Europe’s economy ticks up in the first quarter but worries linger
By Julia Horowitz, CNN Europe’s economy avoided a recession over the winter, picking up pace slightly in the first quarter of 2023 despite…
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Is $250,000 still the right limit for deposit insurance? The debate is on
By Julia Horowitz, CNN If my bank fails, how much of my savings will I get back? It’s a scenario no one likes to think about. But in the past…
Continue Reading US worker pay gains picked up in the first quarter
By Bryan Mena, CNN Compensation for US workers picked up in the first three months of the year, showing that a major source of inflationary pressure…
Continue Reading Twitter’s former CEO has a new app that looks a lot like Twitter
By Samantha Murphy Kelly, CNN Business The buzzy new social media app of the moment looks so much like Twitter it’s almost hard to distinguish…
Continue Reading Elon Musk names NBCU ad chief Linda Yaccarino as Twitter CEO
By Chris Isidore, CNN Elon Musk on Friday named longtime media executive Linda Yaccarino as the new CEO of Twitter, months after he promised to step…
Continue Reading How to negotiate your college’s financial aid offer
By Dayun Park So you want to improve your college’s financial aid package? Fine. Just don’t have your mom call the college to do the…
Continue Reading ExxonMobil, Chevron earnings down from record levels but top forecasts
By Chris Isidore, CNN Despite falling gas prices, ExxonMobil and Chevron reported bumper profits last quarter. While they were lower than last year,…
Continue Reading ESG investing is dying. That’s not a bad thing
By Nicole Goodkind, CNN Environmental, social, and governance-focused funds, which were once deemed the darlings of Wall Street, may be on the way…
Continue Reading Fed autopsy on SVB faults bank’s management — and its own oversight
By Allison Morrow, CNN In a hotly anticipated banking report released Friday morning, the Federal Reserve said it failed to take sufficient action to…
Continue Reading Another economic indicator: Sales of the ‘Recession Special’ are up at this New York City hot dog joint
By Alicia Wallace, CNN There’s good news on the inflation front: Annual price growth fell to its lowest pace in nearly two years, the Commerce…
Continue Reading BBC chairman resigns after controversy involving loan deal for former PM Boris Johnson
By Peter Wilkinson, CNN The embattled chairman of the British Broadcasting Corporaration (BBC), Richard Sharp, resigned on Friday after a report…
Continue Reading North America’s largest transportation network suspends use of Twitter for service alerts
By Rob Frehse, CNN North America’s largest transportation network suspended the use of Twitter for service alerts Thursday, saying the…
Continue Reading Amazon posts $3.2 billion profit as it goes through multiple rounds of layoffs
By Krystal Hur, CNN Amazon is starting the year back in the black. The e-commerce giant on Thursday reported a profit of $3.2 billion for the first…
Continue Reading Fed Chair Jerome Powell pranked into chat with fake President Zelensky
By Bryan Mena, CNN Federal Reserve Chairman Jerome Powell earlier this year held a video chat about the global economy with someone he thought was…
Continue Reading Musician Ed Sheeran sang and played guitar on the stand during copyright infringement trial
By Chloe Melas, Aaron Cooper, Jennifer Korn and Nicki Brown, CNN Musician Ed Sheeran played guitar and sang on the stand Thursday as part of his…
Continue Reading You can make your Mercedes EV go faster for $60 a month
By Peter Valdes-Dapena, CNN Business Mercedes-Benz electric vehicle owners in North America who want a little more power and speed can now buy 60…
Continue Reading Got expired Bed Bath & Beyond coupons? These retailers will take them
By Jordan Valinsky, CNN Business Bed Bath & Beyond’s competitors are coming to the rescue of customers looking to use expired coupons…
Continue Reading Here’s what the SVB report will (and won’t) include, according to top former Fed official
By Elisabeth Buchwald, CNN On Friday, the Federal Reserve is set to release the findings of its investigation into what caused Silicon Valley Bank to…
Continue Reading Mortgage rates tick up for the second week in a row
By Anna Bahney, CNN Mortgage rates inched up again this week. Prior to last week’s rise, rates had dropped for five weeks in a row as inflation…
Continue Reading Federal appeals court tosses state antitrust suit seeking to break up Meta
By Brian Fung, CNN A group of states that sued to break up Facebook-parent Meta in 2020 were years too late to file their challenge and failed to…
