Nigeria delays plans to replace its banknotes after chaotic scenes at ATMs
By Nimi Princewill and Stephanie Busari, CNN Nigeria was forced Wednesday to delay plans to replace its banknotes with a redesigned currency after…
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Turkey’s stock market halted after earthquake leads to sharp selloff
By Anna Cooban, CNN Turkey’s stock market has sunk 15% in the three days since a devastating earthquake hit parts of the country’s south,…
Continue Reading Turkey’s stock market halted after earthquake leads to sharp selloff
By Anna Cooban, CNN Turkey’s stock market has sunk 15% in the three days since a devastating earthquake hit parts of the country’s south,…
Continue Reading US-China trade defies talk of decoupling to hit record high in 2022
By Juliana Liu, CNN Trade between the United States and China hit a record high in 2022, even as political tension heightened between the…
Continue Reading Rail unions reach deal with CSX railroad for paid sick time
By Vanessa Yurkevich, CNN CSX Transportation announced Tuesday that it had reached a deal with two railroad unions regarding paid sick leave. The…
Continue Reading Chinese savers stashed away $2.6 trillion last year but property crash will cool ‘revenge spending’
By Laura He, CNN Even for a famously frugal nation, Chinese people saved a lot last year. Stuck at home due to Covid restrictions, they socked away a…
Continue Reading IRS suggests waiting to file your taxes if you got a special payment from your state in 2022
By Jeanne Sahadi, CNN Business Millions of Californians in 2022 got a special check from their state government to offer relief from a variety of…
Continue Reading Americans are becoming ‘reluctant’ to make larger purchases, new Fed report shows
By Alicia Wallace, CNN As retail sales took a bit of a breather in December, so did the credit cards. US consumers’ outstanding credit grew by…
Continue Reading Are we on the brink of a corporate credit crisis?
By Nicole Goodkind, CNN Everyone seems to be in a bit of a debt bind at the moment: The US government has run out of credit to spend, high inflation…
Continue Reading Fed Chair Powell: Inflation fight will take ‘a significant period of time’
By Alicia Wallace, CNN The US labor market remains “extraordinarily strong” and Friday’s monster jobs report underscored that the…
Continue Reading Bed Bath & Beyond closes stores and raises $1 billion to stave off bankruptcy
By Jordan Valinsky, CNN Bed Bath & Beyond is closing 150 more stores — just a week after the struggling retailer announced the closure of 87…
Continue Reading ‘Britcoin’ could arrive in the second half of the decade
By Julia Horowitz, CNN The United Kingdom is pushing ahead with plans to create a digital pound issued by the Bank of England that would offer a…
Continue Reading This Fed official grocery shops for his family and knows just how high prices are
By Paul R. La Monica, CNN Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, understands that consumers are still struggling to…
Continue Reading After the Super Bowl, State Farm stadium will have tons of leftovers. Here’s how that food will get to people in need fast
By Parija Kavilanz, CNN On Super Bowl Sunday, an army of volunteers will be ready outside and inside State Farm Stadium in Glendale, Arizona to…
Continue Reading Inflation was still hot in January, but some prices are cooling off
By Alicia Wallace, CNN Inflation surged in January by the most in three months, according to the latest Consumer Price Index released Tuesday. But…
Continue Reading ‘Britcoin’ could arrive in the second half of the decade
By Julia Horowitz, CNN The United Kingdom is pushing ahead with plans to create a digital pound issued by the Bank of England that would offer a…
Continue Reading Boeing is cutting 2,000 HR and finance jobs, outsourcing some to India
By Chris Isidore, CNN Boeing plans to cut about 2,000 white-collar jobs in finance and human resources, and it will be shifting some of that work to…
Continue Reading Amazon to donate supplies to Turkey’s earthquake victims
By Anna Cooban, CNN Amazon has announced that it will help victims of the Turkey earthquake by donating food, medicine and equipment from its…
Continue Reading State of the Union, recession, crypto woes and more tech layoffs: What investors are watching
By Nicole Goodkind, CNN Here’s what investors are paying attention to this Tuesday morning: â–¸ President Joe Biden is set to deliver his…
Continue Reading BP posts record profit and boosts investment in oil and gas
By Michelle Toh and Anna Cooban, CNN BP’s annual profit more than doubled last year to an all-time high of nearly $28 billion, extending a…
Continue Reading Australia’s central bank signals more tightening ahead after hiking rates to decade high
By Reuters Australia’s central bank raised its cash rate by 25 basis points to a decade-high of 3.35% on Tuesday and reiterated that further…
Continue Reading Binance briefly halts US dollar transfers
By Allison Morrow Binance, the world’s largest crypto exchange, said it would temporarily halt transfers of US dollars starting Wednesday.…
Continue Reading FAA proposes fining United $1 million for skipping safety steps
By Gregory Wallace, CNN Airline regulators on Monday proposed slapping United Airlines with a $1.15 million fine for safety concerns about how it…
Continue Reading Britain’s NHS was once idolized. Now its worst-ever crisis is fueling a boom in private health care
By Hanna Ziady, CNN Tens of thousands of nurses and nearly 12,000 ambulance workers went on strike Monday over pay and working conditions in the…
Continue Reading Britain’s NHS was once idolized. Now its worst-ever crisis is fueling a boom in private health care
By Hanna Ziady, CNN Tens of thousands of nurses and nearly 12,000 ambulance workers went on strike Monday over pay and working conditions in the…
Continue Reading This Valentines’ Day, propose at Cracker Barrel and you might just win free food for a year
By Zoe Sottile, CNN Love is in the air — and it smells like Cracker Barrel. The restaurant chain has announced a romantic new venture for…
Continue Reading Did investors learn nothing from last year’s market meltdown?
