What to do about the highest interest rate in 15 years
By Jeanne Sahadi, CNN In its last policymaking meeting of the year, the Federal Reserve on Wednesday raised its benchmark interest rate for the…
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Parents of Sam Bankman-Fried face scrutiny over their roles in FTX
By Allison Morrow, CNN Sam Bankman-Fried’s multibillion-dollar crypto empire was run primarily by “grossly inexperienced and…
Continue Reading An Ethiopian professor was murdered by a mob. A lawsuit alleges Facebook fueled the violence
By Eliza Mackintosh, CNN The son of an Ethiopian chemistry professor who was killed during unrest in the country last year has filed a lawsuit…
Continue Reading Why Tom Brady, David Ortiz, Jimmy Fallon and other celebrities are getting sued over crypto
By Jennifer Korn With the implosion of Sam Bankman-Fried’s FTX dominating the headlines, celebrities who hawked cryptocurrency are now finding…
Continue Reading Why Tom Brady, David Ortiz, Jimmy Fallon and other celebrities are getting sued over crypto
By Jennifer Korn With the implosion of Sam Bankman-Fried’s FTX dominating the headlines, celebrities who hawked cryptocurrency are now finding…
Continue Reading The Washington Post will conduct layoffs, its publisher says at contentious town hall
By Oliver Darcy, CNN The Washington Post will conduct layoffs in the coming year as it reorients itself for the future and reinvests in other areas,…
Continue Reading Attention procrastinators: Drop-dead holiday shipping deadlines are coming soon
By Parija Kavilanz, CNN It happens every year — the mad dash to ship holiday gifts to get them to loved ones on time. And it bears repeating,…
Continue Reading Why a growing number of states are cracking down on TikTok
By Brian Fung, CNN Two years after TikTok avoided a national ban in the United States, the popular short-form video app is now facing growing…
Continue Reading Investors are hoping for the economic tide to turn. The wait may soon be over
By Nicole Goodkind, CNN It’s been a harrowing year for markets and investors are tired. Months of sky-rocketing inflation and interest rates,…
Continue Reading Bernard Arnault just became the world’s richest person. So who is he?
By Hanna Ziady, CNN Bernard Arnault, the chairman of French luxury goods giant LVMH, has just become the first European to top Bloomberg’s list…
Continue Reading An electric scooter company just pulled off Russia’s only IPO of the year
By Julia Horowitz, CNN An electric scooter service just became the only company to pull off an initial public offering in Russia this year. Whoosh,…
Continue Reading Twitter suspends account that tracked Musk’s private jet, despite billionaire’s ‘free speech’ pledge
By Donie O’Sullivan, CNN Twitter on Wednesday permanently suspended an account that tracked the location of Elon Musk’s private jet,…
Continue Reading US government charges 8 social media influencers over alleged pump-and-dump scheme
By Brian Fung, CNN The Securities and Exchange Commission has charged seven Twitter users and a podcaster in an alleged $100 million stock…
Continue Reading Elizabeth Warren unveils bipartisan bill to crack down on crypto money laundering
By Matt Egan, CNN As federal prosecutors seek to imprison former crypto darling Sam Bankman-Fried, Sen. Elizabeth Warren is attempting to push…
Continue Reading Why people in China are panic buying canned yellow peaches as Covid surges
By Laura He and Jennie Chen, CNN An unprecedented wave of Covid cases in China has sparked panic buying of fever medicines, pain killers, and even…
Continue Reading Why people in China are panic buying canned yellow peaches as Covid surges
By Laura He and Jennie Chen, CNN An unprecedented wave of Covid cases in China has sparked panic buying of fever medicines, pain killers, and even…
Continue Reading The Fed lifts rates by half a point, acknowledging that inflation is easing
By Nicole Goodkind, CNN The Federal Reserve approved a half-point interest rate hike on Wednesday, a smaller increase than in recent months and an…
Continue Reading Blizzard tells China’s ‘World of Warcraft’ fans to back up data as it seeks new partner
By Michelle Toh, CNN “World of Warcraft” fans in China will have to back up their playing history as the distributor of the hit game…
Continue Reading Binance withdrawals jump to $3 billion in 24 hours, research firm says
By Michelle Toh, CNN Investors withdrew as much as $3 billion from Binance on Tuesday, according to blockchain analytics firm Nansen, as a deluge of…
Continue Reading Binance withdrawals jump to $3 billion in 24 hours, research firm says