Continue Reading Southwest posts record revenue despite holiday meltdown
By Chris Isidore, CNN Southwest Airlines’ passengers have finally returned to the airline following its winter holiday service meltdown,…
Continue Reading The US economy grew at a much slower pace in the first quarter
By Bryan Mena, CNN US economic growth slowed to an annualized and seasonally adjusted rate of 1.1% in the first quarter of this year, as businesses…
Continue Reading Pending home sales fell last month for the first time since November
By Anna Bahney, CNN Pending home sales dropped in March, falling for the first time since November amid tight inventory and buyer uncertainty about…
Continue Reading Snapchat’s new AI chatbot is already raising alarms among teens and parents
By Samantha Murphy Kelly, CNN Business Less than a few hours after Snapchat rolled out its My AI chatbot to all users last week, Lyndsi Lee, a mother…
Continue Reading Tucker Carlson breaks his silence but does not address his departure from Fox News
By Oliver Darcy, CNN Tucker Carlson broke his silence on Wednesday evening, posting a short video online after his abrupt firing from Fox News…
Continue Reading Gap’s massive job cuts will save $300 million
By Nathaniel Meyersohn, CNN Gap said Thursday that it will lay off 1,800 employees as the struggling retailer looks to cut costs. The layoffs will…
Continue Reading Vice Media cancels its flagship ‘Vice News Tonight’ program as it makes ‘painful’ layoffs and restructures the company
By Oliver Darcy, CNN Vice Media will cancel its acclaimed program “Vice News Tonight” as part of a broad restructuring that will result…
Continue Reading Markets digest banking issues, quarterly earnings and economic data
From CNN’s Krystal Hur, Nicole Goodkind, Alicia Wallace, Bryan Mena, Elisabeth Buchwald and Anna Bahney The-CNN-Wire™ & © 2023…
Continue Reading John King passes ‘Inside Politics’ torch to Dana Bash as he takes on a new assignment at CNN
By Oliver Darcy John King will take on a new role at CNN and step down as the anchor of “Inside Politics,” handing the torch to Dana…
Continue Reading Barclays and Deutsche Bank defy banking jitters with strong profits
By Hanna Ziady, CNN Barclays and Deutsche Bank have shrugged off a turbulent first quarter to post strong profit growth, helping to calm investors…
Continue Reading Barclays and Deutsche Bank defy banking jitters with strong profits
By Hanna Ziady, CNN Barclays and Deutsche Bank have shrugged off a turbulent first quarter to post strong profit growth, helping to calm investors…
Continue Reading How Elon Musk upended Twitter and his own reputation in 6 months as CEO
By Clare Duffy, CNN When Elon Musk first agreed to buy Twitter, he promised to make the company “better than ever,” with greater…
Continue Reading New York MTA resumes transit alerts on Twitter
By Brian Fung, CNN New York’s Metropolitan Transportation Authority said it would resume posting automated transit alerts to Twitter on…
Continue Reading Here’s what we know about First Republic Bank
By Nicole Goodkind, CNN First Republic Bank has been teetering on the edge for weeks. It may be finally falling. The San Francisco-based lender could…
Continue Reading India says border violations erode ‘entire basis’ of ties with China
By Rhea Mogul and Vedika Sud, CNN India’s defense minister told his Chinese counterpart on Thursday that violations of their shared border…
Continue Reading Eleven people killed in suspected Maoist militant attack in central India
By Manveena Suri and Rhea Mogul, CNN Ten policemen and a civilian were killed in blast as they were returning from an operation against insurgents in…
Continue Reading China has widened its already sweeping counter-espionage law. Experts say foreign businesses should be worried
By Simone McCarthy and Nectar Gan, CNN China has broadened the scope of its already sweeping counter-espionage law in a move that analysts warn could…
Continue Reading Chinese police question staff at Bain’s Shanghai office
By Michelle Toh, CNN Chinese police have questioned staff at the Shanghai offices of Bain & Company, the US consultancy said Thursday, in a…
Continue Reading Tucker Carlson breaks his silence but does not address his departure from Fox News
By Oliver Darcy, CNN Tucker Carlson broke his silence on Wednesday evening, posting a short video online after his abrupt firing from Fox News…
Continue Reading Tucker Carlson breaks his silence but does not address his departure from Fox News
By Oliver Darcy, CNN Tucker Carlson broke his silence on Wednesday evening, posting a short video online after his abrupt firing from Fox News…
Continue Reading Changes are coming to some mortgage fees next month