By Paul R. La Monica, CNN Meme stock mania was supposed to be over, right? Guess what: It’s not. Sure, the entire market did well in January.…
Continue Reading The world is creating more single-use plastic waste than ever, report finds
By Hilary Whiteman, CNN The world is producing a record amount of single-use plastic waste, mostly made from polymers created from fossil fuels,…
Continue Reading Inflation may be falling — but not the cost of your car insurance
By Jeanne Sahadi, CNN If you think news that inflation is easing means you’re not going to get hit with any more higher prices, think again. At…
Continue Reading The bear market could make a comeback
By Nicole Goodkind, CNN Business Investors who believe the bear market is over are “ignorant,” Lisa Shalett, chief investment officer of…
Continue Reading National Enquirer has finally been sold after seeking a buyer for years
By Jordan Valinsky, CNN Business National Enquirer, the 97-year-old controversial tabloid behind several bombshell celebrity and political scandals,…
Continue Reading AMC Theaters is changing its ticket pricing
By Jordan Valinsky, CNN Business AMC Theaters is changing the way it charges for seats. America’s largest movie chain announced that the prices…
Continue Reading FTX to politicians: Give us back our donations or we’ll sue you
By Allison Morrow, CNN The new management of FTX is pressuring hundreds of politicians and political organizations to return millions of dollars…
Continue Reading Diesel prices fall in Europe despite ban on Russian fuel
By Anna Cooban, CNN Europe’s ban on Russia’s diesel arrived painlessly on Sunday. Although the EU cut off its biggest supplier, diesel…
Continue Reading The CEO of America’s second-largest bank is preparing for possible US debt default
By Paul R. La Monica, CNN Congress is once again bickering about raising the debt ceiling, the amount of money the US government can borrow to pay…
Continue Reading The CEO of America’s second-largest bank is preparing for possible US debt default
By Paul R. La Monica, CNN Congress is once again bickering about raising the debt ceiling, the amount of money the US government can borrow to pay…
Continue Reading Janet Yellen: You don’t have a recession when you have the lowest unemployment rate in 50 years
By Betsy Klein, CNN Treasury Secretary Janet Yellen said Monday that the probability of a US recession this year is low as she touted job growth and…
Continue Reading Disney won’t show ‘Simpsons’ episode in Hong Kong that mentions ‘forced labor’
By Michelle Toh, CNN An episode of “The Simpsons” that includes a line about “forced labor camps” in mainland China has been…
Continue Reading Adani scrambles to reassure creditors as crisis enters third week
By Diksha Madhok, CNN Indian billionaire Gautam Adani is repaying some debt early as he scrambles to end a rout in shares of his embattled…
Continue Reading Inflation may be falling — but not the cost of your car insurance
By Jeanne Sahadi, CNN If you think news that inflation is easing means you’re not going to get hit with any more higher prices, think again. At…
Continue Reading Larry Summers: More likely the Fed can pull off a soft landing, but don’t get hopes up
By Ramishah Maruf, CNN After a shocking jobs report, Larry Summers, treasury secretary under Bill Clinton, said he is more encouraged the Fed can…
Continue Reading Larry Summers: More likely the Fed can pull off a soft landing, but don’t get hopes up
