Economic barometer warns that a US recession could come soon
By Alicia Wallace, CNN A key barometer for the health of the economy continues to flash a recession warning sign, indicating a downturn is in store…
Continue ReadingBy Alicia Wallace, CNN A key barometer for the health of the economy continues to flash a recession warning sign, indicating a downturn is in store…
Continue ReadingBy Hanna Ziady, CNN Spotify said Monday that it will cut 6% of its workforce to reduce costs, joining tech companies including Amazon and Microsoft…
Continue ReadingBy Anna Cooban, CNN Citadel is now the most successful hedge fund ever after it made $16 billion last year — the biggest annual windfall on record.…
Continue ReadingBy Parija Kavilanz, CNN Most retailers are tripping over themselves to stay relevant by courting younger Millennial and Gen Z shoppers. Not…
Continue ReadingBy Ramishah Maruf, CNN Just this week, Alphabet, Google’s parent company, Microsoft and Vox Media announced layoffs that will affect more than…
Continue ReadingBy Nathaniel Meyersohn, CNN Santa Fe, New Mexico, paid a local contractor $47,000 to round up about 3,000 shopping carts around the city in 2021 and…
Continue ReadingBy Paul R. La Monica, CNN Recession alarm bells are sounding. But are they premature? Yes, retail sales tumbled in December as inflation took its…
Continue ReadingBy Alicia Wallace, CNN After the United States hit its debt ceiling on Thursday, the Treasury Department is now undertaking “extraordinary…
Continue ReadingBy Jeanne Sahadi, CNN Official tax-filing season kicks off Monday, January 23, and it may hold some surprises for your wallet. So, whether you expect…
Continue ReadingBy Matt McFarland, CNN Business Tesla CEO Elon Musk took the witness stand for a second day on Monday and attempted to explain the thought process…
Continue ReadingBy Matt Egan, CNN For the first time since the early days of the pandemic, most business economists expect their companies to cut payrolls in the…
Continue ReadingThe Idaho State Tax Commission starts processing 2022 Idaho individual income tax returns on Monday,…
Continue ReadingBy Samantha Murphy Kelly, CNN Business Microsoft on Monday confirmed it is making a “multibillion dollar” investment in OpenAI, the…
Continue ReadingBy Paul R. La Monica, CNN Software giant Salesforce, one of the 30 stocks in the venerable Dow Jones Industrial Average, had a miserable 2022. Now…
Continue ReadingBy Jordan Valinsky, CNN Natural Light’s new cans will soon look a lot like their old ones. Drinkers will soon notice a retro-inspired makeover…
Continue ReadingBy Nicole Goodkind, CNN ESG funds — investments that evaluate companies using environmental, social and governance factors — just survived a…
Continue ReadingBy Diksha Madhok, CNN Asia’s richest man Gautam Adani says he is addicted to ChatGPT, the powerful new AI tool that interacts with users in an…
Continue ReadingBy Sophia Saifi, Azaz Syed and Rhea Mogul, CNN A nationwide power outage in Pakistan left nearly 220 million people without electricity on Monday,…
Continue ReadingBy Alicia Wallace, CNN After the United States hit its debt ceiling on Thursday, the Treasury Department is now undertaking “extraordinary…
Continue ReadingBy Clare Duffy, CNN In January 2021, Microsoft CEO Satya Nadella spoke in lofty terms about how the first year of the pandemic had sparked a…
Continue ReadingBy Faith Karimi, CNN Ruja Ignatova strode onto the stage in a flowing burgundy ball gown adorned with black sparkles. Beams of light flashed,…
Continue ReadingBy Faith Karimi, CNN Ruja Ignatova strode onto the stage in a flowing burgundy ball gown adorned with black sparkles. Beams of light flashed,…
Continue ReadingBy Michelle Toh, CNN Eggs have soared in cost around the world over the past year as avian flu decimated chicken flocks and fallout from…
Continue ReadingBy Jordan Valinsky, CNN Regal Cinemas is closing 39 more movie theaters across the United States. The decision comes four months after its parent…