By Michelle Toh, CNN Investors withdrew as much as $3 billion from Binance on Tuesday, according to blockchain analytics firm Nansen, as a deluge of…
Continue Reading ‘Harry & Meghan’ is Netflix’s most watched documentary debut in its first week
by Gayle Harrington, CNN Netflix’s documentary about Prince Harry and Meghan, Duchess of Sussex, debuted with a total of 81.55 million hours…
Continue Reading ‘Harry & Meghan’ is Netflix’s most watched documentary debut in its first week
by Gayle Harrington, CNN Netflix’s documentary about Prince Harry and Meghan, Duchess of Sussex, debuted with a total of 81.55 million hours…
Continue Reading TikTok may push potentially harmful content to teens within minutes, study finds
By Samantha Murphy Kelly, CNN Business TikTok may surface potentially harmful content related to suicide and eating disorders to teenagers within…
Continue Reading Danish bank pleads guilty to multi-billion dollar fraud scheme on U.S. Banks
By Hannah Rabinowitz, CNN Federal prosecutors announced a plea deal and $2 billion forfeiture Tuesday with Danske Bank, one of Denmark’s…
Continue Reading US lawmakers introduce bill to ban TikTok
By Brian Fung, CNN A trio of US lawmakers has introduced new legislation that aims to ban TikTok from operating in the United States. The new bill by…
Continue Reading Inflation may be easing, but grocery prices are still way up
By Danielle Wiener-Bronner, CNN Once again, food inflation is outpacing overall inflation. In the year through November, food got 10.6% more…
Continue Reading Ford F-150 Lightning named MotorTrend Truck of the Year, the second electric pickup in a row
By Peter Valdes-Dapena, CNN The Ford F-150 Lightning was named MotorTrend’s 2023 Truck of the Year on Tuesday, making it the second electric…
Continue Reading FTX founder indicted on eight criminal charges including fraud and conspiracy
By Matt Egan and Allison Morrow, CNN FTX founder Sam Bankman-Fried was indicted on eight criminal charges including wire fraud and conspiracy by…
Continue Reading How the Fed could do a smaller rate hike and still upset markets
By Nicole Goodkind, CNN The Federal Reserve is expected to respond to persistently high inflation by hiking interest rates half a point on Wednesday.…
Continue Reading Sears Hometown files for Chapter 11 bankruptcy protection
By Jordan Valinsky, CNN Business The “other Sears” is in financial turmoil, just like its more famous parent company. Sears Hometown…
Continue Reading Inflation cooled more than expected in November
By Alicia Wallace, CNN Tuesday brought some encouraging news on the stubbornly high prices that have weighed down Americans: Inflation as measured by…
Continue Reading Tesla: Our ‘failure’ to make actual self-driving cars ‘is not fraud’
By Peter Valdes-Dapena, CNN Business Tesla CEO Elon Musk has said numerous times since 2015 that Tesla cars would be entirely self-driving in two…
Continue Reading United places order for 200 Boeing planes, giving two troubled jets a vote of confidence
By Chris Isidore, CNN United Airlines placed a massive order for at least 200 Boeing planes on Tuesday, split between two models dogged by recent…
Continue Reading OJ prices are rising: Florida orange production expected to fall to lowest level in over 80 years
By Danielle Wiener-Bronner, CNN The combination of extreme weather and a disease impacting citrus fruit is expected to drive down Florida’s…
Continue Reading Airbnb finds people have more trouble booking stays if hosts think they are Black
By Jennifer Korn, CNN Airbnb on Tuesday said it has found a “meaningful difference” in the booking success rate for users who are…
Continue Reading United places order for 200 Boeing planes, giving two troubled jets a vote of confidence
By Chris Isidore, CNN United Airlines placed a massive order for at least 200 Boeing planes on Tuesday, split between two models dogged by recent…
Continue Reading South Korea says crypto fugitive Do Kwon is hiding in Serbia
By Kathleen Magramo and Jake Kwon, CNN Do Kwon, a disgraced tycoon behind the collapse of the TerraUSD and Luna coins that roiled the crypto assets…
Continue Reading What to expect from this week’s Fed meeting
By Nicole Goodkind, CNN The Federal Reserve is expected to raise interest rates by half a point at the conclusion of its two-day policy meeting on…
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Hong Kong scraps some restrictions for travelers, ends contact tracing
By Kathleen Magramo, CNN Hong Kong on Tuesday announced it would scrap some remaining restrictions on travelers and end contact tracing, after…
Continue Reading China challenges US chip curbs at WTO, citing ‘trade protectionism’