By Ramishah Maruf, CNN After a shocking jobs report, Larry Summers, treasury secretary under Bill Clinton, said he is more encouraged the Fed can…
Continue Reading Weekly jobless claims edged up last week, but the labor market remains robust
By Lucy Bayly, CNN First-time applications for unemployment benefits rose last week to 196,000, a slightly higher total than the 190,000 that…
Continue Reading Investigators probing a possible near-collision between two aircraft on an airport runway in Austin, Texas
By Pete Muntean, CNN A FedEx cargo plane trying to land at an Austin, Texas, airport had to change course Saturday to avoid a potential collision…
Continue Reading Investigators probing a possible near-collision between two aircraft on an airport runway in Austin, Texas
By Pete Muntean, CNN A FedEx cargo plane trying to land at an Austin, Texas, airport had to change course Saturday to avoid a potential collision…
Continue Reading Ford Mustang Mach-E has a mile of wires it doesn’t need. That’s a big deal
By Chris Isidore, CNN Ford showed this week that it’s not going to be as easy for traditional automakers to catch Tesla in the race to build…
Continue Reading Super Bowl LVI was crypto’s coming out party. This year, the party’s over
By Allison Morrow, CNN Super Bowl LVIÂ was the crypto world’s coming out party. Buzzy firms made bold pitches last year, and shelled out…
Continue Reading Gautam Adani lost half his wealth in a flash. Here’s what happened
By Julia Horowitz, CNN Less than two weeks ago, Gautam Adani was the fourth-richest person in the world. With a personal fortune estimated at $120…
Continue Reading Disney World union members reject contract offer
By Chris Isidore and Vanessa Yurkevich, CNN Unionized workers at Disney World have rejected a contract proposal from the company that would have…
Continue Reading Ford is getting back into Formula 1 racing to help sell EVs
By Peter Valdes-Dapena, CNN America’s major automakers are getting back into Formula 1 racing. Following General Motors’ recent…
Continue Reading In boost for Ford and Tesla, Treasury changes EV tax rules making it easier to qualify as an SUV
By Peter Valdes-Dapena, CNN Business Is the Ford Mustang Mach-E an SUV? How about the Tesla Model Y? Depending on which branch of the US government…
Continue Reading Elon Musk wins lawsuit over ‘funding secured’ tweet
By Clare Duffy, CNN A California jury has ruled that Elon Musk is not liable for losses experienced by Tesla shareholders following his controversial…
Continue Reading 4 key takeaways from the jaw-dropping January jobs report
By Allison Morrow, CNN America’s job market demonstrated its stunning resilience Friday, besting expectations by a factor of nearly three and…
Continue Reading Offices are more than 50% filled for the first time since the pandemic started
By Jordan Valinsky, CNN Nearly three years after the pandemic began, American offices are finally more than halfway filled again as workers have…
Continue Reading Is the Fed ignoring long Covid in its inflation fight?
By Nicole Goodkind, CNN Federal Reserve officials have for months blamed a dwindling supply of US workers for elevated inflation levels. During his…
Continue Reading The US economy added a whopping 517,000 jobs in January
By Alicia Wallace, CNN The US economy added an astonishing 517,000 jobs in January, showing that the labor market isn’t ready to cool down just…
Continue Reading Is the Fed ignoring long Covid in its inflation fight?