By Anna Bahney, CNN Fees on mortgages backed by Freddie Mac and Fannie Mae are set to change next month, in a plan designed to make homeownership…
Continue Reading Meta stock jumps after company reports first revenue growth in nearly a year
By Clare Duffy, CNN Facebook-parent Meta on Wednesday reported that it grew sales by 3% during the first three months of the year, reversing a trend…
Continue Reading Musician Ed Sheeran sang and played guitar on the stand during copyright infringement trial
By Chloe Melas, Aaron Cooper, Jennifer Korn and Nicki Brown, CNN Musician Ed Sheeran played guitar and sang on the stand Thursday as part of his…
Continue Reading Ed Sheeran song ‘sounds very, very similar’ to Marvin Gaye’s, music expert says at trial
By Jennifer Korn and Nicki Brown, CNN Musician Ed Sheeran’s court case continued Wednesday in a high-profile copyright trial about whether his…
Continue Reading JPMorgan Chase to buy most First Republic assets after bank becomes third in US to fail since March
By Chris Isidore and Olesya Dmitracova, CNN JPMorgan Chase is buying most assets of First Republic Bank and assuming all of the lender’s…
Continue Reading Elizabeth Holmes delays start of prison sentence with last-minute appeal
By Jennifer Korn and Catherine Thorbecke, CNN Elizabeth Holmes won’t be starting her 11-year prison sentence just yet. The disgraced Theranos…
Continue Reading How big was the ‘beyond’ section at Bed, Bath & Beyond? The iconic retailer’s weirdest merchandise
By Alex Leeds Matthews, CNN When Bed, Bath & Beyond begins shuttering its stores after filing for bankruptcy last weekend, shoppers will have…
Continue Reading First Republic may not survive, even after two multibillion-dollar bailouts
By Nicole Goodkind, CNN First Republic Bank is in a fight for its survival. The past few weeks have been brutal for the San Francisco-based lender.…
Continue Reading Bed, Bath & Beyond’s closing days bring some deal hunters, but few deals
By Parija Kavilanz, CNN Bed, Bath & Beyond is having a mammoth going-out-of-business sale. Shoppers Mariel Correa and Jeanette Graciano,…
Continue Reading Microsoft’s blockbuster deal to buy Activision is in jeopardy. Here’s what could happen next
By Brian Fung, CNN For years, Microsoft flew under the radar as policymakers around the world went after Amazon, Facebook and Google as some of the…
Continue Reading TikTok is testing a new option to create AI-generated avatars for profile pictures
By Jennifer Korn TikTok is testing a new option to let users create AI-generated avatars for their profile pictures, the company confirmed to CNN on…
Continue Reading TikTok is testing a new option to create AI-generated avatars for profile pictures
By Jennifer Korn TikTok is testing a new option to let users create AI-generated avatars for their profile pictures, the company confirmed to CNN on…
Continue Reading Fox agrees to give more Murdoch docs to Smartmatic in its defamation case
By Marshall Cohen, CNN Fox News has agreed to provide voting technology company Smartmatic with additional material about its corporate chairman…
Continue Reading Google and Microsoft fight over the future of AI
By Nicole Goodkind, CNN Wall Street was able to breathe a sigh of relief on Tuesday as Google-parent company Alphabet and Microsoft both beat the…
Continue Reading Wendy’s will start selling canned chili in grocery stores
By Jordan Valinsky, CNN Business Wendy’s famous chili is typically sold hot at its restaurants. Soon, Wendy’s will sell its chili in…
Continue Reading King Charles coronation concert fans slam Ticketmaster ‘shambles’
By Anna Cooban, CNN Ticketmaster has landed itself in another royal mess. The company was hired by the BBC to handle ticketing for a concert on May 7…
Continue Reading Senators unveil bipartisan legislation to ban kids under 13 from joining social media platforms
By Brian Fung, CNN A new federal bill unveiled Wednesday would establish a national minimum age for social media use and require tech companies to…
Continue Reading Bud Light sales are falling, but distributors say they’re sticking by the brand
By Jordan Valinsky, CNN Beer distributors are largely sticking by Bud Light and its parent company, Anheuser-Busch, as controversy continues to…
Continue Reading Norfolk Southern says the toxic train derailment cost it $387 million
By Chris Isidore, CNN Norfolk Southern said a February derailment that released massive amounts of toxic chemicals in East Palestine, Ohio, cost the…
Continue Reading Google and Microsoft fight over the future of AI
By Nicole Goodkind, CNN Wall Street was able to breathe a sigh of relief on Tuesday as Google-parent company Alphabet and Microsoft both beat the…
