Banks are in turmoil but a bigger financial crisis may be brewing elsewhere
By Anna Cooban, CNN The International Monetary Fund warned this week of “vulnerabilities” among so-called non-bank financial…
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Moments following stabbing of Bob Lee captured on video and 911 call, local news site reports
By Taylor Romine and Kevin Flower, CNN The moments following the San Francisco stabbing attack of Cash App founder Bob Lee were captured on…
Continue Reading Moments following stabbing of Bob Lee captured on video and 911 call, local news site reports
By Taylor Romine and Kevin Flower, CNN The moments following the San Francisco stabbing attack of Cash App founder Bob Lee were captured on…
Continue Reading Protesters storm BlackRock’s Paris office holding red flares and firing smoke bombs
By Pierre Bairin and Hanna Ziady, CNN Demonstrators forced their way into the building that houses BlackRock’s office in Paris Thursday, taking…
Continue Reading ‘We’re at a tipping point:’ What to expect from the jobs report on Friday
By Alicia Wallace, CNN The US labor market has kept trucking right along even as other areas of the economy have slowed. But that once high-octane…
Continue Reading Here’s why beef is still pricey
By Danielle Wiener-Bronner, CNN A slowing economy may lead to a decline in sales of pricey beef cuts, but don’t look for any bargains just yet.…
Continue Reading Dominion can force Murdochs to testify at Fox News defamation trial, judge says
By Marshall Cohen, CNN Dominion Voting Systems can force Fox Corporation executives Rupert and Lachlan Murdoch to testify on the witness stand at…
Continue Reading NPR criticizes Twitter for slapping it with a ‘state-affiliated media’ label
By Brian Fung, CNN NPR sharply criticized Twitter on Wednesday after the social media platform, in an apparent violation of its own policies, labeled…
Continue Reading Chipotle accuses Sweetgreen of trademark infringement over its ‘chipotle chicken’ bowl
By Jordan Valinsky, CNN Chipotle Mexican Grill is suing rival Sweetgreen for trademark infringement over the latter’s recently released salad…
Continue Reading Here’s why beef is still pricey
By Danielle Wiener-Bronner, CNN A slowing economy may lead to a decline in sales of pricey beef cuts, but don’t look for any bargains just yet.…
Continue Reading Bed Bath & Beyond gets $120 million lifeline to help it stock near-empty shelves
By Chris Isidore, CNN Cash-starved Bed, Bath & Beyond, which is scrambling to avoid bankruptcy, announced a $120 million lifeline to help it…
Continue Reading These are the only stocks that matter right now
By Nicole Goodkind, CNN US stocks have been incredibly resilient this year. In the midst of a banking crisis, historically high interest rates,…
Continue Reading Ram electric pickup truck can go 500 miles on a charge, says Stellantis
By Peter Valdes-Dapena, CNN Stellantis chief executive Carlos Tavares has said in the past that the company’s electric Ram pickup truck, while…
Continue Reading Johnson & Johnson is again trying to use bankruptcy to settle talc cases for $8.9 billion
By David Goldman, CNN Johnson & Johnson is trying once again to use the bankruptcy courts to settle tens of thousands of cases that claim its…
Continue Reading The Fed could easily drive Black unemployment much higher than the overall jobless rate
By Krystal Hur, CNN Millions of jobs could be on the chopping block this year, as the Federal Reserve continues its rate-hiking campaign to tame…
Continue Reading Tucker Carlson, Sean Hannity among prominent Fox hosts, execs set to take stand at defamation trial
By Marshall Cohen and Kate Trafecante, CNN Fox News said in a court filing Tuesday that it plans to put some of its most prominent executives and TV…
Continue Reading NBA’s Miami Heat sheds FTX from its arena’s name
By Krystal Hur, CNN The home arena for NBA’s Miami Heat is getting rid of FTX in its name, months after the bankrupt cryptocurrency…
Continue Reading Old Navy’s response to slumping sales: More pockets
By Parija Kavilanz, CNN Old Navy, known for its low-priced basic and trendy seasonal clothing, has adopted an interesting sartorial tactic amid…
Continue Reading Britain’s pound is beating every other major currency this year
By Julia Horowitz, CNN The British pound crashed to a record low last fall as investors rebelled against budget plans by former Prime Minister Liz…
Continue Reading Rupert Murdoch’s engagement with Ann Lesley Smith is called off
By Oliver Darcy, CNN The media wedding of the summer is no more. Billionaire right-wing media mogul Rupert Murdoch and Ann Lesley Smith have called…