By Nicole Goodkind, CNN Federal Reserve officials have for months blamed a dwindling supply of US workers for elevated inflation levels. During his…
Continue Reading Adani will ask Big 4 accounting firm for a ‘general audit,’ says TotalEnergies
By Olesya Dmitracova, CNN One of Gautam Adani’s biggest international partners, TotalEnergies, said Friday that his Indian conglomerate is…
Continue Reading Adani market rout deepens as uproar brings Indian parliament to a halt
By Diksha Madhok and Olesya Dmitracova, CNN Shares in most Adani Group companies slumped again Friday and India’s parliament was adjourned amid…
Continue Reading Hong Kong and Macao will fully reopen borders with mainland China
By Michelle Toh and Wayne Chang, CNN China will fully reopen borders with its special administrative regions of Hong Kong and Macao next week, in…
Continue Reading ‘It turned bad in an instant’: CNN crew has close call in Ukraine as Russian missiles pummel their location
By Oliver Darcy, CNN CNN correspondent Frederik Pleitgen and his team were traveling on Thursday to the Ukrainian city of Kramatorsk to report on the…
Continue Reading ‘It turned bad in an instant’: CNN crew has close call in Ukraine as Russian missiles pummel their location
By Oliver Darcy, CNN CNN correspondent Frederik Pleitgen and his team were traveling on Thursday to the Ukrainian city of Kramatorsk to report on the…
Continue Reading Mortgage rates fall for fourth week in a row
By Anna Bahney, CNN Mortgage rates fell slightly this week, as a smaller rate hike by the Federal Reserve signaled promising improvement on…
Continue Reading Greenpeace activists scale Shell oil platform in the Atlantic Ocean as company announces record profits
By Laura Paddison, CNN Activists from the campaign group Greenpeace have boarded a ship in the Atlantic Ocean and scaled a Shell oil platform that is…
Continue Reading Shell profits double to record $40 billion
By Michelle Toh and Hanna Ziady, CNN Shell made a record profit of almost $40 billion in 2022, more than double what it raked in the previous year…
Continue Reading How do you lose a radioactive capsule? Australian investigators are wondering too
By Hilary Whiteman, CNN The discovery of a tiny lost radioactive capsule beside a remote highway in Western Australia raises many questions —…
Continue Reading ‘The Daily Show’s’ Roy Wood Jr. selected as White House Correspondents’ Dinner entertainer
By Oliver Darcy, CNN Business Roy Wood Jr., the comedian known for his role on Comedy Central’s “The Daily Show,” will be the…
Continue Reading Blackouts and soaring prices: Pakistan’s economy is on the brink
By Sophia Saifi and Julia Horowitz, CNN Muhammad Radaqat, a 27-year-old greengrocer, is worried. He doesn’t know how much an onion will cost…
Continue Reading Meta wowed Wall Street, but investors remain skeptical about tech
By Clare Duffy and Nicole Goodkind, CNN Thursday afternoon will round out what has so far been a sobering earnings season for the Big Tech giants.…
Continue Reading Subway hopes new meat slicers will boost sales after record 2022
By Jordan Valinsky, CNN Subway says it had a record-setting year for sales in 2022, bolstered by a major menu revamp and store renovations. The…
Continue Reading Blackouts and soaring prices: Pakistan’s economy is on the brink
By Sophia Saifi and Julia Horowitz, CNN Muhammad Radaqat, a 27-year-old greengrocer, is worried. He doesn’t know how much an onion will cost…
Continue Reading ECB and Bank of England fight inflation with sharp interest rate hikes
By Olesya Dmitracova, CNN Europe’s two largest central banks raised interest rates sharply on Thursday, opting for bigger increases than the US…
Continue Reading What to look for in Friday’s jobs report
By Alicia Wallace, CNN A week that has been chock-full of economic data will be capped off Friday with the first US jobs report of 2023. Economists…
Continue Reading China set to launch long-awaited IPO reforms to reset the economy
By Laura He, CNN China is set to make market-oriented changes to the way initial public offerings are approved, as it tries to reset the economy and…
Continue Reading Gautam Adani fails to calm investors as market wipeout hits $100 billion
By Diksha Madhok and Mark Thompson, CNN Shares in Gautam Adani’s businesses plunged further on Thursday after an attempt by the Indian…
Continue Reading Australia’s new $5 note won’t feature King Charles
By Hilary Whiteman and Michelle Toh, CNN Australia’s new $5 banknote will not feature Britain’s King Charles III, but rather a new design…
Continue Reading China says it successfully cloned 3 highly productive ‘super cows’
By Nectar Gan, CNN Chinese scientists have successfully cloned three “super cows” that can produce an unusually high amount of milk,…
Continue Reading Bugatti just sold its last purely gas-powered car for $10.7 million, setting a world auction record for a new car
By Peter Valdes-Dapena, CNN Bugatti sold its last purely gas-powered supercar at a Paris auction Wednesday for more than $10 million, setting a world…
Continue Reading After the Fed’s latest move, how come you’re still not getting a higher rate on your bank savings?
By Jeanne Sahadi, CNN Interest rates are higher (again), courtesy of the Federal Reserve, which hiked its benchmark interest rate Wednesday, for the…
Continue Reading After the Fed’s latest move, how come you’re still not getting a higher rate on your bank savings?
