The German government has stepped in to bail out one of its biggest energy companies — the latest casualty of Europe's natural gas crisis. Gas distributor Uniper will receive up to €15 billion ($15.3 billion) from the government after months of Russian supply cuts and soaring spot market prices have brought it to its knees. Uniper is Germany's largest importer of gas, its Finnish parent company Fortum said in a Friday press release. * Under the rescue deal, the government has commit...

The German government has stepped in to bail out one of its biggest energy companies — the latest casualty of Europe's natural gas crisis. Gas distributor Uniper will receive up to €15 billion ($15.3 billion) from the government after months of Russian supply cuts and soaring spot market prices have brought it to its knees. Uniper is Germany's largest importer of gas, its Finnish parent company Fortum said in a Friday press release. * Under the rescue deal, the government has commit...

Is America's economy already in a recession? That's a debate among central bankers, investors and economists, not to mention politicians. But one thing is clear: Some consumers, especially less affluent ones, are starting to have trouble paying their bills on time. Results from credit card companies and wireless carriers this week highlighted that warning sign. On Thursday, credit card giants Discover (DFS) and Capital One (COF) both missed analysts' expectations for their quar...

Is America's economy already in a recession? That's a debate among central bankers, investors and economists, not to mention politicians. But one thing is clear: Some consumers, especially less affluent ones, are starting to have trouble paying their bills on time. Results from credit card companies and wireless carriers this week highlighted that warning sign. On Thursday, credit card giants Discover (DFS) and Capital One (COF) both missed analysts' expectations for their quar...

Inflation is at a 40-year high and the Federal Reserve is aggressively hiking interest rates. Economic growth is slowing and, and so is the job market. Cracks are forming in the home-building and home-buying markets as mortgage rates have surged. Consumer sentiment has plunged. No wonder stocks are in bear territory. Alongside the slow, steady drip of sour economic data, investors have fallen into a foul mood. CNN Business' Fear & Greed index has been stuck in "Fear" territory for months...

Inflation is at a 40-year high and the Federal Reserve is aggressively hiking interest rates. Economic growth is slowing and, and so is the job market. Cracks are forming in the home-building and home-buying markets as mortgage rates have surged. Consumer sentiment has plunged. No wonder stocks are in bear territory. Alongside the slow, steady drip of sour economic data, investors have fallen into a foul mood. CNN Business' Fear & Greed index has been stuck in "Fear" territory for months...

In April, the World Bank reviewed its growth prediction for Latin America and the Caribbean to 2.3% this year, shredding 0.4 percentage points due to the impact of the war in Ukraine and the global rise in world's prices. At the same time, the Bank estimated Latin American countries have lost the equivalent of 1.7% of their GDP due to climate related disaster over the last twenty years, and expects Latin America's agriculture to be on the line of fire as the planet grows warmer. As ...

In April, the World Bank reviewed its growth prediction for Latin America and the Caribbean to 2.3% this year, shredding 0.4 percentage points due to the impact of the war in Ukraine and the global rise in world's prices. At the same time, the Bank estimated Latin American countries have lost the equivalent of 1.7% of their GDP due to climate related disaster over the last twenty years, and expects Latin America's agriculture to be on the line of fire as the planet grows warmer. As ...

Lyndhurst's effort opened the door for the Buena Park employees, Zapcic said. The California show features 50 cast members, who had already been discussing safety problems due to being overworked, she said, and had gathered signatures for a union petition by late July. The Buena Park location did not respond to CNN's request for comment. They filed a petition with the NLRB on July 22, and a date for a vote has not been set.'Starting drama'In June, employees of the Lyndhurs...

Lyndhurst's effort opened the door for the Buena Park employees, Zapcic said. The California show features 50 cast members, who had already been discussing safety problems due to being overworked, she said, and had gathered signatures for a union petition by late July. The Buena Park location did not respond to CNN's request for comment. They filed a petition with the NLRB on July 22, and a date for a vote has not been set.'Starting drama'In June, employees of the Lyndhurs...

Freshworks was founded more than a decade ago in the southern Indian city of Chennai. Like Salesforce, it provides software to help companies manage relations with their customers. It's also India's oldest unicorn in the sector, having raised funds from investors such as Tiger Global and Accel, and has more than 50,000 customers. The company was last valued at $3.5 billion in a 2019 funding round, according to data firm Tracxn. Other Indian SaaS firms have found traction by focusing...

Freshworks was founded more than a decade ago in the southern Indian city of Chennai. Like Salesforce, it provides software to help companies manage relations with their customers. It's also India's oldest unicorn in the sector, having raised funds from investors such as Tiger Global and Accel, and has more than 50,000 customers. The company was last valued at $3.5 billion in a 2019 funding round, according to data firm Tracxn. Other Indian SaaS firms have found traction by focusing...