Continue Reading VW recalls 140,000 SUVs due to faulty passenger-side airbags, owners told not to let anyone ride shotgun
By Peter Valdes-Dapena, CNN Business Volkswagen is recalling 143,000 of its big Atlas SUVs in the US because a faulty sensor on the front passenger…
Continue Reading The creator of the Catan board game has died
By Danielle Wiener-Bronner, CNN Klaus Teuber, creator of the blockbuster board game Catan, has passed away. “It is with profound sadness that…
Continue Reading The creator of the Catan board game has died
By Danielle Wiener-Bronner, CNN Klaus Teuber, creator of the blockbuster board game Catan, has passed away. “It is with profound sadness that…
Continue Reading Millennial app founder arrested, charged with defrauding JPMorgan Chase
By Krystal Hur, CNN Charlie Javice, founder of the buzzy student financial assistance startup Frank, was arrested Monday night and charged by the US…
Continue Reading 5,000 GM salaried staff took buyouts
By Chris Isidore, CNN About 5,000 General Motors white collar employees have taken buyouts, according to GM CFO Paul Jacobson. Jacobson, speaking at…
Continue Reading The barcode is turning 50, but who gets the credit for it is up for debate
By Dayun Park Beep! The barcode, that rectangle of thick and thin parallel lines seen on seemingly every grocery product, package, prescription…
Continue Reading Walmart lays off 2,000 warehouse workers
By Jordan Valinsky, CNN Walmart is laying off more than 2,000 workers at five US warehouses that fulfill website orders, weeks after America’s…
Continue Reading Job openings shrank more than expected in February in a positive sign for the Fed
By Alicia Wallace, CNN America isn’t taking down all of its “help wanted” signs just yet — but they are slowly starting to…
Continue Reading L’Oréal buys Aesop in $2.5 billion deal, its biggest acquisition ever
By Michelle Toh, CNN L’Oréal is buying Australian brand Aesop in a deal that values it at $2.5 billion, in the biggest brand acquisition ever…
Continue Reading JPMorgan’s Jamie Dimon warns banking crisis will be felt for ‘years to come’
By Nicole Goodkind, CNN The banking crisis triggered by the recent collapses of Silicon Valley Bank and Signature Bank is not over yet and will…
Continue Reading Elon Musk loses his position atop Forbes’ annual billionaires list
By Jordan Valinsky, CNN Elon Musk has officially been dethroned from the top of Forbes’ annual “World’s Billionaire’s…
Continue Reading Job openings shrank more than expected in February in a positive sign for the Fed
By Alicia Wallace, CNN America isn’t taking down all of its “help wanted” signs just yet — but they are slowly starting to…
Continue Reading TikTok hit with nearly $16 million UK fine
By Robert North and Anna Cooban, CNN The UK data regulator has fined TikTok £12.7 million ($15.9 million) for a number of breaches of data…
Continue Reading Tesla is selling a German beer in a Cybertruck bottle
By Julia Horowitz, CNN Few brands are big enough to sell three beers for nearly $100. Elon Musk’s Tesla may be one. The electric car company…
Continue Reading What the OPEC cuts mean for Putin and Russia
By Nicole Goodkind, CNN Some of the world’s largest oil exporters shocked markets over the weekend by announcing that they would cut oil…
Continue Reading What the OPEC cuts mean for Putin and Russia
By Nicole Goodkind, CNN Some of the world’s largest oil exporters shocked markets over the weekend by announcing that they would cut oil…
Continue Reading JPMorgan’s Jamie Dimon warns banking crisis will be felt for ‘years to come’
By Nicole Goodkind, CNN The banking crisis triggered by the recent collapses of Silicon Valley Bank and Signature Bank is not over yet and will…
Continue Reading Richard Branson’s Virgin Orbit files for bankruptcy
By Anna Cooban, CNN Virgin Orbit, the rocket company founded by British billionaire Richard Branson, has filed for bankruptcy in the United States.…
Continue Reading ‘I am truly sorry.’ Credit Suisse chair re-elected after apology at final shareholder meeting
By Hanna Ziady, CNN Credit Suisse Chairman Axel Lehmann apologized to angry shareholders Tuesday after the ailing Swiss lender required an emergency…
Continue Reading Australia bans TikTok on federal government devices
By Chris Lau, CNN Australia has joined other Western countries in banning the use of TikTok on government devices as the Chinese-owned video app…
Continue Reading Tesla ordered to pay more than $3 million to former worker in racism suit
By Ramishah Maruf and Chris Isidore, CNN A jury ordered Tesla to pay over $3 million Monday in a racial discrimination case brought by a former…