By Laura He, CNN China has challenged a move by the United States to block sales of advanced computer chips and chip-making equipment to Chinese…
Continue Reading Twitter disbands its ‘Trust and Safety Council’ that tackled harassment and child exploitation
By Donie O’Sullivan, CNN Twitter announced late Monday that it was disbanding its “Trust and Safety Council,” according to an email…
Continue Reading Elon Musk says Trump didn’t violate Twitter’s rules. The truth is more complicated
By Clare Duffy, CNN A series of internal Twitter documents shared on the social media platform Monday offer a glimpse into internal debates among…
Continue Reading Elon Musk says Trump didn’t violate Twitter’s rules. The truth is more complicated
By Clare Duffy, CNN A series of internal Twitter documents shared on the social media platform Monday offer a glimpse into internal debates among…
Continue Reading Sam Bankman-Fried, FTX’s founder, is arrested in the Bahamas
By Allison Morrow, CNN Sam Bankman-Fried, the founder of failed crypto exchange FTX, was arrested in the Bahamas on Monday after US prosecutors filed…
Continue Reading Some Taylor Swift fans could have a second chance at snagging tour tickets, Ticketmaster says
By Ramishah Maruf, CNN Millions of angered Taylor Swift fans didn’t receive tickets to the artist’s latest tour after a widely…
Continue Reading Railroad unions hopeful Biden will act to give workers paid sick time
By Chris Isidore and Vanessa Yurkevich, CNN Railroad workers could get the paid sick days that were at the heart of their threat to go on strike…
Continue Reading Former top Twitter official forced to leave home due to threats amid ‘Twitter Files’ release
By Donie O’Sullivan, CNN Twitter’s former head of trust and safety has fled his home due to an escalation in threats resulting from Elon…
Continue Reading Twitter relaunches option to pay for blue check marks
By Clare Duffy, CNN Twitter on Monday relaunched an option for users who pay for its subscription service to receive a coveted “blue…
Continue Reading Twitter relaunches option to pay for blue check marks
By Clare Duffy, CNN Twitter on Monday relaunched an option for users who pay for its subscription service to receive a coveted “blue…
Continue Reading US lawmakers set to grill Sam Bankman-Fried on the collapse of FTX
By Allison Morrow, CNN With his vast crypto empire in ruins, Sam Bankman-Fried is preparing to be grilled by US lawmakers who are demanding answers…
Continue Reading Subaru recalling 270,000 SUVs due to fire risk
By Peter Valdes-Dapena, CNN Business Subaru is recalling 271,694 SUVs because some of them could catch fire. The company is advising owners of some…
Continue Reading US government budget deficit increased in November
By Alicia Wallace, CNN The US government recorded a monthly budget deficit of $249 billion in November, a 30% increase from a year earlier amid…
Continue Reading ABC News boss confirms ‘GMA3’ anchors are subject to internal probe after being pulled from air
By Oliver Darcy, CNN Business “GMA3” co-anchors T.J. Holmes and Amy Robach will “remain off-air pending the completion of an…
Continue Reading Treasury Secretary Yellen predicts major inflation cooldown in 2023
By Matt Egan, CNN Treasury Secretary Janet Yellen is striking a cautiously optimistic tone about 2023, predicting a major inflation cooldown and…
Continue Reading It’s supposed to be the most wonderful time of the year. Not for investors
By Paul R. La Monica, CNN The holidays are meant to be the most wonderful time of the year. But for investors, this week just might be the most…
Continue Reading What goes up… is starting to come down
By Christine Romans It’s too soon to declare victory over inflation, but from gas to chicken to big-screen TVs, there are, increasingly, signs…
Continue Reading A trash heap 62 meters high shows the scale of India’s climate challenge
By Vedika Sud, Rhea Mogul, Rishabh Pratap and Arpit Goel, CNN At the Bhalswa landfill in northwest Delhi, a steady flow of jeeps zigzag up the trash…
Continue Reading Do you really need a new phone every 2 years? How to get more out of your devices
By Rachel Ramirez, CNN If you’re looking to replace or upgrade your smartphone in the coming year, take a beat and think it over. Do you really…
Continue Reading The Fed will raise rates again. But it’s playing with fire
By Paul R. La Monica, CNN The Federal Reserve is all but guaranteed to announce Wednesday that it will once again raise interest rates. But investors…
Continue Reading Betting on a market bounce? You may be waiting a while
By Nicole Goodkind, CNN ‘Tis the season for Wall Street strategists to pack their clients’ inboxes with market predictions for 2023. A…
Continue Reading Europe will still be fighting an energy crisis in 2023