Continue Reading Boeing’s problems and losses continue
By Chris Isidore, CNN Losses continued to mount for Boeing, as the supply chain problems caused higher-than-expected losses. The company reported a…
Continue Reading UK blocks Microsoft takeover of Activision Blizzard
By Hanna Ziady, CNN The UK antitrust regulator has blocked Microsoft’s purchase of Activision Blizzard, threatening to thwart one of the tech…
Continue Reading Kim Kardashian reveals the ‘magic’ of her success to CNN’s Poppy Harlow
By Jordan Valinsky, CNN Just a few years ago, Kim Kardashian was dyeing her own shapewear in a sink with teabags. Fast forward to the present day,…
Continue Reading Tobacco companies pay over $600 million to settle alleged sanctions violations with North Korea
By Hannah Rabinowitz and Holmes Lybrand, CNN Two tobacco companies have agreed to pay over $600 million to US authorities over allegations that the…
Continue Reading Kim Kardashian reveals the ‘magic’ of her success to CNN’s Poppy Harlow
By Jordan Valinsky, CNN Just a few years ago, Kim Kardashian was dyeing her own shapewear in a sink with teabags. Fast forward to the present day,…
Continue Reading Banks ‘aren’t out of the woods’ after the collapse of SVB and Signature
By Elisabeth Buchwald, CNN A month ago, code blue sirens went off at banks across the globe after the collapse of Silicon Valley Bank and Signature…
Continue Reading How Queen Elizabeth’s coronation helped start Matchbox cars
By Peter Valdes-Dapena, CNN Matchbox, maker of tiny toy cars, is bringing back one if its most important models. It’s not a car, but a little…
Continue Reading US home prices rose slightly in February, snapping seven months of declines
By Anna Bahney, CNN US home prices rose slightly in February, snapping a seven-month streak of month-over-month declines, according to the latest…
Continue Reading Mattel introduces first Barbie doll representing a person with Down syndrome
By Parija Kavilanz, CNN Mattel on Tuesday introduced its first-ever version of the Barbie doll representing a person with Down syndrome. The new doll…
Continue Reading Chevrolet Bolt, GM’s first popular electric vehicle, ends production this year
By Peter Valdes-Dapena, CNN Business The Chevrolet Bolt EV, General Motors first fully electric vehicle to be built and sold on a large scale, will…
Continue Reading New home sales rise for the fourth month in a row
By Anna Bahney, CNN New home sales rose in March, climbing for the fourth month in a row as mortgage rates eased and buyers looked to new…
Continue Reading Bored Ape NFT creators win case against copycat artist
By Elle Reeve, CNN Crypto company Yuga Labs has won its claims of trademark infringement against artist Ryder Ripps who copied their NFTs in what he…
Continue Reading Ed Sheeran: ‘I would’ve been an idiot’ to perform a song copied from ‘Let’s Get It On’
By Jennifer Korn and Krystal Hur, CNN Musician Ed Sheeran took the stand Tuesday in a high-profile copyright trial about whether his smash single…
Continue Reading 2023 layoff tracker: The latest on which companies have announced job cuts
By Jennifer Korn, CNN BuzzFeed, Lyft, Whole Foods and Deloitte all recently announced layoffs affecting thousands of US workers. They join a growing…
Continue Reading Engagement ring sales are down sharply, according to America’s biggest jeweler
By Parija Kavilanz, CNN It seems to be a turbulent time for retailers who cater to couples in love. On the heels of David’s Bridal, the largest…
Continue Reading Senate Republicans call on Biden administration to clamp down on cloud companies with ties to China
By Brian Fung, CNN A group of Republican senators on Tuesday urged the Biden administration to “use all available tools” to sanction…
Continue Reading Despite TikTok ban threat, influencers are flocking to a new app from its parent company
By Clare Duffy, CNN In the days after TikTok’s CEO was grilled by Congress for the first time, many TikTok users began posting about an…
Continue Reading Americans are getting worried about the job market
Bryan Mena, CNN US consumer confidence worsened in April as Americans become more pessimistic about the job market. The Conference Board’s…
Continue Reading Man accused of killing Cash App founder Bob Lee intends to plead not guilty next week, his attorney says
By Veronica Miracle, Cheri Mossburg and Phil Gast, CNN Nima Momeni, the man accused of killing Cash App founder Bob Lee in San Francisco, intends to…
Continue Reading Prince Harry claims Murdoch newspapers paid ‘large sum’ to settle William hacking claim
By Lindsay Isaac, CNN Buckingham Palace and Rupert Murdoch’s News Group Newspapers reached a secret agreement over historical phone hacking…