Continue Reading Dogecoin jumps after Elon Musk replaces Twitter bird with Shiba Inu
By Allison Morrow, CNN Twitter’s traditional bird icon was booted and replaced with an image of a Shiba Inu, an apparent nod to dogecoin, the…
Continue Reading Bob Iger calls Florida actions against Disney World ‘anti-business’
By Chris Isidore and Steve Contorno, CNN Disney CEO Bob Iger fought back against Florida Governor Ron DeSantis‘ actions against his company,…
Continue Reading Taxes and adulting: What to know about filing taxes on your own for the first time
By Jeanne Sahadi, CNN For most people in their early- to mid-20s, filing taxes is right up there with having to pay rent and realizing you…
Continue Reading Bob Iger calls Florida actions against Disney World ‘anti-business’
By Chris Isidore and Steve Contorno, CNN Disney CEO Bob Iger fought back against Florida Governor Ron DeSantis‘ actions against his company,…
Continue Reading Morning after pill brand speeds up retail access, doubles supply per pack
By Parija Kavilanz, CNN One maker said it is responding to high demand for the morning-after pill, after the US Supreme Court last year ended a…
Continue Reading EY banned from auditing public interest companies in Germany over Wirecard
By Olesya Dmitracova, CNN Big-4 accounting firm EY has been banned from auditing companies of public interest in Germany for two years over its…
Continue Reading Stocks finished the quarter surprisingly strong. What’s next?
By Krystal Hur, CNN After a stormy 2022, US stocks gained during the first quarter of 2023 in a surprise show of resilience despite a banking crisis,…
Continue Reading This is one of the worst times to buy a car in decades. Here’s why
By Christopher Hickey and Alex Leeds Matthews, CNN It has almost never been as hard to buy a new or used car in the United States as it is today,…
Continue Reading Tesla sales again fall short of production
By Chris Isidore, CNN Tesla reported a modest 4% rise in sales in the first quarter compared to the final three months of last year, despite a series…
Continue Reading What OPEC’s surprise oil cut means for gas prices
By Chris Isidore, CNN OPEC and its allies’ surprise move to slash oil production will soon be felt at US gas pumps. The group known as OPEC+…
Continue Reading Wall Street Journal: McDonald’s closes offices and tells employees to work from home ahead of layoffs
By Danielle Wiener-Bronner, CNN McDonald’s instructed corporate employees to work from home this week in anticipation of layoffs, according to…
Continue Reading HSBC’s top execs face tense shareholders calling for a breakup
By Michelle Toh, CNN HSBC’s top brass defended their strategy Monday to frustrated shareholders in the lender’s largest market, as…
Continue Reading China Renaissance suspends trading, delays results after founder’s disappearance
By Laura He, CNN China Renaissance, a top dealmaker in the country’s tech industry, said it would suspend trading of its shares and delay the…
Continue Reading WWE is combining with UFC to form a new company
By Jordan Valinsky, CNN World Wrestling Entertainment is merging with Endeavor Group, the parent company of competitor UFC, to form a new publicly…
Continue Reading CEOs are tired of being held responsible for gun regulation
By Nicole Goodkind, CNN Americans have grown used to corporate executives treading the well-worn paths of the Northeast corridor to convene alongside…
Continue Reading CEOs are tired of being held responsible for gun regulation
By Nicole Goodkind, CNN Americans have grown used to corporate executives treading the well-worn paths of the Northeast corridor to convene alongside…
Continue Reading Oil prices surge after OPEC+ producers announce surprise cuts
By Michelle Toh, Mohammed Tawfeeq and Anna Cooban, CNN Oil prices spiked Monday after OPEC+ producers unexpectedly announced that they would cut…
Continue Reading Cineworld shares tank after Regal Cinemas owner ditches plans to sell US and UK businesses
By Hanna Ziady, CNN Shares in Cineworld plunged more than 30% Monday, hitting their lowest level since late August, after the owner of Regal Cinemas…
Continue Reading WSJ editor says talk between Blinken and Russian foreign minister about detained journalist is ‘hugely reassuring’
By Ramishah Maruf, CNN The talk between US Secretary of State Antony Blinken and Russian Foreign Minister Sergey Lavrov about detained journalist…
Continue Reading WSJ editor says talk between Blinken and Russian foreign minister about detained journalist is ‘hugely reassuring’