Continue ReadingBy Matt McFarland and Chris Isidore, CNN Tesla CEO Elon Musk took the stand in a California court room Friday to testify in the lawsuit over his…
Continue ReadingBy Catherine Thorbecke, CNN Elizabeth Holmes made an “attempt to flee the country” by booking a one-way ticket to Mexico departing in…
Continue ReadingBy Brian Fung, CNN The Federal Trade Commission on Friday called for a federal court to hold “Pharma Bro” Martin Shkreli in contempt…
Continue ReadingBy Chris Isidore, CNN Southwest Airlines has agreed to pay its pilots an estimated $45 million in bonus “gratitude pay” for working…
Continue ReadingBy Allison Morrow, CNN One of America’s elite white-collar law firms has emerged as a contentious figure in the complex FTX saga. A judge ruled…
Continue ReadingBy Jackie Wattles, CNN In the fervor-filled days leading up to the November 16 launch of the long-awaited Artemis I mission, an uncrewed trip around…
Continue ReadingBy Peter Valdes-Dapena, CNN Business Uber drivers don’t always need four wheels, front-facing passenger seats and top speeds over 50 miles an…
Continue ReadingBy Brian Rokus, CNN A contractor working for the Federal Aviation Administration unintentionally deleted files related to a key pilot safety system,…
Continue ReadingBy Anna Bahney, CNN The real estate market took a downward turn in 2022, as rising interest rates rapidly slowed the frenzied sales activity seen the…
Continue ReadingBy David Goldman, CNN T-Mobile said a “bad actor” accessed personal data from 37 million current customers in a November data breach. In…
Continue ReadingBy Chris Isidore, CNN Unions just had one of the best years in terms of growing membership so far this century. But the high-profile organizing wins…
Continue ReadingBy Anna Cooban, CNN The world economy is still in a sticky spot, according to the head of the International Monetary Fund, despite cautious optimism…
Continue ReadingBy Oliver Darcy, CNN Business Vox Media, the publisher of news websites such as Vox and The Verge, in addition to New York magazine, will lay off 7%…
Continue ReadingBy Diksha Madhok and Laura He, CNN The past few years have not been great for the super-rich in China, particularly those who built their fortune in…
Continue ReadingBy Catherine Thorbecke, CNN When TikTok was the title sponsor last summer for Vidcon, an annual convention for the creators and brands that make up a…
Continue ReadingBy Catherine Thorbecke, CNN When TikTok was the title sponsor last summer for Vidcon, an annual convention for the creators and brands that make up a…
Continue ReadingBy Faith Karimi, CNN College freshman Dieunerst Collin’s road to internet meme fame started with a confused side-eye at a Popeyes in New…
Continue ReadingBy Brian Fung, CNN A wide range of businesses, internet users, academics and even human rights experts defended Big Tech’s liability shield…
Continue ReadingBy Brian Fung, CNN The Biden administration on Wednesday took its biggest swipe yet at app stores run by Apple and Google, with a new report accusing…
Continue ReadingBy Nicole Goodkind, CNN Friday marks the end of the annual World Economic Forum meeting in Davos, Switzerland, an elite gathering of some of the…
Continue ReadingBy Clare Duffy, CNN Google parent Alphabet is eliminating about 12,000 jobs, or 6% of its workforce, the company said Friday, in the latest cuts to…
Continue ReadingBy Michelle Toh, Yoonjung Seo and Jake Kwon, CNN South Korea’s leader is capping off a whirlwind week, after securing tens of billions of…
Continue ReadingBy Greg Wallace, CNN A federal judge has ordered Boeing to appear in federal court in Texas next week for an arraignment on a fraud charge involving…
Continue ReadingBy Kara Scannell, CNN Attorneys for disgraced FTX founder Sam Bankman-Fried urged the judge in his fraud case to keep the names of two people who…
Continue ReadingBy Clare Duffy, CNN Netflix announced Thursday that its founder Reed Hastings is stepping down as co-CEO at the company and will serve as executive…
