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…
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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 What Americans think of a TikTok ban
By Brian Fung, CNN Half of Americans support a US government ban on TikTok, while 22% oppose the idea and more than a quarter are unsure, according…
Continue Reading Italy blocks ChatGPT over privacy concerns
By Livvy Doherty and Sharon Braithwaite, CNN Regulators in Italy issued a temporary ban on ChatGPT Friday, effective immediately, due to privacy…
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 Japan joins the US and Europe in chipmaking curbs on China
By Michelle Toh and Junko Ogura, CNN Japan will restrict the overseas sale of chip manufacturing equipment, joining the United States and the…
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 The FTC should investigate OpenAI and block GPT over ‘deceptive’ behavior, AI policy group claims
By Brian Fung, CNN An AI policy think tank wants the US government to investigate OpenAI and its wildly popular GPT artificial intelligence product,…
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…
Continue Reading The new Lamborghini is totally different than any car it’s ever made
By Peter Valdes-Dapena, CNN Business Soon, you’ll be able to plug in your Lamborghini. Closing out a half century of purely gasoline-powered…
Continue Reading Putin admits sanctions could hurt Russia’s economy
By Hanna Ziady, CNN President Vladimir Putin has conceded that Western sanctions designed to starve the Kremlin of funds for its invasion of Ukraine…
Continue Reading Ex-Fox producer said she gave misleading testimony in Dominion case ‘to keep my job’
By Marshall Cohen and Kristina Sgueglia, CNN Abby Grossberg, the former Fox News producer who accused the right-wing network of pressuring her into…
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 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 Wall Street Journal reporter arrested in Russia on suspicion of ‘espionage’
By Sarah Dean and Anna Chernova, CNN Wall Street Journal journalist Evan Gershkovich has been arrested in Russia on suspicion of espionage, according…
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 China ‘confident and capable’ of hitting 2023 growth targets, new premier says at gathering of business leaders
By Laura He, CNN China’s newly minted Premier Li Qiang painted a bullish picture of his country’s economic recovery at a key business…
Continue Reading ‘Companies are holding out’: Global IPO market slump endures
By Michelle Toh, CNN A slowdown in global initial public offerings continued in the first quarter of 2023 and is likely to endure in the coming…
Continue Reading FDA requires medical devices be secured against cyberattacks
By Jennifer Korn The Food and Drug Administration will now require medical devices meet specific cybersecurity guidelines after years of concerns…
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 Fox News CEO said correspondent’s fact-check of Trump’s election lies was ‘bad for business,’ new emails show
By Oliver Darcy and Marshall Cohen, CNN Fox News CEO Suzanne Scott sounded the alarm inside the company about the financial fallout that the…
Continue Reading High egg prices send profits at largest US producer soaring more than 700%
By Chris Isidore, CNN Cal-Maine Foods, the largest egg producer in the United States, reported revenue doubled and profit surged 718% last quarter…
Continue Reading Elon Musk and other tech leaders call for pause in ‘out of control’ AI race
By Samantha Murphy Kelly, CNN Business Some of the biggest names in tech are calling for artificial intelligence labs to stop the training of the…
Continue Reading The new Lamborghini is totally different than any car it’s ever made
By Peter Valdes-Dapena, CNN Business Soon, you’ll be able to plug in your Lamborghini. Closing out a half century of purely gasoline-powered…
Continue Reading Foot Locker is closing 400 stores. They may become an eyesore
By Nathaniel Meyersohn, CNN Two major retail chains are closing roughly 800 stores. One company’s spaces likely will be filled, while the…