By Ramishah Maruf, CNN The talk between US Secretary of State Antony Blinken and Russian Foreign Minister Sergey Lavrov about detained journalist…
Continue Reading Swiss prosecutor probes Credit Suisse takeover
By Reuters Switzerland’s Federal Prosecutor has opened an investigation into the state-backed takeover of Credit Suisse by UBS Group, the…
Continue Reading Starbucks fires Buffalo union worker who ‘ignited a movement’ to organize
By Ramishah Maruf, CNN Starbucks has fired a Buffalo, New York, worker who “ignited a movement” from one of the first stores in the…
Continue Reading The fatal mauling of 4-year-old forces India to grapple with stray dog problem
By Rhea Mogul and Sania Farooqui, CNN For nearly a minute, the 4-year-old boy attempts to valiantly escape the hungry pack of stray dogs as they…
Continue Reading GM plans to phase out Apple CarPlay in EVs, with Google’s help
Reuters General Motors plans to phase out widely used Apple CarPlay and Android Auto technologies that allow drivers to bypass a vehicle’s…
Continue Reading Minor league baseball players ratify historic first collective bargaining agreement
By Jacob Lev, CNN Minor league baseball players ratified a historic first-ever collective bargaining agreement (CBA) with Major League Baseball, the…
Continue Reading Stocks bounced back in the first quarter, but it’s too early to celebrate
By Krystal Hur, CNN After a stormy 2022, US stocks gained during the first quarter of 2023 in a surprise show of resilience despite a banking crisis,…
Continue Reading Dominion’s historic defamation case against Fox News will go to trial, judge rules, in major decision dismantling key Fox defenses
By Marshall Cohen and Oliver Darcy, CNN Dominion Voting Systems’ historic defamation case against Fox News will proceed to a high-stakes jury…
Continue Reading Fox News banned Trump legal team from air in December 2020, new text message shows
By Oliver Darcy and Marshall Cohen, CNN Fox News swiftly banned then-President Donald Trump’s election-denying lawyers from appearing on the…
Continue Reading The Tesla Semi is getting recalled for faulty parking brakes
By Peter Valdes-Dapena, CNN Tesla has issued a recall for 35 of its new electric Semi trucks because the parking brake might not engage when applied…
Continue Reading Post-2008 reforms didn’t solve the problem of ‘too big to fail’ banks
By Hanna Ziady and Julia Horowitz, CNN Regulation introduced after the 2008 financial crisis was supposed to make bank bailouts a thing of the past.…
Continue Reading Key inflation gauge in Europe hits record high even as overall price rises slow sharply
By Julia Horowitz, CNN Inflation in Europe has fallen to its slowest pace in more than a year, though stark signs of persistent underlying pressure…
Continue Reading Who will end up paying for the banking crisis: You
By Nicole Goodkind, CNN It cost the Federal Deposit Insurance Corporation about $23 billion to clean up the mess that Silicon Valley Bank and…
Continue Reading Leaders of more than 30 news organizations demand Russia release WSJ reporter
By Oliver Darcy, CNN Business The leaders of more than 30 news organizations around the world signed a letter Thursday to the Russian ambassador to…
Continue Reading Southwest releases an ‘action plan’ to prevent another operational nightmare
By Jordan Valinsky, CNN Southwest Airlines has unveiled an “action plan” to prevent another operational meltdown like the one from last…
Continue Reading The Fed’s favorite inflation measure cooled in February
By Alicia Wallace, CNN The Federal Reserve’s preferred inflation gauge cooled back down in February after ticking up unexpectedly the month…
Continue Reading Considering an EV? Here’s what to know about the new tax credits
By Ella Nilsen, CNN When the Biden administration’s proposed rule for which vehicles qualify for its revamped EV tax credit goes into effect on…
Continue Reading Norfolk Southern CEO more than doubled his pay last year after getting promoted
By Chris Isidore, CNN Norfolk Southern CEO Alan Shaw got $9.8 million in total compensation in 2022, more than double the $4.7 million he received in…
Continue Reading Trump-related stocks surge after indictment
By David Goldman, CNN Three stocks with ties to former President Donald Trump surged Friday after two sources familiar with the case told CNN that…
Continue Reading Trump-related stocks surge after indictment
By David Goldman, CNN Three stocks with ties to former President Donald Trump surged Friday after two sources familiar with the case told CNN that…
Continue Reading ‘It’s not zero.’ Wall Street is pricing in a small but growing risk of a disastrous US default
