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…
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Warren Buffett is beating the market this year
By Paul R. La Monica, CNN Investors around the world have been trying to adjust their portfolios to contend with big interest rate hikes from the…
Continue Reading Australia passes law to cap energy prices against ‘wartime whims’
By Angus Watson, CNN Australia’s parliament passed a new law Thursday capping its domestic gas price and some states’ coal prices, a move…
Continue Reading China’s economy plunged before major Covid policy shift. A rebound may be months away
By Laura He, CNN The end of pandemic restrictions in China will eventually usher in a strong economic rebound as the country learns to live with the…
Continue Reading British nurses launch historic strike, as pay and staffing crises threaten the NHS
By Rob Picheta, CNN Nurses across much of the UK launched a historic strike on Thursday, as they walked out of hospitals and onto picket lines after…
Continue Reading Democratic lawmakers urge Meta not to restore Trump’s account in January
By Brian Fung, CNN Two Democratic lawmakers on Wednesday urged Meta to maintain Donald Trump’s suspension from its platforms when it revisits…
Continue Reading Taco Bell may add fries to its menu permanently to compete with McDonald’s
By Danielle Wiener-Bronner, CNN Taco Bell knows you want fries with that. Especially during lunch. To compete with rivals such as McDonald’s…
Continue Reading Who’s manning the train? Railroads want a one-person crew
By Chris Isidore and Vanessa Yurkevich, CNN When a freight train travels across the country, two people are in the cab of the locomotive working to…
Continue Reading Who’s manning the train? Railroads want a one-person crew
By Chris Isidore and Vanessa Yurkevich, CNN When a freight train travels across the country, two people are in the cab of the locomotive working to…
Continue Reading New home sales rose in November, defying expectations
By Anna Bahney, CNN Business New home sales were up in November from the month before, even as prices remained elevated and buyers faced some of the…
Continue Reading 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…
Continue Reading 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 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 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 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 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 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 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 China bets on private sector to boost Covid-hit economy
By Laura He, CNN Beijing has vowed to go all out next year to save its Covid-hit economy by boosting consumption and loosening control over private…
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 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 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 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 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 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 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 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 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 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 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…
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 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 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 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 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 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…
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