Continue Reading Cup Noodles’ new ramen flavor puts your breakfast cravings into a cup
By Jordan Valinsky, CNN Business The high price of eggs and other breakfast staples is forcing some to look for cheaper breakfast alternatives. How…
Continue Reading The Future of Macy’s: New CEO is a veteran of Bloomingdale’s
By Nathaniel Meyersohn, CNN One of the highest profile jobs in retail will change hands next year. Macy’s CEO Jeff Gennette will retire in…
Continue Reading Federal judge rules Google tried to ‘hide the ball’ by deleting chat logs in a big antitrust case
By Brian Fung, CNN Google intentionally sought to “hide the ball” in a high-profile antitrust case by automatically deleting employee…
Continue Reading Arkansas sues TikTok, ByteDance and Meta over mental health claims
By Brian Fung, CNN The state of Arkansas has sued TikTok, its parent ByteDance, and Facebook-parent Meta over claims the companies’ products…
Continue Reading Adidas does rapid U-turn in Black Lives Matter logo dispute
By Anna Cooban, CNN Adidas is backpedaling fast over its latest attempt to protect its iconic three-stripe mark. The German sportswear company said…
Continue Reading Bernie Sanders confronts former Starbucks CEO Howard Schultz on company’s labor practices
By Danielle Wiener-Bronner, CNN Senator Bernie Sanders, who has roundly criticized former Starbucks CEO Howard Schultz over the company’s…
Continue Reading Bank of England calls for urgent action on funds that nearly toppled UK financial system
By Julia Horowitz, CNN The Bank of England has called for urgent action to address a weak spot in the UK financial system as persistent worries about…
Continue Reading Brainard: US banking system is ‘sound’ and ‘stable’
By Alicia Wallace, CNN The broader US banking system remains sound and stable, but the two regional banks that failed were “poorly…
Continue Reading Federal regulators are back on Capitol Hill to explain the banking crisis
From CNN’s Krystal Hur, Nicole Goodkind and Allison Morrow The-CNN-Wire™ & © 2023 Cable News Network, Inc., a Warner Bros.…
Continue Reading Credit Suisse is still helping ultra-wealthy Americans evade taxes, Senate panel says
By Matt Egan, CNN Credit Suisse is complicit in ongoing tax evasion by ultra-wealthy Americans, including a potentially criminal conspiracy involving…
Continue Reading 300 million jobs could be affected by latest wave of AI, says Goldman Sachs
By Michelle Toh, CNN As many as 300 million full-time jobs around the world could be automated in some way by the newest wave of artificial…
Continue Reading Google-parent stock drops on fears it could lose search market share to AI-powered rivals
By Samantha Kelly Shares of Google-parent Alphabet fell more than 3% in early trading Monday after a report sparked concerns that its core search…
Continue Reading UBS brings back Sergio Ermotti as CEO to oversee Credit Suisse rescue
By Michelle Toh and Hanna Ziady, CNN UBS is bringing back its former chief executive, Sergio Ermotti, to manage the hugely complex and risky task of…
Continue Reading California governor signs bill giving energy commission oversight power on oil companies
By Taylor Romine, CNN California Gov. Gavin Newsom signed a bill into law Tuesday that gives the state’s energy commission oversight power on…
Continue Reading The big, electric Kia EV9 has carpets made out of recycled fishing nets
By Peter Valdes-Dapena, CNN Business The big Kia Telluride SUV, with three roomy rows of seats, has been a major hit for the South Korean car brand.…
Continue Reading Why Corporate America has grown silent on gun violence
By Nathaniel Meyersohn, CNN America’s biggest companies rushed to strengthen their gun safety policies after the mass shooting at a high school…
Continue Reading Apple launches buy now, pay later service
By Jennifer Korn Apple on Tuesday launched an option in its digital wallet allowing customers to pay for online purchases in installments, making it…
Continue Reading Canadian billionaire and a group including Magic Johnson submit competing bids for Washington Commanders
By Matt Egan, CNN Two potential ownership groups are vying to buy the NFL’s Washington Commanders. Canadian billionaire Steve Apostolopoulos…