Continue ReadingBy Sean Lyngaas, CNN A senior White House official asked US tech company Cloudflare to help circumvent internet censorship in Iran after protests…
Continue ReadingBy Sean Lyngaas, CNN A senior White House official asked US tech company Cloudflare to help circumvent internet censorship in Iran after protests…
Continue ReadingBy Alicia Wallace, CNN The Federal Reserve is seeing progress in its battle to bring down US inflation and remains laser-focused on reaching the…
Continue ReadingBy Jordan Valinsky, CNN World Wrestling Entertainment executive chairman Vince McMahon has agreed to another multimillion-dollar legal settlement…
Continue ReadingBy Julia Horowitz, CNN Jeff Maggioncalda, the CEO of online learning provider Coursera, said that when he first tried ChatGPT, he was…
Continue ReadingBy Nadeen Ebrahim, CNN Egypt’s economic situation is so dire that the government is asking people to eat chicken feet. The Arab world’s…
Continue ReadingBy Paul R. La Monica, CNN The market is bracing for a perfect storm of bad news. The latest worry? The impending debt ceiling drama in Washington.…
Continue ReadingBy Jordan Valinsky, CNN Anheuser-Busch may no longer be the only alcohol brand to advertise at the Super Bowl, but it will still have a major…
Continue ReadingBy Samantha Murphy Kelly, CNN Business When Kristen Asplin heard about a powerful new AI chatbot tool called ChatGPT going viral online recently with…
Continue ReadingBy Jordan Valinsky, CNN Amazon is shutting down its “Smile” charity donation program as the company cuts costs and rethinks its strategy.…
Continue ReadingBy Nicole Goodkind, CNN Business The US government is set to hit its self-imposed borrowing limit today and both Wall Street and Washington are…
Continue ReadingBy Jordan Valinsky, CNN Taco Bell is bringing back a fan-favorite menu item, but you have to act fast. Crispy chicken wings are back for a limited…
Continue ReadingBy Chris Isidore, CNN Americans can once again buy cars for less than sticker price. But that doesn’t mean they’re finding bargains at…
Continue ReadingBy Alicia Wallace, CNN The number of first-time claims for unemployment insurance fell unexpectedly to 190,000 for the week ending January 14,…
Continue ReadingBy Tami Luhby, CNN The US hit the debt ceiling set by Congress on Thursday, forcing the Treasury Department to start taking extraordinary measures to…
Continue ReadingBy Anna Bahney, CNN US home building fell in December, as the housing market continued to slow. December housing starts, a measure of new home…
Continue ReadingBy Samantha Murphy Kelly, CNN Business Instagram on Thursday announced a new feature called “quiet mode,” which aims to help users focus…
Continue ReadingBy Michelle Toh, CNN China has reopened its doors to Disney’s Marvel Studios for the first time in almost four years, with two new film…
Continue ReadingBy Anna Bahney, CNN Mortgage rates fell this week as economic data showed inflation is fading. The 30-year fixed-rate mortgage averaged 6.15% in the…
Continue ReadingBy Parija Kavilanz, CNN Consumers, spooked by accelerating job cuts, looming recession fears and continuing high prices for goods and services in…
Continue ReadingBy Chris Isidore, CNN Americans can once again buy cars for less than sticker price. But that doesn’t mean they’re finding bargains at…
Continue ReadingBy Samantha Murphy Kelly, CNN Business When Kristen Asplin heard about a powerful new AI chatbot tool called ChatGPT going viral online recently with…
Continue ReadingBy Julia Horowitz, CNN The promenade at the World Economic Forum, dusted in a blanket of fresh snow, is cluttered with signs and pavilions from…
Continue ReadingBy Joseph Ataman, Marguerite Lacroix and Hanna Ziady, CNN Strikes disrupted train services, flights, schools and businesses in France on Thursday as…
Continue ReadingBy Hilary Whiteman, CNN A dispute between two billionaires once united in a visionary project to send power from Australia to Singapore through the…
Continue ReadingBy Pete Muntean, CNN A source familiar with the near-collision of two airliners on a John F. Kennedy International Airport runway tells CNN that…