For homebuyers, relative to the crushing frustrations of the past few years, "it will be a much better experience," he noted. While it will become increasingly expensive to take out a mortgage as rates rise, buyers will face less competition for each property. And when it comes to deciding whether to put in an offer, "they may have a couple of days to think about it instead of hours," Fratantoni said.Ways to buffer yourself nowWhile you can't control the economic cycle, you can take some...

For homebuyers, relative to the crushing frustrations of the past few years, "it will be a much better experience," he noted. While it will become increasingly expensive to take out a mortgage as rates rise, buyers will face less competition for each property. And when it comes to deciding whether to put in an offer, "they may have a couple of days to think about it instead of hours," Fratantoni said.Ways to buffer yourself nowWhile you can't control the economic cycle, you can take some...

Soaring fares, canceled flightsThe amount passengers paid to fly each mile on the big four carriers was up 19.3% in the second quarter compared to 2019. Another measure of fares that compares passenger revenue to capacity rose 22%. * But those increases don't tell the whole story. Business and international travel hasn't returned to pre-pandemic levels. Those tickets typically cost much more than domestic airfare. Unlike previous years, when airlines could avoid some fare hikes for ...

Soaring fares, canceled flightsThe amount passengers paid to fly each mile on the big four carriers was up 19.3% in the second quarter compared to 2019. Another measure of fares that compares passenger revenue to capacity rose 22%. * But those increases don't tell the whole story. Business and international travel hasn't returned to pre-pandemic levels. Those tickets typically cost much more than domestic airfare. Unlike previous years, when airlines could avoid some fare hikes for ...

The shape of the yield curve, which plots the return of Treasury securities, is one of the most reliable indicators of the health of the economy, and it has been flashing signs of a looming recession for most of July. An inverted yield curve is often seen as a signal that investors are more nervous about the immediate future than the longer term, leading interest rates on short-term bonds to move higher than those paid on long-term bonds. * Fed Chair Jerome Powell on Wednesday said that he do...

The shape of the yield curve, which plots the return of Treasury securities, is one of the most reliable indicators of the health of the economy, and it has been flashing signs of a looming recession for most of July. An inverted yield curve is often seen as a signal that investors are more nervous about the immediate future than the longer term, leading interest rates on short-term bonds to move higher than those paid on long-term bonds. * Fed Chair Jerome Powell on Wednesday said that he do...

And he said wholesale gasoline futures on Monday for November and December deliveries point to retail prices falling to below $3 for many states at the end of the year. But he said there is still a risk that unexpected gas price spikes could derail this good news for drivers. "We still don't know what Putin is going to do, or if we're going to get a hurricane hitting the Gulf Coast," he said about factors that could send gas prices climbing once again. The primary driver of the fall...

And he said wholesale gasoline futures on Monday for November and December deliveries point to retail prices falling to below $3 for many states at the end of the year. But he said there is still a risk that unexpected gas price spikes could derail this good news for drivers. "We still don't know what Putin is going to do, or if we're going to get a hurricane hitting the Gulf Coast," he said about factors that could send gas prices climbing once again. The primary driver of the fall...

Europe can breathe a sigh of relief — for now. Russia restarted natural gas deliveries along the Nord Stream 1 pipeline on Thursday, allaying fears that it would keep the taps turned off. That would have plunged the bloc into an energy crisis — and several of its countries into a recession. The pipeline, which delivered about 35% of Europe's total Russian gas imports last year, had been shut for 10 days for routine maintenance work. * Officials had worried that Gazprom, Russia's sta...

Europe can breathe a sigh of relief — for now. Russia restarted natural gas deliveries along the Nord Stream 1 pipeline on Thursday, allaying fears that it would keep the taps turned off. That would have plunged the bloc into an energy crisis — and several of its countries into a recession. The pipeline, which delivered about 35% of Europe's total Russian gas imports last year, had been shut for 10 days for routine maintenance work. * Officials had worried that Gazprom, Russia's sta...

While there is good reason to be optimistic that the bear market is near an end, stock prices are unlikely to move up meaningfully until it is clear the Fed has finished raising interest rates. There is no need to jump in and buy stocks now. But it is also important to remember that timing ups and downs in the stock market is a daring and ultimately losing game. Most of us should ignore the market's volatility. Don't look. Invest for the long-run. The American economy and businesses...

While there is good reason to be optimistic that the bear market is near an end, stock prices are unlikely to move up meaningfully until it is clear the Fed has finished raising interest rates. There is no need to jump in and buy stocks now. But it is also important to remember that timing ups and downs in the stock market is a daring and ultimately losing game. Most of us should ignore the market's volatility. Don't look. Invest for the long-run. The American economy and businesses...