Continue Reading Prince Harry claims Murdoch newspapers paid ‘large sum’ to settle William hacking claim
By Lindsay Isaac, CNN Buckingham Palace and Rupert Murdoch’s News Group Newspapers reached a secret agreement over historical phone hacking…
Continue Reading Tucker Carlson out at Fox News
By Oliver Darcy and Marshall Cohen, CNN Fox News and Tucker Carlson, the right-wing extremist who used his prime time perch at the talk network to…
Continue Reading UPS flashes a warning sign about the US economy
By Chris Isidore, CNN UPS says the US economy is slowing down. America’s largest trucking company said Tuesday that revenue fell 6% in the…
Continue Reading Central banks end crisis-fighting measure as bank tumult recedes
By Julia Horowitz, CNN Last month, the collapse of Silicon Valley Bank, the second-largest bank failure in US history, unleashed broader panic and…
Continue Reading The banking crisis may have set the stage for an IPO comeback
By Nicole Goodkind, CNN Warnings of recession are widespread, inflation is still elevated and so are interest rates. Russia continues to wage war in…
Continue Reading UBS is still cleaning up from the last crisis. Now it must tackle Credit Suisse
By Hanna Ziady, CNN UBS is still dealing with the fallout from the 2008 global financial crisis even as it prepares to take on the enormous challenge…
Continue Reading 3M announces mass layoffs as manufacturing slows
By David Goldman, CNN 3M announced significant layoffs Tuesday as part of yet another major restructuring plan as the manufacturing sector prepares…
Continue Reading GM earnings much better than expected as revenue climbs 11%
By Chris Isidore, CNN General Motors reported a much better-than-expected first quarter, and said it will do even better than it expected for…
Continue Reading UPS flashes a warning sign about the US economy
By Chris Isidore, CNN UPS says the US economy is slowing down. America’s largest trucking company said Tuesday that revenue fell 6% in the…
Continue Reading Online superstore Temu expands to Europe after conquering America
By Michelle Toh, CNN Temu, an online shopping platform that has quickly become the most popular app in the United States, has crossed the Atlantic.…
Continue Reading Netflix to invest $2.5 billion in South Korea as K-content continues to dominate
By Gawon Bae and Michelle Toh, CNN Netflix is doubling down on South Korea with plans to invest $2.5 billion over the next four years to produce more…
Continue Reading Wall Street Journal: Bud Light owner places two execs on leave after transgender influencer backlash
By Krystal Hur, CNN Anheuser-Busch has placed two executives who managed Bud Light’s sponsorship of two Instagram posts from a transgender…
Continue Reading NBCUniversal CEO Jeff Shell fired after allegations of sexual harassment were corroborated, Comcast says
By Elizabeth Stuart and Oliver Darcy, CNN Comcast said Monday it fired NBCUniversal CEO Jeff Shell after corroborating a female employee’s…
Continue Reading Burger King’s secret weapon against McDonald’s is the Whopper
By Danielle Wiener-Bronner, CNN When Burger King launched a new marketing campaign late last year with a little jingle to support the Whopper, Tom…
Continue Reading How to protect yourself from iPhone thieves locking you out of your own device
By Samantha Murphy Kelly, CNN Business A complex but concerning method of gaining control over a user’s iPhone and permanently locking them out…
Continue Reading Low employee engagement? Managers can help turn it around with this one habit
By Jeanne Sahadi, CNN Employers who want a productive, engaged workforce could do more to train, develop and support those in their managerial ranks.…
Continue Reading Bed Bath & Beyond is closing hundreds of stores. But they won’t be empty for long
By Nathaniel Meyersohn, CNN Bed Bath & Beyond is stripping down its big blue signs, clearing out aisles of linens and closing hundreds of…
Continue Reading Disney begins largest wave of layoffs, targeting thousands at ESPN, Parks, and other divisions
By Jon Passantino Disney is laying off several thousand workers across the company this week in the second and largest wave of cuts as part of the…
Continue Reading Layoffs loom in the US manufacturing sector as backlogs shrink
Bryan Mena, CNN US manufacturers have now mostly worked their way through their backlogged orders — and that means job cuts could be on the horizon…
Continue Reading 5.5% may be a magic number for mortgage rates
Home buyers have proved to be mortgage rate sensitive, with home sales over the past year tanking as rates have surged, and improving during periods…
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