By Julia Horowitz, CNN Europe has the energy supplies it needs to make it through the year. But 2023 might be a different story. That’s the…
Continue Reading The Wall Street Journal names Emma Tucker its next editor, marking first woman to head the newspaper
By Oliver Darcy, CNN Business The Wall Street Journal on Monday named Emma Tucker as its next editor-in-chief, marking the first time the Rupert…
Continue Reading Americans expect inflation to ease, Fed survey shows
By Alicia Wallace, CNN Consumers are expecting inflation to improve in the coming months, according to new survey data from the Federal Reserve Bank…
Continue Reading Elon Musk booed off stage at a Dave Chappelle show
By Jordan Valinsky, CNN Business Elon Musk joined Dave Chappelle on stage Sunday in San Francisco, home of Twitter’s headquarters where the…
Continue Reading Elon Musk sells another 22 million Tesla shares for $3.6 billion
By Chris Isidore, CNN Business Elon Musk just sold another 22 million shares of Tesla, raising $3.6 billion. Musk sold the shares on Monday, Tuesday…
Continue Reading ‘Unprecedented’ strike: 100,000 UK nurses set to walk off the job
By Anna Cooban, CNN Nurses in the United Kingdom have reached breaking point. As many as 100,000 members of the Royal College of Nursing will walk…
Continue Reading Squeezed by inflation, families are tightening their holiday budgets
By Gabe Cohen, CNN Anya Remy is Christmas shopping for her family on a stricter budget than ever before. Remy, a human resources professional in…
Continue Reading Microsoft buys stake in London Stock Exchange owner in cloud data deal
By Hanna Ziady, CNN Microsoft is buying a 4% stake in the London Stock Exchange Group as part of a deal that will see the market operator spend at…
Continue Reading Rivian halts plans to build electric vans with Mercedes
By Julia Horowitz, CNN Rivian said Monday it would no longer pursue a deal with Mercedes to build electric vans for businesses in Europe. In a…
Continue Reading Dorothy Pitman Hughes, co-founder of Ms. Magazine, dies at 84
By Michelle Watson, CNN Dorothy Pitman Hughes, the co-founder of one of the most prominent feminist magazines, has died, according to a funeral home…
Continue Reading Stellantis to idle Illinois plant, lay off more than 1,000 workers, citing rising costs for EVs
By Ramishah Maruf, CNN Stellantis is shuttering its Illinois plant in February resulting in indefinite layoffs for 1,350 employees, the company said…
Continue Reading Freight railroad service is terrible, even without the threat of a strike
By Chris Isidore, CNN The fact that a freight railroad strike didn’t start on Friday is a huge win for the US economy and its still struggling…
Continue Reading A trash heap 62 meters high shows the scale of India’s climate challenge
By Vedika Sud, Rhea Mogul, Rishabh Pratap and Arpit Goel, CNN At the Bhalswa landfill in northwest Delhi, a steady flow of jeeps zigzag up the trash…
Continue Reading As the world courts TSMC, Taiwan worries about losing its ‘silicon shield’
By Juliana Liu, CNN Semiconductor giant TSMC was feted this week by US President Joe Biden and Apple CEO Tim Cook during a ceremony to unveil its $40…
Continue Reading CNN Pentagon correspondent Barbara Starr is leaving the network after more than two decades
By Oliver Darcy, CNN Barbara Starr, the Pentagon correspondent who has covered some of the most consequential stories with a signature style and…
Continue Reading Americans’ wealth slips further after massive loss in the spring
By Tami Luhby, CNN Americans’ wealth continued to slide in the third quarter as stock prices plunged over the summer — but many Americans…
Continue Reading Shoppers are dipping into savings and going into debt. That could cause a holiday hangover
By Matt Egan, CNN Despite high inflation and recession fears, the holiday shopping season appears to be off to a strong start. Black Friday and Cyber…
Continue Reading The busiest port in America is no longer on the West Coast
By Vanessa Yurkevich, CNN For the past 22 years, the Port of Los Angeles has been the busiest container port in North America, moving around 10…
Continue Reading The UK just had a major market scare. Now it wants to relax financial rules
By Julia Horowitz, CNN Just two months after UK markets suffered their worst meltdown since the global financial crisis, the British government is…
Continue Reading Big Oil stocks are pointing to higher gas prices to come
By Nicole Goodkind, CNN Brutally high oil and gas prices were the talk of the town in 2022 and one of the largest contributing factors to sky-high…
Continue Reading Key inflation measure shows price pressures cooled off in November, but remain high