By Matt Egan, CNN A US default would have such devastating economic and financial consequences that many observers dismiss the possibility out of…
Continue Reading China’s services activity jumps to decade high as economic recovery gets back on track
By Laura He, CNN A key index measuring the strength of China’s massive services sector jumped to its highest level in more than a decade, as…
Continue Reading Chinese cities are so broke, they’re cutting medical benefits for seniors
By Laura He, CNN China’s government, strapped for cash after years of enforcing a costly zero-Covid policy, is cutting medical benefits and…
Continue Reading At least 35 killed after falling into underground stepwell in Indian temple
By Jessie Yeung, Manveena Suri and Vedika Sud, CNN At least 35 people were killed Thursday after falling into a stepwell at a Hindu temple in central…
Continue Reading UK joins trans-Pacific trade bloc in a deal likely to boost GDP by less than 0.1%
By Michael Rios and Michelle Toh, CNN Britain has reached an agreement to join a major free trade bloc in the Pacific region. The country will become…
Continue Reading WSJ editor tells staff she is ‘very concerned’ for safety of reporter arrested in Russia
By Oliver Darcy, CNN Wall Street Journal Editor-in-Chief Emma Tucker told staff in a memo Thursday that she was “very concerned” for the…
Continue Reading Mortgage rates fall for the third week in a row
By Anna Bahney, CNN Homebuyers saw another week of falling mortgage rates, with the average rate dropping last week for the third week in a row,…
Continue Reading Virgin Orbit, Richard Branson’s rocket company, will lay off 85% of staff
By Jackie Wattles, CNN Virgin Orbit — the rocket company founded by British billionaire Richard Branson — is laying off the vast majority of its…
Continue Reading News organizations reject Elon Musk’s demand of paying to keep checkmarks on Twitter
By Oliver Darcy, CNN News organizations have a message for Elon Musk: We are not going to pay you for checkmarks on Twitter. The New York Times, Los…
Continue Reading Hyundai and Kia theft trend has reached New York City
By Peter Valdes-Dapena, CNN Business Spikes in car thefts of certain Hyundai and Kia models, a trend that began in the American midwest and was…
Continue Reading Starbucks shareholders want more information about the company’s anti-union efforts
By Danielle Wiener-Bronner, CNN Starbucks’ investors have voted in favor of an independent review of the company’s aggressive anti-union…
Continue Reading ABC News lays off several senior executives amid broader Disney cost-cutting in ‘shock’ to newsroom
By Oliver Darcy, CNN Business ABC News on Thursday stunned staffers, laying off several senior executives and restructuring its newsroom amid a…
Continue Reading Bed Bath & Beyond says it will likely file for bankruptcy if it can’t sell $300 million in stock
By Nathaniel Meyersohn, CNN Bed Bath & Beyond will sell up to $300 million of its stock to repay creditors and fund its business as it struggles…
Continue Reading Banking chaos has been bittersweet for crypto and wine
By Nicole Goodkind, CNN Silicon Valley Bank’s collapse earlier this month dealt a major blow to the wine and crypto firms that entrusted their…
Continue Reading The average Wall Street bonus fell by 26% last year
By Jeanne Sahadi, CNN The average annual Wall Street bonus fell to $176,700 last year, a 26% drop from the previous year’s average of $240,400,…
Continue Reading Why skinny soda cans are everywhere
By Nathaniel Meyersohn, CNN Suddenly, your beverage is taller. Beverage brands rely on packaging shape and design to draw in consumers. Now…
Continue Reading The final estimate for GDP shows the US economy grew at 2.6% last quarter
By Alicia Wallace, CNN The US economy grew at a slower pace in the fourth quarter than initially estimated, as consumer spending continued to trail…
Continue Reading Banking crisis won’t hurt America’s credit rating unless stress intensifies, Moody’s says
By Matt Egan, CNN The banking crisis that caused US officials to launch emergency interventions is unlikely to have significant direct costs for the…
Continue Reading WSJ editor tells staff she is ‘very concerned’ for safety of reporter arrested in Russia
By Oliver Darcy, CNN Wall Street Journal Editor-in-Chief Emma Tucker told staff in a memo Thursday that she was “very concerned” for the…
Continue Reading Sam Bankman-Fried pleads not guilty to new federal charges
By Kara Scannell, CNN Sam Bankman-Fried, the founder of failed cryptocurrency trading platform FTX, pleaded not guilty to five new federal charges of…
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