Continue Reading Tesla under investigation again from safety regulators, this time for seatbelt attachments
By Peter Valdes-Dapena, CNN The National Highway Traffic Safety Administration has opened an investigation into model year 2022 and 2023 Tesla Model…
Continue Reading Dominion wants Tucker Carlson, Sean Hannity and other Fox hosts and executives to take the stand at trial
By Oliver Darcy and Marshall Cohen, CNN Dominion Voting Systems said in a court filing Monday that it wants to put some of Fox News‘ top…
Continue Reading US has replaced Russia as Europe’s top crude oil supplier
By Anna Cooban, CNN The United States is now the biggest supplier of crude oil to the European Union. In December, 18% of the bloc’s crude…
Continue Reading US consumer confidence improved in March
By Alicia Wallace, CNN Confidence in the US economy ticked up in March, despite the sudden turmoil in the banking industry, according to the latest…
Continue Reading US home prices fell in January for the seventh-straight month
By Anna Bahney, CNN US home prices fell for the seventh month in a row in January, even as mortgage rates eased, according to the latest S&P…
Continue Reading Banking chaos could break the strong job market
By Nicole Goodkind, CNN The job market has remained strong even as the Federal Reserve has spent a full year attempting to cool off the economy by…
Continue Reading Prince Harry and Elton John are going to court in a high-profile fight against the Daily Mail
By Oliver Darcy, CNN Another high-octane case against a media outlet is getting underway — this one, across the pond in the UK. Both Prince Harry…
Continue Reading Alibaba will split into six units, reshaping Jack Ma’s business empire
By Catherine Thorbecke, CNN Alibaba on Tuesday said it plans to split its business into six separate units, in a move that promises to radically…
Continue Reading FTX founder Sam Bankman-Fried tried to bribe Chinese officials, prosecutors say
By Allison Morrow, CNN Federal prosecutors tacked on a 13th criminal charge against Sam Bankman-Fried, accusing the FTX co-founder of bribing…
Continue Reading Pepsi has a new logo
By Danielle Wiener-Bronner, CNN If someone were to ask you to draw the Pepsi logo from memory, what would you draw? A circle, perhaps, with the red,…
Continue Reading Beyond FDIC insurance: How protected is your money outside of banks?
By Jeanne Sahadi, CNN Just as stock market turmoil is a good reminder to make sure your investment portfolio is diversified, a few surprise bank…
Continue Reading Bank of England on high alert as investors ‘test’ banks
By Hanna Ziady, CNN Bank of England governor Andrew Bailey has said investors are hunting for “points of weakness” in banking, as fears…
Continue Reading Elon Musk: Only paid subscribers will get recommended in Twitter ‘For You’ feed
By Chris Isidore, CNN Less than a day after Elon Musk implied that Twitter users might soon only see tweets from paid subscribers in their default…
Continue Reading Beyond FDIC insurance: How protected is your money outside of banks?
By Jeanne Sahadi, CNN Just as stock market turmoil is a good reminder to make sure your investment portfolio is diversified, a few surprise bank…
Continue Reading Six takeaways from the Senate hearing on recent bank failures
By Nicole Goodkind, CNN Silicon Valley Bank’s downfall sent waves of panic through the financial system earlier this month, setting off a chain…
Continue Reading Kakao wins control of K-pop powerhouse SM Entertainment
By Michelle Toh and Gawon Bae, CNN South Korean internet company Kakao has become the largest shareholder of SM Entertainment, winning a battle for…
Continue Reading The company behind Johnnie Walker and Guinness appoints first female CEO
By Hanna Ziady, CNN One of the world’s largest alcoholic drinks companies has appointed its first female CEO. Diageo, which makes Guinness beer…
Continue Reading China gave huge loans to some countries. Now it’s spending billions to bail them out
By Jessie Yeung, CNN For the past decade, China has lent massive sums to governments across Asia, Africa and Europe, growing its global influence…
Continue Reading One in 5 young people in Chinese cities are out of work. Beijing wants them to work in the fields
