles per gallon in just a few years. The rule comes as Americans are paying record prices for gas. Friday’s reading for the national average price for a … Read more

Recession risks are ‘uncomfortably high and moving higher,’ Mark Zandi says

Recession risks are 'uncomfortably high and moving higher,' Mark Zandi says

new York CNN Business — The war in Ukraine. Red-hot inflation. And rapid interest rate hikes. The economic recovery that began two years ago faces credible threats that could lead to its premature demise. The US economy has at least a one-in-three chance of sinking into a recession over the next 12 months, Moody’s Analytics … Read more

Google searches for electric vehicles set record in March

Google searches for electric vehicles set record in March

CNN — As gas prices soared and deepened the pain at the pump this month, consumers reacted by searching for — and possibly dreaming of — more fuel-efficient vehicle alternatives. Web search interest in electric vehicles reached a record high in the US in March, according to Google Trends. While high gas prices are certainly … Read more

March meme madness? GameStop and AMC soaring again

March meme madness?  GameStop and AMC soaring again

new York CNN Business — The same stocks are back. Shares of GameStop and AMC, two companies beloved by traders on Reddit and other social media platforms, are surging again. Shares of GameStop (GME) rose more than 30% Tuesday and were up another 16% Wednesday. AMC (AMC) soared 15% Tuesday and gained 20% Wednesday. GameStop … Read more

Premarket stocks: Risk of a US recession as high as 35%, Goldman Sachs says

Premarket stocks: Risk of a US recession as high as 35%, Goldman Sachs says

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. London CNN Business — Europe’s reliance on energy from Russia has jacked up the odds that the … Read more