By Chris Isidore, CNN Another key inflation measure shows price pressures cooled off but remained stubbornly high in November, despite the Federal…
Continue Reading What goes up… is starting to come down
By Christine Romans It’s too soon to declare victory over inflation, but from gas to chicken to big-screen TVs, there are, increasingly, signs…
Continue Reading Elon Musk says Twitter is rolling out a new feature that will flag ‘shadowbanning.’ It’s complicated
By Clare Duffy, CNN Twitter’s new owner Elon Musk on Thursday said he plans to introduce an option to make it possible for users to determine…
Continue Reading Elon Musk says Twitter is rolling out a new feature that will flag ‘shadowbanning.’ It’s complicated
By Clare Duffy, CNN Twitter’s new owner Elon Musk on Thursday said he plans to introduce an option to make it possible for users to determine…
Continue Reading UAW wins key vote to represent Ohio electric car battery factory
By Chris Isidore, CNN Workers at the Ultium Cells plant, co-owned by General Motors and Korean giant LG, voted overwhelmingly this week to join the…
Continue Reading Consumers are feeling slightly better about the direction of the economy
By Chris Isidore Consumers are becoming more confident about the state of the economy, despite recession fears, soaring interest rates and continued…
Continue Reading FTX founder Sam Bankman-Fried says he’ll testify before Congress
By Jordan Valinsky and Allison Morrow, CNN Sam Bankman-Fried, the founder of the failed crypto exchange FTX, has agreed to testify before the House…
Continue Reading Indian Prime Minister Modi’s party wins sweeping victory in Gujarat state elections
By Swati Gupta, CNN India’s ruling Bharatiya Janata Party (BJP) scored a landslide election win in Prime Minister Narendra Modi’s home…
Continue Reading Former employees suing Twitter speak out on Elon Musk’s ‘clumsy and inhumane’ layoffs
By Clare Duffy, CNN A group of former Twitter employees who are suing the company spoke out Thursday, alleging that new owner Elon Musk’s mass…
Continue Reading The average rent in Manhattan jumped to $5,249 in November — and may not fall any time soon
By Anna Bahney, CNN Business The average rent in Manhattan was $5,249 in November, up 19% from last year and the third-highest amount on record,…
Continue Reading Rent the Runway rebounds as consumers shop for bargains
By Paul R. La Monica, CNN A recession may be coming, but consumers still want to look fashionable. Subscription clothing service Rent the Runway…
Continue Reading Mortgage rates fall for the fourth week in a row
By Anna Bahney, CNN Mortgage rates dipped again this week, dropping for the fourth week in a row. The 30-year fixed-rate mortgage averaged 6.33% in…
Continue Reading Apple abandons controversial plan to check iOS devices and iCloud photos for child abuse imagery
By Samantha Murphy Kelly, CNN Business Apple is abandoning its plans to launch a controversial tool that would check iPhones, iPads and iCloud photos…
Continue Reading Jim Beam offers novel fix for holiday blues: hug-simulating pajamas
By Parija Kavilanz, CNN Bourbon brand Jim Beam is offering what could possibly be the weirdest gift for the holidays — hug-simulating pajamas. The…
Continue Reading Bankruptcy worries swirl around used car retailer Carvana
By Chris Isidore, CNN Business Used car retailer Carvana, facing a cash crunch, could be headed towards bankruptcy, according to both published…
Continue Reading FTC sues to block Microsoft’s $69 billion acquisition of Activision Blizzard
By Brian Fung, CNN The Federal Trade Commission on Thursday sued to block Microsoft’s $69 billion acquisition of Activision Blizzard,…
Continue Reading Yellen sees her signature printed on US bills for the first time
By Betsy Klein, CNN US Treasury Secretary Janet Yellen traveled to Texas Thursday to mark an important and historic milestone, touring the Fort Worth…
Continue Reading Treasury Secretary Yellen predicts major inflation cooldown in 2023
By Matt Egan, CNN Treasury Secretary Janet Yellen is striking a cautiously optimistic tone about 2023, predicting a major inflation cooldown and…
Continue Reading Pentagon awards multibillion-dollar cloud contract to Amazon, Google, Microsoft and Oracle
By Brian Fung, CNN The Defense Department has named Amazon, Google, Microsoft and Oracle as the winners of a multibillion-dollar cloud computing…
Continue Reading US government budget deficit increased in November
By Alicia Wallace, CNN The US government recorded a monthly budget deficit of $249 billion in November, a 30% increase from a year earlier amid…
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