By Laura He, CNN As the jobless rate among China’s youth soars, the country’s richest province has offered a highly controversial…
Continue Reading China’s new premier rolls out the welcome wagon for foreign companies
By Laura He, CNN China’s new premier, Li Qiang, has offered a hearty welcome to foreign companies in an effort to arrest a slump in business…
Continue Reading Ex-Fox producer said she gave misleading testimony in Dominion case ‘to keep my job’
By Marshall Cohen and Kristina Sgueglia, CNN Abby Grossberg, the former Fox News producer who accused the right-wing network of pressuring her into…
Continue Reading Lyft announces new CEO, says co-founders will step aside from management positions
By Catherine Thorbecke, CNN Lyft announced on Monday that Amazon veteran David Risher will join as chief executive next month, and that co-founders…
Continue Reading Lyft announces new CEO, says co-founders will step aside from management positions
By Catherine Thorbecke, CNN Lyft announced on Monday that Amazon veteran David Risher will join as chief executive next month, and that co-founders…
Continue Reading Chipotle agrees to pay ex-employees after closing store that tried to unionize
By Chris Isidore, CNN Chipotle Mexican Grill will pay a total $240,000 in salary and back pay to the former employees of an Augusta, Maine,…
Continue Reading Disney begins laying off 7,000 employees, CEO Bob Iger announces
By Jon Passantino, CNN Disney CEO Bob Iger on Monday said his company will begin laying off staff starting this week, the first of three rounds of…
Continue Reading Taylor Swift fans take Ticketmaster to court over Eras Tour ticketing chaos
By Jennifer Korn, Ramishah Maruf and Camila Bernal, CNN Taylor Swift fans headed to court in Los Angeles Monday to face off against Ticketmaster…
Continue Reading Grime, dirt, stink and funk: Tween boys are skin care’s hottest market
By Parija Kavilanz, CNN Check the aisles at Walmart, Target or your neighborhood drug store and you’ll find them chock full of scented,…
Continue Reading Commercial real estate is in trouble. Why you should be paying attention
By Nicole Goodkind, CNN Economists are growing concerned about the $20 trillion commercial real estate (CRE) industry. After decades of thriving…
Continue Reading How the Fed’s latest rate increase will affect your bank savings
By Jeanne Sahadi, CNN Banking has been top of mind for many people in the wake of some surprise bank failures and moves by US regulators to boost…
Continue Reading This is why SVB imploded, says top Fed official
By Matt Egan, CNN Silicon Valley Bank imploded due to mismanagement and a sudden panic among depositors, a top Federal Reserve official plans to tell…
Continue Reading The Girl Scout cookie crumbled this year. Here’s what happened
By Danielle Wiener-Bronner, CNN For decades, Girl Scouts has used cookie sales to raise funds and teach scouts about entrepreneurship. This year,…
Continue Reading Banks aren’t out of the woods yet and neither is the economy. Here’s why
By Krystal Hur, CNN Markets seesawed severely this week when two of the US economy’s most prominent leaders gave seemingly contradictory…
Continue Reading US regulators sue crypto megaplatform Binance and its CEO
By Allison Morrow, CNN Federal regulators sued Binance, the world’s largest cryptocurrency exchange, and its CEO for allegedly violating US…
Continue Reading Europe’s banks are still at risk, regulator warns
By Mark Thompson and Julia Horowitz, CNN Europe’s banks are not yet in the clear, a top EU regulator said Monday, two weeks after the collapse…
Continue Reading William Shatner is mad he may have to pay to keep his blue Twitter checkmark. Elon Musk says too bad
By Jennifer Korn Elon Musk and William Shatner clashed on Twitter over the weekend after the Star Trek actor complained about being forced to pay to…
Continue Reading Dominion wants Tucker Carlson, Sean Hannity and other Fox hosts and executives to take the stand at trial
By Oliver Darcy and Marshall Cohen, CNN Dominion Voting Systems said in a court filing Monday that it wants to put some of Fox News‘ top…
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