Continue ReadingBy Brian Fung, CNN The Federal Election Commission has tossed out claims by the Republican National Committee that Google’s spam filters in…
Continue ReadingBy Catherine Thorbecke, CNN Amazon has been accused by federal safety regulators of failing to keep warehouse workers safe from workplace hazards at…
Continue ReadingBy Alicia Wallace, CNN It was a ho-hum end to 2022 for spending in America. US retail sales continued their fall in December, dropping by 1.1% as…
Continue ReadingBy Anna Bahney, CNN A modest drop in mortgage rates over the past month has helped home builder confidence improve in January, after 12 consecutive…
Continue ReadingBy Chris Isidore, CNN Wholesale price growth cooled off significantly in December, the Bureau of Labor Statistics reported Wednesday, indicating that…
Continue ReadingBy Sean Lyngaas, CNN US authorities arrested a Russian cryptocurrency executive who allegedly oversaw the exchange of hundreds of millions of dollars…
Continue ReadingBy Michelle Toh and Hanna Ziady, CNN IBM and SAP are the latest tech companies to slash thousands of jobs, as they reorganize businesses and profits…
Continue ReadingBy Nathaniel Meyersohn, CNN Santa Fe, New Mexico, paid a local contractor $47,000 to round up about 3,000 shopping carts around the city in 2021 and…
Continue ReadingBy Nathaniel Meyersohn, CNN The masked thief rode into a Walgreens in San Francico on a bicycle, pedaled to an aisle in the health and wellness…
Continue ReadingBy Nicole Goodkind, CNN The largest six banks in the United States have been given until July to show the Federal Reserve what effects disastrous…
Continue ReadingBy Nathaniel Meyersohn, CNN Party City filed for bankruptcy protection Tuesday, weighed down by competition and years of financial losses. The…
Continue ReadingBy Allison Morrow, CNN When Jane Fraser became CEO of Citigroup nearly two years ago, in the middle of the pandemic, she established the kind of…
Continue ReadingBy Greg Wallace The union representing Southwest Airlines pilots is taking early steps toward a possible strike, citing the airline’s Christmas…
Continue ReadingBy Brian Fung, CNN The University of Texas at Austin blocked TikTok from its IT network on Wednesday under an earlier order by Gov. Greg Abbott…
Continue ReadingBy Brian Fung, CNN The University of Texas at Austin blocked TikTok from its IT network on Wednesday under an earlier order by Gov. Greg Abbott…
Continue ReadingBy Kristen Holmes, CNN Former President Trump’s campaign sent a letter to Facebook’s parent company, Meta, Tuesday petitioning them to…
Continue ReadingBy Kristen Holmes, CNN Former President Trump’s campaign sent a letter to Facebook’s parent company, Meta, Tuesday petitioning them to…
Continue ReadingBy Oliver Darcy, CNN Business The World Economic Forum’s annual meeting at Davos has long been a lightning rod for conspiracy theories.…
Continue ReadingBy Oliver Darcy, CNN Business The World Economic Forum’s annual meeting at Davos has long been a lightning rod for conspiracy theories.…
Continue ReadingBy Anna Cooban, CNN Global oil demand is expected to hit its highest-ever level this year on the back of China’s swift reopening of its…
Continue ReadingBy Catherine Thorbecke and Hanna Ziady, CNN Microsoft plans to lay off 10,000 employees as part of broader cost-cutting measures, the company said in…
Continue ReadingBy Ivana Kottasová, CNN The UN Secretary General has accused fossil fuel producers and their financial backers of “racing to expand…
Continue ReadingPhilip Wang Alvin Chau, one of Macao’s high-profile gambling promoters, has been sentenced to 18 years in prison for racketeering and illegal…
Continue ReadingBy Hanna Ziady, CNN South Africa’s President Cyril Ramaphosa was forced this week to cancel a trip to Davos by an escalating energy crisis that…
Continue ReadingBy Vanessa Yurkevich, CNN Women living in states that restrict or ban abortion face greater economic insecurity than those living in states where…
Continue Reading