By Jeanne Sahadi, CNN Interest rates are higher (again), courtesy of the Federal Reserve, which hiked its benchmark interest rate Wednesday, for the…
Continue Reading Job openings jumped unexpectedly to 11 million in December
By Alicia Wallace, CNN Despite the looming threat of recession and the cacophony of mass layoff announcements, US businesses still need workers —…
Continue Reading Adani scraps $2.5 billion share sale as value of his empire collapses
By Mark Thompson, CNN Indian billionaire Gautam Adani on Wednesday abandoned a deal to raise $2.5 billion from investors after a week-long meltdown…
Continue Reading Wages continue to rise, but they still aren’t keeping pace with inflation
By Tami Luhby, CNN Employers continued to raise wages during the fourth quarter to attract workers and hold on to existing staff, though the pace of…
Continue Reading Michigan six-year-old orders $1,000 worth of food on Grubhub
By Jordan Valinsky, CNN It was an all-you-can-eat buffet for a Michigan boy last weekend. Six-year-old Mason Stonehouse was playing on his…
Continue Reading Will the Fed end the 2023 market rally?
By Nicole Goodkind, CNN Business Investors appear to be preparing for another match-up against their favorite sparring partners at the Federal…
Continue Reading Coca-Cola’s Powerade is taking a jab at Gatorade with new formula and packaging
By Danielle Wiener-Bronner, CNN Gatorade has long been the leader among sports drinks, those brightly colored beverages designed to replenish the…
Continue Reading Hong Kong is criminalizing CBD as a ‘dangerous drug’ alongside heroin
By Jessie Yeung, CNN Two years ago, cannabidiol was booming in Hong Kong. The compound, known as CBD, was popping up in cafes, restaurants and…
Continue Reading BDG shuts down Gawker and lays off 8% of staff, CEO announces
By Oliver Darcy, CNN Business The digital media conglomerate BDG, which houses brands such as Elite Daily and Bustle, announced on Wednesday that it…
Continue Reading Sam Bankman-Fried’s bail is tightened over ‘threat’ of witness tampering
By Kara Scannell, CNN Sam Bankman-Fried is in trouble, once again, for talking too much. A federal judge on Wednesday temporarily tightened the FTX…
Continue Reading Beyoncé is going on tour. Will Ticketmaster be able to handle it?
By Danielle Wiener-Bronner, CNN Good news: Beyoncé’s Renaissance tour is happening. Bad news: Fans are already gearing up for a difficult time…
Continue Reading Europe unveils $270 billion response to US green subsidies
By Hanna Ziady, CNN Stung by the Biden administration’s huge green subsidy program, the European Union unveiled plans for its own “Green…
Continue Reading Exclusive: Tabasco teams with a TikTok star to surprise hot sauce fans
By Jordan Valinsky, CNN Business The 154-year-old brand behind Tabasco wants you to put its hot sauce on more than your eggs and avocado toast.…
Continue Reading Coca-Cola’s Powerade is taking a jab at Gatorade with new formula and packaging
By Danielle Wiener-Bronner, CNN Gatorade has long been the leader among sports drinks, those brightly colored beverages designed to replenish the…
Continue Reading Michigan six-year-old orders $1,000 worth of food on Grubhub
By Jordan Valinsky, CNN It was an all-you-can-eat buffet for a Michigan boy last weekend. Six-year-old Mason Stonehouse was playing on his…
Continue Reading Europe grew faster than the US last year. Its markets are outperforming too
By Anna Cooban, CNN Europe’s stock markets have beaten Wall Street by the biggest margin in more than three decades over recent months as its…
Continue Reading Asia’s richest no more? Gautam Adani’s wealth crashes as $90 billion wiped off his business
By Diksha Madhok, CNN Gautam Adani looks set to cede his position as Asia’s richest man to another Indian billionaire as shares in his business…
Continue Reading How Southwest can win back its angry, stranded customers
By Chris Isidore, CNN Southwest Airlines’ customers are furious about the company’s Christmas week service meltdown. But fliers may…
Continue Reading Bed Bath and Beyond is closing 87 more stores. See the list
By Jordan Valinsky, CNN Bed Bath and Beyond is closing another 87 stores as the struggling retailer barrels toward bankruptcy. These closures are in…
Continue Reading Fed approves smallest rate hike since March, in nod to improved inflation outlook
By Nicole Goodkind, CNN The Federal Reserve unanimously approved a quarter-point interest rate hike Wednesday, slowing the pace of its increases in a…
Continue Reading Biden proposes ‘junk fee’ bill to cut hidden fees for credit cards and concert tickets
By Donald Judd President Joe Biden announced new progress Wednesday on his administration’s “competition agenda,” specifically…
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